Greaves Cotton Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Greaves Cotton Ltd?

Greaves Cotton Ltd is trading at 193.00 as of 14 September 2026, with a FY2026-2027 high of 272 and low of 120. The stock is currently in the middle of its 52-week range. Market cap stands at 4,487 Cr..

Q: Is Greaves Cotton Ltd financially healthy?

Key indicators: ROCE of 10.1 % is moderate. Dividend yield is 1.04 %.

Q: Is Greaves Cotton Ltd profitable and how is the profit trend?

Greaves Cotton Ltd reported a net profit of 35 Cr in Mar 2026 on revenue of 3,437 Cr. Compared to 70 Cr in Mar 2023, the net profit shows a declining trend.

Fair Value

₹180.90Fairly Valued by 6.27%vs CMP ₹193.00

P/E (45.0) × ROE (8.1%) × BV (₹61.40) × DY (1.04%)

₹117.86Overvalued by 38.93%vs CMP ₹193.00

MoS: -63.8% (Negative)Confidence: 56/100 (Moderate)Models: 1 Fair, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹189.94	31%	Fair (-1.6%)
Graham Number	Earnings	₹77.07	19%	Over (-60.1%)
Net Asset Value	Assets	₹61.55	10%	Over (-68.1%)
EV/EBITDA	Enterprise	₹162.68	13%	Over (-15.7%)
Earnings Yield	Earnings	₹43.00	10%	Over (-77.7%)
ROCE Capital	Returns	₹21.78	10%	Over (-88.7%)
Revenue Multiple	Revenue	₹147.84	8%	Over (-23.4%)
Consensus (7 models)		₹117.86	100%	Overvalued

Key Drivers: Wide model spread (₹22–₹190) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.0%

*Investments are subject to market risks

Analyst Summary

Greaves Cotton Ltd operates in the Engines segment, NSE: GREAVESCOT | BSE: 501455, current market price is ₹193.00, market cap is 4,487 Cr.. At a glance, stock P/E is 45.0, ROE is 8.10 %, ROCE is 10.1 %, book value is 61.4, dividend yield is 1.04 %. The latest intrinsic value estimate is ₹117.86, around 38.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹3,437 Cr versus the prior period change of 17.8%, while latest net profit is about ₹35 Cr with a prior-period change of 683.3%. The 52-week range shown on this page is 272/120, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGreaves 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 L9…

This summary is generated from the stock page data available for Greaves Cotton Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Greaves Cotton Ltd scores 55/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health58/100 · Moderate

ROCE 10.1% AverageROE 8.1% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent

Smart Money30/100 · Weak

FII holding down -1.29% (6mo) SellingPromoter holding at 55.8% Stable

Earnings Quality50/100 · Moderate

OPM stable around 6% Steady

Quarterly Momentum90/100 · Strong

Revenue (4Q): +17% YoY GrowingProfit (4Q): +99% YoY StrongOPM: 6.4% (up 3.1% YoY) Margin expansion

Industry Rank30/100 · Weak

P/E 45.0 vs industry 44.7 In-lineROCE 10.1% vs industry 31.2% Below peersROE 8.1% vs industry 25.3% Below peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 6:42 am

Market Cap	4,487 Cr.
Current Price	193
Intrinsic Value	₹117.86
High / Low	272/120
Stock P/E	45.0
Book Value	61.4
Dividend Yield	1.04 %
ROCE	10.1 %
ROE	8.10 %
Face Value	2.00
PEG Ratio	9.01

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Greaves Cotton Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Greaves Cotton Ltd	4,487 Cr.	193	272/120	45.0	61.4	1.04 %	10.1 %	8.10 %	2.00
Swaraj Engines Ltd	4,345 Cr.	3,576	4,545/3,300	21.3	402	3.08 %	58.4 %	43.6 %	10.0
Kirloskar Oil Engines Ltd	30,098 Cr.	2,068	2,720/856	52.8	249	0.34 %	14.6 %	17.5 %	2.00
Cummins India Ltd	1,40,540 Cr.	5,070	6,143/3,803	59.7	285	1.30 %	41.6 %	31.8 %	2.00
Industry Average	44,867.50 Cr	2,726.75		44.70	249.35	1.44%	31.18%	25.25%	4.00

