About
Greaves Cotton Limited operates engineering and mobility retail business in India, the Middle East, Africa, Southeast Asia, and internationally. It operates through Engines, Electric Mobility & Other Vehicles, Cables & Control Levers, and Others segments. The company engages in the provision of engines for farm equipment, gensets, and spares; manufacture and trade of electric vehicles and its spare parts; and manufacture of cables and control levers for commercial vehicles, industrial machines, construction equipment, and boats and vehicles. It also provides the greaves care and aftermarket spares services; offers retail vehicle financing; manufactures mechanical and electronic motion control systems; manufactures and supplies e-rickshaw and e-3wheeler under the ELE brand; designs, develops, manufactures, markets, and sells L5 three-wheelers; and designs and manufactures 2-wheelers under the Ampere brand. In addition, the company offers engineering services to the OEMs for development and maintenance of engines, plant and machinery, and equipment; fuel-agnostic powertrain solutions; lending and related solutions to purchasers of electric 2-wheeler and 3-wheeler vehicles; and lease financing options. Further, it offers engineering services, which includes auto application, such as diesel engine, and gasoline and alternate fuel; and non-automotive applications comprising power, agriculture, and industrial solutions. Greaves Cotton Limited was founded in 1859 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap4,550 Cr
P/E45.70
Div Yield1.02 %
Book Value₹61.40
52w High₹272.00
52w Low₹120.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 974.12 | 1,000.26 | 875.47 | 815.46 | 745.43 | 822.83 | 750.60 | 705.31 | 639.70 | 672.53 | 665.38 | 726.69 | 568.59 |
| Expenses | 917.79 | 932.09 | 813.35 | 763.58 | 688.50 | 777.09 | 710.93 | 682.28 | 612.41 | 648.79 | 630.02 | 680.79 | 583.00 |
| Operating Profit | 56.33 | 68.17 | 62.12 | 51.88 | 56.93 | 45.74 | 39.67 | 23.03 | 27.29 | 23.74 | 35.36 | 45.90 | -14.41 |
| OPM % | 5.78 | 6.82 | 7.10 | 6.36 | 7.64 | 5.56 | 5.29 | 3.27 | 4.27 | 3.53 | 5.31 | 6.32 | -2.53 |
| Other Income | 10.94 | -2.88 | -10.84 | 6.85 | 17.52 | 12.28 | 17.81 | 9.48 | 16.96 | 10.97 | 61.58 | -365.06 | 22.44 |
| Depreciation | 28.21 | 27.68 | 27.60 | 26.95 | 26.56 | 25.27 | 25.73 | 26.43 | 26.05 | 28.18 | 20.33 | 19.15 | 16.73 |
| Interest | 12.01 | 9.98 | 6.37 | 4.83 | 4.87 | 5.92 | 3.15 | 4.27 | 2.94 | 3.04 | 2.27 | 2.21 | 1.71 |
| Profit before tax | 27.05 | 27.63 | 17.31 | 26.95 | 43.02 | 26.83 | 28.60 | 1.81 | 15.26 | 3.49 | 74.34 | -340.52 | -10.41 |
| Tax % | 77.23 | 92.04 | 65.80 | 76.55 | 51.53 | 94.30 | 76.64 | 891.71 | 101.05 | 482.52 | 38.66 | 10.01 | 139.48 |
