Gravita India share price
NSE: GRAVITABSE: 533282Minerals & MiningSmall Cap
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
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹10,434 Cr507th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 26.22
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.94
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 12.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.33
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,07,19743.7% 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
Item quarter 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
Asia 1,92,250+ Africa 74,250+ Americas 47,500+ Europe 13,000+ Australia 3,100+ - 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. Annual report, 2 Sep 2026, page 41
- 2. Annual report, 2 Sep 2026, page 12
- 3. Annual report, 2 Sep 2026, page 8
- 4. Annual report, 2 Sep 2026, page 22
- 5. Investor presentation, 27 Oct 2026, page 24
- 6. Annual report, 2 Sep 2026, page 21
- 7. Exchange filing, 17 Jun 2026, page 2
- 8. Annual report, 2 Sep 2026, page 25
- 9. Annual report, 2 Sep 2026, page 26
- 10. Exchange filing, 17 Oct 2026, page 1
- 11. Annual report, 2 Sep 2026, page 34
- 12. Annual report, 2 Sep 2026, page 174
- 13. Annual report, 2 Sep 2026, page 3
- 14. Annual report, 2 Sep 2026, page 42
- 15. Annual report, 2 Sep 2026, page 14
- 16. Investor presentation, 27 Oct 2026, page 7
- 17. Investor presentation, 27 Oct 2026, page 10
- 18. Earnings call, 28 Jul 2026, page 5
- 19. Annual report, 2 Sep 2026, page 68
- 20. Investor presentation, 27 Oct 2026, page 20
- 21. Earnings call, 28 Jul 2026, page 4
- 22. Exchange filing, 25 Feb 2026, page 2
- 23. Annual report, 2 Sep 2026, page 38
- 24. Investor presentation, 27 Oct 2026, page 12
- 25. Annual report, 2 Sep 2026, page 30
- 26. Investor presentation, 27 Oct 2026, page 17
- 27. Earnings call, 28 Jul 2026, page 5
- 28. Earnings call, 28 Jul 2026, page 13
- 29. Annual report, 2 Sep 2026, page 78
- 30. Investor presentation, 27 Oct 2026, page 18
- 31. Investor presentation, 27 Oct 2026, page 11
- 32. Earnings call, 28 Jul 2026, page 4
- 33. Exchange filing, 19 Aug 2026, page 2
- 34. Earnings call, 28 Jul 2026, page 11
- 35. Investor presentation, 27 Oct 2026, page 7
- 36. Earnings call, 28 Jul 2026, page 6
- 37. Exchange filing, 17 Oct 2026, page 1
- 38. Exchange filing, 10 Jun 2026, page 1
Results
Consolidated; ₹ crore.Gravita India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +23.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +9.8%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,427 Crdown 3.23%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹102 Crdown 4.08%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 7.1%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 996 | 1,037 | 1,040 | 1,036 | 1,017 | 1,173 | 1,475 | 1,427 |
| Net profit | 78 | 95 | 93 | 96 | 97 | 92 | 106 | 102 |
| Net margin | 7.8% | 9.2% | 8.9% | 9.3% | 9.6% | 7.8% | 7.2% | 7.1% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,265 Crup 10.25%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹378 Crup 20.91%
- Net margin
- 8.9%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 656 | 1,029what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹12 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,242 | 1,348 | 1,410 | 2,216 | 2,801 | 3,161 | 3,869 | 4,265 |
| Net profit | 30 | 48 | 19 | 37 | 57 | 148 | 204 | 242 | 313 | 378 |
| Net margin | 4.6% | 4.6% | 1.6% | 2.7% | 4.0% | 6.7% | 7.3% | 7.7% | 8.1% | 8.9% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- LeadLead, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,771 Crup 10.28%88.4%
- AluminiumAluminium, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹365 Crup 6.87%8.5%
- PlasticsPlastics, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹70 Crdown 16.60%1.7%
- CopperCopper, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹52 Cr1.2%
- Turnkey ProjectsTurnkey Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5 Cr0.1%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3 Cr0.1%
Valuation
Today, against the company's own history.Gravita India PE ratio and valuation
At or below today's level on 58% of 2,301 trading days over the last 10 years.
At or below today's level on 35% of 1,880 trading days since Nov 2018.
At or below today's level on 11% of 2,452 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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
- AddedAdded. Funds that held more shares than at the end of the month before.
- 18
- CutCut. Funds that held fewer shares than at the end of the month before.
