Announcement • Jul 20
Gravita India Limited to Report Q1, 2027 Results on Jul 27, 2026 Gravita India Limited announced that they will report Q1, 2027 results on Jul 27, 2026 Reported Earnings • May 08
Full year 2026 earnings released: EPS: ₹52.02 (vs ₹45.11 in FY 2025) Full year 2026 results: EPS: ₹52.02 (up from ₹45.11 in FY 2025). Revenue: ₹43.4b (up 12% from FY 2025). Net income: ₹3.79b (up 21% from FY 2025). Profit margin: 8.7% (up from 8.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Gravita India Limited to Report Q4, 2026 Results on May 07, 2026 Gravita India Limited announced that they will report Q4, 2026 results on May 07, 2026 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,509, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 204% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,464 per share. Announcement • Feb 26
Gravita India Limited has filed a Follow-on Equity Offering in the amount of INR 700 million. Gravita India Limited has filed a Follow-on Equity Offering in the amount of INR 700 million.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Rights Offering Announcement • Feb 09
Gravita India Limited (NSEI:GRAVITA) entered into a binding term sheet to acquire Rashtriya Metal Industries Ltd. from the existing shareholders for INR 5.7 billion. Gravita India Limited (NSEI:GRAVITA) entered into a binding term sheet to acquire Rashtriya Metal Industries Ltd. from the existing shareholders for INR 5.7 billion on February 9, 2026. A cash consideration of INR 5.65 billion will be paid by Gravita India Limited. Following the acquisition, Rashtriya Metal Industries Ltd becoming a subsidiary of Gravita India Limited.
As of March 31, 2025, Rashtriya Metal Industries had INR 9.1 billion in revenue, INR 600 million in EBITDA, INR 5.58 billion in total assets and INR 3 billion in total common equity.
The transaction is subject to completion of due diligence, execution of definitive documentation, receipt of necessary regulatory and other approvals, and satisfaction of customary closing conditions. The transaction has been approved by the acquirer board of directors of Gravita India Limited. The expected completion of the transaction is March 31, 2026. Price Target Changed • Jan 28
Price target decreased by 8.0% to ₹2,146 Down from ₹2,333, the current price target is an average from 9 analysts. New target price is 38% above last closing price of ₹1,554. Stock is down 26% over the past year. The company is forecast to post earnings per share of ₹53.46 for next year compared to ₹45.11 last year. Reported Earnings • Jan 22
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹13.41 (up from ₹11.35 in 3Q 2025). Revenue: ₹10.2b (up 2.1% from 3Q 2025). Net income: ₹976.7m (up 25% from 3Q 2025). Profit margin: 9.6% (up from 7.8% in 3Q 2025). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
Gravita India Limited to Report Q3, 2026 Results on Jan 21, 2026 Gravita India Limited announced that they will report Q3, 2026 results on Jan 21, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹13.18 (up from ₹10.66 in 2Q 2025). Revenue: ₹10.6b (up 14% from 2Q 2025). Net income: ₹959.9m (up 33% from 2Q 2025). Profit margin: 9.0% (up from 7.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 23
Gravita India Limited to Report Q2, 2026 Results on Oct 30, 2025 Gravita India Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Announcement • Sep 08
Gravita India Limited Declares Interim Dividend for the Financial Year 2025-26 Gravita India Limited declared the payment of interim dividend of INR 6.35 (317.50% per equity share of INR 2/- each) for the financial year 2025-26, at the AGM held on September 8, 2025. Announcement • Aug 12
Gravita India Limited, Annual General Meeting, Sep 08, 2025 Gravita India Limited, Annual General Meeting, Sep 08, 2025, at 13:00 Indian Standard Time. Reported Earnings • Jul 29
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: ₹12.81 (up from ₹9.82 in 1Q 2025). Revenue: ₹10.7b (up 18% from 1Q 2025). Net income: ₹932.6m (up 39% from 1Q 2025). Profit margin: 8.7% (up from 7.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
Gravita India Limited to Report Q1, 2026 Results on Jul 28, 2025 Gravita India Limited announced that they will report Q1, 2026 results on Jul 28, 2025 Price Target Changed • May 09
Price target decreased by 8.8% to ₹2,439 Down from ₹2,675, the current price target is an average from 7 analysts. New target price is 35% above last closing price of ₹1,806. Stock is up 98% over the past year. The company is forecast to post earnings per share of ₹55.62 for next year compared to ₹45.11 last year. Reported Earnings • May 04
