Gravita India Ltd.
Snapshot View

284.00 -6.05 ▼-2.1%

20 May 2022, 04:01:00 PM
Volume: 19,265

Overview View Details

Sector Non - Ferrous Metals Compare with Sector peers
Industry Metal - Non Ferrous Compare with Industry peers
Website http://www.gravitaindia.com
Market Cap 1,979.32 Cr.
Enterprise Value(EV) 2,315.58 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 20.19 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 14.07 Trailing Twelve Months Ending 2022-03
Industry PE 8.68 Trailing Twelve Months Ending 2022-03
Book Value / Share 56.03 Trailing Twelve Months Ending 2022-03
Price to Book Value 5.07 Calculated using Price: 284.00
Dividend Yield 1.05 Period Ending 2021-03
No. of Shares Subscribed 6.90 Cr. 69,037,914 Shares
FaceValue 2
Company Profile

Gravita India is the flagship Company of the Gravita Group which was established in the year 1992 and has manufacturing unit set up at Jaipur. They are engaged in the business of manufacturing of Lead Metal by Recycling and Smelting process and other lead products. The company is promoted by first generation entrepreneurs, Mahaveer Prasad Agarwal and Rajat Agrawal. It has a subsidiary Gravita Exim, a company specializing in providing turnkey solutions and consultancy services on engineering and design for the secondary lead companies. Gravita India and Gravita Exim together are able to provide a complete solution right from setting up plants to providing value added lead products in the lead metal market.

The company was originally incorporated as Weldtech Private Limited in the State of Rajasthan on August 4, 1992 under the Companies Act, 1956 vide certificate of incorporation issued by Registrar of Companies, Jaipur. The name of the company was changed to Gravita India Private Limited with effect from August 2, 1996 and subsequently company was converted into Public Limited vide a fresh certificate of incorporation dated August 13, 1996 from Registrar of Companies, Jaipur.

The company started its business with welding and surface coating and was appointed as stockist of Eutectic Division of Larsen and Toubro for state of Rajasthan. Later they entered into arena of manufacturing of Lead products from the battery scrap and set up a manufacturing unit at Jaipur with a capacity of 600 MT per annum. In the year 1996-97 with the objective of forward integration the company diversified into Grey Oxide, Litharge and Red Lead. During the year 2000 there was change in the duty structure of import and export of lead products which badly affected the health of the secondary lead producers and they were part of the same. The company had to stall its operation on account non-repayment of dues to banks but revived its operation in the year after the settlement of the same. Since 2005 the company has taken adequate measure to diversify the product range and expand its market to insulate itself from changes in regulations and duty structures. Also the strategy to build plants in different locations globally and service local markets as well as source raw material from different parts of the world has created a strong foundation for the company.

Presently, they are an ISO 9001:2008 and ISO 14001:2004 certified company and a certified “Star Export House” by Director of Foreign Trade, India under Ministry of Commerce and Industry with a wide range of lead products. They also have the ability to set up turnkey plants through its subsidiary, Gravita Exim which has gained substantial experience by executing 27 projects in 21 countries. They specialize in producing high quality pure lead ingots with minimum purity level of 99.97% by weight. They have a quality control Laboratory consisting of Optical Emission Spectrometer (OES) of Spectro Germany make and Atomic Absorption Spectrometer (AAS) to monitor the purity levels of the product. Their manufacturing operations to produce Pure Lead / Lead Alloys, Lead Oxides (Litharge, Red Lead & Lead Sub-Oxide), are controlled round the clock by experienced Chemists and Quality Control Supervisors.

Products:

1. Pure Lead Ingot - Pure Lead Ingot is being produced from Raw Lead Bullion / Remelted and Secondary Lead Ingots / Lead Scraps through Pyrometallurgical process. Their refining process produces pure lead ingots with a minimum purity level of 99.97% by weight but achieves purity level of 99.985% in most of cases.

2. Lead Alloying - Their alloying plant is capable to produce all kind of Lead Alloys as per the customer requirement like Antimonial, Calcium, Selenium, Copper, Tin, Arsenic, etc. They have alloying kettle of various capacities ranging from 10-30 tones per batch accompanied by high efficiency furnace oil burners equipped with preheating arrangements.

