Greaves Cotton quarterly results and financials

Greaves Cotton (GREAVESCOT)₹203.97−1.28%(9 Nov 2026 close)Compressors, Pumps & Diesel Engines

Key facts

In the Sep 2026 quarter (consolidated), Greaves Cotton reported sales of ₹1,179 Cr, up 44.3% from Sep 2025, and net profit of −₹30.09 Cr, down 600.7% year on year. For the year to Mar 2026, sales were ₹3,446 Cr and net profit ₹35.10 Cr.

Sales (Sep 2026): ₹1,179 Cr
Net profit (Sep 2026): −₹30.09 Cr
Sales (FY Mar 2026): ₹3,446 Cr
Net profit (FY Mar 2026): ₹35.10 Cr
EPS (Sep 2026): ₹0.22
Borrowings (Mar 2026): ₹393 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Greaves Cotton quarterly results

₹ crore unless stated; each column is a quarter.

Greaves Cotton Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	667	675	642	707	753	826	747	817	877	1,003	977	1,179
Expenses	631	650	613	683	712	779	690	765	814	934	920	1,105
Operating Profit	34.99	23.98	26.97	23.01	39.94	45.93	56.93	51.93	61.93	67.93	55.93	72.93
OPM %	5.0%	3.5%	4.3%	3.3%	5.0%	6.0%	8.0%	6.0%	7.0%	7.0%	6.0%	6.0%
Other Income	62.24	11.05	17.06	9.03	18.08	12.04	18.05	7.03	−11.04	−3.01	11.03	−22.06
Interest	1.99	2.99	2.99	3.99	2.99	5.99	4.99	4.99	5.99	9.98	11.99	13.97
Depreciation	19.99	27.99	25.98	25.98	25.98	24.98	26.99	27.01	27.98	27.99	27.98	53.01
Profit before tax	73.86	2.99	14.98	1.99	28.99	26.97	42.93	26.99	16.98	27.94	26.99	−15.98
Tax %	39.0%	483.0%	101.0%	892.0%	77.0%	93.9%	52.0%	76.9%	66.0%	92.0%	77.0%	87.0%
Exceptional items	28.19	11.06	0.00	13.27	1.42	0.00	−0.23	−0.72	1.00	−0.08	0.00	−12.66
Net Profit	46.11	−13.04	0.00	−14.03	7.01	2.01	21.05	6.01	6.01	2.01	6.01	−30.09
EPS (Rs)	2.51	0.12	0.45	0.15	0.91	1.04	1.43	1.13	1.11	0.98	1.12	0.22

Greaves Cotton profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Greaves Cotton Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,622	1,638	1,798	2,022	1,917	1,505	1,714	2,709	2,639	2,927	3,446	4,036
Expenses	1,417	1,397	1,539	1,748	1,705	1,424	1,690	2,579	2,548	2,790	3,202	3,772
Operating Profit	203	240	255	272	210	79.93	24.98	127	90.94	137	239	259
OPM %	13.1%	15.0%	14.0%	14.0%	11.0%	5.0%	1.5%	4.7%	3.4%	4.7%	7.0%	6.4%
Other Income	138	56.21	93.36	24.07	25.08	−26.08	20.08	55.23	−271	56.18	10.03	−25.08
Interest	0.99	0.99	0.99	3.99	4.99	6.99	4.99	11.99	8.99	15.98	25.96	41.93
Depreciation	45.98	47.02	51.99	51.97	60.99	60.01	59.03	56.97	83.96	103	109	137
Profit before tax	294	249	294	240	169	−13.98	−18.99	113	−273	71.93	115	55.93
Tax %	31.9%	27.0%	32.0%	32.0%	25.0%	36.0%	83.0%	38.0%	34.0%	108.9%	69.0%	—
Exceptional items	37.91	26.90	53.81	7.97	5.98	−53.81	0.00	−6.98	−433	1.99	−7.98	−11.74
Net Profit	202	182	203	163	127	−19.04	−35.10	70.15	−368	−6.02	35.10	−16.06
EPS (Rs)	8.24	7.41	8.29	6.75	5.60	−0.82	−1.53	3.38	−5.84	2.52	4.61	3.43
Dividend payout %	67.0%	74.0%	66.0%	59.0%	0.0%	−25.0%	−13.0%	27.0%	−34.0%	80.0%	43.0%	—

Greaves Cotton balance sheet

₹ crore, at each year end.

