Gravita India Ltd

Gravita India Ltd

₹ 2,033 -2.70%
21 Nov - close price
About

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.

Key Points

Product Portfolio
Co’s product is classified into 5 verticals: Lead recycling, Aluminium recycling, Plastic recycling, Rubber recycling, and Turnkey Solutions. Some of its products are Pure Lead, Specific Lead Alloy, Lead sheets, Lead powder, Pet flakes, etc.[1]

  • Market Cap 14,039 Cr.
  • Current Price 2,033
  • High / Low 2,700 / 730
  • Stock P/E 76.4
  • Book Value 73.5
  • Dividend Yield 0.26 %
  • ROCE 36.6 %
  • ROE 47.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 56.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.5%
  • Company has been maintaining a healthy dividend payout of 33.9%

Cons

  • Stock is trading at 27.6 times its book value
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -9.63%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
471 468 561 503 618 707 696 654 705 599 721 757 786
450 453 532 513 592 665 654 609 643 551 676 706 734
Operating Profit 21 15 29 -10 26 41 42 44 62 48 44 51 52
OPM % 4% 3% 5% -2% 4% 6% 6% 7% 9% 8% 6% 7% 7%
1 2 2 41 5 -9 22 17 -1 23 16 2 18
Interest 5 5 13 8 8 8 9 10 7 8 7 6 7
Depreciation 2 2 2 2 3 3 3 3 3 3 3 4 4
Profit before tax 14 9 16 20 21 22 53 48 51 60 50 43 59
Tax % 18% 17% 21% 19% 21% 23% 3% 19% 14% 16% 6% 16% 15%
11 8 12 16 16 17 51 39 44 50 47 36 51
EPS in Rs 1.65 1.11 1.78 2.37 2.38 2.51 7.40 5.61 6.30 7.31 6.80 5.19 7.33
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
256 338 334 353 533 787 1,059 1,172 1,226 1,894 2,524 2,679 2,863
242 314 327 343 493 729 1,018 1,100 1,161 1,813 2,422 2,478 2,667
Operating Profit 14 24 7 10 40 58 42 73 65 81 102 202 196
OPM % 6% 7% 2% 3% 7% 7% 4% 6% 5% 4% 4% 8% 7%
12 3 7 4 1 1 12 -9 10 6 59 52 58
Interest 6 9 9 8 9 18 23 27 26 30 34 32 28
Depreciation 1 2 3 3 3 5 7 9 9 9 11 13 14
Profit before tax 20 16 2 3 28 36 24 28 40 49 116 208 212
Tax % 8% 7% -205% -1% 19% 30% 21% 20% 20% 18% 13% 14%
18 15 5 3 23 25 19 22 32 40 101 180 184
EPS in Rs 2.64 2.18 0.75 0.48 3.36 3.71 2.76 3.25 4.66 5.76 14.65 26.02 26.63
Dividend Payout % 30% 37% 27% 42% 18% 19% 11% 22% 24% 52% 30% 20%
Compounded Sales Growth
10 Years: 23%
5 Years: 20%
3 Years: 30%
TTM: 4%
Compounded Profit Growth
10 Years: 28%
5 Years: 57%
3 Years: 74%
TTM: 22%
Stock Price CAGR
10 Years: 39%
5 Years: 118%
3 Years: 119%
1 Year: 84%
Return on Equity
10 Years: 27%
5 Years: 33%
3 Years: 38%
Last Year: 47%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 64 73 76 79 102 122 136 150 175 194 295 443 494
55 67 90 94 160 207 216 230 212 322 286 268 268
29 23 16 10 24 64 119 86 186 229 251 315 401
Total Liabilities 162 177 196 197 299 407 485 481 587 758 846 1,039 1,177
12 42 37 38 54 82 107 117 115 140 177 203 209
CWIP 7 2 3 12 23 14 9 3 5 15 14 8 10
Investments 41 22 27 27 29 17 24 15 10 9 10 9 9
103 111 129 120 192 294 345 346 457 594 645 819 950
Total Assets 162 177 196 197 299 407 485 481 587 758 846 1,039 1,177

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 4 -1 7 -9 -18 54 20 53 -21 96 91
0 -5 -8 -4 -40 -10 -34 -0 -2 -41 -22 -15
-3 0 9 -4 52 27 -18 -22 -50 61 -68 -82
Net Cash Flow -0 -0 0 -1 3 -2 2 -3 1 -1 6 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 32 37 23 30 41 49 37 18 19 20 20 29
Inventory Days 63 48 79 60 70 69 52 55 88 79 64 76
Days Payable 36 16 12 6 11 31 42 28 45 16 17 30
Cash Conversion Cycle 59 69 90 84 100 87 47 45 63 82 67 76
Working Capital Days 68 73 100 99 98 95 69 73 74 68 54 68
ROCE % 17% 17% 7% 5% 17% 18% 13% 18% 17% 17% 27% 37%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.00% 73.00% 73.00% 73.00% 73.00% 73.00% 66.48% 66.48% 66.48% 66.48% 63.37% 63.37%
1.38% 1.21% 1.13% 0.79% 3.48% 3.08% 9.32% 9.99% 10.58% 11.08% 13.40% 14.01%
0.15% 0.15% 0.00% 0.19% 0.21% 0.25% 0.39% 0.42% 0.43% 0.43% 2.61% 3.21%
23.47% 23.64% 23.87% 24.02% 21.29% 21.66% 21.81% 21.66% 21.06% 20.56% 19.18% 17.95%
2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 1.98% 1.45% 1.45% 1.45% 1.45% 1.45%
No. of Shareholders 38,13643,75143,82644,11847,71553,19062,91676,24281,52475,33575,74097,869

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls