Buy Gravita India, target price Rs 445: Emkay Global

Emkay Global has buy call on Gravita India with a target price of Rs 445. The current market price of Gravita India Ltd. is Rs 358.4.

Gravita India Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2467.76 Crore) operating in Metals - Non Ferrous sector.

Gravita India Ltd. key Products/Revenue Segments include Lead, Aluminium, Plastics, Turnkey Project, Export Incentives, Scrap, Others, Sale of services, Job Work for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 689.61 Crore, up 9.46 % from last quarter Total Income of Rs 630.01 Crore and up 25.32 % from last year same quarter Total Income of Rs 550.26 Crore. Company reported net profit after tax of Rs 44.98 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 73.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.13 per cent, DIIs 0.14 per cent.