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Gravita India shines as its step down arm starts commercial production at Nicaragua Plant

01 Jun 2017 Evaluate

Gravita India is currently trading at Rs. 81.70, up by 2.25 points or 2.83% from its previous closing of Rs. 79.45 on the BSE.

The scrip opened at Rs. 80.80 and has touched a high and low of Rs. 82.15 and Rs. 80.30 respectively. So far 36292 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 89.05 on 18-May-2017 and a 52 week low of Rs. 16.00 on 03-Jun-2016.

Last one week high and low of the scrip stood at Rs. 84.20 and Rs. 78.15 respectively. The current market cap of the company is Rs. 557.67 crore.

The promoters holding in the company stood at 73.06%, while institutions and non-institutions held 4.78% and 22.16% respectively.

Gravita India’s step down subsidiary Gravita Nicaragua S.A has started commercial production of recycling of PET Flakes (polyethylene terephthalate) by installing a modern ‘PET Hot Wash Line’ which is having annual capacity of 6000 MTPA. The production from said plant will cater the needs of Polyester Fiber Industries as well as needs of different Plastic Industries globally.

The Group has made investment of Rs 6.50 crore for procuring and commissioning of this New Modern Recycling Plant which is invested from internal accruals of the company. The company is expecting revenue of around Rs 53.00 crore coupled with gross margins of 30% from its different plants located at Central America Region.

Gravita is a public listed company and has carved a niche for itself, in the field of recycling in a very short span of time. It has 8 manufacturing setups in 6 countries.

Gravita India Share Price

1682.90 53.85 (3.31%)
04-May-2026 11:45 View Price Chart
Peers
Company Name CMP
Hindalco 1045.95
Vedanta 290.15
Hindustan Zinc 607.00
Jain Resource Recycl 476.30
Gravita India 1682.90
View more..

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