Craftsman Automation IPO: Dolat Capital Report
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Dolat Capital Report
Craftsman Automation Ltd. is present across the entire value chain in the automotive-aluminum products segment, providing diverse products and solutions.
It is the largest player involved in the machining of cylinder blocks and cylinder heads for the medium and heavy commercial vehicle segment.
The company’s business can be categorized in three segments -
1. Powertrain and other products for the automotive segment
2. Aluminum products for the automotive segment and
3. Industrial and engineering products segment.
We see sharp earning growth ahead led by -
- Sharp recovery in the M&HCV segment,
- increased shift towards the use of casting parts of lightweight aluminum and
- fall in interest cost due to deleveraging balance sheet.
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