Craftsman Automation Limited (CRAFTSMAN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-92.6%

₹763.90

vs ₹10,369.00 price

Levered DCF

-₹4,122.66

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.76

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	42.48×	56.83×	30.29×	27.69×	30.55×	29.38×	72.21×	29.67×
P/B	5×	3.87×	5.56×	5×	4.39×	2.95×	4.02×	4.23×
P/S	2.02×	1.96×	2.09×	2.17×	2.27×	1.86×	1.97×	1.62×
EV / EBITDA	15.38×	16.19×	12.27×	11.92×	10.83×	8.14×	10.28×	8.9×
Gross margin	45.4%	26.7%	29.5%	32.4%	35.9%	40.3%	55.0%	56.7%
Operating margin	9.8%	8.7%	13.7%	14.7%	15.0%	16.4%	14.0%	15.4%
Net margin	4.8%	3.4%	6.9%	7.8%	7.4%	6.3%	2.7%	5.4%
Current ratio	1.07×	1.21×	1.16×	1.2×	1.05×	0.99×	0.81×	0.74×
Debt / equity	1.11×	0.83×	1.06×	0.9×	0.7×	0.83×	1.61×	1.6×
Interest coverage	2.57×	2.31×	3.5×	4.4×	4.33×	2.3×	1.6×	2.18×
Dividend yield	0.1%	0.2%	0.3%	0.1%	0.0%	0.0%	0.2%	0.0%
Payout ratio	3.1%	12.2%	7.8%	3.2%	0.0%	0.0%	15.2%	1.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.8%	6.8%	18.4%	18.0%	14.4%	10.0%	5.6%	14.3%
Return on invested capital	8.2%	7.0%	12.6%	11.6%	10.4%	8.9%	7.7%	10.6%
Return on assets	4.3%	2.7%	6.5%	6.5%	6.1%	4.1%	1.7%	4.2%
Free cash flow yield	-4.1%	-6.4%	-1.3%	3.8%	2.3%	9.2%	5.7%	-0.0%
Earnings yield	2.4%	1.8%	3.3%	3.6%	3.3%	3.4%	1.4%	3.4%
Enterprise value	₹197.9B	₹133.3B	₹109.1B	₹80.9B	₹57.5B	₹36.3B	₹39.9B	₹39.6B
Net debt / EBITDA	2.7×	2.76×	1.9×	1.79×	1.45×	1.74×	2.83×	2.41×
Cash conversion cycle (days)	74	60	76	83	92	79	73	40