MarketFriction

Gravita India Ltd

NSE GRAVITA · BSE 533282 · Industrial Minerals
₹1,412.60 -2.40%
NSE close2026-10-01
52 week range1,266.90 - 1,913.60
Market cap₹10,679 Cr.
P/E27.2
Nifty 500Smallcap 250 Price band 20% Delivery 53.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8367588639089279961,0371,0401,0361,0171,1731,475
Expenses7646777918208649169459399338971,0601,365
Operating Profit73807288638192101102120113110
OPM %9%11%8%10%7%8%9%10%10%12%10%7%
Other Income1415257402936302612948
Interest1113121312136687411
Depreciation9912778899101114
Profit before tax677472758589115116111115106131
Tax %12%17%4%9%15%12%17%20%14%15%13%19%
Net Profit5961696872789593969792106
EPS in Rs8.388.739.999.7510.4310.5612.8912.6413.0113.2312.4514.41
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4306551,0171,2421,3481,4102,2162,8013,1613,8694,2654,700
Expenses4125969261,1801,2391,2881,9982,5942,8733,5413,8264,256
Operating Profit18599262109121217207287328439444
OPM %4.3%9%9%5.0%8%9%10%7%9%8%10%9%
Other Income3125-121688761117594
Interest91120263131384452462730
Depreciation769121820212438293945
Profit before tax64464304771165228274363448464
Tax %8%19%26%34%22%20%10%10%12%14%16%
Net Profit53548193757148204242313378392
EPS in Rs0.644.786.422.254.817.6020.1929.1334.6542.3251.3253.10
Dividend Payout %31%13%11%13%15%14%15%15%15%15%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth26%25%15%17%
Compounded Profit Growth52%44%19%16%
Stock Price CAGR46%49%17%-8%
Return on Equity23%24%20%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414141414141414141515
Reserves1021051361761862112553735758242,0552,437
Borrowings10399166233250279261392348548286736
Other Liabilities31223970123110196219268217159229
Total Liabilities2502403554925736147269981,2051,6022,5153,417
Fixed Assets545468109137182172191273348436939
CWIP61532244615134246433948
Investments00000000116528413
Other Assets1901702553593904185407648851,1941,5122,017
Total Assets2502403554925736147269981,2051,6022,5153,417
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0291-38934771020042282169
Cash from Investing Activity-2-10-49-42-66-14-19-69-105-158-864-361
Cash from Financing Activity6-174940-17-21-5772-87121640178
Net Cash Flow322-46-21127559-14
Free Cash Flow-415-46-42211955-6193-56175-46
CFO/OP5%164%6%9%164%41%73%11%108%32%101%53%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days192534412818151818312637
Inventory Days817777726475115107959671109
Days Payable12810213529447141057
Cash Conversion Cycle8894101915865871199911792139
Working Capital Days34352418416324043667882
ROCE %9%7%20%23%13%19%21%31%32%28%22%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.48%66.48%66.48%63.37%63.37%59.27%59.27%55.88%55.88%55.88%55.88%55.88%
FIIs9.99%10.58%11.08%13.40%14.01%14.12%14.03%15.09%14.65%15.75%13.94%12.86%
DIIs0.42%0.43%0.43%2.61%3.21%5.41%5.44%4.41%4.87%4.71%5.15%5.52%
Public21.66%21.06%20.56%19.18%17.95%19.83%19.90%23.27%23.26%22.33%23.71%24.44%
Others1.45%1.45%1.45%1.45%1.45%1.35%1.35%1.33%1.33%1.32%1.32%1.32%
No. of Shareholders76,24281,52475,33575,74097,8691,25,8941,26,9541,50,6471,60,4871,46,7281,51,3371,57,641

Fundamentals

Market Cap₹ 10,679 Cr.
Current Price₹ 1,447
Stock P/E27.2
Book Value₹ 332
ROCE16.2 %
ROE15.5 %
Dividend Yield0.44 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)16%
Consolidated figures.
Valuation
Market capRs 10,426 Cr
Enterprise valueRs 10,960 Cr
P/E (TTM)26.60x
Price to book4.25x
Price to sales2.22x
EV / EBITDA20.36x
EV / EBIT22.20x
EV / sales2.33x
Price to cash flow61.59x
Earnings yield3.76%
Dividend yield0.45%
P/E, 3-year average32.60x
P/B, 3-year average6.24x
P/E, 5-year average26.03x
P/B, 5-year average6.02x
Profitability
Operating margin (excl. other income)10.29%
Operating margin (incl. other income)12.06%
EBITDA margin11.45%
Pre-tax margin9.86%
Net profit margin8.34%
Net margin, latest quarter7.21%
ROE16.76%
ROCE17.15%
ROA12.77%
ROE, 3-year average23.93%
ROCE, 3-year average22.38%
ROA, 3-year average15.00%
ROE, 5-year average31.10%
ROCE, 5-year average25.95%
ROA, 5-year average15.88%
ROIC (approx.)13.96%
Tax rate15.60%
Other income / net worth3.07%
Growth
Sales growth (latest year)10.25%
Profit growth (latest year)21.26%
Sales CAGR, 3 years15.05%
Sales CAGR, 5 years24.78%
Profit CAGR, 3 years23.50%
Profit CAGR, 5 years48.49%
Sales growth QoQ25.78%
Profit growth QoQ15.79%
Sales growth YoY (latest quarter)41.84%
Profit growth YoY (latest quarter)14.08%
Per share
EPS (TTM)Rs 53.10
EPS (latest year)Rs 51.32
EPS (latest quarter)Rs 14.41
EPS, 3-year averageRs 42.76
EPS, 5-year averageRs 35.52
Book value per shareRs 332.16
Sales per shareRs 636.84
Cash flow per shareRs 22.94
Free cash flow per shareRs -6.23
Dividend per share (latest year)Rs 6.35
Dividend per share, 3-year averageRs 5.97
Dividend per share, 5-year averageRs 5.05
Dividends
Dividend payout12.37%
Dividend payout, 3-year average14.13%
Dividend payout, 5-year average14.44%
Efficiency
Asset turnover1.25x
Fixed asset turnover4.54x
Inventory turnover3.49x
Inventory days105 days
Debtor days37 days
Debtors turnover9.90x
Creditor days7 days
Cash conversion cycle139 days
Working capital days82 days
Leverage
Total debtRs 736 Cr
Cash and bankRs 202 Cr
Net debtRs 534 Cr
Debt to equity0.30x
Net debt / EBITDA0.99x
Interest coverage16.35x
Current ratio (filing 2026-03-31)2.91x
Quick ratio (filing 2026-03-31)1.64x
Trade payables (filing 2026-03-31)Rs 67 Cr
Owners' fund to total sources71.75%
Debt to assets21.54%
Cash flow
Cash from Operating Activity (latest year)Rs 169 Cr
Cash from Investing Activity (latest year)Rs -361 Cr
Cash from Financing Activity (latest year)Rs 178 Cr
Net Cash Flow (latest year)Rs -14 Cr
Free cash flow (latest year)Rs -46 Cr
FCFE (approx.: FCF + change in debt)Rs 404 Cr
Cash from ops / profit, 5 years0.55x
Sales to cash flow25.20x
Statement figures
Net sales (TTM)Rs 4,700 Cr
Net sales (latest year)Rs 4,265 Cr
Sales (latest quarter)Rs 1,475 Cr
Operating profit excl. other income (latest year)Rs 439 Cr
Operating profit (latest quarter)Rs 110 Cr
Other income (TTM)Rs 94 Cr
EBITDA (TTM)Rs 538 Cr
PBDT (TTM)Rs 508 Cr
Profit before tax (TTM)Rs 464 Cr
Tax (latest year)Rs 70 Cr
Net profit (TTM)Rs 392 Cr
Net profit (latest year)Rs 379 Cr
Net profit (latest quarter)Rs 106 Cr
Depreciation (TTM)Rs 45 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 30 Cr
Cost of goods sold (latest year)Rs 3,569 Cr
Total expenditure (latest year)Rs 3,826 Cr
Total income (latest year)Rs 4,341 Cr
Share capitalRs 15 Cr
ReservesRs 2,437 Cr
Shareholders' fundsRs 2,452 Cr
Total assetsRs 3,417 Cr
Net blockRs 939 Cr
Capital work in progressRs 48 Cr
InvestmentsRs 413 Cr
ReceivablesRs 431 Cr
InventoryRs 1,023 Cr
Other liabilitiesRs 229 Cr
Shares outstanding (crore)7.38
Ownership
Promoter holding55.88% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 26.6 is at the 44th percentile of its own 9.4-year range (median 27.7, low 9.3, high 75.7).
P/B 4.25 is at the 32th percentile (median 5.94).
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.
PeriodGRAVITANifty 50Difference
1 week-6.8%-2.8% -4.0 pts
1 month-20.7%-6.8% -13.9 pts
3 months-18.1%-7.6% -10.5 pts
6 months+7.2%+0.4% +6.8 pts
1 year-11.4%-9.9% -1.5 pts
2 years-41.6%-13.6% -28.0 pts
3 years+55.2%+14.2% +41.0 pts
5 years+614.2%+27.9% +586.3 pts
49 mutual fund schemes hold about ₹401 Cr. Over three months 47 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Tata ELSS-Tax Saver Fund1.48%70 +31%
UTI Small Cap Fund1.29%68 +29%
Tata Multicap Fund1.18%42 +30%
Tata Business Cycle Fund1.23%32 +38%
360 ONE Flexicap Fund1.31%29 +11%
UTI Innovation Fund3.48%28 +23%
Altiva Equity Ex-Top 100 Long-Short Fund2.87%27 +42%
Tata Multi Asset Allocation Fund0.47%24 +33%
JM Small Cap Fund1.30%12 +29%
Nippon India Nifty Smallcap 250 Index Fund0.26%9 +30%
Tata Dividend Yield Fund0.74%9 +28%
JM Focused Fund2.73%8 +21%
Tata Children's Fund1.90%6 +36%
Helios Small Cap Fund0.40%6 -3%
360 ONE Balanced Hybrid Fund0.76%5 +40%
SBI Nifty Smallcap 250 Index Fund0.26%5 +30%
DSP Nifty Smallcap250 Quality 50 Index Fund1.45%5 +28%
Motilal Oswal Nifty Smallcap 250 Index Fund0.26%3 +30%
ICICI Pru Nifty Smallcap 250 Index Fund0.26%2 +30%
HDFC NIFTY Smallcap 250 Index Fund0.26%2 +30%
JM Multi Asset Allocation Fund0.78%1 +100%
Nippon India Nifty 500 Equal Weight Index Fund0.20%1 +26%
JioBlackRock Nifty Smallcap 250 Index Fund0.26%1 +30%
Motilal Oswal Nifty 500 Index Fund0.03%1 +31%
Motilal Oswal BSE Clean Environment Index Fund1.60%1 +48%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 57% vs sales +10% in 2026
lookInventory outrunning sales Inventory grew 66% vs sales +10% in 2026
lookRegulator order or action Regulator order or action 2026-05-16: Gravita India Limited has informed the Exchange about Action(s) taken or orders passed
lookAuditor change Auditor change 2026-05-07: Gravita India Limited has informed the Exchange regarding Change in Auditors of the company.
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 2026
Sales ₹1,475 Cr +41.8% vs Jun 2025. Net profit ₹106 Cr +14.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-05-08Interim Dividend - Rs 6.35 Per Share
2024-09-11Annual General Meeting
2024-05-14Interim Dividend - Rs 5.20 Per Share
2023-09-04Dividend - Rs.4.35 Per Share
2023-09-04Annual General Meeting
2022-09-21Annual General Meeting
2022-02-08Interim Dividend - Rs 3 Per Share
2021-09-17 Annual General Meeting
2021-02-08 Interim Dividend - Rs 1.10 Per Share
