resr 5paisa Research Team 7th September 2023

This small-cap company from the industrial minerals space delivered over 400% returns to investors in the last two years!

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An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 5.58 lakh today.

Gravita India Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 79.6 on 14 January 2021 to Rs 444.50 on 13 January 2023, an increase of 458% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 5.58 lakh today.

Established in the year 1992, Gravita India Ltd is one of the largest lead producers in India. The company is dedicated to Lead & Lead Products with an environment-friendly process. Gravita India Ltd is engaged in the business of manufacturing lead metal by recycling and smelting process and other lead products. The product range of the company includes pure lead ingot, lead alloying, litharge, red lead and lead sub-oxide.

In the recent quarter Q2FY23, on a consolidated basis, the company’s topline increased by 25% YoY to Rs 682.6 crore. Similarly, the bottom line increased by 15.30% YoY to Rs 45 crore.

The company is currently trading at a TTM PE of 18.29x, as against the industry PE of 8.46x. In FY22, the company delivered an ROE & ROCE of 45.20% and 31.19%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 3,144.68 crore. 

Today, the scrip opened at Rs 447.90 and has touched a high and low of Rs 457.50 and Rs 441.35, respectively. So far 35,509 shares have been traded on the bourses. 

At 12.12 pm, the shares of Gravita India Ltd were trading at Rs 454.90, an increase of 2.34% from the previous closing price of Rs 444.50 on BSE. The stock has a 52-week high & low of Rs 473.20 and Rs 230.95, respectively on BSE.

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