Gravita India Ltd

₹ 1,784 -1.98%

07 Jan

🔗 Website | BSE: 533282 | NSE: GRAVITA

Market Cap13,173

Current Price1,784

High / Low2,300

Stock P/E50.1

Book Value231

Dividend Yield0.36

ROCE21.4

ROE18.5

ABOUT

Established in 1992, Gravita India Ltd is one of the largest lead producer in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects.The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.

Stock Analysis

### Description Gravita India Ltd. is a leading company in lead, aluminum, and plastic recycling, involved in processing scrap into value-added products. ### Key Growth Triggers Currently no data available for Key Growth Triggers. ### Order Book Currently no data available for Order Book. ### Key Red Flags Currently no data available for Key Red Flags. ### Key Dates To Watch Currently no data available for Key Dates To Watch.

Peer Comparison

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	NMDC	86.16	10.78	75786.44	3.83	1698.04	40.22	6378.11	29.67	29.59	26689.39	33.33	7027.10	1699.14	2.33	17.01	0.11
2.	Lloyds Metals	1337.60	40.34	72821.75	0.07	567.39	89.95	3651.35	154.33	38.28	8903.34	29.59	1805.12	572.36	9.14	21.70	1.06
3.	G M D C	607.10	29.50	19299.48	1.66	465.75	-8.84	527.58	-11.03	14.06	2699.88	19.40	654.21	116.56	2.87	9.00	0.04
4.	Gravita India	1784.50	50.11	13172.93	0.36	87.22	72.44	852.20	8.38	21.44	3382.31	8.32	262.90	87.22	7.74	13.11	0.11
5.	Ashapura Minech.	902.45	21.61	8610.61	0.11	105.98	117.93	952.50	57.67	18.64	3728.75	14.25	398.38	96.61	6.04	7.95	0.86
6.	MOIL	376.00	25.39	7649.03	1.50	70.44	40.99	348.05	19.24	18.76	1496.32	27.60	301.28	70.44	2.83	12.28	0.00
7.	Orissa Minerals	5042.00		3027.42	0.00	3.14	297.47	25.13	7.44	-38.52	71.85	-42.00	-38.58	3.14		-9.03

Quarterly Results

Figures in Cr.

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	707	599	819	654	757	851	696	721	860	618	705	786	852
YOY Sales Growth %	50.98%	-15.24%	36.73%	29.97%	15.79%	12.37%	24.14%	3.52%	19.34%	31.3%	14.1%	11.48%	8.38%
Expenses	665	551	773	609	706	779	654	676	786	592	643	734	762
Material Cost %	87%	86%	89%	86%	86%	85%	87%	89%	85%	89%	85%	86%	83%
Employee Cost %	4%	4%	3%	4%	4%	4%	4%	2%	3%	3%	3%	4%	3%
Operating Profit	41	48	46	44	51	71	42	44	74	26	62	52	90
OPM %	6%	8%	6%	7%	7%	8%	6%	6%	9%	4%	9%	7%	11%
Other Income	-9	23	5	17	2	20	22	16	22	5	-1	18	19
Exceptional items	—	—	—	—	—	—	—	—	—	—	—	—	—
Other income normal	-8.63	22.56	4.96	16.56	1.64	19.62	22.4	15.52	22.2	5.15	-1.43	18.41	19.38
Interest	8	8	7	10	6	1	9	7	1	8	7	7	3
Depreciation	3	3	4	3	4	4	3	3	4	3	3	4	4
Profit before tax	22	60	40	48	43	86	53	50	91	21	51	59	102
Tax %	23%	16%	14%	19%	16%	21%	3%	6%	19%	21%	14%	15%	15%
Net Profit	17	50	34	39	36	68	51	47	74	16	44	51	87
EPS in Rs	2.51	7.31	4.63	5.61	5.19	9.21	7.4	6.8	9.96	2.38	6.3	7.33	11.82