All Competitor Stocks of Greaves Cotton Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	698.81	513.51	826.94	568.59	726.69	665.38	672.53	639.70	705.31	750.60	822.83	745.43	815.46
Expenses	657.18	511.95	779.78	583.00	680.79	630.02	648.79	612.41	682.28	710.93	777.09	688.50	763.58
Operating Profit	41.63	1.56	47.16	-14.41	45.90	35.36	23.74	27.29	23.03	39.67	45.74	56.93	51.88
OPM %	5.96%	0.30%	5.70%	-2.53%	6.32%	5.31%	3.53%	4.27%	3.27%	5.29%	5.56%	7.64%	6.36%
Other Income	14.81	17.14	11.78	22.44	-365.06	61.58	10.97	16.96	9.48	17.81	12.28	17.52	6.85
Interest	2.10	2.37	1.15	1.71	2.21	2.27	3.04	2.94	4.27	3.15	5.92	4.87	4.83
Depreciation	14.01	13.14	15.20	16.73	19.15	20.33	28.18	26.05	26.43	25.73	25.27	26.56	26.95
Profit before tax	40.33	3.19	42.59	-10.41	-340.52	74.34	3.49	15.26	1.81	28.60	26.83	43.02	26.95
Tax %	19.91%	279.00%	36.09%	139.48%	10.01%	38.66%	482.52%	101.05%	891.71%	76.64%	94.30%	51.53%	76.55%
Net Profit	32.30	-5.71	27.22	-24.93	-374.59	45.60	-13.35	-0.16	-14.33	6.68	1.53	20.85	6.32
EPS in Rs	1.25	0.28	1.15	-0.22	-8.22	2.50	0.11	0.44	0.14	0.90	1.03	1.42	1.12

Last Updated: January 1, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 25, 2026, 2:30 am

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,698	1,616	1,634	1,792	2,015	1,911	1,500	1,710	2,699	2,633	2,918	3,437	3,665
Expenses	1,505	1,413	1,395	1,537	1,743	1,701	1,421	1,685	2,573	2,543	2,782	3,197	3,427
Operating Profit	192	203	240	255	272	210	80	25	127	91	137	239	238
OPM %	11%	13%	15%	14%	14%	11%	5%	1.5%	4.7%	3.4%	4.7%	7%	7%
Other Income	-31	138	56	93	24	25	-26	20	55	-270	56	10	4
Interest	2	1	1	1	4	5	7	5	12	9	16	26	33
Depreciation	48	46	47	52	52	61	60	59	57	84	103	109	110
Profit before tax	111	294	249	295	240	169	-14	-19	113	-273	72	115	99
Tax %	25%	32%	27%	32%	32%	25%	36%	83%	38%	34%	109%	69%
Net Profit	84	201	181	202	163	127	-19	-35	70	-367	-6	35	21
EPS in Rs	3.42	8.23	7.40	8.28	6.74	5.59	-0.81	-1.52	3.37	-5.83	2.51	4.60	4.30
Dividend Payout %	73%	67%	74%	66%	59%	0%	-25%	-13%	27%	-34%	80%	43%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025	2025-2026
YoY Net Profit Growth (%)	139.29%	-9.95%	11.60%	-19.31%	-22.09%	-114.96%	-84.21%	300.00%	-624.29%	98.37%	683.33%
Change in YoY Net Profit Growth (%)	0.00%	-149.24%	21.55%	-30.91%	-2.78%	-92.87%	30.75%	384.21%	-924.29%	722.65%	584.97%

Greaves Cotton Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2015-2016 to 2025-2026.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	9%
3 Years:	20%
TTM:	12%

