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Gravita India to Acquire 98.95% Stake in Rashtriya Metal Industries for Rs 559.08 Crores
Gravita India has signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries Limited (RMIL) for a total consideration of Rs 559.08 Crores. RMIL is a specialized manufacturer of copper and copper alloy products with an annual production capacity of 31,200 MTPA at its Gujarat facility. This acquisition marks Gravita's strategic entry into the copper recycling segment, complementing its existing lead, aluminum, and plastic recycling businesses. The deal is expected to close by March 31, 2026, and will leverage RMIL's strong export base, which accounts for 40% of its revenue.
Key Highlights
Acquisition of 98.95% stake in Rashtriya Metal Industries for Rs 559.08 Crores
RMIL brings an installed production capacity of 31,200 MTPA from its 15-acre Gujarat facility
Approximately 40% of RMIL's revenue is derived from exports to markets including the USA, UAE, and Thailand
Strategic diversification into copper and copper alloy recycling to enhance margin profiles
Transaction completion targeted on or before March 31, 2026
💼 Action for Investors
Investors should view this as a major growth milestone that diversifies Gravita's portfolio into the high-demand copper recycling sector. Monitor the company's leverage post-acquisition and the subsequent impact on consolidated margins.
Gravita India to Acquire 98.95% Stake in Rashtriya Metal Industries for ₹559.08 Crores
Gravita India has signed definitive documents to acquire a 98.95% stake in Rashtriya Metal Industries Limited (RMIL) for a total cash consideration of ₹559.08 Crores. RMIL is a manufacturer of copper and copper alloy products with a strong turnover of ₹910 Crores in FY 2024-25. This acquisition is a strategic move to expand Gravita's presence in the copper segment and leverage RMIL's export network across the USA, UAE, and other regions. The transaction is expected to be completed by March 31, 2026.
Key Highlights
Acquisition of 41,08,639 equity shares representing ~98.95% of RMIL's paid-up capital.
Total cash consideration for the acquisition is ₹559.08 Crores.
RMIL reported a significant turnover growth from ₹598 Crores in FY23 to ₹910 Crores in FY25.
RMIL has a net worth of ₹300 Crores and total assets of ₹558 Crores as of March 31, 2025.
Target entity has a global footprint with exports to countries like USA, UAE, Thailand, and Saudi Arabia.
💼 Action for Investors
Investors should view this as a major growth catalyst that diversifies Gravita's portfolio into high-value copper products. Monitor the integration and its impact on consolidated margins in the coming fiscal years.
Gravita India to More Than Double Mundra Capacity with 80,300 MTPA Expansion
Gravita India Limited has announced a major capacity expansion at its existing recycling facility in Mundra, Gujarat. The company is adding 80,300 MTPA to its current capacity of 64,800 MTPA, effectively more than doubling the site's output to meet rising demand. The expansion requires an investment of approximately Rs. 49.00 Crores, which will be entirely funded through internal accruals. This strategic move is slated for completion within the current financial year 2025-26.
Key Highlights
Adding 80,300 MTPA capacity to the existing 64,800 MTPA at the Mundra unit
Total investment of approximately Rs. 49.00 Crores for the expansion project
Expansion is fully funded through internal accruals, showcasing strong cash flow
Project completion targeted within the Financial Year 2025-26
Existing capacity was near full utilization, necessitating this immediate scale-up
💼 Action for Investors
Investors should view this as a strong growth indicator as the company scales up its port-based facility to capture international demand. The use of internal accruals for a major expansion is a positive sign of financial health.
Gravita India Expands Mundra Lead Recycling Capacity by 80,300 MTPA with ₹49 Cr Investment
Gravita India has significantly increased the lead recycling capacity at its Mundra facility in Gujarat by 80,300 MTPA, bringing the unit's total capacity to 1,45,100 MTPA. The expansion involved an investment of approximately ₹49.00 crores, which was funded entirely through the company's internal accruals. This move boosts Gravita's total global recycling capacity to 4,25,959 MTPA across its 13 manufacturing facilities. The strategic location near Mundra port is expected to optimize logistics and enhance the company's ability to serve international export markets.
