Gravita India - Turning Trash Into Triumph, Globally: Motilal Oswal

Motilal Oswal Report

Gravita India Ltd. is one of the key players within the burgeoning recycling industry in India. Going forward, we expect the company to report robust earnings growth on the back of:

1. strong growth within the Lead recycling segment fueled by favorable regulatory changes;

2. faster growth from the new segments (aluminum and plastic) and addition of the steel and paper segments;

3. robust capacity addition across segments; and

4. an improvement in the mix of value added products.

We increase our earnings per share estimates by 5%/7% for FY26/FY27E. We expect a revenue/Ebitda/profit after tax compound annual growth rate of 30%/32%/34% over FY24-27.

We value the stock at 40 times Sep’26E earnings per share to arrive at our target price of Rs 2,900. We reiterate our Buy rating on the stock.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.