Gravita India logo

Gravita India share price

NSE: GRAVITABSE: 533282Minerals & MiningSmall Cap

Gravita India Limited · Face value ₹2 · Listed Nov 2010
Last close ₹1,413.60up ₹70.10 (5.22%)BSE ₹1,414.50

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,343.50.

29 Oct: open ₹1,345.70, high ₹1,435.00, low ₹1,316.20

52-week range of traded prices to 29 Oct 2026
₹1,266.90Low, 2 Apr 2026₹1,913.60High, 29 Dec 2025
Market cap
₹10,434 Cr507th largest listed
P/E
26.22
P/B
3.94
Dividend yield
Nonein the last 12 months
ROE
16.2%
ROCE
12.1%
Debt to equity
0.33
Volume, NSE
4,07,19743.7% delivered

Gravita India share price chart

Daily closes since Nov 2010, adjusted for splits and bonuses

−14.0%over a year · Nifty Smallcap 250 −1.9% · Nifty 500 −8.4%

ResultsDividend20-session average 2,46,694 shares a day, 44.9% delivered

About Gravita India

Gravita India Limited turns scrap lead, aluminium, plastic, rubber, copper and lithium-ion batteries into refined metals and other materials used by industries worldwide.1 It runs recycling and manufacturing plants across India, Africa, Asia and Europe from its head office in Jaipur, Rajasthan.23 It also designs, builds and commissions complete recycling plants for clients around the world.4

Its products include customised lead alloys, lead bricks, red lead, lead sheets, tyre pyrolysis oil (a fuel made from end-of-life tyres), customised aluminium alloys, plastic granules, copper sheets, brass cups and copper foils.56 Lead from its Mundra plant in Gujarat carries the brand GRAVITA M, listed on the London Metal Exchange in June 2026.7

Gravita was founded in Jaipur in 1992 by first-generation entrepreneurs led by Mahavir Prasad Agarwal and Rajat Agrawal, and listed on the NSE and BSE in 2010.8 It added aluminium recycling in 2016 and rubber recycling in 2022.89 In 2026 it acquired Rashtriya Metal Industries, entering copper and copper alloys.910

Rajat Agrawal is chairman and managing director, and the promoters held 55.88% of the shares on 31 Mar 2026.1112 Founder chairman Mahavir Prasad Agarwal died in 2026.13

Gravita India key points

Results

  • In the year to Mar 2026, Gravita's consolidated revenue was ₹4,265 crore and profit after tax ₹379 crore. EBITDA (earnings before interest, tax, depreciation and amortisation), after adjusting for currency and metal hedging gains and losses, was ₹452 crore.14
  • In the year to Mar 2026, Gravita's revenue grew 10% and its profit after tax 21% on the year before.15
  • In the half year to Sep 2026, Gravita reported revenue of ₹2,902 crore, EBITDA (in this presentation after currency and metal hedging gains and losses and expected credit loss charges) of ₹288 crore and profit after tax of ₹208 crore.1617

Business segments

  • EBITDA per tonne by segment, quarter to Jun 202618
    Itemquarter to Jun 2026
    Copper₹55,151
    Aluminium₹25,175
    Lead₹24,181
    Plastic₹10,197
  • In the quarter to Jun 2026, the copper segment ran at 50% of its capacity and contributed ₹376 crore of revenue.18
  • The turnkey solutions business has executed more than 70 recycling plant projects worldwide, including in Qatar, the UAE, Saudi Arabia, Poland and Chile.19

Plants and capacity

  • As of 27 Oct 2026, excluding internal rubber, Gravita's production capacity was more than 4.76 lakh tonnes; its October 2026 presentation also shows 14 manufacturing plants and capacity utilisation of 47%.20
  • In the quarter to Jun 2026, Gravita added 40,500 MTPA (metric tonnes per annum) of lead recycling capacity at its Phagi plant near Jaipur, taking it to 75,819 MTPA, for about ₹30 crore from internal accruals.21
  • In Feb 2026, Gravita added 80,300 MTPA of lead recycling capacity at its Mundra plant in Gujarat, taking that plant's lead capacity to 1,45,100 MTPA.22
  • Gravita's 6,000 MTPA lithium-ion battery recycling plant at Mundra was commissioned in the year to Mar 2026, and the Rashtriya Metal Industries copper plant at Sarigam, Gujarat has capacity of 31,200 MTPA.2324

Scrap sourcing

  • Gravita's scrap procurement network spans more than 2,200 touch points worldwide and 39 yards of its own, with annual scrap collection capacity of 3.30 lakh tonnes.25
  • Scrap collection by region, in tonnes26
    Asia1,92,250+
    Africa74,250+
    Americas47,500+
    Europe13,000+
    Australia3,100+
  • On its earnings call of 28 Jul 2026, the company said lead volumes declined slightly in the quarter to Jun 2026, mainly on Middle East war disruption, while total volumes rose 4%; around 15% to 20% of its imports come from the Gulf.27
  • On its earnings call of 28 Jul 2026, the company said it was setting up its own scrap yards in the US and expected a procurement network in developed countries by the end of the current year.28

Customers and partners

  • In the year to Mar 2026, Gravita delivered around 2,13,000 tonnes of recycled products to 400 customers in 37 countries.29
  • Recycled products delivered by region, in tonnes30
    Asia (340 customers)1,54,000+
    Middle East (32 customers)35,700+
    Europe (11 customers)5,400+
    Africa (19 customers)3,700+
    Americas (6 customers)2,250+

Expansion and capital spending

  • In its presentation of 27 Oct 2026, the company said it plans recycling capacity of more than 8,00,000 MTPA by Mar 2029.31
  • On its earnings call of 28 Jul 2026, the company said its 29,400 MTPA copper recycling plant in Gujarat, costing about ₹160 crore, was on track to be commissioned within 12 months.32
  • In its exchange filing of 19 Aug 2026, the company said it plans to add 59,200 MTPA of copper recycling capacity at Mundra for about ₹64.00 crore, commissioned in phases by 31 Mar 2029.33
  • On its earnings call of 28 Jul 2026, the company said it had put planned rubber recycling capacity on hold for now to fast-track its copper expansion.34

What the company expects

  • In its presentation of 27 Oct 2026, the company said its Vision 2030 targets are 20% to 25% compound annual volume growth, 30% to 35% profitability growth and return on invested capital (operating profit as a share of the money invested) of about 25%.35
  • On its earnings call of 28 Jul 2026, the company said it expects copper EBITDA to remain around ₹55,000 per tonne, with some slight increase.36

Recent events

  • On 17 Oct 2026, Gravita approved an additional investment of about ₹94.42 crore, or more if required, in a rights issue (new shares offered to existing shareholders) of its subsidiary Rashtriya Metal Industries.37
  • On 10 Jun 2026, ICRA upgraded its credit rating (an agency's opinion of how likely a borrower is to repay) on Gravita's fund-based and non-fund-based working capital limits to AA (Stable) from AA- (Stable).38