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹45.11 (up from ₹34.88 in FY 2024). Revenue: ₹39.8b (up 26% from FY 2024). Net income: ₹3.12b (up 31% from FY 2024). Profit margin: 7.8% (up from 7.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.1%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
Gravita India Limited to Report Q4, 2025 Results on May 02, 2025 Gravita India Limited announced that they will report Q4, 2025 results on May 02, 2025 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,855, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 511% over the past three years. New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Apr 10
Price target decreased by 9.7% to ₹2,675 Down from ₹2,964, the current price target is an average from 7 analysts. New target price is 68% above last closing price of ₹1,592. Stock is up 53% over the past year. The company is forecast to post earnings per share of ₹43.33 for next year compared to ₹34.88 last year. Announcement • Mar 24
Gravita India Limited Announces Retirement of Chanchal Chadha Phadnis as Independent Director Gravita India Limited announced that Mrs. Chanchal Chadha Phadnis (DIN: 07133840) is ceased to be the Independent Director of the Company with effect from the closure of Business Hours on 23rd March 2025 upon completion of their current term of appointment as an Independent Director. Reason for change viz: Retirement due to completion of second term as an Independent Director as per Section 149 of the Companies Act, 2013. Announcement • Mar 07
Gravita India Limited Approves the Appointment of Shikha Sharma as a Woman Independent Director Gravita India Limited approved the appointment of Mrs. Shikha Sharma (DIN: 10913968) as a Woman Independent Director of the Company. Date of the meeting /last day of receipt of postal ballot forms (in case of Postal Ballot) is Mar. 07, 2025. Recent Insider Transactions • Feb 22
CFO & Whole Time Director recently sold ₹6.4m worth of stock On the 17th of February, Sunil Kansal sold around 4k shares on-market at roughly ₹1,674 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sunil's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹1,649, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 349% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,003 per share. Reported Earnings • Jan 23
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹11.35 (up from ₹8.74 in 3Q 2024). Revenue: ₹9.96b (up 32% from 3Q 2024). Net income: ₹779.3m (up 29% from 3Q 2024). Profit margin: 7.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
Gravita India Limited to Report Q3, 2025 Results on Jan 22, 2025 Gravita India Limited announced that they will report Q3, 2025 results on Jan 22, 2025 Announcement • Dec 20
Gravita India Limited has completed a Follow-on Equity Offering in the amount of INR 9.990459 billion. Gravita India Limited has completed a Follow-on Equity Offering in the amount of INR 9.990459 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 4,770,537
Price\Range: INR 2094.2
Transaction Features: Regulation S; Subsequent Direct Listing Announcement • Dec 18
Gravita India Limited has filed a Follow-on Equity Offering. Gravita India Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • Oct 22
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ₹10.66 (up from ₹8.52 in 2Q 2024). Revenue: ₹9.27b (up 11% from 2Q 2024). Net income: ₹720.0m (up 24% from 2Q 2024). Profit margin: 7.8% (up from 6.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 14
Gravita India Limited to Report Q2, 2025 Results on Oct 21, 2024 Gravita India Limited announced that they will report Q2, 2025 results on Oct 21, 2024 Price Target Changed • Oct 10
Price target increased by 9.0% to ₹2,917 Up from ₹2,675, the current price target is an average from 6 analysts. New target price is 19% above last closing price of ₹2,442. Stock is up 158% over the past year. The company is forecast to post earnings per share of ₹46.78 for next year compared to ₹34.88 last year. Announcement • Oct 04
