GREAVESCOTTON / guidance tracker

Keep management guidance in view.

Greaves Cotton · forward-looking guidance across the available source record.

Research layer active

Guidance tracker

What management said would happen.

Core business growth of 16-18% CAGR

Management reiterated medium-term organic growth guidance of 16-18% for core businesses (energy, mobility, industrial).

growth

Core business EBITDA margin of 13-15%

Target EBITDA margin of 13-15% for core businesses as they scale, with current standalone margin at 13.5%.

margins

Capex of ₹500-700 crore over 5 years

Planned capital expenditure of ₹500-700 crore over the next 4-5 years for product development, capability enhancement, and international expansion.

capex

Excel 100% acquisition in Q2 FY27

The remaining 20% stake in Excel Control Linkage will be acquired in Q2 of FY27, making it a wholly-owned subsidiary.

expansion