Gravita India Ltd logo

Gravita India Ltd

GRAVITA NSE

Key Fundamentals

MicrocapIndustrial MineralsMetals & Mining
Market Cap
₹12,656 Cr
Volatility
Moderate
P/E Ratio
32.62
EBITDA
₹435 Cr
Return on Equity
15.06%
Debt to Equity
0.3
Book Value
₹332.16
EPS
₹36.86
52W High
₹1,913.6
52W Low
₹1,266.9

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 46.0% CAGR over last 5 years
  • Company's median sales growth is 22.2% of last 10 years

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -10.6%

Growth Rate

Revenue Growth
7.15% ↘
Net Income Growth
21.06% ↗
Cash Flow Change
565.52% ↗
ROE
-47.12% ↘
ROCE
-38.72% ↘
EBITDA Margin (Avg.)
-8.49% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Gravita India Ltd is a metals recycling company with a market cap of ₹12,105 Cr trading at a PE of 30.5x. The company has delivered strong long-term profit growth of 46% CAGR over 5 years and sales growth of 25% CAGR over the same period, though ROE has moderated from a 5-year average of 24% to 17% in the last year while promoter holding has declined by 10.6% over three years.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 46% CAGR demonstrates strong earnings momentum and operational leverage
  • 10-year compounded profit CAGR of 54% indicates a sustained long-term growth trajectory rarely seen in the metals sector
  • Compounded sales growth of 25% over 5 years and 26% over 10 years shows consistent revenue scaling
  • Median sales growth of 22.2% over the last 10 years reflects reliable top-line expansion across cycles
  • 5-year stock CAGR of 53% and 10-year stock CAGR of 50% show sustained wealth creation for long-term holders
  • 3-year ROE average of 21% and 5-year average of 24% indicate historically efficient capital deployment
  • TTM sales growth of 17% and TTM profit growth of 16% suggest continued forward momentum despite a higher base
  • Price-to-book ratio of 4.87x, while not cheap, is supported by the company's demonstrated ability to compound profits at 46% over 5 years
Bear Case 8
  • Promoter holding has decreased by 10.6% over the last 3 years, signaling potential reduced insider confidence or dilution
  • ROE has declined from a 5-year average of 24% to 17% in the last year, indicating deteriorating return efficiency
  • Stock has delivered -10% return over the past 1 year, suggesting market repricing or growth concerns
  • PE of 30.5x is elevated for a metals and mining company, leaving limited margin of safety if growth slows
  • TTM profit growth of 16% is significantly below the 5-year CAGR of 46%, indicating a clear deceleration in earnings growth
  • Dividend yield of just 0.39% offers minimal income cushion during periods of capital depreciation
  • TTM sales growth of 17% is below the 5-year CAGR of 25%, suggesting top-line momentum is fading
  • Price-to-book of 4.87x means the stock is priced at a significant premium to book value, increasing downside risk in a correction

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • EBITDA margin contracts to 9.52% Jul 29

    Despite strong revenue and PAT growth, EBITDA margin contracted to 9.52% in Q1FY27, indicating cost pressures even as topline scaled up significantly.

Positives 3
  • Revenue surges 42% YoY in Q1 Jul 30

    Q1FY27 revenue jumped 42% YoY to ₹1,475 crore with PAT up 14% to ₹106.37 crore, driven by higher capacity utilization and value-added products.

  • ICRA upgrades credit to AA Jul 30

    ICRA upgraded Gravita India's credit rating to AA, reflecting improved financial strength and operational performance.

  • EBITDA grows 29% to ₹145 crore Jul 29

    Consolidated EBITDA grew 29% YoY to ₹145 crore in Q1FY27, supported by a 42% increase in total income to ₹1,522.60 crore.

Neutral 2
  • Investor meetings with funds scheduled Aug 6

    Gravita scheduled virtual one-on-one meetings with Arika Capital (Aug 11) and Mirabilis Investment Trust (Aug 6), with no UPSI to be shared.

