Craftsman Automation Ltd (CRAFTSMAN) — share price & stock analysis

Market cap

₹24,337 Cr

P/E

63.7×

ROE

12.5%

vs own 10-yr valuation

81st pctile

Book value / share

₹1,368

EPS (TTM)

₹160

10-yr median P/E

38.2×

Revenue (FY26)

₹8,069 Cr

Profit after tax (FY26)

₹384 Cr

Weinstein stage

Stage 2 (57 weeks)

Data as of

1 July 2026

5 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 14% — decent; real debt (1.11× equity); margins near the bottom of their band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The market has pre-paid for growth that hasn’t arrived yet

Since May 2021, the stock is up 467% while earnings per share grew 249%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 63.7× means the market is paying up — this is the expensive end of its own history since 2021 (81st percentile).pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots (the window starts at the first stable snapshot — earlier IPO-era share-count revisions are excluded, since they are not earnings events); between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (38.2×).

An uptrend that has held for 57 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 57 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹7,616 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 59 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits are at an all-time high

Over 12 years, sales went from ₹588 Cr to ₹8,069 Cr (about 24% a year), and profit from ₹43.0 Cr to ₹384 Cr.revenuenet_profit

The margin story is less kind: from 28.1% at the FY21 peak down to 15.3% now — near its 12-year low, though stabilising. The profit growth has come from volume, not richer economics.operating_profit

Sales jumped 27% last quarter — growth every single quarter for over 2 years

Mar 26 sales were ₹2,226 Cr, up 27% on the same quarter last year.revenue

That makes 10 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are widening — 14% → 16% in a year

Of every ₹100 of sales, the company keeps ₹16.1 as operating profit (a year ago it kept ₹13.9).opm_pct

The gross margin barely moved (46% → 45%), so the change came from running costs — the business is getting more efficient as it scales.gpm_pctopm_pct

Profit exploded 73% — mostly from selling more

Mar 26 profit after tax was ₹116 Cr, up 73% year on year.net_profit

A caution: a meaningful slice of this jump came from income outside the core business — that is lower-quality profit and may not repeat.other_income

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹1,336 Cr of profit and collected ₹2,253 Cr of operating cash — about 169% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 74 days to go out the door as materials and come back as collected cash — up from 59 days the year before.cash_conversion_cycle

The biggest mover: suppliers being paid sooner (157 → 121 days).payable_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹724 Cr (FY14) to ₹4,676 Cr, with another ₹382 Cr of capacity under construction right now.fixed_assetscwip

The build is bigger than the cash engine: investing outflows (₹3,570 Cr) exceeded operating cash (₹1,318 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow

Carrying real debt

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹111 — total borrowings have grown from ₹551 Cr to ₹3,623 Cr over the window.borrowings

Every ₹100 kept in the business earns ₹14 — decent, not special

Return on capital employed is 14.0% (a year ago: 12.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Promoter holding dropped in one step — an event, not a slow exit

Promoters hold 44.4% (down 4.3 points over 8 quarters). Foreign funds own 17.1%, domestic funds 31.1%.promoters_pctfiis_pctdiis_pct

The promoter move came in a single step (Jun 26) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct

The numbers earn a deeper study — and watch the one thing that matters

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: cash generation rising (₹283 Cr → ₹522 Cr).operating_cash_flow

Biggest worry: debt moving the wrong way (0.83× → 1.11×).borrowings

One dissent worth hearing: our catalysts lens reads negative — “5 earnings trigger(s): Operating Leverage Inflection (Aluminum Consolidation), Alloy Wheel Utilization Ramp (5.5M capacity → 4M target), Stationary Engines for ”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data