Greaves Cotton

Mumbai, India Founded: 1859 • Age: 167 yrs Listed
Mobility solutions, internal combustion engines, and engineering products are manufactured.

About Greaves Cotton

Greaves Cotton is a publicly listed company based in Mumbai (India) founded in 1859. Mobility solutions, internal combustion engines, and engineering products are manufactured. The company has 4,120 employees. Greaves Cotton has completed 2 acquisitions, including Ampere Vehicles and Excel Controlinkage. Its chief executive, as recorded, is Neeraj Sharan. Its website greavescotton.com draws about 19 thousand monthly visits. Its Indian entity Greaves Cotton Limited reported revenue of β‚Ή3,487 Cr. Its focus areas include Auto, Auto Components and Multi Category.

Company details

Founded in 1859 and headquartered in Mumbai, India, internal combustion engines for automotive and non-automotive uses are produced by Greaves Cotton. Mobility solutions, including electric vehicles, three-wheelers, and ePowertrain systems, are developed alongside aftermarket spares and EV charging infrastructure. Non-automotive offerings encompass railway components, energy management tools, and farm equipment. Finance options and motion control solutions are also provided across operations.

  • Headquarters Mumbai, India
  • Employees 4,120
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website greavescotton.com
  • Social LinkedIn X Facebook
  • Legal Name Greaves Cotton Limited
Key Metrics
  • Market Cap
    ₹4,475 Cr

    GREAVESCOT · NSE

  • Share Price
    ₹183.52

    -4.46% today

  • Revenue
    ₹3,437 Cr

    FY 2025-26 · +17.8% YoY

  • EBITDA
    ₹200 Cr

    Margin 5.8%

  • Net Profit
    ₹115 Cr

    FY 2025-26 · +104.1% YoY

  • P/E (TTM)
    45.3x

    P/B 3.2x

  • ROE
    3.0%

    ROCE 10.3%

  • Debt / Equity
    0.17

    Interest cover 28.6x

  • Employee Count
    4,120
  • Investments & Acquisitions

Board of directors of Greaves Cotton Limited (Greaves Cotton)

Greaves Cotton Limited is the primary company behind Greaves Cotton. The board of Greaves Cotton Limited currently have 7 directors; the longest-serving is Karan Thapar, appointed in 1991. 35 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Karan Thapar
DIN 00004264
Director29 Sep 199135 yrsGreaves Cotton Limited
Ravi Moti Kirpalani
DIN 02613688
Director12 May 20224 yrs 5 moGreaves Cotton Limited
Raja Venkataraman
DIN 00669376
Director09 Feb 20233 yrs 8 moGreaves Cotton Limited
Mangalath Sukumarapanicker Unnikrishnan
DIN 01460245
Director01 Apr 20242 yrs 6 moGreaves Cotton Limited
Kavita Nair
DIN 07771200
Director23 Jan 20251 yr 9 moGreaves Cotton Limited
Parag Parshuram Satpute
DIN 06872200
Managing Director14 Apr 20251 yr 6 moGreaves Cotton Limited
Jehangir Ardeshir
DIN 02344835
Director01 Aug 20251 yr 2 moGreaves Cotton Limited

People of Greaves Cotton

61 people are tracked at Greaves Cotton (18 in leadership, 7 in board & advisors, 36 in team); the tracked headcount is 4,120.

NameRoleGroup
Neeraj Sharan
CEO & PresidentLeadership
Anil S Makhloga
CEOLeadership
Prateek Bucha
Assistant General ManagerLeadership
Sqn Ldr Sandeep Shenoy
Head Of AdministrationLeadership
Navneet Kumar
Deputy General Manager-sales And MarketingLeadership
Janamjay Singh
Sr. General ManagerLeadership
Vinod Jadhav
Deputy General ManagerLeadership
Alok Jha
Senior General ManagerLeadership
Saurabh Kumar
Deputy General ManagerLeadership
Agha Shahid Raza
Deputy General ManagerLeadership
Pundlik Hage
Associate General Manager | Procurements And Sourcing | Greaves Cotton Ltd - Aurangabad , Pune.Leadership
Akhila Balachandar
CFOLeadership
Abhijit Joshi
Vice PresidentLeadership
Piyush Bhargav
Business Head Autoevmart ( By Greaves ), Marketing Head Greaves RetailLeadership
Swapnil Thigale
Deputy General ManagerLeadership
Mukesh Rokade
Associate General Manager- Genset Business (andhra Pradesh & Telangana)Leadership
Bharat Bhagat
General Manager International BusinessLeadership
Narinder Pal Singh Kochar
Business Head - E-powertrainLeadership
ChairmanBoard & advisors
Arvind Kumar Singhal
DirectorBoard & advisors

41 more people are available in the full profile.

