Greaves Cotton Ltd

Greaves Cotton Ltd

₹ 171 1.99%
08 May - close price
About

Greaves Cotton is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc.(Source : 202003 Annual Report Page No:98)

Key Points

Business Segments
1) Engines (61% in FY24 vs 64% in FY22): Manufactures diesel/petrol/CNG engines, power gensets, and trading of power tillers, etc. It offers non-auto engines ranging from 1.5 HP to 700 HP for various applications. [1]

  • Market Cap 3,992 Cr.
  • Current Price 171
  • High / Low 245 / 120
  • Stock P/E 17.7
  • Book Value 69.5
  • Dividend Yield 1.17 %
  • ROCE 20.1 %
  • ROE 14.7 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 93.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.5%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
437 396 459 443 481 445 468 502 573 541 552 575 698
385 351 395 376 425 395 409 436 489 465 474 496 610
Operating Profit 52 45 64 67 56 50 59 67 84 76 78 78 87
OPM % 12% 11% 14% 15% 12% 11% 13% 13% 15% 14% 14% 14% 13%
3 11 100 56 10 12 5 11 9 13 6 -7 -3
Interest 0 0 0 1 0 1 0 0 0 1 1 1 1
Depreciation 9 9 10 11 11 12 12 11 10 12 12 13 13
Profit before tax 45 45 154 112 54 49 52 66 83 76 72 58 71
Tax % 35% 26% 20% 22% 27% 26% 26% 26% 25% 26% 26% 26% 32%
29 34 123 88 39 37 39 49 62 57 53 43 48
EPS in Rs 1.27 1.46 5.32 3.78 1.70 1.57 1.66 2.11 2.66 2.43 2.26 1.85 2.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,689 1,613 1,634 1,792 1,988 1,821 1,329 1,178 1,550 1,779 1,988 2,365
1,496 1,411 1,394 1,537 1,713 1,593 1,232 1,132 1,398 1,547 1,727 2,045
Operating Profit 192 203 240 255 275 228 97 45 151 232 261 320
OPM % 11% 13% 15% 14% 14% 13% 7% 4% 10% 13% 13% 14%
-34 136 56 93 24 24 -24 38 50 177 36 10
Interest 2 1 1 1 3 4 6 2 2 2 2 3
Depreciation 47 45 47 52 49 52 48 42 38 41 46 50
Profit before tax 109 293 249 296 246 197 18 39 161 366 250 277
Tax % 25% 32% 27% 31% 31% 25% 44% 31% 28% 22% 26% 28%
82 199 181 203 169 148 10 27 115 284 186 200
EPS in Rs 3.34 8.16 7.40 8.30 6.93 6.38 0.45 1.17 4.97 12.26 8.00 8.59
Dividend Payout % 75% 67% 74% 66% 58% 0% 45% 17% 18% 16% 25% 23%
Compounded Sales Growth
10 Years: 4%
5 Years: 12%
3 Years: 15%
TTM: 19%
Compounded Profit Growth
10 Years: 3%
5 Years: 93%
3 Years: 27%
TTM: 20%
Stock Price CAGR
10 Years: 2%
5 Years: 5%
3 Years: 5%
1 Year: -8%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 49 49 49 49 49 46 46 46 46 46 46 47
Reserves 771 838 872 912 920 842 855 883 999 1,268 1,409 1,572
0 0 0 0 0 15 11 20 17 19 14 54
299 286 325 381 440 386 417 431 443 427 498 610
Total Liabilities 1,119 1,173 1,246 1,342 1,409 1,290 1,329 1,381 1,506 1,760 1,967 2,283
325 283 292 277 261 306 267 230 210 257 259 343
CWIP 8 24 15 28 71 69 74 78 74 23 32 19
Investments 284 359 407 503 492 177 177 177 210 488 664 758
501 506 532 534 585 739 811 896 1,011 991 1,012 1,163
Total Assets 1,119 1,173 1,246 1,342 1,409 1,290 1,329 1,381 1,506 1,760 1,967 2,283

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
223 235 118 279 165 120 172 24 141 184 112 348
-178 -74 33 -97 9 234 -146 -115 -164 -91 -50 -171
-59 -166 -148 -162 -165 -238 -10 -12 -11 -27 -54 -144
Net Cash Flow -15 -5 3 20 9 116 16 -102 -34 66 8 32
Free Cash Flow 179 256 98 278 93 60 141 101 139 208 61 284
CFO/OP 139% 158% 80% 145% 93% 83% 200% 85% 121% 120% 69% 130%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 51 45 60 51 62 48 56 55 38 41 52 44
Inventory Days 33 38 45 33 31 50 60 61 51 42 56 46
Days Payable 46 68 76 82 86 82 123 104 81 83 92 98
Cash Conversion Cycle 38 15 29 2 7 16 -7 12 8 0 17 -9
Working Capital Days 35 44 39 21 14 24 1 -16 88 47 57 5
ROCE % 21% 28% 26% 26% 24% 15% 6% 4% 15% 19% 18% 20%

Insights

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Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Sep 2025
Automotive Engine Sales
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E2W Market Share
%
Genset Sales
Units
Mechanic Network
Number
Retailer Network Size
Number
Managed AUM (Greaves Finance)
INR Crore
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.87% 56.00% 56.00% 56.00% 55.88% 55.88% 55.88% 55.88% 55.81% 55.80% 55.80% 55.78%
4.94% 4.57% 3.18% 2.81% 1.15% 1.04% 2.41% 2.86% 2.45% 2.64% 2.25% 1.85%
3.63% 3.42% 3.44% 3.75% 3.76% 3.81% 3.50% 3.31% 3.52% 3.80% 4.08% 3.67%
35.56% 35.99% 37.36% 37.43% 39.18% 39.23% 38.20% 37.93% 38.21% 37.75% 37.86% 38.68%
No. of Shareholders 2,18,6412,18,7312,11,6942,05,0422,12,8012,02,8912,64,7453,01,5093,01,4743,02,2263,31,6123,69,141

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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