Greaves Cotton Ltd

Greaves Cotton Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Greaves Cotton Ltd

₹ 245 -3.51%
12 Dec 11:07 a.m.
greavescotton.com BSE: 501455 NSE: GREAVESCOT
About

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)

Key Points

Business Segments
1) Engines (61% in FY24 vs 64% in FY22): Manufactures diesel/petrol/CNG engines, power gensets, and trading of power tillers, etc. It offers non-auto engines ranging from 1.5 HP to 700 HP for various applications. [1]

Website BSE NSE
  • Market Cap ₹ 5,696 Cr.
  • Current Price ₹ 245
  • High / Low ₹ 260 / 112
  • Stock P/E 33.6
  • Book Value ₹ 57.8
  • Dividend Yield 0.79 %
  • ROCE 19.0 %
  • ROE 14.9 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.2%

Cons

  • Stock is trading at 4.39 times its book value
  • The company has delivered a poor sales growth of -2.20% over past five years.
  • Company has a low return on equity of 10.0% over last 3 years.
  • Earnings include an other income of Rs.83.1 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engines

Part of Nifty Total Market BSE SmallCap Nifty Microcap 250 BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
284 301 379 374 374 365 437 396 459 443 481 445 468
280 283 350 346 341 326 385 351 395 376 425 395 409
Operating Profit 4 17 29 27 33 39 52 45 64 67 56 50 59
OPM % 2% 6% 8% 7% 9% 11% 12% 11% 14% 15% 12% 11% 13%
18 5 7 32 7 8 3 11 100 56 10 12 5
Interest 1 1 1 1 1 1 0 0 0 1 0 1 0
Depreciation 11 10 10 10 10 9 9 9 10 11 11 12 12
Profit before tax 11 11 25 48 31 37 45 45 154 112 54 49 52
Tax % 26% 27% 34% 26% 26% 26% 35% 26% 20% 22% 27% 26% 26%
8 8 17 36 23 27 29 34 123 88 39 37 39
EPS in Rs 0.36 0.36 0.73 1.54 0.98 1.18 1.27 1.46 5.32 3.78 1.70 1.57 1.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,873 1,719 1,689 1,613 1,634 1,792 1,988 1,821 1,329 1,178 1,550 1,779 1,836
1,631 1,570 1,496 1,411 1,394 1,537 1,713 1,593 1,232 1,132 1,398 1,547 1,604
Operating Profit 242 149 192 203 240 255 275 228 97 45 151 232 232
OPM % 13% 9% 11% 13% 15% 14% 14% 13% 7% 4% 10% 13% 13%
-2 64 -34 136 56 93 24 24 -24 38 50 177 83
Interest 1 5 2 1 1 1 3 4 6 2 2 2 2
Depreciation 39 43 47 45 47 52 49 52 48 42 38 41 46
Profit before tax 200 164 109 293 249 296 246 197 18 39 161 366 268
Tax % 31% 31% 25% 32% 27% 31% 31% 25% 44% 31% 28% 22%
138 113 82 199 181 203 169 148 10 27 115 284 202
EPS in Rs 5.65 4.63 3.34 8.16 7.40 8.30 6.93 6.38 0.45 1.17 4.97 12.26 8.71
Dividend Payout % 28% 28% 75% 67% 74% 66% 58% 0% 45% 17% 18% 16%
Compounded Sales Growth
10 Years: 0%
5 Years: -2%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: 5%
5 Years: 2%
3 Years: 175%
TTM: 14%
Stock Price CAGR
10 Years: 6%
5 Years: 15%
3 Years: 19%
1 Year: 80%
Return on Equity
10 Years: 13%
5 Years: 9%
3 Years: 10%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 49 49 49 49 49 49 49 46 46 46 46 46 46
Reserves 693 769 771 838 872 912 920 842 855 883 999 1,268 1,298
2 0 0 0 0 0 0 15 11 20 17 19 16
435 382 299 286 325 381 440 386 417 431 443 427 439
Total Liabilities 1,180 1,200 1,119 1,173 1,246 1,342 1,409 1,290 1,329 1,381 1,506 1,760 1,799
368 368 325 283 292 277 261 306 267 230 210 257 270
CWIP 8 5 8 24 15 28 71 69 74 78 74 23 15
Investments 94 178 284 359 407 503 492 177 177 177 210 488 639
710 649 501 506 532 534 585 739 811 896 1,011 991 876
Total Assets 1,180 1,200 1,119 1,173 1,246 1,342 1,409 1,290 1,329 1,381 1,506 1,760 1,799

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
105 157 223 235 118 279 165 120 172 24 141 184
-55 -123 -178 -74 33 -97 9 234 -146 -115 -164 -91
-78 -41 -59 -166 -148 -162 -165 -238 -10 -12 -11 -27
Net Cash Flow -29 -7 -15 -5 3 20 9 116 16 -102 -34 66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 73 71 51 45 60 51 62 48 56 55 38 41
Inventory Days 45 49 33 38 45 33 31 50 60 61 51 42
Days Payable 65 58 46 68 76 82 86 82 123 104 81 83
Cash Conversion Cycle 53 62 38 15 29 2 7 16 -7 12 8 0
Working Capital Days 51 54 35 44 39 21 14 25 2 -13 89 49
ROCE % 30% 22% 21% 28% 26% 26% 24% 15% 6% 4% 15% 19%

Shareholding Pattern

Numbers in percentages

21 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.62% 55.55% 55.54% 55.54% 55.54% 55.74% 55.87% 56.00% 56.00% 56.00% 55.88% 55.88%
3.84% 3.13% 3.47% 3.90% 4.15% 4.54% 4.94% 4.57% 3.18% 2.81% 1.15% 1.04%
9.19% 9.52% 8.58% 7.68% 5.10% 4.22% 3.63% 3.42% 3.44% 3.75% 3.76% 3.81%
31.35% 31.79% 32.41% 32.86% 35.20% 35.50% 35.56% 35.99% 37.36% 37.43% 39.18% 39.23%
No. of Shareholders 1,92,7562,12,9332,21,5632,12,8322,17,7072,21,3272,18,6412,18,7312,11,6942,05,0422,12,8012,02,891

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

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