Greaves Cotton Limited
Greaves Cotton Limited operates engineering and mobility retail business in India, the Middle East, Africa, Southeast Asia, and internationally. It operates through Engines, Electric Mobility & Other Vehicles, Cables & Control Levers, and Others segments. The company engages in the provision of engines for farm equipment, gensets, and spares; manufacture and trade of electric vehicles and its spa… Read more
Greaves Cotton Limited (GREAVESCOT) - Net Assets
Latest net assets as of September 2025: ₹14.98 Billion INR
Based on the latest financial reports, Greaves Cotton Limited (GREAVESCOT) has net assets worth ₹14.98 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹25.17 Billion) and total liabilities (₹10.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹14.98 Billion |
| % of Total Assets | 59.54% |
| Annual Growth Rate | 13.56% |
| 5-Year Change | 102.59% |
| 10-Year Change | 84.41% |
| Growth Volatility | 36.35 |
Greaves Cotton Limited - Net Assets Trend (2004–2025)
This chart illustrates how Greaves Cotton Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Greaves Cotton Limited (2004–2025)
The table below shows the annual net assets of Greaves Cotton Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹15.85 Billion | -5.31% |
| 2024-03-31 | ₹16.74 Billion | -14.91% |
| 2023-03-31 | ₹19.68 Billion | +162.59% |
| 2022-03-31 | ₹7.49 Billion | -4.24% |
| 2021-03-31 | ₹7.83 Billion | -2.03% |
| 2020-03-31 | ₹7.99 Billion | -18.73% |
| 2019-03-31 | ₹9.83 Billion | +1.85% |
| 2018-03-31 | ₹9.65 Billion | +4.29% |
| 2017-03-31 | ₹9.25 Billion | +7.64% |
| 2016-03-31 | ₹8.60 Billion | +4.44% |
| 2015-03-31 | ₹8.23 Billion | +0.43% |
| 2014-03-31 | ₹8.20 Billion | +11.77% |
| 2013-03-31 | ₹7.33 Billion | +16.21% |
| 2012-03-31 | ₹6.31 Billion | +25.02% |
| 2011-03-31 | ₹5.05 Billion | +19.87% |
| 2010-03-31 | ₹4.21 Billion | +8.21% |
| 2009-03-31 | ₹3.89 Billion | +5.85% |
| 2008-03-31 | ₹3.68 Billion | +22.83% |
| 2007-03-31 | ₹2.99 Billion | +38.15% |
| 2006-03-31 | ₹2.17 Billion | +48.59% |
| 2005-03-31 | ₹1.46 Billion | +32.85% |
| 2004-03-31 | ₹1.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greaves Cotton Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2441.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹9.47 Billion | 67.34% |
| Common Stock | ₹465.00 Million | 3.31% |
| Other Comprehensive Income | ₹3.71 Billion | 26.38% |
| Other Components | ₹417.20 Million | 2.97% |
| Total Equity | ₹14.06 Billion | 100.00% |
Greaves Cotton Limited Competitors by Market Cap
The table below lists competitors of Greaves Cotton Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang East Asia Pharmaceutical Co. Ltd.
SHG:605177
|
$166.08 Million |
|
LUBAWA SA
WAR:LBW
|
$166.08 Million |
|
Bajaj Hindusthan Sugar Limited
NSE:BAJAJHIND
|
$166.10 Million |
|
PT Map Aktif Adiperkasa Tbk
F:JN4
|
$166.16 Million |
|
Guangdong AVCiT Tech Hldg Co
SHE:001229
|
$166.00 Million |
|
Addcn Technology Co Ltd
TWO:5287
|
$165.95 Million |
|
Aeluma, Inc
NASDAQ:ALMU
|
$165.92 Million |
|
Guangdong Modern High Tech Fiber Co
SHE:300876
|
$165.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greaves Cotton Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,402,300,000 to 14,055,800,000, a change of -346,500,000 (-2.4%).
- Net income of 584,000,000 contributed positively to equity growth.
- Dividend payments of 465,000,000 reduced retained earnings.
- Share repurchases of 295,900,000 reduced equity.
- New share issuances of 295,900,000 increased equity.
- Other comprehensive income decreased equity by 77,900,000.