3. Litharge - Litharge is a yellowish or reddish, odorless, heavy, earthy, water-insoluble, solid, PbO, used chiefly in the manufacture of Lead Stabilizers (Lead Steareates), pottery, Lead glass, paints, enamels, and inks. It is also called Lead Monoxide, Lead Oxide, Plumbous Oxide. Other use of Litharge is as intermediate used in a variety of industries like lubricants and greases, insecticides, inorganic pigments, Lead soaps, petroleum refining, rubber and PVC etc.

4. Red Lead - It is bright red to orange-red powder, used in Lead glass, and red pigments; paint made with Red Lead which is commonly used to protect iron and steel from rusting. Chemically, Red Lead is Lead tetra oxide, Pb3O4, a water-insoluble compound that is prepared by the oxidation of metallic Lead or of litharge (Lead monoxide); the commercial product sometimes contains litharge as an impurity. It is one of the oldest and most commonly used anti-corrosion pigments applied to metal surfaces.

5. Lead Sub-Oxide - It is also commercially known as Grey Oxide / Battery Oxide and is used on an extensive scale for preparation of plates in Lead Acid Batteries which requires production to strict specifications.

Subsidiaries:

  • Gravita Exim
  • Penta Exim
  • Pagrik Ethiopia PLC
  • Gravita Zambia
  • Gravita Ghana
  • Gravita Mozambique LDA
  • Gravita Senegal SAU
  • Gravita Georgia
  • Floret Tradelink
  • Gravita Infra
  • Gravita Energy
  • Gravita Technomech LLP

Milestones:

1992-93

  • Incorporation of company as “Weldtech India Private Limited” to start business of welding technology and powder metallurgy of surface coatings
  • Appointed as stockiest for Eutectic Division of Larsen and Toubro for the State of Rajasthan

1994-95

  • Acquired land in Jaipur and set up of an environment friendly recycling operation of battery scrap to produce remelted lead and poly propylene chips with capacity of 600 MT.

1996-97

  • Changed its name to “Gravita India Pvt. Ltd and then later converted into Public Limited Company
  • Ban on import of battery scrap by Government of India

1997-98

  • Diversified into manufacturing of Pure Lead
  • Installation of new plant for manufacturing of Grey oxide, Red Lead and Litharge

1999-00

  • Reduction of import duty structure on import of litharge from 35% to 5% made the lead manufacturing environment non-viable
  • First export of the company

2000-01

  • Default on payment of loans to bank resulted in Lock Out for five years

2005-06

  • Settlement of Outstanding with Banks
  • Re-commencement of business operation

2006-07

  • First Subsidiary of the Company
  • Crossed Turnover of Rs.20 crore

2008-09

  • Acquired Gravita Exim Limited a group company dealing in turnkey solutions for lead processing plants.
  • Crossed Turnover of Rs.50 crore

2009-10

  • Crossed Turnover of Rs.100 crore

Achievements and awards:

  • Certified ISO 9001:2000 by Bureau Veritas Certification (India) in the year 2007
  • Certified ISO 14001:2004 by United Registrar Systems (India) in the year 2007
  • Gravita Exim awarded Niryat Shiromani Puruskar in the year 2007
  • Member of Institute of Scrap Recycling Industries, Inc. in the year 2008
  • Associate Member of the Federation of Indian Chambers of Commerce and Industry in the year 2008
  • Presented Technical paper on battery recycling in conferences of India Lead Zinc Development Association at Hyderabad, Mumbai, Delhi and Jaipur in the year 2007, 2008 & 2009
  • Received Certificate of Recognition as “Star Export House” issued by Office of the Joint Director General of Foreign Trade in the year 2009
  • Certified ISO 9001:2008 by Bureau Veritas Certification (India) in the year 2010

 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-2.09%
1 Week
+9.67%
1 Month
-4.68%
3 Month
-23.53%
6 Month
+40.63%
1 Year
+163.57%
2 Year
+763.22%
5 Year
+239.10%
10 Year
+67.56%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 25.48 20.70 8.50 4.70 26.27 28.17 10.02 17.28 23.01
Return on Capital Employed (%) 22.62 18.74 8.60 6.75 20.27 22.90 12.79 16.55 19.92
Return on Assets (%) 12.31 9.92 4.10 2.26 11.86 11.25 3.65 6.17 8.48

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 99 112 116 119 150 190 199 225 269 387
Non Curr. Liab. 16 9 1 6 20 19 34 54 62 128
Curr. Liab. 93 93 124 108 180 279 335 330 387 469
Minority Int. 8 6 7 5 5 5 5 5 9 14
Equity & Liab. 216 220 248 238 355 492 573 614 726 998
Non Curr. Assets 67 77 71 75 114 145 203 204 196 245
Curr. Assets 149 143 178 163 241 347 370 410 531 752
Misc. Exp. not W/O
Total Assets 216 220 248 238 355 492 573 614 726 998

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 400 517 501 431 655 1,017 1,242 1,348 1,410 2,216
Other Income 3 1 5 4 3 2 5 1 7 8
Total Income 402 518 506 435 657 1,019 1,247 1,349 1,417 2,224
Total Expenditure -364 -478 -482 -414 -598 -926 -1,180 -1,247 -1,295 -2,005
PBIDT 38 40 24 21 60 93 67 102 122 219
Interest -9 -10 -11 -9 -11 -20 -26 -31 -31 -34
Depreciation -2 -6 -6 -7 -6 -9 -12 -18 -20 -21
Taxation -4 -3 2 0 -8 -17 -10 -10 -14 -16
Exceptional Items 0 0 -5
PAT 24 22 10 5 35 48 19 37 57 148
Minority Interest -4 0 -3 -1 -2 -4 -4 -3 -4 -9
Share Associate 0 0 0 0 0 0
Other Related Items
Consolidated Net Profit 19 21 7 4 33 44 15 33 52 139
Adjusted EPS 3 3 1 1 5 6 2 5 8 20

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -14 19 18 0 29 1 -3 89 34 77
Cash Fr. Inv. -3 -11 -8 -2 -10 -49 -42 -66 -14 -19
Cash Fr. Finan. 21 -10 -10 6 -17 49 40 -17 -21 -57
Net Change 4 -2 0 3 2 2 -4 6 -2 1
Cash & Cash Eqvt 6 4 4 7 9 10 6 12 11 11

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 72.51 72.51 72.50 72.51 73.00 73.00 73.00 73.00 73.00
Public 27.49 27.49 27.50 27.49 27.00 27.00 27.00 27.00 27.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 20 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we enclose herewith copy of the Audited Financial Results published in newspapers as mentioned below:1. Indian Express (English Edition)2. Economic Times (English Edition) 3. Business Standard (English edition)4. Gujarat Samachar (Gujrat Edition)5. Sandesh (Gujrat Edition)6. Nafa Nuksan (Hindi edition)7. Business Remedies (Hindi edition) For the Quarter and Year ended 31St March 2022 at Board Meeting held on Thursday 19Th May 2022.
Thu, 19 May 2022
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We wish to inform you that pursuant to provision of Regulation 30 with Schedule III of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015 we hereby inform you that the management of the company will be virtually meeting with various investors organized by Emkay Global Financial Services Limited on Friday 20th May 2022 at 4:00 P.M.
Thu, 19 May 2022
Board Meeting Outcome for Outcome Of The Board Meeting Held On 19Th May 2022
The Board of Directors of the Company at their meeting held on Thursday 19th May 2022 discussed and approved the following along with other matters:1. Considered and approved the Audited Financial Results (Standalone and Consolidated) of the Company for the Year ended 31st March 2022.Further this is to inform you that Company has opted to publish Consolidated Financial Results in the newspaper with the foot-note of Stand-alone figures in due compliance with the Listing Agreement.The meeting of the Board of Directors commenced at 02:00 P.M. and concluded at 06:30 P.M.

Technical Scans View Details

Fri, 20 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Making Higher Highs for 3 days Making Higher Highs for 3 days
High Decrease 3 Months High Decrease 3 Months

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