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Craftsman Auto

Q2 FY26

Craftsman Auto Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹10,960

Market cap₹28.7K Cr

P/E61.2

Updated16 Oct 2026

Read5 min read

The short version

Craftsman Automation expects strong growth with existing customers planning around 50% capacity expansion over the next three years. Craftsman is confident about strong growth opportunities driven by multinational expansions in India and export markets like the Middle East, Africa, and South America.

From Craftsman Auto's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Craftsman Automation expects strong growth with existing customers planning around 50% capacity expansion over the next three years.
Revenue is projected to grow from around INR 7,700 crores in FY26 to over INR 9,000 crores in FY27.
The company plans significant CAPEX (~INR 1,000 crores in Craftsman alone) to support growth, with returns expected 2-3 years post-investment.
The aluminum business is growing multifold and is expected to contribute significantly to revenue moving forward.
The powertrain segment is stable but is expected to benefit from multinational companies expanding manufacturing bases in India with an export focus.

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Profitability & Margins

Craftsman is confident about strong growth opportunities driven by multinational expansions in India and export markets like the Middle East, Africa, and South America.
Order book shows a CAGR growth of around 20% in coming years, indicating solid revenue growth.
EPS and operating earnings expected to improve with better absorption of fixed costs as new plants ramp up production (e.g., alloy wheel plants at Bhiwadi and Hosur).
Aluminum segment margins expanding due to operational leverage and synergy benefits.
Sunbeam business aims for double-digit EBITDA margin (around 10%) by FY27.
New CAPEX investments target minimum 20% pre-tax ROCE, indicating profitable long-term growth.

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Capital Expenditure Plans

Craftsman Automation plans a significant CAPEX of around INR 1,000 crores in standalone business by FY27, with DR Axion's CAPEX at about INR 280 crores, focusing on expanding capacity and new product lines like aluminum cylinder blocks.
The Kothavadi plant phase-I is operational; engineering products are ongoing, but powertrain revenues will start around 2029.
The alloy wheel plants at Bhiwadi and Hosur are ramping up, with capacity expansions planned to 7 million units by Q2 next year.
The company emphasizes growth driven by strong customer orders, especially from multinationals expanding manufacturing in India.
No large inorganic acquisitions planned for the next 18 months; minor strategic purchases possible.

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Fundraising & Capital Structure

No explicit mention of immediate plans for large fundraising through debt or equity within the next 18 months.
The company anticipates CAPEX around INR 1,000 crores for Craftsman and some amount for DR Axion, suggesting internal funding or manageable debt levels.
Debt reduction plans include selling land (e.g., Gurgaon plant land sale starting Jan) to pay down around INR 350 crores of debt.
Net debt-to-EBITDA ratio expected to stabilize around 2 by FY27, indicating controlled leverage.

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Order Book & Pipeline

The Kothavadi plant has an order book target of $100 million within the next four to five years, with around $50 million worth of orders already received and under development; the rest is in advanced negotiation.
The German subsidiary's order book for large engine blocks used in power generation (mainly data centers) is full and running effectively.
Alloy wheel plants (Bhiwadi and Hosur) have customer orders exceeding 6 million units, with capacity planned at 7 million units to account for seasonality.
The large engine power generation segment sees significant demand with order books strong and revenue rising (e.g., H1 revenue of INR 158 crores in Germany).

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Craftsman Auto — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.2K Cr, net profit ₹116 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Craftsman Auto Q2 FY26 results?

Craftsman Automation expects strong growth with existing customers planning around 50% capacity expansion over the next three years. Craftsman is confident about strong growth opportunities driven by multinational expansions in India and export markets like the Middle East, Africa, and South America.

What is Craftsman Auto share price analysis?

Craftsman Auto currently shows a neutral. The stock trades at a P/E of 61.2 with a market cap of ₹28,665 Cr. Investors should review the full earnings analysis for detailed insights.

Is Craftsman Auto planning capital expenditure?

Craftsman Automation plans a significant CAPEX of around INR 1,000 crores in standalone business by FY27, with DR Axion's CAPEX at about INR 280 crores, focusing on expanding capacity and new product lines like aluminum cylinder blocks.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.