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 32.0
  • Book Value 332
  • Dividend Yield 0.39 %
  • ROCE 17.0 %
  • ROE 16.8 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 46.0% CAGR over last 5 years
  • Company's median sales growth is 22.2% of last 10 years

Cons

  • Promoter holding has decreased over last 3 years: -17.1%

* 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 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
749 703 836 758 863 908 927 996 1,037 1,040 1,036 1,017 1,173
686 645 764 677 791 820 864 916 945 939 933 897 1,060
Operating Profit 63 58 73 80 72 88 63 81 92 101 102 120 113
OPM % 8% 8% 9% 11% 8% 10% 7% 8% 9% 10% 10% 12% 10%
23 23 14 15 25 7 40 29 36 30 26 12 9
Interest 10 13 11 13 12 13 12 13 6 6 8 7 4
Depreciation 7 8 9 9 12 7 7 8 8 9 9 10 11
Profit before tax 70 61 67 74 72 75 85 89 115 116 111 115 106
Tax % 8% 14% 12% 17% 4% 9% 15% 12% 17% 20% 14% 15% 13%
64 53 59 61 69 68 72 78 95 93 96 97 92
EPS in Rs 9.24 7.54 8.38 8.73 9.99 9.75 10.43 10.56 12.89 12.64 13.01 13.23 12.45
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
501 430 655 1,017 1,242 1,348 1,410 2,216 2,801 3,161 3,869 4,265
480 412 596 926 1,180 1,239 1,288 1,998 2,594 2,873 3,541 3,830
Operating Profit 20 18 59 92 62 109 121 217 207 287 328 435
OPM % 4% 4% 9% 9% 5% 8% 9% 10% 7% 9% 8% 10%
4 3 1 2 5 -12 1 6 88 76 111 77
Interest 11 9 11 20 26 31 31 38 44 52 46 25
Depreciation 6 7 6 9 12 18 20 21 24 38 29 39
Profit before tax 7 6 44 64 30 47 71 165 228 274 363 448
Tax % -33% 8% 19% 26% 34% 22% 20% 10% 10% 12% 14% 16%
10 5 35 48 19 37 57 148 204 242 313 378
EPS in Rs 0.97 0.64 4.78 6.42 2.25 4.81 7.60 20.19 29.13 34.65 42.32 51.32
Dividend Payout % 21% 31% 13% 11% 13% 15% 14% 15% 15% 15% 15% 0%
Compounded Sales Growth
10 Years: 26%
5 Years: 25%
3 Years: 15%
TTM: 10%
Compounded Profit Growth
10 Years: 54%
5 Years: 46%
3 Years: 23%
TTM: 23%
Stock Price CAGR
10 Years: 53%
5 Years: 73%
3 Years: 43%
1 Year: -20%
Return on Equity
10 Years: 24%
5 Years: 24%
3 Years: 21%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 102 105 136 176 186 211 255 373 575 824 2,055 2,437
103 99 166 233 250 279 261 392 348 548 286 736
31 22 39 70 123 110 196 219 268 217 159 229
Total Liabilities 250 240 355 492 573 614 726 998 1,205 1,602 2,515 3,417
54 54 68 109 137 182 172 191 273 348 436 939
CWIP 6 15 32 24 46 15 13 42 46 43 39 48
Investments 0 0 0 0 0 0 0 0 1 16 528 413
190 170 255 359 390 418 540 764 885 1,194 1,512 2,017
Total Assets 250 240 355 492 573 614 726 998 1,205 1,602 2,515 3,417

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 29 1 -3 89 34 77 10 200 42 282 169
-2 -10 -49 -42 -66 -14 -19 -69 -105 -158 -864 -364
6 -17 49 40 -17 -21 -57 72 -87 121 640 178
Net Cash Flow 3 2 2 -4 6 -2 1 12 7 5 59 -17
Free Cash Flow -4 15 -46 -42 21 19 55 -61 93 -56 175 -46
CFO/OP 5% 164% 6% 9% 164% 41% 73% 11% 108% 32% 101% 54%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 19 25 34 41 28 18 15 18 18 31 26 37
Inventory Days 81 77 77 72 64 75 115 107 95 96 71 109
Days Payable 12 8 10 21 35 29 44 7 14 10 5 7
Cash Conversion Cycle 88 94 101 91 58 65 87 119 99 117 92 139
Working Capital Days 34 35 24 18 4 16 32 40 43 66 78 115
ROCE % 9% 7% 20% 23% 13% 19% 21% 31% 32% 28% 22% 17%

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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