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Last Updated on: 13 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 501455 | NSE: GREAVESCOT

Greaves Cotton Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 12, 2025, 1:38 pm

Market Cap 5,100 Cr.
Current Price 220
High / Low 320/112
Stock P/E
Book Value 58.4
Dividend Yield0.91 %
ROCE3.72 %
ROE1.62 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Greaves Cotton Ltd

Competitors of Greaves Cotton Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Swaraj Engines Ltd 3,694 Cr. 3,047 3,470/2,12623.7 2813.12 %51.6 %38.6 % 10.0
Kirloskar Oil Engines Ltd 9,253 Cr. 637 1,450/54419.6 2010.95 %15.0 %17.7 % 2.00
Greaves Cotton Ltd 5,100 Cr. 220 320/112 58.40.91 %3.72 %1.62 % 2.00
Cummins India Ltd 77,225 Cr. 2,787 4,172/2,63639.7 2341.36 %35.2 %28.1 % 2.00
Industry Average23,818.00 Cr1,672.7527.67193.601.59%26.38%21.51%4.00

All Competitor Stocks of Greaves Cotton Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 486.40620.82660.19698.81513.51826.94568.59726.69665.38672.53639.70705.31750.60
Expenses 473.88581.55624.00657.18511.95779.78583.00680.79630.02648.79612.41682.28710.93
Operating Profit 12.5239.2736.1941.631.5647.16-14.4145.9035.3623.7427.2923.0339.67
OPM % 2.57%6.33%5.48%5.96%0.30%5.70%-2.53%6.32%5.31%3.53%4.27%3.27%5.29%
Other Income 2.093.4010.9114.8117.1411.7822.44-365.0661.5810.9716.969.4817.81
Interest 1.202.176.072.102.371.151.712.212.273.042.944.273.15
Depreciation 14.0814.9714.3314.0113.1415.2016.7319.1520.3328.1826.0526.4325.73
Profit before tax -0.6725.5326.7040.333.1942.59-10.41-340.5274.343.4915.261.8128.60
Tax % 831.34%34.55%40.30%19.91%279.00%36.09%139.48%10.01%38.66%482.52%101.05%891.71%76.64%
Net Profit -6.2416.7115.9432.30-5.7127.22-24.93-374.5945.60-13.35-0.16-14.336.68
EPS in Rs -0.270.720.691.250.281.15-0.22-8.222.500.110.440.140.90

Last Updated: February 28, 2025, 7:42 pm

Below is a detailed analysis of the quarterly data for Greaves Cotton Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹750.60 Cr.. The value appears strong and on an upward trend. It has increased from 705.31 Cr. (Sep 2024) to ₹750.60 Cr., marking an increase of ₹45.29 Cr..
  • For Expenses, as of Dec 2024, the value is ₹710.93 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 682.28 Cr. (Sep 2024) to ₹710.93 Cr., marking an increase of ₹28.65 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹39.67 Cr.. The value appears strong and on an upward trend. It has increased from 23.03 Cr. (Sep 2024) to ₹39.67 Cr., marking an increase of ₹16.64 Cr..
  • For OPM %, as of Dec 2024, the value is 5.29%. The value appears strong and on an upward trend. It has increased from 3.27% (Sep 2024) to 5.29%, marking an increase of 2.02%.
  • For Other Income, as of Dec 2024, the value is ₹17.81 Cr.. The value appears strong and on an upward trend. It has increased from 9.48 Cr. (Sep 2024) to ₹17.81 Cr., marking an increase of ₹8.33 Cr..
  • For Interest, as of Dec 2024, the value is ₹3.15 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.27 Cr. (Sep 2024) to ₹3.15 Cr., marking a decrease of 1.12 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹25.73 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 26.43 Cr. (Sep 2024) to ₹25.73 Cr., marking a decrease of 0.70 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹28.60 Cr.. The value appears strong and on an upward trend. It has increased from 1.81 Cr. (Sep 2024) to ₹28.60 Cr., marking an increase of ₹26.79 Cr..
  • For Tax %, as of Dec 2024, the value is 76.64%. The value appears to be improving (decreasing) as expected. It has decreased from 891.71% (Sep 2024) to 76.64%, marking a decrease of 815.07%.
  • For Net Profit, as of Dec 2024, the value is ₹6.68 Cr.. The value appears strong and on an upward trend. It has increased from -14.33 Cr. (Sep 2024) to ₹6.68 Cr., marking an increase of ₹21.01 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 0.90. The value appears strong and on an upward trend. It has increased from ₹0.14 (Sep 2024) to 0.90, marking an increase of ₹0.76.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:09 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 1,9061,7361,6981,6161,6341,7922,0151,9111,5001,7102,6992,6332,768
Expenses 1,6661,5931,5051,4131,3951,5371,7431,7011,4211,6852,5732,5432,654
Operating Profit 241143192203240255272210802512791114
OPM % 13%8%11%13%15%14%14%11%5%1%5%3%4%
Other Income 1282-3113856932425-262055-27055
Interest 252111457512913
Depreciation 414548464752526160595784106
Profit before tax 211175111294249295240169-14-19113-27349
Tax % 30%30%25%32%27%32%32%25%36%83%38%34%
Net Profit 14812384201181202163127-19-3570-367-21
EPS in Rs 6.065.053.428.237.408.286.745.59-0.81-1.523.37-5.831.59
Dividend Payout % 26%26%73%67%74%66%59%0%-25%-13%27%-34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-16.89%-31.71%139.29%-9.95%11.60%-19.31%-22.09%-114.96%-84.21%300.00%-624.29%
Change in YoY Net Profit Growth (%)0.00%-14.82%170.99%-149.24%21.55%-30.91%-2.78%-92.87%30.75%384.21%-924.29%

