Gravita India Limited (GRAVITA) AI Stock Analysis

• Market Cap: ₹118.32B
• Dividend Yield: 0.63%
• Average Volume (3M): 16.92K
• Price to Earnings (P/E): 30.6
• Beta (1Y): 1.96
• Revenue Growth: 18.88%
• EPS Growth: 27.10%
• Country: IN
• Employees: 3,717
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 13.40
• Shares Outstanding: 73,808,450
• 10 Day Avg. Volume: 14,490
• 30 Day Avg. Volume: 16,923
• PEG Ratio: 1.33
• Price to Book (P/B): 5.90
• Price to Sales (P/S): 3.16
• P/FCF Ratio: 69.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,200.00
• Price Target Upside: 18.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ₹1,810.00 ▼(-2.66% Downside)

Gravita India Limited's strong financial performance and positive technical indicators are the primary drivers of its stock score. The company's robust revenue growth, improved margins, and efficient cash management support a solid financial position. While the stock's valuation is on the higher side, it reflects the company's strong fundamentals and growth prospects.

Positive Factors

Revenue and margin improvement

Consistent revenue growth alongside rising gross and net margins indicates durable demand for recycled metals and improving operational efficiency. Sustained top-line expansion and margin improvement enhance reinvestment capacity, support unit economics at higher utilization, and strengthen long-term earnings power.

Free cash flow generation

Material improvement in free cash flow signals stronger operating cash conversion and tighter working-capital control. Persistent FCF gives the company flexibility to fund capex for recovery yield improvements, reduce leverage, and pursue strategic investments without relying heavily on external financing over the medium term.

Balance sheet strength

Low leverage and a high equity base provide resilience against cyclicality in commodity markets and reduce refinancing risk. Financial flexibility supports investment in environmental controls, capacity expansion, or temporary working-capital cushions, enabling more predictable long-term operations and strategic optionality.

Negative Factors

Commodity price exposure

Revenue and margins are highly sensitive to lead and related metal price cycles; structural commodity volatility can materially swing spreads between scrap input costs and recycled output prices. Without clear hedging or product diversification, earnings remain exposed to multi-month to multi-year metal price moves.

Dependence on scrap feedstock and working capital

Earnings rely on steady access to scrap inputs and high plant utilization; disruptions in collection networks, import/export constraints, or increased competition for feedstock can constrain volumes and raise input costs. The business is working-capital intensive, increasing sensitivity to supply-chain friction and financing needs.

Energy and compliance cost pressures

Recycling operations are energy- and compliance-intensive; rising energy prices, tighter environmental regulations, or higher compliance capex can structurally increase conversion costs and capital requirements. Such persistent cost drivers may compress margins unless offset by efficiency or product-mix improvements.

Gravita India Limited Business Overview & Revenue Model

Company Description

Gravita India Limited manufactures and recycles aluminum, lead, and lead products in India and internationally. It operates through Lead Processing, Aluminium Processing, Turn-Key Solutions, and Plastic Manufacturing segments. The company manufactures lead metal products, including pure lead/refined lead ingots and remelted lead ingots, as well as lead-antimony alloy, lead-calcium alloy, selenium, copper, tin, arsenic, etc. It also provides lead products 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 company offers lead chemicals and oxides consisting of lead sub oxide, red lead, lead nitrate, litharge, and lead mono silicate products; and radiation protection products for a range of radiation shielding applications. Further, it manufactures aluminum alloy ingots; and plastic products, such as polypropylene granules and PET bottle flakes, as well as provides turn-key solutions for lead-acid battery recycling processes and plants. The company also exports its products. Gravita India Limited was incorporated in 1992 and is based in Jaipur, India.

How the Company Makes Money

Gravita India Limited generates revenue through multiple key streams, primarily focusing on the recycling and manufacturing of lead and plastic products. The company earns significant income from the sale of lead ingots and alloys, which are essential components in the battery manufacturing industry. Additionally, GRAVITA profits from the recycling of plastic materials, converting them into granules for various industrial applications. The company also engages in trading activities, sourcing scrap materials and selling recycled products to both domestic and international markets. Strategic partnerships with industries that rely on lead and plastic products further bolster GRAVITA's revenue, as they provide a consistent demand for the company's offerings. Furthermore, the emphasis on sustainable practices enhances its market appeal, potentially attracting environmentally conscious clients and partners.

Gravita India Limited Financial Statement Overview

Summary

Gravita India Limited exhibits robust financial performance with strong revenue growth, improved profit margins, and efficient cash management. The company maintains a solid financial position with minimal leverage risks, positioning it well for sustained growth and profitability.

Income Statement

Gravita India Limited shows strong revenue growth with a substantial increase from 2024 to 2025. Gross Profit Margin and Net Profit Margin have improved, indicating enhanced profitability. The EBIT and EBITDA margins reflect operational efficiency and solid earnings capacity, reinforcing the company's strong financial health.

Balance Sheet

The company has a healthy debt-to-equity ratio and high equity ratio, indicating financial stability and prudent leverage management. The substantial increase in stockholders' equity demonstrates strong shareholder confidence and asset growth. However, vigilance is required to maintain balance amidst market fluctuations.

