GRAVITAMetals & Mining

Gravita India Limited

Industrial Minerals · ISIN INE024L01027 · BSE 533282 · NSE EQ · FV ₹2
Last price
₹1,612
-0.68%today
What this company does

Gravita India Limited operates in Industrial Minerals, part of the Metals & Mining sector. It booked ₹1,475 cr of revenue in its latest quarter (Q1 FY27) and kept 7.2% of sales as profit. It is the 4th largest of 9 Industrial Minerals companies we track, by market value.

57out of 100
Equitytale Health Score
Mixed

Healthier than 57% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 18–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns48

How much profit it earns on the money it employs

Balance sheet74

How much it owes, and whether earnings cover the interest

Cash quality26

Whether reported profit actually arrives as cash

Growth & consistency84

Whether sales and profit have grown, and how steadily

Valuation25

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 42% vs last year
Profit up 14% vs last year
Promoters hold 56%
No promoter shares pledged
Strong 17% return on equity
Watch-outs
! Thin 7.2% net margin
! Operating cash flow is negative

What if I invest in GRAVITA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,612 -0.68%
latest close · 2026-09-17
1-year return
+723.7%
52-wk low ₹18752-wk high ₹1,859
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio27.6Average
LowAverageHigh
P/B ratio4.85High
Below bookModerateHigh
EV / EBITDA19.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.4%Strong
WeakFairStrong ▸15%
Return on capital21.9%Strong
WeakFairStrong
Net margin7.2%Decent
ThinDecentStrong
EBITDA margin10.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.30Comfortable
LowModerateHigh ▸1
Interest cover12.4×Strong
RiskyOkayStrong ▸5×
Current ratio2.91Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹11,894 cr
Book value
₹332
EPS
₹14.60
latest quarter
Net debt
₹652 cr
owes more than its cash
Enterprise value
₹12,546 cr
EBITDA
₹629 cr
annualised
EBIT
₹571 cr
annualised
Operating margin
9.7%
Return on assets
12.5%
Earnings yield
3.62%
P/S
2.02
Sales / share
₹799.5
Tax rate
19.0%
Face value
₹2
Shares
7.4 cr
Working capital
₹1,543 cr
Current assets
₹2,349 cr
Current liabilities
₹806 cr
Delivery %
50.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹346₹652, midpoint ₹499

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,475 cr
Other Income₹48 cr
Total Income₹1,523 cr
Cost of Materials₹1,154 cr
Purchases of Stock-in-Trade₹1 cr
Inventory Change (±)₹66 cr
Employee Benefit Expense₹61 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹14 cr
Other Expenses₹83 cr
Total Expenses₹1,391 cr
Profit before Tax₹131 cr
Tax Expense₹25 cr
Net Profit₹106 cr
Net margin on total income7.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,221 cr80.2%
Employee benefit expense₹61 cr4.0%
Finance costs₹11 cr0.8%
Depreciation & amortisation₹14 cr1.0%
Other expenses₹83 cr5.5%
Tax expense₹25 cr1.6%
Profit for the period₹106 cr7.0%
Total income ₹1,523 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,017 cr1,173 cr1,475 cr
Total income1,029 cr1,182 cr1,523 cr
Expenses914 cr1,076 cr1,391 cr
Profit before tax115 cr106 cr131 cr
Tax18 cr14 cr25 cr
Net profit (owners' share)98 cr92 cr106 cr
Net margin (owners' share, on revenue)9.6%7.8%7.2%
EPS (₹)13.4112.6214.60
YoY (latest quarter): total income +42.3% · net profit +14.1%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,417 cr
Shareholder equity
₹2,452 cr
parent shareholders
Total debt
₹732 cr
Cash
₹80 cr
Cash flow · H1 FY26
Operating
₹-51 cr
Investing
₹-75 cr
Financing
₹99 cr
Peer comparison
Industrial Minerals · by market value
CompanyPriceMarket capP/E
Lloyds Metals And Energy Limited₹1,799₹1.01 L cr14.7
NMDC Limited₹81₹71,038 cr9.0
Gujarat Mineral Development Corporation Limited₹549₹17,463 cr26.7
Gravita India Limitedthis company₹1,612₹11,894 cr27.6
MOIL Limited₹243₹5,768 cr28.0
Ashapura Minechem Limited₹518₹4,946 cr10.7
The Orissa Minerals Development Company Limited₹3,896₹2,338 cr
20 Microns Limited₹206₹726 cr10.2
Goa Carbon Limited₹378₹346 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹6.35
ex 8 May 2025
ActionDetailEx-date
Dividend₹6.35 / share8 May 2025
Dividend₹5.2 / share14 May 2024
Dividend₹4.35 / share4 Sep 2023
Dividend₹3 / share8 Feb 2022
Dividend₹1.1 / share8 Feb 2021
Dividend₹0.7 / share5 Mar 2020
Who owns it · 2026-06-30
No pledge
Promoter
55.9%
FII / Foreign
12.8%
DII / Domestic
5.5%
Retail / others
24.4%
Promoter stake down 10.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldGravita Employee Welfare Trust · Trust1,400 · ₹25.4 L1 Sep 26
SoldGravita Employee Welfare Trust · Trust2,062 · ₹37.6 L28 Aug 26
SoldGravita Employee Welfare Trust · Trust3,596 · ₹66.2 L25 Aug 26
Bulk / block deals
short · NSE37 Sep 26
short · NSE13 Sep 26
short · NSE3927 Jul 26
Stake changes
SoldRajat Agrawal · promoter→ 32.38% · 25.00 L23 May 25
SoldRajat Agrawal · promoter→ 38.24% · 14.00 L21 Jun 24
SoldRajat Agrawal · promoter→ 40.27% · 7.50 L3 May 24
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 6 Mar 2026
See the official result
1
APPOINTMENT OF MR. BHUPENDRA KUMAR DAK (DIN: 06881403) AS A NON-EXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY
Backed by 97% of shareholders other than promotersneeded 75%
97.22 L votes for, 2.70 L against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 55.9% between them · as of 2026-06-30
RAJAT AGRAWAL32.38%
Rajat Agrawal Trustee of Agrawal Family Private Trust23.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,000 cr raised in Dec 2024 by selling shares to large investors

As of Mar 2026, the company says it has spent 9% of what it set aside, leaving ₹891 cr still to be spent. ICRA Limited watches the spending on the exchange’s behalf.

Repayment / pre-payment, in part or in full, of certain outstanding borrowings availed by our Company and/or one of our Subsidiaries
17%
₹91 cr of ₹530 cr
Funding working capital requirements of the Company
0%
₹0 cr of ₹250 cr
General corporate purposes
0%
₹0 cr of ₹201 cr
Spent by quarter: 49%74%5%12%9% (to Mar 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.