# Craftsman Automation (CRAFTSMAN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/craftsman

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹10,400
- Change: -2.78%
- As of: 2026-11-06
- 1D return: -2.78%
- 5D return: +1.26%
- 1M return: +3.61%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

CRAFTSMAN presents a conflicting technical picture as of 2026-11-06, with strong medium-term momentum overshadowed by weak daily conviction. The stock closed at ₹10,400, down 2.8% for the day after an extreme upward gap on 5 November and high participation on 28 October. While the monthly (ADX 63.23) and weekly (ADX 49.87) trends remain bullish with price above all key moving averages and the Supertrend, the daily trend is weak (ADX 18.01) with price trading below the 20-period EMA and SMA. This divergence suggests the recent rally may be consolidating or facing short-term resistance. Price sits in the lower-middle of its 20-day range (+29.6%) but remains well above the 200-period SMA. Immediate support lies near ₹10,399, with stronger levels at ₹10,276 and ₹10,100. Resistance is clustered between ₹10,548 and ₹10,758. The stock carries high volatility (annualized +37.1%) and is currently 12.2% off its available highs.

- Trend Divergence: Monthly and weekly trends are strongly bullish (ADX 49), but daily trend strength is weak (ADX 18.01) with price below short-term EMAs/SMA.
- Key Levels: Immediate support at ₹10,399; secondary support at ₹10,276 (-1.19%). Resistance zones at ₹10,548 (+1.42%) and ₹10,758 (+3.44%).
- Recent Activity: Extreme upward gap on 5 Nov (+0.1% return, z-score 4.13) and high-volume anomaly on 28 Oct (volume ratio 4.48).
- Risk Profile: High annualized volatility (+37.1%) and current drawdown of -12.2% from available highs.

- Outside Bar
- Inside Bar
- Doji
- Shooting Star

### News Context

Craftsman Automation (NSE) reported strong financial performance for the half-year ended September 30, 2026, with consolidated revenue rising 42% year-on-year to ₹5,377 crore and profit after tax (PAT) surging 90% to ₹820 crore. EBITDA also grew 41% to ₹304 crore. The company disclosed ongoing expansion plans, including two plants under construction in Hosur and Chennai, a proposed greenfield unit 3 in Hosur, and a scheme of arrangement to merge DR Axion India Limited, Suprash Developers Private Limited, and Srikara Technologies Private Limited into Sunbeam Lightweighting Solutions Limited. Separately, CRISIL Ratings Limited confirmed that all proceeds from the Rs. 1,99,999.95 lakhs Qualified Institutional Placement (QIP) raised in June 2026 have been fully utilized as of September 30, 2026, with funds deployed for debt repayment, general corporate purposes, and issue expenses. No deviations from the original offer document objects were observed. On the market front, the stock closed at ₹10,400 on November 6, 2026, reflecting a 53.6% return over the past year but a recent 12.2% drawdown from its peak.

- H1 FY2027 Financials: Consolidated revenue rose 42% YoY to ₹5,377 crore; PAT increased 90% to ₹820 crore; EBITDA grew 41% to ₹304 crore.
- Capital Utilization: CRISIL Ratings confirmed full utilization of Rs. 1,99,999.95 lakhs QIP proceeds by September 30, 2026, for debt repayment (Rs. 1,50,000.00 lakhs), corporate purposes (Rs. 46,590.09 lakhs), and expenses (Rs. 3,538.34 lakhs).
- Expansion & M&A: Two plants under construction in Hosur and Chennai; proposed greenfield unit 3 in Hosur; merger scheme filed for DR Axion India Ltd, Suprash Developers Pvt Ltd, and Srikara Technologies Pvt Ltd into Sunbeam Lightweighting Solutions Ltd.
- Market Performance: Stock closed at ₹10,400 on November 6, 2026; up 53.6% over one year but currently 12.2% below its highest level.

- Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) and Regulation 173A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ( SEBI ICDR Regulations ), please find enclosed the Monitoring Agency Report for the quarter ended 30th September, 2026 issued by CRISIL Ratings Limited. |SUBJECT: Monitoring Agency Report
- Craftsman Automation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Craftsman Automation Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation

### What Changed

As of 6 November 2026, Craftsman Automation (NSE: CRAFTSMAN) has experienced a notable shift in its market valuation. The share price declined to ₹10,400 from the previous level of ₹10,700, representing a contraction of approximately 2.8%. This downward movement marks a material change in the stock's recent trading profile compared to earlier context. No new corporate filings or news developments have been reported alongside this price adjustment. The absence of specific catalysts means the decline stands as an observed market event rather than one tied to disclosed fundamental changes at this time.

- Price Decline: Share price fell to ₹10,400 on 6 November 2026, down from ₹10,700.
- Magnitude: The drop represents a ~2.8% decrease in valuation over the observed period.
- Context: No accompanying news or regulatory filings were reported to explain the move.

### Official Filings

Craftsman Automation Limited’s Board approved unaudited financial results for the half-year ended September 30, 2026, reporting consolidated revenue of ₹5,377 crore (up 42% year-on-year) and net profit after tax of ₹820 crore (up 90%). The company also finalized its Qualified Institutional Placement (QIP), raising ₹1,99,999.95 lakhs in June 2026, which has been fully utilized by September 30, 2026, primarily for debt repayment (₹1,50,000.00 lakhs). Governance developments include the registration of a new German subsidiary, Craftsman Fronberg Precision GmbH, and Board approval for a scheme to amalgamate DR Axion India Limited into Sunbeam Lightweighting Solutions Limited. These filings confirm operational growth and capital structure adjustments but do not yet indicate regulatory or shareholder approval for the proposed merger.

- H1 FY2027 Consolidated Revenue: ₹5,377 crore (+42% YoY); EBITDA: ₹304 crore (+41% YoY); PAT: ₹820 crore (+90% YoY)
- QIP Utilization: ₹1,99,999.95 lakhs raised in June 2026 fully deployed by Sept 30, 2026; ₹1,50,000.00 lakhs for debt repayment, ₹46,590.09 lakhs for corporate purposes
- Merger Status: Board approved scheme to amalgamate DR Axion India Limited into Sunbeam Lightweighting Solutions Limited; completion status pending further approvals
- Global Expansion: New subsidiary Craftsman Fronberg Precision GmbH registered in October 2026

- [Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) and Regulation 173A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ( SEBI ICDR Regulations ), please find enclosed the Monitoring Agency Report for the quarter ended 30th September, 2026 issued by CRISIL Ratings Limited. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_05112026142920_CAL_Monitoring_Agency_Report_30092026_signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_02112026101704_CAL_Covering_Letter_for_the_Transcript_of_Earnings_call_signed.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102750081.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102721553.xml)
- [Craftsman Automation Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026111656_SEIntimationInvestorPresentation29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026180550_SEIntimationEarningsCallOutcome29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026181056_SEintimationfornewspaperadvertisement30092026SIGNED.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181622524.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181829840.xml)
- [Craftsman Automation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_28102026130853_CraftsmanOutcomeoftheBM28102026signed.pdf)

### Fundamentals

Craftsman Automation reported robust growth in Q2 FY2026-27, with revenue from operations rising 47% year-on-year to ₹2,945 crore and net profit increasing by 68% to ₹153 crore. Operating profit expanded to ₹205 crore, though the sequential decline in basic EPS from ₹62.25 in Q1 to ₹58.57 in Q2 suggests a temporary margin compression or capital base expansion. The company’s balance sheet has strengthened significantly, with total assets growing to ₹11,951 crore and equity capital rising to ₹5,511 crore as of September 2026, supported by a cash position increase to ₹495 crore.

Earnings quality remains a key focus area; while cash from operating activities improved to ₹522 crore for the full year ended March 2026, the CFO/EBITDA conversion rate fluctuated between 43% and 50% over recent years. Working capital efficiency is exceptional, with working capital days dropping to just 1 day in March 2026, indicating tight inventory and receivable management. However, borrowings have increased, totaling ₹3,893 crore as of September 2026, driven by both current (₹1,290 crore) and non-current (₹2,329 crore) liabilities, likely funding the rise in fixed assets and CWIP.