Key Highlights
Lead recycling capacity at Mundra plant increased by 80,300 MTPA to a total of 1,45,100 MTPA
Investment of ~₹49.00 crores funded through internal accruals without external debt
Total global installed recycling capacity reaches 4,25,959 MTPA post-expansion
Strategic proximity to Mundra port to improve operational efficiencies and export capabilities
💼 Action for Investors
Investors should view this as a strong growth signal as the company scales its core business using internal cash flows. Monitor the ramp-up in capacity utilization and its impact on margins in the upcoming quarters.
Gravita India to Acquire Rashtriya Metal Industries for Rs 565 Crore; Enters Copper Recycling
Gravita India has signed a binding term sheet to acquire up to 100% of Rashtriya Metal Industries Limited (RMIL) for a total consideration of up to INR 565 crores. RMIL is a legacy manufacturer of copper products with a turnover of INR 910 crores in FY25 and a strong export presence in markets like the USA and UAE. This acquisition marks Gravita's strategic entry into the copper recycling business, diversifying its existing recycling portfolio. The transaction is expected to be completed by March 31, 2026, and will be settled via cash consideration.
Key Highlights
Acquisition of up to 100% stake in RMIL for a cash consideration of up to INR 565 crores.
RMIL reported a turnover of INR 910 crores in FY25, growing from INR 598 crores in FY23.
Strategic entry into the copper recycling business to expand Gravita's multi-commodity recycling capabilities.
RMIL has a global footprint with exports to UAE, USA, Thailand, Saudi Arabia, and several other countries.
The acquisition is expected to be finalized by March 31, 2026, subject to due diligence.
💼 Action for Investors
This is a significant growth move that adds a large revenue stream and diversifies Gravita's business into copper. Investors should view this as a major positive for long-term scale, while monitoring the impact on margins during the integration phase.
Gravita India to Acquire Rasthriya Metal Industries for Rs 565 Crore
Gravita India has signed a binding term sheet to acquire up to a 100% stake in Rasthriya Metal Industries Limited (RMIL) for approximately Rs 565 crore. RMIL is a leading manufacturer of copper and copper alloy products with a turnover of Rs 910 crore and EBITDA of Rs 60 crore for FY2025. This acquisition marks Gravita's strategic entry into the copper vertical, diversifying its business beyond lead recycling. The transaction is expected to be completed by March 31, 2026, subject to regulatory approvals and due diligence.
Key Highlights
Acquisition of 100% equity stake in RMIL for a purchase consideration of ~Rs 565 crore
RMIL has a production capacity of 31,200 MTPA at its integrated facility in Sarigram, Gujarat
Target company reported FY25 revenue of Rs 910 crore and EBITDA of Rs 60 crore
Strategic expansion into the copper vertical to increase the share of non-lead business
Transaction expected to close by March 31, 2026, creating strong operating synergies
💼 Action for Investors
Investors should view this as a significant growth catalyst that diversifies Gravita's portfolio and adds a high-revenue vertical. Monitor the successful execution of the Share Purchase Agreement and subsequent margin improvements from synergies.
Gravita India to Acquire 100% Stake in Rashtriya Metal Industries for INR 565 Crores
Gravita India has entered into a binding term sheet to acquire up to 100% stake in Rashtriya Metal Industries Limited (RMIL) for a total cash consideration of up to INR 565 crores. RMIL is an established manufacturer of copper and copper alloy products with a significant turnover of INR 910 crores in FY 2024-25. This acquisition marks Gravita's strategic entry into the copper recycling business, diversifying its portfolio from lead and aluminum. The transaction is expected to be completed by March 31, 2026, subject to due diligence.
Key Highlights
Acquisition of up to 100% stake in RMIL for a total consideration of up to INR 565 crores.
RMIL's turnover grew significantly from INR 598 crores in FY23 to INR 910 crores in FY25.
Target company has a net worth of INR 300 crores and total assets of INR 558 crores as of March 31, 2025.
Strategic diversification into the copper recycling business to strengthen Gravita's recycling ecosystem.
