GRAVITA

Gravita India Limited

Recycling company for lead, aluminum, plastic and copper

Commodities›Metals & Mining›Minerals & Mining›Industrial Minerals

gravitaindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1479.30
Market cap
10,917 Cr
Stock P/E
27.9
P/B
4.45
Dividend yield
0.4%
ROE (FY26)
15.4%
ROCE (FY26)
14.8%
Operating margin (FY26)
9.3%
Debt / equity (FY26)
0.30
OCF / EBITDA (FY26)
38.9%
OCF / EBITDA (3Y)
47.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Gravita (Gravita India) recycles lead, aluminium, plastic and copper scrap into metals and other products, and sells them to customers in India and overseas.

Company snapshot

4thBy market cap

Ranked among 9 companies in Industrial Minerals.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Aluminium
8.5%
241 Cr22 Cr—
Lead
88.6%
2,508 Cr262 Cr—
Plastics
2.3%
65 Cr11 Cr—
Turnkey Projects
0.5%
14 Cr5 Cr—
others
0.1%
3 Cr1 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.30x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 47% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales836 Cr758 Cr863 Cr908 Cr927 Cr996 Cr1,037 Cr1,040 Cr1,036 Cr1,017 Cr1,173 Cr1,475 Cr
Operating expenses (approx.)764 Cr677 Cr791 Cr820 Cr864 Cr916 Cr945 Cr939 Cr933 Cr897 Cr1,060 Cr1,365 Cr
EBITDA73 Cr80 Cr72 Cr88 Cr63 Cr81 Cr92 Cr101 Cr102 Cr120 Cr113 Cr110 Cr
OPM %8.7%10.6%8.4%9.7%6.8%8.1%8.9%9.7%9.9%11.8%9.6%7.4%
Other income14 Cr15 Cr25 Cr7 Cr40 Cr29 Cr36 Cr30 Cr26 Cr12 Cr9 Cr48 Cr
Interest11 Cr13 Cr12 Cr13 Cr12 Cr13 Cr6 Cr6 Cr8 Cr7 Cr4 Cr11 Cr
Depreciation9 Cr9 Cr12 Cr7 Cr7 Cr8 Cr8 Cr9 Cr9 Cr10 Cr11 Cr14 Cr
Profit before tax67 Cr74 Cr72 Cr75 Cr85 Cr89 Cr115 Cr116 Cr111 Cr115 Cr106 Cr131 Cr
Tax %12.2%16.7%3.9%9.4%15.1%12.4%17.2%19.7%13.8%15.3%13.3%19.0%
Net profit59 Cr61 Cr69 Cr68 Cr72 Cr78 Cr95 Cr93 Cr96 Cr97 Cr92 Cr106 Cr
EPS (₹)₹8.52₹8.74₹9.92₹9.82₹10.66₹11.35₹13.04₹12.81₹13.18₹13.41₹12.62₹14.60

