Craftsman Automation Receives Credit Rating Reaffirmation from CRISIL, Subsidiary Ratings Upgraded
Published on: March 20, 2026, 11:25 p.m. | Source: scanx.trade
CRISIL Ratings reaffirmed Craftsman Automation's 'AA-/Stable' and 'A1+' credit ratings on March 20, 2026, while upgrading subsidiary Sunbeam's ratings to 'BBB+/Watch Positive'. The company announced plans to merge aluminum business subsidiaries DR Axion and Sunbeam effective April 1, 2026. Craftsman Automation reported strong financial performance with operating revenues of Rs.5843 crore in the first nine months of fiscal 2026, representing 48.3% growth, driven primarily by the aluminum segment which contributed over 60% of revenues.