Last updated

All 38 sources, each with its page
  1. 1. Annual report, 2 Sep 2026, page 41
  2. 2. Annual report, 2 Sep 2026, page 12
  3. 3. Annual report, 2 Sep 2026, page 8
  4. 4. Annual report, 2 Sep 2026, page 22
  5. 5. Investor presentation, 27 Oct 2026, page 24
  6. 6. Annual report, 2 Sep 2026, page 21
  7. 7. Exchange filing, 17 Jun 2026, page 2
  8. 8. Annual report, 2 Sep 2026, page 25
  9. 9. Annual report, 2 Sep 2026, page 26
  10. 10. Exchange filing, 17 Oct 2026, page 1
  11. 11. Annual report, 2 Sep 2026, page 34
  12. 12. Annual report, 2 Sep 2026, page 174
  13. 13. Annual report, 2 Sep 2026, page 3
  14. 14. Annual report, 2 Sep 2026, page 42
  15. 15. Annual report, 2 Sep 2026, page 14
  16. 16. Investor presentation, 27 Oct 2026, page 7
  17. 17. Investor presentation, 27 Oct 2026, page 10
  18. 18. Earnings call, 28 Jul 2026, page 5
  19. 19. Annual report, 2 Sep 2026, page 68
  20. 20. Investor presentation, 27 Oct 2026, page 20
  21. 21. Earnings call, 28 Jul 2026, page 4
  22. 22. Exchange filing, 25 Feb 2026, page 2
  23. 23. Annual report, 2 Sep 2026, page 38
  24. 24. Investor presentation, 27 Oct 2026, page 12
  25. 25. Annual report, 2 Sep 2026, page 30
  26. 26. Investor presentation, 27 Oct 2026, page 17
  27. 27. Earnings call, 28 Jul 2026, page 5
  28. 28. Earnings call, 28 Jul 2026, page 13
  29. 29. Annual report, 2 Sep 2026, page 78
  30. 30. Investor presentation, 27 Oct 2026, page 18
  31. 31. Investor presentation, 27 Oct 2026, page 11
  32. 32. Earnings call, 28 Jul 2026, page 4
  33. 33. Exchange filing, 19 Aug 2026, page 2
  34. 34. Earnings call, 28 Jul 2026, page 11
  35. 35. Investor presentation, 27 Oct 2026, page 7
  36. 36. Earnings call, 28 Jul 2026, page 6
  37. 37. Exchange filing, 17 Oct 2026, page 1
  38. 38. Exchange filing, 10 Jun 2026, page 1

Results

Consolidated; ₹ crore.Gravita India quarterly results

Revenue growth, 12 months
+23.9%
Net profit growth, 12 months
+9.8%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,427 Crdown 3.23%
Net profit
₹102 Crdown 4.08%
Net margin
7.1%

Revenue by quarter

₹996 CrDec 24₹1,037 CrMar 25₹1,040 CrJun 25₹1,036 CrSep 25₹1,017 CrDec 25₹1,173 CrMar 26₹1,475 CrJun 26₹1,427 CrSep 26
Peak revenue ₹1,475 Cr, quarter to Jun 2026; lowest ₹996 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹78 CrDec 24₹95 CrMar 25₹93 CrJun 25₹96 CrSep 25₹97 CrDec 25₹92 CrMar 26₹106 CrJun 26₹102 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue9961,0371,0401,0361,0171,1731,4751,427
Net profit789593969792106102
Net margin7.8%9.2%8.9%9.3%9.6%7.8%7.2%7.1%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Lead₹3,771 Crup 10.28%88.4%
  • Aluminium₹365 Crup 6.87%8.5%
  • Plastics₹70 Crdown 16.60%1.7%
  • Copper₹52 Cr1.2%
  • Turnkey Projects₹5 Cr0.1%
  • Others₹3 Cr0.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Gravita India PE ratio and valuation

Price to earnings

At or below today's level on 58% of 2,301 trading days over the last 10 years.

LowestHighest
Its median24.10Industry median14.59
Price to book

At or below today's level on 35% of 1,880 trading days since Nov 2018.

LowestHighest
Its median5.28Industry median1.74
Dividend yield

At or below today's level on 11% of 2,452 trading days over the last 10 years.

LowestHighest
Its median0.48%Industry median1.27%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−28.0%+21.3%−40.7%0.0%
3 years+39.9%+20.8%+15.6%0.3%
5 years+71.4%+46.5%+16.7%0.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Gravita India shareholding pattern

Shareholding by group

  • Promoters55.88%
  • Foreign institutions11.78%
  • Indian institutions4.90%
  • Individuals and others26.14%
  • Employee trusts1.30%
Holder
RAJAT AGRAWALPromoter32.38%
Rajat Agrawal/Shashi Agarwal Trustees of Agrawal Family Private TrustPromoter23.50%
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PForeign portfolio investors, category I2.16%
YAGYADATT SHARMA TRUSTEE ON BEHALF OF GRAVITA EMPLOYEE WELFARE TRUSTEmployee benefit trusts1.30%
GOLDMAN SACHS BANK EUROPE SE - ODIForeign portfolio investors, category I1.30%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −1.07 pts, Indian institutions −0.61 pts, mutual funds +0.02 pts.

Mutual fund holdings

62 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 46 of the 49 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 62 funds holding Gravita India

Added
18
Cut
31
Held unchanged
13
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Gravita India insider trading

Bought on the market Sold on the market
  • Others0 purchases, 25 salesNo purchase₹5.42 CrNet−₹5.42 Cr1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Gravita India competitors and peers

Industrial Minerals, 15 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Gravita India in market cap.Metal stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Lloyds Metals and Energy logoLloyds Metals and EnergyLLOYDSME1,02,86321.587.42+233.8%+210.7%47.0%21.0%0.05%
NMDC logoNMDCNMDC59,3807.961.74––21.9%22.0%5.18%
Gujarat Mineral Development Corporation logoGujarat Mineral Development CorporationGMDCLTD13,95214.591.97+2.2%+43.7%14.2%4.6%2.17%
MOIL logoMOILMOIL4,44714.651.64+5.8%+8.1%11.4%10.9%2.44%
Ashapura Minechem logoAshapura MinechemASHAPURMIN4,089–2.48+62.6%––13.5%0.47%
The Orissa Minerals Development Company logoThe Orissa Minerals Development CompanyORISSAMINE1,922577.14–+47.4%––18.7%0.00%
Petro Carbon and Chemicals logoPetro Carbon and ChemicalsPCCL1,02540.005.25+94.8%+170.8%14.0%–0.00%
20 Microns logo20 Microns20MICRONS5939.271.16+4.2%+2.7%13.2%15.0%0.74%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Gravita India dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.6Mar 170.7Mar 180.3Mar 190.7Mar 201.1Mar 213Mar 224.4Mar 235.2Mar 246.4Mar 25Mar 26
Highest ₹6.35 a share, year to Mar 2025.
Ex-dateTypePer share
3 Nov 2026Interim₹7.70
8 May 2025Interim₹6.35
14 May 2024Interim₹5.20
4 Sep 2023Final₹4.35
8 Feb 2022Interim₹3.00
8 Feb 2021Interim₹1.10
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Gravita India announcements

Gravita India share price by year

Each calendar year to 2025.Gravita India share price history

YearClose at year endChangeHighest closeLowest close
20251,857.80−14.8%2,292.301,531.10
20242,179.50+98.8%2,664.65740.90
20231,096.15+143.8%1,151.05418.35
2022449.60+53.5%459.80237.00
2021292.95+280.5%300.6075.10
202077.00+59.4%77.0032.35
201948.30−36.9%91.7536.35
201876.55−51.9%199.7562.35
2017159.20+302.0%167.8039.45
201639.60+33.3%43.6016.50
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 20261,340.001,372.501,312.101,343.501,339.112,12,83039.1%
27 Oct 20261,319.001,358.601,317.501,340.301,343.841,70,92745.4%
26 Oct 20261,343.001,345.001,300.001,308.601,315.322,20,57255.2%
23 Oct 20261,352.701,359.001,303.301,343.201,325.811,85,27145.5%
22 Oct 20261,386.601,408.001,359.201,361.701,376.061,83,02647.8%
21 Oct 20261,458.001,460.101,376.101,389.601,406.052,11,98851.3%
19 Oct 20261,488.001,497.001,441.001,447.501,463.521,47,04746.7%
16 Oct 20261,486.001,497.401,472.101,479.301,486.631,59,87251.7%
15 Oct 20261,495.101,495.501,478.001,480.601,484.5485,47054.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
25 May 2012Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
RAJAT AGRAWAL
At the end of the quarter to Jun 2026
Chief executive
YOGESH MALHOTRA
At the end of the quarter to Jun 2026
NSE symbol
GRAVITA
BSE code
533282
ISIN
INE024L01027
Industry
Minerals & Mining
CIN
L29308RJ1992PLC006870
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
Saurabh, Chittora Road, Harsulia Mod, Diggi Malpura, Tehsil Phagi, Jaipur 303904, Rajasthan
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments