Craftsman Automation Ltd, a key player in the automotive and industrial components sector, is gearing up for significant growth, driven by strategic acquisitions and capacity expansions. The company has set a capital expenditure target of ₹850 crore for the current fiscal and aims to achieve consolidated revenue of ₹7,000 crore in FY26.
While the Coimbatore-based firm has traditionally not provided revenue forecasts, its recent acquisitions and business momentum have led to a revised outlook. “We expect our consolidated revenue to grow from ₹5,500 crore to around ₹7,000 crore in FY26,” said Srinivasan Ravi, Chairman and Managing Director, during the company’s Q3 FY25 earnings call.
This revenue projection factors in acquisitions made in the latter half of the current fiscal year, making it an indicative growth estimate rather than a direct year-on-year comparison. The company expects consolidated EBITDA to increase from ₹850 crore to over ₹1,100 crore, reflecting a 29% rise, while EBIT is projected to climb 40% from ₹500 crore to ₹700 crore. Nearly 90-95% of the company’s investments have been focused on organic growth and domestic acquisitions, with only ₹150 crore allocated to overseas expansion, specifically for a subsidiary supporting the stationary engine business.
Craftsman Automation has committed approximately ₹1,015 crore towards strategic investments this fiscal. Major allocations include ₹250 crore for acquiring the remaining 24% stake in DR Axion, ₹606 crore for Sunbeam as OCD (with partial recovery expected from a land sale), and ₹154 crore for Craftsman Germany, of which ₹94 crore was used for acquisition and ₹60 crore for working capital. The company is also relocating Sunbeam’s Gurgaon factory, with completion expected by Q1 FY26. The land sale will be finalized once the move is completed. As part of the transition, half of the employees opting for VRS were relieved in November 2024, with the rest set to exit by April or May 2025.
For the ongoing fiscal, Craftsman plans to spend ₹850 crore on capital projects, with ₹700 crore already utilized. This includes ₹219 crore invested in a greenfield facility in Bhiwadi. These investments are aimed at strengthening the company’s manufacturing capabilities and supporting its long-term growth objectives.
Established in 1986 and headquartered in Coimbatore, India, the company has built a strong reputation in the automotive, industrial, and powertrain sectors. Craftsman Automation offers a diverse range of high-quality products, including aluminum die-casting, storage solutions, and precision machining components for both domestic and global markets.
With a focus on advanced technology, automation, and sustainable practices, the company continues to drive innovation, catering to major OEMs and industrial clients. Its commitment to quality, efficiency, and customer satisfaction has positioned Craftsman Automation as a trusted name in the manufacturing industry.
