Craftsman Automation Ltd.
CRAFTSMANConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
22 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 22 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210511 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210723 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211028 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220202 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220516 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220730 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221022 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230131 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230515 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230728 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231106 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240201 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240506 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240731 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241028 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250203 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250512 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250804 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251112 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260202 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260513 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260804 | 2026-06-30 | yes |
CRAFTSMAN
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 10,710.00 |
| 52-week range | 6424.0 – 11851.0 |
| Return 1M | 3.23% |
| Return 3M | 15.76% |
| Return 1Y | 56.9% |
| Return 3Y | 129.18% |
| Return 5Y | 406.13% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,432.00 |
| Other income | 23.00 |
| Total income | 2,455.00 |
| Cost of materials consumed | 1,458.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -107.00 |
| Employee benefit expense | 166.00 |
| Finance costs | 86.00 |
Ownership — 2026-06-30, and the change from 2026-06-18
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.42 | -0.02 |
| institutions foreign | 0.17 | 0.00 |
| institutions domestic | 0.33 | 0.02 |
| mutual funds | 0.24 | 0.01 |
| public | 0.58 | 0.02 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 22 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2021-12-31 | 2022-03-31 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 554.00 | 657.00 | 776.00 | 749.00 | 980.00 | 1,038.00 | 1,179.00 | 1,130.00 | 1,105.00 | 1,151.00 | 1,214.00 | 1,576.00 | 2,002.00 | 2,057.00 | 2,226.00 | 2,432.00 |
| Other income | 2.00 | 4.00 | 2.00 | 5.00 | 5.00 | 4.00 | 5.00 | 4.00 | 5.00 | 5.00 | 6.00 | 9.00 | 10.00 | 28.00 | 19.00 | 23.00 |
| Total income | 556.00 | 661.00 | 778.00 | 754.00 | 985.00 | 1,041.00 | 1,184.00 | 1,133.00 | 1,111.00 | 1,156.00 | 1,220.00 | 1,585.00 | 2,011.00 | 2,085.00 | 2,246.00 | 2,455.00 |
| Cost of materials consumed | 275.00 | 326.00 | 406.00 | 401.00 | 563.00 | 570.00 | 643.00 | 632.00 | 677.00 | 638.00 | 702.00 | 1,022.00 | 1,154.00 | 1,119.00 | 1,225.00 | 1,458.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -21.00 | -3.00 | -9.00 | -23.00 | -31.00 | -25.00 | -16.00 | -31.00 | -78.00 | 10.00 | -26.00 | -190.00 | -58.00 | 12.00 | -10.00 | -107.00 |
| Employee benefit expense | 54.00 | 46.00 | 58.00 | 58.00 | 61.00 | 67.00 | 72.00 | 76.00 | 73.00 | 74.00 | 83.00 | 133.00 | 144.00 | 149.00 | 149.00 | 166.00 |
| Finance costs | 20.00 | 24.00 | 23.00 | 30.00 | 42.00 | 42.00 | 42.00 | 44.00 | 46.00 | 49.00 | 41.00 | 58.00 | 77.00 | 79.00 | 86.00 | 86.00 |
| Depreciation and amortisation | 52.00 | 54.00 | 55.00 | 54.00 | 60.00 | 68.00 | 67.00 | 70.00 | 72.00 | 72.00 | 76.00 | 103.00 | 109.00 | 115.00 | 118.00 | 120.00 |
