Gravita India Ltd

Gravita India Ltd

₹ 1,644 1.76%
21 May - close price
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 Profile[1][2]
The Co. is in the business of lead recycling, where it processes battery scrap into value-added products like pure lead, lead alloys, lead sheets, lead bricks, red lead, and lead oxide

  • Market Cap 12,132 Cr.
  • Current Price 1,644
  • High / Low 2,092 / 1,267
  • Stock P/E 40.8
  • Book Value 250
  • Dividend Yield 0.39 %
  • ROCE 19.6 %
  • ROE 17.3 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 54.0% CAGR over last 5 years
  • Company's median sales growth is 26.8% of last 10 years

Cons

  • Promoter holding has decreased over last 3 years: -17.1%
  • Working capital days have increased from 60.0 days to 87.3 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
696 654 705 599 721 757 786 819 860 851 852 864 915
654 609 643 551 676 706 734 773 786 779 762 789 838
Operating Profit 42 44 62 48 44 51 52 46 74 71 90 75 76
OPM % 6% 7% 9% 8% 6% 7% 7% 6% 9% 8% 11% 9% 8%
22 17 -1 23 16 2 18 5 22 20 19 22 16
Interest 9 10 7 8 7 6 7 7 1 1 3 2 3
Depreciation 3 3 3 3 3 4 4 4 4 4 4 5 5
Profit before tax 53 48 51 60 50 43 59 40 91 86 102 90 84
Tax % 3% 19% 14% 16% 6% 16% 15% 14% 19% 21% 15% 20% 17%
51 39 44 50 47 36 51 34 74 68 87 72 70
EPS in Rs 7.40 5.61 6.30 7.31 6.80 5.19 7.33 4.63 9.96 9.21 11.82 9.78 9.44
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
334 353 533 787 1,059 1,172 1,226 1,894 2,524 2,679 3,223 3,481
327 343 493 729 1,018 1,100 1,161 1,813 2,422 2,478 2,998 3,169
Operating Profit 7 10 40 58 42 72 65 81 102 202 225 312
OPM % 2% 3% 7% 7% 4% 6% 5% 4% 4% 8% 7% 9%
7 4 1 1 12 -9 10 6 59 52 46 77
Interest 9 8 9 18 23 27 26 30 34 32 23 9
Depreciation 3 3 3 5 7 9 9 9 11 13 15 18
Profit before tax 2 3 28 36 24 28 40 49 116 208 233 363
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
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
Dividend Payout % 27% 42% 18% 19% 11% 22% 24% 52% 30% 20% 24% 0%
Compounded Sales Growth
10 Years: 26%
5 Years: 23%
3 Years: 11%
TTM: 8%
Compounded Profit Growth
10 Years: 72%
5 Years: 54%
3 Years: 43%
TTM: 57%
Stock Price CAGR
10 Years: 53%
5 Years: 73%
3 Years: 43%
1 Year: -20%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 21%
Last Year: 17%

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

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/OP -25% 71% -19% -16% 142% 37% 91% -13% 113% 63% 94% 15%

Ratios

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
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 87
ROCE % 7% 5% 17% 18% 13% 18% 17% 17% 27% 37% 21% 20%

Insights

In beta
Mar 2015 Mar 2020 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Installed Recycling Capacity
MTPA

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Value Added Products Contribution to Revenue
%
Lead Segment Installed Capacity
MTPA
Aluminium Segment Sales Volume
MT
Capacity Utilization (Average Group)
%
Lead Segment Sales Volume
MT
Own Yards Globally
Number
Sourcing Touchpoints
Number
Total Sales Volumes
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
66.48% 66.48% 66.48% 66.48% 63.37% 63.37% 59.27% 59.27% 55.88% 55.88% 55.88% 55.88%
9.32% 9.99% 10.58% 11.08% 13.40% 14.01% 14.12% 14.03% 15.09% 14.65% 15.75% 13.94%
0.39% 0.42% 0.43% 0.43% 2.61% 3.21% 5.41% 5.44% 4.41% 4.87% 4.71% 5.15%
21.81% 21.66% 21.06% 20.56% 19.18% 17.95% 19.83% 19.90% 23.27% 23.26% 22.33% 23.71%
1.98% 1.45% 1.45% 1.45% 1.45% 1.45% 1.35% 1.35% 1.33% 1.33% 1.32% 1.32%
No. of Shareholders 62,91676,24281,52475,33575,74097,8691,25,8941,26,9541,50,6471,60,4871,46,7281,51,337

* 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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