Gravita India Ltd

Gravita India Ltd

₹ 972 0.09%
24 Apr 12:01 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

Product Portfolio
Co’s product is classified into 5 verticals: Lead recycling, Aluminium recycling, Plastic recycling, Rubber recycling, and Turnkey Solutions. Some of its products are Pure Lead, Specific Lead Alloy, Lead sheets, Lead powder, Pet flakes, etc.[1]

  • Market Cap 6,713 Cr.
  • Current Price 972
  • High / Low 1,167 / 484
  • Stock P/E 36.5
  • Book Value 52.2
  • Dividend Yield 0.44 %
  • ROCE 26.9 %
  • ROE 39.4 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 31.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
  • Company has been maintaining a healthy dividend payout of 35.1%
  • Company's median sales growth is 32.0% of last 10 years

Cons

  • Stock is trading at 18.6 times its book value
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -6.52%

* 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

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
329 387 394 471 468 561 503 618 707 696 654 705 599
306 367 380 450 453 532 513 592 665 654 609 643 551
Operating Profit 23 20 14 21 15 29 -10 26 41 42 44 62 48
OPM % 7% 5% 4% 4% 3% 5% -2% 4% 6% 6% 7% 9% 8%
-3 1 3 1 2 2 41 5 -9 22 17 -1 23
Interest 6 6 5 5 5 13 8 8 8 9 10 7 8
Depreciation 2 2 2 2 2 2 2 3 3 3 3 3 3
Profit before tax 12 13 10 14 9 16 20 21 22 53 48 51 60
Tax % 18% 4% 16% 18% 17% 21% 19% 21% 23% 3% 19% 14% 16%
10 12 8 11 8 12 16 16 17 51 39 44 50
EPS in Rs 1.45 1.78 1.21 1.65 1.11 1.78 2.37 2.38 2.51 7.40 5.61 6.30 7.31
Raw PDF
Upcoming result date: 30 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
203 256 338 334 353 533 787 1,059 1,172 1,226 1,894 2,524 2,655
194 242 314 327 343 493 729 1,018 1,100 1,161 1,813 2,422 2,458
Operating Profit 9 14 24 7 10 40 58 42 73 65 81 102 197
OPM % 4% 6% 7% 2% 3% 7% 7% 4% 6% 5% 4% 4% 7%
4 12 3 7 4 1 1 12 -9 10 6 59 60
Interest 2 6 9 9 8 9 18 23 27 26 30 34 33
Depreciation 1 1 2 3 3 3 5 7 9 9 9 11 13
Profit before tax 10 20 16 2 3 28 36 24 28 40 49 116 211
Tax % 22% 8% 7% -205% -1% 19% 30% 21% 20% 20% 18% 13%
8 18 15 5 3 23 25 19 22 32 40 101 184
EPS in Rs 1.15 2.64 2.18 0.75 0.48 3.36 3.71 2.76 3.25 4.66 5.76 14.65 26.62
Dividend Payout % 70% 30% 37% 27% 42% 18% 19% 11% 22% 24% 52% 30%
Compounded Sales Growth
10 Years: 26%
5 Years: 26%
3 Years: 29%
TTM: 11%
Compounded Profit Growth
10 Years: 22%
5 Years: 32%
3 Years: 47%
TTM: 195%
Stock Price CAGR
10 Years: 39%
5 Years: 63%
3 Years: 118%
1 Year: 96%
Return on Equity
10 Years: 21%
5 Years: 24%
3 Years: 28%
Last Year: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 51 64 73 76 79 102 122 136 150 175 194 295 347
44 55 67 90 94 160 207 216 230 212 322 286 250
14 29 23 16 10 24 64 119 86 186 229 251 320
Total Liabilities 123 162 177 196 197 299 407 485 481 587 758 846 930
11 12 42 37 38 54 82 107 117 115 140 177 185
CWIP -0 7 2 3 12 23 14 9 3 5 15 14 19
Investments 40 41 22 27 27 29 17 24 15 10 9 10 10
72 103 111 129 120 192 294 345 346 457 594 645 716
Total Assets 123 162 177 196 197 299 407 485 481 587 758 846 930

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 3 4 -1 7 -9 -18 54 20 53 -21 96
-7 0 -5 -8 -4 -40 -10 -34 -0 -2 -41 -22
8 -3 0 9 -4 52 27 -18 -22 -50 61 -68
Net Cash Flow 1 -0 -0 0 -1 3 -2 2 -3 1 -1 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 51 32 37 23 30 41 49 37 18 19 20 20
Inventory Days 31 63 48 79 60 70 69 52 55 88 79 64
Days Payable 14 36 16 12 6 11 31 42 28 45 16 17
Cash Conversion Cycle 69 59 69 90 84 100 87 47 45 63 82 67
Working Capital Days 75 68 73 100 99 98 95 69 73 74 68 54
ROCE % 12% 17% 17% 7% 5% 17% 18% 13% 18% 17% 17% 27%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 66.48% 66.48% 66.48% 66.48%
0.00% 0.86% 1.38% 1.21% 1.13% 0.79% 3.48% 3.08% 9.32% 9.99% 10.58% 11.08%
0.00% 0.00% 0.15% 0.15% 0.00% 0.19% 0.21% 0.25% 0.39% 0.42% 0.43% 0.43%
25.00% 24.14% 23.47% 23.64% 23.87% 24.02% 21.29% 21.66% 21.81% 21.66% 21.06% 20.56%
2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 1.98% 1.45% 1.45% 1.45%
No. of Shareholders 23,04134,40438,13643,75143,82644,11847,71553,19062,91676,24281,52475,335

* 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