| Other expenses | 119.00 | 133.00 | 149.00 | 155.00 | 199.00 | 212.00 | 242.00 | 232.00 | 227.00 | 232.00 | 263.00 | 413.00 | 460.00 | 465.00 | 504.00 | 532.00 |
| Total expenses | 499.00 | 580.00 | 682.00 | 674.00 | 894.00 | 934.00 | 1,050.00 | 1,024.00 | 1,017.00 | 1,076.00 | 1,139.00 | 1,539.00 | 1,886.00 | 1,939.00 | 2,072.00 | 2,254.00 |
| Profit before exceptional items and tax | 57.00 | 81.00 | 96.00 | 80.00 | 91.00 | 107.00 | 134.00 | 109.00 | 94.00 | 81.00 | 82.00 | 46.00 | 125.00 | 146.00 | 173.00 | 200.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -15.00 | -0.00 | -4.00 | -1.00 | 0.00 |
| Profit before tax | 57.00 | 81.00 | 96.00 | 80.00 | 91.00 | 107.00 | 134.00 | 109.00 | 94.00 | 81.00 | 82.00 | 31.00 | 125.00 | 142.00 | 173.00 | 200.00 |
| Current tax | 20.00 | 29.00 | 32.00 | 27.00 | 35.00 | 32.00 | 33.00 | 28.00 | 24.00 | 21.00 | 21.00 | 15.00 | 35.00 | 31.00 | 43.00 | 41.00 |
| Deferred tax | -0.00 | 1.00 | 2.00 | 1.00 | -23.00 | -5.00 | -3.00 | -0.00 | -1.00 | 0.00 | -0.00 | 3.00 | -0.00 | 4.00 | 13.00 | 9.00 |
| Tax expense | 20.00 | 30.00 | 34.00 | 28.00 | 11.00 | 27.00 | 30.00 | 28.00 | 23.00 | 21.00 | 20.00 | 18.00 | 34.00 | 35.00 | 57.00 | 50.00 |
| Profit for the period | 38.00 | 51.00 | 62.00 | 52.00 | 80.00 | 81.00 | 104.00 | 81.00 | 71.00 | 59.00 | 62.00 | 13.00 | 91.00 | 107.00 | 116.00 | 151.00 |
| Profit attributable to owners | — | — | — | — | 78.00 | 74.00 | — | 73.00 | — | 53.00 | 62.00 | 13.00 | — | — | 116.00 | 151.00 |
| Profit attributable to non-controlling interests | — | — | — | — | 3.00 | 6.00 | — | 8.00 | — | 6.00 | 0.00 | 0.00 | — | — | 0.00 | 0.00 |
| Other comprehensive income | 3.00 | 1.00 | -2.00 | 3.00 | 1.00 | 2.00 | -1.00 | 1.00 | -1.00 | 5.00 | -0.00 | -15.00 | 6.00 | 3.00 | 7.00 | -0.00 |
| Total comprehensive income | 40.00 | 53.00 | 61.00 | 54.00 | 82.00 | 83.00 | 103.00 | 82.00 | 70.00 | 65.00 | 61.00 | -2.00 | 97.00 | 110.00 | 124.00 | 150.00 |
| Earnings per share, basic | 17.80 | 24.36 | 29.57 | 24.43 | 36.76 | 35.25 | 44.75 | 34.61 | 29.50 | 24.82 | 27.24 | 5.42 | 38.09 | 44.90 | 48.80 | 62.25 |
| Earnings per share, diluted | 17.80 | 24.36 | 29.57 | 24.43 | 36.76 | 35.25 | 44.75 | 34.61 | 29.50 | 24.82 | 27.24 | 5.42 | 38.09 | 44.90 | 48.80 | 62.25 |
Annual results, as filed
| Line | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|
| Revenue from operations | 1,560.00 | 2,217.00 | 3,183.00 | 4,452.00 | 8,069.00 |
| Other income | 10.00 | 7.00 | 13.00 | 17.00 | 61.00 |
| Total income | 1,570.00 | 2,224.00 | 3,195.00 | 4,469.00 | 8,131.00 |
| Cost of materials consumed | 673.00 | 1,065.00 | 1,700.00 | 2,522.00 | 4,525.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -6.00 | -31.00 | -70.00 | -150.00 | -123.00 |
| Employee benefit expense | 145.00 | 188.00 | 234.00 | 288.00 | 587.00 |
| Finance costs | 107.00 | 84.00 | 120.00 | 175.00 | 309.00 |
| Depreciation and amortisation | 192.00 | 206.00 | 222.00 | 278.00 | 444.00 |
| Other expenses | 311.00 | 461.00 | 636.00 | 913.00 | 1,842.00 |
| Total expenses | 1,421.00 | 1,973.00 | 2,841.00 | 4,025.00 | 7,584.00 |
| Profit before exceptional items and tax | 149.00 | 251.00 | 354.00 | 444.00 | 546.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -13.00 |
| Profit before tax | 149.00 | 251.00 | 354.00 | 444.00 | 533.00 |
| Current tax | 54.00 | 89.00 | 123.00 | 117.00 | 135.00 |
| Deferred tax | -2.00 | 0.00 | -19.00 | -10.00 | 15.00 |
| Tax expense | 51.00 | 89.00 | 104.00 | 107.00 | 150.00 |
| Profit for the period | 97.00 | 163.00 | 251.00 | 337.00 | 384.00 |
| Profit attributable to owners | 102.00 | — | 248.00 | — | 384.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 3.00 | — | 0.00 |
| Other comprehensive income | 5.00 | 5.00 | 1.00 | 0.00 | 35.00 |
