Gravita India Ltd

Gravita India Ltd

₹ 2,081 1.33%
21 May 9:58 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 15,357 Cr.
  • Current Price 2,081
  • High / Low 2,700 / 915
  • Stock P/E 49.1
  • Book Value 280
  • Dividend Yield 0.31 %
  • ROCE 21.6 %
  • ROE 21.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 49.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%
  • Company's median sales growth is 22.0% of last 10 years

Cons

  • Stock is trading at 7.32 times its book value
  • Tax rate seems low
  • Earnings include an other income of Rs.112 Cr.
  • Promoter holding has decreased over last 3 years: -13.7%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
666 580 683 789 749 703 836 758 863 908 927 996 1,037
597 564 624 712 686 645 764 677 791 820 864 916 945
Operating Profit 70 16 59 78 63 58 73 80 72 88 63 81 92
OPM % 10% 3% 9% 10% 8% 8% 9% 11% 8% 10% 7% 8% 9%
-1 50 7 -5 23 23 14 15 25 7 40 29 36
Interest 14 11 10 9 10 13 11 13 12 13 12 13 6
Depreciation 5 5 6 6 7 8 9 9 12 7 7 8 8
Profit before tax 49 50 50 58 70 61 67 74 72 75 85 89 115
Tax % 7% 11% 10% 12% 8% 14% 12% 17% 4% 9% 15% 12% 17%
46 45 45 50 64 53 59 61 69 68 72 78 95
EPS in Rs 5.99 6.16 6.46 7.27 9.24 7.54 8.38 8.73 9.99 9.75 10.43 10.56 12.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
516 501 430 655 1,017 1,242 1,348 1,410 2,216 2,801 3,161 3,869
472 480 412 596 926 1,180 1,239 1,288 1,998 2,594 2,873 3,545
Operating Profit 44 20 18 59 92 62 109 121 217 207 287 324
OPM % 9% 4% 4% 9% 9% 5% 8% 9% 10% 7% 9% 8%
-3 4 3 1 2 5 -12 1 6 88 76 112
Interest 10 11 9 11 20 26 31 31 38 44 52 43
Depreciation 6 6 7 6 9 12 18 20 21 24 38 29
Profit before tax 25 7 6 44 64 30 47 71 165 228 274 363
Tax % 12% -33% 8% 19% 26% 34% 22% 20% 10% 10% 12% 14%
22 10 5 35 48 19 37 57 148 204 242 313
EPS in Rs 3.13 0.97 0.64 4.78 6.42 2.25 4.81 7.60 20.19 29.13 34.65 42.32
Dividend Payout % 26% 21% 31% 13% 11% 13% 15% 14% 15% 15% 15% 15%
Compounded Sales Growth
10 Years: 23%
5 Years: 23%
3 Years: 20%
TTM: 22%
Compounded Profit Growth
10 Years: 46%
5 Years: 49%
3 Years: 30%
TTM: 30%
Stock Price CAGR
10 Years: 50%
5 Years: 128%
3 Years: 93%
1 Year: 116%
Return on Equity
10 Years: 27%
5 Years: 30%
3 Years: 29%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 98 102 105 136 176 186 211 255 373 575 824 2,055
82 103 99 166 233 250 279 261 392 348 548 286
26 31 22 39 70 123 110 196 219 268 217 159
Total Liabilities 220 250 240 355 492 573 614 726 998 1,205 1,602 2,515
61 54 54 68 109 137 182 172 191 273 348 436
CWIP 6 6 15 32 24 46 15 13 42 46 43 39
Investments 0 0 0 0 0 0 0 0 0 1 16 528
153 190 170 255 359 390 418 540 764 885 1,194 1,512
Total Assets 220 250 240 355 492 573 614 726 998 1,205 1,602 2,515

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
18 -0 29 1 -3 89 34 77 10 200 42 282
-8 -2 -10 -49 -42 -66 -14 -19 -69 -105 -158 -864
-10 6 -17 49 40 -17 -21 -57 72 -87 121 640
Net Cash Flow -0 3 2 2 -4 6 -2 1 12 7 5 59

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 30 19 25 34 41 28 18 15 18 18 31 26
Inventory Days 57 81 77 77 72 64 75 115 107 95 96 71
Days Payable 7 12 8 10 21 35 29 44 7 14 10 5
Cash Conversion Cycle 80 88 94 101 91 58 65 87 119 99 117 92
Working Capital Days 80 103 113 103 94 66 74 86 86 77 100 133
ROCE % 21% 9% 7% 20% 23% 13% 19% 21% 31% 32% 28% 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