| Net Profit | 6.16 | 2.20 | 5.92 | 6.32 | 20.85 | 1.53 | 6.68 | -14.33 | -0.16 | -13.35 | 45.60 | -374.59 | -24.93 |
| EPS in Rs | 1.11 | 0.97 | 1.10 | 1.12 | 1.42 | 1.03 | 0.90 | 0.14 | 0.44 | 0.11 | 2.50 | -8.22 | -0.22 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,437.00 | 2,918.00 | 2,633.00 | 2,699.00 | 1,710.00 | 1,500.00 | 1,911.00 | 2,015.00 | 1,792.00 | 1,634.00 | 1,616.00 | 1,698.00 |
| Expenses | 3,197.00 | 2,782.00 | 2,543.00 | 2,573.00 | 1,685.00 | 1,421.00 | 1,701.00 | 1,743.00 | 1,537.00 | 1,395.00 | 1,413.00 | 1,505.00 |
| Operating Profit | 239.00 | 137.00 | 91.00 | 127.00 | 25.00 | 80.00 | 210.00 | 272.00 | 255.00 | 240.00 | 203.00 | 192.00 |
| OPM % | 7.00 | 4.70 | 3.40 | 4.70 | 1.50 | 5.00 | 11.00 | 14.00 | 14.00 | 15.00 | 13.00 | 11.00 |
| Other Income | 10.00 | 56.00 | -270.00 | 55.00 | 20.00 | -26.00 | 25.00 | 24.00 | 93.00 | 56.00 | 138.00 | -31.00 |
| Interest | 26.00 | 16.00 | 9.00 | 12.00 | 5.00 | 7.00 | 5.00 | 4.00 | 1.00 | 1.00 | 1.00 | 2.00 |
| Depreciation | 109.00 | 103.00 | 84.00 | 57.00 | 59.00 | 60.00 | 61.00 | 52.00 | 52.00 | 47.00 | 46.00 | 48.00 |
| Profit before tax | 115.00 | 72.00 | -273.00 | 113.00 | -19.00 | -14.00 | 169.00 | 240.00 | 295.00 | 249.00 | 294.00 | 111.00 |
| Tax % | 69.00 | 109.00 | 34.00 | 38.00 | 83.00 | 36.00 | 25.00 | 32.00 | 32.00 | 27.00 | 32.00 | 25.00 |
| Net Profit | 35.00 | -6.00 | -367.00 | 70.00 | -35.00 | -19.00 | 127.00 | 163.00 | 202.00 | 181.00 | 201.00 | 84.00 |
| EPS in Rs | 4.60 | 2.51 | -5.83 | 3.37 | -1.52 | -0.81 | 5.59 | 6.74 | 8.28 | 7.40 | 8.23 | 3.42 |
| Dividend Payout % | 43.00 | 80.00 | -34.00 | 27.00 | -13.00 | -25.00 | 0.00 | 59.00 | 66.00 | 74.00 | 67.00 | 73.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 47.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 49.00 | 49.00 | 49.00 | 49.00 | 49.00 |
| Reserves | 1,384.00 | 1,359.00 | 1,394.00 | 1,540.00 | 703.00 | 736.00 | 753.00 | 920.00 | 916.00 | 876.00 | 842.00 | 774.00 |
| Borrowings | 394.00 | 81.00 | 81.00 | 28.00 | 257.00 | 20.00 | 28.00 | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 1,041.00 | 1,044.00 | 923.00 | 1,103.00 | 629.00 | 477.00 | 413.00 | 474.00 | 381.00 | 325.00 | 286.00 | 301.00 |
| Total Liabilities | 2,866.00 | 2,531.00 | 2,444.00 | 2,718.00 | 1,635.00 | 1,280.00 | 1,240.00 | 1,454.00 | 1,346.00 | 1,250.00 | 1,177.00 | 1,124.00 |
| Fixed Assets | 875.00 | 846.00 | 825.00 | 369.00 | 364.00 | 372.00 | 380.00 | 339.00 | 278.00 | 292.00 | 283.00 | 326.00 |
| CWIP | 64.00 | 43.00 | 63.00 | 83.00 | 82.00 | 75.00 | 69.00 | 72.00 | 28.00 | 15.00 | 24.00 | 8.00 |
| Investments | 67.00 | 121.00 | 157.00 | 123.00 | 16.00 | 1.00 | 3.00 | 420.00 | 506.00 | 411.00 | 362.00 | 293.00 |
| Other Assets | 1,861.00 | 1,521.00 | 1,400.00 | 2,143.00 | 1,174.00 | 832.00 | 788.00 | 624.00 | 535.00 | 532.00 | 507.00 | 497.00 |
| Total Assets | 2,866.00 | 2,531.00 | 2,444.00 | 2,718.00 | 1,635.00 | 1,280.00 | 1,240.00 | 1,454.00 | 1,346.00 | 1,250.00 | 1,177.00 | 1,124.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 33.00 | -23.00 | -153.00 | -135.00 | -56.00 | 147.00 | 102.00 | 145.00 | 280.00 | 114.00 | 230.00 | 225.00 |
| Cash from Investing Activity | -99.00 | 126.00 | 246.00 | -758.00 | -238.00 | -108.00 | 255.00 | 38.00 | -97.00 | 36.00 | -70.00 | -179.00 |
| Cash from Financing Activity | 123.00 | -116.00 | -32.00 | 889.00 | 210.00 | -20.00 | -241.00 | -174.00 | -162.00 | -148.00 | -166.00 | -60.00 |
| Net Cash Flow | 56.00 | -13.00 | 61.00 | -4.00 | -84.00 | 19.00 | 116.00 | 10.00 | 20.00 | 2.00 | -6.00 | -14.00 |
| Free Cash Flow | -61.00 | -98.00 | -225.00 | -206.00 | -24.00 | 106.00 | 40.00 | 72.00 | 278.00 | 115.00 | 251.00 | 181.00 |
| CFO/OP % | 47.00 | 49.00 | -43.00 | -70.00 | -164.00 | 211.00 | 82.00 | 87.00 | 146.00 | 78.00 | 155.00 | 140.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37.00 | 42.00 | 33.00 | 22.00 | 40.00 | 51.00 | 49.00 | 62.00 | 51.00 | 60.00 | 45.00 | 50.00 |
| Inventory Days | 50.00 | 62.00 | 56.00 | 40.00 | 56.00 | 59.00 | 54.00 | 35.00 | 33.00 | 45.00 | 38.00 | 34.00 |
| Days Payable | 92.00 | 96.00 | 78.00 | 82.00 | 110.00 | 120.00 | 83.00 | 86.00 | 82.00 | 76.00 | 68.00 | 46.00 |
| Cash Conversion Cycle | -6.00 | 8.00 | 10.00 | -19.00 | -14.00 | -11.00 | 20.00 | 12.00 | 2.00 | 29.00 | 15.00 | 37.00 |
| Working Capital Days | 19.00 | 10.00 | 4.00 | 96.00 | -9.00 | -5.00 | 23.00 | 17.00 | 22.00 | 39.00 | 44.00 | 33.00 |
| ROCE % | 10.00 | 5.00 | 4.00 | 9.00 | -1.00 | 3.00 | 18.00 | 24.00 | 23.00 | 23.00 | 28.00 | 21.00 |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 28 Jul 2026 | 28 Jul 2026 | — | 2.00 | |
| Dividend | 23 Jul 2025 | 23 Jul 2025 | — | 2.00 | |
| Dividend | 01 Aug 2024 | — | — | 2.00 | |
| Dividend | 03 Aug 2023 | — | — | 0.90 | |
| Dividend | 03 Aug 2022 | — | — | 0.20 | |
| Dividend | 03 Aug 2021 | — | — | 0.20 | |
| Other | 05 Aug 2020 | — | — | — | Annual General Meeting |
| Other | 31 Jul 2019 | — | — | — | Annual General Meeting |
| Other | 11 Jul 2019 | 12 Jul 2019 | — | — | Buy Back of Shares |
| Other | 11 Jul 2019 | 12 Jul 2019 | — | — | Buyback |
| Dividend | 13 Feb 2019 | 14 Feb 2019 | — | 4.00 | |
| Dividend | 03 Aug 2018 | — | — | 1.50 | |
| Dividend | 14 Feb 2018 | 15 Feb 2018 | — | 4.00 | |
| Dividend | 26 Jul 2017 | — | — | 1.50 | |
| Dividend | 22 Feb 2017 | 24 Feb 2017 | — | 4.00 | |
| Dividend | 16 Sep 2016 | — | — | 1.00 | |
| Dividend | 11 Feb 2016 | 12 Feb 2016 | — | 4.50 | |
| Dividend | 30 Jul 2015 | — | — | 1.10 | |
| Dividend | 04 Sep 2014 | 05 Sep 2014 | — | 1.40 | |
| Dividend | 18 Jul 2014 | — | — | 0.60 | |
| Dividend | 17 Feb 2014 | 18 Feb 2014 | — | 0.40 | |
| Dividend | 24 Sep 2013 | 25 Sep 2013 | — | 0.30 | |
| Dividend | 19 Jul 2013 | — | — | 0.50 | |
| Other | 19 Jul 2013 | — | — | — | Annual General Meeting/ Final Dividend Rs 0.50 Per Equity Share |
| Dividend | 11 Feb 2013 | 12 Feb 2013 | — | 0.40 | |
| Dividend | 15 Nov 2012 | 17 Nov 2012 | — | 0.40 | |
| Dividend | 17 Sep 2012 | 18 Sep 2012 | — | 0.30 | |
| Dividend | 19 Jul 2012 | — | — | 0.20 | |
| Dividend | 12 Apr 2012 | 13 Apr 2012 | — | 0.80 | |
| Dividend | 03 Feb 2012 | 06 Feb 2012 | — | 0.40 | |
| Dividend | 03 Nov 2011 | 04 Nov 2011 | — | 0.40 | |
| Dividend | 07 Sep 2011 | 08 Sep 2011 | — | 0.40 | |
| Dividend | 22 Jul 2011 | — | — | 0.70 | |
| Dividend | 04 Feb 2011 | 07 Feb 2011 | — | 0.40 | |
| Split | 24 Nov 2010 | 25 Nov 2010 | 10:2 | — | |
| Dividend | 24 Nov 2010 | 25 Nov 2010 | — | 2.00 | |
| Dividend | 08 Oct 2010 | — | — | 7.50 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=7.5 |
| Dividend | 08 Oct 2010 | — | — | 3.00 | NSE/BSE dividend mismatch: BSE/NSE=3.0; BSE/NSE=7.5 |
| Dividend | 06 May 2010 | 07 May 2010 | — | 2.00 | |
| Other | 06 May 2010 | 07 May 2010 | — | — | 3rd Int Div-Rs.2/- Pr Shr |
| Dividend | 09 Feb 2010 | 10 Feb 2010 | — | 1.50 | |
| Other | 09 Feb 2010 | 10 Feb 2010 | — | — | 2nd Int Div-Rs.1.50 Pr Sh |
| Dividend | 20 Nov 2009 | 23 Nov 2009 | — | 1.00 | |
| Dividend | 14 Oct 2009 | — | — | 1.00 | |
| Other | 14 Oct 2009 | — | — | — | Final Div-Re.1/- Pr Share |
| Dividend | 18 Jun 2009 | 20 Jun 2009 | — | 1.50 | |
| Other | 18 Jun 2009 | 20 Jun 2009 | — | — | 2nd Int Div-Re.1.50 Pr Sh |
| Dividend | 17 Nov 2008 | 18 Nov 2008 | — | 1.50 | NSE/BSE dividend mismatch: NSE=0.3; BSE=1.5 |
| Dividend | 17 Nov 2008 | 18 Nov 2008 | — | 0.30 | NSE/BSE dividend mismatch: NSE=0.3; BSE=1.5 |
| Other | 15 Oct 2008 | — | — | — | Annual General Meeting Bc End Date Revised |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update6 Jun 2025 from fitch
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Rating update11 Mar 2024 from fitch
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Rating update5 Dec 2023 from fitch
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Rating update6 Jun 2023 from fitch
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Rating update27 Dec 2022 from fitch
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Rating update28 Dec 2021 from fitch
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