| Revenue growth | Flat YoY in Q3 at ₹1,017cr; 9M FY26 grew 9%. |
|---|---|
| Margins | EBITDA margins strong at 11.41%; lead margins ₹19-20/kg guided. |
| Demand visibility | Strong domestic scrap availability driven by BWMR and EPR frameworks. |
| Management confidence | High; confident in meeting FY2026 expansion and Vision 2029 targets. |
Growth
9M FY26: Revenue +9%, EBITDA +15%, PAT +32% YoY. Q3 PAT margins steady at 9.60%.
Outlook
Targeting 25% volume CAGR, 35% profit growth, and 7L MTPA capacity by FY28. Earmarked ₹1,225cr CAPEX.
Risks
Minor delays in Gujarat/Mundra capacity approvals; temporary aluminum scrap tightness due to high metal prices.
Last quarter's promises, checked
Delivered
- Guided lead EBITDA ₹19-20/kg → delivered ₹23,043/MT (= BEAT)
- Guided 25% revenue CAGR → delivered 5-year 25% CAGR (= BEAT)
- Guided 10% EBITDA margin → delivered 10.6% (= BEAT)
Partly delivered
- Guided 20-25% volume growth → delivered 5% YoY (= PARTIAL)
- Guided Vision 2029 non-lead mix 50% → delivered 42% (= PARTIAL)
Missed
- Guided aluminum EBITDA ₹14-15/kg → delivered ₹12,328/MT (= MISS)
- Guided Q4 Mundra/Jaipur capacity → delayed to Q1 FY27 (= MISS)
Earnings Call filed with NSE, NSE: GRAVITA. Summary written with AI assistance from the document.
Gravita India Ltd: key numbers
- Share price
- ₹1,495.40
- Market cap
- ₹11,037 Cr
- Revenue (annual)
- ₹4,265 Cr
- Net profit (annual)
- ₹378.8 Cr
- P/E (TTM)
- 28.2×Sector 19.0×
- Promoter holding
- 55.88%+0.00% QoQ
- FII holding
- 12.86%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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