Gravity (India) Ltd
Incorporated in 1987, Gravity (India) Ltd. is into business of manufacturing and dealing in fabrics and all kind of Shirting, Furnishing and Industrial Fabric.
- Market Cap ₹ 3.95 Cr.
- Current Price ₹ 4.39
- High / Low ₹ 6.00 / 3.59
- Stock P/E
- Book Value ₹ 4.52
- Dividend Yield 0.00 %
- ROCE -81.2 %
- ROE -86.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.97 times its book value
- Debtor days have improved from 182 to 40.6 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -28.4% over past five years.
- Promoter holding is low: 24.2%
- Company has a low return on equity of -24.4% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Processing
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
32.83 | 27.65 | 27.98 | 19.72 | 23.96 | 21.37 | 11.97 | 16.90 | 2.36 | 12.68 | 10.19 | 2.25 | 2.63 | |
32.25 | 27.11 | 28.24 | 20.23 | 24.85 | 21.25 | 12.86 | 16.99 | 2.65 | 12.51 | 10.93 | 10.02 | 10.80 | |
Operating Profit | 0.58 | 0.54 | -0.26 | -0.51 | -0.89 | 0.12 | -0.89 | -0.09 | -0.29 | 0.17 | -0.74 | -7.77 | -8.17 |
OPM % | 1.77% | 1.95% | -0.93% | -2.59% | -3.71% | 0.56% | -7.44% | -0.53% | -12.29% | 1.34% | -7.26% | -345.33% | -310.65% |
0.07 | 0.05 | 0.13 | 0.41 | 1.11 | 0.09 | 2.77 | 0.13 | 0.13 | 0.15 | 0.04 | 0.02 | 0.05 | |
Interest | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.03 | 0.01 | 0.08 | 0.07 | 0.00 | 0.06 | 0.18 | 0.17 |
Depreciation | 0.54 | 0.53 | 0.52 | 0.49 | 0.20 | 0.15 | 0.15 | 0.15 | 0.15 | 0.20 | 0.21 | 0.23 | 0.23 |
Profit before tax | 0.10 | 0.04 | -0.67 | -0.60 | 0.01 | 0.03 | 1.72 | -0.19 | -0.38 | 0.12 | -0.97 | -8.16 | -8.52 |
Tax % | 120.00% | 25.00% | -4.48% | -11.67% | 400.00% | 2,366.67% | 40.70% | -268.42% | -23.68% | 25.00% | 3.09% | -24.51% | |
-0.03 | 0.02 | -0.64 | -0.53 | -0.04 | -0.69 | 1.02 | 0.32 | -0.29 | 0.08 | -1.00 | -6.16 | -6.52 | |
EPS in Rs | -0.03 | 0.02 | -0.71 | -0.59 | -0.04 | -0.77 | 1.13 | 0.36 | -0.32 | 0.09 | -1.11 | -6.84 | -7.24 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -22% |
5 Years: | -28% |
3 Years: | -2% |
TTM: | -69% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -594% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 31% |
3 Years: | 5% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | -10% |
5 Years: | -14% |
3 Years: | -24% |
Last Year: | -86% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
Reserves | 2.96 | 2.98 | 2.34 | 1.81 | 1.77 | 1.09 | 2.11 | 2.43 | 2.14 | 2.22 | 1.23 | -4.93 |
8.06 | 8.06 | 8.06 | 3.52 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 2.67 | 2.68 | |
9.44 | 2.94 | 1.01 | 4.08 | 2.15 | 9.72 | 4.57 | 8.80 | 3.11 | 2.53 | 3.74 | 0.82 | |
Total Liabilities | 29.46 | 22.98 | 20.41 | 18.41 | 14.47 | 21.36 | 17.23 | 21.78 | 15.80 | 15.30 | 16.64 | 7.57 |
5.36 | 4.86 | 4.28 | 3.39 | 1.95 | 2.04 | 1.90 | 1.75 | 1.60 | 2.27 | 2.33 | 2.22 | |
CWIP | 5.02 | 2.20 | 0.14 | 0.42 | 0.02 | 0.30 | 0.40 | 0.87 | 0.87 | 0.00 | 0.10 | 0.00 |
Investments | 0.06 | 0.06 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
19.02 | 15.86 | 15.93 | 14.54 | 12.50 | 19.02 | 14.93 | 19.16 | 13.33 | 13.03 | 14.21 | 5.35 | |
Total Assets | 29.46 | 22.98 | 20.41 | 18.41 | 14.47 | 21.36 | 17.23 | 21.78 | 15.80 | 15.30 | 16.64 | 7.57 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.89 | -3.84 | -2.10 | 4.24 | -1.06 | 0.73 | -1.23 | 0.36 | -1.13 | 0.18 | -0.90 | -0.11 | |
-0.12 | 2.79 | 2.06 | 0.45 | 2.63 | -0.49 | 2.57 | -0.38 | 0.05 | 0.10 | -0.36 | -0.12 | |
2.27 | -0.01 | -0.02 | -4.56 | -1.97 | -0.03 | -0.01 | -0.08 | -0.07 | 0.00 | 0.98 | -0.17 | |
Net Cash Flow | 1.26 | -1.06 | -0.06 | 0.12 | -0.40 | 0.21 | 1.33 | -0.10 | -1.14 | 0.27 | -0.28 | -0.40 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 178.11 | 170.82 | 127.84 | 180.83 | 118.67 | 242.19 | 314.08 | 269.75 | 1,340.91 | 207.26 | 297.30 | 40.56 |
Inventory Days | 11.04 | 25.08 | 52.12 | 57.70 | 52.64 | 27.85 | 2.84 | 48.41 | 251.66 | 126.26 | 151.45 | 203.69 |
Days Payable | 52.16 | 7.82 | 10.23 | 48.49 | 30.92 | 171.12 | 100.18 | 170.00 | 526.37 | 84.17 | 154.85 | 71.82 |
Cash Conversion Cycle | 136.99 | 188.08 | 169.74 | 190.04 | 140.39 | 98.93 | 216.74 | 148.16 | 1,066.20 | 249.34 | 293.90 | 172.43 |
Working Capital Days | 83.61 | 154.84 | 176.63 | 164.36 | 142.13 | 151.67 | 275.66 | 186.82 | 1,478.56 | 278.93 | 346.73 | 353.64 |
ROCE % | 0.55% | 0.30% | -3.30% | -5.40% | -7.20% | 0.50% | -7.90% | -0.86% | -2.42% | 0.94% | -7.09% | -81.22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Aug - Newspaper announcement for Unaudited Financial approved in the Board Meeting held on 7th August, 2024.
- Disclosure Of Related Party Transaction For The Quarter Ended 30Th June, 2024 8 Aug
- Announcement under Regulation 30 (LODR)-Change in Management 7 Aug
- Intimation For Book Closure Pursuant To Regulation 42 Of SEBI(LODR) Regulation, 2015 7 Aug
- Results- Financial Results - Dated 07-08-2024 7 Aug
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Product Overview:[1]
Company mainly manufactures fabrics made from 100% cotton Home Furnishing Fabric, Polyester Cotton (PC), Polyester Viscose (PV), 100% cotton, 100% Polyester of Suiting fabrics as well as Shirting Fabrics and also manufactures Industrial Fabrics as per the requirement of the customer.