  • Q1FY27 earnings call held Jul 28 Jul 21

    Gravita hosted its post-results conference call on July 28, 2026, featuring senior management including CEO and CFO, with audio uploaded to its website.

TL;DR: Gravita India delivered a strong Q1FY27 with 42% revenue growth and a credit rating upgrade to AA, signaling robust operational momentum in the recycling business. The key risk is margin compression — EBITDA margin fell to 9.52% despite topline expansion, suggesting input cost or product mix headwinds. Active investor engagement indicates sustained institutional interest. The growth trend is positive but margin trajectory needs monitoring in coming quarters.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
703
836
758
863
908
927
996
1,037
1,040
1,036
1,017
1,173
1,475
Expenses
645
764
677
791
820
864
916
945
939
933
897
1,060
1,365
Operating Profit
58
73
80
72
88
63
81
92
101
102
120
113
110
OPM %
8%
9%
11%
8%
10%
7%
8%
9%
10%
10%
12%
10%
7%
Other Income
23
14
15
25
7
40
29
36
30
26
12
9
48
Interest
13
11
13
12
13
12
13
6
6
8
7
4
11
Depreciation
8
9
9
12
7
7
8
8
9
9
10
11
14
PBT
61
67
74
72
75
85
89
115
116
111
115
106
131
Tax %
14%
12%
17%
4%
9%
15%
12%
17%
20%
14%
15%
13%
19%
Net Profit
53
59
61
69
68
72
78
95
93
96
97
92
106
EPS in Rs
7.54
8.38
8.73
9.99
9.75
10.43
10.56
12.89
12.64
13.01
13.23
12.45
14.41
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
501
430
655
1,017
1,242
1,348
1,410
2,216
2,801
3,161
3,869
4,265
4,700
Expenses
480
412
596
926
1,180
1,239
1,288
1,998
2,594
2,873
3,541
3,830
4,256
Operating Profit
20
18
59
92
62
109
121
217
207
287
328
435
444
OPM %
4.1%
4.3%
9%
9%
5%
8%
9%
10%
7%
9%
8%
10%
9%
Other Income
4
3
1
2
5
-12
1
6
88
76
111
77
94
Interest
11
9
11
20
26
31
31
38
44
52
46
25
30
Depreciation
6
7
6
9
12
18
20
21
24
38
29
39
45
PBT
7
6
44
64
30
47
71
165
228
274
363
448
464
Tax %
-33%
8%
19%
26%
34%
22%
20%
10%
10%
12%
14%
16%
—
Net Profit
10
5
35
48
19
37
57
148
204
242
313
378
392
EPS in Rs
0.97
0.64
4.78
6.42
2.25
4.81
7.6
20.19
29.13
34.65
42.32
51.32
53.1
Div. Payout %
21%
31%
13%
11%
13%
15%
14%
15%
15%
15%
15%
12%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
14
14
14
14
14
14
14
15
15
Reserves
102
105
136
176
186
211
255
373
575
824
2,055
2,437
Borrowings
103
99
166
233
250
279
261
392
348
548
286
736
Other Liabilities
31
22
39
70
123
110
196
219
268
217
159
229
Total Liabilities
250
240
355
492
573
614
726
998
1,205
1,602
2,515
3,417
Fixed Assets
54
54
68
109
137
182
172
191
273
348
436
939
CWIP
6
15
32
24
46
15
13
42
46
43
39
48
Investments
0
0
0
0
0
0
0
0
1
16
528
413
Other Assets
190
170
255
359
390
418
540
764
885
1,194
1,512
2,017
Total Assets
250
240
355
492
573
614
726
998
1,205
1,602
2,515
3,417
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
29
1
-3
89
34
77
10
200
42
282
169
Investing
-2
-10
-49
-42
-66
-14
-19
-69
-105
-158
-864
-364
Financing
6
-17
49
40
-17
-21
-57
72
-87
121
640
178
Net Cash Flow
3
2
2
-4
6
-2
1
12
7
5
59
-17
Free Cash Flow
-4
15
-46
-42
21
19
55
-61
93
-56
175
-46
CFO/OP
5
164
6
9
164
41
73
11
108
32
101
54
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
25
34
41
28
18
15
18
18
31
26
37
Inventory Days
81
77
77
72
64
75
115
107
95
96
71
109
Days Payable
12
8
10
21
35
29
44
7
14
10
5
7
Cash Conversion Cycle
88
94
101
91
58
65
87
119
99
117
92
139
Working Capital Days
34
35
24
18
4
16
32
40
43
66
78
115
ROCE %
9%
7%
20%
23%
13%
19%
21%
31%
32%
28%
22%
17%

