Greaves Cotton Ltd

Greaves Cotton Ltd

₹ 194 -2.89%
02 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 4,512 Cr.
  • Current Price 194
  • High / Low 320 / 112
  • Stock P/E 24.1
  • Book Value 62.6
  • Dividend Yield 1.03 %
  • ROCE 18.1 %
  • ROE 13.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 19.8%

Cons

  • Company has a low return on equity of 13.3% over last 3 years.

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
379 374 374 365 437 396 459 443 481 445 468 502 573
350 346 341 326 385 351 395 376 425 395 409 436 489
Operating Profit 29 27 33 39 52 45 64 67 56 50 59 67 84
OPM % 8% 7% 9% 11% 12% 11% 14% 15% 12% 11% 13% 13% 15%
7 32 7 8 3 11 100 56 10 12 5 11 9
Interest 1 1 1 1 0 0 0 1 0 1 0 0 0
Depreciation 10 10 10 9 9 9 10 11 11 12 12 11 10
Profit before tax 25 48 31 37 45 45 154 112 54 49 52 66 83
Tax % 34% 26% 26% 26% 35% 26% 20% 22% 27% 26% 26% 26% 25%
17 36 23 27 29 34 123 88 39 37 39 49 62
EPS in Rs 0.73 1.54 0.98 1.18 1.27 1.46 5.32 3.78 1.70 1.57 1.66 2.11 2.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,719 1,689 1,613 1,634 1,792 1,988 1,821 1,329 1,178 1,550 1,779 1,988
1,570 1,496 1,411 1,394 1,537 1,713 1,593 1,232 1,132 1,398 1,547 1,728
Operating Profit 149 192 203 240 255 275 228 97 45 151 232 260
OPM % 9% 11% 13% 15% 14% 14% 13% 7% 4% 10% 13% 13%
64 -34 136 56 93 24 24 -24 38 50 177 37
Interest 5 2 1 1 1 3 4 6 2 2 2 2
Depreciation 43 47 45 47 52 49 52 48 42 38 41 46
Profit before tax 164 109 293 249 296 246 197 18 39 161 366 250
Tax % 31% 25% 32% 27% 31% 31% 25% 44% 31% 28% 22% 26%
113 82 199 181 203 169 148 10 27 115 284 186
EPS in Rs 4.63 3.34 8.16 7.40 8.30 6.93 6.38 0.45 1.17 4.97 12.26 8.00
Dividend Payout % 28% 75% 67% 74% 66% 58% 0% 45% 17% 18% 16% 25%
Compounded Sales Growth
10 Years: 2%
5 Years: 2%
3 Years: 19%
TTM: 12%
Compounded Profit Growth
10 Years: 5%
5 Years: 12%
3 Years: 102%
TTM: 7%
Stock Price CAGR
10 Years: 4%
5 Years: 21%
3 Years: 8%
1 Year: 36%
Return on Equity
10 Years: 13%
5 Years: 9%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 49 49 49 49 49 49 46 46 46 46 46 46
Reserves 769 771 838 872 912 920 842 855 883 999 1,268 1,409
0 0 0 0 0 0 15 11 20 17 19 14
382 299 286 325 381 440 386 417 431 443 427 498
Total Liabilities 1,200 1,119 1,173 1,246 1,342 1,409 1,290 1,329 1,381 1,506 1,760 1,967
368 325 283 292 277 261 306 267 230 210 257 279
CWIP 5 8 24 15 28 71 69 74 78 74 23 12
Investments 178 284 359 407 503 492 177 177 177 210 488 664
649 501 506 532 534 585 739 811 896 1,011 991 1,012
Total Assets 1,200 1,119 1,173 1,246 1,342 1,409 1,290 1,329 1,381 1,506 1,760 1,967

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
157 223 235 118 279 165 120 172 24 141 184 112
-123 -178 -74 33 -97 9 234 -146 -115 -164 -91 -50
-41 -59 -166 -148 -162 -165 -238 -10 -12 -11 -27 -54
Net Cash Flow -7 -15 -5 3 20 9 116 16 -102 -34 66 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 71 51 45 60 51 62 48 56 55 38 41 52
Inventory Days 49 33 38 45 33 31 50 60 61 51 42 56
Days Payable 58 46 68 76 82 86 82 123 104 81 83 92
Cash Conversion Cycle 62 38 15 29 2 7 16 -7 12 8 0 17
Working Capital Days 54 35 44 39 21 14 25 2 -13 89 49 64
ROCE % 22% 21% 28% 26% 26% 24% 15% 6% 4% 15% 19% 18%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
55.54% 55.54% 55.54% 55.74% 55.87% 56.00% 56.00% 56.00% 55.88% 55.88% 55.88% 55.88%
3.47% 3.90% 4.15% 4.54% 4.94% 4.57% 3.18% 2.81% 1.15% 1.04% 2.41% 2.86%
8.58% 7.68% 5.10% 4.22% 3.63% 3.42% 3.44% 3.75% 3.76% 3.81% 3.50% 3.31%
32.41% 32.86% 35.20% 35.50% 35.56% 35.99% 37.36% 37.43% 39.18% 39.23% 38.20% 37.93%
No. of Shareholders 2,21,5632,12,8322,17,7072,21,3272,18,6412,18,7312,11,6942,05,0422,12,8012,02,8912,64,7453,01,509

* 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

Concalls