Gravita India Ltd
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.
- Market Cap ₹ 6,895 Cr.
- Current Price ₹ 999
- High / Low ₹ 1,167 / 472
- Stock P/E 29.5
- Book Value ₹ 96.8
- Dividend Yield 0.44 %
- ROCE 31.6 %
- ROE 42.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 36.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.9%
- Company's median sales growth is 22.0% of last 10 years
Cons
- Stock is trading at 10.3 times its book value
- Tax rate seems low
- Promoter holding has decreased over last 3 years: -6.03%
* 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.
Peer comparison
Sector: Non Ferrous Metals Industry: Mining / Minerals / Metals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
269 | 398 | 516 | 501 | 430 | 655 | 1,017 | 1,242 | 1,348 | 1,410 | 2,216 | 2,801 | 3,046 | |
249 | 363 | 472 | 480 | 412 | 596 | 926 | 1,180 | 1,239 | 1,288 | 1,998 | 2,594 | 2,771 | |
Operating Profit | 20 | 36 | 44 | 20 | 18 | 59 | 92 | 62 | 109 | 121 | 217 | 207 | 275 |
OPM % | 7% | 9% | 9% | 4% | 4% | 9% | 9% | 5% | 8% | 9% | 10% | 7% | 9% |
3 | 3 | -3 | 4 | 3 | 1 | 2 | 5 | -12 | 1 | 6 | 88 | 76 | |
Interest | 3 | 9 | 10 | 11 | 9 | 11 | 20 | 26 | 31 | 31 | 38 | 44 | 47 |
Depreciation | 2 | 2 | 6 | 6 | 7 | 6 | 9 | 12 | 18 | 20 | 21 | 24 | 32 |
Profit before tax | 19 | 27 | 25 | 7 | 6 | 44 | 64 | 30 | 47 | 71 | 165 | 228 | 272 |
Tax % | 18% | 14% | 12% | -33% | 8% | 19% | 26% | 34% | 22% | 20% | 10% | 10% | |
16 | 24 | 22 | 10 | 5 | 35 | 48 | 19 | 37 | 57 | 148 | 204 | 237 | |
EPS in Rs | 2.21 | 2.79 | 3.13 | 0.97 | 0.64 | 4.78 | 6.42 | 2.25 | 4.81 | 7.60 | 20.19 | 29.13 | 33.89 |
Dividend Payout % | 36% | 29% | 26% | 21% | 31% | 13% | 11% | 13% | 15% | 14% | 15% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 22% |
5 Years: | 22% |
3 Years: | 28% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 36% |
3 Years: | 69% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | 40% |
5 Years: | 65% |
3 Years: | 121% |
1 Year: | 110% |
Return on Equity | |
---|---|
10 Years: | 27% |
5 Years: | 31% |
3 Years: | 38% |
Last Year: | 42% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 73 | 86 | 98 | 102 | 105 | 136 | 176 | 186 | 211 | 255 | 373 | 575 | 655 |
61 | 75 | 82 | 103 | 99 | 166 | 233 | 250 | 279 | 261 | 392 | 348 | 523 | |
18 | 42 | 26 | 31 | 22 | 39 | 70 | 123 | 110 | 196 | 219 | 268 | 253 | |
Total Liabilities | 166 | 216 | 220 | 250 | 240 | 355 | 492 | 573 | 614 | 726 | 998 | 1,205 | 1,444 |
33 | 44 | 61 | 54 | 54 | 68 | 109 | 137 | 182 | 172 | 191 | 273 | 298 | |
CWIP | 1 | 13 | 6 | 6 | 15 | 32 | 24 | 46 | 15 | 13 | 42 | 46 | 57 |
Investments | 20 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 19 |
112 | 150 | 153 | 190 | 170 | 255 | 359 | 390 | 418 | 540 | 764 | 885 | 1,070 | |
Total Assets | 166 | 216 | 220 | 250 | 240 | 355 | 492 | 573 | 614 | 726 | 998 | 1,205 | 1,444 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-14 | 19 | 18 | -0 | 29 | 1 | -3 | 89 | 34 | 77 | 10 | 200 | |
-3 | -11 | -8 | -2 | -10 | -49 | -42 | -66 | -14 | -19 | -69 | -105 | |
21 | -10 | -10 | 6 | -17 | 49 | 40 | -17 | -21 | -57 | 72 | -87 | |
Net Cash Flow | 4 | -2 | -0 | 3 | 2 | 2 | -4 | 6 | -2 | 1 | 12 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 61 | 40 | 30 | 19 | 25 | 34 | 41 | 28 | 18 | 15 | 18 | 18 |
Inventory Days | 47 | 80 | 57 | 81 | 77 | 77 | 72 | 64 | 75 | 115 | 107 | 95 |
Days Payable | 12 | 25 | 7 | 12 | 8 | 10 | 21 | 35 | 29 | 44 | 7 | 14 |
Cash Conversion Cycle | 96 | 94 | 80 | 88 | 94 | 101 | 91 | 58 | 65 | 87 | 119 | 99 |
Working Capital Days | 104 | 89 | 80 | 103 | 113 | 103 | 94 | 66 | 74 | 86 | 86 | 77 |
ROCE % | 17% | 22% | 21% | 9% | 7% | 20% | 23% | 13% | 19% | 21% | 31% | 32% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10h - Of Schedule of Analyst/ Institutional Investor(s) Meeting.
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Announcement under Regulation 30 (LODR)-Change in Directorate
11h - Re-appointment of Dr. Mahavir Prasad Agarwal (DIN:00188179)
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 28Th March 2024 11h
- Closure of Trading Window 2d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Oct 2023TranscriptNotesPPT
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Jul 2023Transcript PPT REC
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May 2023Transcript PPT REC
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Jan 2023Transcript PPT
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Jan 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Jan 2021TranscriptNotesPPT
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Aug 2020Transcript PPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Mar 2018TranscriptNotesPPT
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]