Gravita India Ltd.
GRAVITACommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
20 transcript(s)/analyst meet(s) served; 2 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 20 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220524 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220809 | 2022-06-30 | yes | |
| COVER_LETTER | 20221103 | 2022-09-30 | no | |
| TRANSCRIPT | 20221105 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230127 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230505 | 2023-03-31 | yes | |
| COVER_LETTER | 20230725 | 2023-06-30 | no | |
| TRANSCRIPT | 20230727 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231103 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240129 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240504 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240724 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241024 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250127 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250507 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250801 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251103 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260127 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260730 | 2026-06-30 | yes |
GRAVITA
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,515.40 |
| 52-week range | 1295.1 – 1875.4 |
| Return 1M | -15.83% |
| Return 3M | -9.31% |
| Return 1Y | -7.73% |
| Return 3Y | 91.71% |
| Return 5Y | 673.16% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,475.00 |
| Other income | 48.00 |
| Total income | 1,523.00 |
| Cost of materials consumed | 1,154.00 |
| Purchases of stock-in-trade | 1.00 |
| Changes in inventories | 66.00 |
| Employee benefit expense | 61.00 |
| Finance costs | 11.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.56 | 0.00 |
| institutions foreign | 0.13 | -0.01 |
| institutions domestic | 0.06 | 0.00 |
| mutual funds | 0.03 | 0.00 |
| public | 0.43 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2023-06-30 | 2 |
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 683.00 | 789.00 | 749.00 | 703.00 | 836.00 | 758.00 | 863.00 | 908.00 | 927.00 | 996.00 | 1,037.00 | 1,040.00 | 1,036.00 | 1,017.00 | 1,173.00 | 1,475.00 |
| Other income | 7.00 | 4.00 | 23.00 | 23.00 | 14.00 | 15.00 | 25.00 | 7.00 | 40.00 | 29.00 | 36.00 | 30.00 | 26.00 | 12.00 | 9.00 | 48.00 |
| Total income | 690.00 | 793.00 | 772.00 | 727.00 | 850.00 | 773.00 | 888.00 | 915.00 | 968.00 | 1,025.00 | 1,073.00 | 1,070.00 | 1,062.00 | 1,029.00 | 1,182.00 | 1,523.00 |
| Cost of materials consumed | 510.00 | 641.00 | 652.00 | 572.00 | 669.00 | 618.00 | 700.00 | 809.00 | 863.00 | 799.00 | 705.00 | 838.00 | 938.00 | 915.00 | 892.00 | 1,154.00 |
| Purchases of stock-in-trade | 7.00 | 8.00 | 1.00 | 8.00 | 3.00 | 1.00 | 1.00 | 1.00 | 10.00 | 3.00 | 0.00 | 0.00 | 0.00 | 3.00 | 6.00 | 1.00 |
| Changes in inventories | 37.00 | -5.00 | -43.00 | -17.00 | 8.00 | -9.00 | 7.00 | -81.00 | -113.00 | 36.00 | 141.00 | 3.00 | -98.00 | -120.00 | 41.00 | 66.00 |
| Employee benefit expense | 30.00 | 36.00 | 35.00 | 39.00 | 31.00 | 33.00 | 27.00 | 43.00 | 46.00 | 34.00 | 37.00 | 45.00 | 40.00 | 46.00 | 52.00 | 61.00 |
| Finance costs | 10.00 | 9.00 | 10.00 | 13.00 | 11.00 | 13.00 | 12.00 | 13.00 | 12.00 | 13.00 | 6.00 | 6.00 | 8.00 | 7.00 | 4.00 | 11.00 |
