External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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Equity Bottom-Up

<ul><li>Gravita India Ltd (Gravita), one of the largest recycling companies in India, is well positioned to benefit from strong industry tailwinds and healthy traction within the sector.</li><li>Its Lead recycling vertical, which accounted for ~88% of revenue in FY24, is expected to achieve significant growth in the domestic market due to favorable regulatory changes.</li><li>Additionally, the expansion of its geographical reach and product portfolio will be key drivers of its international business.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gravita India Ltd (Gravita), one of the largest recycling companies in India, is well positioned to benefit from strong industry tailwinds and healthy traction within the sector.Its Lead recycling vertical, which accounted for ~88% of revenue in FY24, is expected to achieve significant growth in the domestic market due to favorable regulatory changes.Additionally, the expansion of its geographical reach and product portfolio will be key drivers of its international business.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gravita (India) - Turning Trash into Triumph, Globally

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>We are initiating coverage on Gravita India Ltd. (Gravita) with a BUY recommendation and a target price of Rs 3,000/share, implying an upside of 20% from the CMP.</li><li>Established in 1992, Gravita India Ltd is a leading recycling company and one of the largest lead producers in India.</li><li>The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum Recycling, Plastic Recycling and Turnkey Projects. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We are initiating coverage on Gravita India Ltd. (Gravita) with a BUY recommendation and a target price of Rs 3,000/share, implying an upside of 20% from the CMP.Established in 1992, Gravita India Ltd is a leading recycling company and one of the largest lead producers in India.The company's business is organized across four specialized verticals: Lead Recycling (flagship), Aluminum Recycling, Plastic Recycling and Turnkey Projects. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gravita India Ltd. - Capitalizing on the Recycling Revolution

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Despite surging 2x in the last three months, we see further steam in Gravita India (GRAV) stock on the back of: 1) Regulatory tailwinds aiding availability of scrap in domestic market; 2) planned expansion in Europe; and 3) increased use of recycled material across products and geographies.</li><li>In our view, the positive impact of regulatory tailwinds and benefits from planned capacity expansion as per 2028 plan is likely to be visible in earnings in medium term.</li><li>Outlook Hence, we shift our valuation methodology to DCF (earlier P/E) in order to adequately capture the growth path.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Despite surging 2x in the last three months, we see further steam in Gravita India (GRAV) stock on the back of: 1) Regulatory tailwinds aiding availability of scrap in domestic market; 2) planned expansion in Europe; and 3) increased use of recycled material across products and geographies.In our view, the positive impact of regulatory tailwinds and benefits from planned capacity expansion as per 2028 plan is likely to be visible in earnings in medium term.Outlook Hence, we shift our valuation methodology to DCF (earlier P/E) in order to adequately capture the growth path.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The GST Council has introduced the reverse charge mechanism (RCM) on supply of metal scrap by a unregistered person to a registered person.</li><li>About 65% of the lead recycling market is unorganized, which gets meaningful cost advantage (18%) over organized players through GST evasion.</li><li>With the introduction of RCM, the responsibility of deducting and depositing of GST would now transfer to the buyer of scrap.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The GST Council has introduced the reverse charge mechanism (RCM) on supply of metal scrap by a unregistered person to a registered person.About 65% of the lead recycling market is unorganized, which gets meaningful cost advantage (18%) over organized players through GST evasion.With the introduction of RCM, the responsibility of deducting and depositing of GST would now transfer to the buyer of scrap.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gravita India - Introduction of Reverse Charge Mechanism Favorable for GRAV

India

Gravita India Limited manufactures lead metal and other lead products by the recycling and smelting process. The Company produces lead ingots, lead alloys, and lead oxides.

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Gravita India (GRAV IN)

Gravita (India) - Turning Trash into Triumph, Globally

Gravita India Ltd (Gravita), one of the largest recycling companies in India, is well positioned to benefit from strong industry tailwinds and...

Motilal Oswal

Gravita India Ltd. - Capitalizing on the Recycling Revolution

We are initiating coverage on Gravita India Ltd. (Gravita) with a BUY recommendation and a target price of Rs 3,000/share, implying an upside of...

Axis Direct

Gravita India - The Stars Shine Down

In our view, the positive impact of regulatory tailwinds and benefits from planned capacity expansion as per 2028 plan is likely to be visible in...

ICICI Securities Limited

Gravita India - Introduction of Reverse Charge Mechanism Favorable for GRAV

The GST Council has introduced the reverse charge mechanism (RCM) on supply of metal scrap by a unregistered person to a registered person.

Emkay

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