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Recycles lead, aluminum and plastic from used batteries and scrap into refined metals, mainly for export.
Recycles lead, aluminum and plastic from used batteries and scrap into refined metals, mainly for export.
Buys scrap and spent batteries, melts them into refined lead and other metals and sells at prices linked to global metal-exchange prices, so its margin is the spread between scrap cost and refined-metal price rather than the metal price level. Lead carries the business; it has plants in India and several African countries.
In one line: India's battery/metal recycler.
Moat: narrow (scale, process know-how). Global scrap-sourcing network across Africa/Asia and recycling process expertise are hard to replicate quickly.
Headquarters: Jaipur, India · Founded: 1992 · Employees: 3,209
Size Gravita India (GRAVITA.NS) is an India Materials company (Other Metals/Minerals) with a market value of $1.17B, the 550th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,494 on 6 Nov 2026.
Performance Over six months the shares fell 16.9%, against -27.6% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 23.9% over the last twelve months (peer median +25.0%); the operating margin is 8.4% (peer median 4.7%).
Valuation It trades at 24.7× forward earnings against a peer median of 14.1× (most expensive of 9).
Capital Return on invested capital runs 6.9 points below its cost of capital (17.7% WACC).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹50.9B | ₹42.3B | ₹38.4B | ₹31.5B | ₹27.9B |
| Revenue growth | — | +10% | +22% | +13% | — |
| Gross profit | ₹7.06B | ₹5.15B | ₹4.10B | ₹3.51B | ₹2.96B |
| EBITDA | ₹4.76B | ₹4.09B | ₹3.06B | ₹2.83B | ₹2.11B |
| Net income | ₹3.98B | ₹3.79B | ₹3.12B | ₹2.39B | ₹2.01B |
| Free cash flow | n/a | -₹409M | ₹1.47B | -₹932M | ₹538M |
| Capital expenditure | n/a | ₹2.16B | ₹1.07B | ₹982M | ₹1.08B |
| Total debt | ₹8.72B | ₹7.36B | ₹2.86B | ₹5.48B | ₹3.48B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Gravita India GRAVITA.NS | $1.17B | -17% | +24% | 8% | 24.7× | n/a |
| Amara Raja Energy & Mobility ARE&M.NS | $1.41B | -19% | +16% | 6% | 15.5× | n/a |
| Exide Industries EXIDEIND.NS | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRAVITA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.1% | -17.6% | 5th highest of 21 |
| 6-month return | -16.9% | -27.6% | 6th highest of 20 |
| Distance from 52-week high | -21.9% | -49.9% | highest of 21 |
| Revenue growth (TTM) | +23.9% | +25.0% | 8th lowest of 16 |
| Operating margin | 8.4% | 4.7% | 7th highest of 17 |
| Forward P/E | 24.7× | 14.1× | most expensive of 9 |
| ROIC minus cost of capital | -6.9 pp | -5.6 pp | 6th lowest of 18 |
| EV / EBITDA | 23.8× | 10.5× | 3rd most expensive of 9 |
| Net debt / EBITDA | 0.6× | 1.1× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gravita India GRAVITA.NS | India | $1.17B | -17% | +24% | 8% | 24.7× | n/a | n/a |
| Collective Mining CNL.TO | Canada | $1.17B | -22% | n/a | n/a | n/a | n/a | n/a |
| Jiangxi Jiangnan New Material Technology 603124.SS | China | $1.16B | -37% | +19% | 3% | 18.6× | n/a | n/a |
| Uranium Royalty UROY | United States | $1.16B | -24% | +1,570% | 27% | n/a | 17.4% | +161.8% |
| Eramet ERA.PA | France | $1.19B | -38% | 0% | -1% | n/a | n/a | n/a |
| Solaris Resources SLS.TO | Canada | $1.19B | -28% | n/a | n/a | n/a | n/a | n/a |
| Faraday Copper FDY.TO | Canada | $1.21B | -18% | n/a | n/a | n/a | n/a | n/a |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -3,916% | n/a | n/a | n/a |
| Alphamin Resources AFM.V | Canada | $1.12B | -15% | +45% | 54% | 4.1× | n/a | n/a |
| Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL | United States | $1.11B | n/a | +25% | 5% | 13.3× | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -23% | n/a | n/a | n/a |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | -548% | n/a | n/a | n/a |
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 28% | n/a | 32.8% | +6.0% |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | 4% | 20.6× | n/a | n/a |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 33% | n/a | -15.0% | +1.1% |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 5% | 23.4× | n/a | n/a |
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | 19% | 14.9× | n/a | n/a |
| TMC TMC | United States | $1.00B | -60% | n/a | n/a | n/a | n/a | n/a |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 22% | 2.0× | -2.2% | -1.8% |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 7% | 11.9× | 0.2% | +13.0% |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | -12% | n/a | n/a | n/a |