RMIL has a strong export presence in markets including the USA, UAE, Thailand, and Saudi Arabia.
💼 Action for Investors
This is a significant growth move for Gravita as it adds a substantial revenue stream and enters the lucrative copper recycling segment. Investors should monitor the successful completion of due diligence and the subsequent impact on consolidated margins.
Gravita India to Acquire Rashtriya Metal Industries for up to ₹565 Crores
Gravita India has entered into a binding term sheet to acquire up to 100% stake in Rashtriya Metal Industries Limited (RMIL) for a total consideration of up to ₹565 crores. RMIL is a prominent manufacturer of copper and copper alloy products with a turnover of ₹910 crores in FY25, showing strong growth from ₹598 crores in FY23. This acquisition marks Gravita's strategic entry into the copper recycling business, diversifying its portfolio beyond lead and aluminum. The transaction is expected to be completed by March 31, 2026, and will be settled via cash consideration.
Key Highlights
Acquisition of 100% stake in RMIL for a total cash consideration of up to ₹565 crores
RMIL reported a turnover of ₹910 crores and a net worth of ₹300 crores for FY 2024-25
Target company turnover has grown at a CAGR of approximately 23% over the last two years
Strategic entry into the copper recycling business to expand global presence and capabilities
Acquisition expected to be finalized by March 31, 2026, subject to due diligence
💼 Action for Investors
Investors should view this as a significant growth move that adds a substantial revenue stream and diversifies the company's recycling capabilities. Monitor the successful completion of due diligence and the subsequent integration of RMIL's copper business into Gravita's operations.
Gravita India Q3 FY26: PAT Jumps 32% YoY to ₹97.67 Cr Despite Flat Revenue
Gravita India reported a strong 32% YoY increase in PAT to ₹97.67 crores for Q3 FY26, driven by improved margins and operational efficiencies despite flat revenue of ₹1,017 crores. The company faced temporary delays in capacity expansion at Mundra and Jaipur due to licensing formalities, but expects commissioning in Q4 FY2026. Management maintained a positive outlook with Lead EBITDA at ₹23,000 per MT and a long-term target to reach 7 lakh MTPA capacity by FY2028. Additionally, the company increased its stake in Gravita Europe to 95%, further strengthening its international recycling platform.
Key Highlights
PAT grew 32% YoY to ₹97.67 crores with PAT margins improving to 9.60%.
Adjusted EBITDA rose 13% YoY to ₹116 crores, supported by strong Lead EBITDA of ₹23,000 per MT.
Plastic segment volumes rebounded significantly, increasing 55% QoQ to 3,160 metric tonnes.
Mundra (80,000 MTPA) and Jaipur (45,000 MTPA) lead capacity expansions are slated for Q4 FY2026 completion.
Vision 2029 targets include a volume CAGR of over 25% and ROIC exceeding 25%.
💼 Action for Investors
Investors should monitor the timely commissioning of the Mundra and Jaipur facilities in Q4, as these will be key drivers for volume growth in FY2027. The company's ability to maintain high margins despite flat revenue suggests strong pricing power and efficient scrap sourcing.
Gravita India Launches 6,000 MTPA Lithium-Ion Battery Recycling Plant in Mundra
Gravita India has officially entered the lithium-ion battery recycling segment by commissioning a 6,000 MTPA facility at its Mundra plant in Gujarat. The project involved a capital expenditure of approximately Rs. 14 Crores, which was funded entirely through internal accruals. This move aligns with the rising global demand for electric vehicle battery recycling and the company's strategy to diversify its recycling portfolio. Gravita aims to leverage its existing global footprint of 13 facilities and total capacity of 3,45,659 MTPA to scale this new vertical.
Key Highlights
Commissioned a new lithium-ion battery recycling plant with 6,000 MTPA capacity in Mundra, Gujarat.
Total investment of ~Rs. 14 Crores funded through internal accruals, indicating strong financial health.
Strategic entry into the high-growth EV ecosystem and circular economy for battery materials.
Expands Gravita's global recycling capabilities, which currently stand at 3,45,659 MTPA across 13 facilities.
💼 Action for Investors
Investors should view this as a positive long-term growth driver that positions Gravita in the high-potential EV battery recycling market. Monitor the facility's utilization rates and potential margin expansion from this new business vertical.
Gravita India Reports 32% PAT Growth in 9M FY26; Targets 7 LTPA Capacity by FY28
Gravita India delivered a strong performance in 9M FY26, with PAT growing 32% YoY and EBITDA increasing 15% YoY, supported by a healthy 25% ROIC. The company is executing its 'Vision 2029' strategy, aiming for a 25% volume CAGR and diversifying into new verticals like lithium-ion and steel recycling. Quarterly EBITDA margins improved to 11.41% in Q3 FY26 from 10.26% in Q3 FY25, driven by a higher share of value-added products (46%). Management plans to double total capacity to over 7 lakh MTPA by FY28 with a total planned capex of approximately Rs 860 Cr over the next three years.
Key Highlights
9M FY26 PAT grew 32% YoY while Revenue and EBITDA grew 9% and 15% respectively.
EBITDA margins expanded to 11.41% in Q3 FY26, up from 10.26% in the previous year's corresponding quarter.
Total recycling capacity planned to reach 7,03,659 MTPA by FY28 from current 3,33,659 MTPA.
Value-added products contribution increased to 46% of revenue, nearing the Vision 2029 target of 50%.
Company maintains a robust ROIC of 25% and has a 14-year track record of sustainable dividend payouts.
💼 Action for Investors
Investors should monitor the execution of the aggressive capacity expansion and the successful ramp-up of new verticals like lithium-ion recycling. The stock remains a strong play on the formalization of the Indian recycling sector and margin expansion through value-added products.
Gravita India Q3 PAT Jumps 111% YoY to ₹72.18 Cr; Appoints New Independent Director
Gravita India reported a strong financial performance for Q3 FY26, with standalone net profit surging 111% YoY to ₹72.18 crores. Revenue from operations grew by 5.5% YoY to ₹863.79 crores, while Profit Before Tax saw a significant jump to ₹90.29 crores from ₹39.78 crores in the previous year. For the nine-month period ended December 2025, the company's profit nearly doubled to ₹227.35 crores. Additionally, the board has recommended the appointment of former IPS officer Mr. Bhupendra Kumar Dak as an Independent Director for a five-year term starting March 2026.
Key Highlights
Standalone Net Profit for Q3 FY26 rose to ₹72.18 crores, a 111% increase from ₹34.21 crores in Q3 FY25.
Revenue from operations for the quarter stood at ₹863.79 crores compared to ₹819.04 crores in the same period last year.
Earnings Per Share (EPS) for the quarter improved significantly to ₹10.78 from ₹4.90 YoY.
Nine-month PAT for FY26 reached ₹227.35 crores, up from ₹120.61 crores in the corresponding period of the previous year.
Appointment of Mr. Bhupendra Kumar Dak as Non-Executive Independent Director for a 5-year term effective March 16, 2026.
💼 Action for Investors
The company has demonstrated exceptional bottom-line growth and margin expansion; investors should maintain a positive outlook while monitoring the sustainability of these margins in future quarters.
Gravita India Q3 Net Profit Surges 111% YoY to ₹72.18 Cr; Revenue Grows to ₹863.79 Cr
Gravita India reported a strong year-on-year performance for Q3 FY26, with standalone net profit jumping 111% to ₹72.18 crore compared to ₹34.21 crore in the same quarter last year. Revenue from operations grew by 5.5% YoY to ₹863.79 crore, though it showed marginal growth on a sequential basis. For the nine-month period ended December 2025, the company's net profit reached ₹227.35 crore, a significant increase from ₹128.61 crore in the previous year. Additionally, the board recommended the appointment of Mr. Bhupendra Kumar Dak, a former IPS officer, as an Independent Director to strengthen governance.
Key Highlights
Standalone Net Profit increased by 111% YoY to ₹72.18 crore for the quarter ended Dec 31, 2025.
Revenue from operations rose to ₹863.79 crore, up from ₹819.04 crore in the corresponding quarter of the previous year.
9-month FY26 Net Profit stands at ₹227.35 crore, nearly doubling from ₹128.61 crore in 9M FY25.
Basic EPS for the quarter stood at ₹9.78, compared to ₹4.63 in Q3 FY25.
Appointment of Mr. Bhupendra Kumar Dak as Independent Director for a 5-year term starting March 2026.
💼 Action for Investors
The strong YoY growth in profitability and revenue indicates robust operational efficiency and market demand. Investors should monitor the sequential dip in profit margins and the upcoming consolidated results for a complete picture of the company's performance.
Gravita Shareholders Approve Remuneration Revision for MD, CEO, and CFO with Over 98% Majority
Gravita India Limited has successfully passed three special resolutions via postal ballot to revise the remuneration of its top executive leadership. Shareholders overwhelmingly supported the pay revisions for the Chairman & MD, the CEO, and the CFO, with approval ratings ranging from 98.01% to 99.96%. This high level of support indicates strong investor confidence in the current management's leadership and the company's strategic direction. The voting process was conducted electronically from November 27 to December 26, 2025.
Key Highlights
Resolution for revision in remuneration of MD Rajat Agrawal passed with 99.9563% votes in favor.
Revision in remuneration for CEO Yogesh Malhotra approved with 98.0165% majority support.
CFO Sunil Kansal's remuneration revision secured 98.0057% of the total valid votes cast.
The highest level of dissent was recorded for the CFO's pay revision at a marginal 1.9943%.
A total of 5,05,86,218 votes were cast in favor of the MD's remuneration revision.
💼 Action for Investors
Investors should view this as a sign of management stability and shareholder trust, though they should monitor if future earnings growth justifies the increased executive compensation costs.
Gravita India to Increase Stake in Romanian Subsidiary to 95% for ₹7.24 Cr
Gravita India's step-down subsidiary, Gravita Netherlands BV, is acquiring an additional 15% stake in its Romanian arm, Gravita Europe S.R.L. The acquisition involves 3,50,891 shares for a total cash consideration of approximately ₹7.24 Crores (685,000 EURO). This move increases Gravita's ownership in the Romanian entity from 80% to 95%. Gravita Europe S.R.L. is focused on waste tyre recycling and reported a turnover of ₹3.32 Crores as of September 2025.
Key Highlights
Acquisition of 15% additional stake in Gravita Europe S.R.L. for approximately ₹7.24 Crores
Total shareholding in the Romanian subsidiary to increase from 80% to 95% post-acquisition
Target entity reported a turnover of ₹3.32 Crores for the period ending September 30, 2025
The transaction is expected to be completed within an indicative timeline of 30 days
The target company specializes in the recycling and trading of waste tyres in Romania
💼 Action for Investors
This consolidation of ownership in a key European recycling market is a positive strategic move for long-term growth. Investors should monitor the subsidiary's contribution to the consolidated bottom line as it scales operations.
Gravita India Appoints Yogesh M. Kharbanda as Executive Director for Sales & Marketing
Gravita India Limited has appointed Mr. Yogesh M. Kharbanda as Executive Director-Non Board Member (Sales & Marketing), effective January 01, 2026. Mr. Kharbanda brings over 30 years of extensive experience in international marketing, business development, and corporate governance to the senior management team. His previous leadership roles at Eicher International and Apollo International, along with his 15-year tenure as Founder Director of Grafimpex Pvt Ltd, suggest a strong focus on global expansion. This strategic hire is aimed at enhancing the company's market-entry strategies and long-term business sustainability.
Key Highlights
Appointment of Mr. Yogesh M. Kharbanda as Executive Director (Sales & Marketing) effective Jan 1, 2026.
The appointee brings over 30 years of professional experience in international markets and business strategy.
Educational background includes an engineering degree from MNIT Jaipur and a PGDBM from MDI Gurgaon.
Previous leadership experience includes roles at Eicher International Ltd, Apollo International, and TPH.
💼 Action for Investors
Investors should view this as a positive move to strengthen Gravita's global sales and marketing capabilities. Monitor how this leadership addition impacts the company's international revenue growth and market penetration in the upcoming fiscal years.