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GRAVITA - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.2

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 4.2

Stock Code GRAVITA Market Cap 11,537 Cr. Current Price 1,562 ₹ High / Low 2,170 ₹
Stock P/E 38.3 Book Value 231 ₹ Dividend Yield 0.41 % ROCE 21.4 %
ROE 18.5 % Face Value 2.00 ₹ DMA 50 1,692 ₹ DMA 200 1,744 ₹
Chg in FII Hold 1.10 % Chg in DII Hold -0.16 % PAT Qtr 72.2 Cr. PAT Prev Qtr 87.2 Cr.
RSI 39.8 MACD -59.4 Volume 1,36,523 Avg Vol 1Wk 2,45,768
Low price 1,380 ₹ High price 2,170 ₹ PEG Ratio 0.57 Debt to equity 0.11
52w Index 23.0 % Qtr Profit Var 111 % EPS 40.8 ₹ Industry PE 20.2

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT declined from 87.2 Cr. to 72.2 Cr., though YoY profit variation stands at 111%, showing strong annual growth momentum.
  • Margins: ROE at 18.5% and ROCE at 21.4% reflect healthy profitability and efficient capital utilization.
  • Debt Ratios: Debt-to-equity at 0.11 indicates a low-leverage balance sheet.
  • Cash Flows: Stable operating cash flows supported by recycling and metals business.
  • Return Metrics: EPS at 40.8 ₹ highlights solid earnings power.

💹 Valuation Indicators

  • P/E Ratio: 38.3, above industry PE of 20.2, suggesting premium valuation.
  • P/B Ratio: ~6.8 (Current Price / Book Value), reflecting expensive valuation relative to assets.
  • PEG Ratio: 0.57, attractive, showing growth potential at reasonable valuation.
  • Intrinsic Value: Current price (1,562 ₹) is below recent highs, offering upside potential if earnings sustain.

🏢 Business Model & Competitive Advantage

  • Operates in recycling and metals, with focus on lead, aluminum, and plastics.
  • Competitive advantage lies in cost efficiency, global presence, and diversified product portfolio.
  • Resilient business model with steady demand for recycled materials and sustainability-driven growth.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 1,450 ₹ – 1,520 ₹ (near 52-week low and below DMA 50).
  • Long-Term Holding: Suitable for long-term investors seeking exposure to recycling and sustainability themes, though short-term volatility should be expected.

Positive

  • Low debt-to-equity ratio (0.11).
  • Strong ROE and ROCE.
  • EPS of 40.8 ₹ indicates solid earnings.
  • FII inflows (+1.10%) show foreign investor confidence.

Limitation

  • P/E ratio significantly above industry average.
  • P/B ratio indicates premium valuation.
  • Dividend yield at 0.41% is modest.
  • Quarterly PAT decline shows short-term pressure.

Company Negative News

  • Reduction in DII holdings (-0.16%) shows cautious domestic sentiment.
  • Weak technical indicators (RSI 39.8, MACD -59.4) reflect bearish momentum.

Company Positive News

  • Strong YoY profit growth of 111% despite quarterly dip.
  • Rising FII inflows (+1.10%) support investor confidence.

Industry

  • Recycling and metals sector benefits from sustainability-driven demand.
  • Industry PE at 20.2 reflects fair valuations and moderate optimism.

Conclusion

  • Gravita is a fundamentally strong recycling and metals company with healthy profitability and low debt.
  • Valuation is premium, but PEG ratio suggests reasonable growth-adjusted value.
  • Best suited for long-term investors seeking exposure to sustainability themes, with entry near support levels for better risk-reward.

Would you like me to also prepare a peer comparison with companies like Hindustan Zinc or Nalco to highlight Gravita’s relative positioning in the metals and recycling sector?

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