Gravity (India) Limited manufactures and markets various textile products primarily in India.
Adequate balance sheet and fair value.
Share Price & News
How has Gravity (India)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 532015's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 532015 matched the Indian Luxury industry which returned -26.9% over the past year.
Return vs Market: 532015 exceeded the Indian Market which returned -29.2% over the past year.
Price Volatility Vs. Market
How volatile is Gravity (India)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Gravity (India) undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 532015's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 532015's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 532015 is good value based on its PE Ratio (1x) compared to the Luxury industry average (7.8x).
PE vs Market: 532015 is good value based on its PE Ratio (1x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 532015's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 532015 is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.4x).
How is Gravity (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gravity (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Gravity (India) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Gravity (India) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Gravity (India) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 532015 has a large one-off gain of ₹26.9M impacting its December 31 2019 financial results.
Growing Profit Margin: 532015 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 532015 has become profitable over the past 5 years, growing earnings by 29.2% per year.
Accelerating Growth: 532015 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 532015 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).
Return on Equity
High ROE: 532015's Return on Equity (10.9%) is considered low.
How is Gravity (India)'s financial position?
Financial Position Analysis
Short Term Liabilities: 532015's short term assets (₹202.7M) exceed its short term liabilities (₹91.6M).
Long Term Liabilities: 532015's short term assets (₹202.7M) exceed its long term liabilities (₹32.1M).
Debt to Equity History and Analysis
Debt Level: 532015's debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 532015's debt to equity ratio has reduced from 68.7% to 28.2% over the past 5 years.
Inventory Level: 532015 has a high level of physical assets or inventory.
Debt Coverage by Assets: 532015's debt is covered by short term assets (assets are 6.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 532015 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if 532015 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Gravity (India)'s current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 532015's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 532015's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 532015's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 532015's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 532015's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Varun Thakkar (35yo)
Mr. Varun Rasiklal Thakkar has been the Chairman and Managing Director at Gravity (India) Limited since October 2, 2016. Mr. Thakkar served as Chief Financial Officer of Gravity (India) Limited until Augus ...
CEO Compensation Analysis
Compensation vs Market: Varun's total compensation ($USD11.14K) is below average for companies of similar size in the Indian market ($USD48.50K).
Compensation vs Earnings: Varun's compensation has been consistent with company performance over the past year.
|Chairman & MD||3.42yrs||₹840.00k||9.46% ₹1.1m|
|Non-Executive Director||33yrs||no data||9.68% ₹1.1m|
|Non-Executive Independent Director||15.67yrs||₹15.00k||no data|
|Independent Director||0.58yr||no data||0.31% ₹35.0k|
Experienced Board: 532015's board of directors are considered experienced (9.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gravity (India) Limited's company bio, employee growth, exchange listings and data sources
- Name: Gravity (India) Limited
- Ticker: 532015
- Exchange: BSE
- Founded: 1987
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹11.252m
- Shares outstanding: 9.00m
- Website: https://www.gravityindia.net
Number of Employees
- Gravity (India) Limited
- 106/07, Hallmark
- Vasant Oscar
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|532015||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Aug 1998|
Gravity (India) Limited manufactures and markets various textile products primarily in India. It offers shirting, suiting, curtain, furnishing, and industrial fabrics. The company was incorporated in 1987 and is based in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 12:45|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.