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Towards Clean, Green & Sustainable Future INVESTOR PRESENTATION Jan 2024 Towards Clean, Green & Sustainable Future INVESTOR PRESENTATION OCT 2025
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GRAVITA, Started In 1992 by First Generation Entrepreneur RAJAT AGRAWAL at JAIPUR 2
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We are on an AMAZING JOURNEY 2015Diversified in Plastic recycling Added Aluminium Recycling2016 Value added products in Jaipur2013 Listed on NSE & BSE2010 1st recycling unit in Ghana 2006 1st Overseas recycling unit at Sri-Lanka 2000 Lead recycling plant in Jaipur 1995 3 New recycling facility at Mundra port 2021 Added Rubber Recycling, Became MCX empaneled brand 2022 Started Aluminium & Plastic recycling in Africa 2019 Added Value Added products in Africa 2023 Rubber recycling in Europe2025
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Building a Green World through Recycling 4 To be the most valuable company in the recycling space globally. Vision Business Verticals Lead Aluminium Plastic Rubber Turnkey Solutions Upcoming Diversifications: Lithium-ion Community development Advance education Combat hunger Safeguard the environment Social Responsibility Rank among the top five global recycling companies by 2028, driven by Diversification Sustainable growth Eco-friendly innovation Stakeholder value creation Mission Unwavering commitment to sustainability- driven values continues to light the growth path. Fairness Trust Respect Passion Nurturing Relationship Core Values
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Management Commentary & Business Outlook 5 “Gravita has reported a steady performance in H1FY26, showcasing consistent strength across both operational and financial parameters in all major business verticals. Staying true to its VISION 2029 roadmap, Gravita is strategically expanding capacities across its core businesses—lead, aluminium, plastic, rubber, and turnkey solutions—with a target of crossing 7 LTPA by FY28. Simultaneously, it is scaling up new growth avenues such as lithium-ion, paper, and steel recycling. The company remains committed to achieving over 25% volume CAGR, 35%+ profitability growth, and 25%+ ROIC, while steadily increasing the share of value-added products beyond 50% and non-lead segments above 30%, underpinned by strong ESG principles. Coming to Q2FY26 performance, Gravita saw YoY growth of 4%, 12%, 10% & 33% in volumes, revenue, EBITDA, and PAT respectively, maintaining a healthy ROIC of 25%. Growth in value-added product contribution and domestic scrap sourcing underscores the company’s integrated model and efficiency gains. Backed by robust supply chain efficiency, capacity augmentation, strategic diversification, and consistent execution under favorable government policies, Gravita is well placed to drive long-term value creation.”
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VISION 2029 New recycling Verticals Lithium, Steel, Rubber & Paper 25% + Volume CAGR 35% + Profitability Growth 25%+ ROIC 50%+ Value added products 30%+ Non-Lead business Our Priorities ● Judicious use of capital 6 ● Shareholder value creation ● Return accretive growth 10%+ Reduction in Energy consumption 30% + Renewable Power usage
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23 % Revenue CAGR - 5 Yrs 57% PAT CAGR - 5 Yrs FINANCIAL Highlights AA- External credit rating from ICRA & India Ratings 14 Years History of sustainable dividend payouts 9-10% Consistent EBITDA margins Locking the margins Back-to-back hedging mechanism in place 7 67% 51% 37% 63% 49% 62% FY21 FY22 FY23 FY24 FY25 Revenue (Cr) India Overseas 2216 36% 32% 38% 3161 1410 33% 64% 2801 67% 37% 63% 68% 3869 62% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 0 50 100 150 200 250 300 350 FY21 FY22 FY23 FY24 FY25 PAT (Cr) and PAT Margin (%) India Overseas PAT Margin 6.32% 51% 61% 39% 75% 61% 27% 49% 39% 73% 8.07% 3.20% 25% 52 7.18% 139 7.57% 201 239 312 FY21 FY22 FY23 FY24 FY25 Capital Employed (Cr) India Overseas 1408 544 71% 29% 31% 69% 61% 39% 807 68% 969 32% 49% 51% 2375
