Greaves Cotton Limited (GREAVESCOT) - Net Assets

Latest as of September 2025: Rs14.98 Billion INR ≈ $162.05 Million USD

Based on the latest financial reports, Greaves Cotton Limited (GREAVESCOT) has net assets worth Rs14.98 Billion INR (≈ $162.05 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs25.17 Billion ≈ $272.15 Million USD) and total liabilities (Rs10.18 Billion ≈ $110.10 Million USD). 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. Check how tangible is Greaves Cotton Limited's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs14.98 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. See Greaves Cotton Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see Greaves Cotton Limited market cap and net worth.

Year	Net Assets	Change
2025-03-31	Rs15.85 Billion ≈ $171.44 Million	-5.31%
2024-03-31	Rs16.74 Billion ≈ $181.05 Million	-14.91%
2023-03-31	Rs19.68 Billion ≈ $212.78 Million	+162.59%
2022-03-31	Rs7.49 Billion ≈ $81.03 Million	-4.24%
2021-03-31	Rs7.83 Billion ≈ $84.63 Million	-2.03%
2020-03-31	Rs7.99 Billion ≈ $86.38 Million	-18.73%
2019-03-31	Rs9.83 Billion ≈ $106.29 Million	+1.85%
2018-03-31	Rs9.65 Billion ≈ $104.36 Million	+4.29%
2017-03-31	Rs9.25 Billion ≈ $100.07 Million	+7.64%
2016-03-31	Rs8.60 Billion ≈ $92.97 Million	+4.44%
2015-03-31	Rs8.23 Billion ≈ $89.01 Million	+0.43%
2014-03-31	Rs8.20 Billion ≈ $88.63 Million	+11.77%
2013-03-31	Rs7.33 Billion ≈ $79.30 Million	+16.21%
2012-03-31	Rs6.31 Billion ≈ $68.24 Million	+25.02%
2011-03-31	Rs5.05 Billion ≈ $54.58 Million	+19.87%
2010-03-31	Rs4.21 Billion ≈ $45.54 Million	+8.21%
2009-03-31	Rs3.89 Billion ≈ $42.08 Million	+5.85%
2008-03-31	Rs3.68 Billion ≈ $39.76 Million	+22.83%
2007-03-31	Rs2.99 Billion ≈ $32.37 Million	+38.15%
2006-03-31	Rs2.17 Billion ≈ $23.43 Million	+48.59%
2005-03-31	Rs1.46 Billion ≈ $15.77 Million	+32.85%
2004-03-31	Rs1.10 Billion ≈ $11.87 Million	--

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	Rs9.47 Billion	67.34%
Common Stock	Rs465.00 Million	3.31%
Other Comprehensive Income	Rs3.71 Billion	26.38%
Other Components	Rs417.20 Million	2.97%
Total Equity	Rs14.06 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
Bumi Armada Bhd KLSE:5210	$483.70 Million
MBM Resources Bhd KLSE:5983	$483.83 Million
Eagle Point Credit Company Inc. NYSE:ECC	$483.88 Million
Shanghai Tianyong Engineering Co Ltd SHG:603895	$483.95 Million
Skjern Bank A/S CO:SKJE	$483.67 Million
SuZhou ChunXing Precision Mechanical Co Ltd SHE:002547	$483.66 Million
Wild Bunch AG F:WBAH	$483.64 Million
Bowman Consulting Group Ltd NASDAQ:BWMN	$483.57 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	Rs584.00 Million	+4.15%
Dividends Paid	Rs465.00 Million	-3.31%
Share Repurchases	Rs295.90 Million	-2.11%
Share Issuances	Rs295.90 Million	+2.11%
Other Comprehensive Income	Rs-77.90 Million	-0.55%
Other Changes	Rs-387.60 Million	-2.76%
Total Change	Rs-	-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: 3.19x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 39.05x to 3.19x 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	Rs4.92	Rs192.04	x
2005-03-31	Rs6.37	Rs192.04	x
2006-03-31	Rs8.80	Rs192.04	x
2007-03-31	Rs12.26	Rs192.04	x
2008-03-31	Rs15.05	Rs192.04	x
2009-03-31	Rs15.93	Rs192.04	x
2010-03-31	Rs17.24	Rs192.04	x
2011-03-31	Rs20.67	Rs192.04	x
2012-03-31	Rs25.84	Rs192.04	x
2013-03-31	Rs30.03	Rs192.04	x
2014-03-31	Rs33.56	Rs192.04	x
2015-03-31	Rs33.70	Rs192.04	x
2016-03-31	Rs35.20	Rs192.04	x
2017-03-31	Rs37.89	Rs192.04	x
2018-03-31	Rs39.51	Rs192.04	x
2019-03-31	Rs39.68	Rs192.04	x
2020-03-31	Rs33.37	Rs192.04	x
2021-03-31	Rs33.84	Rs192.04	x
2022-03-31	Rs32.40	Rs192.04	x
2023-03-31	Rs68.03	Rs192.04	x
2024-03-31	Rs62.07	Rs192.04	x
2025-03-31	Rs60.17	Rs192.04	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	Rs75.35 Million
2005	43.20%	9.64%	1.66x	2.69x	Rs484.00 Million
2006	40.36%	10.47%	1.69x	2.28x	Rs657.85 Million
2007	40.63%	9.81%	1.92x	2.16x	Rs916.90 Million
2008	25.81%	7.00%	1.85x	1.99x	Rs581.08 Million
2009	11.43%	4.19%	1.48x	1.85x	Rs55.69 Million
2010	27.90%	8.44%	1.58x	2.09x	Rs753.63 Million
2011	32.75%	9.69%	1.69x	2.00x	Rs1.15 Billion
2012	29.94%	10.55%	1.64x	1.73x	Rs1.26 Billion
2013	20.19%	7.78%	1.60x	1.63x	Rs746.90 Million
2014	15.06%	7.13%	1.44x	1.47x	Rs414.42 Million
2015	10.16%	4.93%	1.46x	1.41x	Rs13.23 Million
2016	23.31%	12.41%	1.37x	1.37x	Rs1.14 Billion
2017	19.52%	11.07%	1.31x	1.34x	Rs881.31 Million
2018	20.95%	11.30%	1.33x	1.40x	Rs1.06 Billion
2019	17.00%	8.19%	1.38x	1.50x	Rs677.98 Million
2020	16.17%	6.77%	1.53x	1.56x	Rs492.95 Million
2021	-2.40%	-1.26%	1.16x	1.65x	Rs-970.31 Million
2022	-4.71%	-2.06%	1.04x	2.19x	Rs-1.10 Billion
2023	4.92%	2.89%	0.99x	1.72x	Rs-806.24 Million
2024	-9.39%	-5.14%	1.07x	1.71x	Rs-2.79 Billion
2025	4.15%	2.00%	1.14x	1.82x	Rs-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: $8,885,935,519
Average return on equity (ROE) among peers: 0.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Greaves Cotton Limited (GREAVESCOT)	Rs14.98 Billion	16.87%	0.68x	$483.69 Million
Aaron Industries Limited (AARON)	$93.73 Million	11.30%	0.87x	$28.02 Million
Ador Welding Limited (ADORWELD)	$2.35 Billion	7.84%	0.61x	$184.52 Million
The Anup Engineering Limited (ANUP)	$3.23 Billion	13.31%	0.31x	$480.66 Million
ATAM VALVES ORD (BSE) (ATAM)	$364.70 Million	17.27%	0.48x	$8.92 Million
Azad Engineering Limited (AZAD)	$1.20 Billion	24.55%	2.37x	$1.44 Billion
Bharat Heavy Electricals Limited (BHEL)	$52.96 Billion	12.43%	1.30x	$15.29 Billion
Cummins India Limited (CUMMINSIND)	$20.43 Billion	28.94%	0.52x	$17.56 Billion
Diamond Power Infrastructure Limited (DIACABS)	$6.55 Billion	-122.90%	2.75x	$1.15 Billion
Diffusion Engineers Ltd (DIFFNKG)	$1.42 Billion	15.59%	0.62x	$149.46 Million
Ducon Infratechnologies Limited (DUCON)	$259.30 Million	0.36%	0.44x	$12.51 Million

About Greaves Cotton Limited

NSE:GREAVESCOT India Specialty Industrial Machinery

Market Cap

$483.69 Million

Rs44.73 Billion INR

Market Cap Rank

#12580 Global

#614 in India

Share Price

Rs192.04

Change (1 day)

+0.12%

52-Week Range

Rs120.61 - Rs232.75

All Time High

Rs296.49