Anand Rathi has given Buy recommendation for Craftsman Automation with a target price of Rs. 3539 in its research report issued on Oct 17, 2022

Anand Rathi’s research report on Craftsman Automation

For Craftsman Automation, growth across segments were the highlights for the quarter. It continued to improve value-addition across divisions. Improving CV off-take, driven by M&HCVs and the off highway segments augur well for long-term growth. Similarly, demand for PVs and 2Ws is expected to be strong during the festival season as supplyside constraints have started to normalise.


We maintain a Buy, at a revised TP of Rs.3,539 (19x FY25e).

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