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 ₹ 4,904 Cr.
- Current Price ₹ 211
- High / Low ₹ 320 / 112
- Stock P/E
- Book Value ₹ 60.5
- Dividend Yield 0.95 %
- ROCE 5.08 %
- ROE -0.42 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.0%
Cons
- Stock is trading at 3.54 times its book value
- Company has a low return on equity of 2.33% over last 3 years.
- Earnings include an other income of Rs.56.5 Cr.
- Debtor days have increased from 32.4 to 41.8 days.
* 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
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,736 | 1,698 | 1,616 | 1,634 | 1,792 | 2,015 | 1,911 | 1,500 | 1,710 | 2,699 | 2,633 | 2,918 | |
1,593 | 1,505 | 1,413 | 1,395 | 1,537 | 1,743 | 1,701 | 1,421 | 1,685 | 2,573 | 2,543 | 2,783 | |
Operating Profit | 143 | 192 | 203 | 240 | 255 | 272 | 210 | 80 | 25 | 127 | 91 | 136 |
OPM % | 8% | 11% | 13% | 15% | 14% | 14% | 11% | 5% | 1% | 5% | 3% | 5% |
82 | -31 | 138 | 56 | 93 | 24 | 25 | -26 | 20 | 55 | -270 | 57 | |
Interest | 5 | 2 | 1 | 1 | 1 | 4 | 5 | 7 | 5 | 12 | 9 | 16 |
Depreciation | 45 | 48 | 46 | 47 | 52 | 52 | 61 | 60 | 59 | 57 | 84 | 103 |
Profit before tax | 175 | 111 | 294 | 249 | 295 | 240 | 169 | -14 | -19 | 113 | -273 | 72 |
Tax % | 30% | 25% | 32% | 27% | 32% | 32% | 25% | 36% | 83% | 38% | 34% | 109% |
123 | 84 | 201 | 181 | 202 | 163 | 127 | -19 | -35 | 70 | -367 | -6 | |
EPS in Rs | 5.05 | 3.42 | 8.23 | 7.40 | 8.28 | 6.74 | 5.59 | -0.81 | -1.52 | 3.37 | -5.83 | 2.51 |
Dividend Payout % | 26% | 73% | 67% | 74% | 66% | 59% | 0% | -25% | -13% | 27% | -34% | 80% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 9% |
3 Years: | 20% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 22% |
TTM: | -124% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 24% |
3 Years: | 10% |
1 Year: | 60% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 771 | 774 | 842 | 876 | 916 | 920 | 753 | 736 | 703 | 1,540 | 1,394 | 1,359 |
0 | 0 | 0 | 0 | 0 | 11 | 28 | 20 | 257 | 28 | 81 | 81 | |
383 | 301 | 286 | 325 | 381 | 474 | 413 | 477 | 629 | 1,103 | 923 | 1,065 | |
Total Liabilities | 1,203 | 1,124 | 1,177 | 1,250 | 1,346 | 1,454 | 1,240 | 1,280 | 1,635 | 2,718 | 2,444 | 2,552 |
370 | 326 | 283 | 292 | 278 | 339 | 380 | 372 | 364 | 369 | 825 | 840 | |
CWIP | 5 | 8 | 24 | 15 | 28 | 72 | 69 | 75 | 82 | 83 | 63 | 50 |
Investments | 181 | 293 | 362 | 411 | 506 | 420 | 3 | 1 | 16 | 123 | 157 | 121 |
647 | 497 | 507 | 532 | 535 | 624 | 788 | 832 | 1,174 | 2,143 | 1,400 | 1,541 | |
Total Assets | 1,203 | 1,124 | 1,177 | 1,250 | 1,346 | 1,454 | 1,240 | 1,280 | 1,635 | 2,718 | 2,444 | 2,552 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
155 | 225 | 230 | 114 | 280 | 145 | 102 | 147 | -56 | -135 | -153 | -23 | |
-108 | -179 | -70 | 36 | -97 | 38 | 255 | -108 | -238 | -758 | 246 | 50 | |
-55 | -60 | -166 | -148 | -162 | -174 | -241 | -20 | 210 | 889 | -32 | -40 | |
Net Cash Flow | -8 | -14 | -6 | 2 | 20 | 10 | 116 | 19 | -84 | -4 | 61 | -13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 68 | 50 | 45 | 60 | 51 | 62 | 49 | 51 | 40 | 22 | 33 | 42 |
Inventory Days | 50 | 34 | 38 | 45 | 33 | 35 | 54 | 59 | 56 | 40 | 56 | 62 |
Days Payable | 57 | 46 | 68 | 76 | 82 | 86 | 83 | 120 | 110 | 82 | 78 | 96 |
Cash Conversion Cycle | 61 | 37 | 15 | 29 | 2 | 12 | 20 | -11 | -14 | -19 | 10 | 8 |
Working Capital Days | 53 | 33 | 44 | 39 | 22 | 18 | 26 | -3 | 7 | 97 | 12 | 57 |
ROCE % | 21% | 21% | 28% | 23% | 23% | 24% | 18% | 3% | -1% | 9% | 4% | 5% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Annual Secretarial Compliance Report confirms Greaves Cotton's full regulatory compliance for FY ended March 2025.
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Issuance Of Corporate Guarantee
12 May - Issued Rs. 40 Cr corporate guarantee for 2-year loan to subsidiary Greaves Electric Mobility.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 7 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 May - Ampere Nexus named 'Electric Scooter of the Year' 2025, showcasing performance and innovation.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 May - Enclosing copies of newspaper publication made pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015., for audited financial results (standalone and consolidated) for the …
Annual reports
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Financial Year 2024
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Financial Year 2023
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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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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]