Greaves Cotton Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	48.96	48.96	48.93	48.91	48.97	45.95	45.93	45.98	45.94	45.93	45.94	46.92
Reserves	774	841	876	916	920	753	735	703	1,538	1,393	1,358	1,383
Borrowings	0.00	0.00	0.00	0.00	10.98	27.92	19.95	256	27.94	80.75	80.86	393
Other Liabilities	300	285	323	379	472	411	475	627	1,098	919	1,040	1,037
Total Liabilities	1,122	1,175	1,249	1,344	1,452	1,238	1,277	1,632	2,711	2,438	2,526	2,860
Fixed Assets	325	282	291	277	338	379	371	363	368	823	844	873
CWIP	8.02	24.07	15.06	28.11	72.25	69.21	75.21	82.25	83.34	63.18	43.12	64.23
Investments	293	363	412	507	420	3.01	1.01	16.04	123	157	121	67.08
Other Assets	496	505	531	533	622	786	830	1,172	2,136	1,396	1,517	1,856
Inventories	106	108	129	109	134	194	175	193	215	276	335	313
Trade receivables	230	200	269	252	341	254	208	185	165	235	333	343
Cash & equivalents	36.16	21.09	13.05	33.12	45.14	191	281	100	543	315	430	566
Total Assets	1,122	1,175	1,249	1,344	1,452	1,238	1,277	1,632	2,711	2,438	2,526	2,860

Greaves Cotton cash flow

₹ crore, for each year.

Greaves Cotton Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	224	229	114	279	145	102	147	−55.85	−135	−153	−22.94	32.90
Cash from investing activity	−179	−70.06	36.02	−97.09	37.99	255	−108	−238	−759	246	126	−98.99
Cash from financing activity	−60.10	−166	−148	−162	−174	−241	−20.04	210	890	−32.04	−116	123
Net cash flow	−14.04	−6.02	2.01	20.06	10.03	116	19.05	−84.18	−4.01	61.13	−13.03	56.14
Capex	55.13	17.03	27.05	50.13	77.12	76.12	49.10	66.15	79.20	159	82.22	96.16
Free cash flow	181	252	115	279	72.18	40.06	106	−24.05	−206	−225	−98.19	−61.15
CFO / OP %	140.1%	155.0%	78.0%	146.0%	87.1%	82.0%	211.1%	−163.9%	−70.0%	−42.9%	49.1%	47.1%

Greaves Cotton ratios

Working-capital days and returns, by year.

Greaves Cotton Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	50	45	60	51	62	49	51	40	22	33	42	37
Inventory days	34	38	45	33	35	54	59	56	40	56	62	50
Days payable	45	67	75	81	85	82	119	109	81	77	95	91
Cash conversion cycle	37	15	29	2	12	20	−11	−14	−19	10	8	−6
Working capital days	33	44	39	22	17	23	−5	−9	96	4	10	19
ROCE %	20.9%	27.9%	23.0%	22.9%	24.0%	17.9%	3.0%	−1.0%	8.9%	4.0%	5.0%	9.9%

Greaves Cotton: frequently asked questions

What are the latest quarterly results of Greaves Cotton?

For the Sep 2026 quarter, Greaves Cotton reported sales of ₹1,179 Cr, up 44.3% year on year and net profit of −₹30.09 Cr, down 600.7% year on year. The operating margin was 6.0%.

What is the annual revenue of Greaves Cotton?

Greaves Cotton's sales for the year to Mar 2026 were ₹3,446 Cr; over the last twelve months they were ₹4,036 Cr.

What is the net profit of Greaves Cotton?

Net profit for the year to Mar 2026 was ₹35.10 Cr, and −₹16.06 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.43.

How much debt does Greaves Cotton have?

Greaves Cotton reported borrowings of ₹393 Cr at Mar 2026, against cash and equivalents of ₹566 Cr.

What is the free cash flow of Greaves Cotton?

Cash from operations was ₹32.90 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹61.15 Cr.

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