Craftsman Automation shares: Purchase Craftsman Automation, goal worth Rs 3891: Anand Rathi

Anand Rati has a purchase name with a goal worth of Rs 3,891. The present marketplace worth of Craftsman Automation is Rs 3304.95.

Craftsman Automation, included in 1986, is a small cap corporate (marketplace cap Rs. 6985.02 crore) working within the automobile aids sector.

Craftsman Automation’s key product/earnings segments come with engineering, provider gross sales and different working source of revenue for the 12 months ended March 31, 2021.

For the quarter ended December 31, 2022, the corporate reported a consolidated general benefit of Rs 753.64 crore, down 3.13% from the former quarter of Rs 777.98 crore, and Rs 35.54 % greater than closing 12 months. The full benefit for a similar quarter was once Rs 556.04. crore. The corporate reported a web benefit after tax of Rs 51.40 crore in the newest quarter.

The senior control of the corporate contains Mr. Srinivasan Ravi, Mr. Ravi Gautamram, Mr. Chandrashekhar Madhukar Bhide, Mr. Sundararaman Kalyanaraman, Ms. Vijaya Sampath, Mr. Tamraparni Srinivasan Venkata Rajagopal. The corporate’s auditors are Sharp & Tannan. As of December 31, 2022, the corporate has 2 crores of stocks remarkable.

Rationale for funding For Craftsman Automation, the spotlight of the quarter was once sturdy annual expansion throughout divisions. Worth addition within the powertrain and aluminum segments has held up in share phrases, and the brokerage expects the momentum to proceed within the close to time period. Call for for M&HCV is cast, PVs had been excellent whilst 2W has been cool because the competition season however is anticipated to dance again in the longer term.

(Disclaimer: The suggestions on this phase, or any stories hooked up to it, are ready through a 3rd celebration. Reviews expressed are the ones of the respective authors/organizations. They don’t constitute the perspectives of the Financial Instances (ET). ET does no longer ensure, warrants for, endorses any of its contents and hereby disclaims all warranties, specific or implied, in relation to the similar. Please seek the advice of your monetary consultant and search impartial recommendation.

Leave a Reply

Your email address will not be published. Required fields are marked *