Shareholding patterns show a notable shift, with promoter holding decreasing to 42.41% in September 2026, while DIIs increased their stake to 33.63%. The most critical checkpoint for the next period will be whether the company can sustain operating margins amidst rising finance costs (₹80.3 crore in Q2) and expanding asset bases, particularly as CWIP jumps to ₹733 crore, signaling ongoing capacity expansion.

- Revenue grew 47% YoY to ₹2,945 crore in Q2 FY2026-27, with net profit rising 68% to ₹153 crore, though EPS declined sequentially from ₹62.25 to ₹58.57.
- Balance sheet strength improved with equity capital rising to ₹5,511 crore and cash reserves reaching ₹495 crore as of September 2026.
- Working capital efficiency is high at 1 day (March 2026), but borrowings increased to ₹3,893 crore, with CWIP jumping to ₹733 crore, indicating active expansion.
- Promoter stake diluted to 42.41% in September 2026, while DII holdings rose to 33.63%; monitor if rising finance costs (₹80.3 crore in Q2) impact future operating margins.

### Bull Case

Craftsman Automation presents a conditional constructive case anchored by strong multi-timeframe technical momentum, despite recent short-term price weakness. As of November 6, 2026, the stock trades at ₹10,400 with a market capitalization of approximately ₹27,977 crore. While the daily trend shows bearish signals (ADX 18.01, negative EMA slope), the broader structure remains resilient. The monthly and weekly trends are both bullish, with the monthly ADX at 63.23 indicating strong underlying trend strength. Year-to-date returns stand at +34.7%, and the one-year return is +53.6%, reflecting significant medium-term outperformance. The stock is currently within 1.42% of its nearest resistance level at ₹10,548. A sustained move above this level, supported by the bullish weekly Supertrend, would validate the continuation of the broader uptrend. Investors should monitor whether the price can hold above the immediate support at ₹10,399 while attempting to break resistance.

- Multi-timeframe bullish structure: Monthly and weekly Supertrends are bullish, with monthly ADX at 63.23 signaling strong trend integrity.
- Strong medium-term performance: YTD return is +34.7% and 1-year return is +53.6%, contrasting with recent short-term volatility.
- Critical near-term levels: Price at ₹10,400 is just below resistance at ₹10,548 (+1.42%) and above support at ₹10,399 (-0.01%).
- Current context: Daily trend is mixed/bearish (ADX 18.01) with a current drawdown of -12.2%, requiring confirmation of upward momentum.

- [Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) and Regulation 173A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ( SEBI ICDR Regulations ), please find enclosed the Monitoring Agency Report for the quarter ended 30th September, 2026 issued by CRISIL Ratings Limited. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_05112026142920_CAL_Monitoring_Agency_Report_30092026_signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_02112026101704_CAL_Covering_Letter_for_the_Transcript_of_Earnings_call_signed.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102750081.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102721553.xml)
- [Craftsman Automation Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026111656_SEIntimationInvestorPresentation29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026180550_SEIntimationEarningsCallOutcome29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026181056_SEintimationfornewspaperadvertisement30092026SIGNED.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181622524.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181829840.xml)
- [Craftsman Automation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_28102026130853_CraftsmanOutcomeoftheBM28102026signed.pdf)

### Bear Case

Craftsman Automation’s technical setup as of 6 November 2026 reveals significant near-term fragility despite a strong long-term uptrend. The stock is currently in a -12.2% drawdown from its peak, with a maximum historical drawdown reaching -26.3%, indicating substantial volatility and the potential for deep corrections even within bullish phases. Short-term momentum indicators are weakening; the daily ADX stands at just 18.01, suggesting a lack of strong directional conviction, while the minus DI (24.68) has crossed above the plus DI (17.02), signaling that selling pressure is currently outweighing buying interest on a daily basis. Furthermore, the 20-day EMA slope is sharply negative at -81.88, contrasting with the positive weekly trend, which highlights a divergence between short-term price action and longer-term structure. Recent performance reflects this instability, with returns of -2.8% over the last day and -1.5% over the past three months, offsetting the +53.6% gain seen over the last year. Immediate support is thin, with the nearest level at ₹10,399, only 0.01% below the closing price of ₹10,400, leaving little buffer against further downside.

