Craftsman Automation Limited has informed the Exchange about Transcript
CRAFTSMAN · price
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Craftsman Automation reported its Q4 and FY 2026 earnings call transcript. The alloy wheel business is ramping up to 3 million wheels/month exit rate against 5.5 million capacity, generating ~INR 280 crore revenue last year. The Sunbeam acquisition is undergoing restructuring with exiting unprofitable customers and products, dropping capacity utilization from 70% to 45-50% to improve margins. DR Axion is operating at 80-85% capacity with a new Sriperumbudur plant commissioned by December. The company guided for mid-teens revenue growth in FY 2027 and targets $1 billion aluminum revenue in 2-3 years. Management expects net debt to EBITDA to fall below 2x this year and to 1.5x longer-term. Manpower cost inflation rising ~20% year-on-year is a key concern being addressed through automation.
Positive signals include clear debt reduction roadmap and restructuring progress at Sunbeam, but investors should watch margin pressure from rising labor costs and delayed profitability in newer segments like large engine powertrain.