Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Greaves Cotton Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 826.94 | 568.59 | 726.69 | 665.38 | 672.53 | 639.70 | 705.31 | 750.60 | 822.83 | 745.43 | 815.46 | 875.47 | 1,000.26 |
| Expenses + | 779.78 | 583.00 | 680.79 | 630.02 | 648.79 | 612.41 | 682.28 | 710.93 | 777.09 | 688.50 | 763.58 | 813.35 | 932.09 |
| Operating Profit | 47.16 | -14.41 | 45.90 | 35.36 | 23.74 | 27.29 | 23.03 | 39.67 | 45.74 | 56.93 | 51.88 | 62.12 | 68.17 |
| OPM % | 5.70% | -2.53% | 6.32% | 5.31% | 3.53% | 4.27% | 3.27% | 5.29% | 5.56% | 7.64% | 6.36% | 7.10% | 6.82% |
| Other Income + | 11.78 | 22.44 | -365.06 | 61.58 | 10.97 | 16.96 | 9.48 | 17.81 | 12.28 | 17.52 | 6.85 | -10.84 | -2.88 |
| Interest | 1.15 | 1.71 | 2.21 | 2.27 | 3.04 | 2.94 | 4.27 | 3.15 | 5.92 | 4.87 | 4.83 | 6.37 | 9.98 |
| Depreciation | 15.20 | 16.73 | 19.15 | 20.33 | 28.18 | 26.05 | 26.43 | 25.73 | 25.27 | 26.56 | 26.95 | 27.60 | 27.68 |
| Profit before tax | 42.59 | -10.41 | -340.52 | 74.34 | 3.49 | 15.26 | 1.81 | 28.60 | 26.83 | 43.02 | 26.95 | 17.31 | 27.63 |
| Tax % | 36.09% | 139.48% | 10.01% | 38.66% | 482.52% | 101.05% | 891.71% | 76.64% | 94.30% | 51.53% | 76.55% | 65.80% | 92.04% |
| Net Profit + | 27.22 | -24.93 | -374.59 | 45.60 | -13.35 | -0.16 | -14.33 | 6.68 | 1.53 | 20.85 | 6.32 | 5.92 | 2.20 |
| EPS in Rs | 1.15 | -0.22 | -8.22 | 2.50 | 0.11 | 0.44 | 0.14 | 0.90 | 1.03 | 1.42 | 1.12 | 1.10 | 0.97 |
Financials of Greaves Cotton Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,698 | 1,616 | 1,634 | 1,792 | 2,015 | 1,911 | 1,500 | 1,710 | 2,699 | 2,633 | 2,918 | 3,437 |
| Expenses + | 1,505 | 1,413 | 1,395 | 1,537 | 1,743 | 1,701 | 1,421 | 1,685 | 2,573 | 2,543 | 2,782 | 3,198 |
| Operating Profit | 192 | 203 | 240 | 255 | 272 | 210 | 80 | 25 | 127 | 91 | 137 | 239 |
| OPM % | 11% | 13% | 15% | 14% | 14% | 11% | 5% | 1% | 5% | 3% | 5% | 7% |
| Other Income + | -31 | 138 | 56 | 93 | 24 | 25 | -26 | 20 | 55 | -270 | 56 | 11 |
| Interest | 2 | 1 | 1 | 1 | 4 | 5 | 7 | 5 | 12 | 9 | 16 | 26 |
| Depreciation | 48 | 46 | 47 | 52 | 52 | 61 | 60 | 59 | 57 | 84 | 103 | 109 |
| Profit before tax | 111 | 294 | 249 | 295 | 240 | 169 | -14 | -19 | 113 | -273 | 72 | 115 |
| Tax % | 25% | 32% | 27% | 32% | 32% | 25% | 36% | 83% | 38% | 34% | 109% | 69% |
| Net Profit + | 84 | 201 | 181 | 202 | 163 | 127 | -19 | -35 | 70 | -367 | -6 | 35 |
| EPS in Rs | 3.42 | 8.23 | 7.40 | 8.28 | 6.74 | 5.59 | -0.81 | -1.52 | 3.37 | -5.83 | 2.51 | 4.60 |
| Dividend Payout % | 73% | 67% | 74% | 66% | 59% | 0% | -25% | -13% | 27% | -34% | 80% | 43% |
Financials of Greaves Cotton Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 49 | 49 | 49 | 49 | 49 | 46 | 46 | 46 | 46 | 46 | 46 | 47 |
| Reserves | 774 | 842 | 876 | 916 | 920 | 753 | 736 | 703 | 1,540 | 1,394 | 1,359 | 1,384 |
| Borrowings + | 0 | 0 | 0 | 0 | 11 | 28 | 20 | 257 | 28 | 81 | 81 | 394 |
| Other Liabilities + | 301 | 286 | 325 | 381 | 474 | 413 | 477 | 629 | 1,103 | 923 | 1,044 | 1,069 |
| Total Liabilities | 1,124 | 1,177 | 1,250 | 1,346 | 1,454 | 1,240 | 1,280 | 1,635 | 2,718 | 2,444 | 2,531 | 2,894 |
| Fixed Assets + | 326 | 283 | 292 | 278 | 339 | 380 | 372 | 364 | 369 | 825 | 846 | 909 |
| CWIP | 8 | 24 | 15 | 28 | 72 | 69 | 75 | 82 | 83 | 63 | 43 | 30 |
| Investments | 293 | 362 | 411 | 506 | 420 | 3 | 1 | 16 | 123 | 157 | 121 | 67 |
| Other Assets + | 497 | 507 | 532 | 535 | 624 | 788 | 832 | 1,174 | 2,143 | 1,400 | 1,521 | 1,888 |
| Total Assets | 1,124 | 1,177 | 1,250 | 1,346 | 1,454 | 1,240 | 1,280 | 1,635 | 2,718 | 2,444 | 2,531 | 2,894 |
Financials of Greaves Cotton Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 225 | 230 | 114 | 280 | 145 | 102 | 147 | -56 | -135 | -153 | -23 | 33 |
| Cash from Investing Activity + | -179 | -70 | 36 | -97 | 38 | 255 | -108 | -238 | -758 | 246 | 50 | -99 |
| Cash from Financing Activity + | -60 | -166 | -148 | -162 | -174 | -241 | -20 | 210 | 889 | -32 | -40 | 123 |
| Net Cash Flow | -14 | -6 | 2 | 20 | 10 | 116 | 19 | -84 | -4 | 61 | -13 | 56 |
| Free Cash Flow | 181 | 251 | 115 | 278 | 72 | 40 | 106 | -24 | -206 | -225 | -98 | 4 |
| CFO/OP | 140% | 155% | 78% | 146% | 87% | 82% | 211% | -164% | -70% | -43% | 49% | 47% |
Financials of Greaves Cotton Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 45 | 60 | 51 | 62 | 49 | 51 | 40 | 22 | 33 | 42 | 37 |
| Inventory Days | 34 | 38 | 45 | 33 | 35 | 54 | 59 | 56 | 40 | 56 | 62 | 50 |
| Days Payable | 46 | 68 | 76 | 82 | 86 | 83 | 120 | 110 | 82 | 78 | 96 | 92 |
| Cash Conversion Cycle | 37 | 15 | 29 | 2 | 12 | 20 | -11 | -14 | -19 | 10 | 8 | -6 |
| Working Capital Days | 33 | 44 | 39 | 22 | 17 | 23 | -5 | -9 | 96 | 4 | 34 | 26 |
| ROCE % | 21% | 28% | 23% | 23% | 24% | 18% | 3% | -1% | 9% | 4% | 5% | 10% |