This small-cap company touched a fresh 52-week high on July 26

This small-cap company touched a fresh 52-week high on July 26

Indian Market
by 5paisa Research Team Last Updated: 2022-07-26T11:05:02+05:30

The stock is up by 1.39% in a bearish market.

Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, viz. powertrain, and other products for the automotive segment, aluminium products for the automotive segment, and industrial and engineering products segment.

It is a major player in the machining of cylinder blocks and cylinder heads in the intermediate, medium, and heavy commercial vehicles segment as well as in the construction equipment industry in India. It is among the top three-four component players with respect to the machining of cylinder blocks for the tractor segment in India.

It is present across the entire value chain in the Automotive-Aluminium Products segment, providing diverse products and solutions. Its strong in-house engineering and design capabilities help it offer comprehensive solutions and products to its long-standing domestic and international customers in each of the segments in which it operates.

The company posted robust Q1FY23 results:

For the June quarter, the company reported net sales at Rs 676.96 crore, an increase of 55.56% from Rs. 435.91 crore reported in the same quarter the previous year. The net profit was at Rs 56.59 crore in the current quarter a surge of 135.60% from Rs 24.02 crore reported in the same quarter the previous year. The EBITDA stood at Rs. 164.68 crore in this quarter, up 52.85% from Rs 107.74 crore reported in the same quarter the previous year.

On the valuations front, the company is trading at a TTM PE of 28.91x against the industry PE of 20.07x. In FY22, Craftsman Automation delivered ROE and ROCE of 15.13% and 18.80%, respectively.

On 26 July 2022, as the market is bearish, the stock hit a fresh 52-week high of Rs 2776.65. The stock has a 52-week low of Rs 1822. At 10:55 am, the stock is up by 1.39%, and the scrip is trading at Rs 2680.60


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