| Depreciation and amortisation | 6.00 | 6.00 | 7.00 | 8.00 | 9.00 | 9.00 | 12.00 | 7.00 | 7.00 | 8.00 | 8.00 | 9.00 | 9.00 | 10.00 | 11.00 | 14.00 |
| Other expenses | 40.00 | 40.00 | 41.00 | 43.00 | 52.00 | 34.00 | 56.00 | 49.00 | 58.00 | 43.00 | 63.00 | 54.00 | 53.00 | 54.00 | 70.00 | 83.00 |
| Total expenses | 639.00 | 735.00 | 702.00 | 666.00 | 783.00 | 699.00 | 816.00 | 840.00 | 883.00 | 936.00 | 958.00 | 954.00 | 951.00 | 914.00 | 1,076.00 | 1,391.00 |
| Profit before exceptional items and tax | 50.00 | 58.00 | 70.00 | 61.00 | 67.00 | 74.00 | 72.00 | 75.00 | 85.00 | 89.00 | 115.00 | 116.00 | 111.00 | 115.00 | 106.00 | 131.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 50.00 | 58.00 | 70.00 | 61.00 | 67.00 | 74.00 | 72.00 | 75.00 | 85.00 | 89.00 | 115.00 | 116.00 | 111.00 | 115.00 | 106.00 | 131.00 |
| Current tax | 2.00 | 9.00 | 12.00 | 7.00 | 9.00 | 13.00 | 8.00 | 10.00 | 14.00 | 12.00 | 17.00 | 20.00 | 17.00 | 14.00 | 19.00 | 27.00 |
| Deferred tax | 3.00 | -1.00 | -7.00 | 2.00 | -1.00 | -1.00 | -5.00 | -3.00 | -2.00 | -1.00 | 2.00 | 3.00 | -2.00 | 4.00 | -5.00 | -2.00 |
| Tax expense | 5.00 | 7.00 | 6.00 | 9.00 | 8.00 | 12.00 | 3.00 | 7.00 | 13.00 | 11.00 | 20.00 | 23.00 | 15.00 | 18.00 | 14.00 | 25.00 |
| Profit for the period | 45.00 | 50.00 | 64.00 | 53.00 | 59.00 | 61.00 | 69.00 | 68.00 | 72.00 | 78.00 | 95.00 | 93.00 | 96.00 | 97.00 | 92.00 | 106.00 |
| Profit attributable to owners | 45.00 | 50.00 | 64.00 | 52.00 | 58.00 | 60.00 | 69.00 | 67.00 | 72.00 | 78.00 | 95.00 | 93.00 | 96.00 | 98.00 | 92.00 | 106.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 1.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Other comprehensive income | -3.00 | 18.00 | -11.00 | -2.00 | -5.00 | 0.00 | -4.00 | -19.00 | -1.00 | 16.00 | -12.00 | 36.00 | 1.00 | 21.00 | -18.00 | -11.00 |
| Total comprehensive income | 42.00 | 68.00 | 53.00 | 50.00 | 54.00 | 62.00 | 65.00 | 49.00 | 71.00 | 94.00 | 83.00 | 129.00 | 97.00 | 118.00 | 74.00 | 95.00 |
| Earnings per share, basic | 6.59 | 7.42 | 9.43 | 7.70 | 8.52 | 8.74 | 9.92 | 9.82 | 10.66 | 11.35 | 13.04 | 12.81 | 13.18 | 13.41 | 12.62 | 14.60 |
| Earnings per share, diluted | 6.59 | 7.42 | 9.43 | 7.70 | 8.52 | 8.74 | 9.92 | 9.82 | 10.66 | 11.35 | 13.04 | 12.81 | 13.18 | 13.41 | 12.62 | 14.60 |
Annual results, as filed
| Line | 2018-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,029.00 | 1,348.00 | 1,410.00 | 2,216.00 | 2,801.00 | 3,161.00 | 3,869.00 | 4,265.00 |
| Other income | 2.00 | 1.00 | 7.00 | 8.00 | 93.00 | 78.00 | 112.00 | 77.00 |
| Total income | 1,031.00 | 1,349.00 | 1,417.00 | 2,224.00 | 2,894.00 | 3,239.00 | 3,981.00 | 4,342.00 |
| Cost of materials consumed | 835.00 | 1,080.00 | 1,206.00 | 1,754.00 | 2,295.00 | 2,559.00 | 3,175.00 | 3,583.00 |
| Purchases of stock-in-trade | 18.00 | 19.00 | 8.00 | 44.00 | 21.00 | 13.00 | 14.00 | 9.00 |
| Changes in inventories | -44.00 | -7.00 | -82.00 | -55.00 | -34.00 | -11.00 | -17.00 | -174.00 |
| Employee benefit expense | 52.00 | 67.00 | 73.00 | 103.00 | 134.00 | 131.00 | 159.00 | 182.00 |
| Finance costs | 17.00 | 28.00 | 28.00 | 34.00 | 39.00 | 49.00 | 43.00 | 25.00 |
| Depreciation and amortisation | 9.00 | 18.00 | 20.00 | 21.00 | 24.00 | 38.00 | 29.00 | 39.00 |
| Other expenses | 80.00 | 92.00 | 93.00 | 159.00 | 187.00 | 185.00 | 212.00 | 231.00 |
| Total expenses | 967.00 | 1,297.00 | 1,346.00 | 2,059.00 | 2,666.00 | 2,964.00 | 3,617.00 | 3,894.00 |
