Gravita India Ltd

Gravita India Ltd

₹ 2,095 2.03%
21 May 9:52 a.m.
About

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.

Key Points

Product Portfolio[1]
a) Lead: Lead alloys, lead sheets, lead bricks, red lead, lead oxide.
b) Aluminium: Customized aluminium alloys.
Plastic: Plastic granules, PET flakes (food grade).
c) Rubber: Tyre oil.

  • Market Cap 15,463 Cr.
  • Current Price 2,095
  • High / Low 2,700 / 915
  • Stock P/E 79.6
  • Book Value 216
  • Dividend Yield 0.31 %
  • ROCE 21.9 %
  • ROE 18.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 43.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
  • Company has been maintaining a healthy dividend payout of 24.6%
  • Company's median sales growth is 20.3% of last 10 years

Cons

  • Stock is trading at 9.50 times its book value
  • Promoter holding has decreased over last 3 years: -13.7%
  • Working capital days have increased from 79.6 days to 117 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
561 503 618 707 696 654 705 599 721 757 786 819 860
532 513 592 665 654 609 643 551 676 706 734 773 786
Operating Profit 29 -10 26 41 42 44 62 48 44 51 52 46 74
OPM % 5% -2% 4% 6% 6% 7% 9% 8% 6% 7% 7% 6% 9%
2 41 5 -9 22 17 -1 23 16 2 18 5 22
Interest 13 8 8 8 9 10 7 8 7 6 7 7 1
Depreciation 2 2 3 3 3 3 3 3 3 4 4 4 4
Profit before tax 16 20 21 22 53 48 51 60 50 43 59 40 91
Tax % 21% 19% 21% 23% 3% 19% 14% 16% 6% 16% 15% 14% 19%
12 16 16 17 51 39 44 50 47 36 51 34 74
EPS in Rs 1.78 2.37 2.38 2.51 7.40 5.61 6.30 7.31 6.80 5.19 7.33 4.63 9.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
338 334 353 533 787 1,059 1,172 1,226 1,894 2,524 2,679 3,223
314 327 343 493 729 1,018 1,100 1,161 1,813 2,422 2,478 3,000
Operating Profit 24 7 10 40 58 42 73 65 81 102 202 223
OPM % 7% 2% 3% 7% 7% 4% 6% 5% 4% 4% 8% 7%
3 7 4 1 1 12 -9 10 6 59 52 47
Interest 9 9 8 9 18 23 27 26 30 34 32 22
Depreciation 2 3 3 3 5 7 9 9 9 11 13 15
Profit before tax 16 2 3 28 36 24 28 40 49 116 208 233
Tax % 7% -205% -1% 19% 30% 21% 20% 20% 18% 13% 14% 17%
15 5 3 23 25 19 22 32 40 101 180 194
EPS in Rs 2.18 0.75 0.48 3.36 3.71 2.76 3.25 4.66 5.76 14.65 26.02 26.30
Dividend Payout % 37% 27% 42% 18% 19% 11% 22% 24% 52% 30% 20% 24%
Compounded Sales Growth
10 Years: 25%
5 Years: 22%
3 Years: 19%
TTM: 20%
Compounded Profit Growth
10 Years: 43%
5 Years: 44%
3 Years: 69%
TTM: 7%
Stock Price CAGR
10 Years: 50%
5 Years: 128%
3 Years: 93%
1 Year: 116%
Return on Equity
10 Years: 25%
5 Years: 27%
3 Years: 29%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 15
Reserves 73 76 79 102 122 136 150 175 194 295 443 1,580
67 90 94 160 207 216 230 212 322 286 268 12
23 16 10 24 64 119 86 186 229 251 315 244
Total Liabilities 177 196 197 299 407 485 481 587 758 846 1,039 1,851
42 37 38 54 82 107 117 115 140 177 203 216
CWIP 2 3 12 23 14 9 3 5 15 14 8 25
Investments 22 27 27 29 17 24 15 10 9 10 9 534
111 129 120 192 294 345 346 457 594 645 819 1,076
Total Assets 177 196 197 299 407 485 481 587 758 846 1,039 1,851

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 -1 7 -9 -18 54 20 53 -21 96 91 168
-5 -8 -4 -40 -10 -34 -0 -2 -41 -22 -15 -783
0 9 -4 52 27 -18 -22 -50 61 -68 -82 666
Net Cash Flow -0 0 -1 3 -2 2 -3 1 -1 6 -6 52

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 37 23 30 41 49 37 18 19 20 20 29 23
Inventory Days 48 79 60 70 69 52 55 88 79 64 76 57
Days Payable 16 12 6 11 31 42 28 45 16 17 30 21
Cash Conversion Cycle 69 90 84 100 87 47 45 63 82 67 76 58
Working Capital Days 73 100 99 98 95 69 73 74 68 54 68 117
ROCE % 17% 7% 5% 17% 18% 13% 18% 17% 17% 27% 37% 22%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.00% 73.00% 73.00% 73.00% 66.48% 66.48% 66.48% 66.48% 63.37% 63.37% 59.27% 59.27%
1.13% 0.79% 3.48% 3.08% 9.32% 9.99% 10.58% 11.08% 13.40% 14.01% 14.12% 14.03%
0.00% 0.19% 0.21% 0.25% 0.39% 0.42% 0.43% 0.43% 2.61% 3.21% 5.41% 5.44%
23.87% 24.02% 21.29% 21.66% 21.81% 21.66% 21.06% 20.56% 19.18% 17.95% 19.83% 19.90%
2.00% 2.00% 2.00% 2.00% 1.98% 1.45% 1.45% 1.45% 1.45% 1.45% 1.35% 1.35%
No. of Shareholders 43,82644,11847,71553,19062,91676,24281,52475,33575,74097,8691,25,8941,26,954

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls