GREAVESCOTCapital Goods

Greaves Cotton Limited

Compressors, Pumps & Diesel Engines · ISIN INE224A01026 · BSE 501455 · NSE EQ · FV ₹2
Last price
₹206
+3.89%today
What this company does

Greaves Cotton Limited operates in Compressors, Pumps & Diesel Engines, part of the Capital Goods sector. It booked ₹1,176 cr of revenue in its latest quarter (Q2 FY27) and kept 0.4% of sales as profit. It is the 2nd largest of 9 Compressors, Pumps & Diesel Engines companies we track, by market value.

22out of 100
Equitytale Health Score
Fragile

Healthier than 22% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 81–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Balance sheet15

How much it owes, and whether earnings cover the interest

Cash quality15

Whether reported profit actually arrives as cash

Growth & consistency35

Whether sales and profit have grown, and how steadily

Valuation7

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Sales up 44% vs last year
✓ Promoters hold 56%
✓ No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin 0.4% net margin
! Profit down 81% vs last year
! Low 1.4% return on equity
! Operating cash flow is negative

What if I invest in GREAVESCOT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹206▲ +3.89%
latest close · 2026-11-04
1-year return
+52.8%
52-wk low ₹12952-wk high ₹259
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio257.3High
LowAverageHigh
P/B ratio22.47High
Below bookModerateHigh
EV / EBITDA150.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.4%Weak
WeakFairStrong ▸15%
Return on capital-0.3%Loss
WeakFairStrong
Net margin0.4%Thin
ThinDecentStrong
EBITDA margin4.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.33Comfortable
LowModerateHigh ▸1
Interest cover-0.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.48Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹30,685 cr
Book value
₹9
EPS
₹0.20
latest quarter
Net debt
₹427 cr
owes more than its cash
Enterprise value
₹31,112 cr
EBITDA
₹207 cr
annualised
EBIT
₹-6 cr
annualised
Operating margin
-0.1%
Return on assets
0.6%
Earnings yield
0.39%
P/S
6.52
Sales / share
₹31.6
Tax rate
—
Face value
₹2
Shares
149.1 cr
Working capital
₹569 cr
Current assets
₹1,759 cr
Current liabilities
₹1,190 cr
Delivery %
38.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹9–₹14, midpoint ₹11

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹1,176 cr
Other Income₹11 cr
Total Income₹1,187 cr
Cost of Materials₹833 cr
Purchases of Stock-in-Trade₹41 cr
Inventory Change (±)₹-21 cr
Employee Benefit Expense₹105 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹53 cr
Other Expenses₹145 cr
Total Expenses₹1,170 cr
Exceptional Items₹-33 cr
Profit before Tax₹-16 cr
Tax Expense₹14 cr
Net Profit₹-30 cr
Net margin on total income-2.5%
Where the money goes · Q2 FY27
% of total spend
Materials + stock-in-trade₹853 cr72.0%
Employee benefit expense₹105 cr8.9%
Finance costs₹14 cr1.2%
Depreciation & amortisation₹53 cr4.5%
Other expenses₹145 cr12.2%
Tax expense₹14 cr1.2%
Total income ₹1,187 cr

The company made a net loss of ₹30 cr this quarter — income covered only ₹100 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,000 cr974 cr1,176 cr
Total income1,013 cr985 cr1,187 cr
Expenses970 cr958 cr1,170 cr
Profit before tax28 cr27 cr-16 cr
Tax25 cr21 cr14 cr
Net profit (owners' share)23 cr26 cr5 cr
Net margin (owners' share, on revenue)2.3%2.6%0.4%
EPS (₹)0.971.110.20
YoY (latest quarter): total income +43.7% · net profit -81.5%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹3,195 cr
Shareholder equity
₹1,366 cr
parent shareholders
Total debt
₹513 cr
Cash
₹86 cr
Cash flow · H1 FY27
Operating
₹-212 cr
Investing
₹-84 cr
Financing
₹191 cr
Peer comparison
Compressors, Pumps & Diesel Engines · by market value
CompanyPriceMarket capP/E
Cummins India Limited₹4,650₹1.29 L cr52.9
Greaves Cotton Limitedthis company₹198₹29,536 cr247.7
Kirloskar Oil Engines Limited₹1,718₹24,978 cr54.9
Elgi Equipments Limited₹532₹16,872 cr40.6
Kirloskar Brothers Limited₹1,743₹13,860 cr47.0
Ingersoll Rand (India) Limited₹4,130₹13,040 cr46.3
Ksb Limited₹666₹11,592 cr50.6
Kirloskar Pneumatic Company Limited₹550₹7,146 cr44.6
Shakti Pumps (India) Limited₹357₹4,405 cr28.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.97%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 28 Jul 2026
ActionDetailEx-date
Dividend₹2 / share28 Jul 2026
Dividend₹2 / share23 Jul 2025
Dividend₹2 / share1 Aug 2024
Dividend₹0.9 / share3 Aug 2023
Dividend₹0.2 / share3 Aug 2022
Dividend₹0.2 / share3 Aug 2021
Who owns it · 2026-09-30
No pledge
Promoter
55.8%
FII / Foreign
1.9%
DII / Domestic
4.7%
Retail / others
37.7%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldNAGESH BASAVANHALLI · Director1.50 L · ₹1.9 cr10 Jun 24
SoldNAGESH BASAVANHALLI · Director80,000 · ₹1.0 cr29 May 24
SoldSHEFALI BAIRARIA SURI · -500 · ₹74,1751 Sep 23
Bulk / block deals
short— · NSE330 Oct 26
short— · NSE57829 Oct 26
short— · NSE128 Sep 26
Stake changes
BoughtSMALLCAP World Fund, Inc→ 5.49% · 23.89 L16 Aug 18
SoldIDFC Multi Cap Fund (earlier Known as IDFC Premeir Equity Fund), as scheme of IDFC Mutual Fund→ 2.98% · 5.00 L29 Jun 18
SoldReliance Capital Trustee co Ltd A/c through Various schemes of Reliance Mutual Fund · promoter→ 2.91% · 4.72 L3 Jan 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 11 Oct 2025
See the official result
1
Appointment of Mr. Jehangir Ardeshir (DIN: 02344835) as an Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
56.32 L votes for, 29,613 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 9 named members
owning 55.8% between them · as of 2026-09-30
DBH INVESTMENT CAPITAL INDIA PRIVATE LIMITED55.77%
DBH Global Holdings Limitedno shares
DBH Holdings(India) Private Ltdno shares
EICL Limitedno shares
Kaolin India Private Limitedno shares
Premium Care Private Limitedno shares
Premium Motion Private Limitedno shares
Premium Transmission Limitedno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹28 cr to companies in the promoter group last year — about 0.8% of its ₹3,437 cr revenue and received ₹1 L back from them.
DBH Investment Capital India Private Limited
Other payments to them · Dividend paid
also owns 55.77% of the company
₹26 cr
company paid
Pygmalion Foundation
Other payments to them · Contribution toward CSR
₹2 cr
company paid
PREMIUM TRANSMISSION LIMITED
Sold goods to them · Sale of goods and services
₹1 L
company received

The company also transacted with 1 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.