Greaves Cotton is rapidly transforming into a diversified engineering solutions powerhouse.
By H1FY26, E-Mobility surged to 51% of revenue, while core businesses achieved FY26 revenue exceeding ₹2,600 Cr and EBITDA over ₹380 Cr, with 13% from global operations.
The genset market itself, valued at ₹14,000 Cr in FY25, is projected to hit ₹22,000 Cr by FY30. Their "GREAVES.NEXT" strategy aims to accelerate growth in existing segments and expand into new markets with advanced products.
Focus areas include deepening OEM ties, evolving into a solutions provider, and embracing alternative fuel ecosystems.
The goal is a 16-20% overall 5-year revenue CAGR and 13-15% EBITDA margins, shifting Energy Solutions to 35-40% of revenue by FY30 (from 27% in FY25). Recent wins include acquiring Excel Controlinkage and launching CPCB IV+ compliant gensets.
The Ampere Nexus electric scooter recently earned 'Electric Scooter of the Year'. The company also rolled out a 5-year warranty for gensets and expanded global OEM partnerships.
Management plans ₹500-700 Cr in strategic investments, emphasizing execution and capital efficiency.
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