About Greaves Cotton Limited
Data last updated: 11 January 2026
Greaves Cotton Limited is a public limited company based in Aurangabad, Maharashtra, India, a subsidiary of Dbh Investment Capital India Private Limited. It specialises in electrical and bio fuel vehicles, a part of the broader automotive sector. Incorporated on 29 March 1922, the company has been in operation for over 104 years.
Registered with ROC Mumbai under CIN L99999MH1922PLC000987. Listed on BSE: 501455 and NSE: GREAVESCOT.
Capital: an authorised share capital of ₹75 Cr and a paid-up capital of ₹46.57 Cr. Formerly known as Greaves Cotton & Co Limited. It is led by directors including Ravi Moti Kirpalani and Parag Parshuram Satpute.
Last AGM: 30 July 2025. Financial statements filed for year ended 31 March 2025. Office: J – 2 Midc Industrial Area Chikalthana, Aurangabad, Maharashtra, India – 431210.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,973.1 Cr, a growth of 10% compared to the previous year.
The company has a workforce of approximately 381 employees as per the latest available data. It operates as a subsidiary of Dbh Investment Capital India Private Limited. Its group structure includes 6 subsidiaries.
The company is associated with 8 brands, including Autoevmart, Greaves Finance, Primepower Engineering, Evfin, Ampere Vehicles among others. As per MCA filings, the company has open charges of ₹83 Cr and satisfied charges of ₹634.95 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greavescotton.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressJ – 2 Midc Industrial Area Chikalthana, Aurangabad, Maharashtra, India – 431210
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IndustryAutomotive, Electrical and Bio Fuel Vehicles
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Greaves Cotton Limited
Greaves Cotton Limited has one previous CIN (Corporate Identification Number): U99999MH1922PLC000987. The current CIN is L99999MH1922PLC000987, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1922PLC000987 | Current |
| U99999MH1922PLC000987 | Previous |
Associated Brands with Greaves Cotton Limited
Greaves Cotton Limited operates multiple associated brands including AutoEVMart, Greaves Finance, and Primepower Engineering. These brands represent Greaves Cotton Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| A multi-brand retail store offering curated electric vehicles for a sustainable future. | autoevmart.com | |
| Offers personalized finance solutions for electric vehicle purchases and ownership in India. | greavesfinance.com | |
| Manufactures solar-powered products, including panels and energy systems. | primepowereng.com | |
| Offers tailored financing solutions for electric vehicle purchases and ownership. | evfin.co | |
| Platform offering electric mobility solutions | amperevehicles.com | |
| Manufacturer of electric two and three-wheelers for personal and commercial use | greaveselectricmobility.com | |
| Mobility solutions, internal combustion engines, and engineering products are manufactured. | greavescotton.com | |
| Motion control systems and components are manufactured for diverse industries. | excelcontrolinkage.com |
Competitors & Alternatives of Greaves Cotton Limited
Brands and companies operating in the same space as Greaves Cotton Limited include Ather Energy, Cummins, Fisker and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Ather Energy
|
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | Bengaluru, India, India | 2013 |