| Total comprehensive income | 102.00 | 168.00 | 252.00 | 338.00 | 419.00 |
| Earnings per share, basic | 48.32 | 77.19 | 117.56 | 144.11 | 160.96 |
| Earnings per share, diluted | 48.32 | 77.19 | 117.56 | 144.11 | 160.96 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 2,856.00 | 3,807.00 | 4,247.00 | 4,706.00 | 5,930.00 | 8,266.00 | 8,978.00 |
| Non-current assets | 1,731.00 | 2,319.00 | 2,553.00 | 2,923.00 | 3,421.00 | 4,753.00 | 5,357.00 |
| Current assets | 1,125.00 | 1,488.00 | 1,694.00 | 1,783.00 | 2,509.00 | 3,164.00 | 3,272.00 |
| Property, plant and equipment | 1,496.00 | 1,839.00 | 1,951.00 | 2,133.00 | 2,301.00 | 3,363.00 | 3,981.00 |
| Capital work-in-progress | 67.00 | 97.00 | 154.00 | 179.00 | 394.00 | 453.00 | 382.00 |
| Goodwill | 0.00 | 190.00 | 190.00 | 190.00 | 190.00 | 190.00 | 190.00 |
| Other intangible assets | 88.00 | 95.00 | 135.00 | 243.00 | 265.00 | 467.00 | 506.00 |
| Inventories | 632.00 | 836.00 | 965.00 | 1,041.00 | 1,143.00 | 1,614.00 | 1,745.00 |
| Trade receivables | 374.00 | 535.00 | 616.00 | 577.00 | 624.00 | 1,145.00 | 1,111.00 |
| Cash and cash equivalents | 29.00 | 27.00 | 22.00 | 63.00 | 131.00 | 142.00 | 145.00 |
| Total equity and liabilities | 2,856.00 | 3,807.00 | 4,247.00 | 4,706.00 | 5,930.00 | 8,266.00 | 8,978.00 |
| Equity | 1,244.00 | 1,438.00 | 1,600.00 | 1,752.00 | 2,784.00 | 3,030.00 | 3,264.00 |
| Equity share capital | 11.00 | 11.00 | 11.00 | 11.00 | 12.00 | 12.00 | 12.00 |
| Other equity | 1,233.00 | 1,366.00 | 1,512.00 | 1,647.00 | 2,772.00 | 3,018.00 | 3,252.00 |
| Total liabilities | 1,613.00 | 2,369.00 | 2,647.00 | 2,954.00 | 3,146.00 | 5,236.00 | 5,714.00 |
| Non-current liabilities | 661.00 | 1,126.00 | 1,228.00 | 1,423.00 | 1,384.00 | 2,135.00 | 2,649.00 |
| Current liabilities | 952.00 | 1,242.00 | 1,419.00 | 1,531.00 | 1,762.00 | 3,101.00 | 3,065.00 |
| Borrowings, non-current | 445.00 | 906.00 | 982.00 | 1,125.00 | 1,090.00 | 1,926.00 | 2,411.00 |
| Borrowings, current | 284.00 | 247.00 | 394.00 | 422.00 | 642.00 | 1,113.00 | 930.00 |
| Trade payables | 459.00 | 712.00 | 756.00 | 801.00 | 734.00 | 1,321.00 | 1,460.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 327.00 | 233.00 | 608.00 | 168.00 | 513.00 | -365.00 | -126.00 | 522.00 |
| Net cash from investing activities | -209.00 | -172.00 | -683.00 | -275.00 | -626.00 | -805.00 | -569.00 | -1,313.00 |
| Net cash from financing activities | -120.00 | -61.00 | 73.00 | 102.00 | 148.00 | 1,237.00 | 738.00 | 827.00 |
| Purchase of property, plant and equipment | 213.00 | 176.00 | 345.00 | 276.00 | 631.00 | 467.00 | 569.00 | 1,188.00 |
| Net increase in cash | -2.00 | -0.00 | -2.00 | -5.00 | 36.00 | 68.00 | 45.00 | 47.00 |
| con:CFO.BEFORE_TAX | 364.00 | 270.00 | 680.00 | 250.00 | 661.00 | -328.00 | -84.00 | 613.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 37.00 | 37.00 | 73.00 | 82.00 | 148.00 | 37.00 | 43.00 | 91.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 345.00 | 0.00 | 4.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 3.00 | 3.00 | 6.00 | 0.00 | 3.00 | 0.00 | 1.00 | 20.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 375.00 | 0.00 | 0.00 | 0.00 | 0.00 | 146.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-21 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-18 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 54.99 | 54.99 | 54.99 | 48.70 | 48.70 | 48.70 | 48.70 | 48.70 | 48.70 | 0.49 | 0.49 | 0.49 | 0.44 | 0.42 |
| Domestic institutions | 17.28 | 17.23 | 16.00 | 21.05 | 21.46 | 21.54 | 21.00 | 22.72 | 22.67 | 0.24 | 0.25 | 0.28 | 0.31 | 0.33 |
| Mutual funds | — | — | — | — | — | — | — | — | 17.04 | 0.18 | 0.18 | 0.20 | 0.23 | 0.24 |
| Insurance companies | 0.00 | 0.13 | 0.24 | 0.83 | 0.80 | 0.63 | 0.54 | 0.90 | 0.98 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 |
