Gravita India Ltd (GRAVITA) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 533282 | NSE: GRAVITA | Metal - Non Ferrous | Small Cap

Gravita India Share Price

1,798 -2.75 -0.15%
as on 05-Dec'25 09:54

Gravita India Ltd (GRAVITA) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 533282 | NSE: GRAVITA | Metal - Non Ferrous | Small Cap

DeciZen - make an informed investing decision on Gravita India

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Gravita India stock performance -

Key Ratios
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P/E Ratio (SA):
50.56
Market Cap:
13,291.1 Cr.
52-wk low:
1,435
52-wk high:
2,474.1

Is Gravita India Ltd an attractive stock to invest in?


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10 Year X-Ray of Gravita India: Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.9%16.4%17.6%13.2%14.5%16.8%17.1%26.9%36.5%22%-
Value Creation
Index
-0.60.20.3-0.10.00.20.20.91.70.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3545337871,0591,1721,2261,8942,5242,6793,2233,382
Sales YoY Gr.-50.7%47.6%34.6%10.7%4.6%54.5%33.3%6.1%20.3%-
Adj EPS 0.33.63.82.54.34.27.99.42324.535.6
YoY Gr.-1192.9%4.7%-33%70.5%-3.7%89.2%19.5%143.6%6.7%-
BVPS (₹) 13.416.719.721.623.827.430.144.766.1216.1230.6
Adj Net
Profit
1.924.82617.529.928.854.565.1159181263
Cash Flow from Ops. 7.1-8.7-1854.119.853.1-21.296.591168-
Debt/CF from Ops. 13.4-18.3-11.5411.53.9-15.12.92.90.1-

CAGR

CAGR Colour Code Guide

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%
BVPS36.3%55.5%92.9%226.9%
Share Price 50.7% 103% 68% -18.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.123.920.712.319.116.327.525.241.517.616
Op. Profit
Mgn %
2.987.54.16.25.35.64.27.678.3
Net Profit
Mgn %
0.54.63.31.72.62.42.92.65.95.67.8
Debt to
Equity
11.41.51.51.41.11.50.90.600
Working Cap
Days
118971081081051171019110410088
Cash Conv.
Cycle
7367695139485458625470

Recent Performance Summary

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Latest Financials - Gravita India Ltd.

Standalone Consolidated
TTM EPS (₹) 35.6 49.1
TTM Sales (₹ Cr.) 3,382 4,109
BVPS (₹.) 230.6 306.2
Reserves (₹ Cr.) 1,688 2,245
P/BV 7.81 5.88
PE 50.56 36.68
From the Market
52 Week Low / High (₹) 1435.00 / 2474.05
All Time Low / High (₹) 16.00 / 2699.85
Market Cap (₹ Cr.) 13,291
Equity (₹ Cr.) 14.8
Face Value (₹) 2
Industry PE 22.3

Management X-Ray of Gravita India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Gravita India - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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No data found!

Key Ratios of Gravita India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3545337871,0591,1721,2261,8942,5242,6793,223
Operating Expenses 3444947291,0181,1081,1641,8142,4232,4792,999
Manufacturing Costs1461216161722323543
Material Costs3054476609331,0191,0781,6632,2472,3142,785
Employee Cost 152536454347709487114
Other Costs 10172224312358494257
Operating Profit 10395841656281102200224
Operating Profit Margin (%) 2.7%7.3%7.3%3.9%5.5%5.1%4.3%4.0%7.5%6.9%
Other Income 421123127605347
Interest 891823272630343223
Depreciation 3357999111315
Exceptional Items 0000-400000
Profit Before Tax 3283624284049116208233
Tax -05115689152939
Profit After Tax 3232519223240101180194
PAT Margin (%) 0.9%4.3%3.2%1.8%1.9%2.6%2.1%4.0%6.7%6.0%
Adjusted EPS (₹)0.53.43.72.83.34.75.814.726.026.3
Dividend Payout Ratio (%)42%18%19%11%22%24%52%30%0%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 911141351481641892083094571,595
Share Capital 14141414141414141415
Reserves 781011211351501751942954431,580
Minority Interest0000000000
Debt931562002072141832912502648
Long Term Debt620151230431079080
Short Term Debt871361861951841401841592558
Trade Payables514561087913275105188164
Others Liabilities 51422212483195205183177
Total Liabilities 1952974134854815877698681,0911,944

Fixed Assets

Gross Block475790121140144176224261288
Accumulated Depreciation93814232937465872
Net Fixed Assets 385482107117115140177203216
CWIP 1223149351514825
Investments 2729172415109109534
Inventories5286125133154260358394485431
Trade Receivables29611061075965101140214204
Cash Equivalents 5891077792279
Others Assets 32375995125124138124169256
Total Assets 1952974134854815877698681,0911,944

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 7-9-18542053-219791168
PBT 3283624284049116208233
Adjustment 9142113303453613116
Changes in Working Capital -5-50-6722-31-15-113-61-112-37
Tax Paid -0-1-8-5-7-6-10-20-37-44
Cash Flow From Investing Activity -4-40-10-34-0-2-41-22-15-783
Capex -10-38-22-27-3-14-44-50-28-47
Net Investments 1-313-75144213-516
Others 5-0-2-0-2-2-0710-219
Cash Flow From Financing Activity -45227-18-22-5061-68-82666
Net Proceeds from Shares 000000000981
Net Proceeds from Borrowing -200-0211364-16-82-8
Interest Paid -7-8-16-21-24-23-28-32-33-23
Dividend Paid -2-2-4-6-7-8-210-30-36
Others 661479-12-3346-2063-249
Net Cash Flow -13-22-31-16-652

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.6222.3620.4113.3714.3518.2220.0339.1746.9618.92
ROCE (%)5.9116.3517.5613.1914.5216.7817.0826.9436.5421.98
Asset Turnover Ratio1.92.272.242.362.432.32.83.082.742.12
PAT to CFO Conversion(x)2.33-0.39-0.722.840.911.66-0.530.960.510.87
Working Capital Days
Receivable Days25293837261916172424
Inventory Days56454844456260546052
Payable Days981932333623152323

Gravita India Ltd Stock News

Gravita India Ltd FAQs

The current trading price of Gravita India on 05-Dec-2025 09:54 is ₹1,798.
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 04-Dec-2025 the market cap of Gravita India stood at ₹13,291.1.
The latest P/E ratio of Gravita India as of 04-Dec-2025 is 50.56.
The latest P/B ratio of Gravita India as of 04-Dec-2025 is 7.81.
The 52-week high of Gravita India is ₹2,474.1 and the 52-week low is ₹1,435.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gravita India is ₹3,382 ( Cr.) .

About Gravita India Ltd

Gravita India is the flagship Company of the Gravita Group which was established in the year 1992 and has manufacturing unit set up at Jaipur. They are engaged in the business of manufacturing of Lead Metal by Recycling and Smelting process and other lead products. The company is promoted by first generation entrepreneurs, Mahaveer Prasad Agarwal and Rajat Agrawal. It has a subsidiary Gravita Exim, a company specializing in providing turnkey solutions and consultancy services on engineering and design for the secondary lead companies. Gravita India and Gravita Exim together are able to provide a complete solution right from setting up plants to providing value added lead products in the lead metal market.

The company was originally incorporated as Weldtech Private Limited in the State of Rajasthan on August 4, 1992 under the Companies Act, 1956 vide certificate of incorporation issued by Registrar of Companies, Jaipur. The name of the company was changed to Gravita India Private Limited with effect from August 2, 1996 and subsequently company was converted into Public Limited vide a fresh certificate of incorporation dated August 13, 1996 from Registrar of Companies, Jaipur.

The company started its business with welding and surface coating and was appointed as stockist of Eutectic Division of Larsen and Toubro for state of Rajasthan. Later they entered into arena of manufacturing of Lead products from the battery scrap and set up a manufacturing unit at Jaipur with a capacity of 600 MT per annum. In the year 1996-97 with the objective of forward integration the company diversified into Grey Oxide, Litharge and Red Lead. During the year 2000 there was change in the duty structure of import and export of lead products which badly affected the health of the secondary lead producers and they were part of the same. The company had to stall its operation on account non-repayment of dues to banks but revived its operation in the year after the settlement of the same. Since 2005 the company has taken adequate measure to diversify the product range and expand its market to insulate itself from changes in regulations and duty structures. Also the strategy to build plants in different locations globally and service local markets as well as source raw material from different parts of the world has created a strong foundation for the company.

Presently, they are an ISO 9001:2008 and ISO 14001:2004 certified company and a certified “Star Export House” by Director of Foreign Trade, India under Ministry of Commerce and Industry with a wide range of lead products. They also have the ability to set up turnkey plants through its subsidiary, Gravita Exim which has gained substantial experience by executing 27 projects in 21 countries. They specialize in producing high quality pure lead ingots with minimum purity level of 99.97% by weight. They have a quality control Laboratory consisting of Optical Emission Spectrometer (OES) of Spectro Germany make and Atomic Absorption Spectrometer (AAS) to monitor the purity levels of the product. Their manufacturing operations to produce Pure Lead / Lead Alloys, Lead Oxides (Litharge, Red Lead & Lead Sub-Oxide), are controlled round the clock by experienced Chemists and Quality Control Supervisors.

Products:

1. Pure Lead Ingot - Pure Lead Ingot is being produced from Raw Lead Bullion / Remelted and Secondary Lead Ingots / Lead Scraps through Pyrometallurgical process. Their refining process produces pure lead ingots with a minimum purity level of 99.97% by weight but achieves purity level of 99.985% in most of cases.

2. Lead Alloying - Their alloying plant is capable to produce all kind of Lead Alloys as per the customer requirement like Antimonial, Calcium, Selenium, Copper, Tin, Arsenic, etc. They have alloying kettle of various capacities ranging from 10-30 tones per batch accompanied by high efficiency furnace oil burners equipped with preheating arrangements.

3. Litharge - Litharge is a yellowish or reddish, odorless, heavy, earthy, water-insoluble, solid, PbO, used chiefly in the manufacture of Lead Stabilizers (Lead Steareates), pottery, Lead glass, paints, enamels, and inks. It is also called Lead Monoxide, Lead Oxide, Plumbous Oxide. Other use of Litharge is as intermediate used in a variety of industries like lubricants and greases, insecticides, inorganic pigments, Lead soaps, petroleum refining, rubber and PVC etc.

4. Red Lead - It is bright red to orange-red powder, used in Lead glass, and red pigments; paint made with Red Lead which is commonly used to protect iron and steel from rusting. Chemically, Red Lead is Lead tetra oxide, Pb3O4, a water-insoluble compound that is prepared by the oxidation of metallic Lead or of litharge (Lead monoxide); the commercial product sometimes contains litharge as an impurity. It is one of the oldest and most commonly used anti-corrosion pigments applied to metal surfaces.

5. Lead Sub-Oxide - It is also commercially known as Grey Oxide / Battery Oxide and is used on an extensive scale for preparation of plates in Lead Acid Batteries which requires production to strict specifications.

Subsidiaries:

  • Gravita Exim
  • Penta Exim
  • Pagrik Ethiopia PLC
  • Gravita Zambia
  • Gravita Ghana
  • Gravita Mozambique LDA
  • Gravita Senegal SAU
  • Gravita Georgia
  • Floret Tradelink
  • Gravita Infra
  • Gravita Energy
  • Gravita Technomech LLP

Milestones:

1992-93

  • Incorporation of company as “Weldtech India Private Limited” to start business of welding technology and powder metallurgy of surface coatings
  • Appointed as stockiest for Eutectic Division of Larsen and Toubro for the State of Rajasthan

1994-95

  • Acquired land in Jaipur and set up of an environment friendly recycling operation of battery scrap to produce remelted lead and poly propylene chips with capacity of 600 MT.

1996-97

  • Changed its name to “Gravita India Pvt. Ltd and then later converted into Public Limited Company
  • Ban on import of battery scrap by Government of India

1997-98

  • Diversified into manufacturing of Pure Lead
  • Installation of new plant for manufacturing of Grey oxide, Red Lead and Litharge

1999-00

  • Reduction of import duty structure on import of litharge from 35% to 5% made the lead manufacturing environment non-viable
  • First export of the company

2000-01

  • Default on payment of loans to bank resulted in Lock Out for five years

2005-06

  • Settlement of Outstanding with Banks
  • Re-commencement of business operation

2006-07

  • First Subsidiary of the Company
  • Crossed Turnover of Rs.20 crore

2008-09

  • Acquired Gravita Exim Limited a group company dealing in turnkey solutions for lead processing plants.
  • Crossed Turnover of Rs.50 crore

2009-10

  • Crossed Turnover of Rs.100 crore

Achievements and awards:

  • Certified ISO 9001:2000 by Bureau Veritas Certification (India) in the year 2007
  • Certified ISO 14001:2004 by United Registrar Systems (India) in the year 2007
  • Gravita Exim awarded Niryat Shiromani Puruskar in the year 2007
  • Member of Institute of Scrap Recycling Industries, Inc. in the year 2008
  • Associate Member of the Federation of Indian Chambers of Commerce and Industry in the year 2008
  • Presented Technical paper on battery recycling in conferences of India Lead Zinc Development Association at Hyderabad, Mumbai, Delhi and Jaipur in the year 2007, 2008 & 2009
  • Received Certificate of Recognition as “Star Export House” issued by Office of the Joint Director General of Foreign Trade in the year 2009
  • Certified ISO 9001:2008 by Bureau Veritas Certification (India) in the year 2010

 

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