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Gravity India

₹4.6 0.3 | 6.4%

Market Cap ₹4 Cr.

Stock P/E -1.8

P/B 0.5

Current Price ₹4.6

Book Value ₹ 8.7

Face Value 10

52W High ₹6

Dividend Yield 0%

52W Low ₹ 3.1

Gravity India Research see more...

Overview Inc. Year: 1987Industry: Textile

Gravity India Share Price

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Price

Quarterly Price

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Peer Comparison

Gravity India Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 1 3 4 5 2 2 2 1 1 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 1 3 4 5 2 2 2 1 1 0
Total Expenditure 1 3 4 5 3 2 2 1 1 2
Operating Profit -0 0 0 0 -0 0 -0 -0 -0 -2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 0 0 0 -0 -0 -0 -0 -0 -2
Provision for Tax 0 0 0 0 0 0 -0 0 0 0
Profit After Tax -0 0 0 0 -0 -0 0 -0 -0 -2
Adjustments 0 0 0 0 0 0 -0 -0 0 0
Profit After Adjustments -0 0 0 0 -0 -0 0 -0 -0 -2
Adjusted Earnings Per Share -0.3 0.4 0.1 0 -0.4 -0.1 0.1 -0.3 -0.2 -2.2

Gravity 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 33 28 28 20 24 21 12 17 2 13 10 4
Other Income 0 0 0 0 1 0 3 0 0 0 0 0
Total Income 33 28 28 20 25 21 15 17 2 13 10 4
Total Expenditure 32 27 28 20 25 21 13 17 3 13 11 6
Operating Profit 1 1 -0 -0 0 0 2 0 -0 0 -1 -2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 -1 -1 0 0 2 -0 -0 0 -1 -2
Provision for Tax 0 0 -0 -0 0 1 1 -1 -0 0 0 0
Profit After Tax -0 0 -1 -1 -0 -1 1 0 -0 0 -1 -2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 0 -1 -1 -0 -1 1 0 -0 0 -1 -2
Adjusted Earnings Per Share -0 0 -0.7 -0.6 -0 -0.8 1.1 0.4 -0.3 0.1 -1.1 -2.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -23% -16% -14% -11%
Operating Profit CAGR 0% 0% 0% NAN%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 32% 23% 21% 10%
ROE Average -9% -4% 0% -1%
ROCE Average -7% -3% 1% -0%

Gravity 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 12 12 11 11 11 10 11 11 11 11 10
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 8 8 8 4 2 2 2 2 2 2 1
Other Non-Current Liabilities -0 -0 -0 -1 -1 0 1 0 0 0 -0
Total Current Liabilities 9 3 1 4 2 10 4 9 3 3 5
Total Liabilities 29 23 20 18 14 21 18 22 16 15 17
Fixed Assets 5 5 4 3 2 2 2 2 2 2 2
Other Non-Current Assets 5 3 1 1 0 0 1 1 1 0 0
Total Current Assets 19 15 15 14 12 19 15 19 14 13 14
Total Assets 29 23 20 18 14 21 18 22 16 15 17

Gravity 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 0 2 1 1 1 0 0 2 2 1 1
Cash Flow from Operating Activities -1 -4 -2 4 -1 1 -1 0 -1 0 -1
Cash Flow from Investing Activities -0 3 2 0 3 -0 3 -0 0 0 -0
Cash Flow from Financing Activities 2 -0 -0 -5 -2 -0 -0 -0 -0 0 1
Net Cash Inflow / Outflow 1 -1 -0 0 -0 0 1 -0 -1 0 -0
Closing Cash & Cash Equivalent 2 1 1 1 0 0 2 2 1 1 0

