Craftsman Automation

₹5100.8 49.9 | 1%

WEBSITE BSE:543276 NSE : CRAFTSMAN 01 Dec, 16:07

Market Cap ₹10777 Cr.

Stock P/E 36.1

P/B 7.1

Current Price ₹5100.8

Book Value ₹ 720.6

Face Value 5

52W High ₹5413

Dividend Yield 0.22%

52W Low ₹ 2699.4

Edit Ratio

Craftsman Automation Research see more...

Craftsman Automation Ltd: Business Analysis

Overview Inc. Year: 1986Industry: Auto Ancillary

Craftsman Automation Limited operates as an engineering corporation in India and the world over. It operates via three segments: Automotive- Powertrain and Others, Automotive Aluminium Products, and Industrial and Engineering. The organization's Automotive - Powertrain and Others section provides cylinder blocks and cylinder heads, camshafts, transmission parts, tools box housings, turbo expenses, and bearing caps. This segment serves unique equipment manufacturers producing commercial vehicles, special utility car, tractors, and off-highway motors. Its Automotive Aluminium Products segment offers crank case and cylinder blocks for 2 wheeler, engine and structural parts for passenger cars, and tools field housings for heavy industrial car. The agency's Industrial and Engineering section offers aluminium merchandise for power transmission comprising machined castings; pre-feeders and container slitters for packaging, printing, and textile machineries; and chain hoists, wire rope hoists, take hold of hoists, crane kits, and mild crane structures. This segment also offers stationary racking for warehouses, V-store, and automated storage and retrieval structures; transmission and housing components for elevators, metro transportation, compressor manufacturers, printing machines, motors, and steel rolling generators; metallic cutting machines, drilling machines, and milling machines, as well as leak trying out machines, nut runners, industrial washing machines, and supply conveyors to vehicle corporations; and machining for railway bogeys, air conditioned train panels, mildew bases, and sheet metal casing and housings, in addition to plastic injection molds, aluminium die casting dies for high and occasional pressure casting, and sheet metallic press tools for engineering, city transportation, and automobile industries. The employer additionally exports its merchandise. Craftsman Automation Limited was founded in 1986 and is headquartered in Coimbatore, India.

Craftsman Automation Share Price

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Peer Comparison

Craftsman Automation Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Net Sales	435	571	554	657	677	776	749	980	1038	1179
Other Income	1	1	2	4	1	2	5	5	4	5
Total Income	436	572	556	661	678	778	754	985	1041	1184
Total Expenditure	327	427	426	502	512	604	591	792	823	942
Operating Profit	108	144	130	159	166	174	163	193	218	242
Interest	22	18	20	24	25	23	30	42	42	42
Depreciation	49	50	52	54	53	55	54	60	68	67
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	37	76	57	81	87	96	80	91	107	134
Provision for Tax	13	27	20	30	31	34	28	11	27	30
Profit After Tax	24	50	37	51	57	62	51	80	81	104
Adjustments	0	0	0	0	0	0	0	-2	-6	-10
Profit After Adjustments	24	50	38	51	57	62	52	78	74	95
Adjusted Earnings Per Share	11.4	23.7	17.8	24.4	26.8	29.6	24.4	36.8	35.3	44.8

Craftsman Automation Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	604	616	800	895	1102	1479	1818	1492	1560	2217	3183	3946
Other Income	3	10	1	14	11	15	15	9	15	8	13	19
Total Income	607	626	801	909	1113	1494	1833	1502	1575	2225	3195	3964
Total Expenditure	436	453	610	672	874	1203	1376	1095	1122	1683	2499	3148
Operating Profit	171	174	191	237	239	291	457	407	452	542	696	816
Interest	49	50	64	80	90	109	141	149	111	84	120	156
Depreciation	68	81	95	102	114	136	176	196	192	206	222	249
Exceptional Income / Expenses	0	0	0	0	0	0	0	-6	0	0	0	0
Profit Before Tax	54	42	31	55	35	46	140	56	149	252	355	412
Provision for Tax	16	19	11	11	-7	13	43	16	51	89	104	96
Profit After Tax	38	23	21	45	42	33	97	40	97	163	251	316
Adjustments	0	0	0	0	0	0	0	-0	0	0	-3	-18
Profit After Adjustments	38	23	21	45	43	33	97	40	97	163	248	299
Adjusted Earnings Per Share	0	0	0	0	0	0	0	0	46.1	77.2	117.6	141.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	44%	29%	17%	18%
Operating Profit CAGR	28%	20%	19%	15%
PAT CAGR	54%	84%	50%	21%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	61%	NA%	NA%	NA%
ROE Average	20%	16%	14%	10%
ROCE Average	22%	19%	17%	14%

Craftsman Automation Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	436	458	492	534	577	598	683	722	969	1136	1377
Minority's Interest	0	0	0	0	0	0	0	0	0	0	61
Borrowings	263	277	304	316	434	430	693	668	437	374	906
Other Non-Current Liabilities	49	55	54	49	30	33	127	148	161	187	220
Total Current Liabilities	365	468	527	571	774	882	822	770	785	978	1242
Total Liabilities	1113	1258	1377	1470	1815	1944	2325	2307	2352	2675	3807
Fixed Assets	794	864	935	991	1228	1260	1589	1546	1510	1544	2124
Other Non-Current Assets	30	55	88	65	42	87	128	135	68	102	195
Total Current Assets	289	339	355	414	545	597	609	627	773	1029	1488
Total Assets	1113	1258	1377	1470	1815	1944	2325	2307	2352	2675	3807

