Gravita India Ltd

AI

Gravita India Ltd

₹ 1,511 1.02%
08 Nov 3:28 p.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

Business Segments [1]
i) Lead (65% in Q1 FY27 vs 89% in Q1 FY26): [2] The company recycles spent lead-acid batteries and lead scrap into high-purity refined lead, customised alloys and value-added products such as lead sheets, balls and red lead.

  • Market Cap ₹ 11,153 Cr.
  • Current Price ₹ 1,511
  • High / Low ₹ 1,914 / 1,267
  • Stock P/E 43.3
  • Book Value ₹ 266
  • Dividend Yield 0.51 %
  • ROCE 18.3 %
  • ROE 15.5 %
  • Face Value ₹ 2.00

Pros

  • Company has delivered good profit growth of 50.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.0%
  • Company's median sales growth is 26.8% of last 10 years

Cons

  • Promoter holding has decreased over last 3 years: -10.6%

* 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

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
705 599 721 757 786 819 860 851 852 864 915 860 787
643 551 676 706 734 773 786 779 762 789 838 786 723
Operating Profit 62 48 44 51 52 46 74 71 90 75 76 74 64
OPM % 9% 8% 6% 7% 7% 6% 9% 8% 11% 9% 8% 9% 8%
-1 23 16 2 18 5 22 20 19 22 16 21 8
Interest 7 8 7 6 7 7 1 1 3 2 3 5 7
Depreciation 3 3 3 4 4 4 4 4 4 5 5 6 6
Profit before tax 51 60 50 43 59 40 91 86 102 90 84 84 60
Tax % 14% 16% 6% 16% 15% 14% 19% 21% 15% 20% 17% 19% 21%
44 50 47 36 51 34 74 68 87 72 70 68 47
EPS in Rs 6.30 7.31 6.80 5.19 7.33 4.63 9.96 9.21 11.82 9.78 9.44 9.22 6.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
334 353 533 787 1,059 1,172 1,226 1,894 2,524 2,679 3,223 3,481 3,425
327 343 493 729 1,018 1,100 1,161 1,813 2,422 2,478 2,998 3,168 3,137
Operating Profit 7 10 40 58 42 72 65 81 102 202 225 314 289
OPM % 2.1% 2.9% 7% 7% 3.9% 6% 5% 4.3% 4.0% 8% 7% 9% 8%
7 4 1 1 12 -9 10 6 59 52 46 77 68
Interest 9 8 9 18 23 27 26 30 34 32 23 10 17
Depreciation 3 3 3 5 7 9 9 9 11 13 15 18 21
Profit before tax 2 3 28 36 24 28 40 49 116 208 233 363 319
Tax % -205% -1% 19% 30% 21% 20% 20% 18% 13% 14% 17% 18%
5 3 23 25 19 22 32 40 101 180 194 297 257
EPS in Rs 0.75 0.48 3.36 3.71 2.76 3.25 4.66 5.76 14.65 26.02 26.30 40.24 34.85
Dividend Payout % 27% 42% 18% 19% 11% 22% 24% 52% 30% 20% 24% 16%
Compounded Sales Growth
10 Years: 26%
5 Years: 23%
3 Years: 11%
TTM: 1%
Compounded Profit Growth
10 Years: 70%
5 Years: 51%
3 Years: 38%
TTM: -2%
Stock Price CAGR
10 Years: 44%
5 Years: 46%
3 Years: 10%
1 Year: -13%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 20%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 14 14 14 14 14 14 14 14 14 14 15 15 15
Reserves 76 79 102 122 136 150 175 194 295 443 1,580 1,832 1,948
90 94 160 207 216 230 212 322 286 268 12 336 447
16 10 24 64 119 85 186 229 251 315 244 239 191
Total Liabilities 196 197 299 407 485 480 587 758 846 1,039 1,851 2,422 2,601
37 38 54 82 107 117 115 140 177 203 216 319 338
CWIP 3 12 23 14 9 3 5 15 14 8 25 19 56
Investments 27 27 29 17 24 15 10 9 10 9 534 935 985
129 120 192 294 345 345 457 594 645 819 1,076 1,149 1,222
Total Assets 196 197 299 407 485 480 587 758 846 1,039 1,851 2,422 2,601

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-1 7 -9 -18 54 20 53 -21 96 91 168 -8
-8 -4 -40 -10 -34 -0 -2 -41 -22 -15 -783 -308
9 -4 52 27 -18 -22 -50 61 -68 -82 666 267
Net Cash Flow 0 -1 3 -2 2 -3 1 -1 6 -6 52 -48
Free Cash Flow -5 -3 -46 -40 27 16 39 -65 47 63 121 -136
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -25% 71% -19% -16% 142% 37% 91% -13% 113% 63% 94% 15%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 23 30 41 49 37 19 19 20 20 29 23 26
Inventory Days 79 60 70 69 52 55 88 79 64 76 57 76
Days Payable 12 6 11 31 42 28 45 16 17 30 21 18
Cash Conversion Cycle 90 84 100 87 47 46 63 82 67 76 58 84
Working Capital Days 12 9 5 9 1 15 25 27 26 33 60 52
ROCE % 7% 5% 17% 18% 13% 18% 17% 17% 27% 37% 21% 18%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Value-Added Products Share of Revenue
%

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Total Installed Recycling Capacity (Lead + Aluminium + Plastic + Rubber + Copper + Lithium)
MTPA
Number of Recycling/Manufacturing Plants
count
Capacity Utilization
%
Global Scrap Collection Volume
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
66.48% 66.48% 63.37% 63.37% 59.27% 59.27% 55.88% 55.88% 55.88% 55.88% 55.88% 55.88%
10.58% 11.08% 13.40% 14.01% 14.12% 14.03% 15.09% 14.65% 15.75% 13.94% 12.86% 11.78%
0.43% 0.43% 2.61% 3.21% 5.41% 5.44% 4.41% 4.87% 4.71% 5.15% 5.52% 4.90%
21.06% 20.56% 19.18% 17.95% 19.83% 19.90% 23.27% 23.26% 22.33% 23.71% 24.44% 26.15%
1.45% 1.45% 1.45% 1.45% 1.35% 1.35% 1.33% 1.33% 1.32% 1.32% 1.32% 1.30%
No. of Shareholders 81,52475,33575,74097,8691,25,8941,26,9541,50,6471,60,4871,46,7281,51,3371,57,6411,62,848

* 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.

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