Gravity (India) Ltd - Stock Valuation and Financial Performance

BSE: 532015 | NSE: | Textile | Small Cap

Gravity India Share Price

4.12 0.10 2.49%
as on 28-Mar'24 16:01

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Gravity (India) stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
3.7 Cr.
52-wk low:
3.1
52-wk high:
6

Is Gravity (India) Ltd an attractive stock to invest in?

1. Is Gravity (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gravity (India) Ltd is a below average quality company.

2. Is Gravity (India) Ltd undervalued or overvalued?

The key valuation ratios of Gravity (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Gravity (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gravity (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Gravity India:

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.
Gravity (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0.2%-3.2%-4.4%-5.4%-5.5%-7%2.9%-1.9%0.4%-7.4%-
Value Creation
Index
-1.0-1.2-1.3-1.4-1.4-1.5-0.8-1.1-1.0-1.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 27.72819.72421.41216.92.412.810.26
Sales YoY Gr.-1.2%-29.5%21.6%-10.8%-44%41.2%-86%440.7%-19.8%-
Adj EPS 0-0.7-0.8-0.8-0.8-10.4-0.30.1-1.1-3.4
YoY Gr.--3650%NANANANANA-188.9%NA-1950%-
BVPS (₹) 13.312.6121211.212.312.712.412.511.48.7
Adj Net
Profit
0-0.6-0.8-0.7-0.7-0.90.3-0.30.1-1-3
Cash Flow from Ops. -3.8-2.14.2-1.10.7-1.20.4-1.10.2-0.9-
Debt/CF from Ops. -2.1-3.80.8-1.52.1-1.34.3-1.48.9-3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -10.5%-13.7%-15.4%-19.8%
Adj EPS -256.3%NA-245.6%-1950%
BVPS-1.7%0.3%-3.6%-8.8%
Share Price 5.9% 19.1% 24.6% 8.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.2-5.5-6.8-6.7-6.6-8.12.8-2.60.5-9.3-34.2
Op. Profit
Mgn %
2-0.9-2.6-3.70.6-7.4-0.5-12.41.3-7.2-42
Net Profit
Mgn %
0.1-2.3-3.8-3-3.2-7.21.9-12.40.4-9.7-51.4
Debt to
Equity
0.70.70.30.10.20.10.10.10.10.3-
Working Cap
Days
2121942621912604913392,403366464427
Cash Conv.
Cycle
177175213149122195168927236304266

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -15.40%

Sales growth is not so good in last 4 quarters at -56.28%

Latest Financials - Gravity (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -3.4 -
TTM Sales (₹ Cr.) 6 -
BVPS (₹.) 8.7 -
Reserves (₹ Cr.) -1 -
P/BV 0.48 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 3.06 / 6.00
All Time Low / High (₹) 0.95 / 39.10
Market Cap (₹ Cr.) 3.7
Equity (₹ Cr.) 9
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of Gravity 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 (%)

Event Update

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Analyst's Notes

Key Ratios of Gravity India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales27.6527.9819.7223.9721.3911.9816.912.3612.7610.24
Operating Expenses 27.1128.2420.2324.8621.2612.86172.6512.5910.97
Manufacturing Costs0.780.920.780.350.370.160.110.111.510.90
Material Costs24.7325.6917.8423.0220.0611.5515.911.8910.068.58
Employee Cost 1.311.361.341.060.490.760.650.450.590.76
Other Costs 0.290.260.270.440.350.390.320.200.430.73
Operating Profit 0.54-0.26-0.51-0.890.13-0.88-0.09-0.290.17-0.73
Operating Profit Margin (%) 2.0%-0.9%-2.6%-3.7%0.6%-7.4%-0.5%-12.4%1.3%-7.2%
Other Income 0.050.130.411.110.092.770.130.130.150.04
Interest 0.020.020.010.010.030.010.080.0700.06
Depreciation 0.530.520.490.200.150.150.150.150.200.21
Exceptional Items 0000000000
Profit Before Tax 0.04-0.67-0.610.010.031.72-0.19-0.380.11-0.96
Tax 0.02-0.03-0.070.050.720.70-0.51-0.090.030.03
Profit After Tax 0.02-0.64-0.53-0.04-0.691.020.32-0.290.08-1
PAT Margin (%) 0.1%-2.3%-2.7%-0.2%-3.2%8.5%1.9%-12.2%0.6%-9.7%
Adjusted EPS (₹)0.0-0.7-0.60.0-0.81.10.4-0.30.1-1.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 11.9811.3510.8110.7810.0911.1111.4311.1411.2310.23
Share Capital 9999999999
Reserves 2.982.341.811.771.092.112.432.142.221.23
Minority Interest0000000000
Debt8.068.063.521.551.551.551.551.551.552.60
Long Term Debt8.068.063.521.551.551.551.551.551.551.04
Short Term Debt0000000001.55
Trade Payables0.530.722.371.959.403.177.412.742.023.64
Others Liabilities 2.12-0.121.19-0.260.441.841.820.800.640.04
Total Liabilities 22.6920.0117.8914.0221.4917.6722.2216.2315.4416.51

