Craftsman Automation Ltd is a leading engineering organization that is engaged in manufacturing precision components. The company designs, develop, and manufactures a range of engineering products. It is one of the leading players in the machining of cylinder blocks for the tractor segment.
The business operates 3 key segments namely Automotive-Power train and others, Automotive-Aluminium Products, and Industrial and Engineering division that is engaged in manufacturing material handling equipment i.e. hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, storage solutions, etc.
The company owns 12 state-of-the-art manufacturing facilities across 7 cities of India. Its customer base includes Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, TAFE Motors & Tractors, etc.
Competitive Strengths ofCraftsman Automation Ltd
Leading engineering product manufacturer.
Strategically located and vertically integrated manufacturing facilities.
Strong product design capabilities.
Robust financial performance.
Company PromotersofCraftsman Automation Ltd
Srinivasan Ravi is the promoter of the company.
Company Financials:
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18 Total Assets 22,462.93 23,031.36 23,253.98 19,994.34 Total Revenue10,299.08 15,010.57 18,316.43 15,228.62 Profit After Tax 506.60 410.73 973.67 315.34
The company purposes to utilize funds towards the following objectives; To make reapayment/pre-payment of company’s borrowing fully or partially. To meet general corporate purposes.