Gravita India Limited Announces Management Changes Gravita India Limited at its Board of Directors meeting held on October 4, 2024, approved the appointment of Mr. Sunil Kansal, as Whole Time Director of the Company with effect from October 4, 2024. His appointment as Whole-time Director is in addition to his existing role as Chief Financial Officer of the Company. Mr. Sunil Kansal serves as Chief Financial Officer, bringing in three decades of experience in the financial domain. He is a Chartered Accountant and also holds Master's Degrees in Commerce from Rajasthan University. Mr. Sunil Kansal joined Gravita India Limited in 2008. He has knowledge and exceptional understanding in financial management & operations and strategic planning, strategic visionary, risk management, and corporate governance. His insights have been instrumental in ensuring Gravita's financial stability and driving its remarkable growth. There is no relationship of Mr. Sunil Kansal with any Director(s) and KMP(s) of the Company. Change in designation of Mr. Rajat Agrawal from Managing Director to Chairman cum Managing Director with effect from October 5, 2024 Mr. Rajat Agrawal is a Bachelor of Engineering from MNIT, Jaipur and carry rich experience of over 32 years in establishing and handling manufacturing operations. He has attended various management development programmes and has participated in, and contributed to, many international industry conferences. He has also attended OPM, an advanced management programme at the Harvard Business School, USA. Mr. Rajat Agrawal has been instrumental in transforming the Indian Recycling industry with his progressive outlook. Under his leadership, the Gravita group has grown leaps & bounds, into a true Indian multinational, having its presence around the globe with 12 eco-conscious manufacturing facilities. Mr. Rajat Agrawal is Son of Dr. Mahavir Prasad Agarwal, Chairman cum Whole Time Director of the Company apart from this there is no relationship of Mr. Rajat Agrawal with any Director(s) and KMP(s) of the Company as on date. Resignation of Dr. Mahavir Prasad Agarwal, as Chairman and Whole Time Director of the Company with effect from the closure of business hours on October 5, 2024 due to personal reasons. Announcement • Sep 19
Gravita India Limited Confirms Interim Dividend for the Financial Year 2024-25 Gravita India Limited confirms the payment of interim dividend of INR 5.20 (260% per equity share of INR 2 each) for the financial year 2024-25, at the AGM held on September 18, 2024. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,556, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 1,253% over the past three years. Announcement • Aug 23
Gravita India Limited, Annual General Meeting, Sep 18, 2024 Gravita India Limited, Annual General Meeting, Sep 18, 2024, at 13:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹2,214, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 1,103% over the past three years. Announcement • Jul 31
Gravita India Limited Announces Cessation of Dinesh Kumar Govil as Independent Director Gravita India Limited announced that Mr. Dinesh Kumar Govil (DIN: 02402409) is ceased to be the Independent Director of the Company with effect from the closure of Business Hours on 31st July, 2024 upon completion of their current term of appointment as an Independent Director. Retirement due to completion of second term as an Independent Director as per Section 149 of the Companies Act, 2013. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹1,698, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 837% over the past three years. Price Target Changed • Jul 23
Price target increased by 24% to ₹1,540 Up from ₹1,240, the current price target is an average from 5 analysts. New target price is 11% below last closing price of ₹1,733. Stock is up 158% over the past year. The company is forecast to post earnings per share of ₹45.27 for next year compared to ₹34.88 last year. Reported Earnings • Jul 23
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹9.82 (up from ₹7.70 in 1Q 2024). Revenue: ₹9.08b (up 29% from 1Q 2024). Net income: ₹673.3m (up 29% from 1Q 2024). Profit margin: 7.4% (in line with 1Q 2024). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 13
Gravita India Limited to Report Q1, 2025 Results on Jul 20, 2024 Gravita India Limited announced that they will report Q1, 2025 results on Jul 20, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,488, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 1,070% over the past three years. Recent Insider Transactions • Jun 25