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales688 Cr1,029 Cr1,242 Cr1,348 Cr1,410 Cr2,216 Cr2,801 Cr3,161 Cr3,869 Cr4,265 CrSign in free for the trailing twelve months
Operating expenses (approx.)633 Cr941 Cr1,183 Cr1,250 Cr1,298 Cr2,005 Cr2,603 Cr2,877 Cr3,545 Cr3,830 CrSign in free for the trailing twelve months
EBITDA55 Cr89 Cr59 Cr97 Cr112 Cr211 Cr198 Cr284 Cr324 Cr435 CrSign in free for the trailing twelve months
OPM %8.0%8.6%4.7%7.2%7.9%9.5%7.1%9.0%8.4%10.2%Sign in free for the trailing twelve months
Other income3 Cr2 Cr5 Cr0.99 Cr7 Cr8 Cr93 Cr78 Cr112 Cr77 CrSign in free for the trailing twelve months
Interest9 Cr17 Cr23 Cr28 Cr28 Cr34 Cr39 Cr49 Cr43 Cr25 CrSign in free for the trailing twelve months
Depreciation6 Cr9 Cr12 Cr18 Cr20 Cr21 Cr24 Cr38 Cr29 Cr39 CrSign in free for the trailing twelve months
Profit before tax44 Cr64 Cr30 Cr47 Cr71 Cr165 Cr228 Cr274 Cr363 Cr448 CrSign in free for the trailing twelve months
Tax %19.3%25.8%34.5%22.1%19.9%9.8%10.3%11.6%13.9%15.6%Sign in free for the trailing twelve months
Net profit35 Cr48 Cr19 Cr37 Cr57 Cr148 Cr204 Cr242 Cr313 Cr378 CrSign in free for the trailing twelve months
EPS (₹)₹4.78₹6.42₹2.26₹4.82₹7.72₹20.60₹29.72₹34.88₹45.11₹52.02Sign in free for the trailing twelve months
Dividend payout %————13.1%16.1%2.1%12.2%11.3%12.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr15 Cr15 Cr
Reserves136 Cr176 Cr186 Cr211 Cr255 Cr373 Cr575 Cr824 Cr2,055 Cr2,437 Cr
Borrowings162 Cr226 Cr240 Cr255 Cr227 Cr387 Cr344 Cr545 Cr282 Cr732 Cr
Other liabilities39 Cr72 Cr128 Cr128 Cr222 Cr209 Cr259 Cr207 Cr155 Cr226 Cr
Total liabilities355 Cr492 Cr573 Cr614 Cr726 Cr998 Cr1,205 Cr1,602 Cr2,515 Cr3,417 Cr
Fixed assets (net)67 Cr108 Cr136 Cr169 Cr161 Cr191 Cr266 Cr342 Cr422 Cr769 Cr
CWIP32 Cr24 Cr46 Cr15 Cr13 Cr42 Cr46 Cr43 Cr39 Cr48 Cr
Investments0.04 Cr0.04 Cr0.02 Cr0.01 Cr0.0032 Cr0 Cr1 Cr17 Cr491 Cr413 Cr
Loans & advances——0.92 Cr1 Cr3 Cr2 Cr0.50 Cr0 Cr6 Cr7 Cr
Inventories109 Cr158 Cr183 Cr224 Cr358 Cr513 Cr596 Cr675 Cr617 Cr1,023 Cr
Trade receivables60 Cr113 Cr96 Cr68 Cr59 Cr110 Cr137 Cr264 Cr275 Cr431 Cr
Cash & bank10 Cr6 Cr12 Cr11 Cr11 Cr23 Cr30 Cr36 Cr95 Cr80 Cr
Other assets76 Cr82 Cr98 Cr127 Cr120 Cr116 Cr128 Cr226 Cr570 Cr646 Cr
Total assets355 Cr492 Cr573 Cr614 Cr726 Cr998 Cr1,205 Cr1,602 Cr2,515 Cr3,417 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1.00 Cr-3 Cr89 Cr34 Cr77 Cr10 Cr200 Cr42 Cr282 Cr169 Cr
Cash from investing-49 Cr-42 Cr-66 Cr-14 Cr-19 Cr-70 Cr-106 Cr-158 Cr-864 Cr-364 Cr
Cash from financing49 Cr40 Cr-17 Cr-21 Cr-57 Cr72 Cr-87 Cr121 Cr640 Cr178 Cr
Net cash flow2 Cr-4 Cr6 Cr-2 Cr0.65 Cr12 Cr7 Cr5 Cr59 Cr-14 Cr
Free cash flow (OCF − Capex)-46 Cr-43 Cr21 Cr19 Cr55 Cr-63 Cr92 Cr-56 Cr175 Cr-46 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.5%19.4%11.8%15.5%19.6%25.1%28.2%23.2%17.2%14.8%
ROE %21.1%24.5%7.6%14.4%18.9%34.8%33.4%28.1%15.0%15.4%
Debtor days32402818151818312637
Inventory days79696676108107959671104
Days payable102136294816141057
Cash conversion cycle100885965751099811792134
OCF / EBITDA %1.8%-2.9%151.6%34.7%68.4%4.8%101.3%15.0%87.1%38.9%
OCF / EBITDA % (3 years)——43.1%49.1%74.4%28.7%55.1%36.5%65.2%47.4%
Debt / equity1.081.191.201.130.841.000.580.650.140.30
Current ratio1.341.241.101.241.371.611.762.408.432.91
Net debt / EBITDA2.73—3.882.511.921.731.591.800.581.50