Greaves Cotton Ltd.

NSE: GREAVESCOT | BSE: 501455 | ISIN: INE224A01026 | Industry: Auto Parts & Equipment
| Expensive Performer

193.81
-2.89%
ICICI Securities Limited
In Q3Y19, GCL's engine volume (3-W, 4W) grew 3.0% YoY to 81622 units. The 3-W (passenger & goods) volumes grew 3.8% YoY to 69097 units. On the non-auto side, power genset segment volumes grew 38.3% YoY to 1516 units. PK pumpset volume grew 5.2% to 17356 units YoY, diesel pumpset volumes declined 36.6% to 2213 units while electric pumps volume were at 9000 unit for Q3FY19. Agri power tiller volumes doubled to 655 units YoY. We build in 3-W volumes of ~294568 and ~316974 units in FY19E and FY20E, respectively. In Q3FY19, engine business...
Greaves Cotton Ltd. average weekly volume is high.
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