Corporate Action
Gravita India Enters Copper Recycling Business
Gravita India Limited has announced the entry into the copper recycling business and the acquisition of up to 100% stake in Rashtriya Metal Industries Limited.

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Corporate Action
Gravita India Limited has announced the entry into the copper recycling business and the acquisition of up to 100% stake in Rashtriya Metal Industries Limited.
Acquisition Announcement
Gravita India Limited has approved a term sheet for acquiring up to 100% stake in Rashtriya Metal Industries Limited for a total consideration of up to INR 565 crores.
Board Meeting Outcome
Gravita India Limited's Board approved a binding term sheet to acquire up to 100% of Rashtriya Metal Industries for INR 565 crores and will enter the copper recycling business.
Gravita India Ltd (GRAVITA) is currently trading at 1,659.35 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Gravita India Limited is a leading player in the recycling industry, focusing on lead, aluminium, plastic, and rubber. Its operations extend across Asia, Africa, and Europe, making it a globally integrated recycling company. The company has been expanding its recycling capacities significantly, with a plan to exceed 7 lakh MTPA by FY 2028, showing its commitment to growth and sustainability in the recycling sector. Gravita is making substantial inroads into new recycling verticals, including lithium-ion batteries, paper, and steel, aiming for a 25% volume CAGR and a 35% profitability growth by FY 2028, which demonstrates its ambitious growth trajectory. Despite the recent challenges such as rising commodity prices and delays in approvals, Gravita has managed to maintain steady margins and is on track with its capacity expansion plans, which indicates strong operational resilience and strategic foresight. The company's commitment to sustainable and eco-friendly innovations is evident through its emphasis on renewable power usage, ESG compliance, and a shift towards more valuable, non-lead business segments.
Over the past 52 weeks, Gravita India Ltd has traded between a low of ₹1,435.00 and a high of ₹2,169.90. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Gravita India Ltd has a market capitalization of approximately 12,247.41. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Gravita India Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 32.06 and operates in the Non Ferrous Metals sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 12,247.41 Cr, Gravita India Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Gravita India Ltd operates in the Non Ferrous Metals sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Gravita India Ltd is 32.06. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Gravita India has agreed to acquire up to a 100% stake in Rasthriya Metal Industries (RMIL) for a purchase consideration of approximately ₹565 crore.
The total consideration for Gravita India's acquisition of up to 100% of RMIL is set at a maximum of ₹565 crore.
The exemption on Basic Customs Duty (BCD) for capital goods used in processing critical minerals and manufacturing lithium-ion cells reduces the cost of setting up new recycling plants, directly benefiting Gravita's expansion into lithium-ion and copper recycling.
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Bearish
4
Neutral
6
Bullish
4
Bearish
26
Neutral
6
Bullish
14
Bearish
22
Neutral
0
Bullish
10
Non Ferrous Metals
Metal - Others
12,247 Cr
High Risk
32.1
27.5
2.1
5.4
2,169.90
1,435.00
Sales CAGR
Profit CAGR
ROE
ROCE

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