Gravita India Ltd | Growth Ahead | Investing | Finance | Share Market Advise | Share Guru Weekly
This 1992 founded company is the leader in the lead recycling industry. It manufactures 99.97% purity lead products through the recycling process. It has a production capacity for 1,31,819 tons of recycled lead, 12,000 tons for recycled aluminium and 20,400 tons p.a. for recycled plastic products. In 43 countries, it has over 60 turnkey projects under its maintenance. In 2017-18, Gravita produced 54,554 tons of lead, 6,442 tons of aluminium and 3,686 tons of plastic products. It is to manufacture 80,000 tons of recycled lead in the current financial year 2018-19.
Please Click the Below Link
By the year 2023, the company would emerge as the fifth largest recycling company in the non-ferrous recycled metals category. Helio Star Ltd (Australia), the solar power technology major, is joined hands with Gravita India Ltd to develop industrial concentrated solar power thermal application.
Gravita expanded its plastic products manufacturing plant capacity from 4,800 tons to 6,000 tons a year. With this, expansion, the total capacity for lead and plastic products increased to 34,000 tons. Apart from the unit, the company is setting up a new plant for Lead recycling with 28,000 tons capacity at Mundra in Mumbai. The new plant will be available for commercial production by March 2019. Gravita India Ltd has completed one new plant in Mauritania. In Ghana, it is shifting an old plant to a new location simultaneously increasing its capacity. The new plant will be ready by December 2018. Its Tanzanian plant is getting finished soon for commercial production. The company has orders worth Rs 260 crore to supply lead, aluminium, plastics plastic products.
The net profit of the company increased to Rs 25.46 crore in 2017-18, from Rs 22.65 crore in 2016-17. In the June 2018 quarter, the net profit grew to Rs 6.2 crore from Rs 5.5 crore recorded in the same period of the earlier year.
The company paid a dividend of Re 00.70 per share equivalent to 35% of the Rs 2.00 face value. The stock of the company is available at an attractive price of Rs 80, between the 52-Week High Rs 205 and Low Rs 58.
BSE Code: 533282
Face Value: Rs 2.00
Market Price: Rs 76.75/-
(19 Oct 18 | 12:49 | All Prices in INR)