Gravity (India) Ltd

Gravity (India) Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gravity (India) Ltd

₹ 4.27 8.38%
19 Apr - close price
gravityindia.net BSE: 532015
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.

Website BSE
  • Market Cap ₹ 3.84 Cr.
  • Current Price ₹ 4.27
  • High / Low ₹ 6.00 / 3.06
  • Stock P/E
  • Book Value ₹ 10.8
  • Dividend Yield 0.00 %
  • ROCE -7.09 %
  • ROE -9.32 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.39 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.8% over past five years.
  • Promoter holding is low: 24.2%
  • Company has a low return on equity of -3.65% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 297 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.09 2.12 0.57 3.15 4.04 5.00 2.44 2.25 1.60 3.95 0.73 0.88 0.43
0.18 2.11 0.77 2.85 3.98 4.97 2.75 2.25 1.65 4.32 0.93 0.97 2.29
Operating Profit -0.09 0.01 -0.20 0.30 0.06 0.03 -0.31 0.00 -0.05 -0.37 -0.20 -0.09 -1.86
OPM % -100.00% 0.47% -35.09% 9.52% 1.49% 0.60% -12.70% 0.00% -3.12% -9.37% -27.40% -10.23% -432.56%
0.01 0.09 0.02 0.07 0.05 0.02 0.01 0.00 0.01 0.01 0.01 0.01 0.00
Interest 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.05 0.05 0.04
Depreciation 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Profit before tax -0.14 0.04 -0.23 0.32 0.06 0.00 -0.35 -0.05 -0.09 -0.47 -0.29 -0.18 -1.95
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 155.56% -36.17% 0.00% 0.00% 0.00%
-0.14 0.04 -0.23 0.32 0.06 0.00 -0.36 -0.05 0.05 -0.64 -0.30 -0.18 -1.95
EPS in Rs -0.16 0.04 -0.26 0.36 0.07 0.00 -0.40 -0.06 0.06 -0.71 -0.33 -0.20 -2.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
31.85 32.83 27.65 27.98 19.72 23.96 21.37 11.97 16.90 2.36 12.68 10.19 5.99
31.29 32.25 27.11 28.24 20.23 24.85 21.25 12.86 16.99 2.65 12.51 10.93 8.51
Operating Profit 0.56 0.58 0.54 -0.26 -0.51 -0.89 0.12 -0.89 -0.09 -0.29 0.17 -0.74 -2.52
OPM % 1.76% 1.77% 1.95% -0.93% -2.59% -3.71% 0.56% -7.44% -0.53% -12.29% 1.34% -7.26% -42.07%
0.07 0.07 0.05 0.13 0.41 1.11 0.09 2.77 0.13 0.13 0.15 0.04 0.03
Interest 0.01 0.01 0.02 0.02 0.01 0.01 0.03 0.01 0.08 0.07 0.00 0.06 0.20
Depreciation 0.54 0.54 0.53 0.52 0.49 0.20 0.15 0.15 0.15 0.15 0.20 0.21 0.20
Profit before tax 0.08 0.10 0.04 -0.67 -0.60 0.01 0.03 1.72 -0.19 -0.38 0.12 -0.97 -2.89
Tax % 37.50% 120.00% 25.00% 4.48% 11.67% 400.00% 2,366.67% 40.70% 268.42% 23.68% 25.00% -3.09%
0.06 -0.03 0.02 -0.64 -0.53 -0.04 -0.69 1.02 0.32 -0.29 0.08 -1.00 -3.07
EPS in Rs 0.07 -0.03 0.02 -0.71 -0.59 -0.04 -0.77 1.13 0.36 -0.32 0.09 -1.11 -3.41
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: -11%
5 Years: -14%
3 Years: -16%
TTM: -47%
Compounded Profit Growth
10 Years: %
5 Years: -11%
3 Years: %
TTM: -753%
Stock Price CAGR
10 Years: 6%
5 Years: 15%
3 Years: 26%
1 Year: 5%
Return on Equity
10 Years: -4%
5 Years: -3%
3 Years: -4%
Last Year: -9%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
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 2.96 2.98 2.34 1.81 1.77 1.09 2.11 2.43 2.14 2.22 1.23 0.75
8.13 8.06 8.06 8.06 3.52 1.55 1.55 1.55 1.55 1.55 1.55 2.67 2.63
11.93 9.44 2.94 1.01 4.08 2.15 9.72 4.57 8.80 3.11 2.53 3.74 3.90
Total Liabilities 32.04 29.46 22.98 20.41 18.41 14.47 21.36 17.23 21.78 15.80 15.30 16.64 16.28
5.77 5.36 4.86 4.28 3.39 1.95 2.04 1.90 1.75 1.60 2.27 2.33 2.34
CWIP 2.64 5.02 2.20 0.14 0.42 0.02 0.30 0.40 0.87 0.87 0.00 0.10 0.00
Investments 0.06 0.06 0.06 0.06 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
23.57 19.02 15.86 15.93 14.54 12.50 19.02 14.93 19.16 13.33 13.03 14.21 13.94
Total Assets 32.04 29.46 22.98 20.41 18.41 14.47 21.36 17.23 21.78 15.80 15.30 16.64 16.28

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.90 -0.89 -3.84 -2.10 4.24 -1.06 0.73 -1.23 0.36 -1.13 0.18 -0.90
-2.67 -0.12 2.79 2.06 0.45 2.63 -0.49 2.57 -0.38 0.05 0.10 -0.36
1.79 2.27 -0.01 -0.02 -4.56 -1.97 -0.03 -0.01 -0.08 -0.07 0.00 0.98
Net Cash Flow 0.02 1.26 -1.06 -0.06 0.12 -0.40 0.21 1.33 -0.10 -1.14 0.27 -0.28

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 243.41 178.11 170.82 127.84 180.83 118.67 242.19 314.08 269.75 1,340.91 207.26 297.30
Inventory Days 15.76 11.04 25.08 52.12 57.70 52.64 27.85 2.84 48.41 251.66 126.26 151.45
Days Payable 113.91 52.16 7.82 10.23 48.49 30.92 171.12 100.18 170.00 526.37 84.17 154.85
Cash Conversion Cycle 145.25 136.99 188.08 169.74 190.04 140.39 98.93 216.74 148.16 1,066.20 249.34 293.90
Working Capital Days 155.28 83.61 154.84 176.63 164.36 142.13 151.67 275.66 186.82 1,478.56 278.93 346.73
ROCE % 0.44% 0.55% 0.30% -3.30% -5.40% -7.20% 0.50% -7.90% -0.86% -2.42% 0.94% -7.09%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
23.67% 24.17% 24.21% 24.21% 24.21% 24.21% 24.21% 24.21% 24.21% 24.21% 24.21% 24.21%
76.33% 75.83% 75.79% 75.79% 75.79% 75.79% 75.80% 75.80% 75.79% 75.79% 75.79% 75.80%
No. of Shareholders 4,0764,2255,4035,7245,6645,6625,5705,5855,5305,5095,4625,459

Documents

Announcements

Annual reports