Greaves Cotton Ltd.

NSE: GREAVESCOT BSE: 501455 SECTOR: Diesel Engines

163.45
-3.75 (-2.24%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 168.75

Today's Low

₹ 161.8

52 Week High

₹ 184.4

52 Week Low

₹ 66

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

3779.08 Cr.

Enterprise Value

3503.27 Cr.

No. of Shares

23.12 Cr.

P/E

364.76

P/B

4.2

Face Value

₹ 2

Div. Yield

0.12%

Book Value (TTM)

₹  38.89

CASH

275.81 Cr.

DEBT

0 Cr.

Promoter Holding

55.63%

EPS (TTM)

₹  0.45

Sales Growth

-27.02%

ROE

1.16 %

ROCE

2.69 %

Profit Growth

-92.98 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Ratios

Sales Growth

1 Year-27.02%
3 Year-9.48%
5 Year-3.82%

Profit Growth

1 Year-92.98%
3 Year-62.88%
5 Year-44.65%

ROE%

1 Year1.16%
3 Year11.53%
5 Year15.22%

ROCE %

1 Year2.69%
3 Year16.72%
5 Year21.85%

Debt/Equity

0

Price to Cash Flow

21.94

Interest Cover Ratio

4.28063943161634

CFO/PAT (5 Yr. Avg.)

1.20211987275133

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 55.63 0
Mar 2021 55.63 0
Dec 2020 55.63 0
Sep 2020 54.82 0
Jun 2020 54.82 0
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • The company has an efficient Cash Conversion Cycle of 13.5714761955399 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.20211987275133.
  • The company has a high promoter holding of 55.63%.

 Limitations

  • The company has shown a poor profit growth of -62.8841724566526% for the Past 3 years.
  • The company has shown a poor revenue growth of -9.48356326354669% for the Past 3 years.
  • The company is trading at a high PE of 364.76.
  • The company is trading at a high EV/EBITDA of 32.7392.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Net Sales 359.58 147.1 288.21 436.75 457
Total Expenditure 329.02 168.76 270.75 382.95 409.67
Operating Profit 30.56 -21.66 17.46 53.8 47.33
Other Income 3.34 2.15 1.77 2.43 3.69
Interest 1.05 2.26 1.9 0.86 0.61
Depreciation 14.42 11.76 12.42 12.2 12.03
Exceptional Items -5.03 0 -31.09 -3.87 0.5
Profit Before Tax 13.4 -33.53 -26.18 39.3 38.88
Tax 3.37 -9.33 -8.15 10.59 15
Profit After Tax 10.03 -24.2 -18.03 28.71 23.88
Adjusted EPS (Rs) 0.43 -1.05 -0.78 1.24 1.03

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 1634.26 1792.1 1987.82 1821.11 1329.06
Total Expenditure 1399.45 1539.57 1721.63 1643.78 1232.13
Operating Profit 234.81 252.53 266.19 177.33 96.93
Other Income 55.33 48.05 50.17 70.64 10.04
Interest 0.81 0.81 3.33 3.84 5.63
Depreciation 46.66 52.35 48.83 52.17 48.41
Exceptional Items 5.98 48.17 -17.87 4.71 -34.46
Profit Before Tax 248.65 295.59 246.33 196.67 18.47
Tax 68.02 92.97 77.03 49.16 8.11
Net Profit 180.63 202.62 169.3 147.51 10.36
Adjusted EPS (Rs.) 7.4 8.3 6.93 6.38 0.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 48.84 48.84 48.84 46.24 46.24
Total Reserves 872.13 911.56 920.32 841.96 854.72
Borrowings 0 0 0 0 0
Other N/C liabilities 19.48 27.53 26.24 28.86 9.74
Current liabilities 305.08 353.69 413.75 365.82 399.66
Total Liabilities 1245.53 1341.62 1409.15 1282.88 1310.36
Assets
Net Block 288.11 273.45 257.59 305.57 267.3
Capital WIP 7.9 4.48 8.59 12.08 23.41
Intangible WIP 6.79 23.14 62.4 56.49 50.39
Investments 276.04 294.85 304.38 176.59 176.59
Loans & Advances 39.31 41.53 49.14 58.14 113.73
Other N/C Assets 0.06 0.41 1.21 0.6 0.29
Current Assets 627.32 703.76 725.84 673.41 678.65
Total Assets 1245.53 1341.62 1409.15 1282.88 1310.36
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 248.63 295.59 246.33 196.67 18.47
Adjustment -2.82 -28.92 36.52 35.86 57.61
Changes in Assets & Liabilities -54.12 104.19 -26.15 -42.42 117.78
Tax Paid -73.64 -91.9 -91.75 -70.34 -21.58
Operating Cash Flow 118.05 278.96 164.95 119.77 172.28
Investing Cash Flow 32.66 -96.73 8.92 233.65 -146.25
Financing Cash Flow -147.96 -162.46 -165.25 -237.5 -9.83
Net Cash Flow 2.75 19.77 8.62 115.92 16.2

