1. Greaves Cotton
stock logo

100% Buy

Greaves Cotton Share Price

GREAVESCOT

₹129.60-₹3.50 (-2.63%) TodayLast updated on 24 May, 2024 | 03:58 PM IST
₹128.80₹131.00
L
Show Current Price
H
  • News

  • Company overview

  • Fundamentals

  • Events

  • More

Company overview

Financial performance

arrow

Market cap

Market Cap Switch₹3,088 Crs

Open

₹130.20

Close

₹133.10

Circuit range

₹159.70 - ₹106.50

Day range

₹128.80 - ₹131.00

Year range

₹121.05 - ₹175.70

Volume

14,22,036

Avg. traded

₹129.98

Revenue (12m)

₹2,633 Crs

Greaves Cotton

Greaves Cotton Limited was founded by James Greaves and George Cotton in the year 1859. They got into a joint venture with Crompton Parkinson of England and established Crompton Greaves in India in 1937. The company started manufacturing ceiling fans and other electrical appliances for Indian households. The company got into collaborations with Ruston & Hornsby Ltd., UK, in 1939 for manufacturing diesel engines and David Brown Gear Industries UK for setting up a power transmission unit in Pune. It pioneered the manufacturing of industrial and marine gearboxes in India.

The company, during the decades of 1980s and 1990s, got into manufacturing vibratory compactors and batching plants and crossed the 2 million mark in light diesel engines by 2009.

The market capitalisation of Greaves Cotton Limited stood at over ₹3,800 crore as of January 24, 2024. Greaves Cotton share price has gained 77% in the last three years.

Business operations

Today, Greaves Cotton Limited is an engineering conglomerate manufacturing solutions for fuel engines and heavy machinery. It is actively involved in producing engines for marine, agriculture, defence and other segments. It caters to the needs of both domestic and international markets. Greaves Cotton achieved several production milestones through collaborations with MNC technology groups. It has expanded its footprints across different international markets and ventured into new markets with all-round integration.

The company’s international business includes products such as engines, diesel gensets, farm mechanisation products, spare parts and construction equipment. The business growth in this sector is majorly in Africa. The company has emerged as a leader in Ethiopia, providing DG sets that power the banking sector.

In FY23, the company also secured new business deals in various countries, including Rwanda and South Africa. In the European market, growth was fueled by the acquisition of key businesses in Turkey and Croatia, resulting in a 50% increase in revenue in FY23.

The company operates six cutting-edge manufacturing facilities in Maharashtra and Tamil Nadu. It also has a nationwide presence including over 8,000 retail outlets, 20,000 mechanics, and 700 stores. Greaves Cotton’s manufacturing facility in Ranipet has an annual capacity of 500,000 e-scooters and is well-equipped to meet the increasing demand.

In 2023, the company relaunched the Ampere brand of electric vehicles with the introduction of 6 new variants. This could be achieved with the help of Rs 700 crore investment during the earlier years.

The company’s businesses are divided into the following segments: Greaves E-mobility, Greaves Finance, Greaves Retail, Greaves Technologies and Greaves Engineering.

Greaves Cotton is currently focusing on becoming active in the electrical and electronic sector, besides its role in metal-based manufacturing. The objective is to be a powerful name resolving the current day challenges around last-mile mobility.

It launched six electric two and three-wheelers, showing their efforts towards becoming a popular brand in the EV market. The company has also ventured into cloud services which is a rapidly growing industry. It is also venturing into the manufacturing of electric powertrains. For this, Greaves Cotton Limited has formed a partnership with ETA Green Power Ltd., a UK-based company specialising in advanced electric drive system design.

Financial highlights

– The company’s consolidated revenue from operations increased to ₹2,700 crore in FY23 as against ₹1,709.70 crore in FY22. – Its consolidated profit after taxes stood at ₹69.75 crore in FY23 compared to a loss of ₹35.30 crore in FY22. – Greaves Cotton’s EBITDA (earnings before interest, taxes, depreciation and amortisation) increased to ₹151 crore in FY23 as against ₹45 crore in FY22. – The company’s earnings per share (EPS) stood at ₹3.37 in FY23 as against ₹(-1.53) in FY22.

Greaves Cotton Key indicators

arrow

52 week high

₹175.70

52 week low

₹121.05

P/E ratio

P/B ratio

2.12

ROE

11.73%

ROCE

16.49%

Dividend yield

1.52%

Debt/Equity ratio

EPS

4.97

Learn more

Investment checklist: (3/6)

arrow
check status

Equity returns

check status

Dividend returns

check status

Safety factor

check status

Growth factor

check status

Debt vs Equity

check status

Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

arrow

Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 3 experts in the last 7 days

Fundamentals

Financial ratios

arrow
  • Profitability

  • Operational

  • Valuation

Operating profit margin

12.51%

Net profit margin

7.43%

ROE

11.73%

ROA

8.09%

ROCE

16.49%

Learn more

Greaves Cotton Shareholder returns

arrow

1 day

-2.63%

1 week

-3.18%

1 month

-5.09%

3 months

-20.32%

1 year

-14.99%

3 years

-1.03%

5 years

-10.31%

Revenue statement

All values are in ₹ Crores (Cr)
arrow

Cash flow

All values are in ₹ Crores (Cr)
arrow

Balance sheet

All values are in ₹ Crores (Cr)
arrow

Greaves Cotton Share Price history

arrow
DayOpenCloseDay’s change
Fri, May 24 2024
₹130.20
₹129.60
-2.63%
Thu, May 23 2024
₹133.55
₹133.10
+0.19%
Wed, May 22 2024
₹132.40
₹132.85
+0.45%
Tue, May 21 2024
₹134.35
₹132.25
-1.56%
Sat, May 18 2024
₹134.70
₹134.35
+0.37%
Fri, May 17 2024
₹131.50
₹133.85
+1.94%
Thu, May 16 2024
₹132.95
₹131.30
-1.39%
Wed, May 15 2024
₹133.00
₹133.15
+0.53%

Shareholding info

arrow

Promoters (56%)

Mutual Funds (0.46%)

Retail and other (37.43%)

Foreign institutions-FII (2.81%)

Other domestic institutions (3.29%)

Promoters

Learn more

Events

Corporate actions

arrow
  • Dividend • ₹0.9/share

    Ex date 03 Aug 2023

    expand tab
  • Dividend • ₹0.2/share

    Ex date 03 Aug 2022

    expand tab
  • Dividend • ₹2/share

    Ex date

    expand tab

Learn more

Frequently asked questions