Financials Gravita India Limited

Equities

GRAVITA

INE024L01027

Specialty Mining & Metals

Market Closed - NSE India S.E. Other stock markets 07:43:52 2024-05-06 am EDT			5-day change	1st Jan Change
929.4 ^INR	-1.97%		-4.58%	-15.21%

May. 02	Transcript : Gravita India Limited, Q4 2024 Earnings Call, May 02, 2024
Apr. 30	Gravita India Limited Declares Interim Dividend for the Financial Year 2024-25, Payable on or Before 29 May, 2024	CI

Valuation

Fiscal Period: March	2019	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,579	6,182	21,498	32,790	64,143	-	-
Enterprise Value (EV) ¹	5,579	6,182	25,084	32,790	67,573	68,258	67,811
P/E ratio	36.1 x	11.7 x	15.4 x	16.3 x	28.6 x	21.1 x	16.9 x
Yield	0.37%	-	0.94%	0.9%	0.54%	0.69%	0.79%
Capitalization / Revenue	0.45 x	-	0.97 x	1.17 x	2.14 x	1.54 x	1.24 x
EV / Revenue	0.45 x	-	1.13 x	1.17 x	2.14 x	1.64 x	1.31 x
EV / EBITDA	8.7 x	-	11.9 x	16.6 x	23.8 x	16.3 x	13.1 x
EV / FCF	26.2 x	-	-39.9 x	35.7 x	106 x	-435 x	66.6 x
FCF Yield	3.81%	-	-2.5%	2.8%	0.95%	-0.23%	1.5%
Price to Book	2.8 x	-	5.67 x	5.57 x	8.3 x	5.96 x	4.62 x
Nbr of stocks (in thousands)	68,747	68,310	67,657	67,657	67,657	-	-
Reference price ²	81.15	90.50	317.8	484.6	948.0	948.0	948.0
Announcement Date	5/28/19	9/3/21	5/19/22	5/1/23	4/30/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2021	2022	2023	2024	2025	2026
Net sales ¹	12,417	-	22,159	28,006	31,608	41,572	51,623
EBITDA ¹	641.6	-	2,109	1,976	2,836	4,178	5,171
EBIT ¹	525.9	-	1,904	1,736	2,456	3,800	4,696
Operating Margin	4.24%	-	8.59%	6.2%	7.77%	9.14%	9.1%
Earnings before Tax (EBT) ¹	295.9	-	1,646	2,276	2,742	3,460	4,356
Net income ¹	154.9	524.8	1,394	2,011	2,392	3,028	3,760
Net margin	1.25%	-	6.29%	7.18%	7.57%	7.28%	7.28%
EPS ²	2.250	7.720	20.60	29.72	34.88	45.00	56.25
Free Cash Flow ¹	212.8	-	-628	919.2	632	-157	1,018
FCF margin	1.71%	-	-2.83%	3.28%	1.98%	-0.38%	1.97%
FCF Conversion (EBITDA)	33.17%	-	-	46.52%	18.83%	-	19.68%
FCF Conversion (Net income)	137.36%	-	-	45.71%	27.35%	-	27.06%
Dividend per Share ²	0.3000	-	3.000	4.350	5.133	6.500	7.533
Announcement Date	5/28/19	9/3/21	5/19/22	5/1/23	4/30/24	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2024 Q4
Net sales ¹	8,245
EBITDA ¹	803
EBIT ¹	713
Operating Margin	8.65%
Earnings before Tax (EBT) ¹	783
Net income ¹	672
Net margin	8.15%
EPS ²	9.700
Dividend per Share	-
Announcement Date	-

¹INR in Million²INR

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	3,586	-	2,719	4,116	3,668
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	1.7 x	-	0.8103 x	0.985 x	0.7094 x
Free Cash Flow ¹	213	-	-628	919	632	-157	1,018
ROE (net income / shareholders' equity)	7.97%	-	42.5%	41.2%	33.5%	30.5%	29.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	29.00	-	56.00	87.00	114.0	159.0	205.0
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	677	-	728	1,082	1,932	1,731	2,340
Capex / Sales	5.46%	-	3.29%	3.86%	6.04%	4.16%	4.53%
Announcement Date	5/28/19	9/3/21	5/19/22	5/1/23	4/30/24	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Gravita India Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

948 INR

Average target price

1,113 INR

Spread / Average Target

+17.37%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Nonferrous Metal Processing

	1st Jan change	Capi.
GRAVITA INDIA LIMITED	-15.21%	769M
VSMPO-AVISMA CORPORATION	-.--%	7.2B
ZHEJIANG HUAYOU COBALT CO., LTD	-13.48%	6.68B
CHINA RARE EARTH RESOURCES AND TECHNOLOGY CO., LTD.	+1.30%	4.11B
PANGANG GROUP VANADIUM & TITANIUM RESOURCES CO., LTD.	-5.18%	3.99B
YUNNAN COPPER CO.,LTD	+29.11%	3.89B
CHINA NONFERROUS MINING CORPORATION LIMITED	+38.21%	3.61B
WESTERN SUPERCONDUCTING TECHNOLOGIES CO., LTD.	-25.51%	3.56B
AURUBIS AG	-7.02%	3.15B
ZHE JIANG HAI LIANG CO., LTD	-17.22%	2.55B

Nonferrous Metal Processing