| Profit before exceptional items and tax | 64.00 | 52.00 | 71.00 | 165.00 | 228.00 | 274.00 | 363.00 | 448.00 |
| Exceptional items | 0.00 | -5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 64.00 | 47.00 | 71.00 | 165.00 | 228.00 | 274.00 | 363.00 | 448.00 |
| Current tax | 13.00 | 11.00 | 15.00 | 16.00 | 31.00 | 37.00 | 54.00 | 69.00 |
| Deferred tax | 3.00 | -1.00 | -1.00 | 0.00 | -7.00 | -5.00 | -3.00 | 0.00 |
| Tax expense | 17.00 | 10.00 | 14.00 | 16.00 | 24.00 | 32.00 | 51.00 | 70.00 |
| Profit for the period | 48.00 | 37.00 | 57.00 | 148.00 | 204.00 | 242.00 | 313.00 | 378.00 |
| Profit attributable to owners | 44.00 | 33.00 | 52.00 | 139.00 | 201.00 | 239.00 | 312.00 | 379.00 |
| Profit attributable to non-controlling interests | 4.00 | 3.00 | 4.00 | 9.00 | 3.00 | 3.00 | 1.00 | -0.00 |
| Other comprehensive income | 1.00 | 2.00 | 1.00 | -2.00 | -0.00 | -11.00 | -17.00 | 40.00 |
| Total comprehensive income | 49.00 | 39.00 | 58.00 | 147.00 | 204.00 | 231.00 | 296.00 | 419.00 |
| Earnings per share, basic | 6.42 | 4.82 | 7.72 | 20.60 | 29.72 | 34.88 | 45.11 | 52.02 |
| Earnings per share, diluted | 6.39 | 4.82 | 7.72 | 20.60 | 29.72 | 34.88 | 45.11 | 52.02 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 986.00 | 1,205.00 | 1,444.00 | 1,602.00 | 1,800.00 | 2,515.00 | 2,874.00 | 3,417.00 |
| Non-current assets | 280.00 | 342.00 | 378.00 | 426.00 | 476.00 | 556.00 | 647.00 | 1,068.00 |
| Current assets | 706.00 | 864.00 | 1,066.00 | 1,176.00 | 1,324.00 | 1,959.00 | 2,227.00 | 2,349.00 |
| Property, plant and equipment | 192.00 | 266.00 | 292.00 | 342.00 | 367.00 | 422.00 | 466.00 | 769.00 |
| Capital work-in-progress | 68.00 | 46.00 | 57.00 | 43.00 | 32.00 | 39.00 | 82.00 | 48.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 6.00 | 163.00 |
| Other intangible assets | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 | 7.00 | 8.00 | 7.00 |
| Inventories | 493.00 | 596.00 | 573.00 | 675.00 | 792.00 | 617.00 | 749.00 | 1,023.00 |
| Trade receivables | 87.00 | 137.00 | 238.00 | 264.00 | 205.00 | 275.00 | 270.00 | 431.00 |
| Cash and cash equivalents | 18.00 | 30.00 | 31.00 | 36.00 | 33.00 | 95.00 | 68.00 | 80.00 |
| Total equity and liabilities | 986.00 | 1,205.00 | 1,444.00 | 1,602.00 | 1,800.00 | 2,515.00 | 2,874.00 | 3,417.00 |
| Equity | 482.00 | 602.00 | 679.00 | 851.00 | 941.00 | 2,078.00 | 2,269.00 | 2,458.00 |
| Equity share capital | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 15.00 | 15.00 | 15.00 |
| Other equity | 452.00 | 575.00 | 655.00 | 824.00 | 913.00 | 2,055.00 | 2,245.00 | 2,437.00 |
| Total liabilities | 504.00 | 604.00 | 765.00 | 752.00 | 858.00 | 438.00 | 606.00 | 959.00 |
| Non-current liabilities | 116.00 | 112.00 | 332.00 | 261.00 | 272.00 | 205.00 | 183.00 | 152.00 |
| Current liabilities | 388.00 | 492.00 | 433.00 | 490.00 | 587.00 | 232.00 | 423.00 | 806.00 |
| Borrowings, non-current | 100.00 | 90.00 | 323.00 | 249.00 | 258.00 | 190.00 | 165.00 | 123.00 |
| Borrowings, current | 199.00 | 254.00 | 198.00 | 296.00 | 299.00 | 92.00 | 276.00 | 610.00 |
| Trade payables | 63.00 | 89.00 | 72.00 | 68.00 | 100.00 | 40.00 | 70.00 | 67.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 151.00 | 200.00 | 26.00 | 42.00 | 66.00 | 282.00 | -51.00 | 169.00 |
| Net cash from investing activities | -41.00 | -106.00 | -147.00 | -158.00 | -9.00 | -864.00 | -75.00 | -364.00 |
| Net cash from financing activities | -116.00 | -87.00 | 122.00 | 121.00 | -60.00 | 640.00 | 99.00 | 178.00 |
