Neutral Craftsman Automation; target of Rs 7096: Motilal Oswal

Motilal Oswal recommended Neutral rating on Craftsman Automation with a target price of Rs 7096 in its research report dated January 29, 2026.

Broker Research

February 02, 2026 / 15:10 IST

Neutral

Motilal Oswal's research report on Craftsman Automation

Craftsman Automation (Craftsman)’s 3QFY26 consol. adj. PAT of INR1.1b was ahead of our estimate of INR965m, largely led by a higher-than expected other income, even as EBITDA margin was in line. The aluminum business is likely to be a key growth driver going forward on the back of a ramp-up of its alloy wheel facilities at Bhiwadi and Hosur, steady order visibility from both domestic and export customers, and the benefits of the restructuring of Sunbeam to be visible from FY27E. However, post the recent run-up in the stock, most of the positives seem factored in at 31.6x FY27E and at 24.3x FY28E. We reiterate our Neutral rating with a TP of INR7,096 (valued at 25x Dec’27E EPS).

Outlook

We reiterate our Neutral rating with a TP of INR7,096 (valued at 25x Dec’27E EPS).

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