Compounded Profit Growth
10 Years:	-7%
5 Years:	-14%
3 Years:	54%
TTM:	314%

Stock Price CAGR
10 Years:	6%
5 Years:	23%
3 Years:	9%
1 Year:	34%

Return on Equity
10 Years:	9%
5 Years:	3%
3 Years:	4%
Last Year:	4%

Last Updated: September 5, 2025, 5:20 am

Balance Sheet

Last Updated: September 4, 2026, 6:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	49	49	49	49	49	46	46	46	46	46	46	47
Reserves	774	842	876	916	920	753	736	703	1,540	1,394	1,359	1,384
Borrowings	0	0	0	0	11	28	20	257	28	81	81	394
Other Liabilities	301	286	325	381	474	413	477	629	1,103	923	1,044	1,041
Total Liabilities	1,124	1,177	1,250	1,346	1,454	1,240	1,280	1,635	2,718	2,444	2,531	2,866
Fixed Assets	326	283	292	278	339	380	372	364	369	825	846	875
CWIP	8	24	15	28	72	69	75	82	83	63	43	64
Investments	293	362	411	506	420	3	1	16	123	157	121	67
Other Assets	497	507	532	535	624	788	832	1,174	2,143	1,400	1,521	1,861
Total Assets	1,124	1,177	1,250	1,346	1,454	1,240	1,280	1,635	2,718	2,444	2,531	2,866

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	225	230	114	280	145	102	147	-56	-135	-153	-23	33
Cash from Investing Activity +	-179	-70	36	-97	38	255	-108	-238	-758	246	126	-99
Cash from Financing Activity +	-60	-166	-148	-162	-174	-241	-20	210	889	-32	-116	123
Net Cash Flow	-14	-6	2	20	10	116	19	-84	-4	61	-13	56
Free Cash Flow	181	251	115	278	72	40	106	-24	-206	-225	-98	-61
CFO/OP	140%	155%	78%	146%	87%	82%	211%	-164%	-70%	-43%	49%	47%

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	192.00	203.00	240.00	255.00	261.00	182.00	60.00	-232.00	99.00	10.00	56.00	-155.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	68	50	45	60	51	62	49	51	40	22	33	42
Inventory Days	50	34	38	45	33	35	54	59	56	40	56	62
Days Payable	57	46	68	76	82	86	83	120	110	82	78	96
Cash Conversion Cycle	61	37	15	29	2	12	20	-11	-14	-19	10	8
Working Capital Days	53	33	44	39	22	17	23	-5	-9	96	4	34
ROCE %	21%	21%	28%	23%	23%	24%	18%	3%	-1%	9%	4%	5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	56.00%	56.00%	56.00%	55.88%	55.88%	55.88%	55.88%	55.81%	55.80%	55.80%	55.78%	55.77%
FIIs	4.57%	3.18%	2.81%	1.15%	1.04%	2.41%	2.86%	2.45%	2.64%	2.25%	1.85%	1.35%
DIIs	3.42%	3.44%	3.75%	3.76%	3.81%	3.50%	3.31%	3.52%	3.80%	4.08%	3.67%	4.17%
Public	35.99%	37.36%	37.43%	39.18%	39.23%	38.20%	37.93%	38.21%	37.75%	37.86%	38.68%	38.67%
No. of Shareholders	2,18,731	2,11,694	2,05,042	2,12,801	2,02,891	2,64,745	3,01,509	3,01,474	3,02,226	3,31,612	3,69,141	3,47,238

