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Employees: 4,431
Size Greaves Cotton (GREAVESCOT.NS) is an India Industrials company (Trucks/Construction/Farm Machinery) with a market value of $503M, the 835th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹204.32 on 6 Nov 2026.
Performance Over six months the shares gained 21.6%, against -23.7% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 28.4% over the last twelve months (peer median -1.2%); the operating margin is 3.1% (peer median 4.8%).
Valuation It trades at 56.8× forward earnings against a peer median of 16.7× (most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 42% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.1 points below its cost of capital (14.3% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹40.3B | ₹34.1B | ₹29.1B | ₹26.3B | ₹27.0B |
| Revenue growth | — | +17% | +11% | -3% | — |
| Gross profit | ₹6.93B | ₹4.85B | ₹3.84B | ₹3.20B | ₹3.91B |
| EBITDA | ₹2.60B | ₹2.10B | ₹1.33B | ₹875M | ₹1.40B |
| Net income | ₹786M | ₹1.07B | ₹584M | -₹1.35B | ₹780M |
| Free cash flow | n/a | ₹56.7M | -₹476M | -₹2.13B | -₹1.50B |
| Capital expenditure | n/a | ₹957M | ₹818M | ₹1.59B | ₹790M |
| Total debt | ₹5.69B | ₹3.94B | ₹812M | ₹808M | ₹283M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GREAVESCOT.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.6% | -11.4% | 6th highest of 21 |
| 6-month return | +21.6% | -23.7% | 2nd highest of 21 |
| Distance from 52-week high | -24.9% | -42.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +28.4% | -1.2% | 2nd highest of 21 |
| Operating margin | 3.1% | 4.8% | 8th lowest of 21 |
| Forward P/E | 56.8× | 16.7× | most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 41.8% | 4.5% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +17.8% | +6.6% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | +23.9 pp | -5.4 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | -9.1 pp | -3.0 pp | 4th lowest of 21 |
| EV / EBITDA | 19.2× | 11.8× | 2nd most expensive of 11 |
| Net debt / EBITDA | 0.2× | 1.2× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Greaves Cotton GREAVESCOT.NS | India | $503M | +22% | +28% | 3% | 56.8× | 41.8% | +17.8% |
| Naipu Mining Machinery 300818.SZ | China | $504M | -40% | +21% | 9% | 30.3× | n/a | n/a |
| Aichi 6345.T | Japan | $507M | -11% | +2% | 11% | 11.9× | -5.3% | +0.1% |
| Columbus McKinnon CMCO | United States | $510M | +11% | +81% | 4% | 7.9× | n/a | n/a |
| Inner Mongolia North Hauler Joint Stock 600262.SS | China | $510M | -18% | -3% | 8% | n/a | -13.2% | +17.5% |
| Kyokuto Kaihatsu Kogyo 7226.T | Japan | $481M | -25% | +15% | 6% | 14.3× | n/a | n/a |
| Japan Engine 6016.T | Japan | $532M | -19% | -2% | 20% | 15.5× | n/a | n/a |
| Kunming Yunnei Power 000903.SZ | China | $474M | -23% | -13% | -23% | n/a | n/a | n/a |
| Anshan Senyuan Road and Bridge 300210.SZ | China | $471M | -40% | -36% | -24% | n/a | n/a | n/a |
| Hangzhou Hota M&E 001225.SZ | China | $469M | -32% | -2% | 3% | n/a | 42.5% | -10.3% |
| Nanjing Railway New Technology 301016.SZ | China | $542M | -28% | -1% | 18% | n/a | 19.2% | -3.9% |
| Karnell KARNEL-B.ST | Sweden | $465M | +8% | +28% | 14% | 16.7× | 5.9% | +24.2% |
| Anhui Quanchai Engine 600218.SS | China | $463M | -27% | +3% | -1% | n/a | -3.7% | 0.0% |
| Tianjin Keyvia Electric 300407.SZ | China | $549M | -20% | +13% | 2% | n/a | -1.6% | +6.6% |
| Ningbo Daye Garden Machinery 300879.SZ | China | $457M | -37% | +8% | -4% | n/a | n/a | n/a |
| Eurocrane (China) 603966.SS | China | $557M | -32% | -3% | 9% | n/a | 1.2% | +14.0% |
| Junjin Construction & Robot 079900.KS | South Korea | $452M | -34% | +2% | 13% | 19.9× | 4.5% | +15.9% |
| Texmaco Rail & Engineering TEXRAIL.NS | India | $452M | -9% | -14% | 8% | 21.9× | 24.5% | +21.0% |
| Wabash National WNC | United States | $444M | +46% | -7% | -10% | n/a | n/a | n/a |
| Hangzhou Huning Elevator Parts 300669.SZ | China | $591M | -36% | -2% | 1% | n/a | 50.1% | -1.7% |
| Ponsse PON1V.HE | Finland | $595M | -15% | -3% | 4% | 19.2× | n/a | n/a |