Buy Gravita India, target price Rs 3265: ICICI Securities

ICICI Securities has buy call on Gravita India with a target price of Rs 3265. The current market price of Gravita India Ltd. is Rs 2581.8.

Gravita India Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 17661.28 Crore) operating in Metals - Non Ferrous sector.

Gravita India Ltd. key Products/Revenue Segments include Lead, Plastics, Turnkey Project, Aluminium, Export Incentives, Scrap, Other Operating Revenue, Sale of services, Others and Job Work for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 914.73 Crore, up 2.98 % from last quarter Total Income of Rs 888.30 Crore and up 25.87 % from last year same quarter Total Income of Rs 726.74 Crore. Company reported net profit after tax of Rs 68.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 63.37 per cent stake in the company as of 30-Jun-2024, while FIIs owned 13.39 per cent, DIIs 2.61 per cent.