Greaves Cotton Limited (GREAVESCOT) AI Stock Analysis

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Greaves Cotton Limited

(NSE:GREAVESCOT)

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Rating:62Neutral

Price Target:INR 192.00▼(-14.99% Downside)

Action:reiterated

Date:10/12/26

The overall score of 62 is driven primarily by an improving financial baseline with low leverage and supportive long-term technical momentum. These strengths are partially offset by a premium valuation multiple and near-term pressures on operating margins.

Positive Factors

Revenue ReaccelerationThe return to strong revenue growth indicates improving demand across Greaves Cotton’s powertrain and mobility activities. If sustained, higher sales can improve operating leverage, support investment in ICE and electric offerings, and strengthen the company’s position across its served end-markets.

Negative Factors

Volatile Cash ConversionThe extended history of negative operating cash flow and limited conversion of FY2026 earnings into free cash flow weakens confidence in earnings quality. Persistent cash-flow volatility can restrict internally funded investment, reduce financial flexibility, and make reported profitability less dependable through the cycle.

Greaves Cotton Limited (GREAVESCOT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 52.47B
Dividend Yield: 0.89%
Average Volume (3M): 105.94K
Price to Earnings (P/E): 66.9
Beta (1Y): 1.64
Revenue Growth: 28.44%
EPS Growth: -24.44%
Country: India
Employees: 1,756
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Greaves Cotton Limited Business Overview & Revenue Model

Company Description

Established in Mumbai, India, in 1859, Greaves Cotton Limited operates as a diversified engineering firm specializing in the production and sale of engines and associated application products. Its engine range includes lightweight diesel and gasoline...

How the Company Makes Money

Greaves Cotton primarily generates revenue from (1) selling internal combustion engines and powertrain/propulsion products to original equipment manufacturers (OEMs) for applications such as small commercial vehicles, three-wheelers, and other indust...

Greaves Cotton Limited Financial Statement Overview

Summary

Greaves Cotton demonstrates a solid fundamental recovery with consistent revenue growth, a low-leverage balance sheet, and positive cash flows. However, the score is capped by recent gross margin compression and thin operating profitability.

Income Statement

65Positive

Balance Sheet

75Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	40.26B	34.37B	29.18B	26.33B	26.99B	17.10B
Gross Profit	9.82B	6.50B	9.31B	8.16B	7.29B	1.61B
EBITDA	2.48B	2.50B	1.36B	-1.79B	1.88B	472.40M
Net Income	786.30M	1.07B	584.00M	-1.35B	780.30M	-353.00M
Balance Sheet
Total Assets	31.95B	28.94B	25.52B	24.64B	27.24B	16.44B
Cash, Cash Equivalents and Short-Term Investments	5.07B	6.24B	2.55B	4.78B	11.36B	4.55B
Total Debt	5.69B	3.94B	812.40M	807.50M	282.60M	2.57B
Total Liabilities	16.59B	13.80B	9.66B	7.90B	7.57B	8.95B
Stockholders Equity	13.66B	14.31B	14.06B	14.40B	15.87B	7.49B
Cash Flow
Free Cash Flow	0	274.80M	-647.70M	-3.12B	-2.14B	-1.29B
Operating Cash Flow	0	640.20M	-225.20M	-1.53B	-1.35B	-627.80M
Investing Cash Flow	0	-2.19B	497.10M	2.32B	-7.58B	-2.32B
Financing Cash Flow	0	2.10B	-399.80M	-320.10M	8.89B	2.10B

Greaves Cotton Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price225.85

Price Trends

50DMA203.96Positive

100DMA211.18Positive

200DMA185.90Positive

Market Momentum

MACD3.76Negative

RSI66.83Neutral

STOCH91.67Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GREAVESCOT, the sentiment is Positive. The current price of 225.85 is above the 20-day moving average (MA) of 200.16, above the 50-day MA of 203.96, and above the 200-day MA of 185.90, indicating a bullish trend. The MACD of 3.76 indicates Negative momentum. The RSI at 66.83 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GREAVESCOT.

Greaves Cotton Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GREAVESCOT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ELGIEQUIP	77Outperform	INR 185.33B	40.58	―	0.46%	17.34%	17.07%
IN:KIRLOSBROS	67Neutral	INR 130.72B	34.59	―	0.42%	10.85%	-4.06%
IN:KIRLPNU	67Neutral	INR 85.94B	33.07	―	0.91%	9.10%	38.69%
IN:GREAVESCOT	62Neutral	INR 52.61B	66.86	―	0.89%	28.44%	-24.44%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KIRLOSENG	51Neutral	INR 246.49B	47.76	―	0.53%	19.56%	1.55%
IN:KSB	51Neutral	INR 113.71B	100.42	―	0.67%	7.98%	-9.14%

* General Sector Average

Performance Comparison

IN:GREAVESCOT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GREAVESCOT	Greaves Cotton Limited	225.85	15.77	7.51%
IN:ELGIEQUIP	ELGI Equipments Limited	584.80	72.84	14.23%
IN:KIRLOSBROS	Kirloskar Brothers Ltd.	1646.20	-110.56	-6.29%
IN:KIRLOSENG	Kirloskar Oil Engines Limited	1693.30	588.24	53.23%
IN:KIRLPNU	Kirloskar Pneumatic Co. Ltd.	661.25	102.23	18.29%
IN:KSB	KSB Ltd.	653.35	-95.80	-12.79%

Greaves Cotton Limited Corporate Events

Greaves Cotton Gets IND AA- Rating Affirmed With Stable Outlook

Sep 4, 2026

Greaves Cotton Limited has announced that India Ratings and Research has affirmed its long-term issuer rating at IND AA- with a Stable outlook, underscoring the company’s solid credit profile. The rating affirmation reflects confidence in the firm’s...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 11, 2026

Greaves Cotton Limited AI Stock Analysis