Cummins
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Manufacturer of gas-powered construction equipment | United States | 1919 |
Fisker
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Electric vehicles are manufactured and leased by Fisker Inc. | Los Angeles, United States, United States | 2007 |
Ola Electric
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Electric scooters and motorcycles are manufactured with related accessories. | Bengaluru, India, India | 2017 |
Hinduja Leyland Finance
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Vehicle and housing finance products are offered across India. | Chennai, India, India | 2008 |
Tesla
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Electric vehicles and solar energy products are manufactured. | Austin, United States, United States | 2003 |
BGauss
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Retailer of electric scooters offering test rides, maintenance, and financing | Mumbai, India, India | 2020 |
Valeo
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Automotive products and services are supplied globally to automakers. | Paris, France, France | 1923 |
CreditWise Capital
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Provider of loans and vehicle-related services via digital platforms | Mumbai, India, India | 2018 |
Bajaj Auto Finance
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Auto finance loans are provided for two-wheelers, three-wheelers, and cars. | Pune, India, India | 1987 |
Business Activity of Greaves Cotton Limited
Greaves Cotton Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | ********* |
Auditor Details of Greaves Cotton Limited
Greaves Cotton Limited is audited by Price Waterhouse Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Greaves Cotton Limited
Greaves Cotton Limited is currently managed by 13 directors, with 37 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Moti Kirpalani | Director | 12 May 2022 | 4 Years 1 Months | Current |
| Parag Parshuram Satpute | Ceo | 14 Apr 2025 | 1 Years 2 Months | Current |
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Akhila Balachandar
Also directs:
Greaves Technologies Limited, Greaves Finance Limited
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Cfo | 13 Jun 2023 | 3 Years 0 Months | Current |
| Fredrick Pinto | Deputy Nodal Officer | 15 Nov 2021 | 4 Years 7 Months | Current |
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Atindra Nath Basu
Also directs:
Greaves Finance Limited
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Nodal Officer | 07 Nov 2019 | 6 Years 8 Months | Current |
| Kavita Nair | Director | 23 Jan 2025 | 1 Years 5 Months | Current |
Financials of Greaves Cotton Limited FY 2026 filings available
Greaves Cotton Limited reported revenue of ₹3,436.62 Cr (up 17.76% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3,436.62 Cr | ₹2,918.44 Cr | ₹2,633.19 Cr | ₹2,699.45 Cr | ₹1,709.7 Cr | ₹1,500.4 Cr | ₹1,910.96 Cr |
| Other Income | ₹49.99 Cr | ₹54.66 Cr | ₹64.76 Cr | ₹67.14 Cr | ₹22.35 Cr | ₹8.33 Cr | ₹20.16 Cr |
| Total Income | ₹3,486.61 Cr | ₹2,973.1 Cr | ₹2,697.95 Cr | ₹2,766.59 Cr | ₹1,732.05 Cr | ₹1,508.73 Cr | ₹1,931.12 Cr |
| Cost of Materials Consumed | ₹2,136.87 Cr | ₹1,853.64 Cr | ₹1,687.89 Cr | ₹1,885.5 Cr | ₹1,160.13 Cr | ₹954.07 Cr | ₹1,188.6 Cr |
| Purchases of Stock-in-Trade | ₹141.38 Cr | ₹168.77 Cr | ₹130.57 Cr | ₹112.62 Cr | ₹92.63 Cr | ₹94.8 Cr | ₹158.47 Cr |
