Gravita India GRAVITA
Listed recycler of lead, aluminium and plastics that started a 6,000-tonne-a-year lithium-ion battery recycling plant at Mundra (Jan 2026)
Mapped in 1 theme: Critical Minerals & Rare Earths.
Where Gravita India sits in the supply chain
Gravita India appears in 1 supply-chain layer in one theme, Critical Minerals & Rare Earths.
Critical Minerals & Rare Earths › Battery & e-waste recycling
Emerging entrantOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,216 | 2,801 | 3,161 | 3,869 | 4,265 |
| Net profit | 148 | 204 | 242 | 313 | 378 |
Latest-year revenue ₹4,265 Cr (FY26, company-wide).
Note: Lithium-ion recycling at pilot stage (Mundra, Jan 2026).
Strengths
- Existing scrap-collection network in India and abroad - the hardest part of battery recycling
- The pilot makes black mass; extracting lithium, nickel, cobalt and manganese - what the recycling scheme pays for - is planned for about FY29, and a copper recycling plant at Mandvi is also planned
Risks
- Management called the lithium unit a pilot with no significant near-term revenue (Q4 FY26 call, May 2026)
- Lead recycling still drives earnings; no recycling-scheme award has been disclosed
Common questions
What does Gravita India do?
Listed recycler of lead, aluminium and plastics that started a 6,000-tonne-a-year lithium-ion battery recycling plant at Mundra (Jan 2026).
Where does Gravita India sit in the supply chain?
Gravita India (NSE: GRAVITA) is mapped in 1 supply-chain layer: Battery & e-waste recycling (Critical Minerals & Rare Earths).
Who are Gravita India's peers?
In the Battery & e-waste recycling layer of Critical Minerals & Rare Earths: Attero Recycling (not NSE-listed), Lohum (not NSE-listed) and Hindalco Industries.
What is Gravita India's market cap and valuation?
As of 6 Nov 2026: market cap ₹11,040 Cr, P/E 27.7x, ROCE 16.2%, ROE 15.5%, dividend yield 0.52%.