2020-11-12 Annual General Meeting
2020-03-05 Interim Dividend - Rs 0.70 Per Share
2019-09-11 Dividend - Rs 0.30 Per Share
2018-08-23 Annual General Meeting/Dividend- Re 0.70 Per Share
2017-08-01 Annual General Meeting/Dividend-Re 0.60 Per Share
2016-07-28 Annual General Meeting/ Dividend - Re 0.20/- Per Share
2015-07-30Annual General Meeting/Dividend - Re 0.20/- Per Share
2014-07-24Annual General Meeting / Final Dividend - Re 0.50/- Per Share
2014-02-12Interim Dividend - Re 0.30/- Per Share
2013-07-22Annual General Meeting / Final Dividend - Re 0.30/- Per Share
2013-02-06Interim Dividend Re 0.30 Per Share
2012-09-05Interim Dividend Re.0.20 Per Share
2012-07-30Annual General Meeting And Dividend Re.0.60 Per Share
2012-05-25Face Value Split From Rs.10/- To Rs.2/-0.2000
2012-02-15Interim Dividend Re.1/- Per Share
2011-07-20Annual General Meeting And Dividend Rs.4/- Per Share
DateTypeWhat it says
2026-09-30Issue of SecuritiesIssue of Securities
2026-09-29Shareholder meetingVoting results of Annual General Meeting held on September 28, 2026
2026-09-29Shareholder meetingGravita India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-24Credit RatingCredit Rating
2026-09-11Concall / analyst meetOutcome of the meeting
2026-09-07Concall / analyst meetSchedule of meet
2026-09-03Concall / analyst meetOutcome of meeting
2026-09-02Concall / analyst meetOutcome of meeting
2026-09-02General UpdatesGeneral Updates
2026-09-02UpdatesBook closure.
2026-09-02UpdatesBusiness Responsibility and Sustainable Report (BRSR).
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-08-27Concall / analyst meetSchedule of meet
2026-08-26Concall / analyst meetSchedule of meet
2026-08-26Concall / analyst meetOutcome of the meeting
2026-08-21Concall / analyst meetSchedule of meet
2026-08-20Committee Meeting UpdatesOutcome of Committee Meeting held on August 20, 2026.
2026-08-19Press ReleaseA press release dated August 19, 2026, titled "The Company has planned to Set up Copper Recycling Plant at Mundra, Gujarat.".
2026-08-19Capacity additionCapacity addition
2026-08-18Concall / analyst meetUtcome of meeting
2026-08-17Concall / analyst meetOutcome of the meeting
2026-08-12Concall / analyst meetSchedule of meet
2026-08-11Concall / analyst meetOutcome of meeting
2026-08-07Concall / analyst meetUtcome of meeting
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.
Order dateForumCase
2020-02-18CESTATGRAVITA INDIA LIMITED ---VS.--- JAIPUR I..
2017-09-01CESTATGRAVITA INDIA LTD ---VS.--- JAIPUR-I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Gravita India Ltd?

Gravita India Ltd (GRAVITA) has a market capitalisation of Rs 10,679 Cr. at the 2026-10-01 close.

What is the P/E ratio of Gravita India Ltd?

Gravita India Ltd trades at a P/E of 27.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Gravita India Ltd's latest quarterly results?

In the Jun 2026 quarter, Gravita India Ltd sales was Rs 1,475 Cr (+41.8% vs Jun 2025) and net profit was Rs 106 Cr.

What is the 52-week high and low of Gravita India Ltd?

The 52-week high is Rs 1,913.60 and the 52-week low is Rs 1,266.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03