Gravita India Ltd Share Price – NSE /  BSE

Non Ferrous Metals, Small Cap

Gravita India announced that its wholly owned subsidiary, Gravita Ghana has been voluntarily dissolved.

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Gravita India has received credit ratings from India Ratings and Research as under:

Fund based / non fund based working capital limit (Rs 100 crore) - IND AA-/Stable/ IND A1+

Proposed short term loans (Rs 50 crore) - IND A1+

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KPI Green Energy Ltd, Jai Corp Ltd, Vardhman Textiles Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 23 January 2025.

Gravita India Ltd lost 5.20% to Rs 2061.05 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 32939 shares were traded on the counter so far as against the average daily volumes of 13114 shares in the past one month.

KPI Green Energy Ltd tumbled 4.99% to Rs 370.2. The stock was the second biggest loser in 'A' group.On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.28 lakh shares in the past one month.

Jai Corp Ltd crashed 4.79% to Rs 138.1. The stock was the third biggest loser in 'A' group.On the BSE, 2.07 lakh shares were traded on the counter so far as against the average daily volumes of 2.71 lakh shares in the past one month.

Vardhman Textiles Ltd corrected 4.65% to Rs 458.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 25073 shares were traded on the counter so far as against the average daily volumes of 16146 shares in the past one month.

Ramkrishna Forgings Ltd dropped 4.11% to Rs 859.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 31103 shares were traded on the counter so far as against the average daily volumes of 47839 shares in the past one month.

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Gravita India has received credit ratings from India Ratings and Research as under:

Fund based / non fund based working capital limit (Rs 100 crore) - IND AA-/Stable/ IND A1+

Proposed short term loans (Rs 50 crore) - IND A1+

Powered by Capital Market - Live News

KPI Green Energy Ltd, Jai Corp Ltd, Vardhman Textiles Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 23 January 2025.

Gravita India Ltd lost 5.20% to Rs 2061.05 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 32939 shares were traded on the counter so far as against the average daily volumes of 13114 shares in the past one month.

KPI Green Energy Ltd tumbled 4.99% to Rs 370.2. The stock was the second biggest loser in 'A' group.On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.28 lakh shares in the past one month.

Jai Corp Ltd crashed 4.79% to Rs 138.1. The stock was the third biggest loser in 'A' group.On the BSE, 2.07 lakh shares were traded on the counter so far as against the average daily volumes of 2.71 lakh shares in the past one month.

Vardhman Textiles Ltd corrected 4.65% to Rs 458.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 25073 shares were traded on the counter so far as against the average daily volumes of 16146 shares in the past one month.

Ramkrishna Forgings Ltd dropped 4.11% to Rs 859.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 31103 shares were traded on the counter so far as against the average daily volumes of 47839 shares in the past one month.

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Profit before tax stood at Rs 80.11 crore in the December 2024 quarter, up 20.79% from Rs 73.77 crore in Q3 FY24.

Total expenses advanced 35.2% to Rs 915.69 crore during the quarter. The cost of material consumed stood at Rs 798.94 crore (up 29.3% YoY), employee benefit expenses stood at Rs 33.88 crore (up 1.3%), and finance cost was at Rs 18.97 crore (down 1.23% YoY) during the period under review.

EBITDA stood at Rs 102.27 crore in Q3 FY25, registering growth of 14.03% from Rs 89.68 crore posted in Q3 FY24.

EBITDA margin reduced to 10.26% in Q3 FY25 as against 11.83% recorded in the corresponding quarter previous year.

Yogesh Malhotra, whole-time director & CEO, Gravita India, said, “Gravita has delivered exceptional performance in the first nine months of FY25 and is progressing strongly towards achieving its vision 2028. This vision includes expanding capacities across both existing and new verticals, with an expected compound annual growth rate (CAGR) of 25%+ in volume and 35%+ in profitability.

The company also aims for a return on invested capital (ROIC) of 25%+, value-added products to contribute over 50% of the total portfolio, and non-lead business to account for 30%+ of the revenue. Furthermore, I am pleased to announce that Gravita has successfully raised Rs 1,000 crore through a Qualified Institutional Placement (QIP).”

These funds will be strategically utilized to drive the company’s vision of becoming a global leader and one of the most valuable companies in the recycling industry. Coming to Q3FY25 performance, Gravita achieved significant growth across key metrics, with volumes, revenues, EBITDA, and PAT increasing by 33%, 31%, 14%, and 29%, on YoY basis respectively. Proportion of Valueadded products and availability of domestic scrap continues to increase. Gravita is well-positioned for growth due to its strategic focus on ambitious capex and capacity expansion, global operations, and an integrated supply chain.

The company benefits from stringent regulatory compliance, operational excellence, and a focus on high-margin products. Proactive risk mitigation through hedging, an experienced management team, and strong stakeholder support further bolster its growth prospects.

Gravita India is a manufacturer of lead, lead alloys & lead products, aluminium alloys & plastic granules, and offers turnkey solutions for the recycling industry and consultancy.

