Moneycontrol PRO

Craftsman Automation: Decent Q1 FY22, a play on economic recovery

Craftsman Automation's leadership position in its segments, coupled with encouraging CV segment demand outlook, make us upbeat about the company

July 19, 2021 / 10:57 AM IST
Craftsman Automation: Decent Q1 FY22, a play on economic recovery

Craftsman Automation | The company terminated joint venture agreement with Mitsubishi Corporation Tokyo, MC Machinery Systems Inc USA, Mitsubishi Corporation India, and Mitsubishi Corporation Technos Japan. The company reported consolidated profit at Rs 24.07 crore in Q1FY22 against loss of Rs 16.23 crore in Q1FY21, revenue climbed to Rs 435.19 crore from Rs 163 crore YoY.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Craftsman Automation Ltd (CAL; CMP: Rs 2087.9; M Cap: Rs 4,410 crore), the largest player in the machining of cylinder blocks and cylinder heads, used in the commercial vehicle (CV) segment, has posted a decent set of numbers for the first quarter of FY22. Though the impact of the second wave of COVID-19 is clearly visible in the Q1FY22 numbers, the company offers significant growth opportunities, going forward. Its leadership position in its segments, coupled with encouraging CV segment demand outlook,...

  • PRO Panorama

    Moneycontrol Pro Panorama | India an outlier amid global growth pangs

    Sep 28, 2021 / 04:34 PM IST

    In today’s edition of Moneycontrol Pro Panorama: How hot is India’s job market, Dabur and Marico cross swords, the Green Pivot, GuruSpeak, Chart of the Day and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Perfect storm over China

    Sep 18, 2021 / 10:34 AM IST

    From the Evergrande debt crisis to a slowing growth rate to the crackdown on technology companies to the growing confrontation with the West, the cup of woes is spilling over for China

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers