Greaves Cotton Ltd

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

Greaves Cotton Ltd

₹ 132 0.95%
19 Apr 3:12 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

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]

Website BSE NSE
  • Market Cap ₹ 3,069 Cr.
  • Current Price ₹ 132
  • High / Low ₹ 176 / 121
  • Stock P/E 98.9
  • Book Value ₹ 59.2
  • Dividend Yield 0.70 %
  • ROCE 9.09 %
  • ROE 6.59 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 37.7 to 22.5 days.

Cons

  • The company has delivered a poor sales growth of 8.54% over past five years.
  • Company has a low return on equity of 2.83% 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.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engines

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
495 520 229 374 486 621 660 699 514 827 569 727 665
445 479 246 384 474 582 624 657 512 780 583 681 630
Operating Profit 49 42 -17 -10 13 39 36 42 2 47 -14 46 35
OPM % 10% 8% -7% -3% 3% 6% 5% 6% 0% 6% -3% 6% 5%
-2 3 7 7 2 3 11 15 17 12 22 -365 62
Interest 1 1 1 1 1 2 6 2 2 1 2 2 2
Depreciation 15 16 15 15 14 15 14 14 13 15 17 19 20
Profit before tax 31 27 -25 -19 -1 26 27 40 3 43 -10 -341 74
Tax % 32% 50% 11% -23% -831% 35% 40% 20% 279% 36% -139% -10% 39%
21 14 -22 -23 -6 17 16 32 -6 27 -25 -375 46
EPS in Rs 0.90 0.59 -0.97 -1.01 -0.27 0.72 0.69 1.25 0.28 1.15 -0.22 -8.22 2.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,789 1,906 1,736 1,698 1,616 1,634 1,792 2,015 1,911 1,500 1,710 2,699 2,788
1,553 1,666 1,593 1,505 1,413 1,395 1,537 1,743 1,701 1,421 1,685 2,573 2,674
Operating Profit 237 241 143 192 203 240 255 272 210 80 25 127 114
OPM % 13% 13% 8% 11% 13% 15% 14% 14% 11% 5% 1% 5% 4%
64 12 82 -31 138 56 93 24 25 -26 20 55 -269
Interest 4 2 5 2 1 1 1 4 5 7 5 12 7
Depreciation 42 41 45 48 46 47 52 52 61 60 59 57 71
Profit before tax 255 211 175 111 294 249 295 240 169 -14 -19 113 -234
Tax % 26% 30% 30% 25% 32% 27% 32% 32% 25% -36% -83% 38%
189 148 123 84 201 181 202 163 127 -19 -35 70 -327
EPS in Rs 7.74 6.06 5.05 3.42 8.23 7.40 8.28 6.74 5.59 -0.81 -1.52 3.37 -4.79
Dividend Payout % 28% 26% 26% 73% 67% 74% 66% 59% 0% -25% -13% 27%
Compounded Sales Growth
10 Years: 4%
5 Years: 9%
3 Years: 12%
TTM: 12%
Compounded Profit Growth
10 Years: -6%
5 Years: -12%
3 Years: -14%
TTM: -47%
Stock Price CAGR
10 Years: 5%
5 Years: -2%
3 Years: 1%
1 Year: -3%
Return on Equity
10 Years: 12%
5 Years: 8%
3 Years: 3%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 582 684 771 774 842 876 916 920 753 736 703 1,540 1,328
33 16 0 0 0 0 0 11 28 20 257 28 88
428 442 383 301 286 325 381 474 413 477 629 1,103 1,192
Total Liabilities 1,092 1,191 1,203 1,124 1,177 1,250 1,346 1,454 1,240 1,280 1,635 2,718 2,654
331 373 370 326 283 292 278 339 380 372 364 369 787
CWIP 20 8 5 8 24 15 28 72 69 75 82 83 36
Investments 94 92 181 293 362 411 506 420 3 1 16 123 296
647 718 647 497 507 532 535 624 788 832 1,174 2,143 1,535
Total Assets 1,092 1,191 1,203 1,124 1,177 1,250 1,346 1,454 1,240 1,280 1,635 2,718 2,654

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
113 108 155 225 230 114 280 145 102 147 -56 -135
-62 -59 -108 -179 -70 36 -97 38 255 -108 -238 -758
-41 -78 -55 -60 -166 -148 -162 -174 -241 -20 210 889
Net Cash Flow 10 -29 -8 -14 -6 2 20 10 116 19 -84 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 52 70 68 50 45 60 51 62 49 51 40 22
Inventory Days 53 50 50 34 38 45 33 35 54 59 56 40
Days Payable 57 65 57 46 68 76 82 86 83 120 110 82
Cash Conversion Cycle 48 55 61 37 15 29 2 12 20 -11 -14 -19
Working Capital Days 34 50 53 33 44 39 22 18 26 -3 7 38
ROCE % 34% 30% 21% 21% 28% 23% 23% 24% 18% 3% -1% 9%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.63% 55.63% 55.62% 55.55% 55.54% 55.54% 55.54% 55.74% 55.87% 56.00% 56.00% 56.00%
4.54% 3.81% 3.84% 3.13% 3.47% 3.90% 4.15% 4.54% 4.94% 4.57% 3.18% 2.81%
11.73% 9.36% 9.19% 9.52% 8.58% 7.68% 5.10% 4.22% 3.63% 3.42% 3.44% 3.75%
28.10% 31.20% 31.35% 31.79% 32.41% 32.86% 35.20% 35.50% 35.56% 35.99% 37.36% 37.43%
No. of Shareholders 1,41,5861,86,5231,92,7562,12,9332,21,5632,12,8322,17,7072,21,3272,18,6412,18,7312,11,6942,05,042

* 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

Announcements

Annual reports

Credit ratings

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