| Purchase of property, plant and equipment | 44.00 | 108.00 | 54.00 | 98.00 | 28.00 | 107.00 | 105.00 | 216.00 |
| Net increase in cash | -5.00 | 7.00 | 1.00 | 5.00 | -2.00 | 59.00 | -26.00 | -14.00 |
| con:CFO.BEFORE_TAX | 162.00 | 224.00 | 43.00 | 92.00 | 86.00 | 333.00 | -24.00 | 233.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 11.00 | 24.00 | 17.00 | 50.00 | 20.00 | 51.00 | 27.00 | 64.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-19 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 66.48 | 66.48 | 66.48 | 66.48 | 63.37 | 63.37 | 59.27 | 59.27 | 59.27 | 55.88 | 0.56 | 0.56 | 0.56 | 0.56 |
| Domestic institutions | 0.39 | 0.43 | 0.43 | 0.43 | 2.61 | 3.21 | 5.60 | 5.42 | 5.43 | 4.41 | 0.05 | 0.05 | 0.05 | 0.06 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 2.22 | 0.03 | 0.03 | 0.03 | 0.03 |
| Insurance companies | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.11 | 0.60 | 0.42 | 0.63 | 0.52 | 0.01 | 0.01 | 0.02 | 0.02 |
| Foreign institutions | 9.32 | 9.99 | 10.58 | 11.08 | 13.40 | 14.01 | 15.68 | 14.12 | 14.03 | 15.09 | 0.15 | 0.16 | 0.14 | 0.13 |
| Government | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Public | 31.54 | 32.07 | 32.07 | 32.07 | 35.18 | 35.18 | 39.37 | 39.37 | 39.37 | 42.78 | 0.43 | 0.43 | 0.43 | 0.43 |
| Non-institutional | 21.82 | 21.65 | 21.06 | 20.55 | 19.17 | 17.96 | 18.09 | 19.84 | 19.91 | 23.29 | 0.23 | 0.22 | 0.24 | 0.24 |
| Shares outstanding | 69037914 | 69037914 | 69037914 | 69037914 | 69037914 | 69037914 | 73808451 | 73808451 | 73808451 | 73808451 | 73808451 | 73808451 | 73808451 | 73808451 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Gravita Netherlands B.V. | Step Down Subsidiary | Any other transaction, Interest received, Loan, Purc | 7,011,805,000.00 | 30 |
| Recyclers Ghana Limited | Step Down Subsidiary | Any other transaction, Interest received, Loan, Purc | 836,485,000.00 | 9 |
| Gravita Metal Inc | Partnership firm in which company | Any other transaction | 406,355,000.00 | 1 |
| Navam Lanka Limited | Step Down Subsidiary | Any other transaction, Purchase of goods or services | 334,614,000.00 | 4 |
| Gravita Togo SAU | Step Down Subsidiary | Any other transaction, Interest received, Loan, Sale | 97,978,000.00 | 6 |
| Gravita Senegal SAU | Step Down Subsidiary | Any other transaction, Interest received, Loan, Purc | 97,094,000.00 | 7 |
| Mozambique Recyclers Lda | Step Down Subsidiary | Sale of goods or services | 94,752,000.00 | 2 |
| Gravita Tanzania Limited | Step Down Subsidiary | Any other transaction, Purchase of goods or services | 48,834,000.00 | 4 |
| Gravita Mozambique Lda | Step Down Subsidiary | Any other transaction, Purchase of goods or services | 32,482,000.00 | 6 |
| M/s Gravita Metal Inc | Partnership firm in which company | Any other transaction, Purchase of goods or services | 22,137,000.00 | 6 |
| Mr.Rajat Agrawal | Promoter & Key Managerial Pers | Remuneration | 16,500,000.00 | 1 |
| Mr.Sunil Kansal | Key Managerial Personnel | Remuneration | 10,612,000.00 | 1 |
| Dr.Mahavir Prasad Agrawal | Promoter & Key Managerial Pers | Remuneration | 7,738,000.00 | 1 |
| Mr.Yogesh Malhotra | Key Managerial Personnel | Remuneration | 3,500,000.00 | 1 |
| Shah Buildcon Private Limited | Enterprises having common key mana | Any other transaction | 2,967,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-30 | Q1FY27 | LIMITED | Read the call |
| 2026-05-11 | Q4FY26 | Read the call | |
| 2026-01-27 | Q3FY26 | Read the call | |
| 2025-11-03 | Q2FY26 | LIMITED | Read the call |
| 2025-08-01 | Q1FY26 | Read the call | |
| 2025-05-07 | Q4FY25 | Read the call | |
| 2025-01-27 | Q3FY25 | Read the call | |
| 2024-10-24 | Q2FY25 | Amit Dixit:, Yogesh Malhotra: | Read the call |
| 2024-07-24 | Q1FY25 | Amit Dixit:, Yogesh Malhotra:, of COVID. | Read the call |
| 2024-05-04 | Q4FY24 | Read the call | |
| 2024-01-29 | Q3FY24 | GRAVITA INDIA LIMITED, LIMITED | Read the call |
| 2023-11-03 | Q2FY24 | - GRAVITA INDIA LIMITED, INDIA LIMITED | Read the call |
| 2023-07-27 | Q1FY24 | Read the call | |
| 2023-05-05 | Q4FY23 | Keshav:, SERVICE. | Read the call |
| 2023-01-27 | Q3FY23 | GRAVITA INDIA LIMITED | Read the call |
| 2022-11-05 | Q2FY23 | SERVICES | Read the call |
| 2022-08-09 | Q1FY23 | - GRAVITA INDIA LIMITED, INDIA LIMITED | Read the call |
| 2022-05-24 | Q4FY22 | CHIEF EXECUTIVE, EMKAY, FINANCIAL SERVICES, INDIA LIMITED, May 20,2022, SABRI | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | To reiterate our capex plan for the future expansions to reach the targeted capacity of 4.25 lakh metric ton per annum by financial year 26, we will b… | The company's ambitious capex and capacity expansion plan, adherence to stringent government regulations, global operations and integrated supply chai… | During the first nine months of 2026, we have already incurred CAPEX of about Rs. | So, varius whenever we do some capex like we are doing some new plant like Mundra, we are also expanding the phase 2 so that is one in this CWIP, anot… | 600 crore planned CAPEX, how much of it would be India centric and how much | So, just wanted to understand exactly what has changed in the vision, whether we are thinking of delaying certain CAPEX elements or whether the CAPEX … | The company has capex planning totaling INR1,500 crores to be deployed by FY '28. | Yes, 5-year CAPEX was not including the copper part which is now being added. |
| Capital allocation | Do you have any inorganic plan of any acquisition or anything? | And most likely, the transaction would be complete by Q4. So, these are on the overseas expansion plans or new expansion plans or merger and acquisiti… | Gravita Netherlands BV, our step-down subsidiary, has approved an additional investment in Gravita Europe S.R.L through the acquisition of 3.5 lakh sh… | — | — | The Board of Directors have approved an interim dividend of Rs. | Gravita India Limited has strengthened its global footprint with the strategic acquisition of a waste tire recycling plant in Europe. | Now, since we have done RML acquisition and further expanding our recycling capacity. |
| Costs | And similarly, the price of raw material will also drop a little. | — | Sir, domestic because as we mentioned that there were some arbitrage opportunities and also, we were having a lot of stock in place because the capaci… | Not for paper or steel, but definitely fore-waste and lithium-ion we will considering India also, but these two are location specifics because we also… | — | So, even if you excise this segment recycling lead capacity, don’t you feel the domestic growth would be more pressured to procure the raw materials, … | — | But at the same time, there are disruptions in logistic cost also and to some extent, we are not being able to sell products or maybe bring raw materi… |
