Craftsman Automation stocks: Buy Craftsman Automation, target price Rs 5082: LKP Securities

LKP Securities has buy call on Craftsman Automation with a target price of Rs 5082. The current market price of Craftsman Automation is Rs 3937.65.

Craftsman Automation Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 8291.91 Crore) operating in Auto Ancillaries sector.

Craftsman Automation Ltd. key Products/Revenue Segments include Engineering, Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1133.20 Crore, down -4.27 % from last quarter Total Income of Rs 1183.78 Crore and up 50.36 % from last year same quarter Total Income of Rs 753.64 Crore. Company reported net profit after tax of Rs 81.35 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.99 per cent stake in the company as of 31-Dec-2023, while FIIs owned 12.52 per cent, DIIs 17.23 per cent.

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