| Changes in Inventories | ₹24.79 Cr | -₹34.85 Cr | -₹19.05 Cr | -₹28.08 Cr | ₹6.24 Cr | ₹31.02 Cr | -₹29.51 Cr |
| Employee Benefit Expense | ₹374.53 Cr | ₹325.26 Cr | ₹311.18 Cr | ₹211.91 Cr | ₹169.62 Cr | ₹141.86 Cr | ₹172.61 Cr |
| Finance Costs | ₹26.05 Cr | ₹16.28 Cr | ₹9.23 Cr | ₹11.69 Cr | ₹5.34 Cr | ₹6.93 Cr | ₹5.07 Cr |
| Depreciation & Amortisation | ₹108.79 Cr | ₹103.48 Cr | ₹84.39 Cr | ₹56.68 Cr | ₹58.73 Cr | ₹60.43 Cr | ₹60.94 Cr |
| Other Expenses | ₹519.95 Cr | ₹469.89 Cr | ₹431.11 Cr | ₹384.12 Cr | ₹253.88 Cr | ₹198.95 Cr | ₹210.66 Cr |
| Total Expenses | ₹3,332.36 Cr | ₹2,902.47 Cr | ₹2,635.32 Cr | ₹2,634.44 Cr | ₹1,746.57 Cr | ₹1,488.06 Cr | ₹1,766.84 Cr |
| Profit Before Exceptional Items & Tax | ₹154.25 Cr | ₹70.63 Cr | ₹62.63 Cr | ₹132.15 Cr | -₹14.52 Cr | ₹20.67 Cr | ₹164.28 Cr |
| Exceptional Items | -₹39.34 Cr | ₹1.87 Cr | -₹334.83 Cr | -₹12.5 Cr | -₹2.31 Cr | -₹34.46 Cr | ₹4.71 Cr |
| Profit Before Tax | ₹114.91 Cr | ₹72.5 Cr | -₹272.2 Cr | ₹119.65 Cr | -₹16.83 Cr | -₹13.79 Cr | ₹168.99 Cr |
| Total Tax Expense | ₹79.62 Cr | ₹78.78 Cr | ₹94.17 Cr | ₹43.06 Cr | ₹15.97 Cr | ₹4.99 Cr | ₹41.72 Cr |
| Net Profit | ₹35.29 Cr | -₹6.28 Cr | -₹367.27 Cr | ₹69.75 Cr | -₹35.3 Cr | -₹18.78 Cr | ₹127.27 Cr |
| attributable to Owners | ₹107.14 Cr | ₹58.4 Cr | -₹135.27 Cr | ₹78.03 Cr | -₹35.3 Cr | -₹18.78 Cr | ₹129.17 Cr |
| attributable to NCI | -₹71.85 Cr | -₹64.68 Cr | -₹232 Cr | -₹8.28 Cr | ₹0 | ₹0 | -₹1.9 Cr |
| Other Comprehensive Income | ₹64 Lakh | ₹45 Lakh | -₹60 Lakh | ₹1.74 Cr | ₹2.07 Cr | ₹98 Lakh | ₹1.2 Cr |
| Total Comprehensive Income | ₹35.93 Cr | -₹5.83 Cr | -₹367.87 Cr | ₹71.49 Cr | -₹33.23 Cr | -₹17.8 Cr | ₹128.47 Cr |
| EBITDA (computed) | ₹289.09 Cr | ₹190.39 Cr | ₹156.25 Cr | ₹200.52 Cr | ₹49.55 Cr | ₹88.03 Cr | ₹230.29 Cr |
| Basic EPS | ₹4.60 | ₹2.51 | ₹-5.83 | ₹3.37 | ₹-1.53 | ₹-0.81 | ₹5.40 |
| Diluted EPS | ₹4.56 | ₹2.50 | ₹-5.83 | ₹3.35 | ₹-1.53 | ₹-0.81 | ₹5.40 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹2,893.8 Cr | ₹2,551.61 Cr | ₹2,464.39 Cr | ₹2,724.43 Cr |
| Non-current Assets | ₹1,156.61 Cr | ₹1,095.89 Cr | ₹1,277.92 Cr | ₹1,087.97 Cr |
| Current Assets | ₹1,737.19 Cr | ₹1,455.72 Cr | ₹1,186.47 Cr | ₹1,623.39 Cr |
| Property, Plant & Equipment | ₹450.9 Cr | ₹404.31 Cr | ₹377.26 Cr | ₹250.73 Cr |
| Inventories | ₹314.32 Cr | ₹335.54 Cr | ₹276.12 Cr | ₹214.95 Cr |
| Trade Receivables | ₹344.81 Cr | ₹334.46 Cr | ₹236.4 Cr | ₹166.15 Cr |
| Cash & Equivalents | ₹190.93 Cr | ₹135.03 Cr | ₹147.82 Cr | ₹86.43 Cr |
| Equity (Net Worth) | ₹1,514.02 Cr | ₹1,585.25 Cr | ₹1,674.16 Cr | ₹1,967.56 Cr |
| Equity Share Capital | ₹46.58 Cr | ₹46.5 Cr | ₹46.4 Cr | ₹46.33 Cr |
| Borrowings (Non-current) | ₹275.58 Cr | ₹0 | ₹27 Lakh | ₹0 |
| Borrowings (Current) | ₹50.48 Cr | ₹53.26 Cr | ₹49.07 Cr | ₹3.39 Cr |
| Total Debt (computed) | ₹326.06 Cr | ₹53.26 Cr | ₹49.34 Cr | ₹3.39 Cr |
| Current Liabilities | ₹932.11 Cr | ₹861 Cr | ₹689.99 Cr | ₹712.99 Cr |
| Total Liabilities | ₹1,379.78 Cr | ₹966.36 Cr | ₹790.23 Cr | ₹756.87 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹32.58 Cr | -₹22.52 Cr | -₹153.04 Cr | -₹135.16 Cr | -₹62.77 Cr |
| Investing Cash Flow | -₹99.46 Cr | ₹49.71 Cr | ₹232.42 Cr | -₹757.68 Cr | -₹231.62 Cr |
| Financing Cash Flow | ₹122.78 Cr | -₹39.98 Cr | -₹32.01 Cr | ₹888.59 Cr | ₹210.01 Cr |
| Capital Expenditure | ₹36.54 Cr | ₹42.25 Cr | ₹103.53 Cr | ₹235.08 Cr | ₹65.95 Cr |
| Free Cash Flow (computed) | -₹3.96 Cr | -₹64.77 Cr | -₹256.57 Cr | -₹370.24 Cr | -₹128.72 Cr |
