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Greaves Cotton Overview

Greaves Cotton Ltd is a holding company. The Company is engaged in the production of engines, engine packages, and buying and selling of power tillers spares related to engines, electric vehicle, and infrastructure equipment. The Company's operating segments consist of Engines, Retail, E-mobility, Finance, and Tech services. The Company's services and products consist of automotive business, greaves retail outlets, greaves shops, and greaves stores. The Automotive Engines gives single cylinder automotive diesel engines, CNG engines, multi-cylin...Read More

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Greaves Cotton Key Financials

Market Cap ₹3929 Cr.

Stock P/E -625.7

P/B 2.9

Current Price ₹168.7

Book Value ₹ 59.1

Face Value 2

52W High ₹294.7

Dividend Yield 1.19%

52W Low ₹ 155.2

Greaves Cotton Share Price

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Volume
Price

Greaves Cotton Quarterly Price

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Greaves Cotton Peer Comparison

Greaves Cotton Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 569 727 665 673 640 705 751 823 745 815
Other Income 22 15 14 13 17 14 12 12 18 10
Total Income 590 742 680 686 657 719 762 835 763 826
Total Expenditure 582 681 630 649 612 682 711 777 689 764
Operating Profit 8 61 50 37 44 37 51 58 75 62
Interest 2 2 2 3 3 4 3 6 5 5
Depreciation 17 19 20 28 26 26 26 25 27 27
Exceptional Income / Expenses 1 -381 47 -2 0 -4 6 0 -1 -4
Profit Before Tax -10 -341 74 3 15 2 29 27 43 27
Provision for Tax 15 34 29 17 15 16 22 25 22 21
Profit After Tax -24 -375 46 -13 -0 -14 7 2 21 6
Adjustments 19 184 12 16 10 18 14 23 12 20
Profit After Adjustments -5 -191 58 3 10 3 21 24 33 26
Adjusted Earnings Per Share -0.2 -8.2 2.5 0.1 0.4 0.1 0.9 1 1.4 1.1

Greaves Cotton Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1659 1616 1634 1792 2015 1911 1500 1710 2699 2633 2918 3134
Other Income 25 51 56 48 50 71 8 27 67 66 56 52
Total Income 1684 1667 1690 1840 2066 1982 1509 1736 2767 2699 2974 3186
Total Expenditure 1378 1351 1396 1540 1752 1752 1421 1687 2566 2543 2784 2941
Operating Profit 305 316 294 301 314 230 88 50 201 156 190 246
Interest 2 1 1 1 4 5 7 5 12 9 16 19
Depreciation 48 46 47 52 52 61 60 59 57 84 103 105
Exceptional Income / Expenses -63 27 6 47 -18 5 -34 -2 -13 -335 2 1
Profit Before Tax 192 296 252 295 240 169 -14 -19 113 -273 73 126
Provision for Tax 55 94 68 93 77 42 5 16 43 94 79 90
Profit After Tax 137 203 184 202 163 127 -19 -35 70 -367 -6 36
Adjustments -54 -2 -3 0 2 2 0 0 8 232 65 69
Profit After Adjustments 84 201 181 202 165 129 -19 -35 78 -135 58 104
Adjusted Earnings Per Share 3.4 8.2 7.4 8.3 6.7 5.6 -0.8 -1.5 3.4 -5.8 2.5 4.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 19% 9% 6%
Operating Profit CAGR 22% 56% -4% -5%
PAT CAGR 0% 0% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -41% 7% 14% 3%
ROE Average -0% -6% -5% 8%
ROCE Average 6% -0% -1% 14%

Greaves Cotton Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 823 891 925 965 969 799 783 749 1587 1440 1406
Minority's Interest 0 0 0 0 14 0 0 0 381 234 180
Borrowings 0 0 0 0 5 0 0 169 0 0 0
Other Non-Current Liabilities 27 27 19 28 40 40 22 26 24 79 85
Total Current Liabilities 274 259 305 354 426 400 463 680 713 690 861
Total Liabilities 1124 1177 1250 1346 1454 1239 1267 1624 2705 2444 2531
Fixed Assets 326 283 288 274 335 380 372 364 369 825 846
Other Non-Current Assets 41 312 330 364 363 145 172 522 246 432 229
Total Current Assets 757 563 622 699 747 714 723 726 2077 1186 1456
Total Assets 1124 1177 1250 1346 1454 1239 1267 1624 2705 2444 2531

Greaves Cotton Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 28 14 8 10 30 40 156 175 91 86 148
Cash Flow from Operating Activities 225 230 114 280 145 102 147 -56 -135 -153 -23
Cash Flow from Investing Activities -179 -70 36 -97 35 255 -108 -238 -758 232 50
Cash Flow from Financing Activities -60 -166 -148 -162 -174 -241 -20 210 889 -32 -40
Net Cash Inflow / Outflow -14 -6 2 20 7 116 19 -84 -4 47 -13
Closing Cash & Cash Equivalent 14 8 10 30 40 156 175 91 86 148 135