- The stock is in a -12.2% current drawdown, with a maximum historical drawdown of -26.3%, highlighting elevated downside risk during corrections.
- Daily momentum has deteriorated: the minus DI (24.68) exceeds the plus DI (17.02), and the 20-day EMA slope is sharply negative (-81.88).
- Short-term trend strength is weak, with the daily ADX at 18.01, indicating low conviction in the current price direction.
- Immediate support is critically close at ₹10,399 (0.01% below the close of ₹10,400), offering minimal cushion against further declines.

- [Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) and Regulation 173A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ( SEBI ICDR Regulations ), please find enclosed the Monitoring Agency Report for the quarter ended 30th September, 2026 issued by CRISIL Ratings Limited. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_05112026142920_CAL_Monitoring_Agency_Report_30092026_signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_02112026101704_CAL_Covering_Letter_for_the_Transcript_of_Earnings_call_signed.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102750081.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102721553.xml)
- [Craftsman Automation Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026111656_SEIntimationInvestorPresentation29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026180550_SEIntimationEarningsCallOutcome29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026181056_SEintimationfornewspaperadvertisement30092026SIGNED.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181622524.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181829840.xml)
- [Craftsman Automation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_28102026130853_CraftsmanOutcomeoftheBM28102026signed.pdf)

### FAQs

**Has Craftsman Automation fully utilized the funds raised from its recent Qualified Institutional Placement (QIP)?**

Yes. According to the Monitoring Agency Report filed on November 5, 2026, all proceeds from the ₹1,99,999.95 lakh QIP issued between June 15 and June 18, 2026, have been fully utilized as of September 30, 2026. The funds were deployed for repayment of borrowings (₹1,50,000.00 lakhs), general corporate purposes (₹46,590.09 lakhs), and issue expenses (₹3,538.34 lakhs). No deviations from the original offer document objects were observed.

**What were the key financial results for the first half of FY2027?**

For the half-year ended September 30, 2026, consolidated revenue rose 42% year-on-year to ₹5,377 crore. EBITDA increased by 41% to ₹304 crore, while Profit After Tax (PAT) surged 90% to ₹820 crore. These figures are based on investor presentations submitted to the NSE on October 29, 2026.

**What is the current market price and technical trend for Craftsman Automation shares?**

As of November 6, 2026, the stock closed at ₹10,400.00, with a daily high of ₹10,735.00 and low of ₹10,130.00. Technical indicators show a bullish supertrend direction on both daily and monthly timeframes. The stock has gained +53.6% over the past year but is currently in a -12.2% drawdown from its peak.

**Are there any pending corporate actions or expansion projects to monitor?**

The company has filed a scheme of arrangement to merge DR Axion India Limited, Suprash Developers Private Limited, and Srikara Technologies Private Limited into Sunbeam Lightweighting Solutions Limited. Additionally, two plants are under construction at Hosur and Chennai, with a proposed greenfield unit 3 at Hosur. These are presentation disclosures; the filing does not confirm completion or regulatory approval of these mergers or projects.

- [Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ) and Regulation 173A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ( SEBI ICDR Regulations ), please find enclosed the Monitoring Agency Report for the quarter ended 30th September, 2026 issued by CRISIL Ratings Limited. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_05112026142920_CAL_Monitoring_Agency_Report_30092026_signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_02112026101704_CAL_Covering_Letter_for_the_Transcript_of_Earnings_call_signed.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102750081.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102721553.xml)
- [Craftsman Automation Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026111656_SEIntimationInvestorPresentation29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026180550_SEIntimationEarningsCallOutcome29102026signed.pdf)
- [Craftsman Automation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026181056_SEintimationfornewspaperadvertisement30092026SIGNED.pdf)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181622524.xml)
- [CRAFTSMAN AUTOMATION LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181829840.xml)
- [Craftsman Automation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_28102026130853_CraftsmanOutcomeoftheBM28102026signed.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹10,758
- Risk regime: Price Risk Requires Attention

