This document is an investor presentation filed by Greaves Cotton Limited with the stock exchanges (BSE and NSE) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation, dated May 2026, outlines the company's strategic vision and business updates.

The presentation is prefaced with extensive disclaimers noting that it contains forward-looking statements based on management's current expectations, which are subject to known and unknown risks and uncertainties. Factors that could cause actual results to differ include general economic conditions, the company's ability to implement its strategy, technological changes, currency and interest rate fluctuations, and changes in laws and regulations.

A specific disclaimer is included regarding Greaves Electric Mobility Limited (GEMPL), a subsidiary. GEMPL has filed a Draft Red Herring Prospectus (DRHP) with SEBI on December 23, 2024, for a proposed initial public offering (IPO), which is subject to requisite approvals and market conditions.

The core of the presentation details the company's GREAVES.NEXT strategy, positioning Greaves Cotton as a "Trusted, Future-Ready, Innovative Engineering Solutions Company." The strategy focuses on a multi-year transformation across three main business segments:

Energy Solutions

  • The genset market in India was approximately ₹14,000 crore in FY25 and is expected to grow at 10% to reach ~₹22,000 crore.
  • The company identifies a strong sustained demand for gensets with a 20%+ growth rate and a large headroom for growth in the 100-625 KVA segments where it currently has a modest presence.
  • Greaves' value proposition includes a robust product offering with pan-India service presence, a 5-year/5000-hour warranty (whichever is earlier), economical cost-of-ownership, and turnkey capabilities.
  • The company is ramping up its aftermarket services, including launching a retail AMC scheme and an allied business portfolio.

Mobility Solutions

  • This segment is divided into Engines, Components, and Aftermarket.
  • The L5 3-wheeler market is set for sustained growth, with incremental growth driven by export opportunities. The company notes its pioneering engineering development, with its single-cylinder diesel engines powering Ligier microcars sold in 10+ European countries.
  • The company's 3-wheeler vehicle parc is expected to stabilize and show 5-7% growth.
  • Through its capabilities (e.g., Excel), it offers a wide range of motion control system products and has 30+ years of partnerships with leading OEMs, offering end-to-end design-to-prototype capability and vertical integration.

Industrial Solutions

  • This business taps a ~₹1,500 crore market, delivering a consistent 10-15% CAGR across segments.
  • It has an established global presence with revenue spread across 70+ countries.
  • Key targeted products for export include engineered components and small engines for industrial & mobility applications (Europe, Middle-East) and Energy Solutions/large industrial engines for firefighting (Africa).

Organizational and Operational Highlights

  • R&D: The presentation highlights the company's R&D strengths and capabilities but does not provide specific financial figures for R&D spend.
  • Manufacturing: The company operates state-of-the-art manufacturing facilities, though no specific capacity or expansion figures are provided.
  • ESG: Commitment to environmental sustainability is reflected in ISO 14001:2015 certification. Solar rooftop plants across locations generate over 5 million units of clean energy annually. The company has a zero liquid discharge policy and recycles aluminium scrap. It was recognized as the Best Governed Company (Listed Segment Emerging Category) at the 25th ICSI National Awards for Excellence in Corporate Governance.

Strategic Financial Targets and Outlook

  • The company is focused on sustained organic growth, complemented by selective inorganic opportunities.
  • A key priority is execution discipline, portfolio mix optimization, and capital efficiency to improve EBITDA margins (no specific target provided).
  • A prudent investment plan of ₹500 – 700 crore is announced for product development, capability improvement, automation, and modernization.
  • Structural shifts include expanding the international business share, making Energy Solutions a dominant part of the portfolio, and enhancing OEM partnerships.