Insider recently sold ₹1.1m worth of stock On the 19th of June, Krishan Gupta sold around 876 shares on-market at roughly ₹1,288 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹701m. Insiders have been net sellers, collectively disposing of ₹719m more than they bought in the last 12 months. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Significant insider selling over the past 3 months (₹701m sold). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,152, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 819% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,139, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 1,012% over the past three years. Price Target Changed • May 15
Price target increased by 8.4% to ₹1,240 Up from ₹1,144, the current price target is an average from 5 analysts. New target price is 31% above last closing price of ₹946. Stock is up 63% over the past year. The company is forecast to post earnings per share of ₹43.83 for next year compared to ₹34.88 last year. Upcoming Dividend • May 07
Upcoming dividend of ₹5.20 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (5.1%). Recent Insider Transactions • May 06
Founder recently sold ₹701m worth of stock On the 3rd of May, Rajat Agrawal sold around 750k shares on-market at roughly ₹934 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rajat's only on-market trade for the last 12 months. New Risk • May 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Announcement • May 01
Gravita India Limited Declares Interim Dividend for the Financial Year 2024-25, Payable on or Before 29 May, 2024 Gravita India Limited declared interim dividend of INR 5.20 (260%) per equity share of INR 2 each for the financial year 2024-25. Record Date is 14 May, 2024. The payment of interim dividend or dispatch of dividend warrants will be done on or before 29 May, 2024. Announcement • Apr 26
Gravita India Limited to Report Q4, 2024 Results on Apr 30, 2024 Gravita India Limited announced that they will report Q4, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹995, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 1,014% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹760 per share. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹743, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 677% over the past three years. Recent Insider Transactions • Feb 03
Executive Director & SBU Head- Lead recently sold ₹6.3m worth of stock On the 29th of January, Vijay Pareekh sold around 7k shares on-market at roughly ₹899 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹89m more than they bought in the last 12 months. Price Target Changed • Jan 25
Price target increased by 8.9% to ₹1,158 Up from ₹1,064, the current price target is an average from 3 analysts. New target price is 23% above last closing price of ₹942. Stock is up 85% over the past year. The company is forecast to post earnings per share of ₹33.90 for next year compared to ₹29.72 last year. Reported Earnings • Jan 24
Third quarter 2024 earnings released: EPS: ₹8.74 (vs ₹7.42 in 3Q 2023) Third quarter 2024 results: EPS: ₹8.74 (up from ₹7.42 in 3Q 2023). Revenue: ₹7.58b (down 4.0% from 3Q 2023). Net income: ₹602.7m (up 20% from 3Q 2023). Profit margin: 8.0% (up from 6.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
Gravita India Limited to Report Q3, 2024 Results on Jan 23, 2024 Gravita India Limited announced that they will report Q3, 2024 results on Jan 23, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: ₹8.52 (vs ₹6.59 in 2Q 2023) Second quarter 2024 results: EPS: ₹8.52 (up from ₹6.59 in 2Q 2023). Revenue: ₹8.50b (up 25% from 2Q 2023). Net income: ₹578.6m (up 30% from 2Q 2023). Profit margin: 6.8% (up from 6.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 194% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 24
Gravita India Limited to Report Q2, 2024 Results on Oct 31, 2023 Gravita India Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹910, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 1,816% over the past three years. Recent Insider Transactions • Sep 23
Chief Financial Officer recently sold ₹2.6m worth of stock On the 18th of September, Sunil Kansal sold around 3k shares on-market at roughly ₹852 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹5.5m. Sunil has been a net seller over the last 12 months, reducing personal holdings by ₹19m. Board Change • Sep 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. CEO & Whole Time Director Yogesh Malhotra was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 13
Gravita India Limited Approves Dividend for the Financial Year Ended 31 March, 2023 Gravita India Limited at its AGM held on September 11, 2023 approved to declare a dividend of INR 4.35 per share (217.50% of the face value of INR 2 each) for the financial year ended 31 March, 2023. Announcement • Aug 18
