MarketFriction

Greaves Cotton Ltd

NSE GREAVESCOT · BSE 501455 · Compressors, Pumps & Diesel Engines
₹225.98 -1.87%
NSE close2026-10-01
52 week range119.99 - 271.90
Market cap₹5,474 Cr.
P/E54.9
Microcap 250 Price band 20% Delivery 48.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales726.69665.38672.53639.70705.31750.60822.83745.43815.46875.471,000.26974.12
Expenses680.79630.02648.79612.41682.28710.93777.09688.50763.58813.35932.09917.79
Operating Profit45.9035.3623.7427.2923.0339.6745.7456.9351.8862.1268.1756.33
OPM %6.32%5.31%3.53%4.27%3.27%5.29%5.56%7.64%6.36%7.10%6.82%5.78%
Other Income-365.0661.5810.9716.969.4817.8112.2817.526.85-10.84-2.8810.94
Interest2.212.273.042.944.273.155.924.874.836.379.9812.01
Depreciation19.1520.3328.1826.0526.4325.7325.2726.5626.9527.6027.6828.21
Profit before tax-340.5274.343.4915.261.8128.6026.8343.0226.9517.3127.6327.05
Tax %10.01%38.66%482.52%101.05%891.71%76.64%94.30%51.53%76.55%65.80%92.04%77.23%
Net Profit-374.5945.60-13.35-0.16-14.336.681.5320.856.325.922.206.16
EPS in Rs-8.222.500.110.440.140.901.031.421.121.100.971.11
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6161,6341,7922,0151,9111,5001,7102,6992,6332,9183,4373,665
Expenses1,4131,3951,5371,7431,7011,4211,6852,5732,5432,7823,1973,427
Operating Profit203240255272210802512791137239238
OPM %13%15%14%14%11%5%1.5%4.7%3.4%4.7%7%7%
Other Income13856932425-262055-27056104
Interest1114575129162633
Depreciation464752526160595784103109110
Profit before tax294249295240169-14-19113-2737211599
Tax %32%27%32%32%25%36%83%38%34%109%69%
Net Profit201181202163127-19-3570-367-63521
EPS in Rs8.237.408.286.745.59-0.81-1.523.37-5.832.514.604.30
Dividend Payout %67%74%66%59%0%-25%-13%27%-34%80%43%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%18%8%21%
Compounded Profit Growth-3%27%10%49%
Stock Price CAGR6%11%19%11%
Return on Equity8%4%5%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital494949494946464646464647
Reserves7748428769169207537367031,5401,3941,3591,384
Borrowings0000112820257288181394
Other Liabilities3012863253814744134776291,1039231,0441,041
Total Liabilities1,1241,1771,2501,3461,4541,2401,2801,6352,7182,4442,5312,866
Fixed Assets326283292278339380372364369825846875
CWIP82415287269758283634364
Investments293362411506420311612315712167
Other Assets4975075325356247888321,1742,1431,4001,5211,861
Total Assets1,1241,1771,2501,3461,4541,2401,2801,6352,7182,4442,5312,866
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity225230114280145102147-56-135-153-2333
Cash from Investing Activity-179-7036-9738255-108-238-758246126-99
Cash from Financing Activity-60-166-148-162-174-241-20210889-32-116123
Net Cash Flow-14-62201011619-84-461-1356
Free Cash Flow1812511152787240106-24-206-225-98-61
CFO/OP140%155%78%146%87%82%211%-164%-70%-43%49%47%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days504560516249514022334237
Inventory Days343845333554595640566250
Days Payable46687682868312011082789692
Cash Conversion Cycle37152921220-11-14-19108-6
Working Capital Days334439221723-5-99641019
ROCE %21%28%23%23%24%18%3%-1%9%4%5%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.00%56.00%56.00%55.88%55.88%55.88%55.88%55.81%55.80%55.80%55.78%55.77%
FIIs4.57%3.18%2.81%1.15%1.04%2.41%2.86%2.45%2.64%2.25%1.85%1.35%
DIIs3.42%3.44%3.75%3.76%3.81%3.50%3.31%3.52%3.80%4.08%3.67%4.17%
Public35.99%37.36%37.43%39.18%39.23%38.20%37.93%38.21%37.75%37.86%38.68%38.67%
No. of Shareholders2,18,7312,11,6942,05,0422,12,8012,02,8912,64,7453,01,5093,01,4743,02,2263,31,6123,69,1413,47,238

Fundamentals

Market Cap₹ 5,474 Cr.
Current Price₹ 235
Stock P/E54.9
Book Value₹ 61.4
ROCE10.1 %
ROE8.10 %
Dividend Yield0.85 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)49%
Consolidated figures.
Valuation
Market capRs 5,263 Cr
Enterprise valueRs 5,094 Cr
P/E (TTM)52.73x
Price to book3.68x
Price to sales1.44x
EV / EBITDA21.00x
EV / EBIT38.55x
EV / sales1.39x
Price to cash flow161.55x
Earnings yield1.90%
Dividend yield0.89%
P/E, 3-year average55.86x
P/B, 3-year average2.52x
P/E, 5-year average49.72x
P/B, 5-year average3.06x
Profitability
Operating margin (excl. other income)6.97%
Operating margin (incl. other income)7.27%
EBITDA margin6.62%
Pre-tax margin2.70%
Net profit margin2.72%
Net margin, latest quarter2.65%
ROE7.55%
ROCE8.51%
ROA3.97%
ROE, 3-year average0.91%
ROCE, 3-year average-0.80%
ROA, 3-year average0.36%
ROE, 5-year average0.96%
ROCE, 5-year average1.11%
ROA, 5-year average0.45%
ROIC (approx.)3.22%
Tax rate69.29%
Other income / net worth0.72%
Growth
Sales growth (latest year)17.76%
Profit growth (latest year)83.46%
Sales CAGR, 3 years8.38%
Sales CAGR, 5 years18.03%
Profit CAGR, 3 years11.15%
Sales growth QoQ-2.61%
Profit growth QoQ14.33%
Sales growth YoY (latest quarter)30.68%
Profit growth YoY (latest quarter)-22.12%
Per share
EPS (TTM)Rs 4.29
EPS (latest year)Rs 4.60
EPS (latest quarter)Rs 1.11
EPS, 3-year averageRs 0.43
EPS, 5-year averageRs 0.63
Book value per shareRs 61.43
Sales per shareRs 157.37
Cash flow per shareRs 1.40
Free cash flow per shareRs -2.62
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 1.42
Dividends
Dividend payout43.48%
Dividend payout, 3-year average61.55%
Dividend payout, 5-year average49.94%
Efficiency
Asset turnover1.20x
Fixed asset turnover3.93x
Inventory turnover7.79x
Inventory days47 days
Debtor days37 days
Debtors turnover9.97x
Creditor days92 days
Cash conversion cycle-6 days
Working capital days19 days
Leverage
Total debtRs 394 Cr
Cash and bankRs 564 Cr
Net debtRs -169 Cr
Debt to equity0.28x
Net debt / EBITDA-0.70x
Interest coverage3.98x
Current ratio (filing 2026-03-31)1.86x
Quick ratio (filing 2026-03-31)1.53x
Trade payables (filing 2026-03-31)Rs 581 Cr
Owners' fund to total sources49.92%
Debt to assets13.76%
Cash flow
Cash from Operating Activity (latest year)Rs 33 Cr
Cash from Investing Activity (latest year)Rs -99 Cr
Cash from Financing Activity (latest year)Rs 123 Cr
Net Cash Flow (latest year)Rs 56 Cr
Free cash flow (latest year)Rs -61 Cr
FCFE (approx.: FCF + change in debt)Rs 252 Cr
Sales to cash flow105.48x
Statement figures
Net sales (TTM)Rs 3,665 Cr
Net sales (latest year)Rs 3,437 Cr
Sales (latest quarter)Rs 974 Cr
Operating profit excl. other income (latest year)Rs 239 Cr
Operating profit (latest quarter)Rs 56 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 243 Cr
PBDT (TTM)Rs 209 Cr
Profit before tax (TTM)Rs 99 Cr
Tax (latest year)Rs 80 Cr
Net profit (TTM)Rs 100 Cr
Net profit (latest year)Rs 107 Cr
Net profit (latest quarter)Rs 26 Cr
Depreciation (TTM)Rs 110 Cr
Depreciation (latest quarter)Rs 28 Cr
Interest (TTM)Rs 33 Cr
Cost of goods sold (latest year)Rs 2,449 Cr
Total expenditure (latest year)Rs 3,197 Cr
Total income (latest year)Rs 3,447 Cr
Share capitalRs 47 Cr
ReservesRs 1,384 Cr
Shareholders' fundsRs 1,431 Cr
Total assetsRs 2,866 Cr
Net blockRs 875 Cr
Capital work in progressRs 64 Cr
InvestmentsRs 67 Cr
ReceivablesRs 345 Cr
InventoryRs 314 Cr
Other liabilitiesRs 1,041 Cr
Shares outstanding (crore)23.29
Ownership
Promoter holding55.77% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 52.7 is at the 86th percentile of its own 6.8-year range (median 20.6, low 9.8, high 144.3).
P/B 3.68 is at the 65th percentile (median 3.34).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGREAVESCOTNifty 50Difference
1 week+1.9%-2.8% +4.7 pts
1 month+14.2%-6.8% +21.0 pts
3 months-0.3%-7.6% +7.4 pts
6 months+87.4%+0.4% +87.0 pts
1 year+1.7%-9.9% +11.6 pts
2 years+24.4%-13.6% +37.9 pts
3 years+63.4%+14.2% +49.2 pts
5 years+66.3%+27.9% +38.5 pts
7 mutual fund schemes hold about ₹7 Cr. Over three months 1 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.21%5 -16%
Taurus ELSS Tax Saver Fund1.74%1 +100%
Groww Nifty Total Market Index Fund0.01%0 -9%
Angel One Nifty Total Market Index Fund0.01%0 -10%
Motilal Oswal BSE 1000 Index Fund0.01%0 -10%
Mirae Asset Nifty Total Market Index Fund0.01%0 -9%
Bandhan Nifty Total Market Index Fund0.01%0 -10%

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was -472% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹974 Cr +30.7% vs Jun 2025. Net profit ₹6 Cr -70.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-28Dividend - Rs 2 Per Share
2025-07-23Dividend - Rs 2 Per Share
2024-08-01Dividend - Rs 2 Per Share
2023-08-03Dividend - Rs 0.90 Per Share
2022-08-03Dividend - Rs 0.20 Per Share
2021-08-03 Dividend - Rs 0.20 Per Share
2020-08-05 Annual General Meeting
2019-07-31 Annual General Meeting
2019-07-11 Buyback
2019-02-13 Interim Dividend - Rs 4 Per Share
2018-08-03 Annual General Meeting/Dividend- Rs 1.5 Per Share
2018-02-14 Interim Dividend Rs 4/- Per Share (Purpose Revised)
2017-07-26 Annual General Meeting/Dividend - Rs 1.50 Per Share
2017-02-22 Interim Dividend Rs 4/- Per Share (Purpose Revised)
2016-09-16 Annual General Meeting/ Dividend - Re.1/- Per Share (Bokk Closure Dates Revised)
2016-02-11 Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)
2015-07-30Annual General Meeting/ Final Dividend - Rs. 1.10/- Per Share (Book Closure Date Revised)
2014-09-04Interim Dividend - Rs 1.40/- Per Share (Purpose Revised)
2014-07-18Annual General Meeting / Final Dividend - Re 0.60/- Per Share
2014-02-17Second Interim Dividend - Re 0.40/- Per Share (Purpose Revised)
2013-09-24Interim Dividend - Re 0.30/- Per Share
2013-07-19Annual General Meeting/ Final Dividend Rs 0.50 Per Equity Share
2013-02-113rd Interim Dividend Re 0.40 Per Share
2012-11-152nd Interim Dividend Re.0.40 Per Share
2012-09-17Interim Dividend Re 0.30 Per Share
2012-07-19Dividend - Rs.0.20 Per Share
2012-04-12Interim Dividend Rs 0.80 Per Share
2012-02-033rd Interim Dividend Re.0.40 Per Share
2011-11-03Interim Dividend Re 0.40 Per Share
2011-09-071st Interim Dividend Re.0.40 Per Share
2011-07-22Final Dividend - Rs 0.70 Per Share
2011-02-042nd Interim Dividend-Re.0.40 Per Share
2010-11-24Interim Dividend Rs 2/- Per Share And Face Value Split From Rs 10/- To Rs 2/-0.2000
2010-10-08Final Dividend Rs.3/- Per Share And Special Dividend Rs.7.50 Per Share
2010-05-063rd Int Div-Rs.2/- Pr Shr
2010-02-092nd Int Div-Rs.1.50 Pr Sh
2009-11-20Int Div-Re.1/- Per Share
2009-10-14Final Div-Re.1/- Pr Share
2009-06-182nd Int Div-Re.1.50 Pr Sh
2008-11-171st Interim Dividend- 15%
2008-10-15Annual General Meeting Bc End Date Revised
2008-05-023rd Interim Dividend-20%
2008-02-042nd Interim Dividend- 20%
2007-11-161st Int Div-Rs2.00 Per Sh
2007-10-09Agm/Fin Div-Re.1/- Per Shpurpose Revised
2007-03-213rd Interim Dividend-20% Purpose Revised
2007-02-082nd Interim Dividend-20% Purpose Revised
2006-11-101st Interim Dividend-20%
2006-10-10Agm/Fin Div-Re.1/- Per Shbc End Date Revised
2006-04-213rd Interim Dividend-20% Purpose Revised
DateTypeWhat it says
2026-09-24Concall / analyst meetSchedule of meet
2026-09-17Concall / analyst meetSchedule of meet
2026-09-08Press ReleaseA press release dated September 08, 2026, issued by Greaves Electric Mobility Limited, subsidiary of the Company, titled "Ampere Magnus GMax Begins th...
