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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gravita India Ltd

About the Company - Gravita India Ltd

Gravita India Ltd. is a Public Limited Listed company incorporated on 04/08/1992 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L29308RJ1992PLC006870 and registration number is 006870. Currently Company is involved in the business activities of Manufacturing of lead, zinc and tin products and alloys. Company’s Total Operating Revenue is Rs. 1894.18 Cr. and Equity Capital is Rs. 13.81 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Mining/MineralsSaurabh, Chittora Road, Harsulia Mod, Jaipur Rajasthan 303904companysecretary@gravitaindia.com
http://www.gravitaindia.com
Management
NamePosition Held
Dr. Mahavir Prasad AgarwalChairman & Wholetime Director
Mr. Rajat AgrawalManaging Director
Mr. Yogesh MalhotraWholeTime Director & CEO
Mr. Dinesh Kumar GovilIndependent Director
Mr. Arun Kumar GuptaIndependent Director
Mrs. Chanchal Chadha PhadnisIndependent Director

Basic Stock Data of Gravita India Ltd

Last Updated: June 12, 2024, 10:43 pm

Market Cap 9,178 Cr.
Current Price 1,329
High / Low1,347/587
Stock P/E38.4
Book Value 121
Dividend Yield0.40 %
ROCE27.6 %
ROE33.5 %
Face Value 2.00
PEG Ratio0.83

Gravita India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales374438446546557666580683789749703836758
Expenses341396409496503597564624712686645764677
Operating Profit33423750547016597863587380
OPM %9%10%8%9%10%10%3%9%10%8%8%9%11%
Other Income-1-5144-1507-523231415
Interest77577141110910131113
Depreciation5555555667899
Profit before tax19252842464950505870616774
Tax %13%6%19%7%10%7%11%10%12%8%14%12%17%
Net Profit17232339414645455064535961
EPS in Rs2.283.093.155.355.705.996.166.467.279.247.548.388.73

Last Updated: June 7, 2024, 8:51 am

Gravita India Ltd Quarterly Chart

Gravita India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2693985165014306551,0171,2421,3481,4102,2162,8013,078
Expenses2493634724804125969261,1801,2391,2881,9982,5942,815
Operating Profit2036442018599262109121217207263
OPM %7%9%9%4%4%9%9%5%8%9%10%7%9%
Other Income33-343125-12168864
Interest39101191120263131384442
Depreciation2266769121820212429
Profit before tax192725764464304771165228256
Tax %18%14%12%-33%8%19%26%34%22%20%10%10%
Net Profit1624221053548193757148204226
EPS in Rs2.212.793.130.970.644.786.422.254.817.6020.1929.1332.43
Dividend Payout %36%29%26%21%31%13%11%13%15%14%15%15%

Gravita India Ltd Profit & Loss Yearly Chart

Gravita India Ltd Growth

Compounded Sales Growth
10 Years:20%
5 Years:21%
3 Years:31%
TTM:13%
Compounded Profit Growth
10 Years:25%
5 Years:73%
3 Years:61%
TTM:17%
Stock Price CAGR
10 Years:35%
5 Years:78%
3 Years:117%
1 Year:93%
Return on Equity
10 Years:29%
5 Years:34%
3 Years:38%
Last Year:34%

Last Updated: June 10, 2024, 4:59 pm

Gravita India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141414141414141414141414
Reserves738698102105136176186211255373575655
Borrowings61758210399166233250279261392348523
Other Liabilities18422631223970123110196219268253
Total Liabilities1662162202502403554925736147269981,2051,444
Fixed Assets334461545468109137182172191273298
CWIP11366153224461513424657
Investments209000000000119
Other Assets1121501531901702553593904185407648851,070
Total Assets1662162202502403554925736147269981,2051,444

Gravita India Ltd Reserves and Borrowings Chart

Gravita India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -141918-0291-389347710200
Cash from Investing Activity -3-11-8-2-10-49-42-66-14-19-69-105
Cash from Financing Activity 21-10-106-174940-17-21-5772-87
Net Cash Flow4-2-0322-46-21127

Gravita India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days614030192534412818151818
Inventory Days47805781777772647511510795
Days Payable122571281021352944714
Cash Conversion Cycle96948088941019158658711999
Working Capital Days1048980103113103946674868677
ROCE %17%22%21%9%7%20%23%13%19%21%31%32%

Gravita India Ltd Financial Efficiency Indicators Chart

Gravita India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.00%73.00%73.00%73.00%73.00%73.00%73.00%73.00%66.48%66.48%66.48%66.48%
FIIs0.00%0.86%1.38%1.21%1.13%0.79%3.48%3.08%9.32%9.99%10.58%11.08%
DIIs0.00%0.00%0.15%0.15%0.00%0.19%0.21%0.25%0.39%0.42%0.43%0.43%
Public25.00%24.14%23.47%23.64%23.87%24.02%21.29%21.66%21.81%21.66%21.06%20.56%
Others2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%1.98%1.45%1.45%1.45%
No. of Shareholders23,04134,40438,13643,75143,82644,11847,71553,19062,91676,24281,52475,335

Gravita India Ltd Shareholding Pattern Chart

No. of Gravita India Ltd Shareholders

Gravita India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund21,2230.462.1121,2232024-06-110%
Groww Nifty Total Market Index Fund490.02021,2232024-06-11-99.77%

Gravita India Ltd ROCE Trend

Gravita India Ltd EPS Trend

Gravita India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)34.8829.7220.607.724.82
Diluted EPS (Rs.)34.8829.7220.607.724.82
Cash EPS (Rs.)40.5933.0324.4811.177.93
Book Value[Excl.RevalReserv]/Share (Rs.)123.1887.1458.0540.2633.37
Book Value[Incl.RevalReserv]/Share (Rs.)123.1887.1458.0540.2633.37
Revenue From Operations / Share (Rs.)457.75405.59320.91204.20195.23
PBDIT / Share (Rs.)52.3342.1031.6817.2514.26
PBIT / Share (Rs.)46.8338.6328.7014.3111.64
PBT / Share (Rs.)39.7032.9623.8410.276.80
Net Profit / Share (Rs.)35.0929.5621.508.235.30
NP After MI And SOA / Share (Rs.)34.6429.1220.197.604.81
PBDIT Margin (%)11.4310.379.878.447.30
PBIT Margin (%)10.239.528.947.005.96
PBT Margin (%)8.678.127.435.033.48
Net Profit Margin (%)7.667.286.694.032.71
NP After MI And SOA Margin (%)7.567.186.293.722.46
Return on Networth / Equity (%)28.5634.1436.0319.5114.73
Return on Capital Employeed (%)29.0837.3937.4629.0928.21
Return On Assets (%)14.9216.6813.977.225.40
Long Term Debt / Equity (X)0.290.150.280.190.19
Total Debt / Equity (X)0.650.581.000.841.13
Asset Turnover Ratio (%)2.252.742.552.042.23
Current Ratio (X)2.401.761.611.371.24
Quick Ratio (X)1.020.540.500.440.56
Inventory Turnover Ratio (X)4.033.944.034.135.29
Dividend Payout Ratio (NP) (%)0.000.0017.0914.180.00
Dividend Payout Ratio (CP) (%)0.000.0014.8910.220.00
Earning Retention Ratio (%)0.000.0082.9185.820.00
Cash Earning Retention Ratio (%)0.000.0085.1189.780.00
Interest Coverage Ratio (X)7.347.436.524.273.50
Interest Coverage Ratio (Post Tax) (X)5.926.215.423.042.48
Enterprise Value (Cr.)7350.023663.552574.70840.52474.11
EV / Net Operating Revenue (X)2.331.311.160.590.35
EV / EBITDA (X)20.3412.6011.777.064.81
MarketCap / Net Operating Revenue (X)2.181.190.990.440.17
Retention Ratios (%)0.000.0082.9085.810.00
Price / BV (X)8.235.685.702.321.04
Price / Net Operating Revenue (X)2.181.190.990.440.17
EarningsYield0.030.060.060.080.14

Gravita India Ltd Profitability Ratios (%)

Gravita India Ltd Liquidity Ratios

Gravita India Ltd Liquidity Ratios (%)

Gravita India Ltd Interest Coverage Ratios (%)

Gravita India Ltd Valuation Ratios

Fair Value

Fair Value: 1,562.77

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 17.59% compared to the current price 1329

Intrinsic Value: 2,289.05

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 72.24% compared to the current price ₹1329

Last 5 Year EPS CAGR: 46.47%

*Investments are subject to market risks

Strength and Weakness of Gravita India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.58%, which is a positive sign.
  2. The company has higher reserves (233.15 cr) compared to borrowings (220.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (213.85 cr) and profit (76.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 89.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 89.33, which may not be favorable.

FAQ

What is the latest fair value of Gravita India Ltd?

The latest fair value of Gravita India Ltd is ₹1562.77.

What is the Market Cap of Gravita India Ltd?

The Market Cap of Gravita India Ltd is 9,178 Cr..

What is the current Stock Price of Gravita India Ltd as on 13 June 2024?

The current stock price of Gravita India Ltd as on 13 June 2024 is ₹1,329.

What is the High / Low of Gravita India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gravita India Ltd stocks is 1,347/587.

What is the Stock P/E of Gravita India Ltd?

The Stock P/E of Gravita India Ltd is 38.4.

What is the Book Value of Gravita India Ltd?

The Book Value of Gravita India Ltd is 121.

What is the Dividend Yield of Gravita India Ltd?

The Dividend Yield of Gravita India Ltd is 0.40 %.

What is the ROCE of Gravita India Ltd?

The ROCE of Gravita India Ltd is 27.6 %.

What is the ROE of Gravita India Ltd?

The ROE of Gravita India Ltd is 33.5 %.

What is the Face Value of Gravita India Ltd?

The Face Value of Gravita India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gravita India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE