Craftsman Automation Limited (CRAFTSMAN)
Small CapAuto stocks · Small cap · NSE
Diversified engineering company primarily engaged in Powertrain, Aluminum Products, and Industrial & Engineering. Provides end-to-end solutions with strong in-house capabilities across 28 manufacturing facilities in India and 1 in Germany. Serves marquee domestic and global OEMs across CV, PV, 2W, Farm, and Off-highway segments.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/1 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +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.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
FY26 Consolidated Revenue grew 42% YoY to ₹8,069 Cr, EBITDA up 51% to ₹1,300 Cr, and PAT surged 91% to ₹384 Cr. Q4 FY26 also saw strong YoY growth: Revenue +27%, EBITDA +73%, PAT +51%.
Craftsman Automation delivered robust FY26 results, driven by strategic acquisitions and strong performance across all segments. The company's diversified portfolio and ongoing capacity expansion position it well for continued growth, despite the non-comparability note due to M&A.
FY26 Consolidated Revenue Mix by Business Segment
Latest issuer-disclosed distribution across 3 reported categories.
Aluminium Products Segment
Annual Revenue grew 58% in FY26, driven by highly engineered lightweighting solutions for mobility, structural parts, and EV components.
Powertrain Segment
Annual Revenue grew 20% in FY26, instrumental in import substitution for critical powertrain parts like cylinder heads and blocks.
Strategic Acquisitions
Acquisition of balance 24% of DR Axion India and 100% of Sunbeam Lightweighting Solutions, and Craftsman Fronberg Guss GmbH.
E-Vehicle Parts Development
Developing E-Vehicle Parts such as Battery Housings, Cooling Trays, motor housing etc., within the Aluminium Products segment.
New Plants Under Construction
2 plants under construction (Ludhiana & Chennai) in India & 1 plant in Germany.
Greenfield Facilities
Additional Greenfield facility at Bhiwadi, Kothavadi & Hosur completed in 2024-2026.
Sriperumbudur Expansion
DR Axion India Limited acquired Suprash Developers along with its wholly owned subsidiary Srikara Technologies for green field expansion at Sriperumbudur.
Diversified End-User Industries
Diversified across Commercial Vehicles, Passenger Vehicles, Two Wheelers, Farm Equipment, Off-highway vehicles, Power Transmission, Genset/Gas Engines, Material Handling, Warehousing.
Long-Standing Customer Relationships
Strong and well-established relationships with several marquee domestic and global OEMs and component manufacturers.
Strong In-house Capabilities
Strong in-house capabilities spanning design, process engineering, manufacturing including foundry, surface treatment, fabrication, machining, and assembly.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY is crucial for assessing annual performance and the impact of strategic acquisitions. QoQ provides insight into sequential momentum, especially in Q4, which showed continued strong growth.
Aluminium Products Sales Volume
Sales Volume (In Tonnes) grew from 68,260 in FY25 to 94,904 in FY26.
Powertrain Annual Revenue Growth
Annual Revenue increased 20% from ₹1,811 Cr in FY25 to ₹2,179 Cr in FY26.
Aluminium Products Annual Revenue Growth
Annual Revenue increased 58% from ₹3,033 Cr in FY25 to ₹4,789 Cr in FY26.
Industrial & Engineering Annual Revenue Growth
Annual Revenue increased 30% from ₹846 Cr in FY25 to ₹1,102 Cr in FY26.
Strategic Expansion
Company continues strategic expansion through acquisitions and greenfield projects to widen its horizon and move into a higher orbit.
Manufacturing Modernization
Craftsman continues to upgrade and modernize their manufacturing facilities, infrastructure, machines, equipment and technology.
End-to-End Solutions
Integrated facility to offer end-to-end solution with manufacturing facility of Special Purpose Machine, Material Handling System, Gear & Gear Boxes, Tool Room, Mould Base & Sheet Metals.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Aluminium Products Sales Volume (Tonnes) | 94,904 tonnes in FY26 | Continued growth in sales volume, especially from EV parts, indicating market penetration and demand. |
| Debt-Equity Ratio | 1.02x in FY26 | Improvement in the ratio, as it has increased from 0.72x in FY25, suggesting higher leverage post-acquisitions. |
| Net Debt-EBITDA Ratio | 2.4x in FY26 | Reduction in the ratio, as it has increased from 2.3x in FY25, indicating better cash flow generation relative to debt. |
| New Capacity Commissioning | 2 plants under construction (Ludhiana & Chennai) and greenfield facilities at Bhiwadi, Kothavadi & Hosur. | Timely commissioning and ramp-up of new facilities to support future growth and utilization rates. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
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"
Trend score and candlestick chart
64Bullishfull bull SMA stack · SMA20 +11.2% / mo · MACD + · near 52W high · sector -3.3pp vs Nifty (3M)
Technical chart
CRAFTSMANdaily · 1Y · AUTO+50.1%Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 68.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~10.1% over last month) — short-term momentum positive.
- RSI(14) at 68 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 3% of 52-week high — testing resistance.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 31.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +5.1%.
- Both 3-month and 6-month returns are positive.
Valuation & score drivers
U-Score 27 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 27 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
OVERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 7/9.
- Growth contributes 13/25 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -51.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
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.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 39th percentile within Auto. No major sub-score weakness stands out.
Healthy Trust Lite: Promoter pledge is zero. Key concern: Promoter holding fell 6.3%.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Auto: 39th pctile, median 74 · Small: 60th pctile, median 66
72 documents have extracted text, but claim history is not strong enough yet.
1 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead 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.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Promoter holding fell 6.3%.
- ▸Debt/equity is 1.11.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 63.60
- P/B
- 8.33
- EV/EBITDA
- 18.38
- Market Cap
- 29811.00Cr
Profitability
- ROE
- 12.50%
- ROCE
- 13.90%
- ROA
- 5.18%
- Dividend Y
- 0.10%
Growth (CAGR)
- Revenue 5Y
- 39.00%
- EPS 5Y
- 32.00%
- Revenue 3Y
- 36.00%
- EPS 3Y
- 16.00%
Balance Sheet
- Debt/Equity
- 1.11
- Interest Coverage
- 4.12×
- Altman Z
- 5.24
- Book Value
- 1368.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 522.00 Cr
- EPS TTM
- 189.35
Shareholding
- Promoter Hold
- 42.41%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 97%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Auto, ranked by similarity
Peers
Business-comparable names in Auto, ranked by similarity
Peers
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.