Craftsman Automation Ltd
Craftsman Automation Ltd
AutomobilesKey Fundamentals
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Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
2- Promoter holding has decreased over last quarter: -4.28%
- Company has a low return on equity of 13.1% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Craftsman Automation delivers exceptional revenue growth at 36-42% CAGR and has strong analyst support (71% buy ratings), but the stock trades at a steep 59x PE and 7x book value with modest 12-13% ROE, suggesting much of the growth is already priced in. At a market cap of Rs 23,259 Cr, investors should wait for a more reasonable entry point or evidence of margin expansion.
- TTM sales growth of 42% demonstrates strong topline momentum and market share gains
- 5-year compounded sales CAGR of 39% shows consistent and sustained revenue expansion
- TTM profit growth of 80% indicates significant operating leverage kicking in
- Stock CAGR of 90% over 1 year reflects strong market conviction and institutional interest
- 71.43% analyst buy ratings (5 out of 7 analysts) with zero sell ratings signals consensus optimism
- 5-year compounded profit CAGR of 32% outpaces many peers in the consumer discretionary space
- Company is expected to deliver a good upcoming quarter per channel checks
- PE ratio of 59x is significantly elevated versus the sector median, leaving little room for disappointment
- Price-to-book of 6.95x (7.17x per screener) is expensive for a company generating only 12-13% ROE
- Promoter holding has decreased by 10.1% over last 3 years, signaling potential insider confidence concerns
- 3-year average ROE of just 13% does not justify the premium valuation multiples being assigned
- Dividend yield of only 0.12% offers negligible income support in a downturn
- Last year ROE declined to 12% from the 5-year average of 14%, suggesting returns may be plateauing
- 3-year profit CAGR of 16% is far lower than TTM 80%, raising sustainability questions about recent acceleration
- At Rs 23,259 Cr market cap, the stock needs sustained 30%+ earnings growth for multiple years to grow into its valuation
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 980 | 1,038 | 1,179 | 1,130 | 1,105 | 1,151 | 1,214 | 1,576 | 1,749 | 1,784 | 2,002 | 2,057 | 2,226 |
| Expenses | 792 | 823 | 942 | 910 | 898 | 954 | 1,021 | 1,377 | 1,506 | 1,519 | 1,700 | 1,745 | 1,868 |
| Operating Profit | 188 | 214 | 238 | 220 | 207 | 197 | 193 | 199 | 244 | 265 | 302 | 312 | 359 |
| OPM % | 19% | 21% | 20% | 19% | 19% | 17% | 16% | 13% | 14% | 15% | 15% | 15% | 16% |
| Other Income | 5 | 4 | 5 | 4 | 6 | 5 | 7 | -6 | -5 | -3 | 9 | 24 | 19 |
| Interest | 42 | 42 | 42 | 44 | 46 | 49 | 41 | 58 | 68 | 66 | 77 | 79 | 86 |
| Depreciation | 60 | 68 | 67 | 70 | 72 | 72 | 76 | 103 | 95 | 102 | 109 | 115 | 118 |
| PBT | 92 | 107 | 134 | 109 | 94 | 81 | 82 | 31 | 76 | 94 | 125 | 142 | 173 |
| Tax % | 12% | 25% | 22% | 26% | 25% | 26% | 25% | 59% | 12% | 26% | 28% | 25% | 33% |
| Net Profit | 80 | 81 | 104 | 81 | 71 | 59 | 62 | 13 | 67 | 70 | 91 | 107 | 116 |
| EPS in Rs | 36.76 | 35.25 | 44.75 | 34.61 | 29.5 | 22.3 | 25.86 | 5.42 | 27.99 | 29.18 | 38.09 | 44.9 | 48.8 |
Profit & Loss
