Craftsman Automation IPO - ICICI Direct’s Investment Rationale
Welding & fabrication facility at Craftsmen Automoation Ltd. (Image: Company website)

Craftsman Automation IPO - ICICI Direct’s Investment Rationale

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Craftsman Automation, founded in 1986, is a Coimbatore, Tamil Nadu, based, diversified engineering company involved in manufacturing key components for automobile and industrial sectors.

It owns and operates 12 plants pan India, strategically located close to its customers. The company is promoted by first generation entrepreneur Srinivasan Ravi, a technocrat.

As of FY20, its sales were at Rs 1,492 crore with Ebitda at Rs 398 crore (margins of 27%) and profit after tax at Rs 41 crore.

Its sales can be subdivided into three main segments -

  1. automotive: powertrain and others
  2. automotive: aluminium products and
  3. industrial and engineering.

Click on the attachment to read the full report:

ICICI Direct Craftsman Automation IPO Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.