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GRAVITA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.9

Stock Code GRAVITA Market Cap 10,630 Cr. Current Price 1,440 ₹ High / Low 2,170 ₹
Stock P/E 35.3 Book Value 231 ₹ Dividend Yield 0.44 % ROCE 21.4 %
ROE 18.5 % Face Value 2.00 ₹ DMA 50 1,593 ₹ DMA 200 1,698 ₹
Chg in FII Hold 1.10 % Chg in DII Hold -0.16 % PAT Qtr 72.2 Cr. PAT Prev Qtr 87.2 Cr.
RSI 34.8 MACD -54.8 Volume 4,34,429 Avg Vol 1Wk 3,26,102
Low price 1,380 ₹ High price 2,170 ₹ PEG Ratio 0.53 Debt to equity 0.11
52w Index 7.64 % Qtr Profit Var 111 % EPS 40.8 ₹ Industry PE 16.6

📊 Core Financials

  • Quarterly PAT declined from ₹87.2 Cr. to ₹72.2 Cr., showing short-term weakness.
  • ROCE at 21.4% and ROE at 18.5% → strong efficiency compared to peers.
  • Debt-to-equity ratio of 0.11 → very low leverage.
  • Cash flows supported by recycling and metals business, though cyclical in nature.

💹 Valuation Indicators

  • P/E Ratio: 35.3 vs Industry PE of 16.6 → trading at a premium.
  • P/B Ratio: ~6.2x (₹1440 / ₹231) → high valuation relative to book value.
  • PEG Ratio: 0.53 → attractive valuation relative to growth.
  • Intrinsic Value: Current price slightly above fair zone, supported by strong fundamentals.

🏢 Business Model & Competitive Advantage

  • Leader in recycling and non-ferrous metals with global presence.
  • Strong efficiency metrics provide competitive edge.
  • Exposure to commodity cycles may affect earnings stability.

📈 Technical & Entry Zone

  • Current Price: ₹1440, below 50 DMA (₹1593) and 200 DMA (₹1698).
  • RSI: 34.8 → oversold zone, potential rebound.
  • MACD: -54.8 → bearish momentum.
  • Entry Zone: Attractive accumulation between ₹1380–₹1420.
  • Long-Term Holding: Suitable for investors with 3–5 year horizon, given strong fundamentals.

✅ Positive

  • Strong ROCE and ROE.
  • Low debt levels.
  • FII holdings increased by 1.10%, showing foreign investor confidence.

⚠️ Limitation

  • Quarterly profit decline raises short-term concerns.
  • High P/E and P/B ratios reflect premium valuation.

📉 Company Negative News

  • Stock corrected sharply from 52-week high of ₹2170.
  • Quarterly PAT declined from previous quarter.
  • DII holdings decreased (-0.16%).

📈 Company Positive News

  • EPS of ₹40.8 reflects profitability despite cyclical pressures.
  • FII inflows indicate strong foreign investor confidence.

🏭 Industry

  • Recycling and metals industry supported by sustainability demand and global commodity cycles.
  • Industry PE at 16.6 indicates moderate investor confidence.

🔎 Conclusion

GRAVITA is a recycling and metals company with strong efficiency metrics, low debt, and global presence.

Despite short-term earnings weakness, its fundamentals remain solid.

Valuations are premium but PEG ratio suggests growth potential.

Best accumulated around ₹1380–₹1420 for investors with a 3–5 year horizon.

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