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GREAVESCOT

GREAVESCOT - Greaves Cotton Ltd. Share Price

Industrial Products

212.16-4.42(-2.04%)
Market Closed as of Sep 29, 2025, 15:30 IST

Valuation

Market Cap4.94 kCr
Price/Earnings (Trailing)60.79
Price/Sales (Trailing)1.6
EV/EBITDA21.83
Price/Free Cashflow-76.25
MarketCap/EBT49.26
Enterprise Value4.86 kCr

Fundamentals

Revenue (TTM)3.08 kCr
Rev. Growth (Yr)16.3%
Earnings (TTM)14.73 Cr
Earnings Growth (Yr)13.13%

Profitability

Operating Margin3%
EBT Margin3%
Return on Equity0.93%
Return on Assets0.58%
Free Cashflow Yield-1.31%

Price to Sales Ratio

Latest reported: 2

Revenue (Last 12 mths)

Latest reported: 3 kCr

Net Income (Last 12 mths)

Latest reported: 15 Cr

Growth & Returns

Price Change 1W-3%
Price Change 1M7.1%
Price Change 6M-0.90%
Price Change 1Y22.6%
3Y Cumulative Return12.3%
5Y Cumulative Return23%
7Y Cumulative Return7.5%
10Y Cumulative Return5.3%

Cash Flow & Liquidity

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 & Equivalents135.03 Cr
Free Cash Flow (TTM)-64.77 Cr
Free Cash Flow/Share (TTM)-2.78

Balance Sheet

Total Assets2.55 kCr
Total Liabilities966.36 Cr
Shareholder Equity1.59 kCr
Current Assets1.46 kCr
Current Liabilities861 Cr
Net PPE404.31 Cr
Inventory335.54 Cr
Goodwill211.82 Cr

Capital Structure & Leverage

Debt Ratio0.02
Debt/Equity0.03
Interest Coverage4.51
Interest/Cashflow Ops-0.24

Dividend & Shareholder Returns

Dividend/Share (TTM)2
Dividend Yield0.94%
Shares Dilution (1Y)0.10%
Shares Dilution (3Y)0.50%
Pros

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Growth: Good revenue growth. With 41.9% growth over past three years, the company is going strong.

Cons

Smart Money: Smart money is losing interest in the stock.

Insider Trading: Significant insider selling noticed recently.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.94%
Dividend/Share (TTM)2
Shares Dilution (1Y)0.10%
Earnings/Share (TTM)3.49

Financial Health

Current Ratio1.69
Debt/Equity0.03

Technical Indicators

RSI (14d)48.07
RSI (5d)37.64
RSI (21d)60.88
MACD SignalSell
Stochastic Oscillator SignalHold
Grufity SignalBuy
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalSell
SMA 10 SignalSell
SMA 20 SignalSell
SMA 50 SignalBuy
SMA 100 SignalBuy

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:

  1. 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.

  2. 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.

  3. 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.

  4. Sustainable Growth: Management is focused on maintaining margins between 13-14%, backed by consistent improvement in operational efficiencies and product quality.

  5. 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

DescriptionShareValue
a. Engines67.1%500.5 Cr
b. Electric Mobility & Other Vehicles18.1%134.8 Cr
c. Cables & Control Levers7.8%58.3 Cr
d. Others7.0%51.9 Cr
Total745.4 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 NameHolding %
DBH Investment Capital India Private Limited55.81%
THE NEW INDIA ASSURANCE COMPANY LIMITED1.63%
DBH Global Holdings Limited0%
EICL Limited0%
DBH Holdings (India) Private Ltd0%
Premium Transmission Limited0%
Kaolin India Private Limited0%
Premium Motion Private Limited0%
Premium Care Private Limited0%
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&MMahindra & Mahindra4.25 LCr1.7 LCr+6.80%+7.40%27.782.5--
TVSMOTORTVS Motor Co.1.64 LCr46.26 kCr+5.20%+16.90%68.693.54--
CUMMINSINDCummins India1.11 LCr11.46 kCr+4.40%+3.40%51.719.66--
ELECTHERMElectrotherm (India)1.3 kCr3.9 kCr+19.30%+9.30%3.590.33--

Sector Comparison: GREAVESCOT vs Industrial Products

Comprehensive comparison against sector averages

Comparative Metrics

GREAVESCOT metrics compared to Industrial

CategoryGREAVESCOTIndustrial
PE62.0644.36
PS1.645.29
Growth11.4 %14.9 %
33% metrics above sector average

Performance Comparison

GREAVESCOT vs Industrial (2021 - 2025)

GREAVESCOT outperforms the broader Industrial sector, although its performance has declined by 55.1% from the previous year.

Key Insights
  • 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

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Balance Sheet for Greaves Cotton

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Cash Flow for Greaves Cotton

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

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.

Industry Group:Industrial Products
Employees:1,712
Website:www.greavescotton.com