Is Greaves Cotton Ltd (GREAVESCOT) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Greaves Cotton Ltd is a average quality company .

Is Greaves Cotton Ltd (GREAVESCOT) undervalued or overvalued?

The key valuation ratios of Greaves Cotton Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Greaves Cotton Ltd (GREAVESCOT) share price return in the past 10 years?

Greaves Cotton Ltd share price has appreciated 1.9% annually (CAGR) over the past ten years.

Is Greaves Cotton Ltd (GREAVESCOT) a good buy now?

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

What is the share price of Greaves Cotton Ltd (GREAVESCOT)?

Company share prices are keep on changing according to the market conditions. The current trading price of Greaves Cotton Ltd (GREAVESCOT) on 17-Apr-2026 16:59:59 at 16:59 is 161.40.

What is the P/E ratio of Greaves Cotton?

The latest standalone P/E ratio of Greaves Cotton as of 17-Apr-2026 is 17.55.

What is the P/B ratio of Greaves Cotton Ltd (GREAVESCOT)?

The latest standalone P/B ratio of Greaves Cotton Ltd (GREAVESCOT) as of 17-Apr-2026 is 2.40.

What is the 52-week high and low of Greaves Cotton Ltd (GREAVESCOT)?

The 52-week high of Greaves Cotton Ltd (GREAVESCOT) is Rs. 244.55 and the 52-week low is Rs. 120.05.

Greaves Cotton Ltd (GREAVESCOT) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Greaves Cotton Ltd (GREAVESCOT)
Brand: Greaves Cotton

Key Metrics

Market Cap

₹3,759 Cr.

P/E Ratio

34.60

Price to Book (P/B)

2.72

Price to Sales (P/S)

1.15

EV/EBITDA

14.17

Return on Capital Employed (ROCE)

6.02%

Current Price

₹161.4

Return on Equity (ROE)

-0.45%

Return on Assets (ROA)

-0.25%

Operating Profit Margin

4.7%

Net Profit Margin

-0.22%

Gross Profit Margin

Book Value per Share

₹59.3

Sales Growth (YoY)

10.83%

Sales Growth (3 Years)

19.51%

Operating Profit Growth (1 Year)

49.86%

Operating Profit Growth (3 Years)

80.66%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹120 / 245

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.93%

Promoter Holding

55.80%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Greaves Cotton Ltd?

Greaves Cotton Ltd revenue growth is 10.8% for FY-2025 , which is above its 5 year CAGR of 8.8% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Greaves Cotton Ltd?

Promoters hold 55.80% of the Greaves Cotton Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Greaves Cotton Ltd vs industry peers?

Greaves Cotton Ltd revenue CAGR is 8.84% , compared to the industry median CAGR of 4.42% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Greaves Cotton Ltd belong to?

Greaves Cotton Ltd belongs to the Automobiles sector, operating specifically within the Diesel Engines segment.

Q.1 Stock return of Greaves Cotton Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 1.7% based on the current price.

DeciZen - make an informed investing decision on Greaves Cotton

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Greaves Cotton stock performance