2026-09-07Concall / analyst meetSchedule of meet
2026-09-07Press ReleaseA press release dated September 07, 2026, titled "Greaves Cotton Unveils 750 HP Fire Fighting Engine at FSIE Expo 2026".
2026-09-04Credit Rating- RevisionCredit Rating- Revision
2026-08-25Concall / analyst meetSchedule of meet
2026-08-17Press ReleaseA press release dated August 17, 2026, titled "Greaves Cotton Completes Acquisition of Excel Controlinkage, Takes Ownership to 100%".
2026-08-14AcquisitionIn relation to further acquisition in Excel Controlinkage Private Limited ("Excel"), material subsidiary of the Company. Excel has become a wholly own...
2026-08-12Concall / analyst meetTranscript for the quarter ended 30th June 2026
2026-08-12Press ReleaseA press release dated August 12, 2026, issued by Greaves Electric Mobility Limited, subsidiary of the Company, titled "Ampere Magnus G Max Gets Smart...
2026-08-10Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetLink of Recording
2026-08-05Shareholder meetingGreaves Cotton Limited has submitted the Exchange voting results of 107th Annual General Meeting of the Company along with the Scrutinizers report.
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Shareholder meetingProceedings of 107th Annual General Meeting held on August 04, 2026
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Press Release - Q1FY27".
2026-08-04Board meeting outcomeOutcome of Board Meeting held on August 04, 2026.
2026-08-04Board meeting outcomeGreaves Cotton Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-03Press ReleaseA press release dated August 03, 2026, issued by Greaves Electric Mobility Limited, subsidiary of the Company titled "Greaves Electric Mobilitys Righ...
2026-08-02AcquisitionAllotment of equity shares by its material subsidiary, Greaves Electric Mobility Limited pursuant to rights issue
2026-07-31General UpdatesGeneral Updates under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
2026-07-28Concall / analyst meetSchedule of meet
2026-07-28Press ReleaseA Press Release issued by Greaves Electric Mobility Limited, subsidiary of the Company, with the heading Ampere and Muthoot Capital forges partnershi...
2026-07-10Press ReleaseA press release dated July 10, 2026, titled " Greaves Cotton Reinforces Commitment to Greaves Electric Mobility with Proposed ₹331 Crore Rights ...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-281
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Greaves Cotton Ltd?

Greaves Cotton Ltd (GREAVESCOT) has a market capitalisation of Rs 5,474 Cr. at the 2026-10-01 close.

What is the P/E ratio of Greaves Cotton Ltd?

Greaves Cotton Ltd trades at a P/E of 54.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Greaves Cotton Ltd's latest quarterly results?

In the Jun 2026 quarter, Greaves Cotton Ltd sales was Rs 974 Cr (+30.7% vs Jun 2025) and net profit was Rs 6 Cr.

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

The 52-week high is Rs 271.90 and the 52-week low is Rs 119.99.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03