Greaves Cotton Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:5%
3 Years:21%
TTM:-1%
Compounded Profit Growth
10 Years:-14%
5 Years:-31%
3 Years:-11%
TTM:-251%
Stock Price CAGR
10 Years:5%
5 Years:15%
3 Years:10%
1 Year:74%
Return on Equity
10 Years:10%
5 Years:4%
3 Years:2%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: January 13, 2025, 3:39 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 49494949494949464646464646
Reserves 6847717748428769169207537367031,5401,3941,312
Borrowings 1600000112820257288184
Other Liabilities 4423833012863253814744134776291,1039231,013
Total Liabilities 1,1911,2031,1241,1771,2501,3461,4541,2401,2801,6352,7182,4442,455
Fixed Assets 373370326283292278339380372364369825865
CWIP 85824152872697582836327
Investments 921812933624115064203116123157235
Other Assets 7186474975075325356247888321,1742,1431,4001,327
Total Assets 1,1911,2031,1241,1771,2501,3461,4541,2401,2801,6352,7182,4442,455

Below is a detailed analysis of the balance sheet data for Greaves Cotton Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹46.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹46.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹1,312.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,394.00 Cr. (Mar 2024) to ₹1,312.00 Cr., marking a decrease of 82.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹84.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹81.00 Cr. (Mar 2024) to ₹84.00 Cr., marking an increase of 3.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹1,013.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹923.00 Cr. (Mar 2024) to ₹1,013.00 Cr., marking an increase of 90.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹2,455.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹2,444.00 Cr. (Mar 2024) to ₹2,455.00 Cr., marking an increase of 11.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹865.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹825.00 Cr. (Mar 2024) to ₹865.00 Cr., marking an increase of 40.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹27.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹63.00 Cr. (Mar 2024) to ₹27.00 Cr., marking a decrease of 36.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹235.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹157.00 Cr. (Mar 2024) to ₹235.00 Cr., marking an increase of 78.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹1,327.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,400.00 Cr. (Mar 2024) to ₹1,327.00 Cr., marking a decrease of 73.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹2,455.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,444.00 Cr. (Mar 2024) to ₹2,455.00 Cr., marking an increase of 11.00 Cr..

Notably, the Reserves (₹1,312.00 Cr.) exceed the Borrowings (84.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +108155225230114280145102147-56-135-153
Cash from Investing Activity +-59-108-179-7036-9738255-108-238-758246
Cash from Financing Activity +-78-55-60-166-148-162-174-241-20210889-32
Net Cash Flow-29-8-14-62201011619-84-461

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow225.00143.00192.00203.00240.00255.00261.00182.0060.00-232.0099.0010.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days706850456051624951402233
Inventory Days505034384533355459564056
Days Payable65574668768286831201108278
Cash Conversion Cycle556137152921220-11-14-1910
Working Capital Days5053334439221826-379712
ROCE %30%21%21%28%23%23%24%18%3%-1%9%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters55.62%55.55%55.54%55.54%55.54%55.74%55.87%56.00%56.00%56.00%55.88%55.88%
FIIs3.84%3.13%3.47%3.90%4.15%4.54%4.94%4.57%3.18%2.81%1.15%1.04%
DIIs9.19%9.52%8.58%7.68%5.10%4.22%3.63%3.42%3.44%3.75%3.76%3.81%
Public31.35%31.79%32.41%32.86%35.20%35.50%35.56%35.99%37.36%37.43%39.18%39.23%
No. of Shareholders1,92,7562,12,9332,21,5632,12,8322,17,7072,21,3272,18,6412,18,7312,11,6942,05,0422,12,8012,02,891

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
L&T Focused Equity Fund1,605,9002.5724.28184,6652025-03-10769.63%
Sundaram Infrastructure Advantage Fund550,0000.919.67184,6652025-03-10197.84%
Motilal Oswal Nifty Microcap 250 Index Fund184,6650.243.25184,6652025-03-100%
Taurus Flexi Cap Fund69,0930.311.22184,6652025-03-10-62.58%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -5.833.37-1.53-0.815.40
Diluted EPS (Rs.) -5.833.35-1.53-0.815.40
Cash EPS (Rs.) -12.155.751.121.808.14
Book Value[Excl.RevalReserv]/Share (Rs.) 72.1684.9432.3733.8534.55
Book Value[Incl.RevalReserv]/Share (Rs.) 72.1684.9432.3733.8534.55
Revenue From Operations / Share (Rs.) 113.50116.5373.8564.9082.65
PBDIT / Share (Rs.) 6.738.662.143.819.96
PBIT / Share (Rs.) 3.106.21-0.391.197.32
PBT / Share (Rs.) -11.735.17-0.72-0.597.31
Net Profit / Share (Rs.) -15.793.31-1.42-0.815.50
NP After MI And SOA / Share (Rs.) -5.833.37-1.52-0.815.59
PBDIT Margin (%) 5.937.422.895.8612.05
PBIT Margin (%) 2.725.32-0.531.838.86
PBT Margin (%) -10.334.43-0.98-0.918.84
Net Profit Margin (%) -13.912.83-1.91-1.256.66
NP After MI And SOA Margin (%) -5.132.89-2.06-1.256.75
Return on Networth / Equity (%) -9.394.91-4.71-2.3916.17
Return on Capital Employeed (%) 4.047.15-0.943.3319.96
Return On Assets (%) -5.482.86-2.14-1.4510.34
Long Term Debt / Equity (X) 0.000.000.220.000.00
Total Debt / Equity (X) 0.030.000.310.000.01
Asset Turnover Ratio (%) 1.011.240.881.031.33
Current Ratio (X) 1.722.301.531.561.78
Quick Ratio (X) 1.321.991.241.181.30
Inventory Turnover Ratio (X) 6.879.244.724.687.33
Dividend Payout Ratio (NP) (%) -15.435.93-13.080.000.00
Dividend Payout Ratio (CP) (%) -41.033.4319.710.000.00
Earning Retention Ratio (%) 115.4394.07113.080.000.00
Cash Earning Retention Ratio (%) 141.0396.5780.290.000.00
Interest Coverage Ratio (X) 16.9317.159.2812.7045.42
Interest Coverage Ratio (Post Tax) (X) -2.428.62-4.713.2625.17
Enterprise Value (Cr.) 2902.762768.384209.992677.971430.19
EV / Net Operating Revenue (X) 1.101.032.461.780.74
EV / EBITDA (X) 18.5813.8184.9630.426.21
MarketCap / Net Operating Revenue (X) 1.111.082.581.970.84
Retention Ratios (%) 115.4394.06113.080.000.00
Price / BV (X) 2.041.845.903.782.02
Price / Net Operating Revenue (X) 1.111.082.581.970.84
EarningsYield -0.040.02-0.01-0.010.08

