Craftsman Automation Ltd

Craftsman Automation Limited: Trading Window closed from 1 October 2026 until the expiry of 48 hours after the declaration of the unaudited financial results for the quarter and half year ending 30 September 2026 to the public.

Meeting Details

• Date and time: 2 September 2026, 12:00–13:00 IST.
• Type: one-on-one, virtual meeting.
• Event: Analyst / Institutional Investor Meeting with Allianz Global Investors.

Participants

• Company participant: representative (role unspecified).

Purpose

• Purpose: general investor interaction with Allianz Global Investors.

Additional Notes

• Note: No unpublished price sensitive information discussed.

Subsidiary incorporation

• Craftsman Fronberg Precision GmbH incorporated in Germany on 27 August 2026 as a WOS of Craftsman Germany GmbH.
• Consequently, it becomes a step-down wholly owned subsidiary of Craftsman Automation Limited, effective 27 August 2026.
• Initial share capital of EUR 25,000; 100% held by Craftsman Germany GmbH.
• Purpose: undertake machining and processing of engine and engineering components to support growth.
• An Annexure A disclosure notes turnover not applicable for the newly formed entity.
• Nature of consideration: cash subscription to share capital.

German subsidiary incorporation

• Board approval in Circular Resolution dated 21 August 2026 to incorporate Craftsman Fronberg Precision GmbH in Germany.
• Wholly owned by Craftsman Germany GmbH, becoming a step-down subsidiary of Craftsman Automation Limited on incorporation.
• Initial share capital of EUR 25,000 and cash subscription to share capital.
• Proposed for machining and processing of engine and engineering components to boost in-house capabilities.
• Subject to incorporation and registration formalities and applicable regulatory approvals.
• Proposed completion upon incorporation and registration in Germany.

Meeting Details

• Date: 14 August 2026; Time: not disclosed.
• Type/Mode: Physical meeting and one-to-one/group interactions.
• Organizer: Avendus Spark INDX Asia Edition conference.

Participants

• Company representative to attend.

Purpose

• Purpose: Analyst/institutional investor meeting at conference.

Additional Notes

• Note: No UPSI will be disclosed during the meeting.

Meeting Details

• Date: 12 August 2026; Time: not disclosed
• Type/Mode: Physical and one-to-one/group
• Event/Organizer: Emkay Confluence 2026 conference

Participants

• Company representative: Company Secretary & Compliance Officer

Purpose

• Participation in investor conference for analyst/institutional investor interaction

Additional Notes

• Schedule subject to change; no UPSI disclosed

Financial Performance

• Q1 FY27: powertrain growth not strong YoY; now normal pace.
• Aluminium segment on growth path; capacity additions driving faster growth.
• Orders favor 4W heavy and 2W; more production planned in FY29.
• Kothavadi: target USD 100 million revenue in FY29; casting at Kothavadi, machining at Arasur.
• Sunbeam: 90% restructuring complete by December; improving results from current quarter.

Capex & Investments

• DR Axion capex plan around INR 430 crores; two-year horizon; some spillover possible.
• Standalone capex averaging more than INR 1,000 crores; pace linked to growth.
• Consolidated capex around INR 1,500 crores for the year; revisions possible.
• Hosur Unit 3: high-pressure die casting; phased capacity; not alloy wheel.
• DR Axion land around INR 150 crores; ~50 acres; infra ~INR 75-80 crores.
• Sunbeam capex: maintenance plus capacity-building; DR Axion capex heavy.
• Funding via internal accruals; no immediate need for public-market funding.
• Depreciation around INR 500 crores currently.

Operations & Capacity

• Powertrain utilization around 70-75% on average; festive-season peak near 80%.
• Aluminium utilization above 80%.
• Alloy wheel capacity 5.8 million; expected to cross 4 million wheels this year.
• Capex across DR Axion and Sunbeam; phased over 2-4 quarters.

Projects & Programs

• Heavy horsepower engines: 6 customers; 4 orders; 1 order shortly.
• FY28: 30% revenue from new heavy HP projects; FY29: 50%; FY30: full revenue.
• Two products require 1-year productionization; data exchange with engineering teams.
• Sunbeam: exiting legacy low-margin lines; Q4 EBITDA mid-teens; revenue down 10-20%, margins up.

