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With a strong market presence in its targeted segments, CAL is poised to benefit from the expected positive trends in commercial vehicle demand
Net Sales are expected to increase by 21.8 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs 1,194.4 crore, according to Motilal Oswal.
With the automotive industry moving towards advanced emission standards, there is an anticipated rise in aluminum usage per vehicle. Shift towards EVs is another positive
There are multiple factors which should fuel the growth of this auto ancillary
As the automotive industry shifts to advanced emission standards, aluminium content per vehicle is expected to rise significantly. This is one big positive for Craftsman Automation, going ahead.
Net Sales are expected to increase by 21 percent Y-o-Y (up 5.9 percent Q-o-Q) to Rs. 791.5 crore, according to Motilal Oswal.
Craftsman Automation's leadership position in its segments, coupled with encouraging CV segment demand outlook, make us upbeat about the company
It is among the three-four component players, providing machining of cylinder blocks for the tractor segment in India.