
GREAVESCOT - Greaves Cotton Ltd. Share Price
Industrial Products
Valuation | |
---|---|
Market Cap | 4.94 kCr |
Price/Earnings (Trailing) | 60.79 |
Price/Sales (Trailing) | 1.6 |
EV/EBITDA | 21.83 |
Price/Free Cashflow | -76.25 |
MarketCap/EBT | 49.26 |
Enterprise Value | 4.86 kCr |
Fundamentals | |
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Revenue (TTM) | 3.08 kCr |
Rev. Growth (Yr) | 16.3% |
Earnings (TTM) | 14.73 Cr |
Earnings Growth (Yr) | 13.13% |
Profitability | |
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Operating Margin | 3% |
EBT Margin | 3% |
Return on Equity | 0.93% |
Return on Assets | 0.58% |
Free Cashflow Yield | -1.31% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -3% |
Price Change 1M | 7.1% |
Price Change 6M | -0.90% |
Price Change 1Y | 22.6% |
3Y Cumulative Return | 12.3% |
5Y Cumulative Return | 23% |
7Y Cumulative Return | 7.5% |
10Y Cumulative Return | 5.3% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | 49.71 Cr |
Cash Flow from Operations (TTM) | -22.52 Cr |
Cash Flow from Financing (TTM) | -39.98 Cr |
Cash & Equivalents | 135.03 Cr |
Free Cash Flow (TTM) | -64.77 Cr |
Free Cash Flow/Share (TTM) | -2.78 |
Balance Sheet | |
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Total Assets | 2.55 kCr |
Total Liabilities | 966.36 Cr |
Shareholder Equity | 1.59 kCr |
Current Assets | 1.46 kCr |
Current Liabilities | 861 Cr |
Net PPE | 404.31 Cr |
Inventory | 335.54 Cr |
Goodwill | 211.82 Cr |
Capital Structure & Leverage | |
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Debt Ratio | 0.02 |
Debt/Equity | 0.03 |
Interest Coverage | 4.51 |
Interest/Cashflow Ops | -0.24 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 2 |
Dividend Yield | 0.94% |
Shares Dilution (1Y) | 0.10% |
Shares Dilution (3Y) | 0.50% |
Summary of Latest Earnings Report from Greaves Cotton
Summary of Greaves Cotton's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
During the earnings call for Greaves Cotton Limited held on July 31, 2025, management provided a positive outlook for the company, highlighting continued growth across its core businesses. The overall consolidated revenue for Q1 FY26 was reported at Rs.745 crore, with standalone revenue increasing 22% year-on-year to Rs.541 crore. The standalone EBITDA reached Rs.76 crore, marking a 51% increase year-on-year, resulting in an EBITDA margin expansion of 270 basis points.
Key forward-looking points emphasized by the management include:
Growth in Exports: Exports accounted for 14% of total revenue, with the automotive segment experiencing a 46% growth year-over-year, driven largely by international sales of Euro-V+ engines.
Expansion of Greaves Electric Mobility: The E2W segment achieved an incredible 84% year-on-year retail sales growth, with a current market share of 4.2%. The company plans to further capitalize on the electric vehicle market, which is projected to gain momentum.
Future Strategy: Greaves Cotton is finalizing its strategy for its financial year 2030 vision and plans to provide more details about growth in the next call after H1 FY26 results.
Sustainable Growth: Management is focused on maintaining margins between 13-14%, backed by consistent improvement in operational efficiencies and product quality.
Capital Structure and IPO Plans: Greaves Electric Mobility has filed a DRHP to raise funds through an IPO. The timeline for the IPO will depend on market conditions and internal readiness, demonstrating management's commitment to enhancing shareholder value.
Overall, management expressed confidence in navigating macroeconomic challenges while leveraging strong operational performance and a diversified business model.
Last updated:
Key Q&A from Greaves Cotton Q1 FY26 Earnings Call
Question 1: What led to the margin expansion in the engine segment, and is it sustainable?
Answer: Our margin expansion in the engine segment mainly stems from strong performance in our auto segment, particularly international sales of our Euro-V+ engines. We anticipate maintaining our margins in the range of 13%-14% moving forward, as we have consistently improved margins over the last 8-12 quarters through operational efficiencies.
Question 2: Which end-user industries contributed to the growth in the auto engine and genset division?
Answer: In the auto engine division, we have strong traction in the three-wheeler market, bolstered by export growth. For the genset division, growth was driven primarily by the residential and infrastructure construction sectors, supported by our expanded distribution network.
Question 3: Can you provide the timeline for the GEML IPO and the outlook for market demand?
Answer: We've filed our DRHP with SEBI, and while we are focused on strong business performance, the IPO launch will depend on market conditions and our internal readiness. We aim to keep investors informed as we navigate these processes.
Question 4: How has your export contribution to the engine business changed?
Answer: Our export contribution has increased to 14% this quarter, driven by our Euro-V+ engines and CPCB IV+ gensets. This could be a significant growth point for us as we continually work on expanding our market share in international markets.
Question 5: What is the current share of diesel engines in your product lineup?
Answer: Diesel engines remain significant in our portfolio due to our fuel-agnostic strategy. We continue to service diesel engines while simultaneously expanding our offerings in electric powertrains and CNG solutions to meet evolving market needs.
Question 6: What factors are restraining growth in the retail segment?
Answer: The retail segment, especially the auto aftermarket, has faced headwinds due to flat demand in the diesel three-wheeler parts market. However, our diversification efforts in non-auto spares and services, including the railway sector, are beginning to yield positive results despite the challenges.
These summaries encapsulate major inquiries from the call along with thoughtful responses that outline the company's current strategies and outlook.
Revenue Breakdown
Analysis of Greaves Cotton's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2025
Description | Share | Value |
---|---|---|
a. Engines | 67.1% | 500.5 Cr |
b. Electric Mobility & Other Vehicles | 18.1% | 134.8 Cr |
c. Cables & Control Levers | 7.8% | 58.3 Cr |
d. Others | 7.0% | 51.9 Cr |
Total | 745.4 Cr |
Share Holdings
Understand Greaves Cotton ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
---|---|
DBH Investment Capital India Private Limited | 55.81% |
THE NEW INDIA ASSURANCE COMPANY LIMITED | 1.63% |
DBH Global Holdings Limited | 0% |
EICL Limited | 0% |
DBH Holdings (India) Private Ltd | 0% |
Premium Transmission Limited | 0% |
Kaolin India Private Limited | 0% |
Premium Motion Private Limited | 0% |
Premium Care Private Limited | 0% |
CITIBANK N.A. | 0% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is Greaves Cotton Better than it's peers?
Detailed comparison of Greaves Cotton against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
M&M | Mahindra & Mahindra | 4.25 LCr | 1.7 LCr | +6.80% | +7.40% | 27.78 | 2.5 | - | - |
TVSMOTOR | TVS Motor Co. | 1.64 LCr | 46.26 kCr | +5.20% | +16.90% | 68.69 | 3.54 | - | - |
CUMMINSIND | Cummins India | 1.11 LCr | 11.46 kCr | +4.40% | +3.40% | 51.71 | 9.66 | - | - |
ELECTHERM | Electrotherm (India) | 1.3 kCr | 3.9 kCr | +19.30% | +9.30% | 3.59 | 0.33 | - | - |
Sector Comparison: GREAVESCOT vs Industrial Products
Comprehensive comparison against sector averages
Comparative Metrics
GREAVESCOT metrics compared to Industrial
Category | GREAVESCOT | Industrial |
---|---|---|
PE | 62.06 | 44.36 |
PS | 1.64 | 5.29 |
Growth | 11.4 % | 14.9 % |
Performance Comparison
GREAVESCOT vs Industrial (2021 - 2025)
- 1. GREAVESCOT is among the Top 10 Compressors, Pumps & Diesel Engines companies but not in Top 5.
- 2. The company holds a market share of 7.7% in Compressors, Pumps & Diesel Engines.
- 3. In last one year, the company has had a below average growth that other Compressors, Pumps & Diesel Engines companies.
Income Statement for Greaves Cotton
Balance Sheet for Greaves Cotton
Cash Flow for Greaves Cotton
What does Greaves Cotton Ltd. do?
Greaves Cotton Limited operates engineering and mobility retail business in India, Middle East, Africa, Southeast Asia, and internationally. It operates through Engines, Electric Mobility & Other Vehicles, Cables & Control Levers, and Others segments. The company engages in provision of engines for farm equipment, gensets, and spares; manufacture and trade of electric vehicles and spare parts; and manufacture of cables and control levers for commercial vehicles, industrial machines, construction equipment, and boats and vehicles; as well as operates care and aftermarket spares business. In addition, it engages in retail vehicle financing; manufacture of mechanical and electronic motion control systems; design and manufacture of electric vehicles; manufacture and supply of e-rickshaw and e-3wheeler under the ELE brand; designs, develops, manufactures, markets, and sells L5 three-wheelers; and designs and manufactures 2-wheelers under the Ampere brand. Further, the company provides fuel-agnostic powertrain solutions; lending and related solutions to purchasers of electric 2-wheeler and 3-wheeler vehicles; and lease financing options. Additionally, it offers engineering services, which includes auto engines, such as diesel, petrol, CNG/LPG for passenger and cargo last mile small commercial vehicle applications; and non-automotive applications including power, agriculture, industrial, and light construction solutions. Greaves Cotton Limited was founded in 1859 and is headquartered in Mumbai, India.