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Gravita India is currently trading at Rs. 509.70, up by 4.40 points or 0.87% from its previous closing of Rs. 505.30 on the BSE.
The scrip opened at Rs. 503.10 and has touched a high and low of Rs. 513.40 and Rs. 503.10 respectively. So far 11467 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 539.45 on 13-Feb-2023 and a 52 week low of Rs. 230.95 on 12-Jul-2022.
Last one week high and low of the scrip stood at Rs. 527.00 and Rs. 500.20 respectively. The current market cap of the company is Rs. 3531.98 crore.
The promoters holding in the company stood at 73.00% while Institutions and Non-Institutions held 3.70% and 23.31% respectively.
Gravita India has increased capacity of its existing recycling unit situated at Mundra, Gujarat (Facility). The existing capacity of said unit for Lead recycling has been increased by 40,500 MTPA and as on date the total capacity of this unit for Lead recycling is 60,000 MTPA. Apart from this company has also started commercial production of Red Lead and Plastic Granules with a capacity of 4,800 MTPA and 7,500 MTPA respectively. This expansion in Lead Recycling includes shifting of existing facility of the company situated in Gandhidham, Gujarat which is 19,500 MTPA.
The company is expecting an increase in share of higher-margin business from the key overseas market across Lead, Red Lead and Plastic recycling segments. The facility’s closer proximity to the port will increase operational efficiency as import of scrap and export of finished goods will be carried out using the same port. This will result in optimization of logistics cost coupled with reduction in working capital cycle of the company. Overall, the facility is well positioned to cater to the growing demand from overseas market and with higher operational efficiency it is expected to further enhance profitability of the company.
The investment in the said capacity expansion and new capacity installation is around Rs 31 crore out of which for which Rs 14 crore has been funded through external borrowings and remaining by internal accruals of the company.
Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.
| Company Name | CMP |
|---|---|
| Hindalco | 677.50 |
| Vedanta | 450.45 |
| Hindustan Zinc | 687.85 |
| Gravita India | 1105.60 |
| Ram Ratna Wires | 354.30 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
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