| Debt and cash | And sir, when we say well be moving certain materials to the Indian manufacturing sites for recycling, does that essentially mean that there will be s… | Out of the funds raised, INR245 crores has been utilized for various purposes, including repayment of borrowings and working capital. | With margins supported by steady cash flow, how are you planning to sustain profitability while funding expansion into new recycling verticals? | rm nedt .. aG Gravita India Limited May20, 2022 So, this is going to be now incrementally the nature of the working capital out here because in one pl… | — | But of course, the working capital cycle takes a hit whenever you do some diversification. | Our 5 year CAGR of 23% in revenue and 57% in PAT underscores the company's strong growth momentum, further strengthened by its net debt free status. | And will this lead to an elongated working capital cycle? |
| Demand | So a fair assessment will be that because RM is locally sourced, you see pricing going dovn there and given material is not moving efficiently to the … | — | So, going forward, I wanted some color on the plastics demand and on the kind of products that we are dealing in this segment. | See, as we mentioned that in plastic basically till last year the overall business was facing us up because of COVID and the collection was also lower… | — | — | Because right now from what I understand, there has been a cut down in demand of shipping, but eventually if and when the tariffs come off, there can … | — |
| Guidance | So we expect to be over by this current quarter end or latest by April end. | So, the first is the margins, the EBITDA per kg continues to be towards the higher end of the guidance range. | We expect to cover it up in the upcoming quarters to meet our medium-term target of scaling this up to over 7 lakh metric tonnes per annum by FY 2028,… | In terms of volume guidance we mentioned with the 25% to 30% growth in volume that is last years numbers, like how much will Mundra contribute for FY2… | Just two broad questions, so first is, taking the lead of about the current profitability and the total capacity which you are guiding by FY'26, is it… | The working capital has increased, whereas our guidance, we should gradually move towards 60, 65 days. | And then my second question is on growth guidance. | So, our earlier CAPEX guidance was of around INR 1,200 crores over FY 2026-2028. |
| Margin | Consolidated adjusted EBITDA for 9 months financial year 24 increased to INR238 crores, up by 19% on a year-on-year basis. | Consolidated adjusted EBITDA increased to INR295 crores, up 18%. | Lead, aluminum and plastic EBITDA per metric tonnes stood at Rs. | Sir, my final question before I just join back the queue, this gross margin while it is steady at about 21% to 22% on a per tonne basis this has gone … | 900 crore of EBITDA, at the company level? | We have achieved record high revenue, EBITDA and PAT for the quarter as well as for Financial Year ‘24 despite some logistics disruption. | I am delighted to share that FY '25 marked a year of strong operational and financial growth for Gravita, culminating in the highest ever revenue, EBI… | What is the cause of the decline in absolute EBITDA in Q4 despite the copper segment addition in the baseline revenue and EBITDA both? |
