Agree with this view. This should be seen as positive. This stock is not having many institutional investors. Of late, there is a lot of attention on the recycling industry and big investors have started tracking the sector. I expect many institutional investors enter into the stock in the coming months.
Disc: Plan to invest in a few days.
Gravita has crossed its ATH today , further Gravita enjoyed increased margin in Q4 as per concall-
Rahul Bhangadia:
And sir, the second question was on the tax rate from what you can see in the presentation, the contribution of the Indian operations to the overall PAT is now much higher. In fact, it is almost 3x of what it used to be in 2 years back. FY ‘22, Indian operations were 25% of PAT. Now this year, we’re spending almost 75% of PAT. But actually, it seems to be low to my limited understanding, the tax rates were low because of the contribution of the African operations to the PAT. So, some sense there, please.
Yogesh Malhotra:
So, I mean if you look at the total numbers, because there were some arbitrage opportunities in India, because of which we have diverted some of the materials from the African operations into India. And also because of this Red Sea situation also some of the material from the East African operations were diverted into India. And so, the overall increase in EBITDA margins in that if you see that as against Rs. 19 per ton, we have increased EBITDA numbers, and that has contributed to the increase in the overall profitability from India.
Many FII invested and Ashish Kacholia holidng 2.1% and stay put .
WIth its International business flourishing , Gravita could achive more than 1000 Cr. soon. QOQ
Any idea why the stock is rallying so fast?
from where do you get this data
Lately I have been seeing a lot of funds meeting gravita management according to the bse notifications they publish. Personally invested in the stock
#Messaging first time on this forum, so apologies if I miss any of the posting guidelines.
Promotor seems to have sold equity worth 200CR (~2%) in June and July, is that a red Flag? Why would anyone do such heavy selling?
Looks like this was 2 block deals for FII investment. Gravita India Ltd. Bulk and Block deals on NSE and BSE
But going back, promoter did a similar stake sale in Q1 2023 and in the concall it was said the promoter would not dilute stake anymore, except for a sizable M&A opportunity.
Read the article… please pardon me for my ignorance…
Can any seniors explain how this thing going to affect business strength of Gravita?
While I too await informed opinions on this from some of the seniors in tracking this business, we can also attempt to ask this question to the Gravita management in today’s concall.
Lead Prices ideally should not have any impact on Gravita’s margins, as it is a conversion business and lead price exposure is hedged upfront. However, lead shortages can increase physical premium so minor improvement in margins can happen.
There is sudden momentum in the stock. Tried looking for the reason but couldn’t find anything solid. What am I missing?
With strict guidelines the shift from informal to formal will get a big boost as Gravita has always been mentioning.
The company is on an investor meet spree for last 2 months.
I’ll look forward to see some new names of institutional investors in shareholding pattern of Sept Quarter.
Gravita-India-16092024-ICICI SEC.pdf (253.9 KB)
