Greaves Cotton Limited

NSE: GREAVESCOT · Capital Goods

₹204.32-0.77%06 Nov 2026

Ask the data

Instant answers about Greaves Cotton Limited — computed from its filings, no language model

Market cap₹4,760 cr

Current price₹204.32

High / Low₹264 / ₹121

P/E60.5

P/B3.49

Book value₹58.6

ROE5.8%

ROCE5.3%

Debt / equity0.38

Dividend yield0.98%

EPS (TTM)₹3.38

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,911	1,500	1,710	2,699	2,633	2,918	3,437
EBITDA	210	80	27	133	91	136	239
Operating margin	11.0%	5.3%	1.6%	4.9%	3.5%	4.7%	7.0%
Interest	5	7	5	12	9	16	26
Depreciation	61	60	59	57	84	103	109
Profit before tax	169	-14	-17	120	-272	72	115
Tax	42	5	16	43	94	79	80
Net profit	129	-19	-35	78	-135	58	107
EPS ₹	5.40	-0.81	-1.53	3.37	-5.83	2.51	4.60
Operating cash flow	—	—	-63	-135	-153	-23	33
Capex	—	—	66	235	159	82	96
Dividend paid	—	—	5	5	21	46	47
Total assets	—	—	—	2,724	2,464	2,552	2,894
Equity	—	—	—	1,587	1,440	1,406	1,431

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	492	512	520	386	156	329	495	520	229	374	486	621	660	699	514	827	569	727	665	673	640	705	751	823	745	815	875	1,000	974	1,176
Operating profit	58	55	73	24	-27	16	49	42	-17	-10	14	41	38	43	3	49	-14	46	35	24	27	23	40	46	57	52	62	68	56	73
Operating margin	11.8%	10.7%	14.1%	6.1%	-17.1%	4.8%	9.9%	8.0%	-7.4%	-2.7%	2.8%	6.5%	5.8%	6.1%	0.6%	5.9%	-2.4%	6.3%	5.3%	3.5%	4.3%	3.3%	5.3%	5.6%	7.6%	6.4%	7.1%	6.8%	5.8%	6.2%
Other income	7	6	3	3	2	2	2	2	3	6	3	10	11	15	18	24	22	15	14	13	17	14	12	12	18	10	8	13	11	11
Interest	1	1	1	1	2	2	1	1	1	1	1	2	6	2	2	1	2	2	2	3	3	4	3	6	5	5	6	10	12	14
Depreciation	14	16	13	18	14	15	15	16	15	15	14	15	14	14	13	15	17	19	20	28	26	26	26	25	27	27	28	28	28	53
Profit before tax	51	49	67	3	-41	-31	31	27	-25	-19	0	27	29	42	5	44	-10	-341	74	3	15	2	29	27	43	27	17	28	27	-16
Tax	16	6	18	2	-10	-9	10	14	-3	4	6	9	11	8	9	15	15	34	29	17	15	16	22	25	22	21	11	25	21	14
Net profit	36	44	49	1	-31	-22	21	14	-22	-23	-6	17	16	29	6	27	-5	-191	58	3	10	3	21	24	33	26	26	23	26	5
EPS ₹	1.46	1.80	2.06	0.02	-1.33	-0.97	0.90	0.59	-0.97	-1.01	-0.27	0.72	0.69	1.25	0.28	1.15	-0.22	-8.22	2.50	0.11	0.44	0.14	0.90	1.03	1.42	1.12	1.10	0.97	1.11	0.20
Revenue YoY	—	—	—	—	-68.3%	-35.7%	-4.9%	34.8%	46.7%	13.4%	-1.7%	19.3%	188.3%	87.1%	5.6%	33.2%	-13.9%	4.0%	29.6%	-18.7%	12.5%	-2.9%	12.8%	22.3%	16.5%	15.6%	16.6%	21.6%	30.7%	44.2%
Profit YoY	—	—	—	—	-186.4%	-151.3%	-57.3%	2294.7%	—	—	-129.8%	22.4%	—	—	—	59.5%	-131.6%	-760.6%	802.5%	-90.4%	—	—	-64.1%	839.5%	220.6%	707.8%	22.5%	-6.3%	-22.1%	-81.5%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Greaves Cotton Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	1,211	1,262	1,598	1,751	1,873	1,719	1,689	1,616	1,821	1,840	1,988
Operating profit	126	186	243	238	242	194	200	269	245	256	275
Operating margin	10.4%	14.7%	15.2%	13.6%	12.9%	11.3%	11.8%	16.6%	13.4%	13.9%	13.8%
Other income	5	6	18	8	16	27	24	45	49	45	42
Interest	19	14	10	7	1	5	2	1	1	1	3
Depreciation	24	27	28	32	39	43	47	45	47	52	49
Profit before tax	96	152	223	251	200	164	109	292	249	296	246
Tax	26	49	68	65	62	51	27	93	68	93	77
Net profit	69	103	155	185	138	113	82	199	181	203	169