Cash Flow

Free Cash Flow has significantly improved, indicating better cash management and operational efficiency. The Operating Cash Flow to Net Income ratio suggests strong cash generation capabilities, supporting future growth and investment opportunities. Continued focus on capital expenditure efficiency will enhance long-term cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.01B	38.69B	28.01B	31.61B	22.06B	14.06B
Gross Profit	6.62B	6.96B	4.95B	5.73B	4.57B	2.73B
EBITDA	4.72B	3.24B	2.93B	3.51B	2.17B	1.19B
Net Income	3.38B	3.12B	2.01B	2.39B	1.39B	524.70M
Balance Sheet
Total Assets	0.00	25.15B	12.06B	16.02B	9.97B	7.26B
Cash, Cash Equivalents and Short-Term Investments	8.98B	8.98B	862.80M	523.10M	268.70M	138.52M
Total Debt	0.00	2.86B	3.48B	5.48B	3.91B	2.61B
Total Liabilities	-20.78B	4.38B	6.04B	7.52B	5.97B	4.48B
Stockholders Equity	20.78B	20.70B	5.89B	8.37B	3.87B	2.69B
Cash Flow
Free Cash Flow	0.00	1.75B	919.20M	-557.80M	-627.40M	553.25M
Operating Cash Flow	0.00	2.82B	2.00B	424.00M	100.60M	765.34M
Investing Cash Flow	0.00	-8.64B	-1.06B	-1.58B	-698.80M	-193.53M
Financing Cash Flow	0.00	6.40B	-873.80M	1.21B	719.30M	-565.32M

Gravita India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1859.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRAVITA, the sentiment is Negative. The current price of 1859.55 is above the 20-day moving average (MA) of 1622.42, above the 50-day MA of 1743.33, and above the 200-day MA of 1757.17, indicating a bearish trend. The MACD of -57.13 indicates Negative momentum. The RSI at 44.67 is Neutral, neither overbought nor oversold. The STOCH value of 78.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRAVITA.

Gravita India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRAVITA	76 Outperform	₹118.32B	30.56	―	0.63%	18.88%	27.10%
MMFL	72 Outperform	₹19.72B	20.64	―	1.07%	-4.47%	-17.62%
MANAKSIA	67 Neutral	₹4.20B	8.06	―	―	51.38%	-19.06%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TIRUPATIFL	60 Neutral	₹4.01B	72.61	―	―	-0.94%	-48.46%
MANAKCOAT	58 Neutral	₹13.54B	31.23	―	0.04%	18.99%	96.30%
HILTON	56 Neutral	₹981.22M	10.87	―	―	27.13%	63.22%

Gravita India Limited Corporate Events

Gravita India Updates Exchanges on Institutional Investor Meetings and Disclosure Compliance

Gravita India Limited informed the stock exchanges that its executives participated in one-on-one institutional investor meetings on 28 January 2026, as a follow-up to an earlier disclosure made on 22 January 2026. The company stated that the investor presentation used in these meetings is publicly available on its website, and emphasized that no unpublished price-sensitive information was shared or discussed, underscoring its adherence to fair disclosure norms and regulatory compliance in its engagement with institutional investors.

Gravita India Posts Earnings Call Audio for Nine-Month FY2025 Results

Gravita India Limited has notified the stock exchanges that it has uploaded the audio recording of its earnings call discussing financial results for the quarter and nine months ended 31 December 2025. The recording, relating to the call held on 23 January 2026, is now available on the company’s website, reflecting Gravita’s compliance with SEBI’s disclosure norms and providing investors and other stakeholders easier access to management’s commentary on recent performance.

Gravita India Schedules One-on-One Investor Meeting in Jaipur

Gravita India Limited has announced that it will hold a one-on-one physical meeting with Purnartha Investment Advisers Pvt. Ltd. in Jaipur on 30 December 2025 as part of its ongoing engagement with analysts and institutional investors. The company has clarified that the meeting schedule may change due to exigencies for either party, no unpublished price-sensitive information will be shared during the interaction, and supporting investor presentation materials are available on its website, underscoring Gravita’s emphasis on regulatory compliance and transparent communication with the market.

Gravita India Appoints Yogesh Kharbanda as Senior Executive Director for Sales and Marketing

Gravita India Limited has strengthened its senior management team with the appointment of Yogesh M. Kharbanda as Executive Director–Non-Board Member (Sales & Marketing), effective 1 January 2026, following approval by the company’s Board on the recommendation of its Nomination and Remuneration Committee. With over three decades of experience in international marketing, business development and corporate governance, including leadership roles at global firms and as founder director of Grafimpex Pvt Ltd, Kharbanda is expected to bolster Gravita’s sales and marketing capabilities, support its expansion in complex international markets and contribute to long-term business sustainability, signaling a strategic focus on growth and market penetration.

Gravita India Engages with Institutional Investors, Ensures Transparency

Gravita India Limited announced that its executives participated in an Institutional Investor’s Meeting on December 2, 2025. The company confirmed that no unpublished price-sensitive information was shared during the meeting, and the presentation is available on their website, indicating transparency and adherence to regulatory norms.

Gravita India Schedules Analyst Meeting with Sohum AMC

Gravita India Limited has announced an upcoming virtual meeting with Sohum AMC, scheduled for November 26, 2025, as part of its ongoing engagement with analysts and institutional investors. The meeting is intended to provide insights into the company’s operations and strategies, although no unpublished price-sensitive information will be disclosed. This engagement reflects Gravita’s proactive approach in maintaining transparency and strengthening relationships with key stakeholders.

Gravita India Schedules Investor Meeting in Jaipur

Gravita India Limited has announced a scheduled meeting with analysts and institutional investors on November 25, 2025, in Jaipur, organized by IIFL Capital Services Ltd. This meeting is part of the company’s ongoing efforts to engage with stakeholders and provide insights into its operations and strategies, although no unpublished price-sensitive information will be disclosed.