Is Craftsman Automation a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Craftsman Automation Ltd is a average quality company .

Is Craftsman Automation undervalued or overvalued?

The key valuation ratios of Craftsman Automation Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Craftsman Automation share price return in the past 10 years?

Data is not available for this company

Is Craftsman Automation a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Craftsman Automation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Craftsman Automation Ltd - Stock Valuation and Financial Performance

Name: Craftsman Automation
Brand: Craftsman Automation

BSE: 543276 | NSE: CRAFTSMAN | Auto Ancillary | Small Cap

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Craftsman Automation Share Price

₹4,970.55 -36.85 -0.74%
as on 05-Nov'24 13:41

10 Year X-Ray of Craftsman Automation:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10.3%	11.8%	9.9%	10.9%	17.1%	11.7%	15%	18.8%	21.6%	15.8%	-
Value Creation Index ⓘ	-0.2	-0.1	-0.3	-0.2	0.2	-0.2	0.1	0.3	0.6	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	791	883	1,093	1,471	1,810	1,483	1,546	2,206	2,980	3,208	3,395
Sales YoY Gr.	-	11.6%	23.7%	34.6%	23%	-18%	4.2%	42.7%	35.1%	7.6%	-
Adj EPS ⓘ	18	17.7	19.7	243.9	44.7	19.7	42.1	73	111.1	90.2	59.4
YoY Gr.	-	-1.6%	11.6%	1137.9%	-81.7%	-56.1%	114.1%	73.4%	52.3%	-18.8%	-
BVPS (₹) ⓘ	250.1	269.9	289.1	6,133.6	348.4	363.7	463.3	540.8	649.3	732	1,160.1
Adj Net Profit ⓘ	36.1	35.5	39.6	24.5	90	39.5	88.9	154	235	191	142
Cash Flow from Ops. ⓘ	222	142	231	271	336	306	356	322	566	397	-
Debt/CF from Ops. ⓘ	2.5	4.3	3.4	3.1	2.9	3.4	2	2.2	1.8	3.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.8%	12.1%	27.5%	7.6%
Adj EPS ⓘ	19.7%	15.1%	29%	-18.8%
BVPSⓘ	12.7%	16%	16.5%	12.7%
Share Price	-	-	24%	1.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	7.3	6.6	6.9	4.1	13.7	5.5	10.4	14.5	18.7	13.1	6.3
Op. Profit Mgn % ⓘ	25.9	25	21.2	18.7	22.9	26.6	28	23.8	22.1	20	17.2
Net Profit Mgn % ⓘ	4.6	4	3.6	1.7	5	2.7	5.8	7	7.9	5.9	4.2
Debt to Equity ⓘ	1.1	1.1	1.3	1.4	1.4	1.4	0.7	0.6	0.7	0.9	0.4
Working Cap Days ⓘ	161	153	149	142	127	150	158	147	136	152	88
Cash Conv. Cycle ⓘ	20	14	9	13	18	37	46	48	43	47	13

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.54%

Net Profit is growing at healthy rate in last 3 years 28.95%

Debt to equity has declined versus last 3 years average to 0.91

Return on Equity has declined versus last 3 years average to 6.30%

Sales growth is not so good in last 4 quarters at 9.08%

Latest Financials - Craftsman Automation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	59.4	104.9
TTM Sales (₹ Cr.)	3,395	4,600
BVPS (₹.) ⓘ	1,160.1	1,167.1
Reserves (₹ Cr.) ⓘ	2,756	2,772
P/BV ⓘ	4.32	4.29
PE ⓘ	84.31	47.72

From the Market
52 Week Low / High (₹)	3782.05 / 7107.15
All Time Low / High (₹)	1115.00 / 7107.15
Market Cap (₹ Cr.)	11,946
Equity (₹ Cr.)	11.9
Face Value (₹)	5
Industry PE ⓘ	53.8

Management X-Ray of Craftsman Automation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Craftsman Automation

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Craftsman Automation

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	791	883	1,093	1,471	1,810	1,483	1,546	2,206	2,980	3,208
Operating Expenses ⓘ	595	662	867	1,196	1,396	1,092	1,113	1,682	2,321	2,567
Manufacturing Costs	240	222	273	346	423	307	274	417	538	643
Material Costs	190	262	363	552	681	568	647	1,006	1,461	1,564
Employee Cost	102	120	145	196	178	147	130	174	209	234
Other Costs ⓘ	63	58	85	102	114	70	62	84	113	126
Operating Profit ⓘ	196	221	226	275	414	391	433	525	659	641
Operating Profit Margin (%)	24.8%	25.0%	20.7%	18.7%	22.9%	26.4%	28.0%	23.8%	22.1%	20.0%
Other Income ⓘ	2	11	12	15	13	13	18	14	12	16
Interest ⓘ	64	80	90	109	131	149	111	84	117	155
Depreciation ⓘ	93	101	113	136	158	196	192	206	215	236
Exceptional Items ⓘ	0	0	0	0	0	-6	0	0	0	0
Profit Before Tax ⓘ	41	51	35	45	138	54	148	248	339	266
Tax ⓘ	11	11	-7	13	44	17	51	88	102	68
Profit After Tax	30	40	42	32	94	37	97	160	238	198
PAT Margin (%)	3.8%	4.5%	3.8%	2.2%	5.2%	2.5%	6.3%	7.3%	8.0%	6.2%
Adjusted EPS (₹)	15.0	19.9	20.8	319.4	46.8	18.2	45.8	76.0	112.6	93.6
Dividend Payout Ratio (%)	2%	1%	1%	3%	5%	0%	0%	5%	10%	12%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	517	557	595	617	701	732	978	1,142	1,371	1,546
Share Capital ⓘ	6	6	6	10	10	10	11	11	11	11
Reserves ⓘ	511	551	589	607	691	722	968	1,132	1,361	1,535
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	463	521	658	702	828	913	595	567	909	1,299
Long Term Debt	304	316	434	430	693	668	437	374	778	1,019
Short Term Debt	159	205	224	272	135	244	158	193	130	280
Trade Payables	175	201	298	363	331	283	352	465	566	667
Others Liabilities ⓘ	247	212	282	281	389	392	436	509	484	667
Total Liabilities ⓘ	1,401	1,491	1,833	1,963	2,249	2,320	2,362	2,684	3,329	4,179
Fixed Assets
Gross Block	1,161	1,314	1,654	1,591	1,981	2,207	2,367	2,599	2,810	3,483
Accumulated Depreciation	228	324	427	332	491	661	856	1,055	1,185	1,398
Net Fixed Assetsⓘ	933	990	1,227	1,259	1,491	1,546	1,511	1,544	1,626	2,085
CWIP ⓘ	54	40	11	24	91	89	32	42	82	165
Investmentsⓘ	15	12	11	11	9	26	28	28	403	403
Inventories	137	171	216	291	312	314	398	621	661	839
Trade Receivables	133	139	178	204	211	194	235	294	369	405
Cash Equivalents	15	15	37	46	25	70	42	37	35	44
Others Assetsⓘ	115	124	153	128	111	82	116	118	155	240
Total Assets ⓘ	1,401	1,491	1,833	1,963	2,249	2,320	2,362	2,684	3,329	4,179

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	222	142	231	271	336	306	356	322	566	397
PBT ⓘ	41	51	35	45	138	54	148	248	339	266
Adjustment ⓘ	165	174	198	233	254	317	266	263	306	350
Changes in Working Capital ⓘ	25	-68	12	7	-31	-43	-35	-152	-8	-115
Tax Paid ⓘ	-9	-15	-14	-15	-25	-21	-23	-37	-71	-104
Cash Flow From Investing Activity ⓘ	-178	-138	-279	-221	-355	-138	-92	-206	-705	-573
Capex	-181	-139	-283	-223	-360	-139	-96	-210	-336	-575
Net Investments	0	0	0	-1	0	0	0	0	-375	0
Others ⓘ	3	1	4	3	6	2	4	4	6	2
Cash Flow From Financing Activityⓘ	-34	-4	70	-39	3	-128	-296	-120	131	186
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	146	0	0	0
Net Proceeds from Borrowing ⓘ	34	21	142	21	268	-77	-239	-34	328	261
Interest Paid ⓘ	-59	-71	-90	-107	-122	-138	-109	-77	-99	-152
Dividend Paid ⓘ	-1	-1	-1	-1	-1	-6	0	0	-8	-24
Others ⓘ	-8	47	18	48	-141	93	-94	-9	-90	100
Net Cash Flow ⓘ	10	0	22	11	-15	40	-32	-4	-8	9

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	6.18	7.66	7.43	5.36	14.29	5.12	11.32	15.13	18.92	13.55
ROCE (%)	10.25	11.82	9.87	10.92	17.08	11.69	14.97	18.8	21.62	15.82
Asset Turnover Ratio	0.64	0.67	0.72	0.79	0.86	0.65	0.66	0.87	0.99	0.85
PAT to CFO Conversion(x)	7.4	3.55	5.5	8.47	3.57	8.27	3.67	2.01	2.38	2.01
Working Capital Days
Receivable Days	56	51	48	46	42	50	51	44	41	44
Inventory Days	52	58	59	61	61	77	84	84	78	85
Payable Days	300	262	251	219	186	197	179	148	129	144

Craftsman Automation Ltd Stock News

Craftsman Automation Ltd FAQs

What is the share price of Craftsman Automation?

Company share prices are keep on changing according to the market conditions. The closing price of Craftsman Automation on 05-Nov-2024 13:41 is ₹4,970.6.

What is the market cap of Craftsman Automation?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 13:41 the market cap of Craftsman Automation stood at ₹11,946.

What is the P/E ratio of Craftsman Automation?

The latest P/E ratio of Craftsman Automation as of 05-Nov-2024 13:41 is 84.31.

What is the P/B ratio of Craftsman Automation?

The latest P/B ratio of Craftsman Automation as of 05-Nov-2024 13:41 is 4.32.

What is the 52-week high and low of Craftsman Automation?

The 52-week high of Craftsman Automation is ₹7,107.2 and the 52-week low is ₹3,782.1.

What is the TTM revenue of Craftsman Automation?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Craftsman Automation is ₹3,395 ( Cr.) .

About Craftsman Automation Ltd

Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment (Automotive -Powertrain and Others), aluminium products for the automotive segment (Automotive - Aluminium Products), and industrial and engineering products segment (Industrial and Engineering). It is the largest player involved 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 machining of cylinder block 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’s comprehensive solutions include design, process engineering and manufacturing including foundry, heat treatment, fabrication, machining and assembly facilities. Its core competence in machining and assembly of industrial and engineering products has helped it to first establish itself as a significant player in the Automotive - Powertrain and Others segment. Its key products in this segment are highly engineered and include engine parts such as cylinder blocks and cylinder heads, camshafts, transmission parts, gear box housings, turbo chargers and bearing caps. The end users for its products include OEMs producing commercial vehicles, special utility vehicle, tractors and off-highway vehicles. Additionally, it also provides machining services within its Automotive - Powertrain and Others segment. Over the years, it has been instrumental in import substitution for critical powertrain parts.

Business area of the company

The company is a diversified engineering company engaged in: (a) Automotive - Powertrain and Others, (b) Automotive - Aluminium Products, and (c) Industrial and Engineering segments.

Major events in the history of company

1986: The company was incorporated as Craftsman Automation Private Limited.
2001: Commissioned aluminium foundry unit at Kurichi, Coimbatore.
2005: Commissioned a satellite unit in Pithampur.
2005: Obtained ISO 9001: 2000 and ISO/TS 16949:2002 registration certification.
2007: Commissioned satellite unit in Chennai and Jamshedpur.
2007: Commenced joint ventures with Carl Stahl and Mitsubishi.
2007: Obtained ‘Star Export House’ registration certificate.
2008: Incorporated its Subsidiaries i.e. Craftsman Europe B.V. (formerly known as Craftsman Marine B.V.) and Craftsman Automation Singapore Pte. Ltd.
2010: Commissioned satellite units Sriperumpudur near Chennai.
2011: Commissioned satellite units in Pune and Faridabad.
2012: Set up storage solutions in Arasur, Coimbatore.
2014: Commissioned second satellite unit in Pune.
2015: Set up technology division in Bengaluru.
2015: Commissioned aluminium sand foundry, HPDC and LPDC in Arasur, Coimbatore.
2016: Commissioned railway and camshaft business in Arasur, Coimbatore.
2016: Commissioned HPDC facility at Bengaluru.
2017: Commissioned machining services in Bengaluru.
2018: The company was converted into public limited company and the name of the Company was changed to “Craftsman Automation Limited”.
2019: Commissioned third satellite unit in Pune and second satellite units in Bengaluru and Faridabad.
2019: Malumichampatti unit-5 shifted to Arasur unit-3.
2020: Initiated winding up process of company’s Subsidiary, Craftsman Automation Singapore Pte. Ltd.

Awards and Accreditations:

2005: Received the “Star Performer Award” in bearings, gears, gearing and driving elements & parts (medium enterprise) from EEPC India.
2009: Received “Star Performer Award” in bearings, gears, gearing and driving elements & parts (large enterprise) from EEPC India.
2011: Received “Star Performer Award” for miscellaneous general purpose machinery (large enterprise) from EEPC India.
2011: Received “Best Quality Performance Award (Auto Division)” from Mahindra & Mahindra Limited.
2011: Received “Certificate of Recognition for Quality” from GE.
2012: Received “Sanjeevani Award in Farm Division” from Mahindra & Mahindra Limited.
2012: Received “Excellent Supplier Award” from Mitsubishi Heavy Industries Printing & Packaging Machinery Limited.
2013: Received “President Award in Auto Division” from Mahindra & Mahindra Limited.
2014: Received “Certificate of Excellence” for “Best Supplier - Quality 2013” by GE.
2016: Received “Supply Chain Transformation Award” by Cummins.
2017: Received “Certificate of Appreciation” for outstanding support as strategic supplier partner from GE Energy Connections.
2017: Received “India Direct Supplier of the Year Award” from Cummins.
2017: Received “Recognition for long-standing association” by Royal Enfield.
2018: Received “Appreciation for Best Overall Performance Award” by Siemens.
2019: Received “Award for Quality” from Tata Motors at Annual Supplier Conference 2018.
2019: Received “Award for Best Quality” from Escorts group at Suppliers Meet 2018.
2019: Received “Recognition of Supply Chain Partnership” by Royal Enfield at Supplier Meet 2018.
2019: Received “Certificate of Appreciation” for persistent efforts in maintaining higher levels of capability and performance and being in Quad A for quarter 3 of Fiscal 2019 by Ashok Leyland.
2020: Received “Best Product Development Performance - Furio” at Mahindra Supplier Excellence Awards.
2020: Received “Quality Excellence Award” at TATA Motors Annual Supplier Conference 2019.
2020: Received “Quality Excellence Award” at GE India Supplier Conference.
2020: Received “Annual Supplier Conference Award” by JCB.
2020: Received recognition award from the Principal Commissioner of GST & Central Excise Coimbatore.
2021: Received “Certificate of Appreciation” from Siemens for zero defect quality culture and qualification for “Gold” category for performance in Fiscal 2020.