Skip to main content
Swing Capital

Greaves Cotton Ltd

NSE: GREAVESCOT BSE: 501455Energy

Greaves Cotton is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc.(Source : 202003 Annual Report Page No:98)

₹159
52W: ₹120 — ₹245
PE 16.4 · Book ₹69.5 · +129% vs book
Market Cap₹3,704 Cr
Stock P/E16.4Price to Earnings
ROCE20.1%Return on Capital
ROE14.7%Return on Equity
Div. Yield1.23%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 93.0% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 21.5%

Shareholding Pattern

Promoters55.78%
FIIs1.85%
DIIs3.67%
Public38.68%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters55.88%55.88%55.88%55.88%55.81%▼0.155.8%▼0.055.8%55.78%▼0.0
FIIs1.15%1.04%▼0.12.41%▲1.42.86%▲0.42.45%▼0.42.64%▲0.22.25%▼0.41.85%▼0.4
DIIs3.76%3.81%▲0.13.5%▼0.33.31%▼0.23.52%▲0.23.8%▲0.34.08%▲0.33.67%▼0.4
Public39.18%39.23%▲0.038.2%▼1.037.93%▼0.338.21%▲0.337.75%▼0.537.86%▲0.138.68%▲0.8

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales443481445468502573541552575698
Expenses376425395409436489465474496610
Operating Profit67565059678476787887
OPM %15%12%11%13%13%15%14%14%14%13%
Net Profit88393739496257534348
EPS ₹3.781.71.571.662.112.662.432.261.852.05

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,365Cr, up 19% YoY. OPM at 14%.

Debt Position

Borrowings at ₹54Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.

Capex Cycle

CWIP at ₹19Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 3.67% (+0.04pp change). FIIs: 1.85% (-3.09pp change). Promoters hold 55.78%.

Margin & Efficiency

ROCE declining from 21% (Mar 2015) to 20% (Mar 2026). Working capital days: 5.

Valuation

PE 16.4x with 20.1% ROCE. Price is 129% above book value of ₹69.5. Dividend yield: 1.23%.

Recent Announcements