Gravita India zooms after its arm starts commercial production of Aluminium from new recycling plant

Gravita India Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 533282 | NSE: GRAVITA

14 Sep 2021 Evaluate

Gravita India is currently trading at Rs. 208.15, up by 4.55 points or 2.23% from its previous closing of Rs. 203.60 on the BSE.

The scrip opened at Rs. 205.00 and has touched a high and low of Rs. 211.60 and Rs. 204.40 respectively. So far 40284 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 218.55 on 17-Aug-2021 and a 52 week low of Rs. 41.35 on 02-Nov-2020.

Last one week high and low of the scrip stood at Rs. 211.60 and Rs. 195.05 respectively. The current market cap of the company is Rs. 1437.02 crore.

The promoters holding in the company stood at 73.00%, while Non-Institutions held 27.00% stake in the company.

Gravita India’s step-down subsidiary situated in Mozambique, East Africa has started commercial production of Aluminium from its new recycling plant having an annual capacity of around 4,000 MTPA in addition to its existing Lead recycling facility of 4,500 MTPA and is also in process of setting up of a new plastic recycling unit in Mozambique. The Company is expecting an additional revenue of approximately Rs 50 crore per annum coupled with gross margins of 18% from this Aluminium Recycling Plant.

The Group has made investment of approximately Rs 2 crore for procuring and commissioning of this New Recycling Plant which is invested from internal accruals of the company. The said plant has been set up on a leased premises keeping in view of judicious use of capital & lean capex policy of Gravita. The Company will be procuring domestic aluminium scrap for the purpose of production from this plant and it will cater the needs of Aluminium die casting components manufacturing industries of Auto & FMCG sector located in South and East Asian markets.

Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.

Gravita India Share Price

1629.05 -18.70 (-1.13%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindalco	1037.30
Vedanta	271.60
Hindustan Zinc	595.50
Jain Resource Recycl	458.85
Gravita India	1629.05
View more..

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