Lead Growth Boosts Gravita India

Gravita India leads India's lead recycling sector, turning battery waste into refined products. Its lead business drives over 88% of revenue, fueled by EV boom and battery demand. With capacity at 236,000 MTPA, plans aim for 700,000 MTPA by FY28 via Rs 1,500 crore capex. This expansion benefits shareholders greatly. Profits hit Rs 381 crore TTM, up from Rs 239 crore in FY24, with EPS rising 22% yearly. Stock market cap nears Rs 11,800 crore at 30-39x P/E, signaling strong growth bets. EV market surge—from 17.7 GWh in 2025 to 256 GWh by 2032—spikes lead needs for aux batteries. Recycling sector grows 9.4% CAGR to USD 557 million by 2032, aided by EPR rules favoring organized players like Gravita. ​ Diversification to aluminium, plastics, rubber, and Li-ion batteries cuts lead reliance from 88% to 70%. This hedges risks from price swings, boosts margins via value-added items. Aluminium capacity jumps to 70-80,000 tonnes soon. ​ Shareholders gain from prudent capital use and value creation focus. Low 12% dividend payout funds growth, with net debt at Rs 207 crore manageable. Balance sheet stays strong, no solvency woes. Risks like metal volatility exist, but hedging via MCX and global ops mitigate them. Zero ethical issues and 4-star export status build trust. Budget 2026 aids via critical minerals push. Overall, Gravita's strategy promises returns accretive growth over 10%, making it valuable for shareholders eyeing circular economy plays. Stock up 192% yearly shows market nod.