Gravita India Limited is a leading Indian multinational specializing in lead, aluminum, and plastic recycling, with operations across 25+ countries. Headquartered in Jaipur, the company has built a strong presence in sustainable metal production and circular economy solutions. Backed by consistent revenue growth, near-zero debt, and improving return ratios, Gravita offers a compelling long-term investment case in the industrial commodities space. This article provides a fact-based outlook on its share price target for each year from 2026 through 2030.
High P/E (41x) leaves limited room for error if metal prices soften
Risk: Working capital intensity and global scrap price volatility
Gravita India Share Price Target 2027
Year
Share Price Target 1
Share Price Target 2
2027
₹1,900
₹2,250
Expected benefit from new African recycling units and capacity ramp-up
Potential inclusion in commodity-focused ETFs could boost liquidity
Dividend consistency (0.31% yield, ~13% payout) adds minor support
Gravita India Share Price Target 2028
Year
Share Price Target 1
Share Price Target 2
2028
₹2,100
₹2,500
By 2028, the cumulative effect of global ESG tailwinds should reflect in margins
Valuation may stabilize if P/B moderates from the current 7x
Execution risk: Regulatory changes in waste import policies (e.g., in Africa)
Gravita India Share Price Target 2029
Year
Share Price Target 1
Share Price Target 2
2029
₹2,300
₹2,800
Long-term tailwinds from the global push for the circular economy and battery recycling
India’s EV policy may boost domestic lead-acid and lithium recycling demand
Debt-to-equity remains low—supports capex without strain
Gravita India Share Price Target 2030
Year
Share Price Target 1
Share Price Target 2
2030
₹2,500
₹3,200
If Gravita sustains 20%+ ROCE and expands in high-margin geographies, ₹3,000+ is achievable
However, targets beyond ₹3,500 require a breakthrough in lithium or e-waste recycling—not currently visible
Success in turnkey EPC projects could be a future differentiator
Gravita India: Shareholding Pattern
Category
Holding (%)
Promoters
55.88%
Public (Retail)
23.65%
Foreign Institutions (FII)
15.75%
Domestic Institutions (DII)
4.70%
Others
0%
Promoter holding is stable with no pledging reported, indicating strong alignment with long-term value creation.
Gravita India: Strengths vs Risks
Strengths
Virtually debt-free (only ₹8.36 Cr debt)
Strong ROCE (21.98%) and ROE (18.92%)
Global presence reduces India-specific risk
ESG-aligned business benefits from regulatory tailwinds
Risks
Low dividend yield (0.31%) offers no income cushion
Commodity exposure: Lead and aluminum prices are volatile
Working capital intensive: Inventory days exceed 200
Valuation rich at P/E 41x for a commodity recycler
Investment Suitability
Factor
Assessment
Risk Profile
Moderate to High
Time Horizon
Long-term (5+ years)
Volatility
High
Dividend/Income
Very low (0.31% yield)
Ideal Investor
ESG-focused investor comfortable with industrial cyclicality and promoter-led businesses
FAQs
A realistic range is ₹1,750 to ₹2,000, based on current growth momentum and sector tailwinds.
Credible estimates suggest ₹2,500 to ₹3,200 by 2030, assuming sustained ROCE and global expansion.
Reliable forecasts beyond 2030 are not possible. Such long-term projections are speculative and not based on verifiable data.
The Agarwal family controls the company through promoters holding 55.88% of shares.
Yes, but minimally. It has a consistent dividend history with a current yield of 0.31% and a payout ratio of ~13%.
The stock corrected due to valuation concerns (P/E > 41), slower-than-expected profit growth, and broader commodity sector weakness in late 2025.
Nearly debt-free—it has only ₹8.36 crore in debt versus ₹278.96 crore in cash, making its balance sheet very strong.
Final Verdict
Gravita India is a high-quality player in the global recycling ecosystem with strong ESG credentials and capital efficiency. While its profit growth lags behind sales, its near-zero debt and ROCE above 21% justify a premium. Our 2026–2030 price targets (₹1,750–₹3,200) reflect steady compounding—not explosive upside. Best suited for investors with a 5-year horizon who believe in the circular economy and India’s role in global metal sustainability.
Disclaimer: This article is for educational purposes only. It is not investment advice. Please consult a SEBI-registered advisor before making any investment decision.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
