>Craftsman automation ltd manufactures several components and sub-assemblies on a supply-and-job work basis.
>The company works in the automotive, industrial, and engineering segments.
>The company is the largest player in the production of cylinder blocks and cylinder heads in the intermediate,m&hcv, and construction equipment categories.
Products
.Automotive powertrain
. Automotive aluminium
. Industrial and engineering
Financial statements of FY2024
The revenue from operations and sales increased from 3182 crore to 4452 crore year on year.
EBITDA climbed from 697 crore to 897 crore year on year.
EBITDA margin declined from 21.89% to 20.15% year on year.
Profit after tax (PAT) grew from 251 crore to 337 crore year on year.
PAT margin declined from 7.89% to 7.58% year on year.
Return on equity improved from 19.50% to 21.15% year on year.
ROCE fell from 22.30% to 21.58% year on year.
Debt increased from 1105 crore to 1463 crore as the company’s capacity development proceeded.
Capex rose from 335 crore to 633 crore.
The net block increased from 1939 crore to 2316 crore.
The company is establishing two greenfield manufacturing sites in Bhiwadi, Rajasthan, and Kothavadi, Tamil Nadu.
The company paid a dividend of Rs.11.25.
Overall, the company’s profit margin declined and its debt climbed, but it also did capex, which is beneficial to the company, and its net block increased.
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