Fixed Assets

Gross Block13.0213.0210.499.259.499.499.509.5010.3710.64
Accumulated Depreciation8.158.747.107.307.457.607.757.908.108.31
Net Fixed Assets4.864.283.391.952.041.901.751.602.272.33
CWIP 2.200.140.420.020.300.400.870.8700.10
Investments 0.060.060.060000000
Inventories1.703.672.823.321.530.092.111.313.483.56
Trade Receivables12.949.809.777.7914.1810.3012.498.677.208.30
Cash Equivalents 0.620.560.680.280.491.821.710.570.750.48
Others Assets0.311.500.740.662.953.163.283.221.741.74
Total Assets 22.6920.0117.8914.0221.4917.6722.2216.2315.4416.51

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3.84-2.104.24-1.060.73-1.230.36-1.130.18-0.90
PBT 0.04-0.67-0.610.010.031.72-0.19-0.380.11-0.96
Adjustment 0.550.530.18-0.790.17-2.540.160.170.200.26
Changes in Working Capital -4.28-1.824.7-0.390.59-0.160.49-0.91-0.11-0.19
Tax Paid -0.15-0.15-0.050.11-0.06-0.25-0.10-0.01-0.02-0.01
Cash Flow From Investing Activity 2.792.060.452.63-0.492.57-0.380.050-0.36
Capex 2.782.060.442.61-0.512.58-0.4700-0.37
Net Investments 0000000000
Others 0.010.010.010.020.02-0.010.090.050.010
Cash Flow From Financing Activity -0.02-0.02-4.56-1.97-0.03-0.01-0.08-0.0700.98
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-4.54-1.96000000
Interest Paid -0.02-0.02-0.01-0.01-0.03-0.01-0.08-0.070-0.06
Dividend Paid 0000000000
Others 0000000001.04
Net Cash Flow -1.07-0.060.12-0.400.211.33-0.10-1.140.18-0.28
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.19-5.45-4.8-0.34-6.579.622.84-2.540.74-9.27
ROCE (%)0.3-3.29-3.50.120.5614.24-0.85-2.420.92-7.03
Asset Turnover Ratio1.061.321.041.51.20.610.850.120.810.64
PAT to CFO Conversion(x)-192N/AN/AN/AN/A-1.211.13N/A2.25N/A
Working Capital Days
Receivable Days1911481811341873732461,636227276
Inventory Days1735604741252426468126
Payable Days369323410319912198086120

Gravity (India) Ltd Stock News

Gravity (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gravity India on 28-Mar-2024 16:01 is ₹4.12.
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 28-Mar-2024 16:01 the market cap of Gravity India stood at ₹3.71.
The latest P/E ratio of Gravity India as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Gravity India as of 28-Mar-2024 16:01 is 0.48.
The 52-week high of Gravity India is ₹6.00 and the 52-week low is ₹3.06.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gravity India is ₹5.99 ( Cr.) .

About Gravity (India) Ltd

The company was incorporated on March 13, 1987, as a private limited company under the name and style of Gravity Silk Mill. It was subsequently converted into a public limited company.

Gravity mainly manufactures fabrics made 100% cotton, newly home furnishing fabric polyester cotton (PC), polyester viscose (PV), 100% cotton, 100% polyester suiting fabrics as well as shirting fabrics and also manufactures industrial fabric as per the requirement of the customer.

At Gravity, the best of quality at the reasonable price is assured. The fabrics produced by Gravity are exported to the countries of Middle East, America, Europe and Africa.

Gravity (India) is one of the leading fabric manufacturers of India. The promoters are engaged in the fields of fabric manufacturing since past 25 years and producing cloth of various qualities.

Gravity has an newly installed capacity of 46 numbers sulzer 153' and 85' automatic dornier weaving machines with electronic jacquard, weaving capacity of 3,60,000 meter per month. The manufacturing units are located at union territory of Dadra & Nagar Haveli. The fabrics up to the width of 150' gray can be manufactured as per the requirement of the customers.

Products

• Fabrics • Newly Home Furnishing Fabric • Suiting, Shirting• Dress Materials, Upholstery • Industrial Fabrics

The company is set with a clear vision of the prospects and with deep insight of the textile industry's progress, observed over the past many years.

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