NSE: GREAVESCOT | BSE: 501455

Expensive Performer

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193.81 -5.76 (-2.89%)

High vol. this week

NSE 02 May, 2025 3:31 PM (IST)

4,511.6

Market Cap

Below industry Median

1.6

Beta 1Year

Very High Volatility

Greaves Cotton Ltd. share price target and research reports

Name: Latest research reports of Greaves Cotton Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Greaves Cotton Ltd.
Rating: 3
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for GREAVESCOT, BSE:501455 Greaves Cotton Ltd.

Greaves Cotton Ltd.

06 Nov 2019

193.81

-2.89%

Greaves Cotton

Hold: Greaves Cotton Ltd.

Recommendation Target

ICICI Securities Limited

Greaves Cotton's (GCL) revenues came in at | 490 crore, down 1.0% YoY, below our estimate of | 501.2 crore impacted by the auto slowdown. EBITDA came in at | 59.1 crore, down 19.3% YoY (below our estimate of | 69.7 crore). EBITDA margins came in at 12.1%, down 270 bps YoY, impacted by higher operating expenses. GCL reported adjusted PAT of | 42.3 crore, up 6.1% YoY (below our estimate of | 52.1 crore). For H1FY20, engines...

Number of FII/FPI investors increased from 75 to 98 in Mar 2025 qtr.

Greaves Cotton Ltd.

05 Nov 2019

193.81

-2.89%

Greaves Cotton

Hold: Greaves Cotton Ltd.

Target

Sharekhan

The results of Greaves Cotton Limited's (GCL) Q2FY2020 missed estimates. Topline declined marginally by 1% y-o-y. Subdued performance across engines, agri and aftermarkets segments dragged the revenues down. Operating margins shrunk 270 bps y-o-y to 12.1% (missed estimates) attributable to adverse product mix and high raw material costs. The adjusted PAT at Rs 40 cr declined 19% y-o-y and missed our estimates of Rs 50 cr. Given the headwinds, GCL's topline growth is expected to moderate sharply to flat growth in FY2020....

Greaves Cotton Ltd. average weekly volume is high.

Greaves Cotton Ltd.

30 Aug 2019

193.81

-2.89%

EARNINGS UPDATE-GREAVES COTTON 1QFY20

Buy: Greaves Cotton Ltd.

Target

Chola Wealth Direct

Background: Greaves Cotton (GCL) is one of the largest manufacturers (primarily) single cylinder (diesel, gasoline engines) and dual cylinder engines, which find application in running 3-W vehicles and 4-W small commercial vehicles (SCVs). The company offers products and solutions across business units- Engines, power, farm equipment, mobility and aftermarket. In FY19 Greaves Cotton augmented its Clean Technology portfolio with entry in the last-mile affordable 2W...

Greaves Cotton Ltd. has lost -26.97% in the last 3 Months

Greaves Cotton Ltd.

14 Aug 2019

193.81

-2.89%

Greaves Cotton Ltd: Slowdown Impact Growth & Profitability in Q1

Hold: Greaves Cotton Ltd.

Target

Karvy

Slowdown Impact Growth & Profitability in Q1: Greaves Cotton Q1 earning came in much below our estimates on account of revenue mix, cost pressures and lower other income. Revenue for Q1 grew by 7% to Rs. 4.9 Bn and electric mobility contributed ~ 3.8% of revenues.

Greaves Cotton Ltd. has gained 33.39% in the last 1 Year

Greaves Cotton Ltd.

09 Aug 2019

193.81

-2.89%

Greaves Cotton

Buy: Greaves Cotton Ltd.

Recommendation Target

ICICI Securities Limited

Greaves Cotton's (GCL) revenues were at | 476.8 crore, up 4.1% YoY, below our estimate of | 485.8 crore. EBITDA was flat at | 61.3 crore YoY (below our estimate of | 65.1 crore). EBITDA margins were at 12.8%, down 50 bps YoY, below our estimate of 13.4%. PAT came in at | 38.2 crore, down 4.2% YoY (below our estimate of | 45.2 crore). For Q1FY20, engines contributed...