Gravita India Limited Recommends Final Dividend Gravita India Limited announces that the Board of Directors of Company has recommended final dividend @ 217.50% (INR 4.35 per equity share) amounting to INR 300.3 million in the Board Meeting dated 1st May, 2023 and it would be paid if, final dividend is approved at the Annual General Meeting. The dividend to be paid to the members whose name appears in the Register of Members as at the closure of business hours of 4th September, 2023 being the record date fixed for this purpose and further in respect of shares held in dematerialized form, it is to be paid to the members whose names are furnished by National Securities Depository Limited and Central Depository Services (India) Limited, as beneficial owners as on that date. Further, Company has not transferred any amount to General Reserve. Announcement • Aug 12
Gravita India Limited, Annual General Meeting, Sep 11, 2023 Gravita India Limited, Annual General Meeting, Sep 11, 2023, at 13:00 Indian Standard Time. Announcement • Jul 16
Gravita India Limited to Report Q1, 2024 Results on Jul 24, 2023 Gravita India Limited announced that they will report Q1, 2024 results on Jul 24, 2023 Announcement • Jun 17
Gravita India Limited Provides Updates on Mundra Plant Gravita India Limited informed that due to "Cyclone Biparjoy" which is widely reported by the India Meteorological Department, the Mundra plant of the company has been impacted. The company operations were already suspended as a precautionary measure from Government Authorities. Further, the cyclone has damaged some parts of the plant and operations of said plant has been suspended for few days to protect the people and the assets of the Company. Overall damage will be assessed once weather conditions normalize. Recent Insider Transactions • Jun 10
CEO & Whole Time Director recently sold ₹17m worth of stock On the 5th of June, Yogesh Malhotra sold around 28k shares on-market at roughly ₹632 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Yogesh's only on-market trade for the last 12 months. Recent Insider Transactions • May 21
Insider recently sold ₹1.1m worth of stock On the 17th of May, Kamal Singh sold around 2k shares on-market at roughly ₹572 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹20m more than they bought in the last 12 months. Reported Earnings • May 04
Full year 2023 earnings released: EPS: ₹29.72 (vs ₹20.60 in FY 2022) Full year 2023 results: EPS: ₹29.72 (up from ₹20.60 in FY 2022). Revenue: ₹28.0b (up 26% from FY 2022). Net income: ₹2.01b (up 44% from FY 2022). Profit margin: 7.2% (up from 6.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 155% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 26
Price target increased by 35% to ₹600 Up from ₹445, the current price target is provided by 1 analyst. New target price is 18% above last closing price of ₹510. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₹28.80 for next year compared to ₹20.60 last year. Reported Earnings • Jan 24
Third quarter 2023 earnings released: EPS: ₹7.42 (vs ₹5.81 in 3Q 2022) Third quarter 2023 results: EPS: ₹7.42 (up from ₹5.81 in 3Q 2022). Revenue: ₹7.93b (up 43% from 3Q 2022). Net income: ₹502.0m (up 28% from 3Q 2022). Profit margin: 6.3% (down from 7.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
Gravita India Limited to Report Q3, 2023 Results on Jan 23, 2023 Gravita India Limited announced that they will report Q3, 2023 results on Jan 23, 2023 Recent Insider Transactions • Dec 14
Insider recently sold ₹1.1m worth of stock On the 8th of December, Manesh Jangir sold around 3k shares on-market at roughly ₹423 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹5.9m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₹422, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 9x in the Metals and Mining industry in India. Total returns to shareholders of 1,046% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. CEO & Whole Time Director Yogesh Malhotra was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: ₹6.59 (vs ₹5.46 in 2Q 2022) Second quarter 2023 results: EPS: ₹6.59 (up from ₹5.46 in 2Q 2022). Revenue: ₹6.90b (up 26% from 2Q 2022). Net income: ₹445.7m (up 21% from 2Q 2022). Profit margin: 6.5% (down from 6.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
Gravita India Limited to Report Q2, 2023 Results on Nov 02, 2022 Gravita India Limited announced that they will report Q2, 2023 results on Nov 02, 2022 Announcement • Oct 01