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 54.82 54.82 55.63 55.63 55.63
bharat starch products pr... 5.96 5.96 0 0 0
dbh international pvt. lt... 42.72 0 0 0 0
karun carpets pvt. ltd. 6.15 0 0 0 0
d b h international priva... 0 0 0 0 0
karun carpets private lim... 0 6.15 55.63 55.63 55.63
dbh international private... 0 42.72 0 0 0
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 17.71 21.74 25.12 26.4 28.1
iepf 0.69 0.69 0.69 0.69 0.7
qualified institutional b... 0 0.7 0 0 0
mukul agrawal 0 0 0 1.73 0
mukul mahavir agrawal 0 0 0 0 1.73
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 27.47 23.44 19.25 17.97 16.27
general insurance corpora... 2.03 2.03 1.73 1.51 1.32
life insurance corporatio... 2.44 2.44 2.44 2.44 2.44
the new india assurance c... 2.8 2.8 2.8 2.36 1.8
smallcap world fund, inc 7.01 5.6 0 0 0
vantage equity fund 1.15 1.15 1.15 0 0
massachusetts institute o... 2.54 2.28 2.28 2.28 1.35
american funds insurance ... 1.84 0 0 0 0
l and t mutual fund trust... 1.36 0 0 2.76 3
bajaj allianz life insura... 0 0 0.31 0 0
l&t mutual fund trustee l... 0 0 2.56 0 0
qualified institutional b... 0 0 0 0 0.16

Company Presentations

Company News

Greaves Cotton's e-mobility arm cuts prices of scooters19 Jun 2021, 11:49AM Greaves Cotton empowers communities for future with multiple up-skilling, re-skilling initiatives 18 Jun 2021, 2:25PM Greaves Cotton records exponential growth in non-automotive business in Q4FY2124 May 2021, 9:45AM Greaves Cotton informs about newspaper advertisement20 May 2021, 3:06PM Greaves Cotton initiates free COVID-19 vaccination drive for its employees19 May 2021, 2:57PM Greaves Cotton informs about analyst meet18 May 2021, 1:14PM Greaves Cotton expecting its non-automotive engine business to witness continued growth11 May 2021, 3:16PM Greaves Cotton informs about investor presentation5 May 2021, 9:50AM Greaves Cotton informs about issuance of duplicate share certificate4 May 2021, 12:11PM Greaves Cotton informs about board meeting for consideration of dividend29 Apr 2021, 9:57AM Greaves Cotton informs about non-applicability of large corporate entity29 Apr 2021, 9:52AM Greaves Cotton informs about loss of share certificates7 Apr 2021, 4:26PM Greaves Cotton informs about investors virtual meet15 Mar 2021, 3:13PM Greaves Cotton informs about analysts meet4 Mar 2021, 3:45PM Greaves Cotton’s arm to set up manufacturing plant in Tamil Nadu17 Feb 2021, 12:32PM Greaves Cotton informs about analyst meet20 Nov 2020, 10:42AM Greaves Cotton informs about clarification to outcome of the board of directors6 Nov 2020, 10:52AM Greaves Cotton informs about analyst conference meet6 Nov 2020, 10:28AM Greaves Cotton’s arm ties up with eBikeGO15 Oct 2020, 3:30PM Greaves Cotton’s arm, Bounce partner to accelerate shared mobility on electric scooters12 Oct 2020, 1:43PM Greaves Cotton launches OHV Petrol Pumpset with one-year warranty 7 Oct 2020, 12:29PM Greaves Cotton re-opens Greaves Care service centres across India 24 Sep 2020, 12:31PM Greaves Cotton informs about analyst meet23 Sep 2020, 10:31AM Greaves Cotton’s arm partners with CredR9 Sep 2020, 2:12PM Greaves Cotton’s arm partners with OTO Capital1 Aug 2020, 11:29AM Greaves Cotton informs about results of postal ballot 13 Jul 2020, 4:10PM Greaves Cotton’s arm acquires 74% stake in Bestway Agencies7 Jul 2020, 8:52AM Greaves Cotton informs about newspaper publication4 Jul 2020, 2:59PM Greaves Cotton informs about disclosure on RPT4 Jul 2020, 10:52AM Greaves Cotton launches Smart Gensets ‘Greaves Genius’29 Jun 2020, 2:52PM Greaves Cotton informs about earnings call5 Jun 2020, 10:30AM Greaves Cotton’s arm celebrates 12 years of offering sustainable mobility solutions28 May 2020, 12:39PM Greaves Cotton’s arm launches eco-friendly campaign ‘Kal Ko Bachao’29 Apr 2020, 10:38AM Greaves Cotton to resume partial manufacturing operations in Aurangabad027 Apr 2020, 10:52AM

Greaves Cotton Stock Price Analysis and Quick Research Report. Is Greaves Cotton an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Greaves Cotton has a PE ratio of 367.55188573979 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Greaves Cotton has ROA of 0.799000478166309 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Greaves Cotton has a Current ratio of 1.69806835810439 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Greaves Cotton has a ROE of 1.15946570566806 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Greaves Cotton has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Greaves Cotton has an Inventory turnover ratio of 8.1534922241649 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Greaves Cotton has reported revenue growth of -27.0192355211931 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Greaves Cotton for the current financial year is 7.29312446390681 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Greaves Cotton is Rs 0.2 and the yield is 0.1199 %.

Brief about Greaves Cotton

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