- Other factors decreased equity by 387,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹584.00 Million | +4.15% |
| Dividends Paid | ₹465.00 Million | -3.31% |
| Share Repurchases | ₹295.90 Million | -2.11% |
| Share Issuances | ₹295.90 Million | +2.11% |
| Other Comprehensive Income | ₹-77.90 Million | -0.55% |
| Other Changes | ₹-387.60 Million | -2.76% |
| Total Change | ₹- | -2.41% |
Book Value vs Market Value Analysis
This analysis compares Greaves Cotton Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 29.14x to 2.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹4.92 | ₹143.32 | x |
| 2005-03-31 | ₹6.37 | ₹143.32 | x |
| 2006-03-31 | ₹8.80 | ₹143.32 | x |
| 2007-03-31 | ₹12.26 | ₹143.32 | x |
| 2008-03-31 | ₹15.05 | ₹143.32 | x |
| 2009-03-31 | ₹15.93 | ₹143.32 | x |
| 2010-03-31 | ₹17.24 | ₹143.32 | x |
| 2011-03-31 | ₹20.67 | ₹143.32 | x |
| 2012-03-31 | ₹25.84 | ₹143.32 | x |
| 2013-03-31 | ₹30.03 | ₹143.32 | x |
| 2014-03-31 | ₹33.56 | ₹143.32 | x |
| 2015-03-31 | ₹33.70 | ₹143.32 | x |
| 2016-03-31 | ₹35.20 | ₹143.32 | x |
| 2017-03-31 | ₹37.89 | ₹143.32 | x |
| 2018-03-31 | ₹39.51 | ₹143.32 | x |
| 2019-03-31 | ₹39.68 | ₹143.32 | x |
| 2020-03-31 | ₹33.37 | ₹143.32 | x |
| 2021-03-31 | ₹33.84 | ₹143.32 | x |
| 2022-03-31 | ₹32.40 | ₹143.32 | x |
| 2023-03-31 | ₹68.03 | ₹143.32 | x |
| 2024-03-31 | ₹62.07 | ₹143.32 | x |
| 2025-03-31 | ₹60.17 | ₹143.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greaves Cotton Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.00%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.82x
- Recent ROE (4.15%) is below the historical average (18.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.87% | 2.90% | 1.54x | 3.77x | ₹75.35 Million |
| 2005 | 43.20% | 9.64% | 1.66x | 2.69x | ₹484.00 Million |
| 2006 | 40.36% | 10.47% | 1.69x | 2.28x | ₹657.85 Million |
| 2007 | 40.63% | 9.81% | 1.92x | 2.16x | ₹916.90 Million |
| 2008 | 25.81% | 7.00% | 1.85x | 1.99x | ₹581.08 Million |
| 2009 | 11.43% | 4.19% | 1.48x | 1.85x | ₹55.69 Million |
| 2010 | 27.90% | 8.44% | 1.58x | 2.09x | ₹753.63 Million |
| 2011 | 32.75% | 9.69% | 1.69x | 2.00x | ₹1.15 Billion |
| 2012 | 29.94% | 10.55% | 1.64x | 1.73x | ₹1.26 Billion |
| 2013 | 20.19% | 7.78% | 1.60x | 1.63x | ₹746.90 Million |
| 2014 | 15.06% | 7.13% | 1.44x | 1.47x | ₹414.42 Million |
| 2015 | 10.16% | 4.93% | 1.46x | 1.41x | ₹13.23 Million |
| 2016 | 23.31% | 12.41% | 1.37x | 1.37x | ₹1.14 Billion |
| 2017 | 19.52% | 11.07% | 1.31x | 1.34x | ₹881.31 Million |
| 2018 | 20.95% | 11.30% | 1.33x | 1.40x | ₹1.06 Billion |
| 2019 | 17.00% | 8.19% | 1.38x | 1.50x | ₹677.98 Million |
| 2020 | 16.17% | 6.77% | 1.53x | 1.56x | ₹492.95 Million |
| 2021 | -2.40% | -1.26% | 1.16x | 1.65x | ₹-970.31 Million |
| 2022 | -4.71% | -2.06% | 1.04x | 2.19x | ₹-1.10 Billion |
| 2023 | 4.92% | 2.89% | 0.99x | 1.72x | ₹-806.24 Million |
| 2024 | -9.39% | -5.14% | 1.07x | 1.71x | ₹-2.79 Billion |
| 2025 | 4.15% | 2.00% | 1.14x | 1.82x | ₹-821.58 Million |
Industry Comparison
This section compares Greaves Cotton Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $35,713,209,113
- Average return on equity (ROE) among peers: 17.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greaves Cotton Limited (GREAVESCOT) | ₹14.98 Billion | 16.87% | 0.68x | $166.06 Million |
| Aaron Industries Limited (AARON) | $108.01 Million | 12.44% | 0.77x | $9.24 Million |
| Ador Welding Limited (ADORWELD) | $1.47 Billion | 17.36% | 0.26x | $74.72 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $1.13 Billion | 5.71% | 1.11x | $17.69K |
| AIA Engineering Limited (AIAENG) | $22.90 Billion | 19.95% | 0.19x | $1.29 Billion |
| The Anup Engineering Limited (ANUP) | $910.82 Million | 26.36% | 0.46x | $186.61 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $43.62 Million | 14.95% | 2.96x | $3.46 Million |
| Azad Engineering Limited (AZAD) | $6.45 Billion | 9.08% | 0.24x | $466.28 Million |
| Bharat Heavy Electricals Limited (BHEL) | $305.37 Billion | 21.92% | 1.35x | $4.24 Billion |
| Cummins India Limited (CUMMINSIND) | $15.61 Billion | 28.43% | 0.53x | $7.16 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $3.13 Billion | 19.78% | 1.49x | $118.56 Million |