Shareholding Pattern

As of Jun 2026
Promoters 55.88%
Public 19.10%
FIIs 12.85%
Others 6.65%
DIIs 5.51%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
73.00%
73.00%
73.00%
73.00%
73.00%
73.00%
73.00%
73.00%
73.00%
66.48%
66.48%
66.48%
66.48%
63.37%
63.37%
59.27%
59.27%
55.88%
55.88%
55.88%
55.88%
55.88%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9.99%
10.58%
11.08%
13.40%
14.01%
14.12%
14.03%
15.09%
14.66%
15.76%
13.94%
12.85%
DIIs
0.25%
0.00%
0.00%
0.00%
0.00%
0.00%
0.19%
0.21%
0.25%
0.39%
0.43%
0.43%
0.44%
2.61%
3.21%
5.42%
5.43%
4.41%
4.87%
4.71%
5.14%
5.51%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
22.93%
22.40%
21.45%
20.67%
20.94%
21.29%
19.92%
17.48%
17.74%
17.77%
17.73%
17.59%
17.19%
15.03%
14.32%
15.54%
15.76%
18.51%
18.61%
17.36%
18.16%
19.10%
Others
3.82%
4.60%
5.55%
6.33%
6.06%
5.71%
6.89%
9.32%
9.00%
15.35%
5.37%
4.91%
4.81%
5.59%
5.09%
5.65%
5.50%
6.11%
5.98%
6.29%
6.88%
6.65%
No. of Shareholders
0
18,708
23,041
34,404
38,136
43,751
43,826
44,118
53,190
62,916
76,242
81,524
75,335
75,740
97,869
1,22,858
1,26,954
1,50,647
1,60,487
1,46,728
1,51,337
1,57,641

Documents

Frequently Asked Questions about Gravita India Ltd

What does Gravita India Ltd do?
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 use...
Where is Gravita India Ltd (GRAVITA) listed?
Gravita India Ltd is listed on the Indian stock exchanges. It is listed on NSE: GRAVITA and BSE: 533282. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Gravita India Ltd belong to?
Gravita India Ltd operates in the Metals & Mining sector within the Industrial Minerals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Gravita India Ltd?
Gravita India Ltd has a market capitalisation of approximately ₹12655.94 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Gravita India Ltd?
The Price-to-Earnings (PE) ratio of Gravita India Ltd is 32.62. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Gravita India Ltd?
Over the past 52 weeks, Gravita India Ltd has traded between a low of ₹1,266.9 and a high of ₹1,913.6. This range helps investors understand the stock's price volatility and recent trading levels.
Does Gravita India Ltd pay dividends?
Yes, Gravita India Ltd has a dividend yield of 0.37%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Gravita India Ltd?
Gravita India Ltd has a Return on Equity (ROE) of 15.06%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Gravita India Ltd on Tapetide?
On Tapetide, you can view Gravita India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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.

Website gravitaindia.com
CEO Mr. Rajat Agrawal
Employees 3,116
Listed 2010-11-16
Face Value ₹ 2
Issued Size 7,38,08,451

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