Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
Greaves Cotton Ltd (GREAVESCOT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 501455 NSE: GREAVESCOT Diesel Engines | Small Cap | Greaves Cotton Share Price
₹240.05 -7.95 (-3.21%)
As on 22-Jul'26 16:59
Greaves Cotton Ltd (GREAVESCOT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 501455 NSE: GREAVESCOT Diesel Engines | Small Cap | Greaves Cotton Share Price
₹240.05 -7.95 (-3.21%)
As on 22-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹5,592 Cr.
Current Price
₹240.1
52-Week Low / High
₹120 / 272
TTM EPS
₹4.6
TTM Sales
₹3,437 Cr.
Book Value per Share
₹60.8
P/E Ratio
52.19
Higher than its 5-year historical median
Industry PE
60.4
Price to Book (P/B)
3.95
Higher than its 5-year historical median
Price to Sales (P/S)
1.63
Higher than its 5-year historical median
EV/EBITDA
18.52
In line with its 5-year historical median
Dividend Yield
0.83%
Profitability Efficiency
Return on Equity (ROE)
2.51%
Underperforms industry median
Return on Capital Employed (ROCE)
8.77%
Underperforms industry median
Return on Assets (ROA)
1.31%
Operating Profit Margin
7%
Net Profit Margin
1.03%
Gross Profit Margin
7.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.76%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
76.16%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
55.77%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,369 Cr.
Equity
₹46.6 Cr.
Face Value
₹2
All Time Low / High
₹0.77 / 319.50
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Strong
Is Greaves Cotton Ltd a good quality company?
Greaves Cotton Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Greaves Cotton Ltd performance compare with that of its Peers?
Revenue growth of Greaves Cotton Ltd vs industry peers?
Greaves Cotton Ltd revenue CAGR is 8.84%, compared to the industry median CAGR of 12.83%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Greaves Cotton Ltd?
Promoters hold 55.78% of the Greaves Cotton Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
How do the current valuation ratios compare with 5-year historical median and industry numbers?
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Greaves Cotton Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 27.9% | 31.3% | 25.1% | 19.5% | -0.9% | -1.6% | 9.7% | -17.1% | 6% | 8.8% | - |
| Value Creation Index ⓘ | 1.0 | 1.2 | 0.8 | 0.4 | -1.1 | -1.1 | -0.3 | -2.2 | -0.6 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,634 | 1,792 | 2,015 | 1,911 | 1,500 | 1,710 | 2,699 | 2,633 | 2,918 | 3,437 | 3,437 |
| Sales YoY Gr. | - | 9.7% | 12.5% | -5.2% | -21.5% | 14% | 57.9% | -2.5% | 10.8% | 17.8% | - |
| Adj EPS ⓘ | 7 | 6.8 | 5.8 | 5.3 | -0.3 | -1.9 | 3.7 | 4.2 | 2.3 | 5.6 | 4.6 |
| YoY Gr. | - | -3.3% | -14.9% | -9.2% | -105.9% | NA | NA | 12.6% | -44.6% | 139.2% | - |
| BVPS (₹) ⓘ | 37.9 | 39.5 | 39.7 | 34.5 | 33.8 | 32.2 | 67.9 | 61.2 | 59.9 | 60.8 | 60.8 |
| Adj Net Profit ⓘ | 172 | 166 | 141 | 122 | -7.1 | -43.3 | 86.1 | 97.2 | 54 | 129 | 107 |
| Cash Flow from Ops. ⓘ | 114 | 280 | 145 | 102 | 147 | -56.3 | -135 | -153 | -22.5 | 32.6 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0.1 | 0.1 | 0 | -4.1 | -0 | -0.3 | -2.4 | 10 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.6% | 18% | 8.4% | 17.8% | ||||
| Adj EPS ⓘ | -2.6% | NA | 14.3% | 139.2% | ||||
| BVPSⓘ | 5.4% | 12.5% | -3.6% | 1.5% | ||||
| Share Price | 5.2% | 7.3% | 20.6% | 17.9% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 18.9 | 17.6 | 14.6 | 13.8 | -0.9 | -5.7 | 7.4 | 6.4 | 3.8 | 9.1 | 7.6 |
| Op. Profit Mgn % ⓘ | 14.6 | 14.1 | 13.3 | 11 | 5.3 | 1.4 | 4.9 | 3.4 | 4.7 | 7 | 7 |
| Net Profit Mgn % ⓘ | 10.5 | 9.3 | 6.9 | 6.3 | -0.5 | -2.5 | 2.9 | -5.1 | -0.4 | 1.7 | 3.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0.2 | 0.2 |
| Working Cap Days ⓘ | 98 | 99 | 96 | 111 | 138 | 170 | 178 | 184 | 136 | 127 | 78 |
