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Gravita India

₹910.8 -0.5 | 0.1%

Market Cap ₹6288 Cr.

Stock P/E 26.3

P/B 7.5

Current Price ₹910.8

Book Value ₹ 121.3

Face Value 2

52W High ₹1167.1

Dividend Yield 0.57%

52W Low ₹ 536

Gravita India Research see more...

Overview Inc. Year: 1992Industry: Metal - Non Ferrous

Gravita India Ltd manufactures and recycles aluminium, lead, and lead products in India and internationally. It operates through Turn-Key Solutions, Plastic Manufacturing segments, Lead Processing, and Aluminium Processing. The organization manufactures lead metal merchandise, inclusive of pure lead refined lead ingots and remelted lead ingots, as well as lead-antimony alloy, lead-calcium alloy, selenium, copper, tin, arsenic, and so on. It also provides lead merchandise comprising sheets, powder, plates, balls, wires, bricks, wool, foils, cames, flanges, blankets, weights, sheaths, pipes, anodes, and lead coolants for nuclear power application. In addition, the business enterprise gives lead chemical substances and oxides such as lead sub oxide, red lead, lead nitrate, litharge, and lead mono silicate products; and radiation protection merchandise for quite a number of radiation shielding programs. Further, it manufactures aluminium alloy ingots; and plastic merchandise, consisting of polypropylene granules and PET bottle flakes, as well as presents turn-key solutions for lead-acid battery recycling methods and plants. The organisation also exports its merchandise. Gravita India Ltd incorporated in 1992 and is primarily based in Jaipur, India.

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Gravita India Share Price

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Gravita India Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 557 666 580 683 789 749 703 836 758 863
Other Income 4 -1 50 7 -5 23 23 14 15 25
Total Income 560 666 630 690 784 772 727 850 773 888
Total Expenditure 503 597 564 624 712 686 645 764 677 791
Operating Profit 58 69 66 66 72 87 82 87 96 97
Interest 7 15 11 10 9 10 13 11 13 12
Depreciation 5 5 5 6 6 7 8 9 9 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 46 49 50 50 58 70 61 67 74 72
Provision for Tax 4 3 5 5 7 6 9 8 12 3
Profit After Tax 41 46 45 45 50 64 53 59 61 69
Adjustments -2 -4 -2 -0 -0 -0 -0 -1 -1 -0
Profit After Adjustments 39 41 43 45 50 64 52 58 60 69
Adjusted Earnings Per Share 5.7 6 6.2 6.5 7.3 9.2 7.5 8.4 8.7 10

Gravita India Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 400 517 501 431 655 1017 1242 1348 1410 2216 2801 3160
Other Income 3 1 5 4 3 2 5 1 7 8 93 77
Total Income 402 518 506 435 657 1019 1247 1349 1417 2224 2894 3238
Total Expenditure 364 478 482 414 597 926 1180 1247 1295 2001 2599 2877
Operating Profit 38 40 24 21 60 93 67 102 122 223 295 362
Interest 9 10 11 9 11 20 26 31 31 38 44 49
Depreciation 2 6 6 7 6 9 12 18 20 21 24 38
Exceptional Income / Expenses 0 0 0 0 0 0 0 -5 0 0 0 0
Profit Before Tax 27 25 7 6 44 64 30 47 71 165 228 274
Provision for Tax 4 3 -2 0 8 17 10 10 14 16 24 32
Profit After Tax 23 22 10 5 35 48 19 37 57 148 204 242
Adjustments -4 -0 -3 -1 -2 -4 -4 -3 -4 -9 -3 -2
Profit After Adjustments 19 21 7 4 33 44 15 33 52 139 201 239
Adjusted Earnings Per Share 2.8 3.1 1 0.6 4.8 6.4 2.3 4.8 7.6 20.2 29.1 34.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 28% 22% 21%
Operating Profit CAGR 32% 42% 26% 23%
PAT CAGR 38% 77% 34% 24%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 62% 100% 67% 39%
ROE Average 42% 37% 27% 23%
ROCE Average 32% 28% 22% 19%

Gravita India Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 99 112 116 119 150 190 199 225 269 387 589
Minority's Interest 8 6 7 5 5 5 5 5 9 14 13
Borrowings 14 7 1 6 20 15 28 43 51 110 90
Other Non-Current Liabilities 1 2 -1 -1 0 4 5 11 10 19 15
Total Current Liabilities 93 93 124 108 180 279 335 330 387 484 531
Total Liabilities 216 220 248 238 355 492 573 614 726 1013 1237
Fixed Assets 44 61 54 54 68 109 137 182 172 191 273
Other Non-Current Assets 23 16 17 21 46 36 66 22 23 61 62
Total Current Assets 149 143 178 163 241 347 370 410 531 761 902
Total Assets 216 220 248 238 355 492 573 614 726 1013 1237

