Greaves Cotton Ltd
NSE:GREAVESCOT
Greaves Cotton Ltd
Greaves Cotton Ltd. engages in manufacturing and distributing diesel, petrol engines, power generation equipment, power transmission systems, and farm equipment. The company is headquartered in Mumbai, Maharashtra and currently employs 931 full-time employees. The firm is engaged in the manufacturing of engines, engine applications, and trading of power tillers spares related to engines, electric vehicles, and infrastructure equipment. The Company’s operating segments include Engines, Retail, E-mobility, Finance, and Tech services. The Company’s products and services include automotive business, automotive business, greaves retail outlets, greaves retail outlets, and greaves retail outlets. The Automotive Engines offers single cylinder automotive diesel engines, CNG engines, multi-cylinder diesel engines. The Non-Automotive business offers farm equipment such as petrol, kerosene portable engines, portable pump sets, power tiller, reaper, and rotavator. The Greaves Retail outlets offer a One-stop shop for Sales, Service & Spares. The Electric Mobility offers a range of e-scooters. The firm manufacturing facilities in the states of Maharashtra and Tamil Nadu.
Greaves Cotton Ltd. engages in manufacturing and distributing diesel, petrol engines, power generation equipment, power transmission systems, and farm equipment. The company is headquartered in Mumbai, Maharashtra and currently employs 931 full-time employees. The firm is engaged in the manufacturing of engines, engine applications, and trading of power tillers spares related to engines, electric vehicles, and infrastructure equipment. The Company’s operating segments include Engines, Retail, E-mobility, Finance, and Tech services. The Company’s products and services include automotive business, automotive business, greaves retail outlets, greaves retail outlets, and greaves retail outlets. The Automotive Engines offers single cylinder automotive diesel engines, CNG engines, multi-cylinder diesel engines. The Non-Automotive business offers farm equipment such as petrol, kerosene portable engines, portable pump sets, power tiller, reaper, and rotavator. The Greaves Retail outlets offer a One-stop shop for Sales, Service & Spares. The Electric Mobility offers a range of e-scooters. The firm manufacturing facilities in the states of Maharashtra and Tamil Nadu.
Revenue Growth: Greaves Cotton delivered consolidated Q3 FY26 revenue of INR 875 crore, up 17% year-on-year, with broad-based growth across core and investee businesses.
Margin Expansion: Margins improved across both consolidated and stand-alone results, supported by demand and cost optimization.
Electric Mobility Momentum: Electric 2-wheeler volumes grew 40% quarter-on-quarter to over 18,000 units, raising market share to 5% and crossing 2.5 lakh cumulative sales.
Segment Performance: Energy Solutions grew 21% YoY (first 9 months), Mobility Solutions up 15% YoY, and Industrial Solutions up 3% YoY.
Guidance Reaffirmed: Management remains confident in achieving organic growth of 16%–20% CAGR, investing INR 500–700 crore in new technologies and expansion.
IPO Update: Greaves Electric Mobility's IPO DRHP is approved, with a primary issue of INR 1,000 crore to fund growth; launch timelines not yet specified.
Strong Balance Sheet: Greaves Cotton remains net cash positive with INR 250 crore+ cash on books, planning to fund core CapEx internally.
