Skip to main content
Swing Capital

Gravita India Ltd

NSE: GRAVITA BSE: 533282

Established in 1992, Gravita India Ltd is one of the largest lead producer in India. The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling and Turnkey projects. The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.

₹1,626
52W: ₹1267 — ₹2170
PE 40.4 · Book ₹250 · +550% vs book
Market Cap₹12,004 Cr
Stock P/E40.4Price to Earnings
ROCE19.6%Return on Capital
ROE17.3%Return on Equity
Div. Yield0.39%Face Value ₹2

Strengths

  • +Company has delivered good profit growth of 54.0% CAGR over last 5 years
  • +Company's median sales growth is 26.8% of last 10 years

Weaknesses

  • −Promoter holding has decreased over last 3 years: -17.1%
  • −Working capital days have increased from 60.0 days to 87.3 days

Shareholding Pattern

Promoters55.88%
FIIs13.94%
DIIs5.15%
Public23.71%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.37%63.37%59.27%▼4.159.27%55.88%▼3.455.88%55.88%55.88%
FIIs13.4%14.01%▲0.614.12%▲0.114.03%▼0.115.09%▲1.114.65%▼0.415.75%▲1.113.94%▼1.8
DIIs2.61%3.21%▲0.65.41%▲2.25.44%▲0.04.41%▼1.04.87%▲0.54.71%▼0.25.15%▲0.4
Public19.18%17.95%▼1.219.83%▲1.919.9%▲0.123.27%▲3.423.26%▼0.022.33%▼0.923.71%▲1.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales599721757786819860851852864915
Expenses551676706734773786779762789838
Operating Profit48445152467471907576
OPM %8%6%7%7%6%9%8%11%9%8%
Net Profit50473651347468877270
EPS ₹7.316.85.197.334.639.969.2111.829.789.44

AI Insights

Revenue Trend

Mar 2026 revenue at ₹3,481Cr, up 8% YoY. OPM at 9%.

Debt Position

Borrowings at ₹336Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Capex Cycle

CWIP at ₹19Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 5.15% (+4.76pp change). FIIs: 13.94% (+4.62pp change). Promoters hold 55.88%.

Margin & Efficiency

ROCE improving from 7% (Mar 2015) to 20% (Mar 2026). Working capital days: 87.

Valuation

PE 40.4x with 19.6% ROCE. Price is 550% above book value of ₹250. Dividend yield: 0.39%.

Recent Announcements