Gravita India Ltd

Gravita India Ltd

₹ 963 -1.24%
27 Feb 4:01 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 6,648 Cr.
  • Current Price 963
  • High / Low 1,167 / 440
  • Stock P/E 28.4
  • Book Value 96.8
  • Dividend Yield 0.45 %
  • 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 9.99 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
374 438 446 546 557 666 580 683 789 749 703 836 758
341 396 409 496 503 597 564 624 712 686 645 764 677
Operating Profit 33 42 37 50 54 70 16 59 78 63 58 73 80
OPM % 9% 10% 8% 9% 10% 10% 3% 9% 10% 8% 8% 9% 11%
-1 -5 1 4 4 -1 50 7 -5 23 23 14 15
Interest 7 7 5 7 7 14 11 10 9 10 13 11 13
Depreciation 5 5 5 5 5 5 5 6 6 7 8 9 9
Profit before tax 19 25 28 42 46 49 50 50 58 70 61 67 74
Tax % 13% 6% 19% 7% 10% 7% 11% 10% 12% 8% 14% 12% 17%
17 23 23 39 41 46 45 45 50 64 53 59 61
EPS in Rs 2.28 3.09 3.15 5.35 5.70 5.99 6.16 6.46 7.27 9.24 7.54 8.38 8.73
Raw PDF

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: 37%
5 Years: 71%
3 Years: 118%
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%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 66.48% 66.48% 66.48%
0.00% 0.00% 0.86% 1.38% 1.21% 1.13% 0.79% 3.48% 3.08% 9.32% 9.99% 10.58%
0.25% 0.00% 0.00% 0.15% 0.15% 0.00% 0.19% 0.21% 0.25% 0.39% 0.42% 0.43%
24.75% 25.00% 24.14% 23.47% 23.64% 23.87% 24.02% 21.29% 21.66% 21.81% 21.66% 21.06%
2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 1.98% 1.45% 1.45%
No. of Shareholders 18,70823,04134,40438,13643,75143,82644,11847,71553,19062,91676,24281,524

* 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