Greaves Cotton Limited (GREAVESCOT) AI Stock Analysis

• Market Cap: ₹51.49B
• Dividend Yield: 0.98%
• Average Volume (3M): 111.18K
• Price to Earnings (P/E): 63.4
• Beta (1Y): 1.85
• Revenue Growth: 16.82%
• EPS Growth: 39.89%
• Country: IN
• Employees: 1,712
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 1.12
• Shares Outstanding: 232,844,590
• 10 Day Avg. Volume: 69,488
• 30 Day Avg. Volume: 111,177
• PEG Ratio: -0.60
• Price to Book (P/B): 3.54
• Price to Sales (P/S): 1.71
• P/FCF Ratio: -76.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹211.00 ▲(3.56% Upside)

Greaves Cotton Limited's stock score is primarily influenced by its mixed financial performance, with strong revenue growth and balance sheet health offset by cash flow challenges. Technical indicators suggest bearish momentum, and the stock's high valuation limits its attractiveness. The absence of earnings call data and corporate events further limits the score.

Greaves Cotton Limited Business Overview & Revenue Model

Company Description

Greaves Cotton Limited manufactures and sells engines and engine application products in India. The company offers lightweight diesel/gasoline engines for automotive engine applications, such as 3-wheelers and small 4-wheeled commercial vehicles; non-automotive small engines for agriculture, construction, marine, genset, and other industries; and industrial and firefighting engines. It also provides generator sets; petrol kerosene, diesel, electric, OHV pumpsets; light agri equipment; reaper and rotavator; and drip and sprinklers irrigation systems. In addition, the company manufactures spares, such as engine and electrical parts, lubricants, amsoil, batteries, construction products, tires, and 2 wheeler spares; provides vehicle finance services; and trades in power tillers, spares related to engines, electric vehicles and infrastructure equipment, etc. It also exports its products to the Middle East, Africa, and the South East Asia region. The company operates a network of approximately 400 retail centres and 6300 smaller spare parts retail outlets. Greaves Cotton Limited was founded in 1859 and is based in Mumbai, India.

How the Company Makes Money

Greaves Cotton generates revenue through multiple key streams, primarily from the sale of engines, automotive components, and electric vehicles. The company's revenue model is largely based on manufacturing and distribution, where it sells its products to both original equipment manufacturers (OEMs) and end-users. Additionally, Greaves Cotton has established strategic partnerships with various automotive and industrial companies, enhancing its reach and capabilities. The company also benefits from after-sales services and maintenance contracts, which contribute to a recurring revenue stream. Furthermore, Greaves Cotton's investments in research and development allow it to innovate and introduce new products, tapping into emerging markets and trends, thereby diversifying its income sources.

Greaves Cotton Limited Financial Statement Overview

Summary

Greaves Cotton Limited shows promising revenue growth and improving profitability with a strong balance sheet. However, cash flow challenges persist, indicating a need for better operational cash management.

Income Statement

Greaves Cotton Limited has shown solid revenue growth over the years, with a significant increase in total revenue from 2024 to 2025. The gross profit margin improved to 31.90% in 2025 from 29.73% in 2024, indicating better cost management. However, the company has had fluctuating net income, with a positive net profit margin of 2.00% in 2025 following a negative performance in 2024. The EBIT and EBITDA margins have also shown improvement, with EBIT margin increasing to 20.75% in 2025. The company needs to focus on maintaining profitability to stabilize its income statement performance further.

Balance Sheet

The balance sheet of Greaves Cotton Limited remains strong with a high equity ratio of 55.06% in 2025, indicating a robust equity base relative to its total assets. The debt-to-equity ratio is low at 0.06, showing conservative leverage usage. Return on equity (ROE) has improved to 4.15% in 2025, demonstrating better utilization of shareholder funds compared to previous years. The company has maintained healthy cash reserves, which provides financial flexibility. Overall, the company has a stable capital structure with minimal financial risk.

Cash Flow

Greaves Cotton Limited's cash flow statements indicate some challenges, with negative operating cash flow in recent years. The free cash flow improved but remained negative in 2025. The operating cash flow to net income ratio and free cash flow to net income ratio suggest that cash generation from operations is still an area of concern. Despite this, the company has managed to maintain a reasonable investing and financing strategy. Improving operational cash flow efficiency remains a key focus area.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	30.24B	29.18B	26.33B	26.99B	17.10B	14.93B
Gross Profit	9.84B	9.31B	8.16B	7.29B	1.61B	4.08B
EBITDA	2.22B	1.36B	-1.79B	1.88B	472.40M	535.70M
Net Income	811.70M	584.00M	-1.35B	780.30M	-353.00M	-187.80M
Balance Sheet
Total Assets	0.00	25.52B	24.64B	27.24B	16.44B	12.90B
Cash, Cash Equivalents and Short-Term Investments	5.46B	2.55B	4.78B	11.36B	4.55B	2.81B
Total Debt	0.00	812.40M	807.50M	282.60M	2.57B	202.50M
Total Liabilities	-15.85B	9.66B	7.90B	7.57B	8.95B	5.08B
Stockholders Equity	15.85B	14.06B	14.40B	15.87B	7.49B	7.83B
Cash Flow
Free Cash Flow	0.00	-647.70M	-3.12B	-2.14B	-1.29B	978.40M
Operating Cash Flow	0.00	-225.20M	-1.53B	-1.35B	-627.80M	1.47B
Investing Cash Flow	0.00	497.10M	2.32B	-7.58B	-2.32B	-1.08B
Financing Cash Flow	0.00	-399.80M	-320.10M	8.89B	2.10B	-199.90M

Greaves Cotton Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 203.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREAVESCOT, the sentiment is Negative. The current price of 203.75 is below the 20-day moving average (MA) of 211.97, below the 50-day MA of 214.55, and below the 200-day MA of 216.14, indicating a bearish trend. The MACD of 0.43 indicates Positive momentum. The RSI at 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 21.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GREAVESCOT.

Greaves Cotton Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KSB	68 Neutral	₹134.54B	52.39	―	0.53%	10.55%	17.96%
INGERRAND	66 Neutral	₹120.04B	45.36	―	2.13%	9.63%	14.81%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KIRLOSENG	61 Neutral	₹140.12B	29.67	―	0.67%	8.02%	-0.95%
LLOYDSENGG	60 Neutral	₹88.42B	71.84	―	0.42%	43.43%	19.88%
KIRLOSBROS	59 Neutral	₹147.78B	37.70	―	0.41%	4.16%	-0.73%
GREAVESCOT	58 Neutral	₹51.49B	63.37	―	0.98%	16.82%	39.89%

Greaves Cotton Limited Corporate Events

Greaves Cotton Limited Announces Q2 & H1 FY26 Earnings Call

Greaves Cotton Limited has announced a scheduled quarterly earnings call on November 6, 2025, to discuss its financial performance for the quarter and half-year ending September 30, 2025. The call will feature a management discussion on the results and an interactive Q&A session, indicating the company’s commitment to transparency and stakeholder engagement.