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. The Company has manufacturing facilities in the states of Maharashtra and Tamil Nadu.(Source : 201903 Annual Report Page No: 92)

  • Market Cap: 1,677 Cr.
  • Current Price: 72.55
  • 52 weeks High / Low 149.30 / 66.05
  • Book Value: 38.42
  • Stock P/E: 20.77
  • Dividend Yield: 5.51 %
  • ROCE: 15.00 %
  • ROE: 11.50 %
  • Sales Growth (3Yrs): 3.67 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company is virtually debt free.
Cons:
The company has delivered a poor growth of 1.52% over past five years.

Peer comparison Sector: Capital Goods-Non Electrical Equipment // Industry: Engines

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
452 447 486 458 495 506 528 477 490 495 360 147
385 385 417 397 422 436 461 416 431 419 329 169
Operating Profit 68 62 69 61 73 71 67 61 59 76 31 -22
OPM % 15% 14% 14% 13% 15% 14% 13% 13% 12% 15% 8% -15%
Other Income 17 32 29 10 13 5 -2 7 11 9 -2 2
Interest -0 0 1 0 1 1 1 1 1 1 1 2
Depreciation 14 13 13 13 13 12 12 12 14 11 14 12
Profit before tax 71 80 84 58 72 63 53 56 55 72 13 -34
Tax % 31% 31% 33% 32% 32% 32% 30% 32% 18% 25% 25% 28%
Net Profit 49 56 57 40 49 43 37 38 45 54 10 -24
EPS in Rs 2.01 2.28 2.32 1.63 2.02 1.75 1.53 1.56 1.85 2.27 0.43 -1.05
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Jun 2009 Jun 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,041 1,347 1,252 1,753 1,873 1,719 1,689 1,613 1,634 1,792 1,988 1,821 1,491
926 1,141 1,059 1,551 1,635 1,570 1,496 1,356 1,405 1,538 1,734 1,599 1,347
Operating Profit 115 206 193 202 238 149 192 258 230 254 254 222 144
OPM % 11% 15% 15% 12% 13% 9% 11% 16% 14% 14% 13% 12% 10%
Other Income 13 7 12 84 2 63 -34 81 67 94 44 31 20
Interest 22 13 1 3 1 5 2 1 1 1 3 4 5
Depreciation 25 27 21 32 39 43 47 45 47 52 49 52 52
Profit before tax 80 173 184 251 200 164 109 293 249 296 246 197 107
Tax % 30% 32% 31% 26% 31% 31% 25% 32% 27% 31% 31% 25%
Net Profit 56 118 127 185 138 113 82 199 181 203 169 148 85
EPS in Rs 2.17 4.34 6.63 7.25 5.40 4.41 2.88 7.01 7.40 8.30 6.93 6.38 3.50
Dividend Payout % 35% 62% 29% 29% 28% 28% 75% 67% 74% 66% 58% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:5.75%
5 Years:1.52%
3 Years:3.67%
TTM:-25.67%
Compounded Profit Growth
10 Years:6.95%
5 Years:-1.76%
3 Years:-14.63%
TTM:-54.47%
Stock Price CAGR
10 Years:-1.68%
5 Years:-11.42%
3 Years:-18.91%
1 Year:-49.42%
Return on Equity
10 Years:17.82%
5 Years:16.66%
3 Years:15.23%
Last Year:11.50%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Jun 2009 Jun 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
49 49 49 49 49 49 49 49 49 49 49 46
Reserves 360 392 477 601 693 769 771 838 872 912 920 842
Borrowings 44 5 6 20 2 0 0 0 0 0 0 15
265 428 449 422 435 382 299 286 325 381 440 386
Total Liabilities 718 874 981 1,092 1,180 1,200 1,119 1,173 1,246 1,342 1,409 1,290
249 238 264 326 368 368 325 283 292 277 261 306
CWIP 17 28 9 20 8 5 8 24 15 28 71 69
Investments 66 130 84 111 94 178 284 359 407 503 492 177
386 478 624 634 710 649 501 506 532 534 585 739
Total Assets 718 874 981 1,092 1,180 1,200 1,119 1,173 1,246 1,342 1,409 1,290

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Jun 2009 Jun 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
18 175 110 114 105 157 223 235 118 279 165 120
15 -88 13 -61 -55 -123 -178 -74 33 -97 9 234
-44 -83 -84 -42 -78 -41 -59 -166 -148 -162 -165 -238
Net Cash Flow -11 4 40 10 -29 -7 -15 -5 3 20 9 116

Ratios Standalone Figures in Rs. Crores / View Consolidated

Jun 2009 Jun 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 23% 41% 36% 35% 30% 22% 21% 28% 26% 26% 24% 15%
Debtor Days 53 55 75 53 73 71 51 45 60 51 62 48
Inventory Turnover 5.23 6.36 5.37 7.01 8.06 7.52 8.82 9.89 9.04 10.24 12.21 8.82

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
51.00 51.00 51.00 51.00 51.00 51.65 51.90 51.90 51.90 54.81 54.82 54.82
7.29 7.26 6.72 6.92 12.16 12.99 14.02 14.87 14.56 15.01 15.64 14.34
25.59 22.12 18.93 19.89 17.48 15.85 15.62 15.67 15.96 14.12 13.43 13.13
16.12 19.62 23.35 22.19 19.35 19.51 18.46 17.57 17.58 16.05 16.11 17.71