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Greaves Cotton Ltd

Q2 FY26Industrial Products

Greaves Cotton Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹192
Market cap₹4.6K Cr
P/E45.8
Updated23 Aug 2026
Read5 min read

The short version

Greaves Cotton aims for a 16% to 20% CAGR in top-line organic growth over the next few years, focusing on core businesses. - Vision 2030 revenue target is approximately Rs. Greaves Cotton aims for a 16%-20% CAGR in top-line growth over the next few years, driven by core businesses and strategic M&As (Page 15).

From Greaves Cotton Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Greaves Cotton aims for a 16% to 20% CAGR in top-line organic growth over the next few years, focusing on core businesses.
  • Vision 2030 revenue target is approximately Rs. 15,000 crore to Rs. 16,000 crore, supported by organic growth plus strategic M&A.
  • The company expects steady growth in aftermarket sales at just under 8% to 10% CAGR.
  • The Engineering business, including gensets and engines, is expected to maintain healthy volume and price-driven growth.
  • Efforts are underway to diversify and increase exports, targeting a gradual rise in export contribution.
  • Electric Mobility division is in a high-growth phase, scaling operations with new product launches and technological interventions.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Greaves Cotton Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex in Excel Controlinkage:
  • Investments in manufacturing and testing facilities for electronic components to enhance products, especially in the marine segment.
  • Upgraded rubber component manufacturing capabilities for core products like push-pull cables.
  • Capex of around Rs. 50+ crore spent over the last 12-18 months on automation and improvement projects.
  • These facilities are already operational with volume ramp-ups.
  • Future capex and strategic investments:
  • Strategic M&As planned to expand new horizons aligned with GREAVES.NEXT strategy.
  • Focus on investments in new products, technology, and system upgrades to drive growth.
  • Expanding exports and international business through a dedicated group.
  • Continued investments in innovation, technology, and manufacturing capability enhancement.

2 more points management made on capital expenditure plans

Top-ranked in Industrial Products

Ranked on what management guided this quarter

5x potential
1Susan Electrical
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Greaves Cotton Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not contain specific details or figures regarding the current or expected order book or pending orders for Greaves Cotton Limited. However, some related insights include: - The core business of Excel Controlinkage is strong and growing, with efforts underway to diversify and increase export orders. - The electric mobility segment is focused on growth and profitable scale but specific order book details are not disclosed.

2 more points management made on order book & pipeline

Greaves Cotton Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.0K Cr, net profit ₹2 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Greaves Cotton's management said in earlier quarters

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Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

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Frequently Asked Questions

What were Greaves Cotton Ltd Q2 FY26 results?

Greaves Cotton aims for a 16% to 20% CAGR in top-line organic growth over the next few years, focusing on core businesses. - Vision 2030 revenue target is approximately Rs. Greaves Cotton aims for a 16%-20% CAGR in top-line growth over the next few years, driven by core businesses and strategic M&As (Page 15).

What is Greaves Cotton Ltd share price analysis?

Greaves Cotton Ltd currently shows a neutral. The stock trades at a P/E of 45.8 with a market cap of ₹4,564 Cr. Investors should review the full earnings analysis for detailed insights.

Is Greaves Cotton Ltd planning capital expenditure?

Capex in Excel Controlinkage: - Investments in manufacturing and testing facilities for electronic components to enhance products, especially in the marine segment. - Upgraded rubber component manufacturing capabilities for core products like push-pull cables. - Capex of around Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.