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	311	342	342	321	350	277	262	262	299	343	358	348	378	419	453	402	440	464	445	412	450	516	496	412	448	423	435	423	441	431	394	381	425	406	405	445	489	451	435	454	452	447	486	458	495	506	528
Operating profit	35	43	44	37	41	22	26	25	44	58	58	45	60	71	67	57	63	58	60	50	58	72	63	49	50	47	46	47	56	52	45	62	76	67	63	60	70	61	53	55	68	62	70	61	73	71	70
Operating margin	11.3%	12.5%	12.9%	11.5%	11.6%	8.0%	10.1%	9.4%	14.9%	17.0%	16.3%	13.1%	15.8%	17.0%	14.7%	14.2%	14.4%	12.6%	13.4%	12.1%	12.8%	13.9%	12.8%	12.0%	11.3%	11.2%	10.6%	11.1%	12.7%	11.9%	11.5%	16.4%	17.9%	16.6%	15.6%	13.6%	14.3%	13.6%	12.3%	12.2%	15.1%	13.9%	14.4%	13.3%	14.8%	13.9%	13.3%
Other income	2	2	3	2	2	1	0	4	1	1	1	4	2	3	10	2	2	1	3	3	2	7	4	6	6	7	8	4	6	5	9	7	11	13	13	11	13	10	16	10	11	9	15	10	13	10	9
Interest	5	5	3	6	6	6	1	4	4	3	3	3	2	3	2	1	2	3	1	0	0	0	0	1	1	1	2	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	1	0	1	1	1
Depreciation	5	5	5	5	6	6	7	6	7	7	7	7	7	7	7	7	7	8	9	9	9	10	11	10	10	11	12	11	13	12	11	11	12	12	11	11	12	12	13	12	14	13	13	13	13	12	12
Profit before tax	27	35	42	34	30	12	19	18	34	49	50	40	52	64	67	50	55	49	96	43	47	54	56	45	5	41	74	40	34	3	32	66	74	94	58	55	71	60	63	60	71	80	84	58	72	63	53
Tax	3	6	12	8	10	4	5	5	10	17	17	12	16	20	20	15	17	15	19	12	13	20	17	13	13	3	22	11	7	1	8	22	19	31	20	16	20	16	16	18	22	25	28	18	23	20	16
Net profit	24	29	30	26	21	8	14	13	24	33	34	28	36	44	47	35	39	34	78	32	34	34	38	32	-8	38	52	29	27	2	24	43	54	63	38	39	51	44	47	41	49	56	57	40	49	43	37
EPS ₹	4.87	6.03	6.24	5.42	4.23	1.58	2.94	2.71	4.89	6.69	6.88	5.69	7.43	1.82	1.91	1.43	1.58	1.40	3.18	1.29	1.37	1.41	1.58	1.30	-0.33	1.55	2.11	1.18	1.12	0.07	0.97	1.77	2.22	2.58	1.57	1.58	2.10	1.81	—	1.69	2.01	2.28	2.32	1.63	2.02	1.75	1.53
Revenue YoY	—	—	—	—	12.6%	-19.0%	-23.2%	-18.3%	-14.6%	23.6%	36.5%	32.5%	26.7%	22.3%	26.5%	15.6%	16.2%	10.8%	-1.6%	2.4%	2.4%	11.1%	11.3%	0.2%	-0.5%	-17.9%	-12.2%	2.5%	-1.5%	1.8%	-9.5%	-9.9%	-3.8%	-5.9%	2.9%	16.9%	15.2%	11.2%	7.4%	2.0%	-7.6%	-0.9%	11.8%	0.9%	9.4%	13.2%	8.6%
Profit YoY	—	—	—	—	-13.2%	-73.7%	-52.8%	-49.9%	15.8%	322.4%	133.9%	109.6%	51.8%	35.7%	38.8%	25.9%	6.5%	-23.0%	66.6%	-9.7%	-13.1%	0.6%	-50.5%	0.7%	-123.8%	9.9%	34.0%	-9.5%	—	-95.3%	-54.0%	50.8%	98.8%	3473.3%	61.4%	-11.1%	-5.5%	-29.9%	22.1%	6.8%	-4.0%	26.1%	21.2%	-3.2%	0.3%	-23.2%	-34.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	3.6%	4.4%	4.9%	3.6%	-11.8%	-8.1%	-9.4%	-8.3%	5.5%	2.7%	4.2%	5.8%	7.6%	7.9%	7.5%	7.0%	5.8%
ROCE	—	—	—	—	—	—	—	—	—	—	6.8%	7.2%	8.3%	5.6%	-20.6%	-15.7%	-17.7%	-15.9%	7.6%	4.4%	6.1%	8.1%	9.5%	9.0%	8.0%	7.5%	5.3%
Net margin	6.8%	4.0%	-0.3%	-2.3%	-1.3%	-0.7%	-0.7%	-2.4%	-2.1%	0.2%	2.2%	2.7%	2.9%	2.2%	-6.2%	-4.0%	-5.1%	-4.4%	2.8%	1.3%	2.0%	2.7%	3.3%	3.3%	3.1%	2.7%	2.0%
EBITDA margin	11.0%	7.9%	6.2%	4.5%	5.3%	5.7%	3.9%	1.7%	1.6%	3.9%	5.5%	5.0%	4.9%	3.1%	3.2%	4.2%	3.5%	4.9%	4.1%	4.1%	4.7%	5.5%	6.2%	6.6%	7.0%	6.5%	6.5%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.04	0.04	0.00	0.00	0.04	0.04	0.03	0.03	0.04	0.04	0.04	0.04	0.10	0.10	0.23	0.23	0.38
Interest coverage	34.33	12.87	0.61	-4.22	-0.99	1.35	4.34	-2.92	-2.15	4.50	9.48	9.04	11.24	12.08	-39.44	-30.51	-28.49	-22.65	8.58	4.67	5.45	6.51	7.68	6.19	5.41	3.98	2.31
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.91	0.92	0.99	0.96	0.99	1.05	1.07	1.10	1.09	1.13	1.14	1.19	1.25	1.30	1.19	1.27	1.26