Profit & Loss

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	338	334	353	533	787	1,059	1,172	1,226	1,894	2,524	2,679	3,223	3,382
Sales Growth %	—	—	—	—	—	—	—	—	—	—	—	—	—
Expenses	314	327	343	493	729	1,018	1,100	1,161	1,813	2,422	2,478	2,998	3,101
Material Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
Raw material cost	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in inventory	—	—	—	—	—	—	—	—	—	—	—	—	—
Manufacturing Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
Employee Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating Profit	24	7	10	40	58	42	72	65	81	102	202	225	281
OPM %	7%	2%	3%	7%	7%	4%	6%	5%	4%	4%	8%	7%	8%
Other Income	3	7	4	1	1	12	-9	10	6	59	52	46	66
Exceptional items	—	—	—	—	—	—	—	—	—	—	—	—	—
Other income normal	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest	9	9	8	9	18	23	27	26	30	34	32	23	12
Depreciation	2	3	3	3	5	7	9	9	9	11	13	15	16
Profit before tax	16	2	3	28	36	24	28	40	49	116	208	233	319
Tax %	7%	-205%	-1%	19%	30%	21%	20%	20%	18%	13%	14%	17%	—
Net Profit	15	5	3	23	25	19	22	32	40	101	180	194	263
Exceptional items AT	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit excl Excep	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for PE	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for EPS	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS in Rs	2.18	0.75	0.48	3.36	3.71	2.76	3.25	4.66	5.76	14.65	26.02	26.3	35.62
Dividend Payout %	37%	27%	42%	18%	19%	11%	22%	24%	52%	30%	20%	24%	—

Balance Sheet

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	15	15
Reserves	73	76	79	102	122	136	150	175	194	295	443	1,580	1,688
Borrowings	67	90	94	160	207	216	230	212	322	286	268	12	185
Long term Borrowings	7	1	6	20	15	12	30	43	107	90	8	0	0
Short term Borrowings	53	81	87	136	186	195	184	165	212	194	258	8	182
Lease Liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Borrowings	8	7	1	4	7	9	12	0	0	0	0	0	—
Other Liabilities	23	16	10	24	64	119	85	186	229	251	315	244	316
Trade Payables	12	9	5	14	56	108	78	132	75	105	188	164	252
Advance from Customers	3	4	2	3	2	1	1	0	0	0	0	0	—
Other liability items	7	3	3	7	7	11	6	55	154	146	126	81	64
Total Liabilities	177	196	197	299	407	485	480	587	758	846	1,039	1,851	2,203
Fixed Assets	42	37	38	54	82	107	117	115	140	177	203	216	223
Land	12.68	7.07	9.17	8.8	8.84	8.84	15.67	15.66	19.13	19.13	25.25	25.25	—
Building	13.71	14.08	15.02	22.43	33.74	52.55	57.94	59.32	70.99	81.52	90.54	97.38	—
Plant Machinery	13.3	14.42	13.21	17.03	33.66	42.9	49.08	48.07	61.13	83.4	103.84	115.11	—
Equipments	0.57	1.08	1.14	2.44	3.84	5.46	5.7	5.87	6.91	8.66	9.93	10.88	—
Furniture & fittings	—	—	—	—	—	—	—	—	—	—	—	—	—
Vehicles	3.72	4.18	4.44	4.03	6.47	6.91	6.45	10	11.91	23.94	24.02	30.19	—
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0.07
Other fixed assets	0.46	1.17	1.67	1.48	1.89	1.99	1.97	2.02	2.09	2.16	2.21	2.21	—
Gross Block	46.04	43.99	46.73	57.44	90.24	121.44	140.09	144.32	176.15	223.52	261.38	287.73	—
Accumulated Depreciation	4.47	7.4	8.85	3.23	7.83	14.3	22.65	29	36.6	46.42	58.19	71.88	—
CWIP	2	3	12	23	14	9	3	5	15	14	8	25	68
Investments	22	27	27	29	17	24	15	10	9	10	9	534	677
Other Assets	111	129	120	192	294	345	345	457	594	645	819	1,076	1,235
Inventories	36	63	52	86	125	133	154	260	358	394	485	431	544
Trade receivables	34	21	29	61	106	107	62	65	101	140	214	204	220
Receivables under 6m	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables over 6m	—	—	—	—	—	—	—	—	—	—	—	—	—
Prow for Doubtful	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash Equivalents	1	1	5	8	9	10	7	7	7	9	2	279	133
Loans & Advances	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Assets items	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Assets	177	196	197	299	407	485	480	587	758	846	1,039	1,851	2,203