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,102 | 1,479 | 1,818 | 1,492 | 1,560 | 2,217 | 3,183 | 4,452 | 5,690 | 8,069 |
| Expenses | 874 | 1,185 | 1,375 | 1,095 | 1,122 | 1,683 | 2,499 | 3,573 | 4,857 | 6,832 |
| Operating Profit | 228 | 294 | 443 | 398 | 438 | 534 | 684 | 879 | 833 | 1,238 |
| OPM % | 21% | 20% | 24% | 27% | 28% | 24% | 21% | 20% | 15% | 15% |
| Other Income | 11 | 12 | 14 | 3 | 10 | 8 | 13 | 18 | 0 | 50 |
| Interest | 90 | 112 | 141 | 149 | 107 | 84 | 120 | 175 | 217 | 309 |
| Depreciation | 113 | 149 | 176 | 196 | 192 | 206 | 222 | 278 | 347 | 444 |
| PBT | 37 | 44 | 140 | 56 | 149 | 252 | 355 | 445 | 270 | 534 |
| Tax % | -117% | 28% | 30% | 28% | 35% | 35% | 29% | 24% | 26% | 28% |
| Net Profit | 80 | 32 | 97 | 40 | 97 | 163 | 251 | 337 | 201 | 384 |
| EPS in Rs | 1,387 | 313 | 48.39 | 19.88 | 46.08 | 77.19 | 118 | 144 | 81.56 | 161 |
| Div. Payout % | 0% | 3% | 5% | 0% | 0% | 5% | 10% | 8% | 6% | 7% |
Balance Sheet
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 12 | 12 |
| Reserves | 566 | 587 | 673 | 712 | 959 | 1,125 | 1,366 | 1,647 | 2,845 | 3,252 |
| Borrowings | 777 | 847 | 985 | 1,058 | 806 | 800 | 1,240 | 1,755 | 2,358 | 3,623 |
| Other Liabilities | 469 | 556 | 657 | 527 | 576 | 739 | 1,190 | 1,293 | 1,902 | 2,091 |
| Total Liabilities | 1,818 | 1,999 | 2,325 | 2,307 | 2,352 | 2,675 | 3,807 | 4,706 | 7,116 | 8,978 |
| Fixed Assets | 1,228 | 1,323 | 1,589 | 1,546 | 1,510 | 1,544 | 2,124 | 2,567 | 3,670 | 4,676 |
| CWIP | 11 | 24 | 91 | 89 | 32 | 42 | 97 | 179 | 345 | 382 |
| Investments | 3 | 4 | 4 | 3 | 2 | 3 | 3 | 4 | 11 | 14 |
| Other Assets | 576 | 648 | 642 | 669 | 807 | 1,086 | 1,583 | 1,956 | 3,090 | 3,906 |
| Total Assets | 1,818 | 1,999 | 2,325 | 2,307 | 2,352 | 2,675 | 3,807 | 4,706 | 7,116 | 8,978 |
Cash Flow
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 257 | 283 | 360 | 306 | 362 | 327 | 608 | 513 | 283 | 522 |
| Investing | -319 | -210 | -359 | -138 | -95 | -209 | -683 | -625 | -1,643 | -1,302 |
| Financing | 78 | -60 | -18 | -128 | -296 | -120 | 73 | 148 | 1,393 | 827 |
| Net Cash Flow | 16 | 12 | -17 | 40 | -28 | -2 | -2 | 36 | 34 | 47 |
| Free Cash Flow | -64 | 71 | 0 | 167 | 266 | 117 | 268 | -115 | -706 | -647 |
| CFO/OP | 114 | 100 | 87 | 82 | 88 | 68 | 100 | 75 | 43 | 50 |
Ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 50 | 42 | 48 | 56 | 49 | 61 | 47 | 59 | 50 |
| Inventory Days | 217 | — | 168 | 203 | 222 | 221 | 187 | 160 | 157 | 145 |
| Days Payable | 285 | — | 172 | 175 | 193 | 163 | 155 | 123 | 157 | 121 |
| Cash Conversion Cycle | -11 | 50 | 38 | 75 | 85 | 107 | 94 | 84 | 59 | 74 |
| Working Capital Days | 22 | 20 | 10 | 43 | -14 | 1 | 23 | 14 | 2 | 1 |
| ROCE % | — | 11% | 18% | 12% | 14% | 18% | 21% | 20% | 12% | 14% |
Documents
Frequently Asked Questions about Craftsman Automation Ltd
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Company Information
Craftsman Automation started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields. The co. manufactures several components and sub-assemblies on a supply and job-work basis according to client specifications in the automotive, industrial, and engineering segments. Headquartered in Coimbatore with 12 plants including 10 satellite units across India. [1] [2]