| Cash Conv. Cycle ⓘ | 16 | 15 | 13 | 22 | 15 | 1 | -8 | 1 | 14 | 6 | 36 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,634 | 1,792 | 2,015 | 1,911 | 1,500 | 1,710 | 2,699 | 2,633 | 2,918 | 3,437 |
| Operating Expenses ⓘ + | 1,396 | 1,540 | 1,752 | 1,752 | 1,421 | 1,687 | 2,566 | 2,543 | 2,783 | 3,198 |
| Operating Profit ⓘ | 238 | 253 | 264 | 159 | 80 | 23 | 133 | 90 | 136 | 239 |
| Operating Profit Margin (%) | 14.6% | 14.1% | 13.1% | 8.3% | 5.3% | 1.3% | 4.9% | 3.4% | 4.7% | 7.0% |
| Other Income ⓘ + | 56 | 48 | 50 | 71 | 8 | 27 | 67 | 66 | 55 | 50 |
| Interest ⓘ | 1 | 1 | 4 | 5 | 7 | 5 | 12 | 9 | 16 | 26 |
| Depreciation ⓘ | 47 | 52 | 52 | 61 | 60 | 59 | 57 | 84 | 103 | 109 |
| Profit Before Tax ⓘ | 252 | 295 | 240 | 169 | -14 | -19 | 113 | -273 | 73 | 115 |
| Tax ⓘ | 68 | 93 | 77 | 42 | 5 | 16 | 43 | 94 | 79 | 80 |
| Profit After Tax | 184 | 202 | 163 | 127 | -19 | -35 | 70 | -367 | -6 | 35 |
| PAT Margin (%) | 11.3% | 11.3% | 8.1% | 6.7% | -1.3% | -2.1% | 2.6% | -14.0% | -0.2% | 1.0% |
| Adjusted EPS (₹) | 7.4 | 8.3 | 6.7 | 5.6 | -0.8 | -1.5 | 3.4 | -5.8 | 2.5 | 4.6 |
| Dividend Payout Ratio (%) | 74.30% | 66.40% | 59.30% | 0% | -24.60% | -13.10% | 26.70% | -34.30% | 79.60% | 43.50% |
Valuation of Greaves Cotton - Consolidated
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 925 | 965 | 969 | 798 | 781 | 744 | 1,573 | 1,419 | 1,392 | 1,416 | |
| Debt + | 0 | 0 | 11 | 10 | 4 | 196 | 3 | 49 | 53 | 326 | |
| Minority Interest | 0 | 0 | 14 | 0 | 0 | 0 | 381 | 234 | 180 | 83 | |
| Trade Payables | 220 | 273 | 324 | 299 | 356 | 379 | 441 | 386 | 522 | 581 | |
| Others Liabilities ⓘ | 105 | 108 | 136 | 132 | 126 | 306 | 306 | 356 | 384 | 460 | |
| Total Liabilities ⓘ | 1,250 | 1,346 | 1,454 | 1,239 | 1,267 | 1,624 | 2,705 | 2,444 | 2,531 | 2,866 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 288 | 274 | 335 | 380 | 372 | 364 | 369 | 825 | 846 | 875 | |
| CWIP ⓘ | 15 | 28 | 72 | 69 | 75 | 82 | 83 | 63 | 43 | 64 | |
| Investments ⓘ | 411 | 506 | 420 | 3 | 1 | 16 | 123 | 157 | 121 | 67 | |
| Inventories | 129 | 109 | 134 | 194 | 175 | 193 | 215 | 276 | 336 | 314 | |
| Trade Receivables | 270 | 253 | 342 | 255 | 209 | 186 | 166 | 236 | 334 | 345 | |
| Cash Equivalents | 13 | 33 | 45 | 190 | 280 | 100 | 541 | 314 | 428 | 564 | |
| Others Assets ⓘ | 124 | 143 | 106 | 148 | 155 | 682 | 1,208 | 573 | 423 | 638 | |
| Total Assets ⓘ | 1,250 | 1,346 | 1,454 | 1,239 | 1,267 | 1,624 | 2,705 | 2,444 | 2,531 | 2,866 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 114 | 280 | 145 | 102 | 147 | -56 | -135 | -153 | -23 | 33 |
| Cash Flow From Investing Activity ⓘ + | 36 | -97 | 35 | 255 | -108 | -238 | -758 | 232 | 126 | -99 |
| Cash Flow From Financing Activity ⓘ + | -148 | -162 | -174 | -241 | -20 | 210 | 889 | -32 | -116 | 123 |
| Net Cash Flow ⓘ | 2 | 20 | 7 | 116 | 19 | -84 | -4 | 47 | -13 | 56 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.28 | 21.39 | 16.82 | 14.4 | -2.38 | -4.63 | 6.02 | -24.55 | -0.45 | 2.51 |
| ROCE (%) | 27.85 | 31.32 | 25.08 | 19.46 | -0.86 | -1.58 | 9.68 | -17.14 | 6.02 | 8.77 |
| Asset Turnover Ratio | 1.5 | 1.42 | 1.44 | 1.42 | 1.2 | 1.18 | 1.25 | 1.02 | 1.17 | 1.27 |
| PAT to CFO Conversion(x) | 0.62 | 1.39 | 0.89 | 0.8 | N/A | N/A | -1.93 | N/A | N/A | 0.94 |
| Working Capital Days | ||||||||||
| Receivable Days | 47.20 | 51.90 | 53.90 | 57 | 56.40 | 42.20 | 23.80 | 27.90 | 35.70 | 36.10 |
| Inventory Days | 23.80 | 23.70 | 22 | 31.30 | 44.90 | 39.30 | 27.60 | 34 | 38.30 | 34.50 |
| Payable Days | 71.20 | 74.30 | 78.90 | 86.30 | 110.70 | 106.50 | 76 | 83.90 | 83.40 | 87.40 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Greaves Cotton Ltd FAQs
The current trading price of Greaves Cotton on 22-Jul-2026 16:59 is ₹240.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Jul-2026 the market cap of Greaves Cotton stood at ₹5,592 Cr
The latest P/E ratio of Greaves Cotton as of 21-Jul-2026 is 27.95.
The latest P/B ratio of Greaves Cotton as of 21-Jul-2026 is 3.48.
The 52-week high of Greaves Cotton is ₹272.0 and the 52-week low is ₹120.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greaves Cotton is ₹2,365 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Greaves Cotton Ltd is a average quality company.
The key valuation ratios of Greaves Cotton Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Greaves Cotton Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Greaves Cotton Ltd
Greaves Cotton Limited commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of many years impacting a million lives every day. Greaves is a market leader in fuel-agnostic powertrain solutions and manufactures Cleantech powertrains for CNG, Petrol, and Diesel segments.
The company operates in multiple segments namely Automotive, Non-Automotive, Aftermarket, Greaves Retail, Electric Mobility (Ampere Electric for electric scooters and other electric industrial products and e-rickshaw) & Greaves Finance.
Over the years, the company has actively participated in nation-building and continues to support the 'Make-In-India' initiative of the Government through its several state-of-the-art manufacturing facilities in the country creating world-class products and solutions. The company has a vast nationwide network with hundreds of Greaves big retail centres & thousands of smaller spare parts retail outlets across the country.
Business area of the company
The company is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc. The Company has manufacturing facilities in the states of Maharashtra and Tamil Nadu. The products are mainly sold in India with some export to Middle East, Africa & South East Asia Region. The Company has two direct and one indirect subsidiary.
Business segments
Automotive
- Engines
- Aftermarket
Non-Automotive
- Power Solutions
- Agri Solutions
- Industrial Engines
E-mobility
- Electric 2 Wheeler - Ampere
- Electric 3 Wheeler - Ele
Retail
Finance
Milestones
- 1859: James Greaves and George Cotton founded the company.
- 1937: Greaves Cotton entered into a joint Venture with Crompton Parkinson of England to introduce ceiling fans and range of other electrical products in India.
- 1939: Joint Venture with Ruston & Hornsby ltd., U.K. and started manufacturing diesel engines in India.
- 1947: Pioneering industrialist Lala Karamchand Thapar bought Greaves and it became an Indian Company.
- 1962: Greaves Power Transmission unit set up in Pune in collaboration with David Brown Gear Industries, U.K., and pioneered the manufacturing of Industrial and marine Gear boxes in India.
- 1986: Greaves Joint Venture wwith Morganite Crucible Ltd., U.K. to manufacture Silicon Carbide Crucibles. Technical collaboration with BOMAG GmbH, Germany, to manufacture Vibratory Compactors.
- 1996: Launched Transit Mixer and batching plants.
- 2001: Introduced concreting equipment in technical collaboration with CIFA of Italy.
- 2005: Eco friendly light diesel engine complying with Bharat stage II (Euro II) emission norms launched.
- 2007: Greaves second Transit mixer manufacturing facility opened near Chennai. Greaves acquires Bukh-Farymann GmbH Diesel, Germany Greaves sets up light engines unit IV at Aurangabad.
- 2009: Greaves crosses two million mark in light diesel engines.
- 2012: Greaves crosses three million mark in light diesel engines.
- 2017: Greaves Cotton Limited reaches over 5 million customers with made in India engines.
- 2018: Greaves opens 100th Greaves Care Centre for Conventional/ Alternate Fuel and Electric Vehicles. Greaves Cotton signs up with Piaggio Vehicles to develop a new generation of powertrain applications.
- 2019: Mahindra partners with greaves cotton to source BS-VI ready powertrain Solutions.
- 2019. Greaves Cotton launches BS-VI compliant, world’s cleanest single - cylinder Diesel engine.
- 2020: Ampere launches magnus Pro Electric Scooter.
- 2020: Greaves Genius, a series of Smart Gensets launched.
- 2020: Greaves launches OHV petrol pumpset.
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