- 31
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 13
| Fund | |||
|---|---|---|---|
| 3,91,273 | 1.28% | ₹56.6 Cr | |
| 3,91,046 | 1.08% | ₹56.6 Cr | |
| 2,33,570 | 0.99% | ₹33.8 Cr | |
| 1,77,352 | 1.06% | ₹25.7 Cr | |
| 1,62,080 | 3.06% | ₹23.5 Cr | |
| 1,20,692 | 0.35% | ₹17.5 Cr | |
| 67,079 | 1.03% | ₹9.71 Cr | |
| 48,949 | 0.21% | ₹7.08 Cr | |
| 47,705 | 0.62% | ₹6.90 Cr | |
| 44,473 | 2.35% | ₹6.44 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Gravita India insider trading
- Others0 purchases, 25 salesNo purchase₹5.42 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹5.42 Cr1 pledge filing of unclear kind
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,02,863 | 21.58 | 7.42 | +233.8% | +210.7% | 47.0% | 21.0% | 0.05% | |
| 59,380 | 7.96 | 1.74 | – | – | 21.9% | 22.0% | 5.18% | |
| 13,952 | 14.59 | 1.97 | +2.2% | +43.7% | 14.2% | 4.6% | 2.17% | |
| 4,447 | 14.65 | 1.64 | +5.8% | +8.1% | 11.4% | 10.9% | 2.44% | |
| 4,089 | – | 2.48 | +62.6% | – | – | 13.5% | 0.47% | |
| 1,922 | 577.14 | – | +47.4% | – | – | 18.7% | 0.00% | |
| 1,025 | 40.00 | 5.25 | +94.8% | +170.8% | 14.0% | – | 0.00% | |
| 593 | 9.27 | 1.16 | +4.2% | +2.7% | 13.2% | 15.0% | 0.74% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 3 Nov 2026 | Interim | ₹7.70 |
| 8 May 2025 | Interim | ₹6.35 |
| 14 May 2024 | Interim | ₹5.20 |
| 4 Sep 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹4.35 |
| 8 Feb 2022 | Interim | ₹3.00 |
| 8 Feb 2021 | Interim | ₹1.10 |
Latest announcements
Routine notices left out.Gravita India announcements
Oct 2026
29 Oct · Analysts
28 Oct · Analysts
27 Oct · Corporate action
27 Oct · Results
Gravita India share price by year
Each calendar year to 2025.Gravita India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,857.80 | −14.8% | 2,292.30 | 1,531.10 |
| 2024 | 2,179.50 | +98.8% | 2,664.65 | 740.90 |
| 2023 | 1,096.15 | +143.8% | 1,151.05 | 418.35 |
| 2022 | 449.60 | +53.5% | 459.80 | 237.00 |
| 2021 | 292.95 | +280.5% | 300.60 | 75.10 |
| 2020 | 77.00 | +59.4% | 77.00 | 32.35 |
| 2019 | 48.30 | −36.9% | 91.75 | 36.35 |
| 2018 | 76.55 | −51.9% | 199.75 | 62.35 |
| 2017 | 159.20 | +302.0% | 167.80 | 39.45 |
| 2016 | 39.60 | +33.3% | 43.60 | 16.50 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 1,340.00 | 1,372.50 | 1,312.10 | 1,343.50 | 1,339.11 | 2,12,830 | 39.1% |
| 27 Oct 2026 | 1,319.00 | 1,358.60 | 1,317.50 | 1,340.30 | 1,343.84 | 1,70,927 | 45.4% |
| 26 Oct 2026 | 1,343.00 | 1,345.00 | 1,300.00 | 1,308.60 | 1,315.32 | 2,20,572 | 55.2% |
| 23 Oct 2026 | 1,352.70 | 1,359.00 | 1,303.30 | 1,343.20 | 1,325.81 | 1,85,271 | 45.5% |
| 22 Oct 2026 | 1,386.60 | 1,408.00 | 1,359.20 | 1,361.70 | 1,376.06 | 1,83,026 | 47.8% |
| 21 Oct 2026 | 1,458.00 | 1,460.10 | 1,376.10 | 1,389.60 | 1,406.05 | 2,11,988 | 51.3% |
| 19 Oct 2026 | 1,488.00 | 1,497.00 | 1,441.00 | 1,447.50 | 1,463.52 | 1,47,047 | 46.7% |
| 16 Oct 2026 | 1,486.00 | 1,497.40 | 1,472.10 | 1,479.30 | 1,486.63 | 1,59,872 | 51.7% |
| 15 Oct 2026 | 1,495.10 | 1,495.50 | 1,478.00 | 1,480.60 | 1,484.54 | 85,470 | 54.0% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 25 May 2012 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- GRAVITA
- BSE code
- 533282
- ISIN
- INE024L01027
- Industry
- Minerals & Mining
- Website
- www.gravitaindia.com
- 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