| Foreign institutions | 12.68 | 12.52 | 12.55 | 15.46 | 15.76 | 16.61 | 17.00 | 15.64 | 15.83 | 0.15 | 0.16 | 0.15 | 0.17 | 0.17 |
| Government | — | — | — | — | — | — | — | — | — | — | — | 0.00 | — | 0.00 |
| Public | 45.01 | 45.01 | 45.01 | 51.30 | 51.30 | 51.30 | 51.30 | 51.30 | 51.30 | 0.51 | 0.51 | 0.51 | 0.56 | 0.58 |
| Non-institutional | 15.05 | 15.27 | 16.46 | 14.79 | 14.08 | 13.15 | 13.30 | 12.95 | 12.80 | 0.11 | 0.10 | 0.08 | 0.07 | 0.07 |
| Shares outstanding | 21128311 | 21128311 | 21128311 | 23855583 | 23855583 | 23855583 | 23855583 | 23855583 | 23855583 | 23855583 | 23855583 | 23855583 | 26154433 | 26154433 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Carl Stahl Craftsman Enterprises Private Limited | Joint Ventures | Any other transaction, Purchase of goods or services | 344,700,000.00 | 5 |
| Craftsman Europe BV - Netherlands | Wholly owned Subsidiary | Any other transaction, Purchase of goods or services | 56,700,000.00 | 3 |
| DR Axion India Private Limited | Wholly owned Subsidiary | Any other transaction, Purchase of goods or services | 41,000,000.00 | 4 |
| Srinivasan Ravi | Chairman and Managing Director - K | Remuneration | 30,240,000.00 | 1 |
| C.B.Chandrasekar | Chief Financial Officer - Key mana | Remuneration | 6,228,000.00 | 1 |
| Thiyagaraj Damodharaswamy | Chief Operating Officer - Key mana | Remuneration | 5,154,000.00 | 1 |
| Ravi Gauthamram | Whole Time Director - Key manageme | Remuneration | 5,040,000.00 | 1 |
| Shainshad Aduvanni | Company Secretary - Key management | Remuneration | 1,674,000.00 | 1 |
| Craftsman Germany GmbH | Wholly owned Subsidiary | Any other transaction, Purchase of goods or services | 0.00 | 4 |
| Craftsman Fronberg Guss GmbH | Step Down Subsidiary | Any other transaction, Purchase of goods or services | 0.00 | 4 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-04 | Q1FY27 | Read the call | |
| 2026-05-13 | Q4FY26 | Read the call | |
| 2026-02-02 | Q3FY26 | Read the call | |
| 2025-11-12 | Q2FY26 | Read the call | |
| 2025-08-04 | Q1FY26 | Read the call | |
| 2025-05-12 | Q4FY25 | Read the call | |
| 2025-02-03 | Q3FY25 | Read the call | |
| 2024-10-28 | Q2FY25 | Read the call | |
| 2024-07-31 | Q1FY25 | Read the call | |
| 2024-05-06 | Q4FY24 | Read the call | |
| 2024-02-01 | Q3FY24 | Read the call | |
| 2023-11-06 | Q2FY24 | Read the call | |
| 2023-07-28 | Q1FY24 | Read the call | |
| 2023-05-15 | Q4FY23 | Read the call | |
| 2023-01-31 | Q3FY23 | Read the call | |
| 2022-10-22 | Q2FY23 | Read the call | |
| 2022-07-30 | Q1FY23 | Read the call | |
| 2022-05-16 | Q4FY22 | Read the call | |
| 2022-02-02 | Q3FY22 | Read the call | |
| 2021-10-28 | Q2FY22 | Read the call | |
| 2021-07-23 | Q1FY22 | Read the call | |
| 2021-05-11 | Q4FY21 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Sir, can you share what the capex 9-month has been? | Q3, I think there's a start up of a new plant in Shoolagiri. | CAPEX for the year was 106 crores, mainly used for maintenance CAPEX and some technological upgradation and some capacity balancing and debottleneckin… | CAPEX is more or less in line with our depreciation, that is ₹ 227 Crores to enhance technological upgradation wherever is required and for addressing… | Capex stands at INR309 crores, mainly to enhance technological upgradation and also to address all the bottleneck areas and balancing areas and as we … | Capex has been higher than what it was envisaged earlier for two different reasons. | But there is a customer approval required for the new plant, that is taking some more time, maybe a few months more, but we are on track. | The amount of capex which has gone into powertrain and subsequently also in aluminum, the capex powertrain is very difficult to replicate because of t… |
| Capital allocation | Short-term objective is how to manage the Sunbeam acquisition and the 2 greenfield facilities of Craftsman one at Kothavadi and one at Bhiwadi. | — | — | — | I think we have also put up a presentation earlier on this acquisition. | Regarding fundraising, since we have been little leveraged now because of the huge expansion and also the acquisition which was done a year back, we h… | So, we have a global capability and global capacity now after the acquisition of Fronberg Foundry. | In the aluminium die casting side of the business, the acquisition of Sunbeam, where are we in terms of the capturing of margins via the shift and wha… |
| Costs | Yes, reduction in employee cost and because the plant being closed, any savings from that also? | — | — | Just wanted to check, we hear from the market that there is some non- availability of raw materials with respect to aluminium forging side. | However, most of the headwinds are now receding and now better absorption of the cost of the inflation is accepted by the end customer. | — | — | When inflation of manpower cost is going to go up by 20% year-on-year instead of the 5%, 10%, that will be good enough to have a manpower savings or w… |
| Debt and cash | And lastly, what would be our consol net debt now? | No, on the Powertrain, I think there is no increased requirement of working capital per se. | — | Your company had to increase the inventory and that led to increased borrowing and working capital. | Is there any change in or increase in the working capital cycle because of DR Axion or is it that naturally the working capital cycle for us has gone … | So what is the plan of deleverage the balance sheet? | So, what is your deleveraging plan for the next two to three years? | Sir, the second aspect I wanted to discuss was on cash flows. |
| Demand | So, we indicated automated storage order book is full. | And the demand for these products is increasing in India, and we are the second largest player in the country as far as the static racking. | Thank you for the opportunity Sir and congratulations on a good set of numbers, so firstly I just want to get your sense on the demand side and how is… | Moreover, recent lockdowns in key manufacturing and trade-hubs in China has impacted supplies of first of all our customers and this has also led to s… | There is a realization of pent-up demand and a lot of improvement taken place in the supply chain. | So, today the opening order book is quite substantial. | And also can you update how the Kothavadi plant order book is shaping up for the heavy engines and for the FY26 and '27, how do you see the revenue tr… | Also, the stationary engine side is the order book is for the first $100 million is finalized and is with us. |
| Guidance | And I mean, once all things normalize, I mean -- see in FY '27, any guidance you want to share on the margins for the Powertrain segment, sir? | The more interesting portion will come in the coming years when commercial vehicle moves to the higher engine capacities and gearbox capacities, which… | Going forward, we all know that FY ’19 was a good year, FY ’20 was a bad year, FY ’21 was even more bad year, so from this base we expect to only to g… | The earlier guidance on the debt reduction has happened little on the term loan front but not on the working capital. | The FY23 volumes were improving significantly has improved, given the improving narrative of demand, supply and margins, we expect the auto sector ear… | And the other portion is the other exports have not picked up as we expected. | We expect the first revenues to come in, in FY27 not in '26. | As I mentioned last time itself, we for the first time we had given some guidance because of so many changes in the business, so many plants coming in… |
