Established in 1992, Gravita India Ltd is one of the largest lead producers in India. The company has evolved from a single-product business to become a world-renowned multinational company with cutting-edge manufacturing and recycling units for lead metal & lead products, aluminum alloys, and plastic granules. Promoted by first-generation entrepreneur Mr. Rajat Agrawal, Gravita has grown to become one of the leading integrated recycling companies.
Gravita India Limited is a prominent player in the global recycling industry specializing in recycling of Lead, Aluminium, Plastic, and Rubber. As a publicly listed company on the BSE and NSE, our products and services offer unique solutions to customers. The company operates across multiple segments and has established itself as a key player in the sustainable recycling sector.
The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum recycling, Plastic recycling, and Turnkey projects. The Company's segments include Lead processing, Aluminum processing, Turn-key solutions, and Plastic manufacturing. The lead processing segment remains the flagship business, where smelting of lead battery scrap / lead concentrate to produce secondary lead metal, which is further transformed into pure lead, specific lead alloy, lead oxides, including lead sub-oxide, red lead and litharge, and lead products, such as lead sheets, lead powder, lead shot and others.
The company's diverse product portfolio includes Lead alloys, lead sheets, lead bricks, red lead, lead oxide, customized aluminum alloys, plastic granules, PET flakes (food grade), and tire oil. The company also has expertise in the recycling of used batteries, cable scrap/other Lead scrap, Aluminum scrap, Plastic scrap, etc.
Gravita India has established a substantial global footprint with network spread across 70+ countries and a customer network in 38+ countries. With customers in over 38 countries across Europe, America, Asia, and Africa, over 50% of our revenue comes from overseas markets. The company's manufacturing facilities are strategically located across multiple countries, with manufacturing facilities located in Jaipur (Rajasthan), Kathua (J&K), Mundra (Mundra), and Chittoor (AP) in India, as well as in Romania, Ghana, Mozambique, Togo, Senegal, Tanzania, and Sri Lanka.
#### Market Capitalization and Valuation
Gravita India Ltd has a market capitalization of ₹13,682 Crore as of July 2025, making it one of the significant players in the metals and mining sector. The company's stock has shown strong performance with its share price moving up by 29.16% on BSE in the last 12 months.
#### Revenue and Profitability Performance
The company has demonstrated strong financial performance in recent years. Sales rose 22.40% to ₹3,868.77 Crore in the year ended March 2025, as against ₹3,160.75 Crore during the previous year ended March 2024. For the full year, net profit rose 30.60% to ₹312.39 Crore in the year ended March 2025, as against ₹239.19 Crore during the previous year ended March 2024.
For the quarter ended March 2025 (Q4 FY25), the company reported strong results with sales rose 20.11% to ₹1,037.07 Crore in the quarter ended March 2025, as against ₹863.41 Crore during the previous quarter ended March 2024. Net profit rose 37.91% to ₹95.13 Crore in the quarter ended March 2025, as against ₹68.98 Crore during the previous quarter ended March 2024.
#### Key Financial Metrics
- Revenue Growth: Over the past 5 years, the revenue of GRAVITA INDIA has grown at a CAGR of 24.5%.
- Profit Growth: Company has delivered good profit growth of 49.2% CAGR over the last 5 years.
- Return on Equity: Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%.
- Net Profit Margin: Profit margin: 7.8% (up from 7.6% in FY 2024).
Gravita has delivered exceptional performance in the first nine months of FY25 and is progressing strongly towards achieving its Vision 2028. This vision includes expanding capacities across both existing and new verticals, with an expected compound annual growth rate (CAGR) of 25%+ in volume and 35%+ in profitability. The company targets 20-30% revenue growth and over 35% profitability growth by FY26, with a focus on lithium-ion battery recycling.
Promoter holding in Gravita India Ltd has gone down to 59.27% as of March 2025 from 63.37% as of September 2024. The company has received numerous recognitions for its excellence in operations and sustainability practices. Mr. Rajat Agrawal, Chairman and MD, received the prestigious Global Recycler of the Year award from MRAI during IMRC 2025.
"Gravita is more than just a material recycling company— we are champions of sustainability and and progress. As we expand our horizons and add new verticals to our impressive portfolio, we are proud to be leading the charge towards a cleaner, more sustainable future." The company is dedicated to recycling lead & lead products, plastic, and aluminum using environmentally friendly processes, as well as providing turnkey solutions.
Gravita India Limited stands as a testament to successful entrepreneurship and sustainable business practices in the recycling industry. With its strong financial performance, global presence, and commitment to environmental sustainability, the company is well-positioned to capitalize on the growing demand for recycled materials and continue its growth trajectory in the coming years.
