Auto stocks · Small cap · NSE
Craftsman Automation is an Indian auto ancillary company manufacturing powertrain and aluminum components for 2-wheeler and 4-wheeler segments. It also has an industrial segment for material handling and storage. The company is expanding capacity and focusing on high-pressure die casting and heavy horsepower engines.
SMA20 -4.6% / mo · MACD + · near 52W high
Latest mapped FPI equity flow was not positive. View sector evidence
Adjusted completed-session prices, rebased to 100
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue +36.3% · PAT +115.7% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Financial-only signal; management claim evidence is not sufficient yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev +36% YoY · PAT +116% YoY · margin expansion · +9% QoQ · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,432 Cr | +36.3% | +9.3% |
| EBITDA | ₹384 Cr | +44.9% | +7.0% |
| Operating margin | 16.0% | +100 bps | +0 bps |
| PAT | ₹151 Cr | +115.7% | +30.2% |
| PAT margin | 6.2% | +229 bps | +100 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 19/10/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Signals are conflicting — long-term uptrend intact. RSI 60. Wait for confirmation.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
Q1 FY27 saw strong standalone revenue and EBIT growth in the Aluminium segment, driven by past investments and maturing capacities. Overall standalone growth was reasonable, with industrial segment demand also inflecting positively.
The company is executing on its stated growth strategy, particularly in the Aluminium segment and the heavy horsepower engine opportunity. Capacity expansion plans are aligned with customer demand and future growth, though operating leverage for new plants needs monitoring.
Massive investments in the recent past and maturing capacities are driving growth, expected to continue for many more quarters.
Targeted USD 100 million revenue by FY29 is on track, with new inquiries suggesting potential to exceed this target by FY30-31.
Product lines in material handling and storage divisions are seeing an upswing in demand, with orders increasing quarter-on-quarter.
New facility for additional high-pressure die casting for automotive (2-wheeler and 4-wheeler) as current plants have run out of space and capacity.
Substantial capex planned for DR Axion, with land purchased last year and new orders maturing for production in FY29 and FY30.
New plants and locations are being set up to follow customers across India, with basic infrastructure costing INR 100-250 crores per plant.
The capex cycle has started in India and is expected to continue for a long time, benefiting OEMs and Tier 1/Tier 2 companies.
India is moving towards a manufacturing economy, presenting bright prospects for continued growth in the coming years.
Management acknowledges 'global problems' and the 'Iran crisis' as factors that could influence capex acceleration decisions.
Some customers are taking their own time to make adjustments for material cost increases, which is a global issue.
New plants with larger capacity and lower initial utilization may depress EBIT margins until operating leverage sets in.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Management explicitly referred to 'Y-o-Y' growth for powertrain/aluminum and discussed Q1 FY27 results, indicating a focus on annual trends for assessing segment performance and overall growth.
Aluminium segment is on a growth path for many more quarters due to massive investments and capacities still coming into place.
Powertrain is averaging around 70%-odd, expected to go beyond 75% in festive season, but difficult to sustain beyond 75% annually due to seasonality.
Aluminium segment is already operating at more than 80%-odd utilization.
Management is confident all customers will align to the new reality that suppliers must be fairly compensated for alloy prices, which should be a pass-through.
90% of Sunbeam's restructuring will be complete by December, expecting improved results quarter-on-quarter and mid-teens EBITDA margin by Q4.
30% of heavy HP engine production will be productionized by FY28, 50% by FY29, with full revenue by FY30. New orders could come into production within 2 years.
Capex will be paced over 4-6 quarters, not in one single year, and may accelerate if higher traction continues in Q2/Q3.
Confident that return ratios will be similar to the current powertrain business within a couple of years, despite new capex.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Sunbeam EBITDA Margin | Improving from current levels | Mid-teens EBITDA margin by Q4 as restructuring completes. |
| Heavy HP Engine Revenue Contribution | Too small to talk about in FY27 | Decent numbers from FY28, reaching USD 100 million full revenue by FY30. |
| Consolidated Capex | Conservatively INR 1,500 crores planned for this year | Potential acceleration in Q3/Q4 if market traction continues to grow. |
| Powertrain Capacity Utilization | Averaging around 70% | Bridging the 10% gap to optimum capacity in Q2 or Q4. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Craftsman will continue to upgrade and modernize its manufacturing facilities, infrastructure, machines, equipment, and technology.
"Craftsman continues to upgrade and modernize their manufacturing facilities, infrastructure, machines, equipment and technology"
Craftsman will continue to upgrade and modernize its manufacturing facilities, infrastructure, machines, equipment, and technology.
"Craftsman continues to upgrade and modernize their manufacturing facilities, infrastructure, machines, equipment and technology"
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 40th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
overall median 67 · Auto: 40th pctile, median 74 · Small: 60th pctile, median 66
86 documents have extracted text, but claim history is not strong enough yet.
1 claims extracted · No contradicted claim yet
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Latest exchange and company disclosures found within the past two years.
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