Gravity (India) Ltd

Gravity (India) Ltd

₹ 4.54 -1.30%
24 Jun - 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 4.09 Cr.
  • Current Price 4.54
  • High / Low 6.00 / 3.06
  • Stock P/E
  • Book Value 4.52
  • Dividend Yield 0.00 %
  • ROCE -81.2 %
  • ROE -86.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.00 times its book value
  • Debtor days have improved from 182 to 40.6 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -28.4% over past five years.
  • Promoter holding is low: 24.2%
  • Company has a low return on equity of -24.4% over last 3 years.
  • Company might be capitalizing the interest cost

* 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 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.12 0.57 3.15 4.04 5.00 2.44 2.25 1.60 3.95 0.73 0.88 0.43 0.21
2.11 0.77 2.85 3.98 4.97 2.75 2.25 1.65 4.32 0.93 0.97 2.29 5.84
Operating Profit 0.01 -0.20 0.30 0.06 0.03 -0.31 0.00 -0.05 -0.37 -0.20 -0.09 -1.86 -5.63
OPM % 0.47% -35.09% 9.52% 1.49% 0.60% -12.70% 0.00% -3.12% -9.37% -27.40% -10.23% -432.56% -2,680.95%
0.09 0.02 0.07 0.05 0.02 0.01 0.00 0.01 0.01 0.01 0.01 0.00 0.01
Interest 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.05 0.05 0.04 0.04
Depreciation 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.07
Profit before tax 0.04 -0.23 0.32 0.06 0.00 -0.35 -0.05 -0.09 -0.47 -0.29 -0.18 -1.95 -5.73
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 155.56% -36.17% 0.00% 0.00% 0.00% 34.90%
0.04 -0.23 0.32 0.06 0.00 -0.36 -0.05 0.05 -0.64 -0.30 -0.18 -1.95 -3.73
EPS in Rs 0.04 -0.26 0.36 0.07 0.00 -0.40 -0.06 0.06 -0.71 -0.33 -0.20 -2.17 -4.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
32.83 27.65 27.98 19.72 23.96 21.37 11.97 16.90 2.36 12.68 10.19 2.25
32.25 27.11 28.24 20.23 24.85 21.25 12.86 16.99 2.65 12.51 10.93 10.02
Operating Profit 0.58 0.54 -0.26 -0.51 -0.89 0.12 -0.89 -0.09 -0.29 0.17 -0.74 -7.77
OPM % 1.77% 1.95% -0.93% -2.59% -3.71% 0.56% -7.44% -0.53% -12.29% 1.34% -7.26% -345.33%
0.07 0.05 0.13 0.41 1.11 0.09 2.77 0.13 0.13 0.15 0.04 0.02
Interest 0.01 0.02 0.02 0.01 0.01 0.03 0.01 0.08 0.07 0.00 0.06 0.18
Depreciation 0.54 0.53 0.52 0.49 0.20 0.15 0.15 0.15 0.15 0.20 0.21 0.23
Profit before tax 0.10 0.04 -0.67 -0.60 0.01 0.03 1.72 -0.19 -0.38 0.12 -0.97 -8.16
Tax % 120.00% 25.00% 4.48% 11.67% 400.00% 2,366.67% 40.70% 268.42% 23.68% 25.00% -3.09% 24.51%
-0.03 0.02 -0.64 -0.53 -0.04 -0.69 1.02 0.32 -0.29 0.08 -1.00 -6.16
EPS in Rs -0.03 0.02 -0.71 -0.59 -0.04 -0.77 1.13 0.36 -0.32 0.09 -1.11 -6.84
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: -22%
5 Years: -28%
3 Years: -2%
TTM: -78%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -516%
Stock Price CAGR
10 Years: 6%
5 Years: 16%
3 Years: 19%
1 Year: 14%
Return on Equity
10 Years: -10%
5 Years: -14%
3 Years: -24%
Last Year: -86%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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
Reserves 2.96 2.98 2.34 1.81 1.77 1.09 2.11 2.43 2.14 2.22 1.23 -4.93
8.06 8.06 8.06 3.52 1.55 1.55 1.55 1.55 1.55 1.55 2.67 2.68
9.44 2.94 1.01 4.08 2.15 9.72 4.57 8.80 3.11 2.53 3.74 0.82
Total Liabilities 29.46 22.98 20.41 18.41 14.47 21.36 17.23 21.78 15.80 15.30 16.64 7.57
5.36 4.86 4.28 3.39 1.95 2.04 1.90 1.75 1.60 2.27 2.33 2.22
CWIP 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
19.02 15.86 15.93 14.54 12.50 19.02 14.93 19.16 13.33 13.03 14.21 5.35
Total Assets 29.46 22.98 20.41 18.41 14.47 21.36 17.23 21.78 15.80 15.30 16.64 7.57

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.89 -3.84 -2.10 4.24 -1.06 0.73 -1.23 0.36 -1.13 0.18 -0.90 -0.11
-0.12 2.79 2.06 0.45 2.63 -0.49 2.57 -0.38 0.05 0.10 -0.36 -0.12
2.27 -0.01 -0.02 -4.56 -1.97 -0.03 -0.01 -0.08 -0.07 0.00 0.98 -0.17
Net Cash Flow 1.26 -1.06 -0.06 0.12 -0.40 0.21 1.33 -0.10 -1.14 0.27 -0.28 -0.40

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 178.11 170.82 127.84 180.83 118.67 242.19 314.08 269.75 1,340.91 207.26 297.30 40.56
Inventory Days 11.04 25.08 52.12 57.70 52.64 27.85 2.84 48.41 251.66 126.26 151.45 203.69
Days Payable 52.16 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 136.99 188.08 169.74 190.04 140.39 98.93 216.74 148.16 1,066.20 249.34 293.90 172.43
Working Capital Days 83.61 154.84 176.63 164.36 142.13 151.67 275.66 186.82 1,478.56 278.93 346.73 353.64
ROCE % 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

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