Any current/future new fundraising through debt or equity?

There is no mention of any current or future fundraising through debt or equity in the provided transcript/pages. The company highlighted a net debt-free balance sheet and focused on funding capex through internal accruals and ongoing investments. Capex of around INR1,225 crores is planned by FY '28, with INR850 crores toward existing verticals and the rest toward diversification. No specific plans for raising capital via debt or equity were discussed during the call.

Any current/future capex/capital investment/strategic investment?

Capex budget realigned to approximately INR 1,225 crores by FY '28. Around INR 850 crores planned for strengthening existing verticals. Remaining capital allocated for diversification into lithium-ion, paper, and steel recycling. H1 FY '26 capex incurred about INR 105 crores; additional INR 100 crores expected in H2 for capacity expansion. Pilot lithium-ion battery recycling unit at Mundra to become operational in Q3 FY '26. Lead capacity expansion at Mundra: Phase 1 (30,000 MT per annum) expected by Nov 2025; Phase 2 (50,000 MT per annum) targeted by Jan 2026. Phagi lead recycling capacity en

Future growth expectations in sales/revenue/volumes?

Gravita targets a volume CAGR of over 25% in the coming years. The company expects a 30% to 35% increase in revenue from existing and new verticals within the next 3 to 4 years. FY '27 volume growth is anticipated to reach 60% to 70% utilization of new capacities, leading to approximately 25% volume growth for the year. Long-term volume growth is targeted at around 25% annually. Expansion plans include increasing lead capacity to around 400,000 tons by FY '27. Non-lead business, including rubber, is expected to grow to about 30% of total revenue by FY '27. New verticals like lithium ion and ru

Future growth expectations in earnings/operating earnings/profits/EPS?

Gravita targets a volume CAGR of over 25% going forward. Profitability growth is expected above 35% over the next 3-4 years. The company aims to maintain a Return on Invested Capital (ROIC) of over 25%. H1 FY26 saw a 16% growth in Adjusted EBITDA year-on-year and a 36% increase in PAT. Operational expansion includes doubling capacity to over 7 lakh tons by FY28. Non-lead segment revenues, including rubber and lithium-ion, are expected to grow to around 30% of total by FY27. Value-added products are targeted to contribute around 50% of sales, supporting margin expansion. Overall EBITDA per ton

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Gravita India LtdQ3 FY25Minerals & Mining

Gravita India Ltd Q3 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹1,721P/E: 32.9Market Cap: ₹12.5K CrSector: Minerals & Mining

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

→Gravita targets a volume CAGR of over 25% in the coming years.
→The company expects a 30% to 35% increase in revenue from existing and new verticals within the next 3 to 4 years.
→FY '27 volume growth is anticipated to reach 60% to 70% utilization of new capacities, leading to approximately 25% volume growth for the year.
→Long-term volume growth is targeted at around 25% annually.
→Expansion plans include increasing lead capacity to around 400,000 tons by FY '27.
→Non-lead business, including rubber, is expected to grow to about 30% of total revenue by FY '27.
→New verticals like lithium ion and rubber recycling are being developed to contribute to revenue growth.
→Capacity expansions in Mundra, Phagi, and overseas locations will support volume and revenue growth.

Margin guidance

Category 3

→Gravita targets a volume CAGR of over 25% going forward.
→Profitability growth is expected above 35% over the next 3-4 years.
→The company aims to maintain a Return on Invested Capital (ROIC) of over 25%.
→H1 FY26 saw a 16% growth in Adjusted EBITDA year-on-year and a 36% increase in PAT.
→Operational expansion includes doubling capacity to over 7 lakh tons by FY28.
→Non-lead segment revenues, including rubber and lithium-ion, are expected to grow to around 30% of total by FY27.
→Value-added products are targeted to contribute around 50% of sales, supporting margin expansion.
→Overall EBITDA per ton in lead recycling is sustainable at INR19-20, with room for margin improvement via higher efficiencies and value-addition.

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Fundraise plans

→There is no mention of any current or future fundraising through debt or equity in the provided transcript/pages.
→The company highlighted a net debt-free balance sheet and focused on funding capex through internal accruals and ongoing investments.
→Capex of around INR1,225 crores is planned by FY '28, with INR850 crores toward existing verticals and the rest toward diversification.
→No specific plans for raising capital via debt or equity were discussed during the call.

Order book

The transcript does not explicitly mention specific details about the current or expected order book or pending orders for Gravita India Limited. However, some relevant insights include: - Capacity expansions planned and underway (e.g., Mundra and Phagi facilities) indicate anticipation of increased demand and order inflow. - The company is preparing inventories in anticipation of new capacities coming online soon. - Management mentions ramping up production and expects to achieve around 25% volume growth in the near term. - There is confidence in increasing procurement and processing capabilities to meet demand. - No direct figures or details on order books or pending orders were disclosed in the provided pages. For precise order book or pending order data, it is recommended to consult company investor relations or official disclosures.

Capex plans

Yes

→Capex budget realigned to approximately INR 1,225 crores by FY '28.
→Around INR 850 crores planned for strengthening existing verticals.
→Remaining capital allocated for diversification into lithium-ion, paper, and steel recycling.
→H1 FY '26 capex incurred about INR 105 crores; additional INR 100 crores expected in H2 for capacity expansion.
→Pilot lithium-ion battery recycling unit at Mundra to become operational in Q3 FY '26.
→Lead capacity expansion at Mundra: Phase 1 (30,000 MT per annum) expected by Nov 2025; Phase 2 (50,000 MT per annum) targeted by Jan 2026.
→Phagi lead recycling capacity enhancement of 45,000 MT per annum to complete by Dec 2026.
→Mundra project for rubber expected to be commissioned by Q4 FY '26, with revenue from FY '27.
→Exploration of acquisitions in aluminium (pending MCX approval), rubber, and plastics in other geographies ongoing.

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