After reviewing the key financial ratios for Greaves Cotton Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is -5.83. This value is below the healthy minimum of 5. It has decreased from 3.37 (Mar 23) to -5.83, marking a decrease of 9.20.
  • For Diluted EPS (Rs.), as of Mar 24, the value is -5.83. This value is below the healthy minimum of 5. It has decreased from 3.35 (Mar 23) to -5.83, marking a decrease of 9.18.
  • For Cash EPS (Rs.), as of Mar 24, the value is -12.15. This value is below the healthy minimum of 3. It has decreased from 5.75 (Mar 23) to -12.15, marking a decrease of 17.90.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 72.16. It has decreased from 84.94 (Mar 23) to 72.16, marking a decrease of 12.78.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 72.16. It has decreased from 84.94 (Mar 23) to 72.16, marking a decrease of 12.78.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 113.50. It has decreased from 116.53 (Mar 23) to 113.50, marking a decrease of 3.03.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 6.73. This value is within the healthy range. It has decreased from 8.66 (Mar 23) to 6.73, marking a decrease of 1.93.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 3.10. This value is within the healthy range. It has decreased from 6.21 (Mar 23) to 3.10, marking a decrease of 3.11.
  • For PBT / Share (Rs.), as of Mar 24, the value is -11.73. This value is below the healthy minimum of 0. It has decreased from 5.17 (Mar 23) to -11.73, marking a decrease of 16.90.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is -15.79. This value is below the healthy minimum of 2. It has decreased from 3.31 (Mar 23) to -15.79, marking a decrease of 19.10.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is -5.83. This value is below the healthy minimum of 2. It has decreased from 3.37 (Mar 23) to -5.83, marking a decrease of 9.20.
  • For PBDIT Margin (%), as of Mar 24, the value is 5.93. This value is below the healthy minimum of 10. It has decreased from 7.42 (Mar 23) to 5.93, marking a decrease of 1.49.
  • For PBIT Margin (%), as of Mar 24, the value is 2.72. This value is below the healthy minimum of 10. It has decreased from 5.32 (Mar 23) to 2.72, marking a decrease of 2.60.
  • For PBT Margin (%), as of Mar 24, the value is -10.33. This value is below the healthy minimum of 10. It has decreased from 4.43 (Mar 23) to -10.33, marking a decrease of 14.76.
  • For Net Profit Margin (%), as of Mar 24, the value is -13.91. This value is below the healthy minimum of 5. It has decreased from 2.83 (Mar 23) to -13.91, marking a decrease of 16.74.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is -5.13. This value is below the healthy minimum of 8. It has decreased from 2.89 (Mar 23) to -5.13, marking a decrease of 8.02.
  • For Return on Networth / Equity (%), as of Mar 24, the value is -9.39. This value is below the healthy minimum of 15. It has decreased from 4.91 (Mar 23) to -9.39, marking a decrease of 14.30.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 4.04. This value is below the healthy minimum of 10. It has decreased from 7.15 (Mar 23) to 4.04, marking a decrease of 3.11.
  • For Return On Assets (%), as of Mar 24, the value is -5.48. This value is below the healthy minimum of 5. It has decreased from 2.86 (Mar 23) to -5.48, marking a decrease of 8.34.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.03. This value is within the healthy range. It has increased from 0.00 (Mar 23) to 0.03, marking an increase of 0.03.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 1.01. It has decreased from 1.24 (Mar 23) to 1.01, marking a decrease of 0.23.
  • For Current Ratio (X), as of Mar 24, the value is 1.72. This value is within the healthy range. It has decreased from 2.30 (Mar 23) to 1.72, marking a decrease of 0.58.
  • For Quick Ratio (X), as of Mar 24, the value is 1.32. This value is within the healthy range. It has decreased from 1.99 (Mar 23) to 1.32, marking a decrease of 0.67.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.87. This value is within the healthy range. It has decreased from 9.24 (Mar 23) to 6.87, marking a decrease of 2.37.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is -15.43. This value is below the healthy minimum of 20. It has decreased from 5.93 (Mar 23) to -15.43, marking a decrease of 21.36.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is -41.03. This value is below the healthy minimum of 20. It has decreased from 3.43 (Mar 23) to -41.03, marking a decrease of 44.46.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 115.43. This value exceeds the healthy maximum of 70. It has increased from 94.07 (Mar 23) to 115.43, marking an increase of 21.36.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 141.03. This value exceeds the healthy maximum of 70. It has increased from 96.57 (Mar 23) to 141.03, marking an increase of 44.46.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 16.93. This value is within the healthy range. It has decreased from 17.15 (Mar 23) to 16.93, marking a decrease of 0.22.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is -2.42. This value is below the healthy minimum of 3. It has decreased from 8.62 (Mar 23) to -2.42, marking a decrease of 11.04.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 2,902.76. It has increased from 2,768.38 (Mar 23) to 2,902.76, marking an increase of 134.38.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.10. This value is within the healthy range. It has increased from 1.03 (Mar 23) to 1.10, marking an increase of 0.07.
  • For EV / EBITDA (X), as of Mar 24, the value is 18.58. This value exceeds the healthy maximum of 15. It has increased from 13.81 (Mar 23) to 18.58, marking an increase of 4.77.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.11. This value is within the healthy range. It has increased from 1.08 (Mar 23) to 1.11, marking an increase of 0.03.
  • For Retention Ratios (%), as of Mar 24, the value is 115.43. This value exceeds the healthy maximum of 70. It has increased from 94.06 (Mar 23) to 115.43, marking an increase of 21.37.
  • For Price / BV (X), as of Mar 24, the value is 2.04. This value is within the healthy range. It has increased from 1.84 (Mar 23) to 2.04, marking an increase of 0.20.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.11. This value is within the healthy range. It has increased from 1.08 (Mar 23) to 1.11, marking an increase of 0.03.
  • For EarningsYield, as of Mar 24, the value is -0.04. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 23) to -0.04, marking a decrease of 0.06.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Greaves Cotton Ltd as of March 13, 2025 is: ₹11.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 13, 2025, Greaves Cotton Ltd is Overvalued by 94.79% compared to the current share price 220.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Greaves Cotton Ltd as of March 13, 2025 is: 14.64