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Gravita India announced that its wholly owned subsidiary, Gravita Ghana has been voluntarily dissolved.

Powered by Capital Market - Live News

Gravita India has received credit ratings from India Ratings and Research as under:

Fund based / non fund based working capital limit (Rs 100 crore) - IND AA-/Stable/ IND A1+

Proposed short term loans (Rs 50 crore) - IND A1+

Powered by Capital Market - Live News

KPI Green Energy Ltd, Jai Corp Ltd, Vardhman Textiles Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 23 January 2025.

Gravita India Ltd lost 5.20% to Rs 2061.05 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 32939 shares were traded on the counter so far as against the average daily volumes of 13114 shares in the past one month.

KPI Green Energy Ltd tumbled 4.99% to Rs 370.2. The stock was the second biggest loser in 'A' group.On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.28 lakh shares in the past one month.

Jai Corp Ltd crashed 4.79% to Rs 138.1. The stock was the third biggest loser in 'A' group.On the BSE, 2.07 lakh shares were traded on the counter so far as against the average daily volumes of 2.71 lakh shares in the past one month.

Vardhman Textiles Ltd corrected 4.65% to Rs 458.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 25073 shares were traded on the counter so far as against the average daily volumes of 16146 shares in the past one month.

Ramkrishna Forgings Ltd dropped 4.11% to Rs 859.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 31103 shares were traded on the counter so far as against the average daily volumes of 47839 shares in the past one month.

Powered by Capital Market - Live News

Gravita India has received credit ratings from India Ratings and Research as under:

Fund based / non fund based working capital limit (Rs 100 crore) - IND AA-/Stable/ IND A1+

Proposed short term loans (Rs 50 crore) - IND A1+

Powered by Capital Market - Live News

KPI Green Energy Ltd, Jai Corp Ltd, Vardhman Textiles Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 23 January 2025.

Gravita India Ltd lost 5.20% to Rs 2061.05 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 32939 shares were traded on the counter so far as against the average daily volumes of 13114 shares in the past one month.

KPI Green Energy Ltd tumbled 4.99% to Rs 370.2. The stock was the second biggest loser in 'A' group.On the BSE, 4.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.28 lakh shares in the past one month.

Jai Corp Ltd crashed 4.79% to Rs 138.1. The stock was the third biggest loser in 'A' group.On the BSE, 2.07 lakh shares were traded on the counter so far as against the average daily volumes of 2.71 lakh shares in the past one month.

Vardhman Textiles Ltd corrected 4.65% to Rs 458.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 25073 shares were traded on the counter so far as against the average daily volumes of 16146 shares in the past one month.

Ramkrishna Forgings Ltd dropped 4.11% to Rs 859.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 31103 shares were traded on the counter so far as against the average daily volumes of 47839 shares in the past one month.

Powered by Capital Market - Live News

Profit before tax stood at Rs 80.11 crore in the December 2024 quarter, up 20.79% from Rs 73.77 crore in Q3 FY24.

Total expenses advanced 35.2% to Rs 915.69 crore during the quarter. The cost of material consumed stood at Rs 798.94 crore (up 29.3% YoY), employee benefit expenses stood at Rs 33.88 crore (up 1.3%), and finance cost was at Rs 18.97 crore (down 1.23% YoY) during the period under review.

EBITDA stood at Rs 102.27 crore in Q3 FY25, registering growth of 14.03% from Rs 89.68 crore posted in Q3 FY24.

EBITDA margin reduced to 10.26% in Q3 FY25 as against 11.83% recorded in the corresponding quarter previous year.

Yogesh Malhotra, whole-time director & CEO, Gravita India, said, “Gravita has delivered exceptional performance in the first nine months of FY25 and is progressing strongly towards achieving its vision 2028. This vision includes expanding capacities across both existing and new verticals, with an expected compound annual growth rate (CAGR) of 25%+ in volume and 35%+ in profitability.

The company also aims for a return on invested capital (ROIC) of 25%+, value-added products to contribute over 50% of the total portfolio, and non-lead business to account for 30%+ of the revenue. Furthermore, I am pleased to announce that Gravita has successfully raised Rs 1,000 crore through a Qualified Institutional Placement (QIP).”

These funds will be strategically utilized to drive the company’s vision of becoming a global leader and one of the most valuable companies in the recycling industry. Coming to Q3FY25 performance, Gravita achieved significant growth across key metrics, with volumes, revenues, EBITDA, and PAT increasing by 33%, 31%, 14%, and 29%, on YoY basis respectively. Proportion of Valueadded products and availability of domestic scrap continues to increase. Gravita is well-positioned for growth due to its strategic focus on ambitious capex and capacity expansion, global operations, and an integrated supply chain.

The company benefits from stringent regulatory compliance, operational excellence, and a focus on high-margin products. Proactive risk mitigation through hedging, an experienced management team, and strong stakeholder support further bolster its growth prospects.

Gravita India is a manufacturer of lead, lead alloys & lead products, aluminium alloys & plastic granules, and offers turnkey solutions for the recycling industry and consultancy.

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