| People | So right now our largely sale is dominated by lead and our capacity utilization is 57% overall. | The first one is on the utilization of QIP proceeds. | As Gravita scales in recycling operations across lead, aluminum and plastics, how do you see capacity utilization and product mix evolving over the ne… | — | — | Based on the independent legal opinion from reputable law firms, management of the company is of the view that the distribution or the utilization of … | And also the -- because local scrap is more continuous in nature mode, I mean, like -- as compared to when we import, so the capacity utilization is b… | So, what is the current capacity utilization there and what kind of growth are you expecting there in FY ‘27-’28 and which areas do you think the grow… |
| Pricing | Essentially, what you said was there is - because of such a disruption, there is opportunistic sort of pricing available in the market, and that's wha… | — | In such periods, scrap aggregators typically withhold material in anticipation of further price increases, which temporarily tightens scrap availabili… | — | And also on an ongoing basis, I understand that pricing can change the profitability, the headline number is --; but can the volume growth also be a l… | — | — | And third, the structural pricing pressure from competition or end-market weakness? |
| Revenue growth | Our emphasis on diversifying into new business verticals targeting a revenue CAGR of 25%-plus and profitability growth of 35%-plus, achieving a ROCE o… | Despite of the global economic slowdown, which has seen a large impact on the metal sector, on the volume front, we saw an overall growth of 33% in Q3… | In nine month FY 2026, the company delivered year-on-year growth of 9%, 15% and 32% in revenue, EBITDA and PAT. | So, do you mean to say that the revenue growth could have been much higher if things were okay? | — | Is it possible to share what sort of alternate arrangements we are doing, and do we return back to our normal growth of around 20% plus from FY’25 onw… | On the volume front, we saw an overall growth of 20% and 13% in FY '25 and Q4 FY '25 respectively. | Adjusted EBITDA stood at INR 112.91 crores reflecting a growth of 4% year-on-year with margins remaining strong at 9.63% plus supported by operating e… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2024-01-29 | Q3FY24 | GRAVITA INDIA LIMITED | But yes, this is not a normal situation, so we expect to be - whenever the normal volumes comes after this issue is resolved, so we should be normal to the INR18 to INR19 per kg of margins. |
| 2024-07-24 | Q1FY25 | Yogesh Malhotra: | So even we should be close to 70%, 75% -- between 70%, 75% even after this growth of 25%. |
| 2024-07-24 | Q1FY25 | Yogesh Malhotra: | So that is what is going to be the factor in the long term, where we expect the domestic scrap to be to the tune of around 70% to 80% of the total Indian business. |
| 2024-10-24 | Q2FY25 | Yogesh Malhotra: | And we are expecting the same -- I mean, as we have given the guidance of around 25% CAGR growth in the next 4 year, it will be in the same vicinity of 25% this year also. |
| 2024-10-24 | Q2FY25 | Yogesh Malhotra: | We expect 25% growth rate in volume terms and around 35% in profitability. |
| 2024-10-24 | Q2FY25 | Yogesh Malhotra: | And we expect ROCE upwards of 35% in rubber in overseas locations and in India around 25%. |
| 2024-10-24 | Q2FY25 | Amit Dixit: | So given that you are maintaining EBITDA per kg guidance of INR18 to INR19 per kg. |