| Dividends Paid | ₹46.56 Cr | ₹46.5 Cr | ₹20.88 Cr | ₹4.63 Cr | ₹4.64 Cr |
| Net Change in Cash | ₹55.9 Cr | -₹12.79 Cr | ₹47.37 Cr | -₹4.25 Cr | -₹84.38 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,000.26 Cr | ₹875.47 Cr | ₹815.46 Cr | ₹745.43 Cr | ₹822.83 Cr | ₹750.6 Cr | ₹705.31 Cr | ₹639.7 Cr | ₹672.53 Cr | ₹665.38 Cr | ₹726.69 Cr | ₹568.59 Cr |
| Other Income | ₹13.1 Cr | ₹8.42 Cr | ₹10.43 Cr | ₹18.04 Cr | ₹12.28 Cr | ₹11.64 Cr | ₹13.78 Cr | ₹16.96 Cr | ₹13.39 Cr | ₹14.42 Cr | ₹15.44 Cr | ₹21.51 Cr |
| Total Income | ₹1,013.36 Cr | ₹883.89 Cr | ₹825.89 Cr | ₹763.47 Cr | ₹835.11 Cr | ₹762.24 Cr | ₹719.09 Cr | ₹656.66 Cr | ₹685.92 Cr | ₹679.8 Cr | ₹742.13 Cr | ₹590.1 Cr |
| Cost of Materials Consumed | ₹618.13 Cr | ₹548.94 Cr | ₹521.47 Cr | ₹448.33 Cr | ₹499.2 Cr | ₹493.34 Cr | ₹465.87 Cr | ₹395.23 Cr | ₹390.18 Cr | ₹392.31 Cr | ₹482.48 Cr | ₹422.92 Cr |
| Purchases of Stock-in-Trade | ₹34.13 Cr | ₹38.06 Cr | ₹33.94 Cr | ₹35.25 Cr | ₹67.58 Cr | ₹34.02 Cr | ₹35.3 Cr | ₹31.87 Cr | ₹34.63 Cr | ₹34.09 Cr | ₹34.65 Cr | ₹27.2 Cr |
| Changes in Inventories | ₹43.17 Cr | -₹2.81 Cr | -₹15.88 Cr | ₹31 Lakh | ₹51 Lakh | -₹24.71 Cr | -₹14.67 Cr | ₹4.02 Cr | ₹28.79 Cr | ₹13.54 Cr | -₹13.64 Cr | -₹47.74 Cr |
| Employee Benefit Expense | ₹89.75 Cr | ₹93.85 Cr | ₹100.72 Cr | ₹90.21 Cr | ₹80.38 Cr | ₹85.78 Cr | ₹84.55 Cr | ₹74.55 Cr | ₹84.31 Cr | ₹82.38 Cr | ₹72.58 Cr | ₹71.91 Cr |
| Finance Costs | ₹9.98 Cr | ₹6.37 Cr | ₹4.83 Cr | ₹4.87 Cr | ₹5.92 Cr | ₹3.15 Cr | ₹4.27 Cr | ₹2.94 Cr | ₹3.04 Cr | ₹2.27 Cr | ₹2.21 Cr | ₹1.71 Cr |
| Depreciation & Amortisation | ₹27.68 Cr | ₹27.6 Cr | ₹26.95 Cr | ₹26.56 Cr | ₹25.27 Cr | ₹25.73 Cr | ₹26.43 Cr | ₹26.05 Cr | ₹28.18 Cr | ₹20.33 Cr | ₹19.15 Cr | ₹16.73 Cr |
| Other Expenses | ₹146.91 Cr | ₹135.31 Cr | ₹123.33 Cr | ₹114.4 Cr | ₹129.42 Cr | ₹122.5 Cr | ₹111.23 Cr | ₹106.74 Cr | ₹110.88 Cr | ₹107.7 Cr | ₹104.72 Cr | ₹107.81 Cr |
| Total Expenses | ₹969.75 Cr | ₹847.32 Cr | ₹795.36 Cr | ₹719.93 Cr | ₹808.28 Cr | ₹739.81 Cr | ₹712.98 Cr | ₹641.4 Cr | ₹680.01 Cr | ₹652.62 Cr | ₹702.15 Cr | ₹600.54 Cr |
| Profit Before Exceptional Items & Tax | ₹43.61 Cr | ₹36.57 Cr | ₹30.53 Cr | ₹43.54 Cr | ₹26.83 Cr | ₹22.43 Cr | ₹6.11 Cr | ₹15.26 Cr | ₹5.91 Cr | ₹27.18 Cr | ₹39.98 Cr | -₹10.44 Cr |
| Exceptional Items | -₹15.98 Cr | -₹19.26 Cr | -₹3.58 Cr | -₹52 Lakh | ₹0 | ₹6.17 Cr | -₹4.3 Cr | ₹0 | -₹2.42 Cr | ₹47.16 Cr | -₹380.5 Cr | ₹93 Lakh |
| Profit Before Tax | ₹27.63 Cr | ₹17.31 Cr | ₹26.95 Cr | ₹43.02 Cr | ₹26.83 Cr | ₹28.6 Cr | ₹1.81 Cr | ₹15.26 Cr | ₹3.49 Cr | ₹74.34 Cr | -₹340.52 Cr | -₹9.51 Cr |
| Total Tax Expense | ₹25.43 Cr | ₹11.39 Cr | ₹20.63 Cr | ₹22.17 Cr | ₹25.3 Cr | ₹21.92 Cr | ₹16.14 Cr | ₹15.42 Cr | ₹16.84 Cr | ₹28.74 Cr | ₹34.07 Cr | ₹14.52 Cr |
| Net Profit | ₹2.2 Cr | ₹5.92 Cr | ₹6.32 Cr | ₹20.85 Cr | ₹1.53 Cr | ₹6.68 Cr | -₹14.33 Cr | -₹16 Lakh | -₹13.35 Cr | ₹45.6 Cr | -₹374.59 Cr | -₹24.93 Cr |
| attributable to Owners | ₹22.54 Cr | ₹25.5 Cr | ₹26.01 Cr | ₹33.09 Cr | ₹24.05 Cr | ₹20.81 Cr | ₹3.22 Cr | ₹10.32 Cr | ₹2.56 Cr | ₹58.03 Cr | -₹190.78 Cr | -₹5.08 Cr |
| attributable to NCI | -₹20.34 Cr | -₹19.58 Cr | -₹19.69 Cr | -₹12.24 Cr | -₹22.52 Cr | -₹14.13 Cr | -₹17.55 Cr | -₹10.48 Cr | -₹15.91 Cr | -₹12.43 Cr | -₹183.81 Cr | -₹19.85 Cr |
| Other Comprehensive Income | ₹82 Lakh | ₹1.42 Cr | -₹78 Lakh | -₹82 Lakh | ₹19 Lakh | ₹19 Lakh | ₹35 Lakh | -₹28 Lakh | -₹39 Lakh | ₹11 Lakh | -₹62 Lakh | ₹30 Lakh |
