Gravita India: Stock Surges 4725% in Five Years, Q4 Profit Jumps 38%
Gravita India Ltd, a global recycling industry leader, reported a 38% increase in Q4 net profit to Rs 95.00 crore. The company's stock has risen nearly 5000% over the past five years. Gravita plans to invest Rs 2,500.00 crore over the next four years and targets a 25% CAGR in volumes. Analysts maintain a 'buy' rating with an average 12-month price target of Rs 2,438.67.
04Jun 25
Gravita India to Meet with ValueQuest Investment Advisors
Gravita India, a recycling industry leader, has scheduled a meeting with ValueQuest Investment Advisors for June 12. ValueQuest manages assets worth ₹17,075.00 crore. The meeting's specific agenda is undisclosed but could involve discussions on Gravita's business strategies, financial performance, and growth plans. This engagement suggests potential institutional investor interest in Gravita India.
05May 25
Gravita India Reports Robust Q4 Performance with 38% Surge in Net Profit and Declares Dividend
Gravita India, a leading recycling company, announced strong Q4 FY2024 results with a 38% increase in net profit to ₹95.00 crore. Revenue grew by 20.2% to ₹1,037.00 crore, while EBITDA rose 27.8% to ₹92.00 crore. The company's board declared an interim dividend of ₹6.35 per equity share for FY2025, with the record date set for May 8.
02May 25
Gravita India Reports Robust Q4 FY2025 Results with Significant Growth and Announces Final Dividend
Gravita India Limited reported impressive financial results for Q4 and FY2025. Q4 revenue increased by 19.34% to ₹860.29 crore, with net profit jumping to ₹95.10 crore. For FY2025, annual revenue grew 20.29% to ₹3,222.77 crore, with net profit rising 8.08% to ₹194.13 crore. The company successfully raised ₹1,000 crore through a QIP and expanded internationally by acquiring a rubber recycling business in Romania. The Board approved an interim dividend of ₹6.35 per share and recommended a final dividend of ₹6.35 per share for FY2025.
27Mar 25
Gravita India Expands European Footprint with ₹400 Million Rubber Recycling Plant Acquisition
Gravita India has acquired a rubber recycling plant in Europe for approximately ₹400 million, expanding its presence in the European market. The company's long-term credit rating has been upgraded to [ICRA]AA- (Stable) from [ICRA]A+ (Stable) by ICRA Limited. Gravita has also received a tax demand notice of ₹41.49 crore for the Assessment Year 2022-23, which it plans to appeal.