Moneycontrol PRO
HomeNewsBusinessStocksBuy Craftsman Automation; target of Rs 5082: LKP Research

Buy Craftsman Automation; target of Rs 5082: LKP Research

LKP Research is bullish on Craftsman Automation has recommended buy rating on the stock with a target price of Rs 5082 in its research report dated April 30, 2024.

May 02, 2024 / 12:42 IST
Buy
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    LKP Research's research report on Craftsman Automation

    Craftsman Automation Ltd (CAL) reported consol revenues of ₹11 bn v/s ₹9.8 bn, a growth of 13% yoy and a fall of 2.2% qoq. The results were subdued due to weak performance by the Powertrain business. EBITDA increased by 10% yoy and fell by 6% qoq. Margins declined by 80 bps qoq and 50 bps yoy on weak margins at Powertrain business and Industrial segment. PAT declined by 12%/13.6% yoy and qoq respectively due to underperformance at the operating level. In FY24, revenues/EBITDA/PAT grew by 40%/29%/34% respectively.

    Outlook

    We estimate the consolidated revenues/EBITDA/PAT to grow at a CAGR of 21%/21%/25% in the period between FY23-26E. We therefore reiterate a BUY on the stock its attractive valuations (19.2x FY 26E earnings). We value the stock at 22x with a target price of ₹5,055.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Craftsman Automation - 02052024 - ac

    Broker Research
    first published: May 2, 2024 12:42 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347