| Margin | Sir, on this -- on the employee cost saving for this -- the new acquisition Sunbeam and the plant closure, any number you want to share what kind of b… | So, our margin will be on the gross margin or value addition, I would say. | EBITDA we have logged the highest EBITDA number that is 447 crores so far in the history of the company, this in spite of the small maintenance CAPEX … | EBITDA has grown 20% from ₹448 Crores this year has been ₹539 Crores. | EBIT is 37% because the absolute depreciation amount has increased by only INR10 crores, so that has increased in the EBIT (growth) margin significant… | The EBIT margin has been INR619 crores against the previous year of INR475 crores. | Sir, firstly, just if you can help us on the few data points for the quarter, what was the two-wheeler alloy wheel revenues and EBIT and also similar … | We are just lacking behind on the margin-wise with a single, still at single-digit for various reasons. |
| People | And further, we need to improve the operations and process to bring down the employee cost further -- employee headcount further. | Sir, on the alloy wheel side, how we are seeing the utilization levels for the 5.8 million capacity? | Sir powertrain business what is your capacity utilization right now? | First, I want the capacity utilization number for all the three divisions if you can give us, please. | I would say that the – if you look at the capacity utilization. | Today, the base is so small that a small capacity utilization change the margins in a big way. | Sir, thank you for giving the opportunity, Sir, my first question is if you can help with the utilization of various business segments currently for Q… | There the capacity utilization is practically in 10% level because still all the lines and samples and prototypes are going on. |
| Pricing | — | And the end product of the OEM, which goes to the market, the product is so highly priced because of the technology it is packed in and also the produ… | The automotive aluminium EBIT has degrown from 9 crore to 3 crore mainly due to the increase of raw material price increase and the price variation cl… | Auto aluminium was ₹440 Crores, last year was ₹330 Crores but this is mostly due to aluminium commodity price increase, industrial engineering was ₹61… | So there are-- the product pricing also of the two-wheeler segment, I think you have seen the 44% or 45% increase in the cost of the vehicle, some thi… | — | So, even though margins may be low, once we see the traction what we got in Q4, which will continue into the next financial year, of course, there can… | Yes, there should be not a price increase, but a reset of the prices, I would say, because price increase means it is a small percentage, but now on, … |
| Revenue growth | We talked about in FY '27, each of the plants, Bhiwadi alloy wheel and Hosur alloy wheel, each will contribute more than INR400 crores on the top line… | And are we looking some improvement on the business and on the top line and the margin side, sir? | Now, we will move onto the segment wise results: The auto powertrain has grown by 14%, the top line has grown from 709 to 811. | Standalone financials; highest ever sales ₹2,200 Crores, which is 43% over last year in gross terms on the top line and I would say it is 32% in real … | The turnover has been the highest that is INR2,980 crores, 35% growth over the previous year, but in real value addition terms we have grown by 27% an… | So the top line has not improved along with that matter. | So, that will also change the top line a little. | How should we see FY '27 to be looking like on the revenue growth side? |