NSE: GRAVITA · BSE: 533282 · ISIN INE024L01027
Gravita India Limited stock analysis
Gravita India Limited ranks #1839 in the TickerSutra evidence-ranked universe with a score of 50/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.0%, quarterly sales growth of 41.8% and quarterly profit growth of 14.1%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 15% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,216cr | ₹217cr | ₹148cr | 10.0% |
| 2023 | ₹2,801cr | ₹207cr | ₹204cr | 7.0% |
| 2024 | ₹3,161cr | ₹287cr | ₹242cr | 9.0% |
| 2025 | ₹3,869cr | ₹328cr | ₹313cr | 8.0% |
| 2026 | ₹4,265cr | ₹435cr | ₹378cr | 10.0% |
| TTM | ₹4,700cr | ₹444cr | ₹392cr | 9.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Gravita India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026
RoutineGravita India Ltd - 533282 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 29 Sept 2026Proceedings of 34th Annual General Meeting.
RoutineGravita India Ltd - 533282 - Closure of Trading WindowNSE · 26 Sept 2026We wish to inform you that in terms of code of conduct to regulate, monitor and report trading by designated persons framed pursuant to SEBI(Prohibition of Insider trading) Regulation,2015.
RoutineCopy of Newspaper PublicationNSE · 10 Sept 2026Gravita India Limited has informed the Exchange about Copy of Newspaper Publication
RoutineGravita India Ltd - 533282 - Announcement under Regulation 30 (LODR)-Newspaper PublicationBSE · 10 Sept 2026Newspaper advertisement regarding opening of special window for re-lodgement of transfer requests of physical shares
MANAGEMENT COMMENTARY
Signals from filed documents
RMIL’s long- standing manufacturing presence, specialized product capabilities and global customer relationships are expected to create strong operational and commercial synergies for Gravita going forward. The acquisition also enhances the Company’s backward integration capabilities through copper scrap- to-alloy manufacturing, thereby supporting better cost efficiencies, improved operating leverage and stronger val
RMIL’s long- standing manufacturing presence, specialized product capabilities and global customer relationships are expected to create strong operational and commercial synergies for Gravita going forward. The acquisition also enhances the Company’s backward integration capabilities through copper scrap- to-alloy manufacturing, thereby supporting better cost efficiencies, improved operating leverage and stronger val
Backed by the Company’s strong procurement ecosystem, integrated recycling capabilities and increasing focus on value-added products, the segment continued to contribute significantly to the overall business portfolio during the year. During FY 2025-26, Gravita further strengthened its leadership position within the lead recycling ecosystem through continued capacity expansion, higher domestic scrap sourcing and enha
The Company continued to leverage its integrated recycling ecosystem and established procurement network to strengthen sourcing efficiencies and operational reliability across the plastic recycling business. Gravita’s capability to manufacture customized plastic granules and value-added recycled products for diversified industrial applications supported improved customer engagement and product acceptance across domes
By March 2026, aluminium prices had risen to around USD 3,400 per tonne, representing an increase of over 43% from April 2025 levels. For India’s secondary aluminium industry, the pricing environment created both opportunities and challenges. Rising aluminium and scrap prices increased raw material costs, particularly for processors dependent on spot purchases, while integrated recyclers with established sourcing net
In Q1 FY27, EBITDA per ton for the lead, aluminum, plastic and copper segment stood at INR24,181, INR25,175, INR10,197 and INR55,151, respectively, supported by better realization and improved operational efficiency. We remain confident in our long-term growth outlook and our ability to deliver on Vision 2030 with a strong pipeline of capacity expansions, continued business diversification and increasing share of val
The policy on Related Party Transactions as approved by the Board is available on the Company’s website at https://www.gravitaindia.com/Upload/PDF/Related_Party_Transaction_policy-(RPT).pdf Further, in terms of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transactions with person/entity belonging to the promoter/ promoter group holding 10% or more sha
In Europe, compliance-grade recycled PET traded at premiums ranging from approximately EUR 600 to EUR 830 per tonne over virgin PET during the year, reflecting strong demand for certified recycled content and limited availability of high-quality feedstock. At the same time, lower virgin polymer prices, supported by additional petrochemical capacities and softer global demand, created margin pressures across the recyc
The acquisition provides Gravita with a strong entry platform into high-value copper recycling and alloy manufacturing segments with established applications across electrical, industrial and defence- oriented industries. RMIL’s long- standing manufacturing presence, specialized product capabilities and global customer relationships are expected to create strong operational and commercial synergies for Gravita going
The sharp price rise was broadly positive for our aluminium recycling segment given our advance scrap procurement and inventory positions. However, raw material costs for scrap-dependent processors rose proportionally in H2, compressing MSME competitor margins and highlighting our structural advantage of global sourcing across multiple origin countries versus single-market procurement. ALUMINIUM RECYCLING SUPPORTED B
Plastic Segment The Plastic recycling segment continued to strengthen its strategic relevance within Gravita’s diversified recycling portfolio during FY 2025-26. Increasing environmental awareness, regulatory focus on plastic waste management and growing adoption of recycled polymers across industries continued to create favourable growth opportunities for organized recycling players during the year. The Company cont
for the period from 13 th March, 2026 to 31 st March, 2026, which has been considered in the Consolidated Financial Statements of the Company. Other Subsidiaries: The Company has some other Subsidiaries/Step down Subsidiaries which are under process of implementation of projects/commercial production. The details of the same are given below: Noble Build Estate Private Limited, India Green Recyclers Mozambique LDA
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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