MoneyWorks4Me

Craftsman Automation moves up on getting nod to incorporate step-down WOS in Germany

24 Aug 2026 Evaluate

Craftsman Automation is currently trading at Rs. 10692.95, up by 53.35 points or 0.50% from its previous closing of Rs. 10639.60 on the BSE.

The scrip opened at Rs. 10949.95 and has touched a high and low of Rs. 10949.95 and Rs. 10668.40 respectively. So far 267 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10995.65 on 19-Aug-2026 and a 52 week low of Rs. 6251.65 on 16-Mar-2026.

Last one week high and low of the scrip stood at Rs. 10995.65 and Rs. 10294.50 respectively. The current market cap of the company is Rs. 27902.60 crore.

The promoters holding in the company stood at 42.41%, while Institutions and Non-Institutions held 50.07% and 7.52% respectively.

Craftsman Automation’s Board has approved the proposal for incorporation of Craftsman Fronberg Precision GmbH in Germany by Craftsman Germany GmbH, a wholly owned subsidiary (WOS) of the Company, subject to completion of statutory and regulatory formalities and such approvals as may be required under applicable laws. The Board of Directors of the Company, by way of Circular Resolution dated August 21, 2026, has approved the proposal.

Upon incorporation, Craftsman Fronberg Precision GmbH shall become a wholly owned subsidiary of Craftsman Germany GmbH and consequently a step-down wholly owned subsidiary of Craftsman Automation. The proposed entity is being incorporated for undertaking machining and processing activities relating to engine and engineering components. The incorporation is intended to support the development of in-house machining capabilities, strengthen operational flexibility and support future growth of the Group's Germany operations.

Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment (automotive -powertrain and others), aluminium products for the automotive segment (automotive - aluminium Products), and industrial and engineering products segment (industrial and engineering).

Craftsman Automation Share Price

11128.00 239.60 (2.20%)
28-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 165.30
Tube Investments 2844.00
Bosch 48621.30
UNO Minda 1275.55
Motherson SumiWiring 37.71
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: