Gravita India share price today

Gravita India Ltd's share price was ₹1,474.60 at the close on 4 November 2026. It has been falling for 4 weeks. That is 9.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,295 and ₹1,875, and at that close it sat 31% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Gravita India Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 10 weeks running.

Over the last 11 years the share price moved +6,483% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 28 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue up on a year earlier for 11 quarters in a row and foreign funds (FIIs) cut their stake for 3 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row

   In the September 2026 quarter revenue was ₹1,427 crore, +37.7% on a year earlier.

   Why: The copper unit RMIL brought in ₹420 crore of revenue in the quarter. Overseas units helped make up for weaker results in the main company.

   Next results: check whether lead volumes recover as booked overseas scrap arrives and domestic battery scrap offers turn into supply.

   From the earnings call on 28 Oct 2026.

2. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 15.8% to 11.8% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Gravita India reported revenue of ₹1,427 crore, up 37.7% from ₹1,036 crore a year earlier, and a profit of ₹102 crore, up 6.3% from ₹96.0 crore.

Gravita India results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Gravita India's management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Gravita India closed at ₹1,474.60 on 4 November 2026, down 13.8% from ₹1,710.80 a year earlier (7 November 2025) and up 572.4% over five years. Its highest weekly close since March 2016 was ₹2,583.90 on 27 September 2024.

Gravita India share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Gravita India closed at ₹1,474.60, up 6.2% on the week and up 4.4% on the month. 3 Nov 2026: ex-date for an interim dividend of ₹7.70 a share.

Earlier

• 28 Oct 2026: Gravita India held its results call for July to September 2026. Management guided: Lead volumes 18-20% yearly growth over next 3 years with overall around 18%.
• Results for July to September 2026: Revenue up 37.7% and profit up 6.3% on a year earlier.

Gravita India paid ₹7.70 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.52% at the ₹1,474.60 close on 4 November 2026. The last was an interim dividend of ₹7.70 a share, ex-date 3 November 2026.

Gravita India dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Gravita India Ltd paid out 12% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 28 October 2026, Gravita India's management guided: Lead volumes 18-20% yearly growth over next 3 years with overall around 18%.

“Irrespective of the past 2 quarters not being very good, we believe that going forward, lead volume will grow at around 18% to 20% for the next 3 years.”Yogesh Malhotra, on the call for July to September 2026

What management guided

• Copper operating profit ₹65-70 per kg near term and ₹80-90 per kg in 2-3 years post recycling integration.
• RMIL utilisation 65-70% in 2-3 quarters through debottlenecking with new machines, further lift needs capacity capital spending over 3 years.
• Mandvi 29,400 MTPA copper recycling at ₹160 crore within 12 months plus Mundra 59,200 MTPA at ₹64 crore phased by March 2029 to feed Mandvi.
• Capital spending ₹1,680 crore through FY29 with ₹815 crore for existing businesses, capacity 480,000 tonnes to 800,000 tonnes with ₹600 crore spent.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

When Gravita India reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Lead volumes to rebound from multi-quarter low as booked new-geography scrap lands and domestic offers convert - check next print.

Gravita India is not on any of our India lists this week.

Gravita India Ltd earned ₹102 Cr of net profit in the Sep 2026 quarter, +6.3% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹378 Cr. Over 10 years profit has grown 54.1% a year on average. That is 7.1% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹96.0 Cr.

For the full year, FY26 profit was ₹378 Cr (+20.8% on the year before).

Why profit moved: revenue changed +37.7% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +10.4% and revenue +23.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

Gravita India Ltd reported ₹1,427 Cr of revenue in the Sep 2026 quarter, +37.7% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 25.8% a year on average. The last full year, FY26, came in at ₹4,265 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,092 Cr.

FY26 revenue was ₹4,265 Cr, +10.2% on the year before.

Recent pace: the last four quarters grew +23.7% on average, against 25.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.9%, against +21.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +9.7%, against +21.3% a year (rolling over).

Gravita India Ltd's operating margin was 9.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 4.1% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.5 percentage points on the year while gross margin changed −0.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 53% of Gravita India Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹169 Cr of operating cash against ₹378 Cr of profit. After ₹551 Cr of spending on assets, free cash was −₹382 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 53% of profit came in as cash: the cash cycle got 52 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 52 days longer. The next section looks at where the cash is stuck.

Gravita India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 139 days in FY26, up from 87 days in FY21. It spent ₹774 Cr on assets over the last 3 years. Customers take 37 days to pay, and stock sits for 109 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,265 Cr, each day of that cycle ties up about ₹11.7 Cr, so roughly ₹1,624 Cr is tied up in the business at any time.

FY26: customers took 37 days to pay and stock sat for 109 days, about 3.6 months of sales sitting as stock, for a full cycle of 139 days, longer than FY21's 87.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 109 days. Customers pay about 37 days after that. Suppliers are paid at 7 days. Together that makes the 139-day cycle.

Spending on assets: ₹774 Cr over the last 3 years, against ₹106 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹48.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Gravita India Ltd's P/E is 27.3×, in the middle of its own history: higher than 62% of past readings. Its usual P/E (the middle reading) is 23.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.