Primepower Engineering

Malappuram, India Founded: 2010 • Age: 16 yrs Listed
Manufactures solar-powered products, including panels and energy systems.
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About Primepower Engineering

Primepower Engineering is a publicly listed company based in Malappuram (India) founded in 2010. It manufactures solar-powered products, including panels and energy systems. It operates on a B2B model. The company has 381 employees. Its Indian entity Greaves Cotton Limited reported revenue of ₹3,487 Cr. Its focus areas include Energy, Renewable Energy, Solar Power and Product Manufacturing. Its competitors include Nessa, Borosil Renewables and Servoteh; 1 of its 3 listed competitors has raised funding.

Company details

Primepower Engineering, established in 2010, excels in working in the energy sector, promoting renewable energy, solar power, and product manufacturing. Manufactures solar-powered products, including panels and energy systems. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.

Operational Areas
Energy & Utilities → Renewable & Sustainable Energy
Key Metrics
  • Market Cap
    ₹5,199 Cr

    GREAVESCOT · NSE

  • Share Price
    ₹225.97

    +1.25% 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)
    56.8x

    P/B 3.8x

  • ROE
    3.0%

    ROCE 10.3%

  • Debt / Equity
    0.17

    Interest cover 28.6x

  • Employee Count
    381

Board of directors of Greaves Cotton Limited (Primepower Engineering)

Greaves Cotton Limited is the primary company behind Primepower Engineering. 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 yrs 1 moGreaves Cotton Limited
Ravi Moti Kirpalani
DIN 02613688
Director12 May 20224 yrs 6 moGreaves Cotton Limited
Raja Venkataraman
DIN 00669376
Director09 Feb 20233 yrs 9 moGreaves Cotton Limited
Mangalath Sukumarapanicker Unnikrishnan
DIN 01460245
Director01 Apr 20242 yrs 7 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 7 moGreaves Cotton Limited
Jehangir Ardeshir
DIN 02344835
Director01 Aug 20251 yr 3 moGreaves Cotton Limited

IPO & Listings of Primepower Engineering

Primepower Engineering is a publicly listed company on the NSE with ticker symbol GREAVESCOT in India, operating in the Capital Goods-Non Electrical Equipment 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.

  • Listed onNSE: GREAVESCOT
  • Listed entityGreaves Cotton Limited
  • Exchange sectorCapital Goods-Non Electrical Equipment

Financials of Primepower Engineering

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

Financial Highlights

FY 2025-26 · 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 (₹)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)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,1769741,000875815745823751
Revenue growth (YoY)+44.2%+30.7%+21.6%+16.6%+15.6%+16.5%--
Other income11.1710.9413.108.4210.4318.0412.2817.81
EBITDA40.6156.3352.1942.8648.3056.4145.7439.67
EBITDA margin+3.5%+5.8%+5.2%+4.9%+5.9%+7.6%+5.6%+5.3%
Depreciation53.2228.2127.6827.6026.9526.5625.2725.73
Interest14.4712.019.986.374.834.875.923.15
Profit before tax(15.91)27.0527.6317.3126.9543.0226.8328.60
Tax13.9020.8925.4311.3920.6322.1725.3021.92
Net profit(29.81)6.162.205.926.3220.851.536.68
EPS (₹)0.201.100.961.091.111.421.030.89
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 (₹)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)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue682629698575552541573502
Revenue growth (YoY)+23.7%+16.4%+21.7%+14.5%+18.0%+21.5%--
Other income4.4811.1813.339.179.6812.859.3911.00
Total expenses615559626512477465489436
EBITDA67.4470.8571.5162.5674.5175.8384.3166.55
EBITDA margin+9.9%+11.3%+10.3%+10.9%+13.5%+14.0%+14.7%+13.3%
Depreciation14.4414.0213.1312.6912.0311.7810.4711.27
Interest1.521.011.010.670.630.520.290.37
Profit before tax55.9667.0070.7058.3771.5376.3882.9465.91
Tax14.6517.1622.9515.2718.9419.7421.1316.96

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,1769741,000875815745823751
Revenue growth (YoY)+44.2%+30.7%+21.6%+16.6%+15.6%+16.5%--
Other income11.1710.9413.108.4210.4318.0412.2817.81
EBITDA40.6156.3352.1942.8648.3056.4145.7439.67
EBITDA margin+3.5%+5.8%+5.2%+4.9%+5.9%+7.6%+5.6%+5.3%
Depreciation53.2228.2127.6827.6026.9526.5625.2725.73
Interest14.4712.019.986.374.834.875.923.15
Profit before tax(15.91)27.0527.6317.3126.9543.0226.8328.60
Tax13.9020.8925.4311.3920.6322.1725.3021.92
Net profit(29.81)6.162.205.926.3220.851.536.68
EPS (₹)0.201.100.961.091.111.421.030.89
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 (₹)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 (₹)4.602.51(5.83)3.37(1.52)(0.81)5.59
Dividend per share (₹)2.002.002.000.900.200.200.00
Book value per share (₹)61.4360.4662.0868.4932.3733.8534.55
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue682629698575552541573502
Revenue growth (YoY)+23.7%+16.4%+21.7%+14.5%+18.0%+21.5%--
Other income4.4811.1813.339.179.6812.859.3911.00
Total expenses615559626512477465489436
EBITDA67.4470.8571.5162.5674.5175.8384.3166.55
EBITDA margin+9.9%+11.3%+10.3%+10.9%+13.5%+14.0%+14.7%+13.3%
Depreciation14.4414.0213.1312.6912.0311.7810.4711.27
Interest1.521.011.010.670.630.520.290.37
Profit before tax55.9667.0070.7058.3771.5376.3882.9465.91
Tax14.6517.1622.9515.2718.9419.7421.1316.96
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 (₹)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 (₹)8.597.9912.264.971.170.456.38
Dividend per share (₹)2.002.002.000.900.200.200.00
Book value per share (₹)69.4962.5956.6445.1340.1638.9738.42

Competitors of Primepower Engineering

Primepower Engineering has 3 listed competitors in our database, 1 of them funded. They include Nessa, Borosil Renewables and Servoteh.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Nessa
nessa.in2008Ahmedabad, India$95,27784
Offers solar consumer goods
Borosil Renewables
borosilrenewables.com1962Mumbai, India762
Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
Servoteh
servotech.in2004Delhi, India178
Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
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Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as Primepower Engineering (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Husk Power Systems
Hybrid renewable energy solutions are provided for rural communities.
2008Patna, Bihar, IndiaUSD 73.99 MUSD 3.46 M294
CleanMax
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Waaree Energies
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Frequently Asked Questions about Primepower Engineering

Primepower Engineering was founded in 2010.

Primepower Engineering is headquartered in Malappuram, India. It is registered at Malappuram, Kerala, India.

Primepower Engineering has 381 employees.

The primary company behind Primepower Engineering, Greaves Cotton Limited, reported revenue of ₹3,487 Cr for FY 2026, up 18% year on year.

Primepower Engineering, established in 2010, excels in working in the energy sector, promoting renewable energy, solar power, and product manufacturing. Manufactures solar-powered products, including panels and energy systems. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.

Primepower Engineering's top competitors include Servoteh, Borosil Renewables and Nessa.

Yes, Primepower Engineering is publicly traded on NSE under the ticker symbol GREAVESCOT.

Primepower Engineering operates through Greaves Cotton Limited.

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

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