Greaves Cotton Ltd
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)
- Market Cap ₹ 3,058 Cr.
- Current Price ₹ 132
- High / Low ₹ 176 / 121
- Stock P/E 17.8
- Book Value ₹ 51.0
- Dividend Yield 0.68 %
- ROCE 15.4 %
- ROE 11.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.6%
- Debtor days have improved from 49.5 to 37.7 days.
Cons
- Stock is trading at 2.58 times its book value
- The company has delivered a poor sales growth of -2.86% over past five years.
- Company has a low return on equity of 5.03% over last 3 years.
- Earnings include an other income of Rs.170 Cr.
* 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.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engines
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,753 | 1,873 | 1,719 | 1,689 | 1,613 | 1,634 | 1,792 | 1,988 | 1,821 | 1,329 | 1,178 | 1,550 | 1,734 | |
1,517 | 1,631 | 1,570 | 1,496 | 1,411 | 1,394 | 1,537 | 1,713 | 1,593 | 1,232 | 1,132 | 1,398 | 1,507 | |
Operating Profit | 237 | 242 | 149 | 192 | 203 | 240 | 255 | 275 | 228 | 97 | 45 | 151 | 227 |
OPM % | 13% | 13% | 9% | 11% | 13% | 15% | 14% | 14% | 13% | 7% | 4% | 10% | 13% |
49 | -2 | 64 | -34 | 136 | 56 | 93 | 24 | 24 | -24 | 38 | 50 | 170 | |
Interest | 3 | 1 | 5 | 2 | 1 | 1 | 1 | 3 | 4 | 6 | 2 | 2 | 2 |
Depreciation | 32 | 39 | 43 | 47 | 45 | 47 | 52 | 49 | 52 | 48 | 42 | 38 | 39 |
Profit before tax | 251 | 200 | 164 | 109 | 293 | 249 | 296 | 246 | 197 | 18 | 39 | 161 | 357 |
Tax % | 26% | 31% | 31% | 25% | 32% | 27% | 31% | 31% | 25% | 44% | 31% | 28% | |
185 | 138 | 113 | 82 | 199 | 181 | 203 | 169 | 148 | 10 | 27 | 115 | 274 | |
EPS in Rs | 7.60 | 5.65 | 4.63 | 3.34 | 8.16 | 7.40 | 8.30 | 6.93 | 6.38 | 0.45 | 1.17 | 4.97 | 11.83 |
Dividend Payout % | 29% | 28% | 28% | 75% | 67% | 74% | 66% | 58% | 0% | 45% | 17% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | -3% |
3 Years: | -5% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | -3% |
5 Years: | -8% |
3 Years: | 1% |
TTM: | 85% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | -1% |
3 Years: | 1% |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 9% |
3 Years: | 5% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 46 | 46 | 46 | 46 | 46 |
Reserves | 601 | 693 | 769 | 771 | 838 | 872 | 912 | 920 | 842 | 855 | 883 | 999 | 1,138 |
20 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 11 | 20 | 17 | 22 | |
422 | 435 | 382 | 299 | 286 | 325 | 381 | 440 | 386 | 417 | 431 | 443 | 471 | |
Total Liabilities | 1,092 | 1,180 | 1,200 | 1,119 | 1,173 | 1,246 | 1,342 | 1,409 | 1,290 | 1,329 | 1,381 | 1,506 | 1,676 |
326 | 368 | 368 | 325 | 283 | 292 | 277 | 261 | 306 | 267 | 230 | 210 | 264 | |
CWIP | 20 | 8 | 5 | 8 | 24 | 15 | 28 | 71 | 69 | 74 | 78 | 74 | 16 |
Investments | 111 | 94 | 178 | 284 | 359 | 407 | 503 | 492 | 177 | 177 | 177 | 210 | 482 |
634 | 710 | 649 | 501 | 506 | 532 | 534 | 585 | 739 | 811 | 896 | 1,011 | 915 | |
Total Assets | 1,092 | 1,180 | 1,200 | 1,119 | 1,173 | 1,246 | 1,342 | 1,409 | 1,290 | 1,329 | 1,381 | 1,506 | 1,676 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
114 | 105 | 157 | 223 | 235 | 118 | 279 | 165 | 120 | 172 | 24 | 141 | |
-61 | -55 | -123 | -178 | -74 | 33 | -97 | 9 | 234 | -146 | -115 | -164 | |
-42 | -78 | -41 | -59 | -166 | -148 | -162 | -165 | -238 | -10 | -12 | -11 | |
Net Cash Flow | 10 | -29 | -7 | -15 | -5 | 3 | 20 | 9 | 116 | 16 | -102 | -34 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 53 | 73 | 71 | 51 | 45 | 60 | 51 | 62 | 48 | 56 | 55 | 38 |
Inventory Days | 50 | 45 | 49 | 33 | 38 | 45 | 33 | 31 | 50 | 60 | 61 | 51 |
Days Payable | 57 | 65 | 58 | 46 | 68 | 76 | 82 | 86 | 82 | 123 | 104 | 81 |
Cash Conversion Cycle | 46 | 53 | 62 | 38 | 15 | 29 | 2 | 7 | 16 | -7 | 12 | 8 |
Working Capital Days | 33 | 51 | 54 | 35 | 44 | 39 | 21 | 14 | 25 | 2 | -13 | -14 |
ROCE % | 35% | 30% | 22% | 21% | 28% | 26% | 26% | 24% | 15% | 6% | 4% | 15% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Apr
- Submission Of Certificate Under Regulation 40(9) & 40(10) Of SEBI (LODR) Regulations, 2015 8 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Apr
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Apr - Press Release issued by the Company with heading "Greaves Cotton Limited enters into a Technology Transfer Agreement with Tsuyo to manufacture components designed for Low-Speed …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 Apr - Press Release issued by Greaves Electric Mobility Private Limited, subsidiary of the Company with heading " Greaves Eclectic Mobility appoints K. Vijaya Kumar as Executive …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Segment Wise Revenue Split FY22
Engines: 62.4%
Electric Mobility: 30.5%
Others: 7% [1]
The B2C business contributed 64% of the overall business in Q1FY23 vs 29% in Q1FY20. [2]