Moneycontrol PRO

The way forward for Craftsman Automation, post listing

It is among the three-four component players, providing machining of cylinder blocks for the tractor segment in India.

March 26, 2021 / 10:12 AM IST
The way forward for Craftsman Automation, post listing

The government’s thrust on electric vehicles (EVs) is expected to increase aluminium content

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

Nitin Agrawal Moneycontrol Research Highlights Multiple growth drivers Strong financial performance Best operating margin in the industry on the back of domain expertise Good addition for the long term Craftsman’s (CMP: Rs 1,415, M Cap: Rs 2,989 crore) IPO was oversubscribed 3.82 times, leading to a higher probability of getting an allocation. The not-so-good oversubscription was mainly due to the coming up of five IPOs during the same week. The share got listed on the bourses at Rs 1,359 --- at an 8 per cent discount to...

  • PRO Panorama

    Moneycontrol Pro Panorama | Jay Powell plays Santa for the markets

    Dec 1, 2022 / 03:36 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Oil market is likely to be volatile in 2023, unlocking state economic activity, crypto awareness has served India well, Gujarat contest crucial for AAP, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Outrunning the bear

    Nov 5, 2022 / 01:07 PM IST

    As the economies try their best to ward off a hard landing, India comes out as an outlier. It’s a classic case of just staying the course amid difficult times

    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