Craftsman Automation Limited — Investor Meet, 02-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Craftsman Automation's Q3 saw aluminium margins dip due to a new plant startup, with recovery expected from Q4. Alloy wheel utilization is under 50%, targeting 60-70% by Q3 next year with better margins. Powertrain expects growth from higher engine capacities and tractor horsepower, aided by automation. Industrial & Engineering's strong EBIT margins are sustainable due to operating leverage and market consolidation. Sunbeam is streamlining its business, targeting a 10% EBITDA exit run rate. Stationary engine orders are robust, aiming for $100 million revenue by FY29. Consolidated net debt-to-EBITDA is 2.55, with the company balancing growth-driven capex (near INR 1,000 Cr this year) with debt reduction, aiming for 1.5. Management is confident in strategic growth.