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About
Gravita India Ltd (GRAVITA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533282 NSE: GRAVITA Metal - Non Ferrous | Small Cap | Gravita India Share Price
₹1,681.40 -68.40 (-3.91%)
As on 03-Sep'26 16:59
Gravita India Ltd (GRAVITA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533282 NSE: GRAVITA Metal - Non Ferrous | Small Cap | Gravita India Share Price
₹1,681.40 -68.40 (-3.91%)
As on 03-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹12,410 Cr.
Current Price
₹1,681.4
52-Week Low / High
₹1,267 / 1,914
TTM EPS
₹40.3
TTM Sales
₹3,491 Cr.
Book Value per Share
₹259.4
P/E Ratio
41.77
Lower than its 5-year historical median
Industry PE
17.1
Price to Book (P/B)
6.48
Lower than its 5-year historical median
Price to Sales (P/S)
3.56
Higher than its 5-year historical median
EV/EBITDA
32.24
In line with its 5-year historical median
Dividend Yield
0.31%
Profitability Efficiency
Return on Equity (ROE)
17.26%
Outperforms industry median
Return on Capital Employed (ROCE)
19.68%
Outperforms industry median
Return on Assets (ROA)
13.15%
Operating Profit Margin
7%
Net Profit Margin
8.53%
Gross Profit Margin
10.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
20.29%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
39.87%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
53%
Asset Quality
Promoter Holding
55.88%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,900 Cr.
Equity
₹14.8 Cr.
Face Value
₹2
All Time Low / High
₹16.00 / 2699.85
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Gravita India Ltd a good quality company?
Gravita India Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Gravita India Ltd performance compare with that of its Peers?
Revenue growth of Gravita India Ltd vs industry peers?
Gravita India Ltd revenue CAGR is 22.41%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Gravita India Ltd?
Promoters hold 55.88% of the Gravita India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Gravita India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 50.1% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gravita India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.9% | 16.4% | 17.6% | 13.2% | 14.5% | 16.8% | 17.1% | 26.9% | 36.5% | 22% | - |
| Value Creation Index ⓘ | -0.6 | 0.2 | 0.3 | -0.1 | 0.0 | 0.2 | 0.2 | 0.9 | 1.7 | 0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 354 | 533 | 787 | 1,059 | 1,172 | 1,226 | 1,894 | 2,524 | 2,679 | 3,223 | 3,491 |
| Sales YoY Gr. | - | 50.7% | 47.6% | 34.6% | 10.7% | 4.6% | 54.5% | 33.3% | 6.1% | 20.3% | - |
| Adj EPS ⓘ | 0.3 | 3.6 | 3.8 | 2.5 | 4.3 | 4.2 | 7.9 | 9.4 | 23 | 24.5 | 40.3 |
| YoY Gr. | - | 1192.9% | 4.7% | -33% | 70.5% | -3.7% | 89.2% | 19.5% | 143.6% | 6.7% | - |
| BVPS (₹) ⓘ | 13.4 | 16.7 | 19.7 | 21.6 | 23.8 | 27.4 | 30.1 | 44.7 | 66.1 | 216.1 | 259.4 |
| Adj Net Profit ⓘ | 1.9 | 24.8 | 26 | 17.5 | 29.9 | 28.8 | 54.5 | 65.1 | 159 | 181 | 297 |
| Cash Flow from Ops. ⓘ | 7.1 | -8.7 | -18 | 54.1 | 19.8 | 53.1 | -21.2 | 96.5 | 91 | 168 | - |
| Debt/CF from Ops. ⓘ | 13.4 | -18.3 | -11.5 | 4 | 11.5 | 3.9 | -15.1 | 2.9 | 2.9 | 0.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 27.8% | 22.4% | 19.4% | 20.3% | ||||
