Gravita India Ltd

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NSEBSE

897.80-18.00 (-1.97%)

02:04 PM,5th Mar 2024

898.25-17.60 (-1.92%)

02:13 PM,5th Mar 2024

BSE : 533282

NSE : GRAVITA

Sector : Metals & Mining

ISIN Code : INE024L01027

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Last Updated: Mar 05 2024 | 02:13 PM IST

Market Cap (₹ Cr)

6199

Turnover (₹ Cr)

2.04

Volume (Shares)

227322

Face Value

2

52-WK High

1166.00

52-WK High Date

15 Nov 2023

52-WK Low

440.10

52-WK Low Date

14 Mar 2023

All Time High

1166.00

All Time High Date

13 Nov 2023

All Time Low

15.10

All Time Low Date

24 Jun 2016

Gravita India Ltd

Gravita India Ltd is a leading Indian company having state-of-the-art Lead Processing unit at Jaipur in Rajasthan. The company carries out smelting of Lead Ore/ Lead Concentrate / Lead Battery Scrap to produce primary & secondary Lead Metal which is further transformed into Pure Lead Specific Lead Alloy Lead Oxides (Lead Sub-Oxide Red Lead and Litharge) and Lead Products (Lead Sheets Lead Pipes etc.) with proven technology and processes. The company specializes in producing high quality pure lead ingots with minimum purity level of 99.97% by weight. They have a quality control Laboratory consisting of Optical Emission Spectrometer (OES) of Spectro Germany make & Atomic Absorption Spectrometer (AAS) to monitor the purity levels of the product.The company is an ISO 9001:2000 and 14001:2004 certified company and a certified Star Export house under Ministry of Commerce and Industry. They are also affiliated as a member with Federation of Indian Export Organisation Institute of Scrap Recycling Industries Inc and FICCI.The company has successfully established subsidiaries namely Gravita Ghana Ltd Ghana Gravita Senegal SAU Senegal Gravita Mozambique LDA Mozambique Gravita Zambia Ltd Zambia Pagrik Ethiopia PLC Ethiopia and Gravita Georgia Ltd Georgia. They have also made investment in Navam Lanka Ltd Sri Lanka and Gravita Honduras SA Honduras. These cover the continents of Africa Asia Central America and CIS (Commonwealth of Independent States) countries.Gravita India Ltd was incorporated on August 4 1992 as a private limited company with the name Weldtech Pvt Ltd in the state of Rajasthan. The company started their business with welding and surface coating and was appointed as stockist of Eutectic Division of Larsen and Toubro for state of Rajasthan. Later they entered into arena of manufacturing of Lead products from the battery scrap and set up a manufacturing unit at Jaipur with a capacity of 600 MT per annum.During the year 1994-95 the company acquired the land in Jaipur and set up of an environment friendly recycling operation of battery scrap to produce remelted lead and poly propylene chips with capacity of 600 MT. In August 2 1996 the company changed their name from Weldtech Pvt Ltd to Gravita India Pvt Ltd. In August 13 1996 the company was converted into public limited company and the name was changed to Gravita India Ltd. During the year 1996-97 the company diversified into Grey Oxide Litharge and Red Lead with the objective of forward integration. During the year 1997-98 they diversified into manufacturing of Pure Lead. Also they installed a new plant for manufacturing of Grey oxide Red Lead and Litharge.In the year 2005 the company started Pagrik Ethiopia PLC in Ethiopia their first venture in the African continent. In the year 2006 they started Gravita Ghana Ltd in Ghana for recycling Lead from Lead batteries. In the year 2007 they established three Lead Recycling Plants in the African continent namely Gravita Senegal Gravita Zambia and Gravita Mozambique. In the year 2008 they entered into Europe by establishing Gravita Georgia Ltd Georgia. During the year 2008-09 the company acquired Gravita Exim Ltd a group company dealing in turnkey solutions for lead processing plants.During 2010-11 the Company ventured new businesses for expansion of existing capacities as well as for diversifying in other areas. It acquired holding stake of 55% in M/s K.M. Udyog Jammu having annual Lead smelting and refining capacity of 7200MT. Gravita Exim Ltd one of the major subsidiary of the Company also took partnership stake of 5% in M/s K M Udyog Jammu. The Company formed 2 subsidiaries viz Gravita Energy Ltd. & Gravita Infra Pvt. Ltd to facilitate business activities into Power and Infrastructure sector. During 2011-12 the Company increased the its annual installed capacity from 1800 MTPA to 3800 MTPA by installing additional Plant and Machinery and other equipment. The Company digressed from Floret Tradelink Ltd Jaipur India and Penta Exim Ltd Jaipur India. Further it disinvested their complete stake in wholly-owned subsidiary Gravita Georgia LLC Georgia. In 2011-12 the Company along with its subsidiary Gravita Exim Ltd acquired a 100% stake in M/s Gravita Metal Inc Kathua (formerly known as M/s Metal Inc) with a Lead smelting and refining capacity of 3600 MTPA. The Company also acquired a further stake of 45% in M/s Gravita Metals Jammu (formerly known as M/s K M Udyog). Accordingly this unit has also become a wholly-owned subsidiary firm of the Company. The Company y incorporated an overseas entity in Singapore namely Gravita Global Pte Ltd a wholly-owned subsidiary of Gravita India Ltd. Another wholly-owned subsidiary was set-up under Gravita Global namely Gravita Netherlands B.V. in Amsterdam Netherlands.During the period 2012-13 the Company diluted its entire stake of 33.33% from Gravita Honduras S.A. It incorporated two new manufacturing entities namely Gravita Nicaragua S.A. Nicaragua and Gravita Trinidad and Tobago Ltd. Port of Spain. Further the Company along with its Wholly Owned Subsidiary Gravita Exim Limited has acquired 100% stake in Noble Build Estate Private Limited Jaipur it increased the installed capacity by installing an additional plant at its manufacturing plant at Phagi (Jaipur); established a new manufacturing unit in Bhuj Gujarat so as to enhance its working capacity.The Company sold its entire stake of 96.32% held in Gravita Mozambique LDA to its step down subsidiary Gravita Netherlands B.V. in 2015-16.

Gravita India Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

6199

EPS - TTM (₹) [S]

26.62

P/E Ratio (X) [S]

17.20

Face Value (₹) 2
Latest Dividend (%)217.50
Latest Dividend Date 04 Sep 2023
Dividend Yield (%) 0.48
Book Value Share (₹) [S]52.21
P/B Ratio (₹) [S]17.20
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.01 132 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 132 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

882.55

915.70

Week Low/High

882.55

1014.00

Month Low/High

858.00

1014.00

Year Low/High

440.10

1166.00

All time Low/High

16.00

1166.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-6.80%-6.67%0.800.71%
1 Month3.31%3.25%2.712.68%
3 Month-16.88%-17.09%6.327.20%
6 Month13.99%13.96%12.0114.21%
1 Year89.75%90.23%23.1927.06%
3 Year767.02%766.18%46.1749.66%

Company Info

Company Information

Chairman & Wholetime Director : Mahavir Prasad Agarwal

Managing Director : Rajat Agrawal

Independent Director : Dinesh Kumar Govil

Independent Director : Arun Kumar Gupta

Independent Director : Chanchal Chadha Phadnis

Company Secretary : Nitin Gupta

Registered Office: Saurabh Chittora Road, Harsulia Mod Diggi-Malpura,Jaipur,Rajasthan-303904 Ph: 91-9928070682

Email:info@gravitaindia.com/works@gravitaindia.com

URL:http://www.gravitaindia.com