Craftsman Automation Ltd - Stock Valuation and Financial Performance

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

Craftsman Automation Share Price

4,337.80 9.65 0.22%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Craftsman Automation

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Craftsman Automation stock performance -

mw4me loader
P/E Ratio (SA):
39.28
Market Cap:
9,131.1 Cr.
52-wk low:
3,000
52-wk high:
5,510

Is Craftsman Automation Ltd an attractive stock to invest in?

1. Is Craftsman Automation Ltd a good quality company?

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

2. Is Craftsman Automation Ltd 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.

3. Is Craftsman Automation Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Craftsman Automation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.1%7.9%8.2%8%7.1%11.5%8.3%9.7%12%15%-
Value Creation
Index
-0.6-0.4-0.4-0.4-0.5-0.2-0.4-0.3-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5997918831,0931,4711,8101,4831,5462,2062,9803,171
Sales YoY Gr.-32.2%11.6%23.7%34.6%23%-18%4.2%42.7%35.1%-
Adj EPS 10.91817.719.7243.944.719.742.173111.1110
YoY Gr.-64.5%-1.6%11.6%1137.9%-81.7%-56.1%114.1%73.4%52.3%-
BVPS (₹) 236.3250.1269.9289.16,133.6348.4363.7463.3540.8649.3715.1
Adj Net
Profit
2236.135.539.624.59039.588.9154235232
Cash Flow from Ops. 185222142231271336306356322566-
Debt/CF from Ops. 2.82.54.33.43.12.93.422.21.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.5%15.2%26.2%35.1%
Adj EPS 29.4%-14.6%78.1%52.3%
BVPS11.9%-36.2%21.3%20.1%
Share Price - - 42.7% 39.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.87.36.66.94.113.75.510.414.518.716.1
Op. Profit
Mgn %
2825.92521.218.722.926.62823.822.120.8
Net Profit
Mgn %
3.74.643.61.752.75.877.97.3
Debt to
Equity
1.11.11.11.31.41.41.40.70.60.7-
Working Cap
Days
18316115314914212715015814713668
Cash Conv.
Cycle
35201491318374648437

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.10%

Sales growth is growing at healthy rate in last 3 years 26.18%

Net Profit is growing at healthy rate in last 3 years 78.13%

Debt to equity has declined versus last 3 years average to 0.72

Sales growth is good in last 4 quarters at 11.62%

No data to display

Latest Financials - Craftsman Automation Ltd.

Standalone Consolidated
TTM EPS (₹) 110 151.4
TTM Sales (₹ Cr.) 3,171 4,327
BVPS (₹.) 715.1 759.1
Reserves (₹ Cr.) 1,500 1,593
P/BV 6.04 5.69
PE 39.28 28.55
From the Market
52 Week Low / High (₹) 3000.00 / 5510.00
All Time Low / High (₹) 1115.00 / 5510.00
Market Cap (₹ Cr.) 9,131
Equity (₹ Cr.) 10.6
Face Value (₹) 5
Industry PE 46.3

Management X-Ray of Craftsman Automation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Craftsman Automation

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5997918831,0931,4711,8101,4831,5462,2062,980
Operating Expenses 4355956628671,1961,3961,0921,1131,6822,321
Manufacturing Costs178240222273346423307274417538
Material Costs1281902623635526815686471,0061,461
Employee Cost 78102120145196178147130174209
Other Costs 52635885102114706284113
Operating Profit 164196221226275414391433525659
Operating Profit Margin (%) 27.4%24.8%25.0%20.7%18.7%22.9%26.4%28.0%23.8%22.1%
Other Income 1121112151313181412
Interest 5264809010913114911184117
Depreciation 7893101113136158196192206215
Exceptional Items 000000-6000
Profit Before Tax 454151354513854148248339
Tax 191111-71344175188102
Profit After Tax 2630404232943797160238
PAT Margin (%) 4.4%3.8%4.5%3.8%2.2%5.2%2.5%6.3%7.3%8.0%
Adjusted EPS (₹)13.115.019.920.8319.446.818.245.876.0112.6
Dividend Payout Ratio (%)2%2%1%1%3%5%0%0%5%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4755175575956177017329781,1421,371
Share Capital 6666101010111111
Reserves 4705115515896076917229681,1321,361
Minority Interest0000000000
Debt444463521658702828913595567909
Long Term Debt277304316434430693668437374778
Short Term Debt167159205224272135244158193130
Trade Payables137175201298363331283352465566
Others Liabilities 214247212282281389392436509484
Total Liabilities 1,2701,4011,4911,8331,9632,2492,3202,3622,6843,329

Fixed Assets

Gross Block1,0001,1611,3141,6541,5911,9812,2072,3672,5992,828
Accumulated Depreciation1402283244273324916618561,0551,203
Net Fixed Assets8619339901,2271,2591,4911,5461,5111,5441,626
CWIP 13544011249189324282
Investments 15151211119262828403
Inventories110137171216291312314398621661
Trade Receivables132133139178204211194235294369
Cash Equivalents 6151537462570423735
Others Assets13411512415312811182116118155
Total Assets 1,2701,4011,4911,8331,9632,2492,3202,3622,6843,329

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 185222142231271336306356322566
PBT 454151354513854148248339
Adjustment 124165174198233254317266263306
Changes in Working Capital 2625-68127-31-43-35-152-8
Tax Paid -11-9-15-14-15-25-21-23-37-71
Cash Flow From Investing Activity -174-178-138-279-221-355-138-92-206-705
Capex -167-181-139-283-223-360-139-96-210-336
Net Investments 0000-10000-375
Others -8314362446
Cash Flow From Financing Activity -13-34-470-393-128-296-120131
Net Proceeds from Shares 000000014600
Net Proceeds from Borrowing 35342114221268-77-239-34328
Interest Paid -52-59-71-90-107-122-138-109-77-99
Dividend Paid -1-1-1-1-1-1-600-8
Others 4-8471848-14193-94-9-90
Net Cash Flow -31002211-1540-32-4-8
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.696.187.667.435.3614.295.1211.3215.1318.92
ROCE (%)10.0610.2511.829.8710.9217.0811.6914.9718.821.62
Asset Turnover Ratio0.570.640.670.720.790.860.650.660.870.99
PAT to CFO Conversion(x)7.127.43.555.58.473.578.273.672.012.38
Working Capital Days
Receivable Days63565148464250514441
Inventory Days58525859616177848478
Payable Days320300262251219186197179148129

Craftsman Automation Ltd Stock News

Craftsman Automation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Craftsman Automation on 28-Mar-2024 16:01 is ₹4,337.8.
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 28-Mar-2024 16:01 the market cap of Craftsman Automation stood at ₹9,131.1.
The latest P/E ratio of Craftsman Automation as of 28-Mar-2024 16:01 is 39.28.
The latest P/B ratio of Craftsman Automation as of 28-Mar-2024 16:01 is 6.04.
The 52-week high of Craftsman Automation is ₹5,510 and the 52-week low is ₹3,000.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Craftsman Automation is ₹3,171 ( 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.
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