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72.00 93.26 95.99 7.76% 8.97% 9.27% -1.00% 1.00% 3.00% 5.00% 7.00% 9.00% 11.00% - 20.00 40.00 60.00 80.00 100.00 120.00 Q2FY25 Q1FY26 Q2FY26 PAT (Cr) PAT PAT% QUARTERLY HIGHLIGHTS - Q2 FY26 *EBITDA after adjustment of income/loss from Currency & Metal hedging 42,151 46,215 44,187 3,515 4,812 4,458 3,000 2,414 2,040 Q2FY25 Q1FY26 Q2FY26 VOLUME (MT) Lead Aluminium Plastic 4% Volume Y-o-Y 12% Revenue Y-o-Y 88 Forging Ahead - VISION 2029 33%+ PAT Y-o-Y 10%+ EBITDA Y-o-Y 21,642 21,790 23,196 18,386 17,140 14,786 10,497 10,213 10,122 Q2FY25 Q1FY26 Q2FY26 EBITDA per MT Lead Aluminium Plastic 101.48 111.70 111.81 10.94% 10.74% 10.80% 7.00% 95.00 100.00 105.00 110.00 115.00 Q2FY25 Q1FY26 Q2FY26 EBITDA* (Cr) EBITDA EBITDA % 927 1040 1036 Q2FY25 Q1FY26 Q2FY26 REVENUE (Cr)
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Capacity Expansion & CAPEX over the Years 9 7,00,000+ MTPA Capacity planned by FY 2028 Capex plan upto FY 2028 98 107 166 346 352 40 40 280 FY24 FY25 FY26E FY27E FY28E CAPEX (Rs Cr.) Existing Verticals New Verticals 3,02,859 3,33,659 4,66,159 5,89,159 7,03,659 FY24 FY25 FY26E FY27E FY28E Capacity (MT) Lead Aluminium Plastic Rubber Total
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RETURN ON INVESTED CAPITAL ● 3 Years Maximum Payback period ● 8+ Asset turnsCapital Allocation policy for new projects 10 ● 25% + ROIC Target ROIC 25% + Consolidated Drivers of ROIC ● Improving industry dynamics ● Resultant reduction in working capital ● Improving demand- supply ● Value added products 19% 30% 31% 26% 27% 25% FY21 FY22 FY23 FY24 FY25 H1 FY26 *on Average Invested Capital (Pre-tax) *EBITDA after adjustment of income/loss from Currency & Metal hedging
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Our Entry into new verticals is based on proven, existing Gravita’s Strengths. Leveraging existing GRAVITA’S STRENGTHS Operation Excellence Diversified Customer network Deep Routed procurement network 11
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Import License in India Based on past years performance Specialist Knowledge Experience & Technical Know- how OEM Approvals Takes time to get products approved from OEM’s Time & Cost of Entry Customer Base, Capacity procurement networks Multinational Procurement Network Global Presence Capability to Develop Customized Products More Value-added products for better margins Industry Specific ENTRY BARRIER 12
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● Global spread helps reduce logistics costs and procure material cheaper. ● Start small > grow volumes > establish new plants close to procurement sources. ● Increased flexibility in recycling closest to raw material access and consuming markets. GLOBAL & PAN INDIA Operations Africa Ghana (Accra) Senegal (Dakar) Mozambique (Maputo) Tanzania (Dar-es-Salam) Togo (Lome) Head Quarters India (Jaipur, RJ) Upcoming FacilitiesExisting Facilities Asia India - Kathua (J&K) - Jaipur (Rajasthan) - Jaipur SEZ (Rajasthan) - Chittoor (Andhra Pradesh) - Mundra (Gujarat) - Sri Lanka (Mirigama) 13 America Dominican Republic Europe - Romania (Piatra Neamț)
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Deep presence in Asia , Africa , Middle East, Europe & America ensures raw material at competitive prices Deep Routed PROCUREMENT NETWORK Americas Touch Points- 30+ Scrap collection (MT) -42,500+ Africa Own Yards - 27 Touch Points- 850+ Scrap collection (MT) -98,000+ Asia Own Yards - 5 Touch Points- 1000+ Scrap collection(MT) - 141,000+ Europe Own Yards - 1 Touch Points- 15+ Scrap collection(MT) – 4.500+ 33 Own yards 1900+ Touch points 2,87,000 MT+ Scrap collection Deep presence in Asia , Africa , Middle East, Europe & America ensures raw material at competitive prices 14 Australia Touch Points- 5+ Scrap collection(MT) - 1300+
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Diversified CUSTOMER NETWORK - GLOBAL Americas Countries - 3 Customers -6 Delivered- 11,000 MT + Middle East Countries - 6 Customers -30 Delivered- 33,000 MT+ Asia Countries - 15 Customers -285 Delivered- 1,54,000 MT+ 15 Europe Countries - 10 Customers -19 Delivered- 5,200 MT+ 34 + Countries 340 + Customers 2,03,000 MT + Recycled products delivered
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Diversified CUSTOMER NETWORK- INDIA 16 Gravita with pan India presence enjoys the logistic benefits by serving : ● 200+ domestic customers in 20 states in India ● 50+ overseas customers in 30 countries.
