30-Oct-2026 07:59:18
CRAFTSMANGeneral news
GOLDMAN SACHS ON CRAFTSMAN AUTOMATION ; BUY | TP ₹13,000
• Goldman Sachs maintains Buy rating on Craftsman Automation with a target price of ₹13,000. • Q2 revenue UP 47% YoY, EBITDA UP 30% YoY and net profit UP 68% YoY; results broadly in line with estimates. • EBITDA margin contracts 178 bps YoY to 13.3% amid rising input-cost pressures. • New production launches, higher-CC engine mix and Sunbeam margin recovery expected to support H2 growth. • Cuts FY27–29 EPS estimates by 2% each, but expects stronger growth from the Tata Motors–Stellantis partnership.
CRAFTSMAN AUTOMATION LTD