Gravita India Ltd. share price target

...

Gravita India Limited (GIL) is one of India's leading nonferrous metal recyclers and India's largest secondary lead metal producing company. It is in the business of recycling lead acid batteries, lead scrap, aluminum scrap and plastic scrap at various locations across the globe. It is not only present in India but also has a significant presence outside India as well. The state-of-the-art recycling facilities are located in the established growth centres of Asia, Africa and Central America. It enjoys patronage of its products in more than 59 countries. In addition, GIL also provides turnkey solutions to recycling industry and has supplied more than 60...

We recently met the management of Gravita India (GIL) to understand the business model and long term prospects. Established in 1992, GIL is engaged in manufacturing and trading of lead and lead based products. The company carries out smelting of lead ore, concentrate and battery scrap to produce primary and secondary metal. GIL manufactures pure lead, lead alloys, lead powder and oxides. The company is also engaged in processing aluminium scrap to aluminium ingots/alloys and manufacturing of recycled polypropylene granules, PPCP Granules and...