Greaves Cotton Ltd. has lost -26.97% in the last 3 Months

Greaves Cotton Ltd.

08 Aug 2019

193.81

-2.89%

Greaves Cotton

Hold: Greaves Cotton Ltd.

Target

Sharekhan

Greaves Cotton Limited's (GCL) Q1FY2020 results missed estimates as topline growth moderated sharply to 4% and margins contracted by 50 BPS y-o-y due to operating deleverage. Net profit fell by 4%. Apart from slowdown in the traditional diesel 3W business (40% of the topline), growth is also expected to slow in the aftermarket segment (22% of revenue) due to liquidity concerns and in the agri segment due to rural stress. While emerging business of CNG engines and electric 2W are growing rapidly, given their small size, it would not meaningfully offset...

Number of FII/FPI investors increased from 75 to 98 in Mar 2025 qtr.

Greaves Cotton Ltd.

06 May 2019

193.81

-2.89%

Greaves Cotton

Hold: Greaves Cotton Ltd.

Arihant Capital

Greaves Cotton came out with good set of numbers, revenue surpassed our estimate, however EBITDA and PAT were slightly below our estimate. Standalone revenue for Q4FY19 grew 8.6% YoY to Rs 5281 mn, ahead of our estimate of Rs 4740 mn, while EBITDA came at Rs 700 mn slightly below our estimate of Rs 760 mn. EBITDA margin contracted by 112bps YoY to 13.3% from 14.4% in Q4FY18, mainly due to high commodity prices and slower after market growth. Adjusted PAT (adjustment for exceptional item comprising of Rs 155mn provision for IL&FS; exposure) for the quarter stood...

Number of FII/FPI investors increased from 75 to 98 in Mar 2025 qtr.

Greaves Cotton Ltd.

06 May 2019

193.81

-2.89%

Greaves Cotton Ltd : Greaves Q4 in Line with Estimates

Hold: Greaves Cotton Ltd.

Recommendation Target

Karvy

Greaves Cotton (Greaves) Q4 and FY19 estimates were in line with our estimates. Q4 adjusted earnings dropped by 4.2% YoY to Rs. 1.89 on the back of higher commodity prices, gross margin dropped by 150 bps YoY.

Greaves Cotton Ltd. is trading below all available SMAs

Greaves Cotton Ltd.

03 May 2019, 12:00AM

193.81

-2.89%

Greaves Cotton

Hold: Greaves Cotton Ltd.

Sharekhan

9% y-o-y to Rs 528 cr. The traditional 3W engines business reported a healthy volume growth of 8% y-o-y, while the new business of multi brand spares (aftermarkets) remained under pressure for the quarter due to liquidity crunch. Healthy growth in agri pumpset business further aided the revenue growth. Revenues were broadly in line with estimates. However, operating margins...

Number of FII/FPI investors increased from 75 to 98 in Mar 2025 qtr.

Greaves Cotton Ltd.

03 May 2019, 12:00AM

193.81

-2.89%

Greaves Cotton

Hold: Greaves Cotton Ltd.

Recommendation Target

ICICI Securities Limited

In Q4Y19, GCL's engine volume (3-W, 4W) grew 6.8% YoY to 86647 units. The 3-W (passenger, goods) volumes grew 7.5% YoY at 74060 units. On non-auto side, power genset segment volume grew 16.6% YoY to 1130 units. Pumpset volume grew 26.9% to 25319 units YoY. Total agricultural volume grew 13.5% with some impact on power tiller segment due to liquidity issues at customers end. We build in 3-W volumes of ~348637 and...

Greaves Cotton Ltd. has lost -26.97% in the last 3 Months

Is Greaves Cotton Ltd. worth buying?

440 Votes:

Buy 77.95%

Sell 12.27%

Hold 9.77%