CRAFTSMAN
Craftsman Automation share price & financials
- Price
- ₹9,806.5
- Market cap
- ₹26.7k Cr
- Calls analysed
- 7
Craftsman Automation Limited Q1 FY27
What went well
- Aluminium segment is on a strong growth path with massive investments and capacities still coming into place, expecting growth for many more quarters.
- New orders are coming in for both 4-wheeler and 2-wheeler segments, with some quick wins and others in development for FY28/FY29 production.
- Kothavadi project is on track to achieve USD 100 million revenue by FY29, with potential to exceed this by FY30-31 due to new inquiries.
What to watch
- The company is in a 'wait-and-watch' mode regarding accelerating capex due to global problems, despite strong Q1 growth traction.
- Achieving Powertrain capacity utilization beyond 75% is difficult due to the seasonal nature of the business and the risk of stopping customer lines.
What Craftsman Automation Limited does
Craftsman Automation is a Coimbatore-based diversified engineering company that designs and manufactures precision-machined components across three verticals — Powertrain, Aluminium Products, and Industrial & Engineering — serving commercial vehicle, passenger vehicle, two-wheeler, tractor, off-highway/construction-equipment OEMs as well as power-transmission, genset/gas-engine and material-handling customers. It runs an end-to-end in-house manufacturing chain spanning product design, tool/die and special-purpose-machine design, aluminium casting (high-pressure, low-pressure, gravity and sand), machining, sheet-metal fabrication, surface treatment and assembly. Its Industrial & Engineering vertical also builds storage solutions — static racking, shelving and automated storage & retrieval systems — alongside high-end sub-assembly and contract manufacturing. The group has expanded through acquisitions (DR Axion, Sunbeam Lightweighting Solutions) and a European foothold via subsidiaries in the Netherlands and Germany.
Segments
- Powertrain
- Aluminium Products
- Industrial & Engineering
- Manufacturing facilities
- 28 vertically integrated plants (plus 2 under construction) across 9 Indian states and 1 plant in Germany
- Total built-up manufacturing area
- 3.6 million sq. ft.
- Business verticals
- 3 (Powertrain, Aluminium Products, Industrial & Engineering)
- States with manufacturing presence (India)
- 9
- International manufacturing plants
- 1 (Germany)
- Wholly-owned subsidiaries
- Craftsman Europe B.V. (Netherlands), DR Axion India, Sunbeam Lightweighting Solutions, Craftsman Germany GmbH, Craftsman Fronberg Guss GmbH
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 1 delivered 5 missed 11 open- Consolidated Revenue delivered said Q3 FY25 Promised: ₹7,000 crores for FY26 Q1 FY27: Past target for FY26, considered closed and achieved.
- Consolidated Net Debt missed said Q3 FY25 Promised: ₹1,400 crores by end of FY26 Q1 FY27: Past target for FY26, considered closed and missed.
- Stationary Engine Revenue on track said Q3 FY25 Promised: $100 million by FY29 Q1 FY27: Reiterated the USD 100 million revenue target for FY29, stating 'We are on track for that.' Production to ramp up with 30% by FY28 and 50% by FY29.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 42.1%, net profit up 135.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 906 | 929 | 1,151 | 1,044 | 1,192 +32% | 1,237 +33% | 1,346 +17% | 1,484 +42% |
| EBITDA | 132 | 115 | 161 | 177 | 200 +52% | 214 +86% | 251 +56% | 266 +50% |
| Net profit | 29 | 5 | 27 | 40 | 47 +62% | 56 +1020% | 78 +189% | 94 +135% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +75.3% 1Y
1Y: ₹6,657.5 on 10 Sept 2025 → ₹11,669. High ₹11,851 (10 Sept 2026), low ₹6,424 (15 Oct 2025).
How the price took the results
close before → close after
- Q1 FY27
- +1.4%
- 30 Jul
- Q4 FY26
- +4.0%
- 8 May
- Q3 FY26
- −6.0%
- 29 Jan
- Q2 FY26
- +0.3%
- 10 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 17.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 17.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.0k Cr | ₹3.2k Cr | ₹3.8k Cr | ₹4.8k Cr |
| Operating profit | ₹663 Cr | ₹641 Cr | ₹556 Cr | ₹842 Cr |
| Operating margin | 22.2% | 20.0% | 14.4% | 17.5% |
| Interest | ₹117 Cr | ₹155 Cr | ₹193 Cr | ₹248 Cr |
| Depreciation | ₹215 Cr | ₹237 Cr | ₹269 Cr | ₹325 Cr |
| Net profit | ₹241 Cr | ₹197 Cr | ₹93 Cr | ₹221 Cr |
| Net margin | 8.1% | 6.1% | 2.4% | 4.6% |
| ROCE | 21.0% | 15.0% | 8.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹968 Cr | ₹1.1k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹3.0k Cr | ₹3.0k Cr |
| Borrowings | ₹806 Cr | ₹800 Cr | ₹1.1k Cr | ₹1.6k Cr | ₹3.3k Cr | ₹3.0k Cr |
| Other liabilities | ₹577 Cr | ₹742 Cr | ₹880 Cr | ₹1.0k Cr | ₹1.9k Cr | ₹1.6k Cr |
| Total liabilities | ₹2.4k Cr | ₹2.7k Cr | ₹3.3k Cr | ₹4.2k Cr | ₹8.3k Cr | ₹7.5k Cr |
| Fixed assets | ₹1.5k Cr | ₹1.5k Cr | ₹1.6k Cr | ₹2.1k Cr | ₹4.0k Cr | ₹3.5k Cr |
| Capital work in progress | ₹32 Cr | ₹42 Cr | ₹82 Cr | ₹165 Cr | ₹453 Cr | ₹284 Cr |
| Investments | ₹28 Cr | ₹28 Cr | ₹403 Cr | ₹403 Cr | ₹13 Cr | ₹1.3k Cr |
| Other assets | ₹791 Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.5k Cr | ₹3.8k Cr | ₹2.4k Cr |
| Total assets | ₹2.4k Cr | ₹2.7k Cr | ₹3.3k Cr | ₹4.2k Cr | ₹8.3k Cr | ₹7.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +10.23 pp while promoters trimmed −6.29 pp. The shareholder count shrank 2% to 64,028.