Craftsman Automation Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	20	12	7	17	17	24	36	19	60	31	29
Cash Flow from Operating Activities	81	176	224	143	235	273	360	306	362	327	608
Cash Flow from Investing Activities	-141	-168	-180	-139	-282	-222	-358	-138	-95	-209	-708
Cash Flow from Financing Activities	53	-13	-34	-4	70	-39	-18	-128	-296	-120	73
Net Cash Inflow / Outflow	-8	-5	10	-0	23	12	-17	40	-29	-2	-27
Closing Cash & Cash Equivalent	12	7	17	17	40	36	19	60	31	29	27

Craftsman Automation Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	0	0	0	48.39	0	46.1	77.22	117.61
CEPS(Rs)	52.97	51.87	57.59	72.82	77.69	1685.88	135.93	117.51	137.14	174.75	223.75
DPS(Rs)	0.5	0.5	0.5	0.5	0.5	0.5	2.5	0	0	3.75	11.25
Book NAV/Share(Rs)	0	0	0	0	0	0	339.56	0	459.01	537.76	651.94
Core EBITDA Margin(%)	24.87	23.52	21.85	22.7	18.8	18.28	24.32	26.62	28.04	24.07	21.48
EBIT Margin(%)	15.19	13.33	11.02	13.72	10.32	10.26	15.43	13.69	16.64	15.16	14.93
Pre Tax Margin(%)	7.99	6.05	3.61	5.62	2.91	3.05	7.7	3.74	9.53	11.35	11.15
PAT Margin (%)	5.67	3.36	2.39	4.52	3.5	2.19	5.36	2.68	6.23	7.36	7.89
Cash Profit Margin (%)	15.8	15.04	13.34	14.88	12.92	11.22	15.04	15.84	18.57	16.65	14.85
ROA(%)	3.73	1.97	1.58	3.13	2.58	1.76	4.56	1.73	4.17	6.49	7.74
ROE(%)	12.36	5.22	4.44	8.92	7.82	5.71	15.2	5.7	11.49	15.49	19.98
ROCE(%)	12.84	9.72	9.53	12.49	10.08	11.14	18.02	11.85	15.04	19.07	21.69
Receivable days	50.45	59.7	54.04	48.22	46.59	45.37	41.33	49.44	50.69	44.05	47.68
Inventory Days	72.15	64.71	57.69	61.12	61.52	63.56	62.62	79.35	85.55	84.96	83.86
Payable days	345.27	304.21	292.97	258.32	248.33	216.82	185.52	195.81	176.79	148.85	133.75
PER(x)	0	0	0	0	0	0	0	0	30.76	30.51	27.6
Price/Book(x)	0	0	0	0	0	0	0	0	3.09	4.38	4.98
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0.16	0.35
EV/Net Sales(x)	0.79	0.85	0.67	0.68	0.67	0.55	0.53	0.67	2.34	2.55	2.5
EV/Core EBITDA(x)	2.8	3.01	2.82	2.56	3.11	2.77	2.12	2.45	8.08	10.43	11.44
Net Sales Growth(%)	0	2.05	29.89	11.87	23.1	34.23	22.91	-17.91	4.52	42.12	43.55
EBIT Growth(%)	0	-9.75	3.51	41.21	-7.57	24.18	80.84	-27.14	27	29.47	41.34
PAT Growth(%)	0	-38.99	-10.93	114.36	-4.9	-21.75	193.72	-58.89	142.79	67.81	53.88
EPS Growth(%)	0	0	0	0	0	0	-85.32	0	131.82	67.51	52.3
Debt/Equity(x)	1.11	1.14	1.15	1.19	1.38	1.42	1.44	1.47	0.73	0.63	0.84
Current Ratio(x)	0.79	0.72	0.67	0.73	0.7	0.68	0.74	0.81	0.99	1.05	1.2
Quick Ratio(x)	0.47	0.45	0.39	0.41	0.41	0.34	0.35	0.39	0.47	0.41	0.52
Interest Cover(x)	2.11	1.83	1.49	1.69	1.39	1.42	2	1.38	2.34	3.98	3.95
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0.23	0.14	0.17

Craftsman Automation Shareholding Pattern

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	59.76	59.76	59.76	59.76	59.48	58.77	58.77	58.77	54.99	54.99
FII	3.71	3.73	3.7	3.55	3.91	4.26	9.33	8.79	12.1	12.68
DII	14.1	14.35	14.51	14.82	15.42	16.34	15.84	16.55	17.19	17.28
Public	22.43	22.16	22.03	21.87	21.19	20.63	16.06	15.88	15.72	15.05
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	1.26	1.26	1.26	1.26	1.26	1.24	1.24	1.24	1.16	1.16
FII	0.08	0.08	0.08	0.07	0.08	0.09	0.2	0.19	0.26	0.27
DII	0.3	0.3	0.31	0.31	0.33	0.35	0.33	0.35	0.36	0.37
Public	0.47	0.47	0.47	0.46	0.45	0.44	0.34	0.34	0.33	0.32
Others	0	0	0	0	0	0	0	0	0	0
Total	2.11	2.11	2.11	2.11	2.11	2.11	2.11	2.11	2.11	2.11

Pros

Company has delivered good profit growth of 50% CAGR over last 5 years
Debtor days have improved from 148.85 to 133.75days.
Company is almost debt free.

Cons

Stock is trading at 7.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.