Greaves Cotton Ltd

Greaves Cotton Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Greaves Cotton Ltd

₹ 254 0.93%
11 Dec 3:59 p.m.
greavescotton.com BSE: 501455 NSE: GREAVESCOT
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]

Website BSE NSE
  • Market Cap ₹ 5,904 Cr.
  • Current Price ₹ 254
  • High / Low ₹ 260 / 112
  • Stock P/E
  • Book Value ₹ 58.4
  • Dividend Yield 0.79 %
  • ROCE 3.72 %
  • ROE 1.62 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 38.7 days to 12.0 days

Cons

  • Stock is trading at 4.35 times its book value
  • Company has a low return on equity of 1.93% over last 3 years.
  • Earnings include an other income of Rs.99.0 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

Part of Nifty Total Market BSE SmallCap Nifty Microcap 250 BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
374 486 621 660 699 514 827 569 727 665 673 640 705
384 474 582 624 657 512 780 583 681 630 649 612 682
Operating Profit -10 13 39 36 42 2 47 -14 46 35 24 27 23
OPM % -3% 3% 6% 5% 6% 0% 6% -3% 6% 5% 4% 4% 3%
7 2 3 11 15 17 12 22 -365 62 11 17 9
Interest 1 1 2 6 2 2 1 2 2 2 3 3 4
Depreciation 15 14 15 14 14 13 15 17 19 20 28 26 26
Profit before tax -19 -1 26 27 40 3 43 -10 -341 74 3 15 2
Tax % 23% 831% 35% 40% 20% 279% 36% 139% 10% 39% 483% 101% 892%
-23 -6 17 16 32 -6 27 -25 -375 46 -13 -0 -14
EPS in Rs -1.01 -0.27 0.72 0.69 1.25 0.28 1.15 -0.22 -8.22 2.50 0.11 0.44 0.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,906 1,736 1,698 1,616 1,634 1,792 2,015 1,911 1,500 1,710 2,699 2,633 2,683
1,666 1,593 1,505 1,413 1,395 1,537 1,743 1,701 1,421 1,685 2,573 2,543 2,574
Operating Profit 241 143 192 203 240 255 272 210 80 25 127 91 109
OPM % 13% 8% 11% 13% 15% 14% 14% 11% 5% 1% 5% 3% 4%
12 82 -31 138 56 93 24 25 -26 20 55 -270 99
Interest 2 5 2 1 1 1 4 5 7 5 12 9 13
Depreciation 41 45 48 46 47 52 52 61 60 59 57 84 101
Profit before tax 211 175 111 294 249 295 240 169 -14 -19 113 -273 95
Tax % 30% 30% 25% 32% 27% 32% 32% 25% 36% 83% 38% 34%
148 123 84 201 181 202 163 127 -19 -35 70 -367 18
EPS in Rs 6.06 5.05 3.42 8.23 7.40 8.28 6.74 5.59 -0.81 -1.52 3.37 -5.83 3.19
Dividend Payout % 26% 26% 73% 67% 74% 66% 59% 0% -25% -13% 27% -34%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 21%
TTM: 2%
Compounded Profit Growth
10 Years: -14%
5 Years: -31%
3 Years: -11%
TTM: -614%
Stock Price CAGR
10 Years: 6%
5 Years: 15%
3 Years: 19%
1 Year: 80%
Return on Equity
10 Years: 10%
5 Years: 4%
3 Years: 2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 49 49 49 49 49 49 49 46 46 46 46 46 46
Reserves 684 771 774 842 876 916 920 753 736 703 1,540 1,394 1,312
16 0 0 0 0 0 11 28 20 257 28 81 84
442 383 301 286 325 381 474 413 477 629 1,103 923 1,013
Total Liabilities 1,191 1,203 1,124 1,177 1,250 1,346 1,454 1,240 1,280 1,635 2,718 2,444 2,455
373 370 326 283 292 278 339 380 372 364 369 825 865
CWIP 8 5 8 24 15 28 72 69 75 82 83 63 27
Investments 92 181 293 362 411 506 420 3 1 16 123 157 235
718 647 497 507 532 535 624 788 832 1,174 2,143 1,400 1,327
Total Assets 1,191 1,203 1,124 1,177 1,250 1,346 1,454 1,240 1,280 1,635 2,718 2,444 2,455

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
108 155 225 230 114 280 145 102 147 -56 -135 -153
-59 -108 -179 -70 36 -97 38 255 -108 -238 -758 246
-78 -55 -60 -166 -148 -162 -174 -241 -20 210 889 -32
Net Cash Flow -29 -8 -14 -6 2 20 10 116 19 -84 -4 61

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 70 68 50 45 60 51 62 49 51 40 22 33
Inventory Days 50 50 34 38 45 33 35 54 59 56 40 56
Days Payable 65 57 46 68 76 82 86 83 120 110 82 78
Cash Conversion Cycle 55 61 37 15 29 2 12 20 -11 -14 -19 10
Working Capital Days 50 53 33 44 39 22 18 26 -3 7 97 12
ROCE % 30% 21% 21% 28% 23% 23% 24% 18% 3% -1% 9% 4%

Shareholding Pattern

Numbers in percentages

21 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.62% 55.55% 55.54% 55.54% 55.54% 55.74% 55.87% 56.00% 56.00% 56.00% 55.88% 55.88%
3.84% 3.13% 3.47% 3.90% 4.15% 4.54% 4.94% 4.57% 3.18% 2.81% 1.15% 1.04%
9.19% 9.52% 8.58% 7.68% 5.10% 4.22% 3.63% 3.42% 3.44% 3.75% 3.76% 3.81%
31.35% 31.79% 32.41% 32.86% 35.20% 35.50% 35.56% 35.99% 37.36% 37.43% 39.18% 39.23%
No. of Shareholders 1,92,7562,12,9332,21,5632,12,8322,17,7072,21,3272,18,6412,18,7312,11,6942,05,0422,12,8012,02,891

* 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.

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Documents

Announcements

Annual reports

Credit ratings

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