Craftsman Automation Limited is an engineering company having vertically-integrated manufacturing capabilities in three
Craftsman Automation Limited is an engineering company having vertically-integrated manufacturing capabilities in three broad segments:
*Powertrain and other products for the automotive segment;
*Aluminum products for the automotive segment; and
*Industrial and engineering products segment
Craftsman Automation is the largest player involved in the machining of cylinder blocks and cylinder heads in the intermediate, medium, and heavy commercial vehicles segment as well as in the construction equipment industry in India.
Craftsman Automation Ltd. is a diversified engineering company with a focus on providing comprehensive solutions and manufacturing high quality, intricate and critical products, components and parts.
It is present across the entire value chain in the Automotive Aluminum Products segment.
It has a reasonable presence in the Powertrain segment for automobiles.
The company has strong and well-established relationships with several marquee domestic and global OEMs, component manufacturers and certain key customers.
The company owns and operates 12 strategically-located manufacturing facilities across seven cities in India, with a total built-up area of over 1.5 million sq. ft. equipped with advanced machinery.
The company has an inconsistent financial performance over the last few years. Apart from the impact of the pandemic, there has been a constant decline in the demand for automobiles leading to a drop in its revenues.
The company has a large long-term debt and tax liabilities.
It is also involved in certain legal proceedings amounting to Rs.21.24 crores.
Around 13% of its operating revenue is still trade receivables.
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