Gravita India Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 6 4 4 7 9 10 6 12 11 11 23
Cash Flow from Operating Activities 19 18 -0 29 1 -3 89 34 77 10 200
Cash Flow from Investing Activities -11 -8 -2 -10 -49 -42 -66 -14 -19 -69 -105
Cash Flow from Financing Activities -10 -10 6 -17 49 40 -17 -21 -57 72 -87
Net Cash Inflow / Outflow -2 -0 3 2 2 -4 6 -2 1 12 7
Closing Cash & Cash Equivalent 4 4 7 9 10 6 12 11 11 23 30

Gravita India Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 2.79 3.13 0.97 0.64 4.78 6.42 2.25 4.81 7.6 20.19 29.12
CEPS(Rs) 3.77 4.06 2.34 1.78 5.99 8.2 4.5 7.92 11.17 24.48 33.03
DPS(Rs) 0.8 0.8 0.2 0.2 0.6 0.7 0.3 0.7 1.1 3 4.35
Book NAV/Share(Rs) 14.45 16.21 16.86 17.31 21.8 27.51 28.85 32.62 38.95 56.02 85.29
Core EBITDA Margin(%) 8.67 7.13 3.69 3.82 8.33 8.9 4.98 7.45 8.15 9.69 7.19
EBIT Margin(%) 8.88 6.29 3.36 3.27 7.86 8.21 4.49 5.8 7.22 9.12 9.65
Pre Tax Margin(%) 6.66 4.47 1.37 1.32 6.32 6.24 2.38 3.47 5.02 7.41 8.11
PAT Margin (%) 5.73 3.95 1.81 1.21 5.11 4.63 1.56 2.71 4.02 6.68 7.27
Cash Profit Margin (%) 6.27 5.05 3.02 2.7 5.96 5.47 2.49 4.05 5.46 7.6 8.12
ROA(%) 12.31 9.92 4.1 2.26 11.86 11.25 3.64 6.16 8.48 17.07 18.14
ROE(%) 25.48 20.7 8.5 4.7 26.26 28.17 10.01 17.27 23 45.27 41.83
ROCE(%) 22.62 18.74 8.6 6.75 20.27 22.9 12.79 16.54 19.92 31.19 31.76
Receivable days 39.21 28.67 23.99 22.69 23.82 30.74 30.81 22.14 16.41 13.88 16.03
Inventory Days 42.99 43.5 52.42 66.66 49 47.48 50.13 54.95 75.25 71.52 72.14
Payable days 16.84 13.47 9.46 11.4 7.89 13.9 25.68 30.77 35.65 17.6 9.75
PER(x) 10.79 10.86 37.85 38.02 10.6 24.35 36.23 7.05 11.91 15.82 16.63
Price/Book(x) 2.09 2.09 2.18 1.4 2.32 5.68 2.83 1.04 2.32 5.7 5.68
Dividend Yield(%) 2.65 2.36 0.54 0.82 1.19 0.45 0.37 2.06 1.22 0.94 0.9
EV/Net Sales(x) 0.69 0.6 0.69 0.59 0.75 1.27 0.64 0.36 0.61 1.16 1.3
EV/Core EBITDA(x) 7.23 7.69 14.39 11.77 8.24 13.84 11.73 4.78 7.05 11.47 12.37
Net Sales Growth(%) 48.56 29.43 -3.07 -13.98 51.86 55.37 22.05 8.54 4.6 57.18 26.39
EBIT Growth(%) 68.17 -5.26 -48.54 -16.89 267.06 56.19 -34.04 40.59 30 98.91 33.79
PAT Growth(%) 54.13 -7.95 -55.69 -42.82 541.09 35.59 -59.3 88.67 55.32 161.26 37.48
EPS Growth(%) 26.48 11.93 -68.99 -34.08 647.14 34.37 -64.88 113.27 58.11 165.66 44.27
Debt/Equity(x) 0.76 0.74 0.89 0.84 1.11 1.23 1.26 1.21 0.95 1 0.58
Current Ratio(x) 1.6 1.53 1.43 1.5 1.34 1.24 1.1 1.24 1.37 1.57 1.7
Quick Ratio(x) 0.87 0.86 0.71 0.81 0.73 0.68 0.56 0.56 0.45 0.51 0.58
Interest Cover(x) 4 3.46 1.69 1.68 5.11 4.16 2.13 2.49 3.29 5.33 6.23
Total Debt/Mcap(x) 0.37 0.35 0.41 0.6 0.48 0.22 0.45 1.16 0.41 0.18 0.1

Gravita India Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73 73 73 73 73 73 66.48 66.48 66.48 66.48
FII 1.38 1.21 1.13 0.79 3.49 3.08 9.32 9.99 10.58 11.08
DII 0.16 0.14 0 0.19 0.21 0.25 0.39 0.42 0.42 0.43
Public 25.47 25.64 25.87 26.01 23.31 23.67 23.81 23.11 22.51 22
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 33% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37%
  • Debtor days have improved from 17.6 to 9.75days.
  • Company has reduced debt.

Cons

  • Stock is trading at 7.5 times its book value.

* 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.

Gravita India News

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