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Last Updated on: 24 February, 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
Metals - Non Ferrous - OthersSaurabh, 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

Gravita India Ltd. Share Price Update

Share PriceValue
Today₹888.65
Previous Day₹880.90

Basic Stock Data of Gravita India Ltd

Market Cap 6,326 Cr.
Current Price 916
High / Low1,167/440
Stock P/E27.0
Book Value 96.8
Dividend Yield0.46 %
ROCE31.6 %
ROE42.0 %
Face Value 2.00

Data Source: screener.in

Gravita India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales339374438446546557666580683789749703836
Expenses315341396409496503597564624721686645764
Operating Profit24334237505470165969635873
OPM %7%9%10%8%9%10%10%3%9%9%8%8%9%
Other Income8-1-5144-15074232314
Interest7775771411109101311
Depreciation5555555566789
Profit before tax20192528424649505058706167
Tax %38%13%6%19%7%10%7%11%10%12%8%14%12%
Net Profit13172323394146454550645359
EPS in Rs1.672.283.093.155.355.705.996.166.467.279.247.548.38

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:22%
5 Years:22%
3 Years:28%
TTM:12%
Compounded Profit Growth
10 Years:27%
5 Years:36%
3 Years:69%
TTM:31%
Stock Price CAGR
10 Years:34%
5 Years:70%
3 Years:129%
1 Year:81%
Return on Equity
10 Years:27%
5 Years:31%
3 Years:38%
Last Year:42%

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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters72.51%73.00%73.00%73.00%73.00%73.00%73.00%73.00%73.00%73.00%66.48%66.48%
FIIs0.01%0.00%0.00%0.86%1.38%1.21%1.13%0.79%3.48%3.08%9.32%9.99%
DIIs0.38%0.25%0.00%0.00%0.15%0.15%0.00%0.19%0.21%0.25%0.39%0.42%
Public25.10%24.75%25.00%24.14%23.47%23.64%23.87%24.02%21.29%21.66%21.81%21.66%
Others2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%1.98%1.45%
No. of Shareholders15,85618,70823,04134,40438,13643,75143,82644,11847,71553,19062,91676,242

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)
Motilal Oswal Nifty Microcap 250 Index Fund212230.462.11
Groww Nifty Total Market Index Fund490.020

Gravita India Ltd ROCE Trend

Gravita India Ltd EPS Trend

Gravita India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)29.7220.607.724.822.26
Diluted EPS (Rs.)29.7220.607.724.822.25
Cash EPS (Rs.)33.0324.4811.177.934.50
Book Value[Excl.RevalReserv]/Share (Rs.)87.1458.0540.2633.3729.67
Book Value[Incl.RevalReserv]/Share (Rs.)87.1458.0540.2633.3729.67
Revenue From Operations / Share (Rs.)405.59320.91204.20195.23180.62
PBDIT / Share (Rs.)42.1031.6817.2514.269.33
PBIT / Share (Rs.)38.6328.7014.3111.647.65
PBT / Share (Rs.)32.9623.8410.276.804.30
Net Profit / Share (Rs.)29.5621.508.235.302.82
NP After MI And SOA / Share (Rs.)29.1220.197.604.812.25
PBDIT Margin (%)10.379.878.447.305.16
PBIT Margin (%)9.528.947.005.964.23
PBT Margin (%)8.127.435.033.482.38
Net Profit Margin (%)7.286.694.032.711.56
NP After MI And SOA Margin (%)7.186.293.722.461.24
Return on Networth / Equity (%)34.1436.0319.5114.737.77
Return on Capital Employeed (%)37.3937.4629.0928.2122.11
Return On Assets (%)16.6813.977.225.402.70
Long Term Debt / Equity (X)0.150.280.190.190.14
Total Debt / Equity (X)0.581.000.841.131.20
Asset Turnover Ratio (%)2.742.552.042.232.17
Current Ratio (X)1.761.611.371.241.10
Quick Ratio (X)0.540.500.440.560.55
Inventory Turnover Ratio (X)3.944.034.135.295.84
Dividend Payout Ratio (NP) (%)0.0017.0914.180.0031.06
Dividend Payout Ratio (CP) (%)0.0014.8910.220.0017.78
Earning Retention Ratio (%)0.0082.9185.820.0068.94
Cash Earning Retention Ratio (%)0.0085.1189.780.0082.22
Interest Coverage Ratio (X)7.436.524.273.502.79
Interest Coverage Ratio (Post Tax) (X)6.215.423.042.481.84
Enterprise Value (Cr.)3663.552574.70840.52474.11784.27
EV / Net Operating Revenue (X)1.311.160.590.350.63
EV / EBITDA (X)12.6011.777.064.8112.22
MarketCap / Net Operating Revenue (X)1.190.990.440.170.45
Retention Ratios (%)0.0082.9085.810.0068.93
Price / BV (X)5.685.702.321.042.82
Price / Net Operating Revenue (X)1.190.990.440.170.45
EarningsYield0.060.060.080.140.02

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 of Gravita India Ltd Stock

Fair Value: ₹1102.76

The stock is undervalued by 20.39% compared to the current price ₹916

*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 is trading at a high valuation with an average P/B ratio of 20.19 and average Dividend Yield of 7.13%.
  2. The stock has a high average Working Capital Days of 89.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 89.33, which may not be favorable.

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