### Support levels
- 10276.25
- 10100
- 9000.5

### Resistance levels
- 10711
- 10960
- 11350.5

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -2.78% |
| return_10 | -0.84% |
| return_1m | +0.50% |
| return_1y | +53.56% |
| return_20 | +3.61% |
| return_3m | -1.47% |
| return_5 | +1.26% |
| return_6m | +33.77% |
| return_since_start | +95.33% |
| return_ytd | +34.67% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -26.30% |
| annualized_volatility | +37.08% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Craftsman Automation Limited Q2 FY2026-27: Revenue up 21%, PBT up 2%

Craftsman Automation’s consolidated revenue from operations rose 21.1% sequentially to ₹2,945 crore in Q2 FY2026-27, while profit before tax increased 2.2% to ₹205 crore. Year on year, revenue grew 47.1% and profit before tax 63.9%. Sequentially, expenses grew faster than revenue, and inventories and receivables were higher at the September quarter-end than at 31 March 2026.

## Revenue growth and profit conversion

Revenue from operations increased from ₹2,432 crore in Q1 FY2026-27 to ₹2,945 crore in Q2. It had also risen in each of the preceding quarters, from ₹2,057 crore in Q3 FY2025-26 to ₹2,226 crore in Q4 FY2025-26 and ₹2,432 crore in Q1 FY2026-27.

Total expenses rose 22.4% sequentially to ₹2,760 crore, slightly outpacing revenue growth. Profit before tax increased from ₹200 crore to ₹205 crore, while profit for the period rose 1.7% to ₹153 crore.

Compared with Q2 FY2025-26, revenue increased 47.1% and profit before tax rose 63.9%, from ₹125 crore. Basic earnings per share from continuing operations was ₹58.57, down 5.9% from ₹62.25 in Q1 FY2026-27 but up 53.8% from ₹38.09 a year earlier.

## Costs

Other expenses increased 12.8% sequentially to ₹600 crore, while finance costs declined 6.8% to ₹80 crore. Material costs were ₹1,854 crore, employee benefit expense ₹181 crore and depreciation and amortisation expense ₹126 crore in Q2. The faster rise in total expenses than revenue weighed on sequential profit conversion; lower finance costs partly offset that increase.

## Working capital and balance sheet

At 30 September 2026, inventories stood at ₹2,511 crore and current trade receivables at ₹1,532 crore, compared with ₹1,745 crore and ₹1,111 crore, respectively, at 31 March 2026. Current trade payables also rose over that period, from ₹1,460 crore to ₹1,696 crore. These higher balances are important to monitor alongside the quarter’s revenue growth.

Total assets were ₹11,951 crore and equity was ₹5,511 crore at 30 September 2026. Property, plant and equipment increased to ₹4,441 crore from ₹3,981 crore at 31 March 2026, while capital work in progress rose to ₹733 crore from ₹382 crore. Current borrowings were ₹1,290 crore and noncurrent borrowings ₹2,329 crore at the September quarter-end.

## Key Takeaway

Q2 delivered strong revenue growth, but sequential profit before tax rose only modestly as expenses increased slightly faster than sales. Higher inventories and receivables, alongside growth in property, plant and equipment and work in progress, also changed the balance-sheet profile. Investors will want to track how profit growth develops alongside this larger operating and asset base.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +42.41%
- FII holding: +16.46%
- DII holding: +33.63%
- Mutual fund holding: +24.04%
- Retail holding: +4.75%
- Promoter pledged: +0.00%

### Major reported shareholders

- Mr. Srinivasan Ravi — +38.14%
- Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund — +4.35%
- Late Mr.Murali  S — +4.27%
- Invesco India Manufacturing Fund — +3.81%
- Government Of Singapore — +2.71%
- Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund — +2.64%
- Sbi Life Insurance Co. Ltd — +2.54%
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund — +2.47%
- Pi Opportunities Aif V Llp — +2.37%
- Edelweiss Trusteeship Co Ltd Ac- Edelweiss Mf Ac-Edelweiss Balanced Advantage Fund — +1.85%

## Official filings

- 2026-11-05 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_05112026142920_CAL_Monitoring_Agency_Report_30092026_signed.pdf)
- 2026-11-02 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_02112026101704_CAL_Covering_Letter_for_the_Transcript_of_Earnings_call_signed.pdf)
- 2026-11-02 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102750081.xml)
- 2026-11-02 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261102_102721553.xml)
- 2026-10-29 — Earnings Presentation: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026111656_SEIntimationInvestorPresentation29102026signed.pdf)
- 2026-10-29 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026180550_SEIntimationEarningsCallOutcome29102026signed.pdf)
- 2026-10-29 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_29102026181056_SEintimationfornewspaperadvertisement30092026SIGNED.pdf)
- 2026-10-29 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181622524.xml)
- 2026-10-29 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261029_181829840.xml)
- 2026-10-28 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_28102026130853_CraftsmanOutcomeoftheBM28102026signed.pdf)
- 2026-10-28 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_28102026132328_SEintimationletterStatementofdeviationorvariationsigned.pdf)
- 2026-10-28 — Financial Results Filing: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748050_28102026062932_WEB.xml)
- 2026-10-28 — Financial Results Filing: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748049_28102026062910_WEB.xml)
- 2026-10-28 — Financial Results Filing: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748199_28102026075021_WEB.xml)
- 2026-10-28 — Financial Results Filing: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748195_28102026074948_WEB.xml)
- 2026-10-15 — Shareholding Disclosure: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1738411_15102026090509_WEB.xml)
- 2026-10-14 — Board Meeting Notice: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_14102026091727_CraftsmanBoardMeetingPriorIntimation28102026signed.pdf)
- 2026-10-14 — Board Meeting Notice: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19266_WebXMLFile_20261014_092317394.xml)
- 2026-10-14 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19266_WebXMLFile_20261014_092412181.xml)
- 2026-10-14 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19266_WebXMLFile_20261014_092317394.xml)
- 2026-10-14 — Board Meeting Notice: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19266_WebXMLFile_20261014_092412181.xml)
- 2026-10-14 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_14102026100911_Earningscall.pdf)
- 2026-10-14 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261014_102229754.xml)
- 2026-10-14 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19266_WebXMLFile_20261014_102208909.xml)
- 2026-10-08 — Generic Announcement: Craftsman Automation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CRAFTSMAN_08102026161839_CraftsmanSEintimationLetterunderRegulation74_5_signed.pdf)

