Gravita India Ltd., headquartered in Jaipur, Rajasthan, is a pioneering recycling company that has emerged as a leader in sustainable resource recovery. Established in 1992 by Rajat Agrawal, the company specializes in recycling lead, plastic, and aluminium, offering innovative turnkey solutions for lead battery and non-ferrous metal recycling. With operations spanning over 70 countries and customers in more than 38 nations, Gravita has built a robust global presence, supported by manufacturing facilities across India and international locations such as Ghana, Mozambique, Togo, Senegal, Tanzania, and Sri Lanka. The company is renowned for its commitment to innovation, sustainability, and excellence, continuously investing in research and development to enhance recycling processes and technologies, ensuring minimal environmental impact while maximizing resource recovery. Gravita’s dedication to corporate social responsibility is reflected in initiatives that promote environmental awareness and support local communities, working collaboratively with governmental and non-governmental organizations to advance sustainable development. By integrating advanced practices and ethical values, Gravita India Ltd. exemplifies how businesses can contribute significantly to the circular economy while upholding high standards of environmental and social responsibility.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 66.48% | 66.48% | 63.37% | 63.37% | 59.27% |
| FIIs + | 10.58% | 11.08% | 13.40% | 14.01% | 14.12% |
| DIIs + | 0.43% | 0.43% | 2.61% | 3.21% | 5.41% |
| Public + | 21.06% | 20.56% | 19.18% | 17.95% | 19.83% |
| Others + | 1.45% | 1.45% | 1.45% | 1.45% | 1.35% |
| No. of Shareholders | 81,524 | 75,335 | 75,740 | 97,869 | 1,25,894 |
The shareholding pattern of Gravita India Ltd. showcases notable trends in ownership distribution over the year ending December 2024. The promoters’ shareholding, which stood steady at 66.48% in December 2023 and March 2024, experienced a decline to 63.37% by June and September 2024, further reducing to 59.27% by December 2024. Foreign Institutional Investors (FIIs) increased their stake progressively, rising from 10.58% in December 2023 to 14.12% by December 2024, reflecting growing international interest in Gravita India. Domestic Institutional Investors (DIIs) also significantly raised their shareholding, from a mere 0.43% in December 2023 and March 2024 to 5.41% by December 2024, highlighting increased domestic institutional confidence in the company.
Public shareholding, while showing slight fluctuations, declined overall from 21.06% in December 2023 to 17.95% by September 2024 before rising to 19.83% by December 2024. Other investors maintained a stable share at 1.45% through most of the year, slightly decreasing to 1.35% in December 2024. Additionally, the number of shareholders surged significantly from 81,524 in December 2023 to an impressive 1,25,894 by December 2024, underlining growing investor interest and participation in Gravita India Ltd.
Below are the trading platforms that you can use to purchase Gravita India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2025 | 1,572.77 | 1,209.82 |
| April 2025 | 1,557.20 | 1,197.84 |
| May 2025 | 1,511.84 | 1,162.96 |
| June 2025 | 1,579.87 | 1,215.29 |
| July 2025 | 1,548.90 | 1,191.46 |
| August 2025 | 1,596.80 | 1,228.31 |
| September 2025 | 1,615.96 | 1,243.05 |
| October 2025 | 1,657.98 | 1,275.37 |
| November 2025 | 1,699.43 | 1,307.25 |
| December 2025 | 1,775.90 | 1,366.08 |
As we move through 2025, the share prices of Gravita India are projected to exhibit steady growth. In March 2025, the maximum share price is expected to reach ₹1,572.77, while the minimum is likely to touch ₹1,209.82. By December 2025, the maximum share price is anticipated to climb to ₹1,775.90, with the minimum share price projected at ₹1,366.08.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,829.18 | 1,407.06 |
| February 2026 | 1,783.45 | 1,371.88 |
| March 2026 | 1,819.12 | 1,399.32 |
| April 2026 | 1,856.24 | 1,427.88 |
| May 2026 | 1,837.86 | 1,413.74 |
| June 2026 | 1,883.81 | 1,449.08 |
| July 2026 | 1,846.87 | 1,420.67 |
| August 2026 | 1,903.99 | 1,464.61 |
| September 2026 | 1,942.07 | 1,493.90 |
| October 2026 | 1,992.57 | 1,532.74 |
| November 2026 | 2,042.38 | 1,571.06 |
| December 2026 | 2,093.44 | 1,610.34 |
As we step into 2026, the share prices of Gravita India are anticipated to showcase consistent growth. In January 2026, the maximum share price is expected to reach ₹1,829.18, while the minimum is likely to touch ₹1,407.06. By December 2026, the maximum share price is projected to rise to ₹2,093.44, with the minimum share price estimated at ₹1,610.34.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,114.37 | 1,626.44 |
| February 2027 | 2,168.59 | 1,668.15 |
| March 2027 | 2,253.16 | 1,733.20 |
| April 2027 | 2,208.98 | 1,699.22 |
| May 2027 | 2,144.65 | 1,649.73 |
| June 2027 | 2,241.15 | 1,723.96 |
| July 2027 | 2,197.21 | 1,690.16 |
| August 2027 | 2,265.16 | 1,742.43 |
| September 2027 | 2,344.45 | 1,803.42 |
| October 2027 | 2,405.40 | 1,850.31 |
| November 2027 | 2,465.54 | 1,896.57 |
| December 2027 | 2,527.17 | 1,943.98 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,577.72 | 1,982.86 |
| February 2028 | 2,643.81 | 2,033.70 |
| March 2028 | 2,746.92 | 2,113.02 |
| April 2028 | 2,693.06 | 2,071.59 |
| May 2028 | 2,614.62 | 2,011.25 |
| June 2028 | 2,732.28 | 2,101.75 |
| July 2028 | 2,678.71 | 2,060.54 |
| August 2028 | 2,761.55 | 2,124.27 |
| September 2028 | 2,858.21 | 2,198.62 |
| October 2028 | 2,932.52 | 2,255.79 |
| November 2028 | 3,005.83 | 2,312.18 |
| December 2028 | 3,080.98 | 2,369.98 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,142.60 | 2,417.38 |
| February 2029 | 3,223.18 | 2,479.37 |
| March 2029 | 3,348.88 | 2,576.06 |
| April 2029 | 3,283.22 | 2,525.55 |
| May 2029 | 3,187.59 | 2,451.99 |
| June 2029 | 3,331.03 | 2,562.33 |
| July 2029 | 3,265.72 | 2,512.09 |
| August 2029 | 3,366.72 | 2,589.78 |
| September 2029 | 3,484.55 | 2,680.43 |
| October 2029 | 3,575.15 | 2,750.12 |
| November 2029 | 3,664.53 | 2,818.87 |
| December 2029 | 3,756.14 | 2,889.34 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,831.27 | 2,947.13 |
| February 2030 | 3,929.51 | 3,022.70 |
| March 2030 | 4,082.76 | 3,140.58 |
| April 2030 | 4,002.70 | 3,079.00 |
| May 2030 | 3,886.12 | 2,989.32 |
| June 2030 | 4,060.99 | 3,123.84 |
| July 2030 | 3,981.37 | 3,062.59 |
| August 2030 | 4,104.50 | 3,157.31 |
| September 2030 | 4,248.16 | 3,267.81 |
| October 2030 | 4,358.61 | 3,352.78 |
| November 2030 | 4,467.58 | 3,436.60 |
| December 2030 | 4,579.27 | 3,522.51 |
As we progress through 2030, the share prices of Gravita India are anticipated to demonstrate remarkable growth, reflecting the company’s strong market presence and investor trust. In January 2030, the maximum share price is expected to reach ₹3,831.27, while the minimum may stand at ₹2,947.13. Moving towards December 2030, the maximum share price is projected to soar to ₹4,579.27, with the minimum estimated at ₹3,522.51.
Financial Condition of Gravita India
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,348 | 1,410 | 2,216 | 2,801 | 3,161 | 3,695 |
| Expenses + | 1,239 | 1,288 | 1,998 | 2,594 | 2,873 | 3,391 |
| Operating Profit | 109 | 121 | 217 | 207 | 287 | 304 |
| OPM % | 8% | 9% | 10% | 7% | 9% | 8% |
| Other Income + | -12 | 1 | 6 | 88 | 76 | 101 |
| Interest | 31 | 31 | 38 | 44 | 52 | 50 |
| Depreciation | 18 | 20 | 21 | 24 | 38 | 34 |
| Profit before tax | 47 | 71 | 165 | 228 | 274 | 321 |
| Tax % | 22% | 20% | 10% | 10% | 12% | |
| Net Profit + | 37 | 57 | 148 | 204 | 242 | 287 |
| EPS in Rs | 4.81 | 7.6 | 20.19 | 29.13 | 34.65 | 40.73 |
| Dividend Payout % | 15% | 14% | 15% | 15% | 15% |
The financial performance of Gravita India over the years reflects steady growth and resilience in its operations. The company’s sales have shown a significant upward trend, growing from ₹1,348 crore in March 2020 to ₹3,161 crore in March 2024, with the trailing twelve months (TTM) indicating further growth at ₹3,695 crore. This growth is supported by effective cost management, as expenses have risen proportionately from ₹1,239 crore in March 2020 to ₹2,873 crore in March 2024, and ₹3,391 crore in TTM.
The operating profit of Gravita India has increased from ₹109 crore in March 2020 to ₹287 crore in March 2024, with an OPM% improving from 8% to 9% over the same period. The company has also benefited from rising other income, reaching ₹101 crore in TTM compared to a deficit of ₹12 crore in March 2020. Despite the higher interest and depreciation costs, the profit before tax has surged from ₹47 crore in March 2020 to ₹274 crore in March 2024, with TTM figures at ₹321 crore.
Gravita India has consistently delivered strong net profits, growing from ₹37 crore in March 2020 to ₹242 crore in March 2024, and reaching ₹287 crore in TTM. The earnings per share (EPS) have also risen sharply from ₹4.81 in March 2020 to ₹34.65 in March 2024, with TTM figures at ₹40.73. Additionally, the company has maintained a stable dividend payout ratio of approximately 15%, ensuring shareholder returns while reinvesting for growth. Overall, Gravita India continues to demonstrate robust financial health and growth momentum.
FAQS
What is Gravita India market capitalization as of the latest available data?
Gravita India holds a market capitalization of ₹10,770 crore.
Gravita India is expected to reach ₹1,775.90 by the end of 2025.
Gravita India is projected to trade in a range between ₹2,947.13 to ₹4,579.27 in 2030.
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Should one invest in Gravita India?
In conclusion, Gravita India Ltd. has established itself as a global leader in sustainable resource recovery through innovative recycling processes and a strong international presence. Its financial performance reflects consistent growth with rising sales, efficient cost management, and healthy profit margins. The shareholding pattern indicates increasing interest from institutional investors, underscoring market confidence. Looking ahead, share price projections for 2025 to 2030 suggest steady growth, highlighting the company’s potential for long-term value creation. With its focus on environmental sustainability, advanced recycling technologies, and corporate responsibility, Gravita India Ltd. is well-positioned to drive the circular economy while delivering robust returns to its stakeholders.
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