Introduction:
An Indian recycling company has achieved remarkable growth, delivering a 896.% return in three years. Its strong market position highlights its potential in the non-ferrous metals industry, offering great investment prospects in the expanding recycling sector.
Share price movement:
As of November 14, 2024, Gravita India Ltd’s stock opened at ₹2,150.25 and reached an intraday high of ₹2,180.00. It touched a low of ₹2,085.00 before closing at ₹2,098.45, reflecting cautious trading amid market volatility.
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Massive Growth in Recycling Stock:
A waste management stock has experienced exceptional growth, turning a ₹10,000 investment into ₹1,04,900 in just three years. The stock, which surged from ₹49.20 to ₹2,106, has delivered an impressive 10.49% return annually, reflecting its strong performance in the sustainable waste management sector.
This company’s remarkable performance underscores its significant role in the non-ferrous metals sector, positioning it as a key player in recycling and value creation. Its growth trajectory highlights exceptional investment opportunities within India’s rapidly expanding recycling industry.
Recent news on Gravita India Ltd:
Gravita India Ltd. reported a 10.9% increase in revenue to ₹927.42 crore for Q2, compared to ₹836.18 crore last year. Net profit rose 22% to ₹71.92 crore. However, EBITDA declined by 13%, and margins fell to 6.8% from 8.7% YoY.
Recently, the company also announced further investments through its subsidiary Gravita Netherlands BV, which will acquire additional shares in Navam Lanka Limited.
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Stock performance of Gravita India Ltd:
Gravita India Ltd.’s stock has shown a mixed performance over different time frames. In the past week, the stock declined by 6%, reflecting short-term volatility.
However, it delivered an outstanding 121.84% return over the last six months, showcasing strong growth. Over the past year, the stock still managed a solid 84.15% gain, highlighting the company’s strong position in the market despite recent fluctuations.
Shareholding pattern:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 63.40% | 63.40% | 66.50% |
| FII | 14.00% | 13.40% | 11.10% |
| DII | 3.20% | 2.60% | 0.40% |
| Public | 18.00% | 19.20% | 20.60% |
About the company:
Gravita India Ltd, established in 1992, is a prominent recycling company specializing in Lead, Aluminum, Plastic, and Rubber recycling, along with Turnkey solutions. Operating 11 global plants, it recycled ~3,02,859 MT in FY24, with 45% revenue from value-added products and 38% from exports.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