| Total Comprehensive Income | ₹3.02 Cr | ₹7.34 Cr | ₹5.54 Cr | ₹20.03 Cr | ₹1.72 Cr | ₹6.87 Cr | -₹13.98 Cr | -₹44 Lakh | -₹13.74 Cr | ₹45.71 Cr | -₹375.21 Cr | -₹24.63 Cr |
| EBITDA (computed) | ₹81.27 Cr | ₹70.54 Cr | ₹62.31 Cr | ₹74.97 Cr | ₹58.02 Cr | ₹51.31 Cr | ₹36.81 Cr | ₹44.25 Cr | ₹37.13 Cr | ₹49.78 Cr | ₹61.34 Cr | ₹8 Cr |
| Basic EPS | ₹0.97 | ₹1.10 | ₹1.12 | ₹1.42 | ₹1.03 | ₹0.90 | ₹0.14 | ₹0.44 | ₹0.11 | ₹2.50 | ₹-8.22 | ₹-0.22 |
| Diluted EPS | ₹0.96 | ₹1.09 | ₹1.11 | ₹1.42 | ₹1.03 | ₹0.89 | ₹0.14 | ₹0.44 | ₹0.11 | ₹2.48 | ₹-8.22 | ₹-0.22 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| a. Engines | ₹668.1 Cr | ₹87.68 Cr | ₹1,226.92 Cr | ₹486.17 Cr |
| b. Electric Mobility & Other Vehicles | ₹225.73 Cr | -₹49 Cr | ₹638.35 Cr | ₹466.09 Cr |
| c. Cables & Control Levers | ₹71.43 Cr | ₹13.98 Cr | ₹488.93 Cr | ₹34.19 Cr |
| d. Others | ₹49.44 Cr | -₹7 Lakh | ₹375.98 Cr | ₹217.78 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| a. Engines | ₹2,241.39 Cr | ₹376.59 Cr | - | - |
| b. Electric Mobility & Other Vehicles | ₹786.19 Cr | -₹182.01 Cr | - | - |
| c. Cables & Control Levers | ₹252.06 Cr | ₹53.75 Cr | - | - |
| d. Others | ₹210.63 Cr | -₹7.99 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,364.56 Cr | ₹1,988.02 Cr | ₹1,778.59 Cr | ₹1,549.76 Cr | ₹1,177.59 Cr | ₹1,329.06 Cr |
| Other Income | ₹45.03 Cr | ₹39.38 Cr | ₹38.29 Cr | ₹42.53 Cr | ₹31.59 Cr | ₹10.04 Cr |
| Total Income | ₹2,409.59 Cr | ₹2,027.4 Cr | ₹1,816.88 Cr | ₹1,592.29 Cr | ₹1,209.18 Cr | ₹1,339.1 Cr |
| Cost of Materials Consumed | ₹1,446.57 Cr | ₹1,225.14 Cr | ₹1,073.37 Cr | ₹994.32 Cr | ₹741.88 Cr | ₹817.74 Cr |
| Purchases of Stock-in-Trade | ₹107.39 Cr | ₹136.09 Cr | ₹130.26 Cr | ₹112.62 Cr | ₹92.63 Cr | ₹95.44 Cr |
| Changes in Inventories | ₹20.84 Cr | -₹25 Cr | ₹7.76 Cr | -₹7.4 Cr | ₹8.23 Cr | ₹28.19 Cr |
| Employee Benefit Expense | ₹186.52 Cr | ₹169.66 Cr | ₹142.49 Cr | ₹115.24 Cr | ₹130.83 Cr | ₹127.09 Cr |
| Finance Costs | ₹2.83 Cr | ₹1.69 Cr | ₹1.77 Cr | ₹2.11 Cr | ₹1.96 Cr | ₹5.63 Cr |
| Depreciation & Amortisation | ₹49.63 Cr | ₹45.69 Cr | ₹41.01 Cr | ₹38.1 Cr | ₹42.43 Cr | ₹48.41 Cr |
| Other Expenses | ₹283.52 Cr | ₹222.1 Cr | ₹193.2 Cr | ₹183.57 Cr | ₹159.28 Cr | ₹163.67 Cr |
| Total Expenses | ₹2,097.3 Cr | ₹1,775.37 Cr | ₹1,589.86 Cr | ₹1,438.56 Cr | ₹1,177.24 Cr | ₹1,286.17 Cr |
| Profit Before Exceptional Items & Tax | ₹312.29 Cr | ₹252.03 Cr | ₹227.02 Cr | ₹153.73 Cr | ₹31.94 Cr | ₹52.93 Cr |
| Exceptional Items | -₹35.31 Cr | -₹2.05 Cr | ₹138.7 Cr | ₹6.99 Cr | ₹7.33 Cr | -₹34.46 Cr |
| Profit Before Tax | ₹276.98 Cr | ₹249.98 Cr | ₹365.72 Cr | ₹160.72 Cr | ₹39.27 Cr | ₹18.47 Cr |
| Total Tax Expense | ₹76.91 Cr | ₹64.11 Cr | ₹81.36 Cr | ₹45.62 Cr | ₹12.19 Cr | ₹8.11 Cr |
| Net Profit | ₹200.07 Cr | ₹185.87 Cr | ₹284.36 Cr | ₹115.1 Cr | ₹27.08 Cr | ₹10.36 Cr |
| Other Comprehensive Income | ₹59 Lakh | -₹3 Lakh | -₹17 Lakh | ₹85 Lakh | ₹2.01 Cr | ₹97 Lakh |
| Total Comprehensive Income | ₹200.66 Cr | ₹185.84 Cr | ₹284.19 Cr | ₹115.95 Cr | ₹29.09 Cr | ₹11.33 Cr |
| EBITDA (computed) | ₹364.75 Cr | ₹299.41 Cr | ₹269.8 Cr | ₹193.94 Cr | ₹76.33 Cr | ₹106.97 Cr |
| Basic EPS | ₹8.59 | ₹8.00 | ₹12.26 | ₹4.97 | ₹1.17 | ₹0.45 |
| Diluted EPS | ₹8.52 | ₹7.96 | ₹12.18 | ₹4.94 | ₹1.16 | ₹0.45 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹2,282.51 Cr | ₹1,966.92 Cr | ₹1,759.6 Cr | ₹1,505.85 Cr |
| Non-current Assets | ₹1,288.52 Cr | ₹1,054.28 Cr | ₹879.9 Cr | ₹1,071.24 Cr |
| Current Assets | ₹993.99 Cr | ₹912.64 Cr | ₹879.7 Cr | ₹421.54 Cr |
