Craftsman Automation Q1 Results Review - Consolidation Continues As Expected: ICICI Securities

Craftsman Automation slipped 3.21% to Rs 5146.40 after the company reported 28.6% fall in consolidated net profit to Rs 53.19 crore in Q1 FY25 from Rs 74.48 crore in Q1 FY24.

Craftsman Automation edges lower after weak Q1 performance

The stock declined as much as 5.93% in early trade to Rs 4,997.95 apiece on the NSE.

Craftsman Automation Drops To One-Month Low As Q1 Profit Misses Estimates

Craftsman Automation consolidated net profit declines 28.58% in the June 2024 quarter

Upcoming results:Larsen and Turbo, Axis Bank, Aditya Birla Sun Life AMC, Bajaj Finserv, Bajaj Holdings, Bikaji Foods, CMS Info System, Craftsman Automation, DCB Bank, Federal Bank, Go Fashion, HFCL, Indian Energy Exchange, IGL, Jindal Steel and Power, JK Paper, KPIT Tech, Karnataka Bank, Mahindra Lifespace Developers, MAS Financial Services, Oracle Financial Services, Petronet, PG ELectroplast, Hitachi Energy, Ramkrishna Forgings, SBI Life Insurance, Sona BLW Precision Forging amd Syngene International.

Stock Alert: Bajaj Finance, Hindustan Unilever, Torrent Pharma, Schaeffler India, ICICI Securities,

With the acquisition, the German Holdco is now a wholly-owned foreign subsidiary of the Company and the German Sub a wholly owned step down subsidiary of the Company.

Craftsman Automation acquires 100% stake in INOS 24-004 GmbH

Craftsman Automation Share Price: The stock of auto ancillary company is trading close to its record high of Rs 5,510 touched on December 22, 2023.

Craftsman zooms 13%, nears record high on Sunbeam’s biz acquisition plan

The stock rose as much as 9.65% during the day to Rs 5,297 apiece on the NSE.

Craftsman Automation Hits Nearly Six-Month High After Deal To Buy Auto Components Firm

Craftsman Automation concludes QIP issue with issue price of Rs 4,400 per share

Encouraging traction seen in aluminum and industrial engineering segments

Craftsman Automation Q4 Results Review - Weak Quarter, Gradual Recovery Likely From Q1 Onwards: Motilal Oswal

Focus on profitable growth and reduction in business cyclicality.

Craftsman Automation - Crafting Growth, RoCE Together: ICICI Securities Initiates Coverage With A ‘Buy’

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Craftsman Automation is engaged in the business of engineering products and manufacturing services.