Shareholding Pattern Chart

No. of Shareholders

Greaves Cotton Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Sundaram Business Cycle Fund	1,366,825	1.33	22.31	1,285,450	2026-02-23 01:59:01	6.33%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	2.51	-5.83	3.37	-1.53	-0.81
Diluted EPS (Rs.)	2.50	-5.83	3.35	-1.53	-0.81
Cash EPS (Rs.)	4.18	-12.15	5.75	1.12	1.80
Book Value[Excl.RevalReserv]/Share (Rs.)	60.45	62.08	84.94	32.37	33.85
Book Value[Incl.RevalReserv]/Share (Rs.)	60.45	62.08	84.94	32.37	33.85
Revenue From Operations / Share (Rs.)	125.52	113.50	116.53	73.85	64.90
PBDIT / Share (Rs.)	8.19	6.73	8.66	2.14	3.81
PBIT / Share (Rs.)	3.74	3.10	6.21	-0.39	1.19
PBT / Share (Rs.)	3.12	-11.73	5.17	-0.72	-0.59
Net Profit / Share (Rs.)	-0.27	-15.79	3.31	-1.42	-0.81
NP After MI And SOA / Share (Rs.)	2.51	-5.83	3.37	-1.52	-0.81
PBDIT Margin (%)	6.52	5.93	7.42	2.89	5.86
PBIT Margin (%)	2.97	2.72	5.32	-0.53	1.83
PBT Margin (%)	2.48	-10.33	4.43	-0.98	-0.91
Net Profit Margin (%)	-0.21	-13.91	2.83	-1.91	-1.25
NP After MI And SOA Margin (%)	2.00	-5.13	2.89	-2.06	-1.25
Return on Networth / Equity (%)	4.15	-9.39	4.91	-4.71	-2.39
Return on Capital Employeed (%)	5.14	4.04	7.15	-0.94	3.33
Return On Assets (%)	2.28	-5.48	2.86	-2.14	-1.45
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.22	0.00
Total Debt / Equity (X)	0.03	0.03	0.00	0.31	0.00
Asset Turnover Ratio (%)	1.16	1.01	1.24	0.88	1.03
Current Ratio (X)	1.69	1.72	2.30	1.53	1.56
Quick Ratio (X)	1.30	1.32	1.99	1.24	1.18
Inventory Turnover Ratio (X)	9.54	10.72	9.24	4.72	4.68
Dividend Payout Ratio (NP) (%)	79.62	-15.43	5.93	-13.08	0.00
Dividend Payout Ratio (CP) (%)	28.72	-41.03	3.43	19.71	0.00
Earning Retention Ratio (%)	20.38	115.43	94.07	113.08	0.00
Cash Earning Retention Ratio (%)	71.28	141.03	96.57	80.29	0.00
Interest Coverage Ratio (X)	11.69	16.93	17.15	9.28	12.70
Interest Coverage Ratio (Post Tax) (X)	0.49	-2.42	8.62	-4.71	3.26
Enterprise Value (Cr.)	5023.00	2902.76	2768.38	4209.99	2677.97
EV / Net Operating Revenue (X)	1.72	1.10	1.03	2.46	1.78
EV / EBITDA (X)	26.38	18.58	13.81	84.96	30.42
MarketCap / Net Operating Revenue (X)	1.71	1.11	1.08	2.58	1.97
Retention Ratios (%)	20.37	115.43	94.06	113.08	0.00
Price / BV (X)	3.55	2.04	1.84	5.90	3.78
Price / Net Operating Revenue (X)	1.71	1.11	1.08	2.58	1.97
EarningsYield	0.01	-0.04	0.02	-0.01	-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Greaves Cotton Ltd and is it undervalued?

As of 14 September 2026, Greaves Cotton Ltd's intrinsic value is ₹117.86, which is 38.93% lower than the current market price of ₹193.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.10 %), book value (₹61.4), dividend yield (1.04 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Greaves Cotton Ltd?

Greaves Cotton Ltd is trading at ₹193.00 as of 14 September 2026, with a FY2026-2027 high of ₹272 and low of ₹120. The stock is currently in the middle of its 52-week range. Market cap stands at ₹4,487 Cr..

How does Greaves Cotton Ltd's P/E ratio compare to its industry?

Greaves Cotton Ltd has a P/E ratio of 45.0, which is above the industry average of 44.70. The premium over industry average may reflect growth expectations or speculative interest.

Is Greaves Cotton Ltd financially healthy?

Key indicators for Greaves Cotton Ltd: ROCE of 10.1 % is moderate. Dividend yield is 1.04 %.

Is Greaves Cotton Ltd profitable and how is the profit trend?

Greaves Cotton Ltd reported a net profit of ₹35 Cr in Mar 2026 on revenue of ₹3,437 Cr. Compared to ₹70 Cr in Mar 2023, the net profit shows a declining trend.

Does Greaves Cotton Ltd pay dividends?

Greaves Cotton Ltd has a dividend yield of 1.04 % at the current price of ₹193.00. The company pays dividends, though the yield is modest.