Craftsman Automation Limited has informed the Exchange about Transcript
CRAFTSMAN · price
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Awaiting price reaction for this filing.
Management reiterated FY26 guidance of Rs. 7,000 crore revenue, Rs. 1,100 crore EBITDA, and Rs. 650–700 crore EBIT, despite geopolitical and tariff concerns. They stated the business is largely insulated from tariffs as most exports are on Ex-Works or FOB basis. The powertrain segment has stabilized after an 18-month modernization phase, with margins expected to creep up and double-digit growth anticipated. The new powertrain (large engine) business at the Kothavadi plant is operational, with order book full and revenues expected to peak at Rs. 800 crore by 2029–2030. Sunbeam (acquired from insolvency) is in consolidation mode with plant shifting to Bhiwadi, guided to deliver 8–10% blended EBITDA. DR Axion growth guided at 8–10% for FY26, while standalone Craftsman is expected to grow at 20%+ CAGR. Group CAPEX for FY26 is Rs. 750–800 crore, with a Sunbeam land sale of ~Rs. 300 crore expected to aid deleveraging from current ~Rs. 1,900 crore debt. A Rs. 1,200 crore QIP is being planned to fund growth opportunities.
Reaffirmed FY26 guidance and improving powertrain margins could support the stock, but near-term stress on cash flows from heavy CAPEX and Sunbeam consolidation remains. The planned Rs. 1,200 crore QIP may lead to equity dilution, which shareholders should watch. Management confidence on long-term growth trajectory (3 years) is positive for long-term investors.