Financials Greaves Cotton Limited

Equities

GREAVESCOT

INE224A01026

Industrial Machinery & Equipment

Market Closed - Bombay S.E. 06:22:51 2024-05-17 am EDT 5-day change 1st Jan Change
134 INR +2.02% Intraday chart for Greaves Cotton Limited +1.82% -11.84%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 27,815 34,103 16,104 29,548 44,197 29,234
Enterprise Value (EV) 1 24,816 31,892 14,497 26,977 42,391 23,015
P/E ratio 13.8 x 20.7 x 12.9 x -157 x -125 x 37.7 x
Yield 4.83% 2.86% - 0.16% 0.1% 0.71%
Capitalization / Revenue 1.55 x 1.69 x 0.84 x 1.97 x 2.59 x 1.08 x
EV / Revenue 1.38 x 1.58 x 0.76 x 1.8 x 2.48 x 0.85 x
EV / EBITDA 10.1 x 12.2 x 7.24 x 38.9 x 218 x 18.5 x
EV / FCF 10.7 x 51 x 31.3 x 15.9 x -164 x -10.6 x
FCF Yield 9.32% 1.96% 3.19% 6.29% -0.61% -9.47%
Price to Book 2.88 x 3.52 x 2.02 x 3.78 x 5.9 x 1.84 x
Nbr of stocks (in thousands) 244,207 244,207 231,207 231,207 231,521 231,649
Reference price 2 113.9 139.6 69.65 127.8 190.9 126.2
Announcement Date 7/21/18 7/15/19 7/22/20 7/19/21 7/18/22 7/18/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2018 2019 2020 2021 2022 2023
Net sales 1 17,921 20,153 19,110 15,004 17,097 26,994
EBITDA 1 2,447 2,619 2,001 694.2 194.4 1,244
EBIT 1 2,054 2,234 1,553 214.6 -286.9 779.6
Operating Margin 11.46% 11.08% 8.13% 1.43% -1.68% 2.89%
Earnings before Tax (EBT) 1 2,952 2,399 1,690 -137.9 -193.3 1,128
Net income 1 2,022 1,647 1,292 -187.8 -353 780.3
Net margin 11.28% 8.17% 6.76% -1.25% -2.06% 2.89%
EPS 2 8.279 6.745 5.397 -0.8123 -1.530 3.350
Free Cash Flow 1 2,314 625.6 463.1 1,696 -257.9 -2,179
FCF margin 12.91% 3.1% 2.42% 11.3% -1.51% -8.07%
FCF Conversion (EBITDA) 94.56% 23.88% 23.14% 244.26% - -
FCF Conversion (Net income) 114.44% 37.98% 35.85% - - -
Dividend per Share 2 5.500 4.000 - 0.2000 0.2000 0.9000
Announcement Date 7/21/18 7/15/19 7/22/20 7/19/21 7/18/22 7/18/23
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 5,686 5,970 8,659 7,030
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income - - - -
Net margin - - - -
EPS - - - -
Dividend per Share - - - -
Announcement Date 8/10/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 2,999 2,211 1,606 2,572 1,806 6,219
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2,314 626 463 1,696 -258 -2,179
ROE (net income / shareholders' equity) 21.4% 16.7% 14.3% -2.38% -4.61% 5.13%
ROA (Net income/ Total Assets) 9.89% 9.96% 7.18% 1.06% -1.22% 2.23%
Assets 1 20,443 16,529 17,990 -17,777 28,885 34,980
Book Value Per Share 2 39.50 39.70 34.50 33.80 32.40 68.50
Cash Flow per Share 2 1.230 1.640 6.740 7.570 3.920 3.730
Capex 1 247 311 366 362 393 432
Capex / Sales 1.38% 1.54% 1.91% 2.41% 2.3% 1.6%
Announcement Date 7/21/18 7/15/19 7/22/20 7/19/21 7/18/22 7/18/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
131.4 INR
Average target price
145.5 INR
Spread / Average Target
+10.77%
Consensus

Quarterly revenue - Rate of surprise

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