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Craftsman Automation IPO: Is this fundamentally strong company good to ride on?

Though the Craftsman Automation IPO has been priced at fair value, we advise investors to subscribe for the long term, given the leadership stature, promising outlook and strong operating performance

March 15, 2021 / 04:44 PM IST
Craftsman Automation IPO: Is this fundamentally strong company good to ride on?

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), the largest player in the machining of cylinder blocks and cylinder heads used in the commercial vehicle (CV) segment, is coming up with an initial public offer (IPO). It is coming at a time when the CV industry is witnessing multiple tailwinds, post COVID-led disruptions. Though the IPO has been priced at fair value, we advise investors to subscribe for the long term, given the leadership stature, promising outlook and strong operating performance. Salient features of the...

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