has buy call on with a target price of Rs 3333. The current market price of Craftsman Automation is Rs 2851.9. Time period given by analyst is one year when Craftsman Automation Ltd. price can reach defined target.
Craftsman Automation Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 5996.74 Crore) operating in Auto Ancillaries sector.
Craftsman Automation Ltd. key Products/Revenue Segments include Engineering, Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 678.27 Crore, up 2.63 % from last quarter Total Income of Rs 660.90 Crore and up 55.63 % from last year same quarter Total Income of Rs 435.83 Crore. Company reported net profit after tax of Rs 56.59 Crore in latest quarter.
Investment Rationale
CAL is expanding its business at a manageable capex of just ₹2.75 bn maintaining its low D/E of just 0.58x. CAL has met target and we have seen both DII & FII add the stock during the quarter. It expects the valuation multiples to expand given the exciting growth prospects going forward. It therefore value CAL at 17x FY24E earnings as it currently trades at 14.3x. Maintain BUY with a target of ₹3,333.
Promoter/FII Holdings
Promoters held 117.54 per cent stake in the company as of 30-Sep-2022, while FIIs owned 3.91 per cent, DIIs 32.68 per cent.
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