| Property, Plant & Equipment | ₹248.98 Cr | ₹193.73 Cr | ₹190.04 Cr | ₹177.58 Cr |
| Inventories | ₹196.56 Cr | ₹205.23 Cr | ₹138.03 Cr | ₹153.98 Cr |
| Trade Receivables | ₹284.57 Cr | ₹285.67 Cr | ₹201.08 Cr | ₹159.92 Cr |
| Cash & Equivalents | ₹140.05 Cr | ₹107.99 Cr | ₹100.01 Cr | ₹34.38 Cr |
| Equity (Net Worth) | ₹1,618.5 Cr | ₹1,455.12 Cr | ₹1,314.1 Cr | ₹1,045.55 Cr |
| Equity Share Capital | ₹46.58 Cr | ₹46.5 Cr | ₹46.4 Cr | ₹46.33 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 | ₹0 |
| Current Liabilities | ₹541.31 Cr | ₹460.28 Cr | ₹401.64 Cr | ₹430.2 Cr |
| Total Liabilities | ₹664.01 Cr | ₹511.8 Cr | ₹445.5 Cr | ₹460.3 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹347.57 Cr | ₹111.78 Cr | ₹183.89 Cr | ₹141.05 Cr | ₹24.26 Cr |
| Investing Cash Flow | -₹171.12 Cr | -₹50 Cr | -₹90.78 Cr | -₹164.32 Cr | -₹114.68 Cr |
| Financing Cash Flow | -₹144.39 Cr | -₹53.8 Cr | -₹27.48 Cr | -₹10.76 Cr | -₹11.69 Cr |
| Capital Expenditure | ₹32.96 Cr | ₹29.41 Cr | ₹36.54 Cr | ₹29.1 Cr | ₹27.98 Cr |
| Free Cash Flow (computed) | ₹314.61 Cr | ₹82.37 Cr | ₹147.35 Cr | ₹111.95 Cr | -₹3.72 Cr |
| Dividends Paid | ₹46.56 Cr | ₹46.5 Cr | ₹20.88 Cr | ₹4.63 Cr | ₹4.62 Cr |
| Net Change in Cash | ₹32.06 Cr | ₹7.98 Cr | ₹65.63 Cr | -₹34.04 Cr | -₹102.11 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹697.55 Cr | ₹574.81 Cr | ₹551.66 Cr | ₹540.54 Cr | ₹573.41 Cr | ₹502.22 Cr | ₹467.52 Cr | ₹444.87 Cr | ₹481.3 Cr | ₹442.76 Cr | ₹458.58 Cr | ₹395.95 Cr |
| Other Income | ₹13.33 Cr | ₹9.17 Cr | ₹9.68 Cr | ₹12.85 Cr | ₹9.39 Cr | ₹8.65 Cr | ₹9.71 Cr | ₹11.63 Cr | ₹10.93 Cr | ₹9.26 Cr | ₹8.4 Cr | ₹9.7 Cr |
| Total Income | ₹710.88 Cr | ₹583.98 Cr | ₹561.34 Cr | ₹553.39 Cr | ₹582.8 Cr | ₹510.87 Cr | ₹477.23 Cr | ₹456.5 Cr | ₹492.23 Cr | ₹452.02 Cr | ₹466.98 Cr | ₹405.65 Cr |
| Cost of Materials Consumed | ₹429.46 Cr | ₹336.97 Cr | ₹342.05 Cr | ₹338.09 Cr | ₹353.22 Cr | ₹315.02 Cr | ₹289.55 Cr | ₹267.35 Cr | ₹275.79 Cr | ₹266.99 Cr | ₹281.42 Cr | ₹249.17 Cr |
| Purchases of Stock-in-Trade | ₹28.26 Cr | ₹26 Cr | ₹26.31 Cr | ₹26.82 Cr | ₹35.01 Cr | ₹33.98 Cr | ₹35.24 Cr | ₹31.86 Cr | ₹34.36 Cr | ₹34.09 Cr | ₹34.65 Cr | ₹27.16 Cr |
| Changes in Inventories | ₹25.24 Cr | ₹15.6 Cr | -₹5.6 Cr | -₹14.4 Cr | -₹2.17 Cr | -₹13.94 Cr | -₹8.44 Cr | -₹45 Lakh | ₹19.68 Cr | -₹4.73 Cr | -₹62 Lakh | -₹6.57 Cr |
| Employee Benefit Expense | ₹45.43 Cr | ₹46.05 Cr | ₹46.76 Cr | ₹48.28 Cr | ₹40.47 Cr | ₹43.39 Cr | ₹41.86 Cr | ₹43.94 Cr | ₹38.27 Cr | ₹35.66 Cr | ₹35.07 Cr | ₹33.49 Cr |
| Finance Costs | ₹1.01 Cr | ₹67 Lakh | ₹63 Lakh | ₹52 Lakh | ₹29 Lakh | ₹37 Lakh | ₹37 Lakh | ₹66 Lakh | ₹42 Lakh | ₹57 Lakh | ₹39 Lakh | ₹39 Lakh |
| Depreciation & Amortisation | ₹13.13 Cr | ₹12.69 Cr | ₹12.03 Cr | ₹11.78 Cr | ₹10.47 Cr | ₹11.27 Cr | ₹12.1 Cr | ₹11.85 Cr | ₹11.43 Cr | ₹10.51 Cr | ₹9.68 Cr | ₹9.39 Cr |
| Other Expenses | ₹81.67 Cr | ₹71.88 Cr | ₹64.05 Cr | ₹65.92 Cr | ₹62.57 Cr | ₹57.22 Cr | ₹50.31 Cr | ₹52 Cr | ₹56.97 Cr | ₹43.66 Cr | ₹44.49 Cr | ₹48.08 Cr |
| Total Expenses | ₹624.2 Cr | ₹509.86 Cr | ₹486.23 Cr | ₹477.01 Cr | ₹499.86 Cr | ₹447.31 Cr | ₹420.99 Cr | ₹407.21 Cr | ₹436.92 Cr | ₹386.75 Cr | ₹405.08 Cr | ₹361.11 Cr |
| Profit Before Exceptional Items & Tax | ₹86.68 Cr | ₹74.12 Cr | ₹75.11 Cr | ₹76.38 Cr | ₹82.94 Cr | ₹63.56 Cr | ₹56.24 Cr | ₹49.29 Cr | ₹55.31 Cr | ₹65.27 Cr | ₹61.9 Cr | ₹44.54 Cr |
| Exceptional Items | -₹15.98 Cr | -₹15.75 Cr | -₹3.58 Cr | ₹0 | ₹0 | ₹2.35 Cr | -₹4.4 Cr | ₹0 | -₹1.21 Cr | ₹47.16 Cr | ₹91.82 Cr | ₹93 Lakh |