Gravity 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) -0.03 0.02 -0.71 -0.59 -0.04 -0.76 1.13 0.36 -0.32 0.09 -1.11
CEPS(Rs) 0.57 0.61 -0.13 -0.04 0.18 -0.59 1.3 0.52 -0.15 0.32 -0.88
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 13.28 13.31 12.6 12.01 11.97 11.21 12.34 12.7 12.38 12.47 11.37
Core EBITDA Margin(%) 1.74 1.96 -0.92 -2.58 -3.73 0.61 -7.39 -0.53 -12.36 1.3 -7.16
EBIT Margin(%) 0.3 0.21 -2.31 -3 0.07 0.31 14.45 -0.65 -13.18 0.92 -8.82
Pre Tax Margin(%) 0.28 0.14 -2.38 -3.07 0.04 0.16 14.35 -1.13 -16.06 0.89 -9.42
PAT Margin (%) -0.09 0.08 -2.26 -2.7 -0.16 -3.2 8.52 1.9 -12.15 0.65 -9.72
Cash Profit Margin (%) 1.57 1.99 -0.41 -0.2 0.67 -2.5 9.77 2.79 -5.72 2.23 -7.71
ROA(%) -0.09 0.09 -2.98 -2.81 -0.23 -3.86 5.21 1.61 -1.49 0.52 -6.23
ROE(%) -0.24 0.19 -5.45 -4.8 -0.34 -6.57 9.62 2.84 -2.54 0.74 -9.27
ROCE(%) 0.49 0.3 -3.29 -3.5 0.12 0.56 14.24 -0.85 -2.42 0.92 -7.03
Receivable days 207.1 191.03 147.76 180.99 133.65 187.42 372.91 245.88 1636.12 226.94 276.35
Inventory Days 12.06 17.23 34.89 60.03 46.76 41.33 24.7 23.82 264.42 68.42 125.5
Payable days 81.28 35.6 8.86 31.58 34.23 103.28 198.55 121.33 979.61 86.3 120.38
PER(x) 0 98.38 0 0 0 0 1.52 3.34 0 62.08 0
Price/Book(x) 0.22 0.18 0.15 0.16 0.35 0.27 0.14 0.09 0.17 0.46 0.33
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.27 0.35 0.33 0.23 0.21 0.18 0.11 0.05 1.21 0.46 0.55
EV/Core EBITDA(x) 14.07 16.39 -71.87 -46.27 23.7 17.32 0.68 21.58 -17.93 18.48 -8.02
Net Sales Growth(%) 3.06 -15.76 1.19 -29.53 21.55 -10.76 -44 41.18 -86.04 440.62 -19.77
EBIT Growth(%) 12.72 -39.27 -1194.11 8.92 102.71 319.3 2472.07 -106.3 -185.09 137.84 -867.23
PAT Growth(%) -149.24 178.76 -2959.77 16.26 93.01 -1740.95 248.84 -68.57 -189.47 128.73 -1307.78
EPS Growth(%) -149.16 178.91 -2958.7 16.26 93 -1738.87 248.84 -68.57 -189.47 128.72 -1308.09
Debt/Equity(x) 0.67 0.67 0.71 0.33 0.14 0.15 0.14 0.14 0.14 0.14 0.26
Current Ratio(x) 1.97 5.2 15.17 3.35 5.27 1.98 3.51 2.14 3.93 5.1 2.59
Quick Ratio(x) 1.88 4.95 11.69 2.65 3.79 1.82 3.49 1.91 3.55 3.74 1.93
Interest Cover(x) 17.57 3 -34.83 -40.46 2.37 2 149.57 -1.34 -4.58 25.92 -14.83
Total Debt/Mcap(x) 3.04 3.69 4.66 2.05 0.41 0.58 1 1.45 0.83 0.3 0.79

Gravity India Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 24.21 24.21 24.21 24.21 24.21 24.21 24.21 24.21 24.21 24.21
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 75.79 75.79 75.79 75.79 75.79 75.79 75.79 75.79 75.79 75.79
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.5 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 24.21%.
  • Company has a low return on equity of -4% over the last 3 years.
  • Debtor days have increased from 86.3 to 120.38days.

* 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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