Gravita India reported a resilient performance for FY26, showcasing a five-year CAGR of 25% in revenue, 49% in EBITDA, and 31% in PAT. The company achieved a consolidated annual revenue of INR 4,265 crore, reflecting 10% year-on-year growth. Gravita continues to focus on its Vision 2029 and Vision 2030 strategies, expanding its recycling footprint into copper, lithium-ion, and rubber sectors to drive long-term sustainable growth and value-added product contributions.
Financial Highlights for FY26
Gravita India concluded the 2026 fiscal year with strong financial results. The company recorded an annual revenue of INR 4,265 crore. The adjusted consolidated EBITDA grew by 12% year-on-year to INR 452.48 crore, maintaining healthy margins of 10.6%. Additionally, the PAT increased by 21% to INR 378.80 crore, representing a PAT margin of 8.88%.
Strategic Diversification and Expansion
The company has made significant strides in diversifying its recycling portfolio. A key development was the 99.44% stake acquisition in Rashtriya Metal Industries Limited (RMIL) for INR 560 crore, marking its entry into the high-growth copper segment. To support this, Gravita plans a new copper recycling facility in Mandvi, Gujarat, with an initial capacity of 29,400 metric tons.
Gravita’s total installed capacity has reached approximately 4.57 lakh metric tons per annum, with a medium-term goal to exceed 8 lakh metric tons by FY29. Furthermore, the company has commissioned a 6,000 metric ton per annum pilot lithium-ion battery recycling facility at Mundra to strengthen its presence in the EV battery segment.
Investment and Capital Allocation
To support its growth ambitions, Gravita has earmarked a total CAPEX of INR 1,700 crore through FY29. Of this investment, INR 815 crore is dedicated to strengthening existing business lines, while the remainder will fuel entry into new recycling verticals. During FY26, the company invested INR 372 crore in capital expenditure. The management remains committed to maintaining a robust ESG rating and advancing sustainable recycling practices across its global operations.
Operational Outlook
Despite geopolitical challenges impacting logistics, the company successfully increased total volumes by 5% to 56,208 metric tons. Management expressed confidence in achieving a 20%-25% CAGR in volume over the next three years. Future operational efficiency is expected to be bolstered by the formalization of the recycling industry and the ongoing transition to higher value-added product mixes across lead, copper, and rubber recycling divisions.
Source: BSE
