NSE: CRAFTSMAN · BSE: 543276
CRAFTSMAN AUTOMATION LTD
Manufactures automotive components and engineered products across three segments. Powertrain, the largest at 38.1% of segment revenue (₹1,837.44 cr), makes engine and drivetrain components including heavy-horsepower stationary engines, where five customers are signed for productionised volumes starting FY28. Aluminium Products, 37.4% of segment revenue (₹1,800.72 cr), produces alloy wheels and light-weighting parts for auto OEMs; the segment is running at over 80% capacity utilisation and is targeted to reach USD 1 billion in revenue by FY28-29. Industrial & Engineering, 23.0% of segment revenue (₹1,106.61 cr), supplies material-handling, lifting and storage equipment benefiting from India's manufacturing capex cycle. Materials are the biggest cost line at 56.1% of revenue, followed by other operating expenses at 22.8% and employee costs at 7.3%. In Q1 FY27 consolidated revenue grew 36% YoY to ₹2,431.58 cr with Aluminium Products alone at ₹1,479 cr (61% of consolidated revenue). The group runs 31 facilities including one in Germany, is expanding aluminium capacity at Hosur (₹250 cr over two phases) and DR Axion at Sriperumbudur (commissioning December 2026), and guided FY27 capex at approximately ₹1,500 cr funded internally. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Powertrain (38%), Aluminium Products (37%), Industrial & Engineering (23%), Others (2%). Diversified, asset-heavy auto-components and industrial-engineering manufacturer exposed to Indian manufacturing capex cycle.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,217 | 3,183 | 4,452 | 5,690 | 8,069 |
| EBITDA (ex other income) | 534 | 684 | 879 | 807 | 1,225 |
| margin % | 24.1 | 21.5 | 19.7 | 14.2 | 15.2 |
| Owners' profit | 163 | 248 | 337 | 195 | 384 |
| EPS, as reported (₹) | 77.19 | 117.56 | 144.11 | 83.68 | 160.96 |
| ROE % · ROCE % | 14.4 · 19.8 | 17.5 · 18.5 | 19.3 · 19.5 | 7.0 · 10.3 | 11.8 · 14.2 |
| Debt / equity (x) | 0.63 | 0.80 | 0.88 | 0.72 | 1.02 |
| Cash from operations | 327 | 608 | 513 | 283 | 522 |
| Capex | (213) | (345) | (631) | (992) | (1,188) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,214 | 1,576 | 1,749 | 1,784 | 2,002 | 2,057 | 2,226 | 2,432 |
| Profit before tax | 82 | 31 | 75 | 94 | 125 | 142 | 173 | 200 |
| Net profit | 62 | 13 | 67 | 70 | 91 | 107 | 116 | 151 |
| EPS (₹) | 27.24 | 5.42 | 27.99 | 29.18 | 38.09 | 44.90 | 48.80 | 62.25 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Powertrain | 2,179 | 27.0 |
| Aluminium Products | 4,789 | 59.3 |
| Industrial & Engineering | 1,102 | 13.7 |
| Total, before eliminations | 8,069 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,66,707 | 38.1 | 3.82 | 14.8 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,34,520 | 56.9 | 9.06 | 33.0 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 84,295 | 119.4 | 8.82 | 30.4 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 62,653 | 52.0 | 8.63 | 28.8 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 57,518 | 45.9 | 9.36 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 52,988 | 76.1 | 8.64 | 46.0 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 40,753 | 67.2 | 2.87 | 15.8 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,042 | 33.0 | 4.68 | 15.7 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 56.7 | 25.0 | 99 of 119 | 17% |
| P/B | 8.8 | 3.3 | 107 of 117 | 8% |
| ROCE | 9.0 | 12.6 | 81 of 125 | 36% |
| ROE | 11.8 | 11.7 | 57 of 117 | 52% |
| Debt / Equity | 1.0 | 0.3 | 105 of 117 | 10% |
| EBITDA margin | 16.7 | 12.2 | 30 of 118 | 75% |
| Revenue growth | 36.3 | 20.2 | 16 of 113 | 87% |
| Profit growth | 116.3 | 24.4 | 20 of 115 | 83% |
| Market cap | 28800 | 1455 | 9 of 126 | 94% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Craftsman Automation Q2 FY26 earnings call on 29 Oct 2026 | board shareholder meetings | low | — | — |
| 14 Oct 2026 · Board meeting on Oct 28 to consider Q2 FY27 results | board shareholder meetings | low | — | — |
| 8 Oct 2026 · Quarterly compliance certificate filed with depositories for Q2 FY26 | compliance | minimal | — | — |
| 6 Oct 2026 · GST order for Rs 68.72 lakh plus penalty; company to appeal | regulatory legal | medium | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 2 Sept 2026 · Craftsman Automation meets Allianz Global Investors on 2 Sep 2026 | investor communications | low | — | — |
| 28 Aug 2026 · Craftsman Automation incorporates step-down WOS in Germany | strategic transactions | medium | — | — |
| 21 Aug 2026 · Craftsman Automation to set up new step-down WOS in Germany | strategic transactions | medium | — | — |
| 10 Aug 2026 · Craftsman Automation to attend Avendus Spark INDX conference on 14 Aug 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Craftsman Automation to attend Emkay Confluence 2026 on Aug 12 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.