Guidance & Outlook

• Capex cycle has started in India; expected to continue long-term.
• Funding via internal accruals; no immediate need for public markets.
• Board may revise capex if demand improves; potential tail-end revisions.
• Land deal for DR Axion close to signing.

Q&A Highlights

• Capex distribution: DR Axion INR 430 crores; standalone > INR 1,000 crores; consolidated ~ INR 1,500 crores.
• Aluminium & powertrain: 4W/2W growth; utilization ~80%; future capacity aligned with demand.
• Heavy HP timelines: productionized by FY28/29; full revenue by FY30.
• Sunbeam: margin uplift from exiting low-margin lines; Q4 mid-teens EBITDA margin.

Meeting Details

• Date and time: 30 July 2026, 3:30 PM IST.
• Event: Earnings conference call for Craftsman Automation Limited.
• Recording available on company website.

Purpose

• Discuss unaudited financial results for the quarter ended June 2026.

Business Overview

• Diversified engineering company with three verticals: Powertrain, Aluminium, Industrial & Engineering.
• End-to-end solution provider with in-house design, process engineering, manufacturing.
• 31 facilities; 28 integrated; 2 under construction in Hosur & Chennai; 1 in Germany.
• Inorganic growth via DR Axion, Sunbeam, Suprash, and Srikara acquisitions.
• Greenfield expansions planned at Bhiwadi, Kothavadi, Hosur; Ludhiana satellite unit planned.

Operational Highlights

• FY26 revenue ₹8,069 crores; EBITDA ₹1,299 crores, the highest revenue from operations.
• 8 million sq ft built-up footprint across 31 facilities.
• Two plants under construction in Hosur and Chennai; additional greenfields at Hosur, Kothavadi, Bhiwadi.
• New satellite unit at Ludhiana announced.
• Scheme of Arrangement filed to merge DR Axion, Suprash and Srikara into Sunbeam Lightweighting Solutions.

Financial Performance

• FY26 revenue ₹8,069 crores; EBITDA ₹1,299 crores.
• Market capitalization around ₹24,734 crores; listed on BSE/NSE since March 2021.

Strategic Priorities & Outlook

• Strategic emphasis on greenfield capacity additions and mergers to expand lightweighting capability.
• Proposed Hosur unit 3 greenfield facility.
• Ludhiana satellite unit to support expansion and Sunbeam integration.
• New greenfields at Bhiwadi, Kothavadi, and Hosur.
• Scheme of Arrangement filed to merge DR Axion, Suprash, and Srikara into Sunbeam Lightweighting Solutions.

Governance & Leadership

• Chairman and MD: Srinivasan Ravi.
• Whole-time Director: Ravi Gauthamram.
• Independent Directors: Vijaya Sampath, TSV Rajagopal, Rajeswari Karthigeyan.
• CFO: C.B. Chandrasekar.
• Company Secretary & Compliance Officer: Shainshad Aduvanni.

Issue overview

• QIP of equity shares; no undersubscription reported.
• Main objectives: debt repayment and general corporate purposes.
• Utilisation per MA: as disclosed; no deviations observed.
• Issue expenses revised; board approved corrected amount.

Utilisation of proceeds

• Repayment of borrowings fully utilized per note.
• General corporate purposes partially utilized; remaining idle.
• Issue expenses partially utilized; remaining unutilized.
• Means of finance unchanged; no material changes.

GCP utilization

• GCP utilized: 2,904.17 lakhs for operational payments (land lease).
• Board approval for GCP allocation not reported.

Deployment of unutilised proceeds

• Unutilised proceeds parked in fixed deposits and monitoring account.
• Total unutilised funds as of quarter end reported.
• Interest income from unutilised proceeds not included in MA scope.

Delay in implementation

• No delay in utilization reported.

Governance and compliance

• Deviations from objects: none observed.
• Approvals status not explicitly detailed in report.
• No material events affecting viability reported.