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Gravita India (GRAVITA)₹1,497−0.61%Industrial Minerals
In the Sep 2026 quarter (consolidated), Gravita India reported sales of ₹1,427 Cr, up 37.7% from Sep 2025, and net profit of ₹102 Cr, up 6.3% year on year. For the year to Mar 2026, sales were ₹4,263 Cr and net profit ₹377 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 757 | 863 | 908 | 927 | 995 | 1,037 | 1,040 | 1,036 | 1,016 | 1,173 | 1,474 | 1,427 |
| Expenses | 677 | 791 | 820 | 865 | 917 | 945 | 940 | 933 | 898 | 1,060 | 1,365 | 1,293 |
| Operating Profit | 80.07 | 72.11 | 88.05 | 63.03 | 81.05 | 92.02 | 101 | 102 | 120 | 113 | 110 | 134 |
| OPM % | 10.9% | 7.9% | 10.0% | 7.0% | 8.0% | 8.9% | 9.9% | 10.0% | 11.9% | 9.9% | 7.0% | 8.9% |
| Other Income | 15.04 | 25.05 | 7.02 | 40.13 | 29.09 | 36.08 | 30.09 | 26.06 | 12.03 | 9.03 | 48.13 | 18.04 |
| Interest | 13.06 | 12.05 | 13.04 | 12.04 | 13.05 | 6.02 | 6.02 | 8.03 | 7.03 | 4.01 | 11.05 | 14.05 |
| Depreciation | 8.96 | 11.95 | 6.97 | 6.98 | 7.97 | 7.97 | 8.97 | 8.97 | 9.96 | 10.96 | 13.95 | 13.94 |
| Profit before tax | 74.05 | 71.96 | 75.05 | 84.96 | 89.05 | 115 | 116 | 111 | 115 | 106 | 131 | 124 |
| Tax % | 17.0% | 4.0% | 8.9% | 14.9% | 12.0% | 17.0% | 19.9% | 13.9% | 15.0% | 13.0% | 18.9% | 17.9% |
| Net Profit | 60.94 | 68.93 | 67.89 | 71.86 | 77.86 | 94.90 | 92.79 | 95.87 | 96.90 | 91.81 | 106 | 102 |
| EPS (Rs) | 8.71 | 9.97 | 9.74 | 10.40 | 10.54 | 12.85 | 12.61 | 12.99 | 13.19 | 12.42 | 14.38 | 13.79 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 429 | 654 | 1,017 | 1,241 | 1,347 | 1,410 | 2,217 | 2,800 | 3,161 | 3,870 | 4,263 | 5,090 |
| Expenses | 412 | 596 | 927 | 1,181 | 1,240 | 1,289 | 1,999 | 2,597 | 2,874 | 3,541 | 3,825 | 4,616 |
| Operating Profit | 17.99 | 59.03 | 92.02 | 62.01 | 109 | 121 | 217 | 207 | 287 | 328 | 439 | 477 |
| OPM % | 4.3% | 8.9% | 9.0% | 5.0% | 8.0% | 8.9% | 9.9% | 7.0% | 8.9% | 7.9% | 9.9% | 9.4% |
| Other Income | 3.01 | 1.01 | 2.01 | 5.01 | −12.03 | 1.01 | 6.01 | 88.22 | 76.15 | 111 | 75.22 | 87.23 |
| Interest | 9.04 | 11.04 | 20.07 | 26.11 | 31.12 | 31.12 | 38.17 | 44.18 | 52.22 | 46.19 | 27.09 | 36.14 |
| Depreciation | 6.97 | 5.98 | 8.96 | 11.95 | 17.94 | 19.93 | 20.92 | 23.93 | 37.83 | 28.89 | 38.85 | 48.81 |
| Profit before tax | 6.01 | 44.01 | 63.99 | 30.02 | 47.02 | 71.01 | 165 | 228 | 274 | 363 | 448 | 476 |
| Tax % | 8.0% | 18.9% | 25.9% | 34.0% | 21.9% | 19.9% | 10.0% | 10.0% | 11.9% | 14.0% | 16.0% | — |
| Exceptional items | −0.99 | −0.99 | 0.00 | 0.00 | −9.99 | −4.99 | −0.99 | −3.99 | −0.99 | 5.99 | 28.99 | — |
| Net Profit | 4.99 | 34.94 | 47.94 | 18.97 | 36.92 | 56.87 | 148 | 204 | 242 | 313 | 377 | 396 |
| EPS (Rs) | 0.63 | 4.77 | 6.40 | 2.24 | 4.80 | 7.59 | 20.15 | 29.07 | 34.59 | 42.19 | 51.19 | 53.78 |
| Dividend payout % | 30.9% | 12.9% | 10.9% | 12.9% | 15.0% | 14.0% | 14.9% | 14.9% | 15.0% | 14.9% | 12.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.03 | 14.04 | 14.05 | 14.04 | 14.04 | 14.05 | 14.04 | 14.04 | 14.02 | 14.04 | 15.05 | 15.04 |
| Reserves | 102 | 105 | 136 | 176 | 186 | 211 | 255 | 373 | 575 | 825 | 2,059 | 2,440 |