| Profit Before Tax | ₹70.7 Cr | ₹58.37 Cr | ₹71.53 Cr | ₹76.38 Cr | ₹82.94 Cr | ₹65.91 Cr | ₹51.84 Cr | ₹49.29 Cr | ₹54.1 Cr | ₹112.43 Cr | ₹153.72 Cr | ₹45.47 Cr |
| Total Tax Expense | ₹22.95 Cr | ₹15.27 Cr | ₹18.94 Cr | ₹19.74 Cr | ₹21.13 Cr | ₹16.96 Cr | ₹13.28 Cr | ₹12.74 Cr | ₹14.63 Cr | ₹24.73 Cr | ₹30.32 Cr | ₹11.68 Cr |
| Net Profit | ₹47.75 Cr | ₹43.1 Cr | ₹52.59 Cr | ₹56.64 Cr | ₹61.81 Cr | ₹48.95 Cr | ₹38.56 Cr | ₹36.55 Cr | ₹39.47 Cr | ₹87.7 Cr | ₹123.4 Cr | ₹33.79 Cr |
| Other Comprehensive Income | ₹45 Lakh | ₹13 Lakh | ₹40 Lakh | -₹39 Lakh | ₹0 | ₹24 Lakh | ₹15 Lakh | -₹42 Lakh | ₹14 Lakh | ₹16 Lakh | -₹72 Lakh | ₹25 Lakh |
| Total Comprehensive Income | ₹48.2 Cr | ₹43.23 Cr | ₹52.99 Cr | ₹56.25 Cr | ₹61.81 Cr | ₹49.19 Cr | ₹38.71 Cr | ₹36.13 Cr | ₹39.61 Cr | ₹87.86 Cr | ₹122.68 Cr | ₹34.04 Cr |
| EBITDA (computed) | ₹100.82 Cr | ₹87.48 Cr | ₹87.77 Cr | ₹88.68 Cr | ₹93.7 Cr | ₹75.2 Cr | ₹68.71 Cr | ₹61.8 Cr | ₹67.16 Cr | ₹76.35 Cr | ₹71.97 Cr | ₹54.32 Cr |
| Basic EPS | ₹2.05 | ₹1.85 | ₹2.26 | ₹2.43 | ₹2.66 | ₹2.11 | ₹1.66 | ₹1.57 | ₹1.70 | ₹3.78 | ₹5.32 | ₹1.46 |
| Diluted EPS | ₹2.03 | ₹1.84 | ₹2.25 | ₹2.42 | ₹2.65 | ₹2.10 | ₹1.65 | ₹1.56 | ₹1.69 | ₹3.75 | ₹5.28 | ₹1.45 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Others | ₹0 | ₹0 | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Others | ₹0 | ₹0 | - | - |
Shareholding Pattern of Greaves Cotton Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 55.78%, foreign institutional investors hold 1.85%, domestic institutional investors hold 3.68%, retail and other public shareholders hold 38.69% of Greaves Cotton Limited. The company had 369,141 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 55.78% | 55.80% | 55.80% | 55.81% | 55.88% | 55.88% |
| Public | 44.22% | 44.20% | 44.20% | 44.19% | 44.12% | 44.12% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 55.78% | 55.88% | 56.00% | 55.74% | 55.55% | 55.63% | 54.82% | 51.90% | 51.00% | 51.00% | 51.00% |
| Public | 44.22% | 44.12% | 44.00% | 44.26% | 44.45% | 44.38% | 45.18% | 48.10% | 49.00% | 49.00% | 49.00% |
| Promoter change (YoY, %pts) | -0.10 | -0.12 | +0.26 | +0.19 | -0.08 | +0.81 | +2.92 | +0.90 | +0.00 | +0.00 | - |
Board & Governance of Greaves Cotton Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Greaves Cotton Limited has 7 directors - 5 independent and 1 executive. The board is chaired by Karan Thapar.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Karan Thapar | Non-Executive - Non Independent Director · Chairperson | 1991-09-29 | 1 |
| Parag Parshuram Satpute | Executive Director · CEO-MD | 2025-04-14 | 1 |
| Ravi Moti Kirpalani | Non-Executive - Independent Director | 2022-05-12 | 2 |
| Raja Venkataraman | Non-Executive - Independent Director | 2023-02-09 | 3 |
| Mangalath Sukumarapanicker Unnikrishnan | Non-Executive - Independent Director | 2024-04-01 | 4 |
| Kavita Nair | Non-Executive - Independent Director | 2025-01-23 | 3 |
| Jehangir Ardeshir | Non-Executive - Independent Director | 2025-08-01 | 3 |
| Committee | Members |
|---|---|
| Audit Committee | Raja Venkataraman (Chairperson), Kavita Nair, Jehangir Ardeshir |
| Nomination and remuneration committee | Ravi Moti Kirpalani (Chairperson), Karan Thapar, Mangalath Sukumarapanicker Unnikrishnan |
| Stakeholders Relationship Committee | Kavita Nair (Chairperson), Ravi Moti Kirpalani, Parag Parshuram Satpute |
| Risk Management Committee | Karan Thapar (Chairperson), Raja Venkataraman, Parag Parshuram Satpute |