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	46	46	46	46	46	46	47	47	47
Other equity / reserves	1,485	1,540	1,328	1,394	1,312	1,359	1,329	1,384	1,319
Total equity	1,531	1,587	1,374	1,440	1,358	1,406	1,376	1,431	1,366
Borrowings	68	3	53	49	57	53	142	326	513
Current liabilities	673	713	935	690	784	861	758	932	1,190
Non-current liabilities	100	44	83	100	97	105	260	448	469
Total assets	2,696	2,724	2,654	2,464	2,455	2,552	2,517	2,894	3,195
Property, plant & equipment	241	251	324	377	391	404	414	451	431
Capital work-in-progress	26	22	36	32	27	18	28	30	33
Investments	13	123	296	157	235	121	96	67	66
Inventories	220	215	329	276	311	336	366	314	455
Receivables	165	166	234	236	257	334	329	345	417
Cash & equivalents	505	86	133	148	83	135	48	191	86

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-63	-135	-153	-23	33
Cash from investing	-232	-758	232	50	-99
Cash from financing	210	889	-32	-40	123
Capex	66	235	159	82	96
Free cash flow	-129	-370	-312	-104	-63
Dividends paid	5	5	21	46	47

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹431 cr14%

CWIP

₹33 cr1%

Investments

₹66 cr2%

Inventories

₹455 cr14%

Receivables

₹417 cr13%

Cash & equivalents

₹86 cr3%

Other assets

₹1,707 cr53%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Greaves Cotton Limited	4,760	204.32	60.5	3.49	5.8%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.6%

6 months+21.6%

1 year-11.2%

3Y CAGR+16.2%

5Y CAGR+8.9%

10Y CAGR+4.3%

50-day avg₹202.07

200-day avg₹185.83

RSI (14)50

FAQs

What is the share price of Greaves Cotton Limited?

Greaves Cotton Limited (GREAVESCOT) closed at ₹204.32 on NSE on 06 Nov 2026.

What is the market cap of Greaves Cotton Limited?

₹4,760 crore at the latest close.

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

60.5, on trailing-twelve-month earnings from its filings.

How fast is Greaves Cotton Limited growing?

Greaves Cotton Limited: revenue has compounded at 8.4% a year over three years; net profit at 11.1% a year. Latest-quarter revenue is up 44.2% year on year, profit down 81.5%.

How profitable is Greaves Cotton Limited?

On a trailing-twelve-month basis return on equity is 5.8%, return on capital employed 5.3%, operating margin 6.5%, net margin 2.0%.

How much debt does Greaves Cotton Limited have?

Greaves Cotton Limited is lightly geared: debt to equity is 0.38 with borrowings of ₹513 cr against cash of ₹86 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.3 times.

Financials parsed from Greaves Cotton Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.