Gravita India

** Shares of metals and plastics recycling company Gravita India GRAI.NS fell as much as 5.1% to 1,706.60 rupees, last down 1.8%

** Stock set to snap four session winning streak

** Co's consolidated net profit in the March quarter fell 3.4% year-on-year to 981.8 million rupees ($10.40 million)

** Q4 rev from ops rises 13.1% Y/Y

** Stock rated "strong buy" on an avg by 9 analysts covering it, median PT of 2,045 rupees - data from LSEG shows

** GRAI shares are down 5% in 2026 so far

($1 = 94.4250 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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May 7 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA INDIA LTD MARCH-QUARTER CONSOL NET PROFIT 918.8 MILLION RUPEES

• GRAVITA INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.73 BILLION RUPEES

Source text: [ID:]

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Feb 25 (Reuters) - Gravita India Ltd GRAI.NS:

• INCREASES CAPACITY AT MUNDRA RECYCLING UNIT

• LEAD RECYCLING CAPACITY INCREASED TO 145,100 MTPA

Source text: ID:nNSE2QWQtR

Further company coverage: GRAI.NS

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Feb 9 (Reuters) - Gravita India Ltd GRAI.NS:

• TO BUY RASHTRIYA METAL INDUSTRIES FOR 5.65 BILLION RUPEES

• ENTERING COPPER RECYCLING BUSINESS

Source text: ID:nBSE4r1VP2

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Jan 21 (Reuters) - Gravita India Ltd GRAI.NS:

• DEC-QUARTER CONSOL NET PROFIT 976.7 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.17 BILLION RUPEES

Source text: ID:nnAZN4S2710

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June 24 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA INDIA LTD - ANNOUNCES VOLUNTARY CLOSURE OF GRAVITA USA INC.

Source text: ID:nBSE1LX7Lc

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** Shares of Gravita India GRAI.NS rise 3.6% to 1,892 rupees apiece

** Rise in shares of GRAI, which is involved in recycling lead, lead products, aluminium and plastic, comes after a government document shows that an incentive scheme for recycling critical minerals in its final stages

** The scheme, which will also include lithium-ion batteries, will give capex subsidy to eligible recyclers, according to a mines ministry government document

** GRAI on course to snap a three-session losing streak

** GRAI shares are down 16% in 2025 so far, underperforming the 3.4% rise in the Nifty 500 index .NIFTY500

(Reporting by Bharath Rajeswaran in Bengaluru)

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June 2 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA INDIA LTD -UNIT RECEIVES INCOME-TAX DEMAND ORDER OF 41 MILLION RUPEES

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March 27 (Reuters) - Gravita India Ltd GRAI.NS:

• RECEIVES TAX DEMAND NOTICE OF 414.9 MILLION RUPEES

Source text: ID:nBSE5lymqY

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Jan 22 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA INDIA LTD - YOGESH MALHOTRA RE-APPOINTED AS CEO

Source text: ID:nBSE3qYRLz

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** Shares of aluminum processing company Gravita India GRAI.NS rise 3.2% to 2,247 rupees

** Co's Ghana unit starts commercial production of recycled aluminum alloys from its new recycling plant

** Co plans to raise capacity of plant from 4,000 million tonnes per annum (MTPA) to 8,000 MTPA

** Analysts' avg rating on stock is "strong buy;" median PT is 3,032.5 rupees - LSEG data

** Stock rose 98% in 2024

(Reporting by Aleef Jahan in Bengaluru)

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Jan 1 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA INDIA LTD - SUBSIDIARY STARTS COMMERCIAL PRODUCTION OF RECYCLED ALUMINUM ALLOYS IN GHANA

• GRAVITA INDIA LTD - PLANS TO INCREASE GHANA PLANT CAPACITY TO 8,000 MTPA

Source text: ID:nBSE75qsCy

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Dec 16 (Reuters) - Gravita India Ltd GRAI.NS:

• APPROVES FLOOR PRICE FOR QIP AT 2,206.49 RUPEES/SHARE

Source text: [ID:]

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Sept 27 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA INDIA LTD - TO CONSIDER FUND RAISING PROPOSAL

Source text for Eikon: ID:nBSE2ZMcJH

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** Shares of metals processing company Gravita India GRAI.NS up 6.3% at 2,477.55 rupees

** Emkay Research raises price target on stock to 2,700 rupees apiece from 1,650 rupees, keeps "Buy" rating

** New PT at 16% premium on last close

** Emkay's PT is highest among five brokerages covering the stock - LSEG data

** Avg rating on stock is "Buy" - LSEG

** Emkay upbeat on GRAI's scrap procurement business, citing interaction with co's management

** Says India's GST council's reverse charge mechanism (RCM) is a catalyst of growth for GRAI and is playing out sooner than expected

** Emkay says RCM implementation would mean formalisation of the unorganised sector which is 65% of the industry; this bodes well for GRAI as it can now tap into larger opportunities

** Under RCM, GST on supply of scrap is payable by the buyer instead of supplier

** Stock up 126% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Gravita India GRAI.NS up as much as 9.9% to a record high of 1,990 rupees, last up 8.1%

** Brokerage Motilal Oswal initiates coverage on stock with "Buy", PT of 2,350 rupees

** Motilal's PT on stock is the highest among 5 brokerages covering the stock, per LSEG data

** Co's lead recycling business is expected to sustain strong rev growth momentum, fueled by favorable regulatory changes, formalization of sector - MO

** Sees aluminium and plastic business to report higher compound annual growth rate

** Analysts' avg rating on stock is "Buy", median PT is 1,710 rupees, a 5.6% discount on last close

** Including session's gains, stock up 78% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Gravita India GRAI.NS gain 8.5% to 1,445 rupees, sees biggest one-day gain in over a month

** The metal and lead recycling firm's Q1 consol profit, rev from ops jumped about 29% Y/Y each

** Including session's gains, stock up 32% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

July 18 (Reuters) - Gravita India Ltd GRAI.NS:

• UNIT IN JAMAICA HAS BEEN CLOSED

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April 30 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA INDIA MARCH-QUARTER CONSOL NET PROFIT 689.8 MILLION RUPEES VERSUS 638.1 MILLION RUPEES

• GRAVITA INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 8.63 BILLION RUPEES VERSUS 7.49 BILLION RUPEES

Source text for Eikon: ID:nNSEP9WZb

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March 28 (Reuters) - Gravita India Ltd GRAI.NS:

• APPROVED RE-APPOINTMENT OF MAHAVIR PRASAD AGARWAL AS CHAIRMAN

Source text for Eikon: ID:nBSE3Nck4C

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** Shares of metal and lead recycling company Gravita India GRAI.NS rise as much as 13.1% to 1,045.85 rupees

** Kotak Institutional Equities initiates coverage with "buy" rating and fair value of 1,200 rupees

** Says, GRAI poised to benefit from higher scrap availability and reduced costs as the lead recycling industry formalises

** Expects revenue and profit to grow at CAGR of 20% and 22%, respectively, over next three years, with a high return on capital employed (ROCE) of more than 20%

** Risks include commodity price volatility, regulatory changes affecting scrap, and competition from battery OEMs in recycling

** Stock eyes second straight month of gains; on track for a fourth consecutive session of gains, if trends hold

** Brokerages Antique Stock Broking and Emkay Global both rate the stock as "buy," with PT of 1,410 rupees and 1,325 rupees, respectively

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Jan 23 (Reuters) - Gravita India Ltd GRAI.NS:

• DEC-QUARTER CONSOL NET PROFIT 602.7 MILLION RUPEES VERSUS 502 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.58 BILLION RUPEES VERSUS 7.89 BILLION RUPEES

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Dec 7 (Reuters) - Gravita India Ltd GRAI.NS:

• UNIT IN TANZANIA, EAST AFRICA STARTED COMMERCIAL PRODUCTION OF RECYCLED POLYPROPYLENE GRANULES

• PRODUCTION FROM NEW PLASTIC RECYCLING PLANT HAVING AN ANNUAL CAPACITY OF AROUND 1,800 MTPA

• MADE INVESTMENT OF ABOUT 22.5 MILLION RUPEES FOR PROCUREMENT AND COMMISSIONING OF RECYCLING PLANT

Source text for Eikon: ID:nBSEbJvQy5

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** Shares of Gravita India GRAI.NS rise as much as 8.5% to a record high of 1,080 rupees

** GRAI on Tuesday reported a 30% rise in its Q2 consolidated net profit to 578.6 mln rupees ($6.95 mln)

** Revenue from operations rose to 8.63 bln rupees from 6.83 billion rupees a year ago

** Gravita is primarily engaged in making lead and lead-alloy products; also has a turn-key solution segment involved in supplying machinery to lead manufacturers

** Gravita stock up ~135%, YTD

($1 = 83.2740 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

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Oct 31 (Reuters) - Gravita India Ltd GRAI.NS:

• SEPT-QUARTER CONSOL NET PROFIT 578.6 MILLION RUPEES VERSUS 445.7 MILLION RUPEES YEAR AGO

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.36 BILLION RUPEES VERSUS 6.83 BILLION RUPEES YEAR AGO

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Aug 29 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA STARTS BATTERY RECYCLING IN TOGO

• UNIT STARTED COMMERCIAL PRODUCTION OF LEAD FROM ITS RECYCLING PLANT WITH ANNUAL CAPACITY OF 6,000 MTPA

Source text for Eikon: ID:nBSE63CkkK

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July 24 (Reuters) - Gravita India Ltd GRAI.NS:

• JUNE-QUARTER CONSOL NET PROFIT 520.8 MILLION RUPEES VERSUS 425.2 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.03 BILLION RUPEES VERSUS 5.8 BILLION RUPEES

Source text for Eikon: ID:nBSEbs3MWQ

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July 18 (Reuters) - Gravita India Ltd GRAI.NS:

• GRAVITA’S PURE LEAD EMPANELED WITH MULTI COMMODITY EXCHANGE OF INDIA

Source text for Eikon: ID:nNSE9Lcy3D

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June 16 (Reuters) - Gravita India Ltd GRAI.NS:

• MUNDRA PLANT OF CO HAS BEEN IMPACTED DUE TO CYCLONE BIPARJOY

• COMPANY OPERATIONS WERE ALREADY SUSPENDED AS PRECAUTIONARY MEASURE

• CYCLONE HAS DAMAGED SOME PARTS OF PLANT

• OPERATIONS OF SAID PLANT HAS BEEN SUSPENDED FOR FEW DAYS

• COMPANY HAS FULL INSURANCE COVERAGE FOR PLANT

Source text for Eikon: ID:nBSE1plKRl

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May 24 (Reuters) - Gravita India Ltd GRAI.NS:

• STARTED COMMERCIAL PRODUCTION OF RUBBER RECYCLING IN TANZANIA, EAST AFRICA GRAVITA INDIA

• INCURRED CAPITAL EXPENDITURE OF 38.6 MILLION RUPEES FOR SETTING UP OF FACILITY IN PHASE-1

• CAPITAL EXPENDITURE FUNDED THROUGH INTERNAL ACCRUALS

• COMMERCIAL PRODUCTION AND RECYCLING OF WASTE RUBBER WITH AN ANNUAL CAPACITY OF AROUND 3,000 MTPA IN PHASE-1

• GROUP HAS PLANS TO INCREASE SAID CAPACITY TO 6,000 MTPA

Source text for Eikon: ID:nBSE5tzxhK

Further company coverage: GRAI.NS

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