Craftsman Automation Ltd

Craftsman Automation Ltd

₹ 4,348 -0.05%
23 Feb - close price
About

Craftsman Automation started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields.
The co. manufactures several components and sub-assemblies on a supply and job-work basis according to client specifications in the automotive, industrial, and engineering segments. Headquartered in Coimbatore with 12 plants including 10 satellite units across India. [1]
[2]

Key Points

Market Position
Co. is the Largest player in machining of cylinder blocks and cylinder heads in the intermediate, M&HCV segment as well as in the construction equipment category[1]

  • Market Cap 9,201 Cr.
  • Current Price 4,348
  • High / Low 5,514 / 2,699
  • Stock P/E 28.8
  • Book Value 721
  • Dividend Yield 0.26 %
  • ROCE 20.6 %
  • ROE 19.8 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 51.1% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last 3 years: -8.41%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
489 537 435 571 554 657 677 776 749 980 1,038 1,179 1,130
348 386 327 427 426 502 512 604 591 792 823 942 910
Operating Profit 141 151 108 144 128 155 165 172 158 188 214 238 220
OPM % 29% 28% 25% 25% 23% 24% 24% 22% 21% 19% 21% 20% 19%
4 3 1 1 2 4 1 2 5 5 4 5 4
Interest 26 30 22 18 20 24 25 23 30 42 42 42 44
Depreciation 55 50 49 50 52 54 53 55 54 60 68 67 70
Profit before tax 65 74 37 77 58 81 87 96 80 92 107 134 109
Tax % 33% 36% 34% 35% 35% 37% 35% 35% 35% 12% 25% 22% 26%
43 47 24 50 38 51 57 62 52 80 81 104 81
EPS in Rs 21.61 22.38 11.39 23.65 17.80 24.36 26.81 29.57 24.43 36.76 35.25 44.75 34.61
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,102 1,479 1,818 1,492 1,560 2,217 3,183 4,327
874 1,185 1,375 1,095 1,122 1,683 2,499 3,466
Operating Profit 228 294 443 398 438 534 684 860
OPM % 21% 20% 24% 27% 28% 24% 21% 20%
11 12 14 3 10 8 13 17
Interest 90 112 141 149 107 84 120 170
Depreciation 113 149 176 196 192 206 222 265
Profit before tax 37 44 140 56 149 252 355 442
Tax % -117% 28% 30% 28% 35% 35% 29%
80 32 97 40 97 163 251 347
EPS in Rs 1,387.02 313.39 48.39 19.88 46.08 77.19 117.56 151.37
Dividend Payout % 0% 3% 5% 0% 0% 5% 10%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 29%
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: 51%
3 Years: 78%
TTM: 44%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 16%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 10 10 10 11 11 11 11
Reserves 566 587 673 712 959 1,125 1,366 1,512
777 847 985 1,058 806 800 1,240 1,503
469 556 657 527 576 739 1,190 1,222
Total Liabilities 1,818 1,999 2,325 2,307 2,352 2,675 3,807 4,247
1,228 1,323 1,589 1,546 1,510 1,544 2,124 2,276
CWIP 11 24 91 89 32 42 97 154
Investments 3 4 4 3 2 3 3 4
576 648 642 669 807 1,086 1,583 1,813
Total Assets 1,818 1,999 2,325 2,307 2,352 2,675 3,807 4,247

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
257 283 360 306 362 327 608
-319 -210 -359 -138 -95 -209 -683
78 -60 -18 -128 -296 -120 73
Net Cash Flow 16 12 -17 40 -28 -2 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 57 50 42 48 56 49 61
Inventory Days 217 168 203 222 221 187
Days Payable 285 172 175 193 163 155
Cash Conversion Cycle -11 50 38 75 85 107 94
Working Capital Days 22 20 10 43 53 60 52
ROCE % 11% 18% 12% 14% 18% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
59.76% 59.76% 59.76% 59.76% 59.76% 59.48% 58.77% 58.77% 58.77% 54.99% 54.99% 54.99%
3.83% 3.71% 3.73% 3.70% 3.55% 3.91% 4.26% 9.33% 8.79% 12.10% 12.68% 12.52%
12.52% 14.10% 14.35% 14.50% 14.82% 15.41% 16.34% 15.84% 16.55% 17.20% 17.28% 17.23%
23.89% 22.43% 22.16% 22.03% 21.87% 21.19% 20.60% 16.04% 15.87% 15.72% 15.04% 15.26%
No. of Shareholders 1,35,58178,70667,64163,38860,14065,90369,76379,03276,21476,64179,17682,695

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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