- Promoters
- 42.4%
- FIIs
- 17.3%
- DIIs
- 32.9%
- Public
- 7.4%
Since Jun 2025
- DIIs +10.23 pp
- Promoters −6.29 pp
- Public −5.40 pp
How it drifted, 12 quarters
Over this window DIIs went from 17.3% to 32.9% — +15.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 55.0%, FIIs 12.7%, DIIs 17.3%, Public 15.0%.Dec '23: Promoters 55.0%, FIIs 12.5%, DIIs 17.2%, Public 15.3%.Mar '24: Promoters 55.0%, FIIs 12.6%, DIIs 16.0%, Public 16.4%.Jun '24: Promoters 48.7%, FIIs 15.8%, DIIs 21.4%, Public 14.1%.Sep '24: Promoters 48.7%, FIIs 16.6%, DIIs 21.5%, Public 13.1%.Dec '24: Promoters 48.7%, FIIs 17.0%, DIIs 21.0%, Public 13.3%.Mar '25: Promoters 48.7%, FIIs 15.6%, DIIs 22.7%, Public 12.9%.Jun '25: Promoters 48.7%, FIIs 15.8%, DIIs 22.7%, Public 12.8%.Sep '25: Promoters 48.7%, FIIs 15.4%, DIIs 24.4%, Public 11.5%.Dec '25: Promoters 48.7%, FIIs 16.0%, DIIs 25.3%, Public 10.0%.Mar '26: Promoters 48.7%, FIIs 15.2%, DIIs 28.3%, Public 7.8%.Jun '26: Promoters 42.4%, FIIs 17.3%, DIIs 32.9%, Public 7.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- HDFC Trustee Company Limited-HDFC Flexi Cap Fund Mutual fund newly disclosed 2.64% held
- Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund +1.30 pp 4.19% held
- SBI Multicap Fund Mutual fund newly disclosed 1.03% held
- Government Of Singapore - E Sovereign +0.80 pp 2.99% held
- Invesco India Consumption Fund Mutual fund +0.55 pp 3.78% held
- Pi Opportunities AIF V Llp AIF +0.48 pp 2.37% held
- Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Multi-Cap Fund Mutual fund +0.38 pp 1.79% held
- SBI Life Insurance Co. Ltd Insurer +0.34 pp 2.43% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Craftsman Automation Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mr. Srinivasan Ravi | 38.14% | −5.87 pp |
| Mr. Murali S | 4.27% | −0.41 pp |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund | 4.19% | +1.30 pp |
| Invesco India Consumption Fund Mutual fund | 3.78% | +0.55 pp |
| Government Of Singapore - E Sovereign | 2.99% | +0.80 pp |
| HDFC Trustee Company Limited-HDFC Flexi Cap Fund Mutual fund | 2.64% | newly disclosed |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund | 2.59% | −1.05 pp |
| SBI Life Insurance Co. Ltd Insurer | 2.43% | +0.34 pp |
| Pi Opportunities AIF V Llp AIF | 2.37% | +0.48 pp |
| Edelweiss Trusteeship Co Ltd Ac- Edelweiss Mf Ac-Edelweiss Balanced Advantage Fund Mutual fund | 1.93% | +0.20 pp |
| Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Multi-Cap Fund Mutual fund | 1.79% | +0.38 pp |
| HSBC Mutual Fund - HSBC Small Cap Fund Mutual fund | 1.65% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in CRAFTSMAN
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 1 sold out — net −0.06 L shares (−0.4%).
- Held by funds
- ₹1.7k Cr
- 13 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹669 Cr · 0.8% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹669 Cr | held | Jan '25 |
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹556 Cr | held | Jun '26 |
| SBI MultiCap Fund SBI Mutual Fund | ₹154 Cr | held | Jun '26 |
| SBI Automotive Opportunities Fund SBI Mutual Fund | ₹101 Cr | held | Jun '24 |
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹89 Cr | held | Jun '24 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹26 Cr | +0.00 L | Mar '23 |
| Nippon India Innovation Fund Nippon India Mutual Fund | ₹17 Cr | held | Apr '26 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹14 Cr | held | Jun '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net −5,952 shares (−0.4%)
- Funds are sitting on
- +36%
- vs est. average cost
- Held by funds
- ₹1.7k Cr
- 13 schemes · ≈ 5.7% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹669 Cr · 0.8% of that fund
- Longest holder
- Nippon India Nifty Smallcap 250 Index Fund
- 3y 6m · since Mar '23
Shares held by these funds +22448%
Aug '23 15.59 L shares Jul '26
What the price assumes
Growth trapTo justify its price of ₹11669, this stock must grow earnings at 47% every year for 7 years. Our analysis caps realistic growth at ~-7%. At that growth it is worth ₹751 — downside of 94%.
- Growth the price implies
- 47.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -2.8% a year
- net profit, FY23–FY26 · EPS -6.6%
- The gap
- 0.5 pp
- -94% downside if it only repeats history
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Craftsman Automation Limited
Guides on how to read this kind of business and the numbers that matter.