Gravita India Limited Approves the Payment of Interim Dividend for the Financial Year Ended 31st March, 2022 as Final Dividend Gravita India Limited approved the payment of interim dividend of INR 3.00 per share on equity shares of INR 2.00 each for the financial year ended 31st March, 2022 as final dividend at its annual general meeting held on September 28, 2022. Announcement • Sep 29
Gravita India Limited Proposes Final Dividend for the Financial Year Ended March 31, 2022 Gravita India Limited proposes to confirm the payment of interim dividend of INR 3.00/- (Three Rupees only) per share on equity shares of INR 2.00 each for the Financial Year ended 31st March, 2022 as final dividend. Announcement • Sep 03
Gravita India Limited, Annual General Meeting, Sep 28, 2022 Gravita India Limited, Annual General Meeting, Sep 28, 2022, at 13:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited standalone financial statements of the company for the financial year ended 31st march 2022 together with the reports of the board of directors and statutory auditors thereon; to confirm the payment of interim dividend of ` 3.00/- (Rupees Three only) per share on equity shares of 2/- each for the financial year ended 31st march 2022 as final dividend; to appoint a director in place of Mr. Rajat Agrawal, who retires by rotation and being eligible offers himself for re-appointment. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 22% share price gain to ₹344, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Metals and Mining industry in India. Total returns to shareholders of 856% over the past three years. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: ₹6.28 (vs ₹3.22 in 1Q 2022) First quarter 2023 results: EPS: ₹6.28 (up from ₹3.22 in 1Q 2022). Revenue: ₹6.30b (up 41% from 1Q 2022). Net income: ₹425.2m (up 95% from 1Q 2022). Profit margin: 6.7% (up from 4.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23% compared to a 4.5% decline forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 26
Gravita India Limited to Report Q1, 2023 Results on Aug 02, 2022 Gravita India Limited announced that they will report Q1, 2023 results on Aug 02, 2022 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹286, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Metals and Mining industry in India. Total returns to shareholders of 423% over the past three years. Reported Earnings • May 21
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹20.60 (up from ₹7.72 in FY 2021). Revenue: ₹22.2b (up 57% from FY 2021). Net income: ₹1.39b (up 166% from FY 2021). Profit margin: 6.3% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Over the next year, revenue is forecast to grow 21%, compared to a 7.9% growth forecast for the mining industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Announcement • May 10
Gravita India Limited to Report Fiscal Year 2022 Results on May 19, 2022 Gravita India Limited announced that they will report fiscal year 2022 results on May 19, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. CEO & Whole Time Director Yogesh Malhotra was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. CEO & Whole Time Director Yogesh Malhotra was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 12
Insider recently sold ₹380k worth of stock On the 8th of March, Kishan Gupta sold around 1k shares on-market at roughly ₹345 per share. In the last 3 months, they made an even bigger sale worth ₹2.2m. Insiders have been net sellers, collectively disposing of ₹32m more than they bought in the last 12 months. Recent Insider Transactions • Feb 27
Insider recently sold ₹2.2m worth of stock On the 23rd of February, Kishan Gupta sold around 6k shares on-market at roughly ₹379 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹31m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₹379, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 7x in the Metals and Mining industry in India. Total returns to shareholders of 517% over the past three years. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: ₹5.60b (up 50% from 3Q 2021). Net income: ₹393.2m (up 150% from 3Q 2021). Profit margin: 7.0% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 31
Insider recently sold ₹272k worth of stock On the 27th of December, Sandeep Choudhary sold around 1k shares on-market at roughly ₹272 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹1.9m. Insiders have been net sellers, collectively disposing of ₹27m more than they bought in the last 12 months. 