## News and market events

- 2026-10-30 — MONEYCONTROL: **Buy Craftsman Automation; target of Rs 12,400: Emkay Global Financial** — Emkay Global Financial has issued a 'Buy' recommendation for Craftsman Automation with a price target of Rs 12,400. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-craftsman-automation-target-of-rs-12-400-emkay-global-financial-14064235.html)
- 2026-10-28 — CNBC-TV18: **Craftsman Automation Q2 profit jumps 69% as revenue nears ₹3,000 crore; margins take a hit** — Craftsman Automation reported a 68.6% year-on-year rise in Q2 profit, while revenue jumped 47.1% to ₹2,945 crore. EBITDA grew 30%, but margins narrowed. Shares recovered from the day’s low but remained in the red. — [Source](https://www.cnbctv18.com/market/craftsman-automation-share-price-q2-results-profit-rise-revenue-margins-20021421.htm)
- 2026-10-23 — CNBC-TV18: **India not cheap enough yet, but NBFCs and manufacturing still offer opportunities: Aurveil's Conrad Saldanha** — Global investors are waiting for better entry points into Indian equities as valuations and high oil prices remain key concerns, according to Aurveil Capital Founder and CIO Conrad Saldanha. He believes the ongoing correction could create stock-specific opportunities in NBFCs, manufacturing exporters and power equipment companies. — [Source](https://www.cnbctv18.com/market/india-not-cheap-enough-nbfc-manufacturing-opportunities-aurveil-capital-conrad-saldanha-geopolitical-tensions-crude-oil-prices-indian-equities-market-outlook-artificial-intelligence-20017641.htm)
- 2026-10-01 — Mint: **Bajaj Auto, Hero MotoCorp, M&M tumble: Nifty Auto falls over 3% to lead sectoral loss — what’s next for the sector?** — The Nifty Auto index dropped more than 3% amid poor sales results and new fuel-efficiency regulations. Bajaj Auto and M&M reported declines, impacting overall sentiment in the automobile sector. — [Source](https://www.livemint.com/market/stock-market-news/bajaj-auto-hero-motocorp-m-m-tumble-nifty-auto-falls-over-3-to-lead-sectoral-losses-what-s-next-for-the-sector-11790832662304.html)
- 2026-09-21 — Mint: **Nifty Auto looks set to snap a 5-month winning streak - Should you buy the dip in auto, auto ancillary stocks?** — After a 5-month winning streak, Nifty Auto and major auto stocks are in decline due to profit booking and economic concerns. With rising oil prices and impending interest rate hikes, experts suggest selective buying.  — [Source](https://www.livemint.com/market/stock-market-news/nifty-auto-looks-set-to-snap-a-5-month-winning-streak-should-you-buy-the-dip-in-auto-auto-ancillary-stocks-11789976254551.html)
- 2026-09-17 — Mint: **Bandhan Small Cap Fund August portfolio: Cyient, P N Gadgil see higher holdings; 4 stocks added, 6 exited | Mint** — Bandhan Small Cap Fund attracted ₹2,187 crore in August, the highest inflow among small-cap schemes, as it reshuffled several existing holdings and added four new stocks. Cyient, P N Gadgil Jewellers and Strides Pharma were among the stocks where holdings increased. — [Source](https://www.livemint.com/money/personal-finance/bandhan-small-cap-fund-august-portfolio-cyient-p-n-gadgil-see-higher-holdings-4-stocks-added-6-exited-11789636919234.html)
- 2026-09-10 — CNBC-TV18: **IRB Infra, Ola Electric lead Nifty 500 gainers; HEG, Craftsman Automation fall at market open** — Monthly toll revenue data was among the reasons that moved a stock over 5% on the Nifty 500 at market open, while one stock extending its decline toward a fresh 52-week low — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/stocks/irb-infrastructure-ola-electric-nifty-500-gainers-heg-craftsman-automation-sai-life-sciences-share-price-19988093.htm)
- 2026-08-19 — MONEYCONTROL: **Momentum Stocks: NELCO, Kotyark Industries, Khandwala Securities under pressure** — Buzzing Stocks,NELCO, Kotyark Industries, Khandwala Securities — [Source](https://www.moneycontrol.com/news/business/markets/momentum-stocks-nelco-kotyark-industries-khandwala-securities-under-pressure-14009889.html)
- 2026-07-31 — MONEYCONTROL: **Neutral Craftsman Automation; target of Rs 9699: Motilal Oswal** — Craftsman Automation, Motilal Oswal, Recommendations, Neutral — [Source](https://www.moneycontrol.com/news/business/neutral-craftsman-automation-target-of-rs-9699-motilal-oswal-13990532.html)
- 2026-07-30 — The Hindu: **Q1 Results Today Live: M&M, Gillette Q1 profit rise, Westlife profit falls, Bajaj Finance, Tata Steel, Vedanta, Torrent Pharma, Hyundai Motor, IRFC, Swiggy, NSDL to announce Q1 results** — Q1 Results Today, 30th July 2026 Live Updates: Stay tuned for more from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-bajaj-finance-mampm-tata-steel-swiggy-awl-agri-torrent-pharma-hyundai-motor-irfc-mankind-vedanta-gillette-mazagon-thermax-ajanta-nuvama-nsdl-niva-bupa-results-30-july-202/article71280963.ece)
- 2026-07-30 — The Hindu: **BluPine Energy Strengthens Rajasthan C&I Portfolio with Multiple Renewable Power Agreements; Targets 150MW Commercial & Industrial Capacity** — BluPine Energy Strengthens Rajasthan C&I Portfolio with Multiple Renewable Power Agreements; Targets 150MW Commercial & Industrial Capacity — [Source](https://www.thehindu.com/brandhub/pr-release/blupine-energy-strengthens-rajasthan-c-i-portfolio-with-multiple-renewable-power-agreements-targets-150mw-commercial-industrial-capacity/article71284456.ece)
- 2026-07-29 — Times of India: **Craftsman Automation to invest ₹250 crore in Hosur expansion** — Craftsman Automation to invest ₹250 crore in two-phase Hosur expansion to boost aluminium auto components capacity; commissioning in 6–8 months amid rising OEM demand. — [Source](https://timesofindia.indiatimes.com/city/chennai/craftsman-automation-to-invest-250-crore-in-hosur-expansion/articleshow/132713002.cms)
- 2026-07-29 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty surges 260 points; Kaynes Tech up 12%** — Sensex Today | Stock Market LIVE Updates: We are the halfway mark of the day's trade, and the bulls look in a strong position. The markets are on the rise, and are trading on a strong footing. The Nifty up over 240 points, jumping to 24,200. The Nifty Bank index is up 400 points, rising to 57,000. Infosys, Larsen & Toubro and HUL are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hul-asian-paints-adani-oil-lt-grse-it-dmart-share-price-liveblog-19956206.htm)
- 2026-07-29 — The Hindu: **Sensex today | Stock Market Live: Sensex surges nearly 900 points, Nifty climbs above 24,250 on IT, FMCG rally** — Sensex, Nifty, Share Prices Live: Strong buying in IT and FMCG heavyweights helped benchmark indices extend gains, with positive technical signals, renewed institutional inflows and optimism over domestic economic data outweighing weak market breadth and lingering concerns over higher crude prices and the Federal Reserve's policy decision. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-29-july-2026/article71276758.ece)
- 2026-07-29 — CNBC-TV18: **Q1 Results LIVE Updates: Craftsman Auto shares rise over 4%; Adani Ports EBITDA up 19%** — Q1 Results LIVE Updates: Four Nifty 50 stocks are reporting their earnings today namely Asian Paints, Adani Enterprises, Adani Ports and Eicher Motors. Dabur, Waaree Energies, ACME Solar, Bajaj Housing Finance, CarTrade Tech, Chalet Hotels, Colgate-Palmolive, J&K Bank, Hexaware Technologies, KPIT Tech, Garden Reach Shipbuilders, Force Motors, Dhanlaxmi Bank, Devyani International, MOIL, Piramal Pharma, Prestige Estates, Redington, Star Health Insurance, Syngene, Teamlease, Triveni Engineering, Zensar Tech are among the other earnings from the broader markets. L&T, Netweb Tech, among others will also be reacting to their results. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-asian-paints-adani-ports-ent-hul-eicher-bajaj-hsg-dabur-mtar-kpit-tech-cartrade-colgate-share-price-liveblog-19956225.htm)
- 2026-07-20 — CNBC-TV18: **Explained: Why Sensex and Nifty closed lower even as Midcaps outperformed** — The Nifty Bank index dropped 576 points to 57,945, while the Nifty Midcap index gained 374 points to 62,802. Market breadth favoured advances, with the advance-decline ratio ending at 1:1. — [Source](https://www.cnbctv18.com/market/explained-why-sensex-and-nifty-closed-lower-even-as-midcaps-outperformed-19949684.htm)
- 2026-07-20 — Economic Times: **Goldman Sachs initiates coverage on Sansera Engineering, 3 other auto ancillary stocks with upside of up to 28%. Here’s why** — Goldman Sachs has initiated coverage on four Indian auto ancillary companies, turning bullish on Sansera Engineering and Craftsman Automation while assigning Neutral ratings to Bharat Forge and Samvardhana Motherson. The brokerage believes a shift towards precision engineering, aerospace, defence, semiconductors and EV-related opportunities will drive long-term growth and improve margins. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/goldman-sachs-initiates-coverage-on-sansera-engineering-3-other-auto-ancillary-stocks-with-upside-of-up-to-28-heres-why/articleshow/132509174.cms)

## Business profile

**Strategic vision:** Designs, develops, and manufactures engineering products across diverse fields.

### Business segments
- **Powertrain:** Offers precision machining services for critical automotive components, with a focus on powertrain applications.
- **Aluminium Products:** Specializes in automotive aluminium products using die casting and sand casting, providing in-house toolroom and machining capabilities from prototyping to mass production.
- **Industrial & Engineering:** Caters to various non-automotive user sectors, including High-End Sub-Assembly, Contract Manufacturing, and Storage Solutions.

### Competitive strengths
- Integrated manufacturing capabilities across diverse fields.
- In-house process and tool design expertise.
- Pan-India manufacturing presence with multiple strategically located facilities.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/craftsman
Markdown representation: https://faxioms.com/stocks/craftsman?render=md