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Earnings Call

Greaves Cotton Earnings Call: Key Takeaways

Greaves Cotton reported steady FY26 growth, led by core segments, but is overshadowed by ongoing losses in the EV mobility business and a ₹16cr asset impairment in e-powertrain technology.

Highlights
Revenue growth22% YoY consolidated Q4 growth; record annual revenue in core business.
MarginsEBITDA margins at 13.5%; pressure from rising commodity input costs.
Order bookSecured single largest institutional order worth ₹35cr.
Demand visibilityStrong visibility in Genset and 3-wheeler diesel engine segments.
Management confidenceBalanced confidence in core; defensive regarding loss-making EV subsidiary.

Growth

Consolidated revenue grew 22% YoY in Q4; core segments achieved record annual revenue driven by energy and mobility solutions.

Outlook

Guided for 16-18% organic growth with 13-15% EBITDA margins; ₹500-700cr capex planned over 5 years.

Risks

EV mobility segment remains loss-making; rising input costs and geopolitical headwinds impacting international engineering exports.

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
₹234.78
Market cap
₹5,469 Cr
Revenue (annual)
₹3,437 Cr
Net profit (annual)
₹107.1 Cr
P/E (TTM)
54.8×Sector 33.6×
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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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