Greaves Cotton Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.42 8.23 7.4 8.28 6.74 5.59 -0.81 -1.52 3.37 -5.83 2.51
CEPS(Rs) 7.58 10.17 9.46 10.43 8.8 8.14 1.8 1.01 5.46 -12.19 4.18
DPS(Rs) 2.5 5.5 5.5 5.5 4 0 0.2 0.2 0.9 2 2
Book NAV/Share(Rs) 33.54 36.49 37.89 39.51 39.69 34.53 33.76 32.15 67.89 61.16 59.88
Core EBITDA Margin(%) 15.36 14.7 13.1 13.73 13.09 8.34 5.31 1.34 4.94 3.42 4.62
EBIT Margin(%) 10.67 16.48 13.91 16.09 12.11 9.11 -0.46 -0.82 4.61 -10.02 3.04
Pre Tax Margin(%) 10.54 16.43 13.86 16.04 11.9 8.84 -0.92 -1.13 4.18 -10.37 2.48
PAT Margin (%) 7.52 11.24 10.12 10.99 8.07 6.66 -1.25 -2.06 2.58 -13.95 -0.22
Cash Profit Margin (%) 10.13 13.77 12.7 13.84 10.66 9.85 2.78 1.37 4.68 -10.74 3.33
ROA(%) 10.43 17.61 15.17 15.58 11.62 9.45 -1.5 -2.44 3.22 -14.27 -0.25
ROE(%) 16.8 23.69 20.28 21.39 16.82 14.4 -2.38 -4.63 6.02 -24.55 -0.45
ROCE(%) 23.83 34.75 27.85 31.32 25.08 19.46 -0.86 -1.58 9.68 -17.14 6.02
Receivable days 55.67 43.73 47.23 51.87 53.88 57.04 56.43 42.2 23.83 27.9 35.7
Inventory Days 26.92 21.72 23.83 23.69 22.02 31.34 44.9 39.29 27.6 34.03 38.25
Payable days 52.43 59.25 71.22 74.34 78.86 86.26 110.71 106.54 75.95 83.92 83.39
PER(x) 42.62 15.01 23.61 13.76 20.7 12.47 0 0 37.47 0 85.48
Price/Book(x) 4.35 3.38 4.61 2.88 3.52 2.02 3.79 5.94 1.86 2.07 3.59
Dividend Yield(%) 1.71 4.45 3.15 4.83 2.86 0 0.16 0.1 0.71 1.58 0.93
EV/Net Sales(x) 2.13 1.85 2.6 1.53 1.68 0.75 1.78 2.66 0.88 1.01 1.66
EV/Core EBITDA(x) 11.55 9.48 14.47 9.13 10.75 6.21 30.42 91.86 11.9 17.08 25.44
Net Sales Growth(%) 1.45 -2.57 1.14 9.65 12.46 -5.18 -21.48 13.95 57.89 -2.45 10.83
EBIT Growth(%) -5.4 52.54 -14.87 17 -17.57 -28.65 -103.94 -103.94 989.92 -311.94 133.65
PAT Growth(%) -2.24 47.53 -9.12 9.8 -19.57 -21.74 -114.76 -87.97 297.59 -626.55 98.29
EPS Growth(%) -32.23 140.2 -10.07 11.92 -18.54 -17.17 -114.54 -87.71 320.91 -273.1 143.08
Debt/Equity(x) 0 0 0 0 0.01 0.01 0 0.31 0 0.03 0.04
Current Ratio(x) 2.76 2.17 2.04 1.98 1.76 1.78 1.56 1.07 2.91 1.72 1.69
Quick Ratio(x) 2.37 1.75 1.62 1.67 1.44 1.3 1.18 0.78 2.61 1.32 1.3
Interest Cover(x) 82.19 294.21 312.31 365.4 60.39 34.33 -0.99 -2.62 10.65 -28.59 5.45
Total Debt/Mcap(x) 0 0 0 0 0 0.01 0 0.05 0 0.02 0.01

Greaves Cotton Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 56 56 56 55.88 55.88 55.88 55.88 55.81 55.8 55.8
FII 4.57 3.18 2.81 1.15 1.04 2.41 2.86 2.44 2.64 2.25
DII 3.43 3.45 3.75 3.77 3.82 3.49 3.31 3.54 3.81 4.08
Public 36 37.37 37.43 39.19 39.25 38.22 37.94 38.21 37.74 37.87
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Greaves Cotton News

Greaves Cotton Pros & Cons

Pros

  • Debtor days have improved from 83.92 to 83.39days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -6% over the last 3 years.
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