Shares of Gravita India Ltd. had closed the March 31, 2021 session at ₹90.5. Four years later, on March 31, 2025, the stock was at ₹1,832, a return of 1934% in four years.During this four years, promoters of the company have used various methods to bring their stake down to 59.3% from 73% earlier.
However, another segment of investors who have pared stake in the company, has been the retail investors.
At the end of the March quarter, retail shareholders (a combination of investors with authorised share capital of up to and above ₹2 lakh) had a 15.8% stake in the company, which is lower than the 22.9% stake they owned four years earlier.
The stake sold by Gravita’s promoters and retail investors was lapped up by domestic mutual funds, and foreign portfolio investors.FPIs, which did not have any stake in Gravita at the end of the March 2021 quarter, now have a 14% stake, while Mutual Funds now have a 2.6% stake from the 0.3% they owned four years ago.
However, another segment of investors who have pared stake in the company, has been the retail investors.
At the end of the March quarter, retail shareholders (a combination of investors with authorised share capital of up to and above ₹2 lakh) had a 15.8% stake in the company, which is lower than the 22.9% stake they owned four years earlier.
The stake sold by Gravita’s promoters and retail investors was lapped up by domestic mutual funds, and foreign portfolio investors.FPIs, which did not have any stake in Gravita at the end of the March 2021 quarter, now have a 14% stake, while Mutual Funds now have a 2.6% stake from the 0.3% they owned four years ago.
Gravita India is in the business of manufacturing lead metal and other lead products by the recucling and smelting process.
All seven analysts who have coverage on Gravita India have a “buy” rating on the stock. Bloomberg consensus estimates project a potential upside of 33% on the stock.
Shares of Gravita India are trading 1.5% lower on Monday at ₹1,828.1. The stock is down 33% from its 52-week high of ₹2,700.
