Gravity (India) Ltd
Incorporated in 1987, Gravity (India) Ltd is in the business of manufacturing of furnishing fabrics[1]
- Market Cap ₹ 5.76 Cr.
- Current Price ₹ 6.40
- High / Low ₹ 7.48 / 3.72
- Stock P/E 3.72
- Book Value ₹ 3.98
- Dividend Yield 0.00 %
- ROCE -38.2 %
- ROE -65.6 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 145 to 95.7 days.
Cons
- Promoter holding has decreased over last quarter: -3.91%
- The company has delivered a poor sales growth of -40.9% over past five years.
- Promoter holding is low: 5.99%
- Company has a low return on equity of -43.8% over last 3 years.
- Contingent liabilities of Rs.3.70 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1.22 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.65 | 27.98 | 19.72 | 23.96 | 21.37 | 11.97 | 16.90 | 2.36 | 12.68 | 10.19 | 2.22 | 1.22 | 20.75 | |
| 27.11 | 28.24 | 20.23 | 24.85 | 21.25 | 12.86 | 16.99 | 2.65 | 12.51 | 10.93 | 9.99 | 3.95 | 19.94 | |
| Operating Profit | 0.54 | -0.26 | -0.51 | -0.89 | 0.12 | -0.89 | -0.09 | -0.29 | 0.17 | -0.74 | -7.77 | -2.73 | 0.81 |
| OPM % | 1.95% | -0.93% | -2.59% | -3.71% | 0.56% | -7.44% | -0.53% | -12.29% | 1.34% | -7.26% | -350.00% | -223.77% | 3.90% |
| 0.05 | 0.13 | 0.41 | 1.11 | 0.09 | 2.77 | 0.13 | 0.13 | 0.15 | 0.04 | 0.02 | 0.75 | 1.22 | |
| Interest | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 | 0.01 | 0.08 | 0.07 | 0.00 | 0.06 | 0.18 | 0.14 | 0.08 |
| Depreciation | 0.53 | 0.52 | 0.49 | 0.20 | 0.15 | 0.15 | 0.15 | 0.15 | 0.20 | 0.21 | 0.23 | 0.23 | 0.22 |
| Profit before tax | 0.04 | -0.67 | -0.60 | 0.01 | 0.03 | 1.72 | -0.19 | -0.38 | 0.12 | -0.97 | -8.16 | -2.35 | 1.73 |
| Tax % | 25.00% | -4.48% | -11.67% | 400.00% | 2,366.67% | 40.70% | -268.42% | -23.68% | 25.00% | 3.09% | -24.51% | -14.47% | |
| 0.02 | -0.64 | -0.53 | -0.04 | -0.69 | 1.02 | 0.32 | -0.29 | 0.08 | -1.00 | -6.16 | -2.01 | 1.55 | |
| EPS in Rs | 0.02 | -0.71 | -0.59 | -0.04 | -0.77 | 1.13 | 0.36 | -0.32 | 0.09 | -1.11 | -6.84 | -2.23 | 1.73 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -27% |
| 5 Years: | -41% |
| 3 Years: | -54% |
| TTM: | 1022% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 120% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 44% |
| 3 Years: | 3% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | -13% |
| 5 Years: | -22% |
| 3 Years: | -44% |
| Last Year: | -66% |
Balance Sheet
Figures in Rs. Crores
| 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 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Reserves | 2.98 | 2.34 | 1.81 | 1.77 | 1.09 | 2.11 | 2.43 | 2.14 | 2.22 | 1.23 | -4.93 | -6.94 | -5.42 |
| 8.06 | 8.06 | 3.52 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 2.67 | 2.68 | 2.75 | 2.37 | |
| 2.94 | 1.01 | 4.08 | 2.15 | 9.72 | 4.57 | 8.80 | 3.11 | 2.53 | 3.74 | 0.82 | 1.19 | 19.18 | |
| Total Liabilities | 22.98 | 20.41 | 18.41 | 14.47 | 21.36 | 17.23 | 21.78 | 15.80 | 15.30 | 16.64 | 7.57 | 6.00 | 25.13 |
| 4.86 | 4.28 | 3.39 | 1.95 | 2.04 | 1.90 | 1.75 | 1.60 | 2.27 | 2.33 | 2.22 | 1.83 | 1.73 | |
| CWIP | 2.20 | 0.14 | 0.42 | 0.02 | 0.30 | 0.40 | 0.87 | 0.87 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 |
| Investments | 0.06 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15.86 | 15.93 | 14.54 | 12.50 | 19.02 | 14.93 | 19.16 | 13.33 | 13.03 | 14.21 | 5.35 | 4.17 | 23.40 | |
| Total Assets | 22.98 | 20.41 | 18.41 | 14.47 | 21.36 | 17.23 | 21.78 | 15.80 | 15.30 | 16.64 | 7.57 | 6.00 | 25.13 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3.84 | -2.10 | 4.24 | -1.06 | 0.73 | -1.23 | 0.36 | -1.13 | 0.18 | -0.97 | -0.11 | -0.39 | |
| 2.79 | 2.06 | 0.45 | 2.63 | -0.49 | 2.57 | -0.38 | 0.05 | 0.10 | -0.36 | -0.12 | 0.56 | |
| -0.01 | -0.02 | -4.56 | -1.97 | -0.03 | -0.01 | -0.08 | -0.07 | 0.00 | 1.05 | -0.17 | -0.06 | |
| Net Cash Flow | -1.06 | -0.06 | 0.12 | -0.40 | 0.21 | 1.33 | -0.10 | -1.14 | 0.27 | -0.28 | -0.40 | 0.11 |
Ratios
Figures in Rs. Crores
| 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 | 170.82 | 127.84 | 180.83 | 118.67 | 242.19 | 314.08 | 269.75 | 1,340.91 | 207.26 | 297.30 | 41.10 | 95.74 |
| Inventory Days | 25.08 | 52.12 | 57.70 | 52.64 | 27.85 | 2.84 | 48.41 | 251.66 | 126.26 | 151.45 | 203.69 | 0.00 |
| Days Payable | 7.82 | 10.23 | 48.49 | 30.92 | 171.12 | 100.18 | 170.00 | 526.37 | 84.17 | 154.85 | 71.82 | |
| Cash Conversion Cycle | 188.08 | 169.74 | 190.04 | 140.39 | 98.93 | 216.74 | 148.16 | 1,066.20 | 249.34 | 293.90 | 172.97 | 95.74 |
| Working Capital Days | 154.84 | 176.63 | 164.36 | 142.13 | 151.67 | 275.66 | 186.82 | 1,478.56 | 234.31 | 288.35 | 80.56 | -487.66 |
| ROCE % | 0.30% | -3.30% | -5.40% | -7.20% | 0.50% | -7.90% | -0.86% | -2.42% | 0.94% | -7.09% | -81.22% | -38.24% |
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting Of Gravity India Limited Held On 13.11.2025
9h - Unaudited Q2 results: revenue Rs2,050.14 lakh, profit Rs144.91 lakh, Sep 30, 2025.
-
Board Meeting Intimation for Intimation Of Board Meeting Dated 13.11.2025
6 Nov - Board meeting on 13 Nov 2025 to approve unaudited results for quarter ended 30 Sep 2025; trading window closed.
-
Declaration Under Regulation 13(3) Of SEBI Regulations , 2015
21 Oct - Quarterly investor complaints report for 01.07.2025–30.09.2025; no complaints received or pending.
-
Declaration Of Non-Applicability Of Report On Corporate Governance Under Regulation 27(2)
21 Oct - Exempt from Corporate Governance report for quarter ended June 30, 2025; paid-up capital INR 9,00,20,000.
-
Reg. 34 (1) Annual Report.
12 Oct - 38th Annual Report; AGM 30 Sep 2025; propose MOA object-clause change into IT/electronics; regularize MD appointment.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
GIL is in the business of manufacturing
of Synthetic fabrics and all kinds of Shirting Furnishing and Industrial Fabric from its plant
at Village Khutali in Dadra & Nagar Haveli UT.
The company diversified into the IT sector through its Subsidiary Gravity Infotech Ltd in which Gravity India holds 80% of the paid-up share capital