Is Greaves Cotton a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Greaves Cotton Ltd is a average quality company .

Is Greaves Cotton undervalued or overvalued?

The key valuation ratios of Greaves Cotton Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Greaves Cotton share price return in the past 10 years?

Greaves Cotton Ltd share price has appreciated 1.6% annually (CAGR) over the past ten years.

Is Greaves Cotton a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Greaves Cotton Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Greaves Cotton Ltd - Stock Valuation and Financial Performance

Name: Greaves Cotton
Brand: Greaves Cotton

BSE: 501455 | NSE: GREAVESCOT | Diesel Engines | Small Cap

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Greaves Cotton Share Price

₹169.65 -4.85 -2.78%
as on 21-Nov'24 16:59

10 Year X-Ray of Greaves Cotton:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	23.8%	34.8%	27.9%	31.3%	25.1%	19.5%	-0.9%	-1.6%	9.7%	-17.1%	-
Value Creation Index ⓘ	0.7	1.5	1.0	1.2	0.8	0.4	-1.1	-1.1	-0.3	-2.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,659	1,616	1,634	1,792	2,015	1,911	1,500	1,710	2,699	2,633	2,683
Sales YoY Gr.	-	-2.6%	1.1%	9.7%	12.5%	-5.2%	-21.5%	14%	57.9%	-2.5%	-
Adj EPS ⓘ	5.8	6.6	7	6.8	5.8	5.3	-0.3	-1.9	3.7	4.2	3.2
YoY Gr.	-	13.7%	5.9%	-3.3%	-14.9%	-9.2%	-105.9%	NA	NA	12.6%	-
BVPS (₹) ⓘ	33.5	36.5	37.9	39.5	39.7	34.5	33.8	32.2	67.9	61.2	58.4
Adj Net Profit ⓘ	143	162	172	166	141	122	-7.1	-43.3	86.1	97.2	74
Cash Flow from Ops. ⓘ	225	230	114	280	145	102	147	-56.3	-135	-153	-
Debt/CF from Ops. ⓘ	0	0	0	0	0.1	0.1	0	-4.1	-0	-0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.3%	5.5%	20.6%	-2.5%
Adj EPS ⓘ	-3.6%	-6.3%	NA	12.6%
BVPSⓘ	6.9%	9%	21.9%	-9.9%
Share Price	1.6%	5%	3.5%	30.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	17.4	18.9	18.9	17.6	14.6	13.8	-0.9	-5.7	7.4	6.4	5.3
Op. Profit Mgn % ⓘ	17	16.4	14.6	14.1	13.3	11	5.3	1.4	4.9	3.4	4.1
Net Profit Mgn % ⓘ	8.6	10	10.5	9.3	6.9	6.3	-0.5	-2.5	2.9	-5.1	2.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0.3	0	0	0
Working Cap Days ⓘ	138	94	98	99	96	111	138	170	178	184	84
Cash Conv. Cycle ⓘ	36	19	16	15	13	22	15	1	-8	1	36

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.30%

Sales growth is growing at healthy rate in last 3 years 20.62%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 5.12%

Latest Financials - Greaves Cotton Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.7	3.2
TTM Sales (₹ Cr.)	1,836	2,683
BVPS (₹.) ⓘ	57.8	58.4
Reserves (₹ Cr.) ⓘ	1,298	1,312
P/BV ⓘ	3.02	2.99
PE ⓘ	20.06	54.73

From the Market
52 Week Low / High (₹)	112.50 / 199.35
All Time Low / High (₹)	0.77 / 258.85
Market Cap (₹ Cr.)	4,057
Equity (₹ Cr.)	46.5
Face Value (₹)	2
Industry PE ⓘ	44.3

Management X-Ray of Greaves Cotton:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Greaves Cotton

