Greaves Cotton
- P/E
- 42.4x
- 52-week range
- 119.99 – 271.9
- ROE
- 8%
- ROCE
- 10%
- Sector
- Industrial Products
- Industry
- Compressors, Pumps & Diesel Engines
- Listed on
- NSE, BSE
About
Greaves Cotton Limited (GCL) is a diversified, multi-product, multi-fuel, and multi-location engineering company. GCL operates through its five business units, namely Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance, and Greaves Technologies. Greaves Engineering provides design engineering and precision manufacturing solutions for a variety of industries, including automotive, agriculture, marine, construction, and railways. Greaves Electric Mobility is engaged in designing and manufacturing electric two-wheelers and three-wheelers. Greaves Retail provides aftermarket spares and equipment, across multiple sectors. Greaves Finance is an electronic vehicle (EV)-focused Non-Banking Financial Company (NBFC). Under its platform evfin, it provides financing solutions tailored to electric vehicle owners. Greaves Technologies is a full-service Engineering, Research & Development (ER&D), and digital services and solutions provider.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Compressors, Pumps & Diesel Engines: 16 companies →Greaves Cotton against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)42.4 against a typical 35.1: pricier than most peers (1st = cheapest).10th of 15
- Sales growth+30.7% against a typical +14.8% from a year earlier.2nd of 15
- Profit growth−70.5% against a typical +18.6% from a year earlier.15th of 15
- Share price, 3 months−24.2% against a typical −13.5%.11th of 14
Latest announcements
Exchange filings and their impact on the company.
- Greaves Finance appoints Mukul Kanchan as ED & CEO to scale up EV financing.
Greaves Cotton said its wholly-owned subsidiary Greaves Finance Limited has appointed Mukul Kanchan as Executive Director & CEO. The appointment is aimed at scaling up EV financing. No financial targets or investment details were disclosed, so there is no immediate financial impact.
- Ampere doubled its sales and service footprint with 50+ new experience centres, aiding near-term EV volume growth.
Greaves Electric Mobility, a subsidiary of Greaves Cotton, opened 50+ new Ampere Experience Centres across India, doubling its sales and service footprint in just over a year. The expansion materially widens retail reach for Ampere electric scooters. It should support incremental volume and revenue growth over the next 12 months with limited direct capex as outlets are dealer-led.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA-; IND A1+ | Stable | 4 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 4 Sep 2026 | New rating | IND AA- | — | India Ratings | ₹ 120 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 4 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 6 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 6 Feb 2026 | Financial Results | To consider and approve the Unaudited financial results for the Quarter and Nine Months ended December 31, 2025 |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 30 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 30 Apr 2025 | Financial Results/Dividend | Greaves Cotton Limited has informed the Exchange about Board meeting to be held on 30th April 2025 to consider and approve the yearly Audited Financial Results of the Company for the period ended 31st March 2025 and Dividend. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 727 | 665 | 673 | 640 | 705 | 751 | 823 | 745 | 815 | 875 | 1,000 | 974 |
| Expenses | 681 | 630 | 649 | 612 | 682 | 711 | 777 | 689 | 764 | 813 | 932 | 918 |
| Operating Profit | 46 | 35 | 24 | 27 | 23 | 40 | 46 | 57 | 52 | 62 | 68 | 56 |
| OPM % | 6.3% | 5.3% | 3.5% | 4.3% | 3.3% | 5.3% | 5.6% | 7.6% | 6.4% | 7.1% | 6.8% | 5.8% |
| Other Income | −365 | 62 | 11 | 17 | 9 | 18 | 12 | 18 | 7 | −11 | −3 | 11 |
| Interest | 2 | 2 | 3 | 3 | 4 | 3 | 6 | 5 | 5 | 6 | 10 | 12 |
| Depreciation | 19 | 20 | 28 | 26 | 26 | 26 | 25 | 27 | 27 | 28 | 28 | 28 |
| Profit before tax | −341 | 74 | 3 | 15 | 2 | 29 | 27 | 43 | 27 | 17 | 28 | 27 |
| Tax % | 10% | 38.7% | 482.5% | 101.1% | 891.7% | 76.6% | 94.3% | 51.5% | 76.6% | 65.8% | 92% | 77.2% |
| Net Profit | −375 | 46 | −13 | −0 | −14 | 7 | 2 | 21 | 6 | 6 | 2 | 6 |
| EPS in Rs | −8.22 | 2.5 | 0.11 | 0.44 | 0.14 | 0.9 | 1.03 | 1.42 | 1.12 | 1.1 | 0.97 | 1.11 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 18%
- 3 Years
- 8%
- TTM
- 21%
- 10 Years
- −3%
- 5 Years
- 27%
- 3 Years
- 10%
- TTM
- 49%
- 10 Years
- 4%
- 5 Years
- 8%
- 3 Years
- 12%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 4%
- 3 Years
- 5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Greaves Cotton | ₹ 181.59 | — | 42.4x | — | 8% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- Parag Satpute
- Group Chief Executive Officer, Managing Director, Executive Director
- Manish Poddar
- Group Chief Financial Officer
- Atindra Nath Basu
- Compliance Officer, Group General Counsel, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.