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IPO & Listings of Greaves Cotton

Greaves Cotton is a publicly listed company on the NSE with ticker symbol GREAVESCOT in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date09 Sep 2004
  • Listed onNSE: GREAVESCOT
  • Listed entityGreaves Cotton Limited
  • Exchange sectorProducer manufacturing
  • ISININE224A01026
  • Share price₹208.80 (-0.38% on the day) · 2026-10-14
  • Market capitalisation₹4,879 Cr
  • Price to earnings49.0
  • EPS (diluted, trailing year)₹4.26
  • Dividend yield0.95%
  • Volume (last session)791,559

Financials of Greaves Cotton

Exchange-reported figures of Greaves Cotton Limited, the listed company behind Greaves Cotton (NSE: GREAVESCOT).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹3,437 Cr
+17.8% YoY
EBITDA
₹200 Cr
+52.1% YoY
Profit After Tax
₹115 Cr
+104.0% YoY
Net Worth
₹1,431 Cr
+1.8% YoY
Total Assets
₹2,003 Cr
+14.2% YoY
Total Debt
₹394 Cr
+385.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,4372,9182,6332,6991,7101,5001,911
Revenue growth+17.8%+10.8%-2.5%+57.9%+14.0%-21.5%-
EBITDA200131(404)10910.0636.84204
EBITDA margin+5.8%+4.5%-15.3%+4.0%+0.6%+2.5%+10.7%
Profit before tax11572.50(273)113(19.33)(13.79)169
Net profit11556.3329985.25(34.83)35.01123
Net profit margin+3.3%+1.9%+11.3%+3.2%-2.0%+2.3%+6.5%
EPS (β‚Ή)4.602.51(5.83)3.37(1.52)(0.81)5.59
Balance sheet
Total assets2,0031,7541,7932,0151,030826853
Net worth1,4311,4061,4401,587749783799
Total debt39481.2480.7528.2625720.2527.98
Cash & bank564428314541100280190
Net working capital8185764011,260133269324
Cash flow
Cash from operations32.58(22.52)(153)(135)(56.28)147102
Cash from investing(99.46)126246(758)(238)(108)255
Cash from financing123(116)(32.01)889210(19.99)(241)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9741,000875815745823751705
Revenue growth (YoY)+30.7%+21.6%+16.6%+15.6%+16.5%---
Other income10.9413.108.4210.4318.0412.2817.8113.78
EBITDA56.3352.1942.8648.3056.4145.7439.6718.73
EBITDA margin+5.8%+5.2%+4.9%+5.9%+7.6%+5.6%+5.3%+2.7%
Depreciation28.2127.6827.6026.9526.5625.2725.7326.43
Interest12.019.986.374.834.875.923.154.27
Profit before tax27.0527.6317.3126.9543.0226.8328.601.81
Tax20.8925.4311.3920.6322.1725.3021.9216.14
Net profit6.162.205.926.3220.851.536.68(14.33)
EPS (β‚Ή)1.100.961.091.111.421.030.890.14
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,3651,9881,7791,5501,1781,3291,821
Revenue growth+18.9%+11.8%+14.8%+31.6%-11.4%-27.0%-
EBITDA28425621513430.1054.07222
EBITDA margin+12.0%+12.9%+12.1%+8.7%+2.6%+4.1%+12.2%
Profit before tax27725036616139.2718.47197
Net profit22618817611022.678.42107
Net profit margin+9.6%+9.5%+9.9%+7.1%+1.9%+0.6%+5.9%
EPS (β‚Ή)8.597.9912.264.971.170.456.38
Balance sheet
Total assets1,7571,5491,3651,080968933928
Net worth1,6181,4551,3141,046930901888
Total debt53.8113.8018.9617.3020.4711.4515.37
Cash & bank41733621639.3678.04276188
Net working capital43846445541935.13283312
Cash flow
Cash from operations34811218414124.26172120
Cash from investing(171)139(90.78)(164)(115)(146)234
Cash from financing(144)(243)(27.48)(10.76)(11.69)(9.83)(238)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue629698575552541573502468
Revenue growth (YoY)+16.4%+21.7%+14.5%+18.0%+21.5%---
Other income11.1813.339.179.6812.859.3911.009.71
Total expenses559626512477465489436413
EBITDA70.8571.5162.5674.5175.8384.3166.5554.60
EBITDA margin+11.3%+10.3%+10.9%+13.5%+14.0%+14.7%+13.3%+11.7%
Depreciation14.0213.1312.6912.0311.7810.4711.2712.10
Interest1.011.010.670.630.520.290.370.37
Profit before tax67.0070.7058.3771.5376.3882.9465.9151.84
Tax17.1622.9515.2718.9419.7421.1316.9613.28