| Borrowings | 103 | 99.23 | 166 | 233 | 251 | 280 | 262 | 393 | 349 | 549 | 287 | 738 |
| Other Liabilities | 31.15 | 22.11 | 39.19 | 70.34 | 124 | 111 | 197 | 220 | 269 | 218 | 160 | 230 |
| Total Liabilities | 251 | 240 | 356 | 493 | 574 | 615 | 728 | 1,001 | 1,207 | 1,605 | 2,520 | 3,423 |
| Fixed Assets | 54.18 | 54.18 | 68.25 | 109 | 138 | 183 | 173 | 192 | 274 | 349 | 438 | 943 |
| CWIP | 6.01 | 14.99 | 32.01 | 24.03 | 46.07 | 15.01 | 13.01 | 42.04 | 46.05 | 43.02 | 39.05 | 48.07 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 15.97 | 527 | 413 |
| Other Assets | 190 | 170 | 255 | 359 | 391 | 419 | 541 | 766 | 886 | 1,196 | 1,516 | 2,020 |
| Inventories | 88.82 | 74.85 | 109 | 158 | 183 | 223 | 357 | 512 | 595 | 673 | 616 | 1,020 |
| Trade receivables | 26.96 | 29.93 | 59.88 | 113 | 95.76 | 67.87 | 58.85 | 110 | 137 | 264 | 274 | 430 |
| Cash & equivalents | 7.01 | 13.03 | 18.06 | 17.04 | 22.04 | 20.06 | 20.06 | 33.06 | 38.08 | 99.26 | 408 | 203 |
| Total Assets | 251 | 240 | 356 | 493 | 574 | 615 | 728 | 1,001 | 1,207 | 1,605 | 2,520 | 3,423 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | 28.96 | 0.99 | −2.99 | 88.86 | 33.92 | 76.83 | 9.98 | 200 | 41.91 | 281 | 169 |
| Cash from investing activity | −1.99 | −9.98 | −48.92 | −41.94 | −65.81 | −13.98 | −18.97 | −68.82 | −105 | −158 | −862 | −360 |
| Cash from financing activity | 5.98 | −16.94 | 48.88 | 39.88 | −16.94 | −20.94 | −56.85 | 71.76 | −86.77 | 121 | 638 | 177 |
| Net cash flow | 2.99 | 1.99 | 1.99 | −3.99 | 5.99 | −1.99 | 0.99 | 11.98 | 6.99 | 4.99 | 58.91 | −13.98 |
| Capex | 5.01 | 19.05 | 47.10 | 41.10 | 68.12 | 15.04 | 21.03 | 73.16 | 108 | 98.22 | 107 | 217 |
| Free cash flow | −4.01 | 15.04 | −46.15 | −42.14 | 21.05 | 19.05 | 55.12 | −61.16 | 93.19 | −56.18 | 175 | −46.12 |
| CFO / OP % | 5.0% | 164.0% | 6.0% | 9.0% | 164.0% | 41.0% | 73.0% | 11.0% | 108.0% | 32.0% | 101.0% | 53.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 20 | 26 | 35 | 42 | 29 | 19 | 16 | 19 | 19 | 32 | 27 | 38 |
| Inventory days | 80 | 76 | 76 | 71 | 63 | 74 | 114 | 106 | 94 | 95 | 70 | 108 |
| Days payable | 12 | 8 | 10 | 21 | 35 | 29 | 44 | 7 | 14 | 10 | 5 | 7 |
| Cash conversion cycle | 88 | 94 | 101 | 91 | 58 | 65 | 87 | 119 | 99 | 117 | 92 | 139 |
| Working capital days | 33 | 34 | 23 | 17 | 3 | 15 | 31 | 39 | 42 | 65 | 77 | 81 |
| ROCE % | 9.0% | 7.0% | 20.0% | 22.9% | 13.0% | 19.0% | 21.0% | 31.0% | 32.0% | 28.0% | 21.9% | 16.0% |
For the Sep 2026 quarter, Gravita India reported sales of ₹1,427 Cr, up 37.7% year on year and net profit of ₹102 Cr, up 6.3% year on year. The operating margin was 8.9%.
Gravita India's sales for the year to Mar 2026 were ₹4,263 Cr; over the last twelve months they were ₹5,090 Cr.
Net profit for the year to Mar 2026 was ₹377 Cr, and ₹396 Cr over the last twelve months. Earnings per share over the same trailing period were ₹53.78.
Gravita India reported borrowings of ₹738 Cr at Mar 2026, against cash and equivalents of ₹203 Cr.
Cash from operations was ₹169 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹46.12 Cr.