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ICICI Direct Report
Craftsman Automation, founded in 1986, is a Coimbatore, Tamil Nadu, based, diversified engineering company involved in manufacturing key components for automobile and industrial sectors.
It owns and operates 12 plants pan India, strategically located close to its customers. The company is promoted by first generation entrepreneur Srinivasan Ravi, a technocrat.
As of FY20, its sales were at Rs 1,492 crore with Ebitda at Rs 398 crore (margins of 27%) and profit after tax at Rs 41 crore.
Its sales can be subdivided into three main segments -
- automotive: powertrain and others
- automotive: aluminium products and
- industrial and engineering.
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