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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

₹1,542.05 -19.80 (-1.27%)

As on 24-Sep'26 12:25

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

₹1,542.05 -19.80 (-1.27%)

As on 24-Sep'26 12:25

Key Metrics
Valuation Multiples
Market Cap
₹11,528 Cr.
Current Price
₹1,542.1
52-Week Low / High
₹1,267 / 1,914
TTM EPS
₹53.1
TTM Sales
₹4,700 Cr.
Book Value per Share
₹346.6
P/E Ratio
29.41
Lower than its 5-year historical median
Industry PE
17.1
Price to Book (P/B)
4.51
Lower than its 5-year historical median
Price to Sales (P/S)
2.45
In line with its 5-year historical median
EV/EBITDA
22.40
Lower than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
16.73%
Outperforms industry median
Return on Capital Employed (ROCE)
17.18%
Outperforms industry median
Return on Assets (ROA)
12.11%
Operating Profit Margin
10.3%
Net Profit Margin
8.87%
Gross Profit Margin
11.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.02%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
33.69%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
20.91%
Asset Quality
Promoter Holding
55.88%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,543 Cr.
Equity
₹14.8 Cr.
Face Value
₹2
All Time Low / High
₹16.00 / 2699.85

Gravita India stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 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.

View More

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.

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How does Gravita India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Gravita India Ltd vs industry peers?
Gravita India Ltd revenue CAGR is 24.78%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Gravita India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 45.4% based on the current price.
View More

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 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 ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ16.4%17.6%13.2%14.5%16.8%17.1%26.9%36.5%22%19.7%-
Value Creation
Index ⓘ		0.20.3-0.10.00.20.20.91.70.60.5-

Growth Parameters ⓘ
Sales ⓘ5337871,0591,1721,2261,8942,5242,6793,2233,4813,491
Sales YoY Gr.-47.6%34.6%10.7%4.6%54.5%33.3%6.1%20.3%8%-
Adj EPS ⓘ3.63.82.54.34.27.99.42324.538.540.3
YoY Gr.-4.7%-33%70.5%-3.7%89.2%19.5%143.6%6.7%57.1%-
BVPS (₹) ⓘ16.719.721.623.827.430.144.766.1216.1250.3259.4
Adj Net
Profit ⓘ		24.82617.529.928.854.565.1159181284297
Cash Flow from Ops. ⓘ-8.7-1854.119.853.1-21.296.591168-7.8-
Debt/CF from Ops. ⓘ-18.3-11.5411.53.9-15.12.92.90.1-42.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ23.2%23.2%11.3%8%
Adj EPS ⓘ30%56%59.8%57.1%
BVPSⓘ35.1%55.7%77.6%15.8%
Share Price 45.4% 51.1% 24.1% -6%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		23.920.712.319.116.327.525.241.517.616.515.8
Op. Profit
Mgn % ⓘ		87.54.16.25.35.64.27.6799
Net Profit
Mgn % ⓘ		4.63.31.72.62.42.92.65.95.68.28.5
Debt to
Equity ⓘ		1.41.51.51.41.11.50.90.600.2-
Working Cap
Days ⓘ		971081081051171019110410011284
Cash Conv.
Cycle ⓘ		6769513948545862546157

Valuation of Gravita India - Consolidated

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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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6551,0171,2421,3481,4102,2162,8013,1613,8694,265
Operating Expenses ⓘ + 5979261,1801,2471,2952,0012,5992,8753,5423,828
Manufacturing Costs12192531324258707885
Material Costs5158091,0351,0911,1321,7442,2822,5613,1733,418
Employee Cost 3652636673103134131159182
Other Costs ⓘ 3446565957112125112132143
Operating Profit ⓘ 579262101115215202286327437
Operating Profit Margin (%) 8.8%9.0%5.0%7.5%8.2%9.7%7.2%9.1%8.5%10.3%
Other Income ⓘ + 325178937811277
Exceptional Items ⓘ 000-5000000
Interest ⓘ 11202631313844524627
Depreciation ⓘ 691218202124382939
Profit Before Tax ⓘ 4464304771165228274363448
Tax ⓘ 8171010141624325170
Profit After Tax 3548193757148204242313378
PAT Margin (%) 5.4%4.7%1.6%2.7%4.0%6.7%7.3%7.7%8.1%8.9%
Adjusted EPS (₹)4.86.42.34.87.620.229.134.642.351.3
Dividend Payout Ratio (%)12.60%10.90%13.30%14.60%14.50%14.90%14.90%0%12.30%12.40%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1491891982252693875898372,0702,452
Share Capital ⓘ 13.6913.7413.7513.8113.8113.8113.8113.8114.7614.76
Reserves ⓘ 1361751852112553735758242,0552,437
Debt +162226240255227355310504198633
Long Term Debt201528435111090249190123
Short Term Debt1422112122121752452202558511
Minority Interest5555914131387
Trade Payables144798861353389684067
Others Liabilities ⓘ 2525314386224236251314461
Total Liabilities ⓘ 3554925736147261,0131,2371,6732,6293,620

Fixed Assets

Net Fixed Assets ⓘ +68109137182172191273349436939
Gross Block741211592212292653694865971,241
Accumulated Depreciation6122340567496137162301
CWIP ⓘ 32244615134246433948
Investments ⓘ 000000117528413
Inventories1091581832243585135966756171,023
Trade Receivables60113966859110137264275431
Cash Equivalents 1817222020333899407202
Others Assets ⓘ 677189106104123146228327565
Total Assets ⓘ 3554925736147261,0131,2371,6732,6293,620
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 1-38934771020042282169
PBT ⓘ 4464304771165228274363448
Adjustment ⓘ 182829444766786348-7
Changes in Working Capital ⓘ -59-8543-46-30-206-82-245-79-208
Tax Paid ⓘ -2-10-12-11-12-15-24-50-51-64
Cash Flow From Investing Activity ⓘ + -49-42-66-14-19-69-105-158-864-364
Capex -47-41-68-15-21-70-106-98-107-215
Net Investments -210000-1-15-517-408
Others ⓘ 0-211202-44-240259
Cash Flow From Financing Activity ⓘ + 4940-17-21-5772-87121640178
Net Proceeds from Shares ⓘ 000000009810
Net Proceeds from Borrowing ⓘ 001722859-19159-59-67
Interest Paid ⓘ -8-17-23-27-27-34-39-48-44-24
Dividend Paid ⓘ -4-8-6-7-7-24-4-30-35-46
Others ⓘ 6266-4-9-3170-2540-203316
Net Cash Flow ⓘ 2-46-21127559-17
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)26.2628.1710.0117.272345.2741.8333.9721.5316.73
ROCE (%)20.2722.912.7916.5419.9231.1931.7628.1621.9517.18
Asset Turnover Ratio2.322.432.332.282.112.562.52.171.81.36
PAT to CFO Conversion(x)0.03-0.064.680.921.350.070.980.170.90.45
Working Capital Days
Receivable Days23.8030.7030.8022.1016.4013.901623.2025.4030.20
Inventory Days4947.5050.105575.3071.5072.1073.3060.9070.20
Payable Days7.9013.9025.7030.8035.7017.609.8011.206.205.70

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Gravita India Ltd FAQs

The current trading price of Gravita India on 24-Sep-2026 12:25 is ₹1,542.1.

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 23-Sep-2026 the market cap of Gravita India stood at ₹11,527.8 Cr

The latest P/E ratio of Gravita India as of 23-Sep-2026 is 38.80.

The latest P/B ratio of Gravita India as of 23-Sep-2026 is 6.02.

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 Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gravita India Ltd is likely to Fall 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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