| Adj EPS ⓘ | 64.4% | 41.4% | 45.9% | 6.7% | ||||
| BVPSⓘ | 36.3% | 55.5% | 92.9% | 226.9% | ||||
| Share Price | 49.8% | 53.5% | 28.7% | 1.5% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.1 | 23.9 | 20.7 | 12.3 | 19.1 | 16.3 | 27.5 | 25.2 | 41.5 | 17.6 | 16.9 |
| Op. Profit Mgn % ⓘ | 2.9 | 8 | 7.5 | 4.1 | 6.2 | 5.3 | 5.6 | 4.2 | 7.6 | 7 | 9 |
| Net Profit Mgn % ⓘ | 0.5 | 4.6 | 3.3 | 1.7 | 2.6 | 2.4 | 2.9 | 2.6 | 5.9 | 5.6 | 8.5 |
| Debt to Equity ⓘ | 1 | 1.4 | 1.5 | 1.5 | 1.4 | 1.1 | 1.5 | 0.9 | 0.6 | 0 | - |
| Working Cap Days ⓘ | 118 | 97 | 108 | 108 | 105 | 117 | 101 | 91 | 104 | 100 | 84 |
| Cash Conv. Cycle ⓘ | 73 | 67 | 69 | 51 | 39 | 48 | 54 | 58 | 62 | 54 | 57 |
Valuation of Gravita India - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 533 | 787 | 1,059 | 1,172 | 1,226 | 1,894 | 2,524 | 2,679 | 3,223 | 3,481 |
| Operating Expenses ⓘ + | 494 | 729 | 1,018 | 1,108 | 1,164 | 1,814 | 2,423 | 2,479 | 2,999 | 3,169 |
| Operating Profit ⓘ | 39 | 58 | 41 | 65 | 62 | 81 | 102 | 200 | 224 | 313 |
| Operating Profit Margin (%) | 7.3% | 7.3% | 3.9% | 5.5% | 5.1% | 4.3% | 4.0% | 7.5% | 6.9% | 9.0% |
| Other Income ⓘ + | 2 | 1 | 12 | 3 | 12 | 7 | 60 | 53 | 47 | 77 |
| Interest ⓘ | 9 | 18 | 23 | 27 | 26 | 30 | 34 | 32 | 23 | 10 |
| Depreciation ⓘ | 3 | 5 | 7 | 9 | 9 | 9 | 11 | 13 | 15 | 18 |
| Profit Before Tax ⓘ | 28 | 36 | 24 | 28 | 40 | 49 | 116 | 208 | 233 | 363 |
| Tax ⓘ | 5 | 11 | 5 | 6 | 8 | 9 | 15 | 29 | 39 | 66 |
| Profit After Tax | 23 | 25 | 19 | 22 | 32 | 40 | 101 | 180 | 194 | 297 |
| PAT Margin (%) | 4.3% | 3.2% | 1.8% | 1.9% | 2.6% | 2.1% | 4.0% | 6.7% | 6.0% | 8.5% |
| Adjusted EPS (₹) | 3.4 | 3.7 | 2.8 | 3.3 | 4.7 | 5.8 | 14.7 | 26.0 | 26.3 | 40.3 |
| Dividend Payout Ratio (%) | 17.90% | 18.90% | 10.90% | 21.50% | 23.60% | 52.10% | 29.70% | 0% | 19.80% | 15.80% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 114 | 135 | 148 | 164 | 189 | 208 | 309 | 457 | 1,595 | 1,847 | |
| Debt + | 156 | 200 | 207 | 214 | 183 | 291 | 250 | 264 | 8 | 333 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 14 | 56 | 108 | 79 | 132 | 75 | 105 | 188 | 164 | 141 | |
| Others Liabilities ⓘ | 14 | 22 | 21 | 24 | 83 | 195 | 205 | 183 | 177 | 254 | |
| Total Liabilities ⓘ | 297 | 413 | 485 | 481 | 587 | 769 | 868 | 1,091 | 1,944 | 2,575 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 54 | 82 | 107 | 117 | 115 | 140 | 177 | 203 | 216 | 319 | |
| CWIP ⓘ | 23 | 14 | 9 | 3 | 5 | 15 | 14 | 8 | 25 | 19 | |
| Investments ⓘ | 29 | 17 | 24 | 15 | 10 | 9 | 10 | 9 | 534 | 935 | |
| Inventories | 86 | 125 | 133 | 154 | 260 | 358 | 394 | 485 | 431 | 604 | |
| Trade Receivables | 61 | 106 | 107 | 59 | 65 | 101 | 140 | 214 | 204 | 252 | |
| Cash Equivalents | 8 | 9 | 10 | 7 | 7 | 7 | 9 | 2 | 279 | 49 | |
| Others Assets ⓘ | 37 | 59 | 95 | 125 | 124 | 138 | 124 | 169 | 256 | 397 | |
| Total Assets ⓘ | 297 | 413 | 485 | 481 | 587 | 769 | 868 | 1,091 | 1,944 | 2,575 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -9 | -18 | 54 | 20 | 53 | -21 | 97 | 91 | 168 | -8 |
| Cash Flow From Investing Activity ⓘ + | -40 | -10 | -34 | -0 | -2 | -41 | -22 | -15 | -783 | -308 |
| Cash Flow From Financing Activity ⓘ + | 52 | 27 | -18 | -22 | -50 | 61 | -68 | -82 | 666 | 267 |
| Net Cash Flow ⓘ | 3 | -2 | 2 | -3 | 1 | -1 | 6 | -6 | 52 | -48 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 22.36 | 20.41 | 13.37 | 14.35 | 18.22 | 20.03 | 39.17 | 46.96 | 18.92 | 17.26 |
| ROCE (%) | 16.35 | 17.56 | 13.19 | 14.52 | 16.78 | 17.08 | 26.94 | 36.54 | 21.98 | 19.68 |
| Asset Turnover Ratio | 2.27 | 2.24 | 2.36 | 2.43 | 2.3 | 2.8 | 3.08 | 2.74 | 2.12 | 1.54 |
| PAT to CFO Conversion(x) | -0.39 | -0.72 | 2.84 | 0.91 | 1.66 | -0.53 | 0.96 | 0.51 | 0.87 | -0.03 |
| Working Capital Days | ||||||||||
| Receivable Days | 29.40 | 38.10 | 36.60 | 25.80 | 18.50 | 16 | 17.40 | 24.10 | 23.70 | 23.90 |
| Inventory Days | 45 | 48.20 | 44.40 | 44.70 | 61.60 | 59.50 | 54.40 | 59.90 | 51.90 | 54.30 |
| Payable Days | 7.90 | 19.30 | 32 | 33.40 | 35.60 | 22.70 | 14.60 | 23.20 | 23.10 | 19.10 |
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Gravita India Ltd FAQs
The current trading price of Gravita India on 03-Sep-2026 16:59 is ₹1,681.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Sep-2026 the market cap of Gravita India stood at ₹12,410.2 Cr
The latest P/E ratio of Gravita India as of 02-Sep-2026 is 41.77.
The latest P/B ratio of Gravita India as of 02-Sep-2026 is 6.48.
The 52-week high of Gravita India is ₹1,914.4 and the 52-week low is ₹1,267.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gravita India is ₹3,491 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Gravita India Ltd is a good quality company.
The key valuation ratios of Gravita India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gravita India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Gravita India Ltd
Gravita India (Gravita) is a global recycling company focused on building sustainable and efficient material recovery ecosystems. Established in 1992, Gravita has grown into a diversified, multi-material recycling group with operations across Asia, Africa, and Europe. The company operates advanced recycling and manufacturing facilities in India at Jaipur (Rajasthan), Kathua (Jammu & Kashmir), Mundra, and Chittoor (Andhra Pradesh), along with international plants in Romania, Ghana, Mozambique, Togo, Senegal, Tanzania, and Sri Lanka. Supported by a strong global procurement network, the company serves customers in many countries worldwide.
The company’s core business spans lead battery recycling, aluminium alloy manufacturing, plastic recycling, and waste tyre recycling. Its product portfolio includes specialized lead alloys, red lead, lead oxide, aluminium alloys, plastic granules, recovered carbon black, and Tyre Pyrolysis Oil (TPO). The company has also executed many turnkey recycling projects globally, offering end-to-end solutions from design and engineering to commissioning.
As a part of its strategic expansion, the company launched a dedicated Lithium-ion Battery Recycling vertical, with a recycling plant established at Mundra, Gujarat. The company also announced its entry into the copper recycling segment and singed a binding agreement to acquire a stake in Rashtriya Metal Industries, strengthening its presence in non-ferrous metals.
Business Divisions
- Lead Recycling
- Plastic Recycling
- Rubber Recycling
- Aluminium Recycling
- Turnkey Project Solutions
Business area of the company
Gravita India is a prominent player in the global recycling industry, specializing in the recycling of Lead, Aluminium, Plastic and Rubber.
Awards and recognitions
2007
- Niryat Shiromani Puraskar
2009
- Government of India - Star Export House
2010
- GREEN SME AWARD 2010
- MSME National Award 2010
- Rashtriya Vikas Ratan Award
- UDYOG BHARTI AWARD
2011
- COSIA Entrepreneurship Appreciation Award 2011
2012
- INC 500 Certificate of Excellence for 2012
- INC 500 Certificate of Excellence 2011
2013
- Gravita Ghana received 23rd National Gold Award 2013
2014
- Gravita Focus Rewarded
- Proud Winner of India SME 100 Awards
2015
- Gravita Gets Non Ferrous Best Performance Award 2014-15
- Gravita Awarded as one of India’s 100 innovative SME Company by INC. Magazine
2016
- Gravita Gets Best Employer 2015 Award
- Gravita Ghana Ltd. bagged the Platinum Award
- GRAVITA bags Niryat Shree Award for the 2nd time
2017
- Gravita received Best Employer Award
- Gravita Bestowed With First Prize by IIM Non-Ferrous Best Performance Award
- Gravita received status of AEO Holder under customs act
- Gravita Honored for the Best Performing company in Non Ferrous Metals
- Gravita Honoured by World Trade Centre Association
2018
- Gravita bestowed with RCCI Excellence Award
2019
- Gravita Bestiwed Best Employer Award
- Gravita recognised as a Three Star Export House
2020
- ISO 14001:2015 certificate awarded to Gravita India Ltd.
- ISO 9001:2015 certificate awarded to Gravita India Ltd.
2022
- Gravita Awarded President Trophy 2022 on Best Employer Award ceremony by The Employers' Association of Rajasthan
- Alumni Awards 2022
- Gravita Awarded with Export Excellence Award by Rajasthan Chamber of Commerce and Industries (RCCI).
2023
- Gravita awarded the prestigious President Trophy in the Best Employer 2023 Award ceremony for Best 3-R Company by The Employers' Association of Rajasthan.
- ICRA Upgrades Gravita India's Long Term Rating to ICRA A+.
- Four Star Export House.
- Honoured with Prestigious title pf a 'Four Star Export House' by the Directorate General of Foreign Trade, Ministry of Commerce & Trade, Government of India.
- Gold Awards & Silver Award at Northern Region Export Excellence Awards in the 'Three Star Export House - Non MSME' Category!
- Best Investor and Employer award by The Sandiara Municipal and Investment Council, Senegal.
2024
- Gravita awarded the Best Employer 2024 Award for All Round Performance from The Employers' Association of Rajasthan
- Gravita honored with the Leading Refined Lead Brand award at the MCX Awards 2024
2025
- Gravita Recognised as Champion of the Circular Economy by The Economic Times.
- Gravita Annual Report Wins First Prize at PRSI National Awards.
- Gravita India assigned a long-term rating and a short-term rating by India Ratings and Research with a stable outlook.
- Gravita India secured a respectable B- grade in its maiden CDP Climate rating.
2026
- Gravita India Wins Recycler of the Year at MRAI Battery Excellence Awards 2026.
Milestones
- 1994: Commenced operations through commercializing lead recycling plant in Jaipur.
- 2001: Established first overseas recycling unit in Sri Lanka.
- 2007: Set up first recycling unit in Ghana.
- 2010: Successful listing at the BSE and NSE.
- 2013: Extended manufacturing of value-added products at Jaipur plant.
- 2015: Diversified into plastic recycling.
- 2016: Achieved further diversification by venturing into aluminium recycling.
- 2019: Started aluminium and plastic recycling facilities in Africa.
- 2021: Established new recycling facility at Mudra port.
- 2022: Expanded portfolio by venturing into rubber recycling and became a MCX empaneled brand.
- 2023: Extended manufacturing of value-added products at Africa.
- 2025: Marked foray into rubber recycling in Europe.
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