Craftsman Automation financials and balance sheet

NSE: CRAFTSMANBSE: 543276Auto ComponentsSmall Cap

₹10,488.00₹510.00 (4.64%)BSE ₹10,482.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹10,998.00.

52-week range of traded prices to 23 Oct 2026

₹6,324.00Low, 29 Oct 2025₹11,999.00High, 9 Sep 2026

Next results date: the board meets on 28 Oct 2026 to consider: financial results and other business matters.

Market cap: ₹27,431 Cr354th largest listed
P/E: 59.0
P/B: Shares changed
Dividend yield: 0.11%
ROE: 15.2%
ROCE: 13.5%
Debt to equity: 1.02
Volume, NSE: 39,43752.9% delivered

6 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Craftsman Automation annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹8,069 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue8,069
Materials and goods−4,402
Employee costs−587
Other expenses−1,842
Operating profit1,238
Depreciation−444
Other income+61
One-off items−13
Finance costs−309
Profit before tax533
Tax−150
Joint ventures+1.1
Net profit384

What the company owns

Plant, investments and other assets₹5,944 Cr
Inventory₹1,745 Cr
Receivables₹1,111 Cr
Cash and bank₹179 Cr

What pays for it: net worth and liabilities

Borrowings₹3,341 Cr
Net worth₹3,264 Cr
Owed to suppliers₹1,460 Cr
Other liabilities₹914 Cr

Craftsman Automation business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them.Craftsman Automation segment results by quarter

Revenue by segment

₹8,069 CrTotal

Aluminium Products₹4,789 Cr59.3% of total
Powertrain₹2,179 Cr27.0% of total
Industrial & Engineering₹1,102 Cr13.7% of total

Profit by segment

Aluminium Products₹494 Cr54.7% of total
Powertrain₹361 Cr40.0% of total
Industrial & Engineering₹49 Cr5.4% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Aluminium Products
Revenue, ₹ crore
935
2,154
3,033
4,789
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
77
322
312
494
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Powertrain
Revenue, ₹ crore
811
1,154
1,527
1,558
1,811
2,179
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
221
304
382
292
251
361
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Industrial & Engineering
Revenue, ₹ crore
419
622
721
740
846
1,102
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
80
69
67
49
19
49
Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	1,560	2,217	3,183	4,452	5,690	8,069
Company revenue, as in its results	1,560	2,217	3,183	4,452	5,690	8,069
Revenue	–	–	935	2,154	3,033	4,789
Revenue growth	–	–	–	130.4%	40.8%	57.9%
Profit	–	–	77	322	312	494
Profit growth	–	–	–	316.5%	−3.2%	58.6%
Margin	–	–	8.3%	15.0%	10.3%	10.3%
Return on capital	–	–	11.8%	36.3%	21.8%	24.0%
Assets	–	–	1,450	1,803	3,602	4,796
Liabilities	–	–	792	916	2,170	2,738
Capital employed	–	–	658	886	1,433	2,057
Revenue	811	1,154	1,527	1,558	1,811	2,179
Revenue growth	–	42.3%	32.3%	2.0%	16.2%	20.3%
Profit	221	304	382	292	251	361
Profit growth	–	37.7%	25.8%	−23.7%	−13.8%	43.8%
Margin	27.2%	26.3%	25.0%	18.7%	13.9%	16.6%
Return on capital	47.9%	59.1%	62.3%	48.7%	27.8%	39.9%
Assets	980	1,123	1,295	1,546	1,964	2,376
Liabilities	520	609	682	947	1,062	1,470
Capital employed	460	514	613	599	902	906
Revenue	419	622	721	740	846	1,102
Revenue growth	–	48.5%	15.9%	2.6%	14.4%	30.2%
Profit	80	69	67	49	19	49
Profit growth	–	−12.9%	−2.9%	−26.6%	−62.5%	162.1%
Margin	19.0%	11.1%	9.3%	6.7%	2.2%	4.4%
Return on capital	25.2%	18.4%	18.4%	16.6%	4.6%	19.8%
Assets	593	687	715	885	1,122	1,299
Liabilities	277	310	351	589	723	1,055
Capital employed	316	377	365	297	400	245
Revenue	330	440	–	–	–	–
Revenue growth	–	33.6%	–	–	–	–
Profit	3	10	–	–	–	–
Profit growth	–	277.1%	–	–	–	–
Margin	0.8%	2.2%	–	–	–	–
Return on capital	1.0%	2.7%	–	–	–	–
Assets	558	690	–	–	–	–
Liabilities	297	342	–	–	–	–
Capital employed	261	347	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Craftsman Automation quarterly results

₹ crore	Mar 2021Filed 7 May	Mar 2022Filed 10 May	Mar 2023Filed 9 May	Mar 2024Filed 29 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
Revenue from operations	1,560	2,217	3,183	4,452	5,690	8,069
	1,122	1,683	2,499	3,573	4,858	6,832
Materials and goods bought	667	1,034	1,629	2,371	3,102	4,402
Employee costs	145	188	234	288	436	587
Other expenses	311	461	636	913	1,319	1,842
Operating profit before depreciation	438	534	684	879	833	1,238
Operating margin	28.1%	24.1%	21.5%	19.7%	14.6%	15.3%
Materials, % of revenue	42.7%	46.6%	51.2%	53.3%	54.5%	54.6%
Employee costs, % of revenue	9.3%	8.5%	7.3%	6.5%	7.7%	7.3%
Other expenses, % of revenue	19.9%	20.8%	20.0%	20.5%	23.2%	22.8%
Depreciation and amortisation	192	206	222	278	347	444
Operating profit after depreciation	246	328	462	601	486	794
Other income	10	7	13	17	25	61
Finance costs	107	84	120	175	217	309
Profit before one-off items and tax	149	251	354	444	294	546
One-off items	0	0	0	0	−25	−13
Profit before tax	149	251	354	444	269	533
	51	89	104	107	69	150
Current tax	54	89	123	117	77	135
Deferred tax	−2	0	−19	−10	−8	15
Share of profit of joint ventures and associates	0	0	0	1	1	1
	97	163	251	337	201	384
Belonging to the company's shareholders	97	163	248	304	195	384
Belonging to outside owners of subsidiaries	0	–	3	–	6	0
Other comprehensive income	5	5	1	0	−3	35
Total comprehensive income	102	168	252	338	198	419
Net margin	6.2%	7.4%	7.9%	7.6%	3.5%	4.8%
Net margin without joint ventures and associates	6.2%	7.3%	7.9%	7.6%	3.5%	4.7%

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2021Filed 7 May	Mar 2022Filed 10 May	Mar 2023Filed 9 May	Mar 2024Filed 29 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
	969	1,136	1,438	1,752	2,857	3,264
	969	1,136	1,377	1,658	2,857	3,264
Share capital	11	11	11	11	12	12
Reserves	959	1,125	1,366	1,647	2,845	3,252
Belonging to outside owners of subsidiaries	0	–	61	94	–	0
	595	716	1,153	1,546	2,054	3,341
Repayable after a year	437	374	906	1,125	1,652	2,411
Repayable within a year	158	342	247	422	402	930
	785	978	1,242	1,531	2,388	3,065
Trade payables	352	463	712	801	1,334	1,460
Other financial liabilities	214	91	135	189	437	395
Other liabilities	56	71	111	99	180	205
Provisions	4	5	7	11	22	26
Tax owed	1	7	32	9	12	49
	598	561	1,126	1,423	1,872	2,649
Other financial liabilities	92	70	79	167	211	216
Provisions	0	0	0	0	3	0
Deferred tax	68	117	141	131	6	22
	2,352	2,675	3,807	4,706	7,116	8,978
Held for sale or for a demerger	–	–	–	–	349	350
	1,579	1,645	2,319	2,923	4,218	5,357
Plant in use, after depreciation	1,420	1,454	1,839	2,133	3,064	3,981
Plant being built	32	42	97	179	345	382
Intangible assets	90	90	95	243	417	506
Goodwill	0	0	190	190	190	190
Investments	0	0	1	1	6	8
Stakes in joint ventures and associates	2	2	3	4	5	6
Other financial assets	22	26	35	50	61	73
Deferred tax	–	–	0	8	16	8
Other assets	12	31	60	115	116	204
	773	1,029	1,488	1,783	2,549	3,272
Inventories	406	626	836	1,041	1,332	1,745
Trade receivables	239	296	535	577	921	1,111
Cash and cash equivalents	31	29	27	63	97	145
Other bank balances	15	14	20	20	26	34
Other financial assets	8	12	9	11	25	16
Other assets	74	51	60	72	148	221
Net debt	549	672	1,105	1,463	1,931	3,162

Borrowings are counted again inside the liabilities due within a year and after a year.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021Filed 7 May	Mar 2022Filed 10 May	Mar 2023Filed 9 May	Mar 2024Filed 29 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
	362	327	608	513	283	522
	385	364	680	661	357	613
	−32	−151	13	−192	−428	−598
Receivables	−40	−53	−83	−31	−162	−176
Inventories	−82	−226	−82	−209	−143	−411
Payables	71	110	140	91	102	118
Other working capital	19	17	38	−43	−224	−130
Tax paid	−23	−37	−73	−148	−74	−91
Capital spending	99	213	345	631	992	1,188
Free cash flow	263	114	263	−118	−708	−667
	−95	−209	−683	−626	−1,643	−1,313
Plant and property sold	3	3	6	3	2	20
Companies bought	0	0	−375	0	0	−146
Interest received	1	1	7	2	13	5
	−296	−120	73	148	1,393	827
Borrowings raised	0	35	576	394	507	1,286
Borrowings repaid	−322	−34	−372	0	0	0
Interest paid	−109	−77	−103	−172	−214	−312
Lease payments	−10	−42	−21	−50	−56	−135
Dividends paid	0	0	8	24	24	12
Shares bought back	0	0	0	0	0	0
Shares issued	146	2	0	0	1,180	0
Net change in cash	−29	−2	−3	36	34	36

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Consolidated, ₹ per share, years to March.Craftsman Automation dividend history

₹ per share	Mar 2021Filed 7 May	Mar 2022Filed 10 May	Mar 2023Filed 9 May	Mar 2024Filed 29 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
Earnings per share	₹48.32	₹77.19	₹117.56	₹144.11	₹83.68	₹160.96
Diluted earnings per share	₹48.32	₹77.19	₹117.56	₹144.11	₹83.68	₹160.96
Dividend per share	–	₹3.75	₹11.25	₹11.25	₹5.00	₹11.25
Book value per share	₹459.01	₹537.76	₹651.94	₹785.03	₹1,197.29	₹1,368.01
Dividend payout	–	4.9%	9.6%	7.8%	6.1%	7.0%
Shareholder yield	−4.9%	0.0%	0.1%	0.3%	−9.9%	0.1%
Market cap at the year end (₹ crore)	2,998	4,983	6,878	9,117	11,635	16,644

Ratios

Consolidated, years to March.Craftsman Automation PE ratio and valuation

Ratio	Mar 2021Filed 7 May	Mar 2022Filed 10 May	Mar 2023Filed 9 May	Mar 2024Filed 29 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 7 May
Revenue growth	–	42.1%	43.6%	39.9%	27.8%	41.8%
Operating profit growth	–	21.9%	28.0%	28.6%	−5.2%	48.6%
Net profit growth	–	67.5%	53.9%	34.4%	−40.5%	91.2%
Earnings per share growth	–	59.7%	52.3%	22.6%	−41.9%	92.4%
	10.0%	15.5%	19.8%	20.1%	8.6%	12.5%
	–	5.5 pts	4.3 pts	0.3 pts	−11.4 pts	3.9 pts
From the net margin	–	1.8 pts	0.9 pts	−2.5 pts	−10.0 pts	3.4 pts
From asset turnover	–	3.9 pts	1.9 pts	1.1 pts	−0.8 pts	0.5 pts
From borrowing	–	−0.2 pts	1.5 pts	1.6 pts	−0.6 pts	0.1 pts
Return on capital employed	15.7%	17.7%	17.8%	18.2%	9.9%	12.0%
Cash conversion	372.2%	200.6%	242.1%	152.2%	141.1%	135.9%
Interest cover	2.3	3.9	3.8	3.4	2.2	2.6
Debt to equity	0.61	0.63	0.80	0.88	0.72	1.02
Receivable days	56	49	61	47	59	50
Inventory days	222	221	187	160	157	145
Payable days	193	163	159	123	157	121
Cash conversion cycle, days	85	107	89	84	59	74
Working capital days	23	58	51	48	28	43
Asset turnover	0.66	0.88	0.98	1.05	0.96	1.00
Assets per rupee of net worth	2.43	2.39	2.58	2.80	2.62	2.63
Sales per rupee of plant	1.10	1.53	1.73	2.09	1.86	2.03
Capital spending to depreciation	0.52	1.03	1.56	2.27	2.86	2.68
Plant being built, % of plant in use	2.3%	2.9%	5.3%	8.4%	11.3%	9.6%

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 4.8%
Cash from operations against operating profit: 42.2%

Measure	5 years	3 years
Revenue growth, yearly rate	38.9%	36.4%
Profit growth, yearly rate	31.6%	15.6%
Return on equity, average	15.3%	13.7%
Return on capital employed, average	15.1%	13.4%
Operating margin, average	19.1%	16.6%
Net margin, average	6.2%	5.3%
Asset turnover, average	0.98	1.00
Cash conversion cycle, days, average	83	72
Interest cover, average	3.2	2.8
Debt to equity, average	0.81	0.88

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	2,253	1,318	522
Cash from investing	−4,474	−3,582	−1,313
Cash from financing	2,322	2,369	827
Capital spending	3,369	2,811	1,188
Dividends paid	67	59	12
Shares bought back	0	0	0
Shares issued for cash	1,182	1,180	0
Borrowings raised	2,799	2,187	1,286
Borrowings repaid	406	0	0

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	7	4	5	5
Altman Z-scorePublished threshold 1.81	2.89	3.80	3.57	3.79	3.25	3.49
Beneish M-scorePublished threshold −1.78	–	−2.48	−1.90	−2.37	−1.93	−2.39
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	1.78	10.08	10.57	26.40	14.61
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	2.54	1.93	1.78	1.43
Receivables growth less revenue growthOur threshold 0 percentage points	–	−18.16	37.16	−32.15	31.82	−21.17
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	−0.71	−24.12	−21.03	−2.84	−10.87
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	−0.85	0.19	0.30	1.59	0.79
Assets under construction, years of additionsOur threshold 2 years of additions	–	0.18	0.16	0.31	0.27	0.28
Effective tax ratePublished threshold 17.16 per cent	34.59	35.27	29.30	24.19	25.60	28.19
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	20.64	8.81	−9.05	−1.80	11.06

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
28 Jul 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil A1+Review, Other		655
28 Jul 2026	CRISIL Ratings Limited (opens in a new tab)	Bank Facilities	Crisil AA-Review, Other	Positive	900

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.