Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.88 | 0.43 | 0.21 | 1.11 | 0.10 | 0.00 | 0.00 | 0.31 | 20.44 | 59.51 | 99.24 | 60.00 |
| Expenses | 0.97 | 2.29 | 5.84 | 1.70 | 1.39 | 0.32 | 0.96 | 0.17 | 18.49 | 53.40 | 89.98 | 52.01 |
| Operating Profit | -0.09 | -1.86 | -5.63 | -0.59 | -1.29 | -0.32 | -0.96 | 0.14 | 1.95 | 6.11 | 9.26 | 7.99 |
| OPM % | -10.23% | -432.56% | -2,680.95% | -53.15% | -1,290.00% | 45.16% | 9.54% | 10.27% | 9.33% | 13.32% | ||
| Other Income | 0.01 | 0.00 | 0.01 | 0.03 | 0.00 | 0.75 | 0.37 | 0.04 | 0.06 | 0.01 | 0.14 | 0.10 |
| Interest | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.00 | 0.04 | 0.00 | 0.04 | 0.07 | 0.00 |
| Depreciation | 0.05 | 0.05 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.00 | 0.04 |
| Profit before tax | -0.18 | -1.95 | -5.73 | -0.66 | -1.39 | 0.33 | -0.65 | 0.09 | 1.96 | 6.03 | 9.33 | 8.05 |
| Tax % | 0.00% | 0.00% | -34.90% | 0.00% | 0.00% | 0.00% | -52.31% | 22.22% | 25.51% | 25.21% | 26.80% | 25.47% |
| Net Profit | -0.18 | -1.95 | -3.73 | -0.66 | -1.38 | 0.33 | -0.30 | 0.07 | 1.45 | 4.50 | 6.83 | 6.01 |
| EPS in Rs | -0.02 | -0.25 | -0.48 | -0.08 | -0.18 | 0.04 | -0.04 | 0.01 | 0.19 | 0.58 | 0.88 | 0.77 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 24 | 21 | 12 | 17 | 2 | 13 | 10 | 2 | 1 | 179 | 239 |
| Expenses | 20 | 25 | 21 | 13 | 17 | 3 | 13 | 11 | 10 | 4 | 162 | 214 |
| Operating Profit | -1 | -1 | 0 | -1 | -0 | -0 | 0 | -1 | -8 | -3 | 17 | 25 |
| OPM % | -2.6% | -3.7% | 0.6% | -7% | -0.5% | -12% | 1.3% | -7% | -350% | -233% | 10% | 11% |
| Other Income | 0 | 1 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -1 | 0 | 0 | 2 | -0 | -0 | 0 | -1 | -8 | -2 | 17 | 25 |
| Tax % | -12% | 400% | 2,367% | 41% | -268% | -24% | 25% | 3% | -25% | -14% | 26% | |
| Net Profit | -1 | -0 | -1 | 1 | 0 | -0 | 0 | -1 | -6 | -2 | 13 | 19 |
| EPS in Rs | -0.07 | -0.01 | -0.09 | 0.13 | 0.04 | -0.04 | 0.01 | -0.13 | -0.79 | -0.26 | 1.65 | 2.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 25% | 138% | 160% | 58239% | ||
| Compounded Profit Growth | 33% | 115% | 146% | 1568% | ||
| Stock Price CAGR | 16% | 31% | 51% | 154% | ||
| Return on Equity | 1% | 9% | 25% | 151% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 1 | -5 | -7 | 6 |
| Borrowings | 8 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 2 |
| Other Liabilities | 1 | 4 | 2 | 10 | 5 | 9 | 3 | 3 | 4 | 1 | 1 | 23 |
| Total Liabilities | 20 | 18 | 14 | 21 | 17 | 22 | 16 | 15 | 17 | 8 | 6 | 40 |
| Fixed Assets | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 16 | 15 | 12 | 19 | 15 | 19 | 13 | 13 | 14 | 5 | 4 | 39 |
| Total Assets | 20 | 18 | 14 | 21 | 17 | 22 | 16 | 15 | 17 | 8 | 6 | 40 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2 | 4 | -1 | 1 | -1 | 0 | -1 | 0 | -1 | -0 | -0 | 0 |
| Cash from Investing Activity | 2 | 0 | 3 | -0 | 3 | -0 | 0 | 0 | -0 | -0 | 1 | -0 |
| Cash from Financing Activity | -0 | -5 | -2 | -0 | -0 | -0 | -0 | 0 | 1 | -0 | -0 | -0 |
| Net Cash Flow | -0 | 0 | -0 | 0 | 1 | -0 | -1 | 0 | -0 | -0 | 0 | -0 |
| Free Cash Flow | -0 | 5 | 2 | 0 | 1 | -0 | -1 | 0 | -1 | -0 | -0 | 0 |
| CFO/OP | 750% | -841% | 131% | 658% | 110% | -511% | 386% | 118% | 130% | 1% | 14% | 28% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 181 | 119 | 242 | 314 | 270 | 1,341 | 207 | 297 | 41 | 100 | 71 |
| Inventory Days | 52 | 58 | 53 | 28 | 3 | 48 | 252 | 126 | 151 | 204 | 0 | 0 |
| Days Payable | 10 | 48 | 31 | 171 | 100 | 170 | 526 | 84 | 155 | 72 | ||
| Cash Conversion Cycle | 170 | 190 | 140 | 99 | 217 | 148 | 1,066 | 249 | 294 | 173 | 100 | 71 |
| Working Capital Days | 177 | 164 | 142 | 152 | 276 | 187 | 1,479 | 234 | 288 | 81 | -508 | 26 |
| ROCE % | -3% | -5% | -7% | 0% | -8% | -1% | -2% | 1% | -7% | -81% | -38% | 159% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 24.21% | 24.21% | 24.21% | 24.21% | 24.21% | 24.21% | 23.37% | 9.90% | 5.99% | 5.99% | 6.05% | 6.05% |
| Public | 75.79% | 75.79% | 75.80% | 75.79% | 75.79% | 75.80% | 76.63% | 90.09% | 94.01% | 94.01% | 93.95% | 93.95% |
| No. of Shareholders | 5,509 | 5,462 | 5,459 | 5,409 | 5,459 | 5,474 | 5,475 | 5,590 | 5,572 | 5,494 | 5,717 | 6,537 |
Fundamentals
Market Cap₹ 109 Cr.
Current Price₹ 14.0
Stock P/E5.81
Book Value₹ 1.91
ROCE159 %
ROE151 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)58239%
Compounded Profit Growth (TTM)1568%
Standalone figures.
Valuation
Market capRs 107 Cr
Enterprise valueRs 109 Cr
P/E (TTM)5.69x
Price to book7.17x
Price to sales0.45x
EV / EBITDA4.25x
EV / EBIT4.28x
EV / sales0.46x
Price to cash flow243.08x
Earnings yield17.57%
P/E, 3-year average0.75x
P/B, 3-year average1.06x
P/E, 5-year average28.56x
P/B, 5-year average0.78x
Profitability
Operating margin (excl. other income)9.57%
Operating margin (incl. other income)9.88%
EBITDA margin10.74%
Pre-tax margin10.61%
Net profit margin7.86%
Net margin, latest quarter10.02%
ROE151.44%
ROCE158.68%
ROA55.40%
ROE, 3-year average-0.10%
ROCE, 3-year average13.07%
ROA, 3-year average-8.37%
ROE, 5-year average-1.78%
ROCE, 5-year average6.62%
ROA, 5-year average-6.17%
ROIC (approx.)109.77%
Tax rate26.15%
Other income / net worth3.76%
Growth
Sales growth (latest year)15212.82%
Sales CAGR, 3 years160.03%
Sales CAGR, 5 years137.72%
Sales growth QoQ-39.54%
Profit growth QoQ-12.01%
Sales growth YoY (latest quarter)19254.84%
Profit growth YoY (latest quarter)8485.71%
Per share
EPS (TTM)Rs 2.41
EPS (latest year)Rs 14.27
EPS (latest quarter)Rs 0.77
EPS, 3-year averageRs 1.73
EPS, 5-year averageRs 0.84
Book value per shareRs 1.91
Sales per shareRs 30.66
Cash flow per shareRs 0.06
Free cash flow per shareRs 0.00
Efficiency
Asset turnover4.44x
Fixed asset turnover106.01x
Debtor days71 days
Debtors turnover5.16x
Creditor days72 days
Cash conversion cycle71 days
Working capital days26 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 0 Cr
Net debtRs 2 Cr
Debt to equity0.16x
Net debt / EBITDA0.09x
Interest coverage170.13x
Owners' fund to total sources36.92%
Debt to assets5.94%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-0.25x
Sales to cash flow407.18x
Statement figures
Net sales (TTM)Rs 239 Cr
Net sales (latest year)Rs 179 Cr
Sales (latest quarter)Rs 60 Cr
Operating profit excl. other income (latest year)Rs 17 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 26 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 25 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 19 Cr
Net profit (latest year)Rs 13 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 161 Cr
Total expenditure (latest year)Rs 162 Cr
Total income (latest year)Rs 180 Cr
Share capitalRs 9 Cr
ReservesRs 6 Cr
Shareholders' fundsRs 15 Cr
Total assetsRs 40 Cr
Net blockRs 2 Cr
ReceivablesRs 35 Cr
Other liabilitiesRs 23 Cr
Shares outstanding (crore)7.80
Ownership
Promoter holding6.05% (-3.85 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 5.7 is at the 2th percentile of its own 3.8-year range
(median 26.3, low 5.6, high 399.8).
P/B 7.17 is at the 77th percentile (median 2.52).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 532015 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.6% | -2.8% | -1.8 pts |
| 1 month | +10.8% | -6.8% | +17.6 pts |
| 3 months | +18.9% | -7.6% | +26.5 pts |
| 3 years | +251.5% | +14.2% | +237.4 pts |
| 5 years | +284.0% | +27.9% | +256.1 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was -1% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 31% of total assets in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹60 Cr +19254.8% vs Jun 2025.
Net profit ₹6 Cr +8485.7%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Gravity (India) Ltd?
Gravity (India) Ltd (532015) has a market capitalisation of Rs 109 Cr. at the 2026-10-01 close.
What is the P/E ratio of Gravity (India) Ltd?
Gravity (India) Ltd trades at a P/E of 5.81 on trailing twelve-month profit, at the 2026-10-01 close.
What were Gravity (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Gravity (India) Ltd sales was Rs 60 Cr (+19254.8% vs Jun 2025) and net profit was Rs 6 Cr.