Gravita India Ltd.
CMP 2477
About :
Gravita India Ltd is one of the largest lead producer in India established in the year 1992 at Jaipur. The company is dedicated to Lead & Lead Products with environment friendly process.
▶️ India has been making strides in plastic recycling, with several companies leading efforts to reduce plastic waste and promote sustainability.
▶️ Plastic Scrap Procurement: They source plastic scrap materials from various sources, both domestically and internationally, ensuring a steady supply for their recycling operations.
▶️ Plastic Processing: Gravita India employs advanced technologies and processes to efficiently recycle plastic scrap.
▶️ Gravita India Ltd., a leading recycling company in India, has recently announced significant initiatives in the field of *plastic recycling* as part of its environmental sustainability strategy. Their focus is on enhancing *plastic waste management* through cutting-edge technology and innovation.
🟢 Key Announcements from Gravita:
1. Plastic Waste Management Facilities:
– Gravita has established multiple state-of-the-art *plastic waste management facilities* across India. These plants are equipped with advanced technologies that allow for the efficient *sorting, cleaning, and processing* of various types of plastic waste, ensuring a high level of recycling efficiency.
2. Technological Innovations:
– The company’s facilities are equipped with technologies that handle both post-consumer plastic waste (such as packaging materials, PET bottles) and industrial plastic waste (generated from manufacturing processes). This approach ensures that both household and industrial plastic waste are processed and recycled into reusable materials.
3. Expansion Plans:
– Gravita has expressed interest in expanding its plastic recycling operations to cover more regions of India and increase its overall processing capacity. Their goal is to scale operations to process larger volumes of waste as part of their commitment to reducing environmental impact and promoting a circular economy.
4. Sustainability Goals:
– The company is focused on minimizing plastic pollution by actively contributing to plastic waste recycling from consumer and industrial sources. Gravita’s facilities aim to reduce the amount of plastic waste that ends up in landfills by converting it into valuable raw materials for reuse.
These announcements reflect Gravita’s commitment to being a major player in India’s plastic waste management sector and to driving sustainable solutions in line with global efforts to mitigate the impact of plastic pollution.
👉Key metrics
▶️ Market Cap : ₹ 17,101 Cr.
▶️ Current Price : ₹ 2,477
▶️ Stock P/E : 67.2
▶️ ROCE : 27.9 %
▶️ ROE : 33.7 %
▶️ Debt to equity : 0.65
▶️ Profit Var 3Yrs : 61.5 %
▶️ Sales growth 3Years : 30.9 %
▶️ Total Shares Holder : 75,740.
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