GRAVITA INDIA LIMITED
Current Price
₹1,615.45
As of 20 May 2026
Market Cap
₹12.00K Cr
As of 20 May 2026
five-engine non-ferrous recycler, copper now in the mix
Report updated: 2026-05-18
GRAVITA INDIA LIMITED
India's largest lead recycler, multi-engine non-ferrous recycler. Founded 1992. 14 manufacturing facilities, 70+ countries, 4.57 lakh MTPA capacity (target 8 lakh MTPA by FY29). FY26 revenue Rs.4,265 Cr (+10% YoY), PAT Rs.379 Cr (+21%). Acquired Rashtriya Metal Industries (Rs.560 Cr, copper) March 2026 — multi-engine push into copper + lithium-ion + rubber. CRISIL / ICRA / Fitch rated.
Rs.1,688
Share price
Rs.12,460 Cr
Market cap
Rs.4,265 Cr
FY26 revenue (+10%)
Rs.379 Cr
FY26 PAT (+21%)
32.9x
Trailing P/E
55.88%
Promoter holding
Stock Funda Summary
- Gravita India is India's largest lead recycler, founded 1992 in Jaipur. 14 manufacturing facilities, 70+ countries, 4.57 lakh MTPA capacity (target 8 lakh by FY29).
- FY26 consolidated: Rev Rs.4,265 Cr (+10%), EBITDA Rs.452 Cr (10.6%), PAT Rs.379 Cr (+21%). 5-yr CAGR: Rev 25% / EBITDA 49% / PAT 31%.
- Acquired Rashtriya Metal Industries (RMIL) for Rs.560 Cr in March 2026 — copper becomes the 5th engine alongside lead + aluminium + plastic + (upcoming) rubber + lithium-ion pilot.
- CRISIL / ICRA / Fitch rated, frequent reaffirmation.
- Risks: working capital widens to 85-90 days with copper imports, gross debt steps to ~Rs.800-900 Cr peak FY28, promoter holding 73% (FY17) to 55.88% (Mar-26), Middle East drag on 10-12% of value-added export sales.
- Total CAPEX Rs.1,700 Cr through FY29 funded by internal accruals.