Gravity (India) Ltd

₹ 5.77 -2.20%
May 17 - close price
About

Incorporated in 1987, Gravity (India) Ltd. is into business of manufacturing and dealing in fabrics and all kind of Shirting, Furnishing and Industrial Fabric.

Key Points

Product Overview:[1]
Company mainly manufactures fabrics made from 100% cotton Home Furnishing Fabric, Polyester Cotton (PC), Polyester Viscose (PV), 100% cotton, 100% Polyester of Suiting fabrics as well as Shirting Fabrics and also manufactures Industrial Fabrics as per the requirement of the customer.

  • Market Cap 5.19 Cr.
  • Current Price 5.77
  • High / Low 11.4 / 2.32
  • Stock P/E 27.3
  • Book Value 12.5
  • Dividend Yield 0.00 %
  • ROCE -2.42 %
  • ROE -2.57 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.46 times its book value

Cons

  • The company has delivered a poor sales growth of -34.60% over past five years.
  • Promoter holding is low: 24.21%
  • Company has a low return on equity of -2.56% for last 3 years.
  • Company has high debtors of 1340.91 days.

* 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

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
5.77 3.16 4.66 4.71 4.38 0.04 0.10 0.09 2.12 0.57 3.15 4.04
6.02 3.37 4.68 4.72 4.22 0.12 0.14 0.18 2.11 0.77 2.85 3.98
Operating Profit -0.25 -0.21 -0.02 -0.01 0.16 -0.08 -0.04 -0.09 0.01 -0.20 0.30 0.06
OPM % -4.33% -6.65% -0.43% -0.21% 3.65% -200.00% -40.00% -100.00% 0.47% -35.09% 9.52% 1.49%
2.56 0.01 0.05 0.01 0.05 0.03 0.03 0.01 0.09 0.02 0.07 0.05
Interest 0.00 0.00 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00
Depreciation 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.05
Profit before tax 2.27 -0.24 -0.04 -0.06 0.15 -0.11 -0.07 -0.14 0.04 -0.23 0.32 0.06
Tax % 32.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 1.54 -0.24 -0.04 -0.05 0.15 -0.11 -0.07 -0.14 0.04 -0.23 0.32 0.06
EPS in Rs 1.71 -0.27 -0.04 -0.06 0.17 -0.12 -0.08 -0.16 0.04 -0.26 0.36 0.07

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
36.43 35.74 31.85 32.83 27.65 27.98 19.72 23.96 21.37 11.97 16.90 2.36 9.88
35.70 35.15 31.29 32.25 27.11 28.24 20.23 24.85 21.25 12.86 16.99 2.65 9.71
Operating Profit 0.73 0.59 0.56 0.58 0.54 -0.26 -0.51 -0.89 0.12 -0.89 -0.09 -0.29 0.17
OPM % 2.00% 1.65% 1.76% 1.77% 1.95% -0.93% -2.59% -3.71% 0.56% -7.44% -0.53% -12.29% 1.72%
0.08 0.10 0.07 0.07 0.05 0.13 0.41 1.11 0.09 2.77 0.13 0.13 0.23
Interest 0.02 0.01 0.01 0.01 0.02 0.02 0.01 0.01 0.03 0.01 0.08 0.07 0.02
Depreciation 0.55 0.54 0.54 0.54 0.53 0.52 0.49 0.20 0.15 0.15 0.15 0.15 0.19
Profit before tax 0.24 0.14 0.08 0.10 0.04 -0.67 -0.60 0.01 0.03 1.72 -0.19 -0.38 0.19
Tax % 0.00% 35.71% 37.50% 120.00% 25.00% 4.48% 11.67% 400.00% 2,366.67% 40.70% 268.42% 23.68%
Net Profit 0.24 0.09 0.06 -0.03 0.02 -0.64 -0.53 -0.04 -0.69 1.02 0.32 -0.29 0.19
EPS in Rs 0.27 0.10 0.07 -0.03 0.02 -0.71 -0.59 -0.04 -0.77 1.13 0.36 -0.32 0.21
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: -24%
5 Years: -35%
3 Years: -52%
TTM: 114%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 16%
TTM: 200%
Stock Price CAGR
10 Years: 3%
5 Years: 10%
3 Years: 45%
1 Year: 125%
Return on Equity
10 Years: -3%
5 Years: -5%
3 Years: -3%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
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 2.83 2.93 2.98 2.96 2.98 2.34 1.81 1.77 1.09 2.11 2.43 2.14 2.22
Borrowings 9.85 8.97 8.13 8.06 8.06 8.06 3.52 1.55 1.55 1.55 1.55 1.55 1.55
2.61 11.33 11.93 9.44 2.94 1.01 4.08 2.15 9.72 4.57 8.80 3.11 2.08
Total Liabilities 24.29 32.23 32.04 29.46 22.98 20.41 18.41 14.47 21.36 17.23 21.78 15.80 14.85
6.59 6.06 5.77 5.36 4.86 4.28 3.39 1.95 2.04 1.90 1.75 1.60 2.37
CWIP 0.00 0.20 2.64 5.02 2.20 0.14 0.42 0.02 0.30 0.40 0.87 0.87 0.00
Investments 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.00 0.00 0.00 0.00 0.00 0.00
17.64 25.91 23.57 19.02 15.86 15.93 14.54 12.50 19.02 14.93 19.16 13.33 12.48
Total Assets 24.29 32.23 32.04 29.46 22.98 20.41 18.41 14.47 21.36 17.23 21.78 15.80 14.85

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.60 1.01 0.90 -0.89 -3.84 -2.10 4.24 -1.06 0.73 -1.23 0.36 -1.13
-0.12 -0.20 -2.67 -0.12 2.79 2.06 0.45 2.63 -0.49 2.57 -0.38 0.05
-0.47 -0.88 1.79 2.27 -0.01 -0.02 -4.56 -1.97 -0.03 -0.01 -0.08 -0.07
Net Cash Flow 0.01 -0.07 0.02 1.26 -1.06 -0.06 0.12 -0.40 0.21 1.33 -0.10 -1.14

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 146.78 164.63 243.41 178.11 170.82 127.84 180.83 118.67 242.19 314.08 269.75 1,340.91
Inventory Days 11.30 14.20 15.76 11.04 25.08 52.12 57.70 52.64 27.85 2.84 48.41 251.66
Days Payable 23.34 119.76 113.91 52.16 7.82 10.23 48.49 30.92 171.12 100.18 170.00 526.37
Cash Conversion Cycle 134.73 59.07 145.25 136.99 188.08 169.74 190.04 140.39 98.93 216.74 148.16 1,066.20
Working Capital Days 146.38 65.87 155.28 83.61 154.84 176.63 164.36 142.13 151.67 275.35 186.82 1,478.56
ROCE % 1.19% 0.70% 0.44% 0.55% 0.30% -3.30% -5.40% -7.20% 0.50% -7.90% -0.86% -2.42%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
22.42 22.42 22.42 22.42 22.42 22.42 22.42 23.67 23.67 24.17 24.21 24.21
77.58 77.58 77.58 77.58 77.58 77.58 77.58 76.33 76.33 75.83 75.79 75.79

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