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9741,000875815745823751705
Revenue growth (YoY)+30.7%+21.6%+16.6%+15.6%+16.5%---
Other income10.9413.108.4210.4318.0412.2817.8113.78
EBITDA56.3352.1942.8648.3056.4145.7439.6718.73
EBITDA margin+5.8%+5.2%+4.9%+5.9%+7.6%+5.6%+5.3%+2.7%
Depreciation28.2127.6827.6026.9526.5625.2725.7326.43
Interest12.019.986.374.834.875.923.154.27
Profit before tax27.0527.6317.3126.9543.0226.8328.601.81
Tax20.8925.4311.3920.6322.1725.3021.9216.14
Net profit6.162.205.926.3220.851.536.68(14.33)
EPS (β‚Ή)1.100.961.091.111.421.030.890.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,4372,9182,6332,6991,7101,5001,911
Revenue growth+17.8%+10.8%-2.5%+57.9%+14.0%-21.5%-
Other income49.9960.9322472.0434.6816.7330.92
Total expenses3,2372,7873,0372,5901,7001,4641,707
Employee cost382333317218176148181
EBITDA200131(404)10910.0636.84204
EBITDA margin+5.8%+4.5%-15.3%+4.0%+0.6%+2.5%+10.7%
Depreciation10910384.3956.6858.7360.4360.94
Interest26.0516.289.2311.695.346.935.07
Profit before tax11572.50(273)113(19.33)(13.79)169
Tax79.6278.7894.1743.0615.974.9941.72
Net profit11556.3329985.25(34.83)35.01123
Net profit margin+3.3%+1.9%+11.3%+3.2%-2.0%+2.3%+6.5%
EPS (β‚Ή)4.602.51(5.83)3.37(1.52)(0.81)5.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital46.5846.5046.4046.3346.3046.2446.24
Reserves & surplus1,3841,3591,3941,540703736753
Shareholders' funds (net worth)1,4311,4061,4401,587749783799
Minority interest83.301802343810.000.000.00
Secured loans22210.593.823.1153.202.970.00
Unsecured loans17370.6576.9325.1520417.2827.98
Total debt39481.2480.7528.2625720.2527.98
Total liabilities2,0031,7541,7932,0151,030826853
Assets
Gross block1,4021,3131,197666639639618
Net block875846825369364372380
Capital work in progress64.0943.3162.6782.5681.6274.9568.57
Investments66.5512115712316.380.512.83
Inventories314336276215193175194
Sundry debtors345334236166186209255
Cash & bank balances564428314541100280190
Loans & advances4542382031,04025858.7772.07
Total current assets1,6771,3351,0301,963738723711
Total current liabilities859760629703605454387
Net working capital8185764011,260133269324
Total assets2,0031,7541,7932,0151,030826853
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash13514886.4390.6817515640.14
Net cash from operating activities32.58(22.52)(153)(135)(56.28)147102
Net cash from investing activities(99.46)126246(758)(238)(108)255
Net cash from financing activities123(116)(32.01)889210(19.99)(241)
Net change in cash55.90(12.79)61.39(4.25)(84.38)19.27116
Closing cash564428314541100280190
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+17.8%+10.8%-2.5%+57.9%+14.0%-21.5%-
EBITDA growth+52.1%+132.5%-469.9%+984.9%-72.7%-82.0%-
PBT growth+58.5%+9998.0%-+9998.0%-40.2%--29.6%
Net income growth+104.1%-81.1%+250.4%+344.8%-199.5%-71.6%-
Revenue CAGR (3Y)+8.4%+19.5%+20.6%+12.2%-5.3%-5.8%+5.4%
EBITDA CAGR (3Y)+22.3%+135.5%--18.8%-65.8%-47.5%-3.8%
Profitability & leverage
Net income margin+1.0%-0.2%-14.0%+2.6%-2.1%-1.3%+6.7%
Return on capital employed+10.3%+5.7%+4.4%+10.3%-1.2%+3.3%+18.8%
Return on net worth+3.0%-0.4%+4.4%+6.6%-4.6%+4.4%+14.4%
Debt / equity0.170.060.040.120.180.030.02
Long-term debt / equity0.090.010.010.090.130.020.01
Interest cover28.6458.46-1.8922.28-10.97-29.383.54
Efficiency & per share
Fixed asset turnover2.532.322.834.142.682.393.37
Inventory turnover10.589.5410.7213.229.298.1311.65
Debtors turnover10.1210.2213.0815.328.656.476.40
EPS (β‚Ή)4.602.51(5.83)3.37(1.52)(0.81)5.59
Dividend per share (β‚Ή)2.002.002.000.900.200.200.00
