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Greaves Cotton Ltd share Price

Company details

6M Return 4.79%
1Y Return -6.43%
Mkt Cap.(Cr) 3,172.60
Volume 164,078
Div Yield 0.65%
OI Chg %
Volume 164,078

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Technical Outlook
    The share price of Greaves Cotton has generated a breakout above the falling supply line joining highs since January 2022 signalling resumption of up move and offers fresh entry opportunity
    Buying demand has emerged in the stock from the support area of ₹ 130-150 as it is the confluence of the term 100 weeks EMA (currently at ₹ 147) and the rising demand line support, which has been held on multiple occasions in last 15 months highlighting favourable risk reward set up and a positive price structure
    We expect the stock to continue its current pullback and head towards ₹ 190 levels in the coming months being the 80% retracement of the April-May 2022 decline (₹ 210-130)

    Among oscillators, the weekly 14 periods RSI has recently generated a buy signal and is seen sustaining above its nine periods average. It has recently rebounded from the oversold territory testing its previous major lows thus supports positive bias
Fundamental Outlook

    Greaves Cotton (GCL) is a leading diversified engineering company with a presence in automotive, non-automotive, aftermarket, retail, electric mobility solution and finance. New business share increased to ~49% while engine reduced to ~48% in FY17-22. E-mobility is expected to drive future growth (~38% of FY22 revenue)

    GCL reported a decent set of Q4FY22 numbers. Standalone revenue came in at ₹ 378.7 crore (vs. I-direct estimate of ₹ 441.2 crore), which declined 17.1% YoY. Standalone EBITDA of ₹ 29.1 crore (vs. I-direct estimate of ₹ 44.6 crore), down 38.5% YoY, impacted by restructuring, higher commodity prices. On a consolidated basis, EBIDTA came in at ₹ 41 crore (vs. EBITDA of ₹ 42 crore in Q4FY21). Consequently, standalone PAT of ₹ 16.8 crore (vs. I-direct estimate of ₹ 20.6 crore) declined 29.6% YoY. Engine (auto, non-auto) volumes declined 41% to 25469 units’ YoY.
    Consolidated revenue grew 19.3% YoY to ₹ 620.8 crore. The engine segment revenues came in at ₹ 349.1 crore, declining 17.8% YoY. On the other hand, e-mobility segment revenue increased 243.5% to ₹ 237.29 crore. E-Mobility segment turns profitable in Q4FY22; EBIT came at ₹ 7.26 crore vs. loss of ₹ 11.2 crore in the same period last year. For FY22, E-mobility segment revenues crossed the ₹ 500 crore mark
    Recently, the company gets growth capital for its EV business, Abdul Latif Jameel has committed to invest up to US$220 million in Greaves Electric Mobility. Abdul Latif Jameel will initially invest US$150 million for a 35.8% stake on a fully diluted basis in the company. GCL (and Esop holders)  will have 64.2% in GEMPL on a fully diluted basis
    Transformation strategy to increase E-mobility and new-initiatives business share to drive long term growth and help transform and de-risk its business. Consolidation of manufacturing operations into Megasites to bring higher operational efficiencies and reduced fixed costs in the long run. We expect revenue, EBITDA to grow at CAGR of ~13.6%, 76.8%, respectively in FY22-24E

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Auto parts & equipment company Greaves Cotton announced Q1FY24 results:

  • Standalone EBITDA for Q1FY24 stood at Rs 45 crore, a growth of 63% YoY, and an improvement in margins by 4 bps to 11.3%
  • New acquisition Excel's revenue stands at Rs 39 crore with robust margins
  • Ampere Electric Scooter crosses cumulative 2,00,000 secondary sales milestone

Commenting on the company's Q1FY24 performance, Nagesh Basavanhalli, Non-Executive Vice-Chairman of Greaves Cotton, said, "We have taken significant steps in progressing towards becoming a full-stack ecosystem player focused on democratising sustainable mobility. Our growth stems from our dedicated team and strategic investments in clean technology, product innovation, and design. The acquisition with Excel Controlinkage has led to growth and enhanced capabilities, and our recent majority stake acquisition in MLR presents a valuable opportunity to strengthen our position in the 3-wheeler market. This also aligns with our strategy of focusing on sustainable margin improvement."



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Investment recommendation
Call Date
16 May 2023
Entry Price 152.00
Target Price 180.00
3 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Greaves Cotton Ltd Stocks COMPARISION


Equity Capital: 1,586.54 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Greaves Cotton Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Greaves Cotton Ltd is in the Capital Goods – Non-Electrical Equipment sector is having a market capitalization worth Rs. 3,002.22 crores, it is incorporated in the year 1922. It has reported consolidated sales of Rs. 228.97 crores in June 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 501455, and also listed on the National Stock Exchange (NSE) with the code GREAVESCOT.

    Greaves Cotton is involved in the manufacturing and marketing of Cleantech Powertrain solutions (CNG, Petrol, and Diesel Engines), generator sets, farm equipment, aftermarket spares, and services. Greaves has established a network of more than 500 retail outlets and more than 6300 smaller spare part retail outlets. Greaves, along with its subsidiaries, has a total of six manufacturing units in the country. In addition, Greaves ensures quality aftermarket services with the help of 12,000 mechanics spread in various parts of the country. Greaves has a base of 1,101 permanent employees on its payroll. The promoters of the company own 55.63% of the stake, Foreign Institutional Investors (FII) own 4.54% stake in the company, Domestic Institutional Investors (DII) own 11.73% stake in the company, and others (such as public & retail investors) hold the balance of 28.1%.

    In June 2021, quarterly net revenue was Rs. 214.41 crores, which has increased by approximately 45.76 % from Rs. 147.1 crores for the April-June 2020 quarter. The quarterly net loss in June 2021 was Rs. 6.47 crores, which has improved and increased by nearly 73.26% from a net loss of Rs. 24.2 crores in June 2020. In June 2021, the reported operating profit was at Rs. 188.54 crores, which is increased by 55.46% as compared to an operating profit of Rs. 121.28 crores for the quarter ending in June 2020. From a negative EPS of Rs. 1.05 in June 2020, the EPS of Greaves Cotton Ltd has improved and reached a negative EPS of Rs. 0.28 per share in June 2021. GREAVESCOT's stock closed at Rs. 131.30 on 26th August’2021 (NSE). Greaves Cotton Ltd has returned 5.25% negatively in the last six months and returned 46.72% positively in the previous year.

Registered Address

Unit No 701 7th Floor Tower-3, Equinox Business Park Kurla We, Mumbai, Maharashtra, 400070

Tel : 91-22-62211700
Email : investorservices:greavescotton.com
Website : http://www.greavescotton.com

Sharepro Services India P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 501455
Book Closure Date (Month) :
BSE Group : A
ISIN : INE224A01026

FAQ’s on Greaves Cotton Ltd Shares

You can buy Greaves Cotton Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Greaves Cotton Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 04, 2023 09:34 AM the closing price of Greaves Cotton Ltd was ₹ 136.75.

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 Oct 04, 2023 09:34 AM, the market cap of Greaves Cotton Ltd stood at ₹ 3,172.60.

The latest PE ratio of Greaves Cotton Ltd as of Oct 04, 2023 09:34 AM is 50.05

The latest PB ratio of Greaves Cotton Ltd as of Oct 04, 2023 09:34 AM is 0.50

The 52-week high of Greaves Cotton Ltd is ₹ 165.00 while the 52-week low is ₹ 118.15

According to analyst recommendations, Greaves Cotton Ltd has a “Buy” rating for the long term.

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