| Corporate Social Responsibility Committee | Kavita Nair (Chairperson), Parag Parshuram Satpute, Jehangir Ardeshir |
Group Structure of Greaves Cotton Limited
Greaves Cotton Limited has 6 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Greaves Cotton Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Greaves Technologies Limited | U28920MH1960PLC011788 | - |
| Excel Controlinkage Private Limited | U29130MH1994PTC077836 | - |
| Greaves Finance Limited | U29299MH1958PLC011250 | - |
| Mlr Auto Limited | U34103TG2009PLC062790 | - |
| Greaves Electric Mobility Private Limited | U51900TN2008PTC151470 | - |
| Bestway Agencies Private Limited | U51909DL2004PTC124090 | - |
Showing major subsidiaries. Total: 6.
Charges & Borrowings of Greaves Cotton Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Feb 2023 | Hdfc Bank Limited | ₹41 Cr | Open |
| 20 Feb 2023 | Others | ₹42 Cr | Open |
| 06 Dec 2004 | Standard Chartered Bank | ₹40 Cr | Satisfied |
| 03 Aug 2004 | Rabo India Finance Private Limited | ₹20 Cr | Satisfied |
| 08 Oct 1994 | Syndicate Bank | ₹293.21 Cr | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Greaves Cotton Limited
Greaves Cotton Limited has a workforce of 381 employees as of Apr 10, 2024.
Employee Count & EPFO Data of Greaves Cotton Limited
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GST Compliance of Greaves Cotton Limited
GSTIN & GST Filing Data of Greaves Cotton Limited
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Credit Ratings, Litigation & Regulatory Alerts for Greaves Cotton Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Greaves Cotton Limited
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MSME Payment Delays by Greaves Cotton Limited
MSME Payment Delays by Greaves Cotton Limited
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Subsidiaries & Group Companies of Greaves Cotton Limited
Subsidiaries & Group Companies of Greaves Cotton Limited
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MCA Filings & Documents of Greaves Cotton Limited
MCA Filings & Documents of Greaves Cotton Limited
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Recent Activity on Greaves Cotton Limited
Recent News on Greaves Cotton Limited
Frequently Asked Questions about Greaves Cotton Limited
Greaves Cotton Limited is an active public limited company in the automotive sector based in Aurangabad, Maharashtra, India. It was incorporated on 29 March 1922 (104+ years old) and is registered under CIN L99999MH1922PLC000987. Listed on BSE: 501455 and NSE: GREAVESCOT. The company has 381 employees.
Greaves Cotton Limited reported revenue of ₹2,973.1 Cr for FY 2025 (up 10.00% YoY).
The current directors of Greaves Cotton Limited are:
- Ravi Moti Kirpalani
- Parag Parshuram Satpute
- Akhila Balachandar
- Fredrick Pinto
- Atindra Nath Basu
- Kavita Nair
- Raja Venkataraman
- Unnikrishnan Mangalath Sukumarapanicker
- Jehangir Ardeshir
- Karan Thapar
- Atindra Nath Satyendra Basu
- Atindra Nath Basu
- Parag Parshuram Satpute
The primary industry of Greaves Cotton Limited is automotive. The company specifically operates in electrical and bio fuel vehicles. The company is currently active in this sector.
Yes. Greaves Cotton Limited is listed on both BSE (code: 501455) and NSE (symbol: GREAVESCOT).
Greaves Cotton Limited can be reached at the registered office: J – 2 Midc Industrial Area Chikalthana, Aurangabad, Maharashtra, India – 431210, or through the website greavescotton.com.