Book value per share (β‚Ή)61.4360.4662.0868.4932.3733.8534.55
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue629698575552541573502468
Revenue growth (YoY)+16.4%+21.7%+14.5%+18.0%+21.5%---
Other income11.1813.339.179.6812.859.3911.009.71
Total expenses559626512477465489436413
EBITDA70.8571.5162.5674.5175.8384.3166.5554.60
EBITDA margin+11.3%+10.3%+10.9%+13.5%+14.0%+14.7%+13.3%+11.7%
Depreciation14.0213.1312.6912.0311.7810.4711.2712.10
Interest1.011.010.670.630.520.290.370.37
Profit before tax67.0070.7058.3771.5376.3882.9465.9151.84
Tax17.1622.9515.2718.9419.7421.1316.9613.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3651,9881,7791,5501,1781,3291,821
Revenue growth+18.9%+11.8%+14.8%+31.6%-11.4%-27.0%-
Other income45.0341.7319466.9253.5618.4430.60
Total expenses2,0801,7321,5641,4161,1471,2751,599
Employee cost194177148121137133167
EBITDA28425621513430.1054.07222
EBITDA margin+12.0%+12.9%+12.1%+8.7%+2.6%+4.1%+12.2%
Depreciation49.6345.6941.0138.1042.4348.4152.17
Interest2.831.691.772.111.965.633.84
Profit before tax27725036616139.2718.47197
Tax76.9164.1181.3645.6212.198.1149.16
Net profit22618817611022.678.42107
Net profit margin+9.6%+9.5%+9.9%+7.1%+1.9%+0.6%+5.9%
EPS (β‚Ή)8.597.9912.264.971.170.456.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital46.5846.5046.4046.3346.3046.2446.24
Reserves & surplus1,5721,4091,268999883855842
Shareholders' funds (net worth)1,6181,4551,3141,046930901888
Secured loans0.000.000.000.000.000.000.00
Unsecured loans53.8113.8018.9617.3020.4711.4515.37
Total debt53.8113.8018.9617.3020.4711.4515.37
Total liabilities1,7571,5491,3651,080968933928
Assets
Gross block608551511438455512531
Net block315259257210230267306
Capital work in progress46.7431.6223.4774.0078.3673.8068.57
Investments758664488210177177177
Inventories197205138154140155171
Sundry debtors285286201160178203239
Cash & bank balances41733621639.3678.04276188
Loans & advances65.1755.5329449252.9145.0375.15
Total current assets964882849845448679673
Total current liabilities525418395426413396362
Net working capital43846445541935.13283312
Total assets1,7571,5491,3651,080968933928
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10810034.3868.4217115438.41
Net cash from operating activities34811218414124.26172120
Net cash from investing activities(171)139(90.78)(164)(115)(146)234
Net cash from financing activities(144)(243)(27.48)(10.76)(11.69)(9.83)(238)
Net change in cash32.067.9865.63(34.04)(102)16.20116
Closing cash41733621639.3678.04276188
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.9%+11.8%+14.8%+31.6%-11.4%-27.0%-
EBITDA growth+11.3%+19.1%+60.1%+345.2%-44.3%-75.7%-
PBT growth+10.8%-31.7%+127.6%+309.3%+112.6%-90.6%-20.2%
Net income growth+20.1%+7.0%+60.2%+384.1%+169.2%-92.1%-
Revenue CAGR (3Y)+15.1%+19.1%+10.2%-5.2%-16.0%-9.5%+3.7%
EBITDA CAGR (3Y)+28.5%+104.0%+58.3%-15.5%-50.9%-40.3%-1.1%
Profitability & leverage
Net income margin+8.5%+9.4%+16.0%+7.4%+2.3%+0.8%+8.1%
Return on capital employed+19.1%+17.3%+18.6%+15.9%+3.6%+6.3%+14.7%
Return on net worth+14.7%+13.4%+14.9%+11.7%+2.5%+0.9%+11.5%
Debt / equity0.020.010.020.020.020.010.01
Long-term debt / equity0.010.010.010.010.010.010.01
Interest cover1.210.801.022.20-15.9099.472.26
Efficiency & per share
Fixed asset turnover4.083.753.753.472.442.553.77
Inventory turnover11.7711.5812.1810.558.008.1512.72
Debtors turnover8.298.179.859.186.196.026.33
EPS (β‚Ή)8.597.9912.264.971.170.456.38
Dividend per share (β‚Ή)2.002.002.000.900.200.200.00
Book value per share (β‚Ή)69.4962.5956.6445.1340.1638.9738.42