Cash Flows

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	4	-1	7	-9	-18	54	20	53	-21	96	91	168
Profit from operations	27	11	12	42	57	37	52	74	102	177	239	249
Receivables	-13	13	-8	-29	-46	-2	42	-7	-37	-39	-75	11
Inventory	2	-27	11	-34	-39	-8	-21	-106	-99	-36	-91	54
Payables	-10	-3	-1	9	42	52	-30	88	-14	30	83	-25
Loans Advances	-0	-0	-8	-1	-2	-1	0	0	0	0	0	0
Other WC items	-1	4	1	5	-22	-19	-17	9	37	-17	-29	-76
Working capital changes	-21	-12	-5	-50	-67	22	-25	-15	-113	-61	-112	-37
Direct taxes	-1	0	-0	-1	-8	-5	-7	-6	-10	-20	-37	-44
Cash from Investing Activity	-5	-8	-4	-40	-10	-34	-0	-2	-41	-22	-15	-783
Fixed assets purchased	-25	-4	-16	-38	-22	-27	-4	-14	-45	-50	-29	-48
Fixed assets sold	0	0	5	0	0	0	0	0	0	0	0	1
Investments purchased	18	-6	-1	-2	0	-7	0	0	0	0	0	-516
Investments sold	1	0	4	0	13	0	5	14	4	21	3	0
Interest received	1	1	1	1	1	1	0	0	0	0	0	12
Redeemp Cnce of Shares	—	—	—	—	—	—	—	—	—	—	—	—
Acquisition of companies	—	—	—	—	—	—	—	—	—	—	—	—
Other investing items	0	0	2	-1	-3	-1	-2	-3	-1	7	10	-231
Cash from Financing Activity	0	9	-4	52	27	-18	-22	-50	61	-68	-82	666
Redemption of debentures	—	—	—	—	—	—	—	—	—	—	—	—
Proceeds from borrowings	20	28	14	0	0	15	29	34	151	13	63	0
Repayment of borrowings	-9	-6	-9	0	0	-6	-20	-52	-40	-48	-82	-256
Interest paid fin	-6	-9	-7	-8	-16	-21	-24	-23	-28	-32	-33	-23
Dividends paid	-5	-4	-2	-2	-5	-6	-7	-8	-21	0	-30	-36
Financial liabilities	0	0	0	0	0	0	-1	-1	-1	-1	-1	-1
Other financing items	0	0	0	61	47	0	0	0	0	0	0	0
Net Cash Flow	-0	0	-1	3	-2	2	-3	1	-1	6	-6	52

Ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	37	23	30	41	49	37	19	19	20	20	29	23
Inventory Days	48	79	60	70	69	52	55	88	79	64	76	57
Days Payable	16	12	6	11	31	42	28	45	16	17	30	21
Cash Conversion Cycle	69	90	84	100	87	47	46	63	82	67	76	58
Working Capital Days	16	12	9	5	9	1	15	25	27	26	33	60
ROCE %	17%	7%	5%	17%	18%	13%	18%	17%	17%	27%	37%	21%

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	73%	73%	66.48%	66.48%	66.48%	66.48%	63.37%	63.37%	59.27%	59.27%	55.88%	55.88%
Mahavir Prasad Agarwal	25.13	0	0	0	0	0	0	0	0	0	0	0
Mahavir Prasad Agarwal - 2	0	—	—	—	—	—	—	—	—	—	—	—
Mahavir Prasad Agarwal Trustee of Agrawal family P___	—	25.13	25.13	—	—	—	—	—	—	—	—	—
Rajat Agrawal	47.87	47.87	41.35	41.35	41.35	41.35	38.24	38.24	35.77	35.77	32.38	32.38
Rajat Agrawal Trustee of Agrawal Family Private Trust	—	—	—	25.13	25.13	25.13	25.13	25.13	23.5	23.5	23.5	23.5
FIIs	3.48%	3.08%	9.32%	9.99%	10.58%	11.08%	13.4%	14.01%	14.12%	14.03%	15.09%	14.65%
Abu Dhabi Investment Authority - Monsoon	—	—	—	—	—	—	1.27	1.15	—	—	—	—
Goldman Sachs Funds - Goldman Sachs India Equity P	1.58	1.58	1.58	1.69	1.74	1.95	1.96	2	2.24	2.24	2.23	2.23
Jupiter India Fund	—	—	1.17	1.17	1.17	1.17	1.2	1.05	1.2	1.12	1.11	1.11
Nomura Funds Ireland Public Limited Company- Nomur	—	—	—	—	—	1.08	—	—	—	—	—	—
Nomura India Investment Fund Mother Fund	—	—	2.23	2.01	2.17	1.95	1.95	1.48	—	—	—	—
Oxbow Master Fund Limited	—	—	—	—	—	—	1.69	1.69	2.47	2.44	2.44	2.44
The Nomura Trust And Banking Co_, Ltd As The Trust	—	—	1.09	1.01	1.01	1.01	1.01	—	—	—	—	—
DIIs	0.21%	0.25%	0.39%	0.42%	0.43%	0.43%	2.61%	3.21%	5.41%	5.44%	4.41%	4.87%
Tata Children'S Fund	—	—	—	—	—	—	—	—	—	—	—	1.28
Tata Mutual Fund - Tata Elss Tax Saver Fund	—	—	—	—	—	—	—	—	—	—	1.28	—
Government	—	—	—	—	—	—	—	—	—	—	—	—
Public	21.29%	21.66%	21.81%	21.66%	21.06%	20.56%	19.18%	17.95%	19.83%	19.9%	23.27%	23.26%
Ashish Kacholia	2.08	2.15	2.15	2.15	2.15	2.15	—	—	—	—	—	—
Others	2%	2%	1.98%	1.45%	1.45%	1.45%	1.45%	1.45%	1.35%	1.35%	1.33%	1.33%
No. of Shareholders	47,715	53,190	62,916	76,242	81,524	75,335	75,740	97,869	1,25,894	1,26,954	1,50,647	1,60,487

News & Updates

BSE Announcements

Direct from BSE filings, AI summarised

Gravita India Files Regulation 74(5) Certificate for Quarter Ended December 31, 2025

13 Jan 2026

Gravita India Announces Board Meeting for Q3 FY26 Unaudited Financial Results on January 21, 2026

13 Jan 2026

Gravita India Delivers Record FY25, Strong Q2 FY26 Performance; Continues Investor Outreach and Expansion Drive

30 Dec 2025

Gravita India Executives Attend Institutional Investor Meetings; No UPSI Shared

29 Dec 2025

Gravita India Ltd. Shareholders Approve Revised Executive Remuneration with Overwhelming Support via Postal Ballot

26 Dec 2025

Other Websites

External media mentions

B&K Securities Bullish on Recycling, Flags Gravita, Ganesha Ecosphere for Buys

6 Jan 2026

Investor Alert! Analyst Raja Venkatraman Reveals 3 Must-Buy Stocks for December 26th Surge!

26 Dec 2025

Kotak Expert's Shocking BUY Calls: ICICI Bank & Gravita India - Are These Your Next Big Wins?

2 Dec 2025

Nuvama Analyst Aakash K Hindocha Highlights Top Stock Picks: Delhivery, Kalpataru Projects International, Gravita India

6 Nov 2025

Gravita India Reports Robust 33% Profit Growth in Q2 FY26 on Operational Efficiency

30 Oct 2025

News Articles

Editorial & research coverage

B&K Securities Bullish on Recycling, Flags Gravita, Ganesha Ecosphere for Buys

6 Jan 2026

Investor Alert! Analyst Raja Venkatraman Reveals 3 Must-Buy Stocks for December 26th Surge!

26 Dec 2025

Kotak Expert's Shocking BUY Calls: ICICI Bank & Gravita India - Are These Your Next Big Wins?

2 Dec 2025

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

30 Dec - 30 Dec 2025 one-on-one institutional investor meetings; presentation uploaded; no unpublished price-sensitive information shared.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

29 Dec - Executives held one-on-one institutional investor meetings on 29 Dec 2025; presentation posted online; no UPSI.

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

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Annual Reports

FY Financial Year 2025

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FY Financial Year 2024

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FY Financial Year 2022

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FY Financial Year 2014

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FY Financial Year 2012

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Credit Ratings

Rating update

16 Sep 2025 from icra

Rating update

28 Mar 2025 from icra

Rating update

24 Jun 2024 from icra

Rating update

5 Oct 2023 from icra

Rating update

20 Jul 2023 from icra

Rating update

12 May 2023 from brickwork

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Gravita India Ltd

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Stock Analysis

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