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Not investment advice. Data and computed figures, for information only.

Greaves Cotton Ltd

NSE: GREAVESCOT
₹203.55
−₹5.25 (−2.51%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,827 Cr
CMP
₹203.55
52-wk High / Low
₹272 / 120
P/E
48.4
P/B
3.4
Book Value
₹61.4
Div Yield
0.97%
ROCE
10.0%
ROE
8.1%
Face Value
₹2
D/E
0.28

Price−2.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹80
√(22.5 × EPS × book value per share)
ROIC
2.2%
vs 12.3% sector median
Cash flow to profit
0.94
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−185
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
4.3%
ROE × earnings retention ratio
ROE stability
10.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII −0.50DII +0.50
Latest quarter vs the previous one
Cash-accrual divergence
0.1%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
Watch-outs
−Latest ROCE of 10% trails the sector median of 19%

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5697276656736407057518237458158751,000974
Expenses583681630649612682711777689764813932918
Operating Profit−14463524272340465752626856
OPM %−2.5%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 Income22−36562111791812187−11−311
Interest222334365561012
Depreciation17192028262626252727282828
Profit before tax−10−34174315229274327172827
Net Profit−25−37546−13−0−1472216626
EPS (₹)−0.22−8.222.500.110.440.140.901.031.421.121.100.971.11

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6981,6161,6341,7922,0151,9111,5001,7102,6992,6332,9183,4373,665
Expenses1,5051,4131,3951,5371,7431,7011,4211,6852,5732,5432,7823,1973,427
Operating Profit192203240255272210802512791137239238
OPM %11.3%12.6%14.7%14.2%13.5%11.0%5.3%1.5%4.7%3.5%4.7%7.0%6.5%
Other Income−3113856932425−262055−27056104
Interest21114575129162633
Depreciation48464752526160595784103109110
Profit before tax111294249295240169−14−19113−2737211599
Net Profit84201181202163127−19−3570−367−63521
EPS (₹)3.428.237.408.286.745.59−0.81−1.523.37−5.832.514.604.30

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
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

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %21.028.023.023.024.018.03.0−1.09.04.05.010.0
ROE %———————————8.1
EPS (₹)3.428.237.408.286.745.59−0.81−1.523.37−5.832.514.60
Book Value (₹)———————————61.4
Face Value (₹)———————————2
P/E———————————48.4
Div Yield %———————————0.97
NPM %5.011.510.710.78.06.6−1.3−2.02.5−15.5−0.21.0
OPM %11.013.015.014.014.011.05.01.54.73.44.77.0
D/E0.000.000.000.000.010.040.030.340.020.060.060.28
P/B———————————3.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+8.0%
5 years+18.0%
3 years+8.0%
TTM+21.0%
Compounded profit growth
10 years−3.0%
5 years+27.0%
3 years+10.0%
TTM+49.0%
Stock price CAGR
10 years+5.0%
5 years+9.0%
3 years+15.0%
Last year+0.0%
Return on equity
10 years8.0%
5 years4.0%
3 years5.0%
Last year8.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.00%51.00%51.00%51.90%54.82%55.63%55.55%55.74%56.00%55.88%55.78%55.77%
FIIs6.56%6.56%6.72%14.02%15.64%4.94%3.13%4.54%2.81%2.86%1.85%1.35%
DIIs26.96%26.96%18.93%15.62%13.43%13.03%9.52%4.22%3.75%3.31%3.67%4.17%
Government————————————
Public15.47%15.47%23.35%18.46%16.11%26.40%31.79%35.50%37.43%37.93%38.68%38.67%
No. of shareholders45,50145,50194,95282,24077,5561,15,6702,12,9332,21,3272,05,0423,01,5093,69,1413,47,238
Change since Jun 2023 (pp)
Promoters +4.77FIIs −5.21DIIs −22.79Public +23.20

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026PPTFeb 2026Recording

Corporate actions

As of 28 Jul 2026
28 Jul 2026DIVIDENDDividend - Rs 2 Per Share—
23 Jul 2025DIVIDENDDividend - Rs 2 Per Share—
1 Aug 2024DIVIDENDDividend - Rs 2 Per Share—
3 Aug 2023DIVIDENDDividend - Rs 0.90 Per Share—
3 Aug 2022DIVIDENDDividend - Rs 0.20 Per Share—
3 Aug 2021DIVIDEND Dividend - Rs 0.20 Per Share—
13 Feb 2019DIVIDEND Interim Dividend - Rs 4 Per Share—
3 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.5 Per Share—
14 Feb 2018DIVIDEND Interim Dividend Rs 4/- Per Share (Purpose Revised)—
26 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.50 Per Share—
22 Feb 2017DIVIDEND Interim Dividend Rs 4/- Per Share (Purpose Revised)—
16 Sep 2016DIVIDEND Annual General Meeting/ Dividend - Re.1/- Per Share (Bokk Closure Dates Revised)—
11 Feb 2016DIVIDEND Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)—
30 Jul 2015DIVIDENDAnnual General Meeting/ Final Dividend - Rs. 1.10/- Per Share (Book Closure Date Revised)—
4 Sep 2014DIVIDENDInterim Dividend - Rs 1.40/- Per Share (Purpose Revised)—
18 Jul 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 0.60/- Per Share—
17 Feb 2014DIVIDENDSecond Interim Dividend - Re 0.40/- Per Share (Purpose Revised)—
24 Sep 2013DIVIDENDInterim Dividend - Re 0.30/- Per Share—
19 Jul 2013DIVIDENDAnnual General Meeting/ Final Dividend Rs 0.50 Per Equity Share—
11 Feb 2013DIVIDEND3rd Interim Dividend Re 0.40 Per Share—
15 Nov 2012DIVIDEND2nd Interim Dividend Re.0.40 Per Share—
17 Sep 2012DIVIDENDInterim Dividend Re 0.30 Per Share—
19 Jul 2012DIVIDENDDividend - Rs.0.20 Per Share—
12 Apr 2012DIVIDENDInterim Dividend Rs 0.80 Per Share—
3 Feb 2012DIVIDEND3rd Interim Dividend Re.0.40 Per Share—
3 Nov 2011DIVIDENDInterim Dividend Re 0.40 Per Share—
7 Sep 2011DIVIDEND1st Interim Dividend Re.0.40 Per Share—
22 Jul 2011DIVIDENDFinal Dividend - Rs 0.70 Per Share—
4 Feb 2011DIVIDEND2nd Interim Dividend-Re.0.40 Per Share—
24 Nov 2010SPLITInterim Dividend Rs 2/- Per Share And Face Value Split From Rs 10/- To Rs 2/-10 : 2
8 Oct 2010DIVIDENDFinal Dividend Rs.3/- Per Share And Special Dividend Rs.7.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman