STOCK REVIEW- GRAVITA INDIA LTD
BRIEF: One of the largest lead producers and recyclers of non-ferrous metal in India, it has diversified into manufacturing, international trade, and turnkey solution in non-ferrous metal. The company is eyeing new recycling verticals by 2025
- E-WASTE
- LITHIUM
- RUBBER
- COPPER AND
- PAPER
Gravita has pan India presence and enjoys the logistic benefits, currently, the company serves 200+ domestic and 60+ overseas customers in 20 countries
COMPANY’S STRONG PARTNERING CAPABILITY WITH:
- SCHNEIDER ELECTRIC
- LUMINOUS
- PANASONIC
- TATA
- KEI
- KEC
- EXIDE
- AMARARAJA AND MANY MORE
COMPANY PROFILE
|
MARKET CAP(Cr) |
1900 |
|
CURRENT PRICE |
₹285 |
|
52 WEEKS HIGH/LOW |
₹400/103 |
|
ROCE: |
30.7% |
|
ROE: |
42.2% |
|
STOCK PE: |
14.8 |
|
INDUSTRY PE: |
18.95 |
FINANCIAL Q-Q (₹ in Cr)
|
|
Sep 2021 |
Dec 2021 |
Mar 2022 |
|
SALES |
546 |
557 |
666 |
|
OPERATING PROFIT |
50 |
54 |
70 |
|
PBT (PROFIT BEFORE-TAX) |
42 |
46 |
49 |
|
NET PROFIT |
37 |
39 |
41 |
There has been a substantial increment in the sales reason being increase in installed capacity, and net profit has significant increase is due to an increase in sales and reduction of debt.
SHAREHOLDING PATTERN Q-Q
|
HOLDINGS |
Sep 2021 |
Dec 2021 |
Mar 2022 |
|
PROMOTES & GROUP |
73 % |
73 % |
73 % |
|
FII |
-- |
-- |
-- |
|
DII AND OTHER INSTITUTION |
27 % |
27 % |
27 % |
**NOTE: BRICKWORKS HAS UPGRADED THE CREDIT RATING FOR GRAVITA INDIA FROM “BWRA-” (BRICKWORK A NEGATIVE) TO “BWRA” (BRICKWORK A POSITIVE)
TECHNICAL NOTES: GRAVITA INDIA
- Long term trend: cyclical and sideways since 2013
- Intermediate-term trend: uptrend
- Short term trend: uptrend
Stock is trading above multi-year breakout, looking at fundamental structure company is shaping up, expanding in new areas and verticals, company has been paying a periodically healthy dividend, company’s strong presence and partnering capabilities have uplifted the order book of the company.
The company has increased its installed capacity and also improved its margin and also putting efforts to reduce its debt.
- Cmp ₹285 as on 11th June ’2022
- Stock support- ₹200-180
- Stock is trading at its all-time high
Looking at the technical structure any dip in this stock is buying opportunity as the stock is trading at an all-time high.
Note: always use stop loss to safeguard your portfolio and wealth.
Review report prepared by;
Kunnj Lalka
RECENT REPORT ON GRAVITA INDIA- CLICK ON THE BELOW LINK:
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