Gravita India Ltd
Gravita India Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Gravita aims to scale total installed capacity to around 800,000 tons by FY 2029 with 60%-65% utilization, resulting in approx. Gravita India targets a volume capacity of around 800,000 tons by FY '29 with expected utilization of 60-65%, equating to approximately 500,000 tons (Page 19).
From Gravita India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Gravita aims to scale total installed capacity to around 800,000 tons by FY 2029 with 60%-65% utilization, resulting in approx. 500,000 tons volumes by FY 2029.
- The company is targeting a consistent volume CAGR of 20%-25% over the next three years.
- Copper segment volumes are expected to grow 40%-50% in the current year.
- Expansion includes scaling lead recycling to 800,000 tons, adding 30,000 tons copper recycling capacity, and ramping up value-added products.
- Backward integration in copper recycling to improve EBITDA per ton from INR 45,000 to INR 65,000-70,000 in the future.
- Working capital days expected to remain around 85-90 days despite added copper imports.
- Revenue growth in FY 2026 was 10% YoY; the medium-term target includes increasing value-added product contribution to 50% of revenues.
Profitability & Margins
See what Gravita India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total CAPEX planned over next 3-4 years: INR 1,700 crores (increased from earlier INR 1,200 crores due to copper addition).
- Copper-specific CAPEX: Approx. INR 700 crores for recycling capacity and value-added products.
- Capacity targets:
- - Copper capacity to grow from 30,000 tons to 60,000 tons by FY ‘29, with plans up to 100,000 tons after further expansions.
- - Lead capacity to increase from 700,000 tons to 800,000 tons by FY ‘29.
- - Rubber capacity planned at 30,000 tons, with phased expansions including Mundra and Romania plants.
- Mundra lead expansion commissioned; Phagi lead expansion (~45,000 tons) expected in Q1 FY ‘27.
- Copper recycling plant at Mundra to be commissioned within 12 months.
- Working capital requirement estimated around INR 1,200 crores due to copper business, with peak working capital debt expected around INR 800-900 crores post copper start.
- Steel recycling under consideration but deferred.
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Fundraising & Capital Structure
See what Gravita India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- No explicit mention of current or expected order book/pending orders in the transcript.
- Management highlighted strong interest and volume growth, especially with capacity expansions at Mundra, Phagi, and newly acquired RMIL in copper business.
- Q4 volume growth guidance: 20-25% growth overall; 40-50% growth specifically in copper segment for FY ‘27.
- Discussions indicate ongoing demand from OEMs and other customers but no quantified order book size shared.
- The company expects steady revenue growth driven by capacity utilization improvements and new business additions.
- Expansion in lithium-ion battery and copper recycling plants is underway, indicating a growing pipeline.
- Importantly, no specific numbers on confirmed orders or backlog reported during the call.
Gravita India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹92 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Gravita India Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Gravita India Ltd Q4 FY26 results?
Gravita aims to scale total installed capacity to around 800,000 tons by FY 2029 with 60%-65% utilization, resulting in approx. Gravita India targets a volume capacity of around 800,000 tons by FY '29 with expected utilization of 60-65%, equating to approximately 500,000 tons (Page 19).
What is Gravita India Ltd share price analysis?
Gravita India Ltd currently shows a neutral. The stock trades at a P/E of 31.8 with a market cap of ₹12,465 Cr. Investors should review the full earnings analysis for detailed insights.
Is Gravita India Ltd planning capital expenditure?
Total CAPEX planned over next 3-4 years: INR 1,700 crores (increased from earlier INR 1,200 crores due to copper addition). - Copper-specific CAPEX: Approx.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.