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Earnings Call

Greaves Cotton Earnings Call: Key Takeaways

Greaves Cotton transformation (GREAVES.NEXT) from single-product focus to a diversified multi-business entity across Energy, Mobility, and Industrial Solutions.

Highlights
Revenue growthGuided INR 2,600Cr+ for FY26 core business.
MarginsVarying by segment; MHCV and Construction identified as priority/high-margin.
Demand visibilityStrong industrial growth fueling power deficit and backup needs.
Management confidenceHigh; emphasizing 165+ years legacy and multi-year transformation.

Growth

FY26 Core Business guidance: Revenue ₹2,600Cr+, EBITDA ₹380Cr+. H1FY26 revenue mix shows Engines at 51%, Excel 22%, Aftermarket 19%.

Outlook

Targeting 5-7% 3W vehicle parc growth; Energy market reaching ~₹22k Cr by FY30; scaling global OEM partnerships with Ligier.

Risks

Foreign exchange control regulations in India, competition in related industries, and dependence on economic conditions in India/overseas.

Source

Earnings Call filed with BSE, NSE: GREAVESCOT. Summary written with AI assistance from the document.

Read the document ↗

Greaves Cotton Ltd: key numbers

Share price
₹222.78
Market cap
₹5,190 Cr
Revenue (annual)
₹3,437 Cr
Net profit (annual)
₹107.1 Cr
P/E (TTM)
52.0×Sector 32.1×
Promoter holding
55.77%-0.01% QoQ
FII holding
1.35%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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11:33 IST BSE
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23:41 IST BSE
Credit Rating

Greaves Cotton Credit Rating

India Ratings has reaffirmed the 'IND AA-' rating for Greaves Cotton Ltd, with a stable outlook. This credit rating maintains existing financial oversight for investors.

22:44 IST BSE
Credit Rating

Greaves Cotton Credit Rating

India Ratings affirmed Greaves Cotton's long-term issuer rating at 'IND AA-/Stable'. The agency also assigned/affirmed ratings for bank loan facilities aggregating Rs. 203 Crore.

Value
₹203.0 Cr
12:28 IST BSE
Merger & Restructuring

Greaves Cotton Merger & Restructuring

Greaves Cotton Limited has completed the acquisition of the remaining 20% stake in Excel Controlinkage Private Limited. Excel Controlinkage is now a wholly owned subsidiary.

14:30 IST BSE
Merger & Restructuring

Greaves Cotton Merger & Restructuring Worth ₹385 Cr

Greaves Cotton acquired the remaining 20% stake in Excel Controlinkage for a total 100% shareholding. Excel is now a wholly owned subsidiary following this final tranche completion.

Value
₹385.0 Cr