Investments & Acquisitions by Greaves Cotton

Greaves Cotton has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ampere Vehicles and Excel Controlinkage.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Motion control systems and components are manufactured for diverse industries.
excelcontrolinkage.comNagpur, India1994Feb 2023$46.58M
Platform offering electric mobility solutions
amperevehicles.comCoimbatore, India2008Aug 2018$10.97M
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Timeline of Greaves Cotton

4 dated milestones of Greaves Cotton across 164 years, from founding to its latest funding, stage changes and deals.

  1. Founded Greaves Cotton is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires Ampere Vehicles.
  4. Acquisition Acquires Excel Controlinkage.

Web traffic of Greaves Cotton

The website of Greaves Cotton (greavescotton.com) receives about 18.7K visits a month.

  • Monthly visits
    18.7K

    ▼ 11.3% vs previous month

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Top companies in Automotive Manufacturing & Components

3 companies that operate in the same segment as Greaves Cotton (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Electrical and electronic parts for automobiles are provided by SEDEMAC.
2007Pune, Maharashtra, IndiaUSD 26.22 MUSD 32.69 M415
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles
1994Mumbai, Maharashtra, IndiaUSD 137.89 MUSD 17.06 B33,980
Lithium-ion batteries for electric vehicles are manufactured across categories.
2006Gurugram, Haryana, IndiaUSD 34.18 M177
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Frequently Asked Questions about Greaves Cotton

Greaves Cotton was founded in 1859.

Greaves Cotton is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Neeraj Sharan is the CEO of Greaves Cotton, as recorded in our data.

Greaves Cotton has 4,120 employees.

The primary company behind Greaves Cotton, Greaves Cotton Limited, reported revenue of β‚Ή3,487 Cr for FY 2026, up 18% year on year.

Founded in 1859 and headquartered in Mumbai, India, internal combustion engines for automotive and non-automotive uses are produced by Greaves Cotton. Mobility solutions, including electric vehicles, three-wheelers, and ePowertrain systems, are developed alongside aftermarket spares and EV charging infrastructure. Non-automotive offerings encompass railway components, energy management tools, and farm equipment. Finance options and motion control solutions are also provided across operations.

Yes, Greaves Cotton is publicly traded on NSE under the ticker symbol GREAVESCOT.

Greaves Cotton has made 2 acquisitions, including Ampere Vehicles, and Excel Controlinkage.

Greaves Cotton operates through Greaves Cotton Limited.

The legal entities of Greaves Cotton currently have 9 directors, including Ravi Moti Kirpalani, Karan Thapar, Raja Venkataraman and others.

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