On 6 Nov 2026, Gravita India was priced at ₹1,493.90, or 27.3× trailing earnings, against an industry P/E of 25.1×, and the shares are 22% below their 52-week high. It earns ROCE of 18% and ROE of 16%, and sales and net profit grew 15% and 23% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.33× equity. It is a small-cap company with a market cap of ₹10,883 Cr, ranked 7th of 71 Metal Fabrication companies by market cap; the shares fell 15% over the past year.
- ₹1,488.00
- ₹1,502.80
- ₹1,461.10
- ₹1,494.90
- 1.4 L
Health check
- ReturnsBehind
−15.4% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 27.3 vs industry 25.1.
- GrowthSteady
Sales +14.9%, profit +23.5% a year over 3 years.
- ProfitabilityAverage
ROCE 18.1% vs peer median 7.9%.
- Balance sheetFair
Debt 0.33× equity, interest covered 20.2×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹10,883 Cr
- Small cap
- P/E
- 27.3
- Industry 25.1
- Price to book
- 4.11
- Peers 7.00
- Dividend yield
- 0.52%
- ROE
- 16.2%
- Peers 6.7%
- ROCE
- 18.1%
- Peers 7.9%
- Debt to equity
- 0.33
- Debt ₹872 Cr
- EPS (TTM)
- ₹54.64
- Face value ₹2
- OPM (TTM)
- 9.3%
- Net margin 7.8%
- Sales growth
- +37.8%
- Latest quarter vs a year ago
- Profit growth
- +6.3%
- Latest quarter vs a year ago
- Price to sales
- 2.14
- EV/EBITDA 22.3
Strengths and risks
Strengths
- Quarterly sales up 37.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Gravita India
Gravita India Limited manufactures and recycles lead metal, lead products, aluminium alloys, and plastic granules in India and internationally. It operates through Lead Processing, Aluminium Processing, Turn-Key Solutions, Plastic Manufacturing, and Copper Alloys and Strips Processing segments. The company engages in smelting of lead battery scrap/lead concentrate to produce secondary lead metal, such as pure lead, specific lead alloy, lead oxides, and…
- Headquarters
- Jaipur
- Employees
- 3,500
- Sector
- Industrials
- ISIN
- INE024L01027
- Website
- gravitaindia.com
Price range
- Avg volume (3M)
- 2.1 L
- 1-year return
- minus 15.4%
- From 52-week high
- minus 21.9%
Analyst consensus
Peers · Metal Fabrication
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORGBharat Forge | 1,740.00 | minus 0.74% | 85,029 | 121.8 | 30.8 | 15.6% | 14.7% | 0.68 | 9.7% | plus 32.3% |
| INDOMIMINDO-MIM | 1,219.50 | minus 3.93% | 60,302 | 101.1 | 563.9 | 22.8% | 28.6% | 0.49 | 15.8% | plus 64.4% |
| PTCILPTC Industries | 24,335.00 | plus 0.04% | 38,564 | 290.6 | 284.6 | 7.9% | 24.6% | 0.18 | 40.7% | plus 41.4% |
| ZETWERKZetwerk Manufacturing Businesses | 164.89 | minus 1.10% | 27,937 | – | 79.9 | −13.0% | 0.1% | 0.57 | 56.9% | plus 19.3% |
| HAPPYFORGEHappy Forgings | 1,694.50 | minus 10.00% | 15,996 | 49.0 | 33.8 | 18.9% | 30.6% | 0.15 | 9.8% | plus 85.8% |
| RKFORGERamkrishna Forgings | 693.85 | minus 4.25% | 13,087 | 68.4 | 24.8 | 4.7% | 17.1% | 0.64 | 10.5% | plus 35.6% |
| GRAVITAGravita India | 1,493.90 | minus 0.07% | 10,883 | 27.3 | 25.3 | 18.1% | 9.3% | 0.33 | 14.9% | minus 15.4% |
| RHIMRHI MAGNESITA INDIA LTD. | 359.80 | minus 0.21% | 7,430 | – | 15.9 | −7.2% | 11.7% | 0.13 | 13.9% | minus 24.4% |
| Median of 7 peers | – | −1.10% | 27,937 | 101.1 | 33.8 | 7.9% | 17.1% | 0.49 | 13.9% | 35.6% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,040 | 1,017 | 1,173 | 1,475 | 1,427 | |
| 939 | 897 | 1,060 | 1,365 | 1,293 | |
| 101 | 120 | 113 | 110 | 134 | |
| 9.7% | 11.8% | 9.6% | 7.4% | 9.4% | |
| 30.1 | 11.7 | 8.9 | 47.5 | 18 | |
| 6.1 | 6.5 | 4.4 | 11.5 | 13.9 | |
| 8.7 | 9.8 | 11.1 | 14.5 | 13.9 | |
| 116 | 115 | 106 | 131 | 124 | |
| 19.7% | 15.3% | 13.3% | 19.0% | 17.9% | |
| 93.3 | 97.7 | 91.9 | 106 | 102 | |
| 12.81 | 13.41 | 12.62 | 14.60 | 14.01 |
Profit & loss
- Sales CAGR 3Y
- +14.9%
- Profit CAGR 3Y
- +23.5%
- EPS CAGR 3Y
- +20.5%
- ROE
- 16.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,787 | 3,143 | 3,839 | 4,227 | |
| – | +12.8% | +22.1% | +10.1% | |
| 2,566 | 2,846 | 3,507 | 3,788 | |
| 221 | 297 | 332 | 439 | |
| 7.9% | 9.4% | 8.6% | 10.4% | |
| 15.9 | 18.8 | 16.4 | 30.5 | |
| 27.7 | 38.8 | 33.8 | 23.4 | |
| 24 | 38 | 29.1 | 38.8 | |
| 42.7 | 35.4 | 78.4 | 40.9 | |
| 228 | 274 | 363 | 448 | |
| 10.3% | 11.6% | 13.9% | 15.6% | |
| 201 | 239 | 312 | 379 | |
| – | +18.9% | +30.6% | +21.3% | |
| 29.72 | 34.88 | 45.11 | 52.02 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.8 | 13.8 | 14.8 | 14.8 | |
| 575 | 824 | 2,055 | 2,437 | |
| 348 | 548 | 286 | 736 | |
| 269 | 217 | 159 | 229 | |
| 1,205 | 1,602 | 2,515 | 3,417 | |
| 325 | 393 | 472 | 840 | |
| 52 | 44.4 | 42.6 | 64 | |
| 4.4 | 3.9 | 42.3 | 34.1 | |
| 56.9 | 52.3 | 856 | 521 | |
| 767 | 1,109 | 1,102 | 1,957 | |
| 1,205 | 1,602 | 2,515 | 3,417 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 200 | 42.4 | 282 | 169 | |
| −105 | −158 | −864 | −364 | |
| −87.4 | 121 | 640 | 178 | |
| 7 | 5.4 | 58.8 | −16.7 | |
| −108 | −98.2 | −107 | −216 | |
| 91.9 | −55.8 | 175 | −46.4 | |
| −4.3 | −29.5 | −35.4 | −46.2 |
Shareholding pattern
- Promoters55.88%
- Public42.82%
- Employee trusts1.30%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 55.88% | 42.82% | 0.00 | |
| 30 Jun 2026 | 55.88% | 42.80% | 0.00 | |
| 31 Mar 2026 | 55.88% | 42.79% | 0.00 | |
| 31 Dec 2025 | 55.88% | 42.79% | 0.00 | |
| 30 Sep 2025 | 55.88% | 42.78% | – |
Major shareholders
Filings & events
News
No recent news coverage found.