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Greaves Cotton

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,659	1,616	1,634	1,792	2,015	1,911	1,500	1,710	2,699	2,633
Operating Expenses ⓘ	1,378	1,351	1,396	1,540	1,752	1,752	1,421	1,687	2,566	2,543
Manufacturing Costs	-88	49	50	49	54	58	54	66	76	124
Material Costs	1,147	1,039	1,061	1,210	1,382	1,318	1,080	1,259	1,970	1,799
Employee Cost	164	155	160	167	178	173	142	170	212	311
Other Costs ⓘ	155	108	125	114	138	203	145	192	308	308
Operating Profit ⓘ	281	265	238	253	264	159	80	23	133	90
Operating Profit Margin (%)	16.9%	16.4%	14.6%	14.1%	13.1%	8.3%	5.3%	1.3%	4.9%	3.4%
Other Income ⓘ	25	51	56	48	50	71	8	27	67	66
Interest ⓘ	2	1	1	1	4	5	7	5	12	9
Depreciation ⓘ	48	46	47	52	52	61	60	59	57	84
Exceptional Items ⓘ	-63	27	6	47	-18	5	-34	-2	-13	-335
Profit Before Tax ⓘ	192	296	252	295	240	169	-14	-19	113	-273
Tax ⓘ	55	94	68	93	77	42	5	16	43	94
Profit After Tax	137	203	184	202	163	127	-19	-35	70	-367
PAT Margin (%)	8.3%	12.5%	11.3%	11.3%	8.1%	6.7%	-1.3%	-2.1%	2.6%	-13.9%
Adjusted EPS (₹)	3.4	8.2	7.4	8.3	6.7	5.6	-0.8	-1.5	3.4	-5.8
Dividend Payout Ratio (%)	73%	67%	74%	66%	59%	0%	-25%	-13%	27%	-34%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	823	891	925	965	969	798	781	744	1,573	1,419
Share Capital ⓘ	49	49	49	49	49	46	46	46	46	46
Reserves ⓘ	774	842	876	916	920	752	734	698	1,526	1,373
Minority Interest	0	0	0	0	14	0	0	0	381	234
Debt	0	0	0	0	11	10	4	196	3	49
Long Term Debt	0	0	0	0	5	0	0	169	0	0
Short Term Debt	0	0	0	0	6	10	4	27	3	49
Trade Payables	146	194	220	273	324	299	356	379	441	386
Others Liabilities ⓘ	155	92	105	108	136	132	126	306	306	356
Total Liabilities ⓘ	1,124	1,177	1,250	1,346	1,454	1,239	1,267	1,624	2,705	2,444
Fixed Assets
Gross Block	624	334	385	409	512	618	639	639	666	1,197
Accumulated Depreciation	298	51	97	135	177	237	267	274	298	373
Net Fixed Assetsⓘ	326	283	288	274	335	380	372	364	369	825
CWIP ⓘ	8	24	15	28	72	69	75	82	83	63
Investmentsⓘ	293	358	411	506	420	3	1	16	123	157
Inventories	106	108	129	109	134	194	175	193	215	276
Trade Receivables	231	201	270	253	342	255	209	186	166	236
Cash Equivalents ⓘ	36	21	13	33	45	190	280	100	541	314
Others Assetsⓘ	124	182	124	143	106	148	155	682	1,208	573
Total Assets ⓘ	1,124	1,177	1,250	1,346	1,454	1,239	1,267	1,624	2,705	2,444

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	225	230	114	280	145	102	147	-56	-135	-153
PBT ⓘ	111	293	249	295	240	169	-14	-19	113	-273
Adjustment ⓘ	53	-16	-3	-28	40	46	77	69	61	394
Changes in Working Capital ⓘ	105	37	-58	104	-43	-43	105	-91	-263	-160
Tax Paid ⓘ	-44	-85	-74	-92	-92	-70	-22	-15	-46	-114
Cash Flow From Investing Activity ⓘ	-179	-70	36	-97	35	255	-108	-238	-758	232
Capex	-44	4	-16	-2	-73	-61	-40	33	-71	-72
Net Investments	-126	9	11	0	-1	-29	-72	-264	-568	483
Others ⓘ	-9	-83	41	-96	109	345	4	-7	-119	-179
Cash Flow From Financing Activityⓘ	-60	-166	-148	-162	-174	-241	-20	210	889	-32
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	-5	0	169	0	0
Interest Paid ⓘ	-2	-1	-1	-1	-4	-3	-5	-3	-9	-6
Dividend Paid ⓘ	-57	-143	-122	-134	-134	0	0	-5	-5	-21
Others ⓘ	0	-23	-25	-27	-35	-232	-15	49	903	-5
Net Cash Flow ⓘ	-14	-6	2	20	7	116	19	-84	-4	47

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	16.8	23.69	20.28	21.39	16.82	14.4	-2.38	-4.63	6.02	-24.55
ROCE (%)	23.83	34.75	27.85	31.32	25.08	19.46	-0.86	-1.58	9.68	-17.14
Asset Turnover Ratio	1.39	1.57	1.5	1.42	1.44	1.42	1.2	1.18	1.25	1.02
PAT to CFO Conversion(x)	1.64	1.13	0.62	1.39	0.89	0.8	N/A	N/A	-1.93	N/A
Working Capital Days
Receivable Days	56	44	47	52	54	57	56	42	24	28
Inventory Days	27	22	24	24	22	31	45	39	28	34
Payable Days	52	59	71	74	79	86	111	107	76	84

Greaves Cotton Ltd Stock News

Greaves Cotton Ltd FAQs

What is the share price of Greaves Cotton?

Company share prices are keep on changing according to the market conditions. The closing price of Greaves Cotton on 21-Nov-2024 16:59 is ₹169.7.

What is the market cap of Greaves Cotton?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Greaves Cotton stood at ₹4,056.8.

What is the P/E ratio of Greaves Cotton?

The latest P/E ratio of Greaves Cotton as of 21-Nov-2024 16:59 is 20.06.

What is the P/B ratio of Greaves Cotton?

The latest P/B ratio of Greaves Cotton as of 21-Nov-2024 16:59 is 3.02.

What is the 52-week high and low of Greaves Cotton?

The 52-week high of Greaves Cotton is ₹199.3 and the 52-week low is ₹112.5.

What is the TTM revenue of Greaves Cotton?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Greaves Cotton is ₹1,836 ( Cr.) .

About Greaves Cotton Ltd

Greaves Cotton Limited commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of many years impacting a million lives every day. Greaves is a market leader in fuel-agnostic powertrain solutions and manufactures Cleantech powertrains for CNG, Petrol, and Diesel segments.

The company operates in multiple segments namely Automotive, Non-Automotive, Aftermarket, Greaves Retail, Electric Mobility (Ampere Electric for electric scooters and other electric industrial products and e-rickshaw) & Greaves Finance.

Over the years, the company has actively participated in nation-building and continues to support the 'Make-In-India' initiative of the Government through its several state-of-the-art manufacturing facilities in the country creating world-class products and solutions. The company has a vast nationwide network with hundreds of Greaves big retail centres & thousands of smaller spare parts retail outlets across the country.

Business area of the company

The company is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc. The Company has manufacturing facilities in the states of Maharashtra and Tamil Nadu. The products are mainly sold in India with some export to Middle East, Africa & South East Asia Region. The Company has two direct and one indirect subsidiary.

Business segments

Automotive

Engines
Aftermarket

Non-Automotive

Power Solutions
Agri Solutions
Industrial Engines

E-mobility

Electric 2 Wheeler - Ampere
Electric 3 Wheeler - Ele

Retail

Finance

Milestones

1859: James Greaves and George Cotton founded the company.
1937: Greaves Cotton entered into a joint Venture with Crompton Parkinson of England to introduce ceiling fans and range of other electrical products in India.
1939: Joint Venture with Ruston & Hornsby ltd., U.K. and started manufacturing diesel engines in India.
1947: Pioneering industrialist Lala Karamchand Thapar bought Greaves and it became an Indian Company.
1962: Greaves Power Transmission unit set up in Pune in collaboration with David Brown Gear Industries, U.K., and pioneered the manufacturing of Industrial and marine Gear boxes in India.
1986: Greaves Joint Venture wwith Morganite Crucible Ltd., U.K. to manufacture Silicon Carbide Crucibles. Technical collaboration with BOMAG GmbH, Germany, to manufacture Vibratory Compactors.
1996: Launched Transit Mixer and batching plants.
2001: Introduced concreting equipment in technical collaboration with CIFA of Italy.
2005: Eco friendly light diesel engine complying with Bharat stage II (Euro II) emission norms launched.
2007: Greaves second Transit mixer manufacturing facility opened near Chennai. Greaves acquires Bukh-Farymann GmbH Diesel, Germany Greaves sets up light engines unit IV at Aurangabad.
2009: Greaves crosses two million mark in light diesel engines.
2012: Greaves crosses three million mark in light diesel engines.
2017: Greaves Cotton Limited reaches over 5 million customers with made in India engines.
2018: Greaves opens 100th Greaves Care Centre for Conventional/ Alternate Fuel and Electric Vehicles. Greaves Cotton signs up with Piaggio Vehicles to develop a new generation of powertrain applications.
2019: Mahindra partners with greaves cotton to source BS-VI ready powertrain Solutions.
2019. Greaves Cotton launches BS-VI compliant, world’s cleanest single - cylinder Diesel engine.
2020: Ampere launches magnus Pro Electric Scooter.
2020: Greaves Genius, a series of Smart Gensets launched.
2020: Greaves launches OHV petrol pumpset.