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 13, 2025, Greaves Cotton Ltd is Overvalued by 93.35% compared to the current share price 220.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 27.73%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.92%, which is a positive sign.
  2. The company has higher reserves (940.08 cr) compared to borrowings (40.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.31 cr) and profit (123.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 33.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 16.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Greaves Cotton Ltd:
    1. Net Profit Margin: -13.91%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 4.04% (Industry Average ROCE: 26.38%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -9.39% (Industry Average ROE: 21.51%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -2.42
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.32
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 27.67)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Greaves Cotton Ltd. is a Public Limited Listed company incorporated on 29/03/1922 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1922PLC000987 and registration number is 000987. Currently Company is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company's Total Operating Revenue is Rs. 1778.59 Cr. and Equity Capital is Rs. 46.40 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
EnginesJ-2, MIDC Industrial Area, Chikalthana, Aurangabad Maharashtra 431210investorservices@greavescotton.com
http://www.greavescotton.com
Management
NamePosition Held
Mr. Karan ThaparChairman
Mr. Nagesh BasavanhalliNon Executive Vice Chairman
Dr. Arup BasuManaging Director
Mr. Mangalath UnnikrishnanIndependent Director
Mr. Raja VenkataramanIndependent Director
Ms. Sree PatelIndependent Director
Mr. Ravi KirpalaniIndependent Director
Mr. Firdose VandrevalaIndependent Director

FAQ

What is the latest intrinsic value of Greaves Cotton Ltd?

The latest intrinsic value of Greaves Cotton Ltd as on 13 March 2025 is ₹11.46, which is 94.79% lower than the current market price of ₹220.00, indicating the stock is overvalued by 94.79%. The intrinsic value of Greaves Cotton Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹5,100 Cr. and recorded a high/low of ₹320/112 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,312 Cr and total liabilities of ₹2,455 Cr.

What is the Market Cap of Greaves Cotton Ltd?

The Market Cap of Greaves Cotton Ltd is 5,100 Cr..

What is the current Stock Price of Greaves Cotton Ltd as on 13 March 2025?

The current stock price of Greaves Cotton Ltd as on 13 March 2025 is ₹220.

What is the High / Low of Greaves Cotton Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Greaves Cotton Ltd stocks is ₹320/112.

What is the Stock P/E of Greaves Cotton Ltd?

The Stock P/E of Greaves Cotton Ltd is .

What is the Book Value of Greaves Cotton Ltd?

The Book Value of Greaves Cotton Ltd is 58.4.

What is the Dividend Yield of Greaves Cotton Ltd?

The Dividend Yield of Greaves Cotton Ltd is 0.91 %.

What is the ROCE of Greaves Cotton Ltd?

The ROCE of Greaves Cotton Ltd is 3.72 %.

What is the ROE of Greaves Cotton Ltd?

The ROE of Greaves Cotton Ltd is 1.62 %.

What is the Face Value of Greaves Cotton Ltd?

The Face Value of Greaves Cotton Ltd is 2.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Greaves Cotton Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE