CRAFTSMAN AUTOMATION READY TO CRAFT SOME QUICK RETURNS
Updated
The stock has been forming an cup and handle pattern on the daily timeframe , it faced severe drawbacks many times but the stock stayed resilient and made a quick comeback
the company is the Largest player in machining of cylinder blocks and cylinder heads in the intermediate, M&HCV segment as well as in the construction equipment category
Manufacturing Facilities - Co. has 12 manufacturing facilities located at Coimbatore, Chennai, Bangalore, Pune, Indore, Faridabad, and Jamshedpur with a total built-up area of 1.6+ Million Sq.ft.
Client Concentration (FY23)
Top 10 customers contributed 58% of revenue.
Geographical Split (FY23)
Domestic: 92% & International: 8%
Automotive segment Revenue Mix - Industry-wise - FY23 [10]
CV - 55%
Off-Highway - 20%
Tractors - 15%
SUV - 10%
Capex
Co. did a capex of 309 Crs in FY23 to enhance
technological upgradation and regular maintenance work.
Co. incurred capex of Rs.1200 crore between fiscals 2017-20
The fundamentals of the stock are also quite promising as indicated in the chart the FIIs and DIIs holding have increased over the period of three years also profitability seems very extraordinary
The Secular trend also looks quite optimistic and the targets are
6551 - TARGET 1( 3-4 WEEKS)
7085 - TARGET 2(10-12 WEEKS)
STOPLOSS- 5439
the company is the Largest player in machining of cylinder blocks and cylinder heads in the intermediate, M&HCV segment as well as in the construction equipment category
Manufacturing Facilities - Co. has 12 manufacturing facilities located at Coimbatore, Chennai, Bangalore, Pune, Indore, Faridabad, and Jamshedpur with a total built-up area of 1.6+ Million Sq.ft.
Client Concentration (FY23)
Top 10 customers contributed 58% of revenue.
Geographical Split (FY23)
Domestic: 92% & International: 8%
Automotive segment Revenue Mix - Industry-wise - FY23 [10]
CV - 55%
Off-Highway - 20%
Tractors - 15%
SUV - 10%
Capex
Co. did a capex of 309 Crs in FY23 to enhance
technological upgradation and regular maintenance work.
Co. incurred capex of Rs.1200 crore between fiscals 2017-20
The fundamentals of the stock are also quite promising as indicated in the chart the FIIs and DIIs holding have increased over the period of three years also profitability seems very extraordinary
The Secular trend also looks quite optimistic and the targets are
6551 - TARGET 1( 3-4 WEEKS)
7085 - TARGET 2(10-12 WEEKS)
STOPLOSS- 5439
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