Key Ratios

Is Greaves Cotton Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	34.8%	27.9%	31.3%	25.1%	19.5%	-0.9%	-1.6%	9.7%	-17.1%	6%	-
Value Creation Index ⓘ	1.5	1.0	1.2	0.8	0.4	-1.1	-1.1	-0.3	-2.2	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,616	1,634	1,792	2,015	1,911	1,500	1,710	2,699	2,633	2,918	3,259
Sales YoY Gr.	-	1.1%	9.7%	12.5%	-5.2%	-21.5%	14%	57.9%	-2.5%	10.8%	-
Adj EPS ⓘ	6.6	7	6.8	5.8	5.3	-0.3	-1.9	3.7	4.2	2.3	4.7
YoY Gr.	-	5.9%	-3.3%	-14.9%	-9.2%	-105.9%	NA	NA	12.6%	-44.6%	-
BVPS (₹) ⓘ	36.5	37.9	39.5	39.7	34.5	33.8	32.2	67.9	61.2	59.9	59.3
Adj Net Profit ⓘ	162	172	166	141	122	-7.1	-43.3	86.1	97.2	54	109
Cash Flow from Ops. ⓘ	230	114	280	145	102	147	-56.3	-135	-153	-22.5	-
Debt/CF from Ops. ⓘ	0	0	0	0.1	0.1	0	-4.1	-0	-0.3	-2.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.8%	8.8%	19.5%	10.8%
Adj EPS ⓘ	-11%	-15.1%	NA	-44.6%
BVPSⓘ	5.7%	11.6%	23%	-2.1%
Share Price	1.9%	5.2%	6.6%	-17%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	18.9	18.9	17.6	14.6	13.8	-0.9	-5.7	7.4	6.4	3.8	7.8
Op. Profit Mgn % ⓘ	16.4	14.6	14.1	13.3	11	5.3	1.4	4.9	3.4	4.7	6.7
Net Profit Mgn % ⓘ	10	10.5	9.3	6.9	6.3	-0.5	-2.5	2.9	-5.1	-0.4	3.3
Debt to Equity ⓘ	0	0	0	0	0	0	0.3	0	0	0	-
Working Cap Days ⓘ	94	98	99	96	111	138	170	178	184	150	79
Cash Conv. Cycle ⓘ	19	16	15	13	22	15	1	-8	1	14	34

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	9.2	4.7
TTM Sales (₹ Cr.)	2,240	3,259
BVPS (₹) ⓘ	67.2	59.3
Reserves (₹ Cr.) ⓘ	1,519	1,335
P/BV ⓘ	2.40	2.72
PE ⓘ	17.55	34.60

From the Market
52 Week Low / High (₹)	120.05 / 244.55
All Time Low / High (₹)	0.77 / 319.50
Market Cap (₹ Cr.)	3,759
Equity (₹ Cr.)	46.6
Face Value (₹)	2
Industry PE ⓘ	57.9

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Greaves Cotton - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,616	1,634	1,792	2,015	1,911	1,500	1,710	2,699	2,633	2,918
Operating Expenses ⓘ +	1,351	1,396	1,540	1,752	1,752	1,421	1,687	2,566	2,543	2,784
Manufacturing Costs	49	50	49	54	58	54	66	76	124	124
Material Costs	1,039	1,061	1,210	1,382	1,318	1,080	1,259	1,970	1,799	1,988
Employee Cost	155	160	167	178	173	142	170	212	311	325
Other Costs ⓘ	108	125	114	138	203	145	192	308	308	347
Operating Profit ⓘ	265	238	253	264	159	80	23	133	90	135
Operating Profit Margin (%)	16.4%	14.6%	14.1%	13.1%	8.3%	5.3%	1.3%	4.9%	3.4%	4.6%
Other Income ⓘ +	51	56	48	50	71	8	27	67	66	56
Exceptional Items ⓘ	27	6	47	-18	5	-34	-2	-13	-335	2
Interest ⓘ	1	1	1	4	5	7	5	12	9	16
Depreciation ⓘ	46	47	52	52	61	60	59	57	84	103
Profit Before Tax ⓘ	296	252	295	240	169	-14	-19	113	-273	73
Tax ⓘ	94	68	93	77	42	5	16	43	94	79
Profit After Tax	203	184	202	163	127	-19	-35	70	-367	-6
PAT Margin (%)	12.5%	11.3%	11.3%	8.1%	6.7%	-1.3%	-2.1%	2.6%	-14.0%	-0.2%
Adjusted EPS (₹)	8.2	7.4	8.3	6.7	5.6	-0.8	-1.5	3.4	-5.8	2.5
Dividend Payout Ratio (%)	67%	74%	66%	59%	0%	-25%	-13%	27%	-34%	80%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	891	925	965	969	798	781	744	1,573	1,419	1,392
Share Capital ⓘ	49	49	49	49	46	46	46	46	46	47
Reserves ⓘ	842	876	916	920	752	734	698	1,526	1,373	1,346
Debt +	0	0	0	11	10	4	196	3	49	53
Long Term Debt	0	0	0	5	0	0	169	0	0	0
Short Term Debt	0	0	0	6	10	4	27	3	49	53
Minority Interest	0	0	0	14	0	0	0	381	234	180
Trade Payables	194	220	273	324	299	356	379	441	386	522
Others Liabilities ⓘ	92	105	108	136	132	126	306	306	356	384
Total Liabilities ⓘ	1,177	1,250	1,346	1,454	1,239	1,267	1,624	2,705	2,444	2,531
Fixed Assets
Net Fixed Assets ⓘ +	283	288	274	335	380	372	364	369	825	846
Gross Block	334	385	409	512	618	639	639	666	1,197	1,313
Accumulated Depreciation	51	97	135	177	237	267	274	298	373	467
CWIP ⓘ	24	15	28	72	69	75	82	83	63	43
Investments ⓘ	358	411	506	420	3	1	16	123	157	121
Inventories	108	129	109	134	194	175	193	215	276	336
Trade Receivables	201	270	253	342	255	209	186	166	236	334
Cash Equivalents	21	13	33	45	190	280	100	541	314	202
Others Assets ⓘ	182	124	143	106	148	155	682	1,208	573	649
Total Assets ⓘ	1,177	1,250	1,346	1,454	1,239	1,267	1,624	2,705	2,444	2,531

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	230	114	280	145	102	147	-56	-135	-153	-23
PBT ⓘ	293	249	295	240	169	-14	-19	113	-273	73
Adjustment ⓘ	-16	-3	-28	40	46	77	69	61	394	68
Changes in Working Capital ⓘ	37	-58	104	-43	-43	105	-91	-263	-160	-74
Tax Paid ⓘ	-85	-74	-92	-92	-70	-22	-15	-46	-114	-89
Cash Flow From Investing Activity ⓘ +	-70	36	-97	35	255	-108	-238	-758	232	50
Capex	4	-16	-2	-73	-61	-40	33	-71	-72	-79
Net Investments	9	11	0	-1	-29	-72	-264	-568	483	121
Others ⓘ	-83	41	-96	109	345	4	-7	-119	-179	8
Cash Flow From Financing Activity ⓘ +	-166	-148	-162	-174	-241	-20	210	889	-32	-40
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	-5	0	169	0	0	0
Interest Paid ⓘ	-1	-1	-1	-4	-3	-5	-3	-9	-6	-13
Dividend Paid ⓘ	-143	-122	-134	-134	0	0	-5	-5	-21	-47
Others ⓘ	-23	-25	-27	-35	-232	-15	49	903	-5	20
Net Cash Flow ⓘ	-6	2	20	7	116	19	-84	-4	47	-13

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	23.69	20.28	21.39	16.82	14.4	-2.38	-4.63	6.02	-24.55	-0.45
ROCE (%)	34.75	27.85	31.32	25.08	19.46	-0.86	-1.58	9.68	-17.14	6.02
Asset Turnover Ratio	1.57	1.5	1.42	1.44	1.42	1.2	1.18	1.25	1.02	1.17
PAT to CFO Conversion(x)	1.13	0.62	1.39	0.89	0.8	N/A	N/A	-1.93	N/A	N/A
Working Capital Days
Receivable Days	44	47	52	54	57	56	42	24	28	36
Inventory Days	22	24	24	22	31	45	39	28	34	38
Payable Days	59	71	74	79	86	111	107	76	84	83

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Greaves Cotton Ltd FAQs

The current trading price of Greaves Cotton on 17-Apr-2026 16:59 is ₹161.4.

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 16-Apr-2026 the market cap of Greaves Cotton stood at ₹3,759.1 Cr

The latest P/E ratio of Greaves Cotton as of 16-Apr-2026 is 17.55.

The latest P/B ratio of Greaves Cotton as of 16-Apr-2026 is 2.40.

The 52-week high of Greaves Cotton is ₹244.6 and the 52-week low is ₹120.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greaves Cotton is ₹2,240 ( Cr.) .

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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Greaves Cotton Ltd (GREAVESCOT) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Greaves Cotton Share Price