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4 Recycling Verticals 2.87 Lac+ MT Scrap Collection 1900+ Touch Points Globally 40% Overseas Capacity* 63% Capacity Utilization* 3.40Lac+ MT Production Capacity* 60000 MT+ Healthy Orderbook ILA India’s only Accredited Plants 12 Recycling Plants OPERATIONAL EXCELLENCE 17 47% Customized & Value-added products* * As on 30.09.2025
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18 OUR PARTNERS (Strong Partnering Capability) Disclaimer : All logos & trademarks are owned by respective IP owners
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TURNKEY SOLUTIONS for Recycling 19 In house Recycling Technology Technical Consultancy & Services for Recycling PLC based Control & Monitor System for advanced set-ups Annual Maintenance Contracts Executed more than 70+ turnkey projects globally including Qatar, UAE, Saudi Arabia, Poland, Chile Regular R&D for cost effective & environment friendly processing. Turnkey Solutions Planning and Specification Design Fabrication Testing Installation Operation Handover
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Sunil Kansal Whole Time Director & CFO ROBUST MANAGEMENT & focus on Human Capital 20 Rajeev Surana Executive Director* Naveen Sharma Executive Director* Vijay Pareek Executive Director* Yogesh Malhotra Whole Time Director & CEO Rajat Agrawal Managing Director Ajay Thapliyal Director* 3000 + Employees 250+ Professionals (CA’s, MBA’s, Engineers) 36 Yrs Average Employee Age 5 Yrs Average Employee Association 17 Yrs Average Management Association 4 rounds ESOP’s 29 Yrs + Avg Management Experience in diversified Industries 100% Employees covered under incentive schemes * Non-Board Member Sandeep Choudhary Director*
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CUSTOMIZED AND VALUE-ADDED PRODUCTS Our Capability to produce customized and value-added products for diversified customer segments gives us better contributions and larger pie of customer's product mix. Customized Lead Alloys Lead Sheets Lead Bricks Red Lead Lead Oxide Customized Aluminium Alloys Plastic Granules 21 42% 43% 45% 46% 50% 35% 37% 39% 41% 43% 45% 47% 49% 51% FY22 FY23 FY24 FY25 FY28E Value Added Products % in revenue
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7.23% 8.32% 9.70% 10.21% 10.47% 10.43% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% FY20 FY21 FY22 FY23 FY24 FY25 EBITDA Margin • To mitigate the risk of commodity prices fluctuation from June. 2016 • Metal equivalent of the scrap bought, is sold on the same day • Pricing against Customer contracts – Natural Hedging • Forward Contracts on LME Exchange for balance quantity - till final sale to customer • Core inventory was not part of back-to-back hedging • Gravita started hedging of core inventory also in June 2019 by taking a forward contact on LME Exchange. • June 2019 onwards Gravita enjoys stable margins and is not affected by the commodity price fluctuations Risk Mitigation by BACK-TO-BACK HEDGING mechanism 22 1947 1867 2283 2105 2105 2121 2046 LME $ $ $ $ $ $ $
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Improving MARKET DYNAMICS IN RECYCLING - Paradigm Shift Vehicle Scrappage Policy EPRBWMR GST Better capacity utilizations Shift from informal to formal Improved logistics Tie-ups with OEM's More availability of domestic scrap Reduced working capital cycle PARADIGM SHIFT 23
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With redefining of Battery Waste Management Rules (BWMR) , Extended producers responsibility (EPR) and stricter implementation of GST, the scrap availability for formal recycling sector has increased and is further expected to grow. Shift from INFORMAL TO FORMAL Gravita having Pan India presence and association with OEM’s will benefit the most from this shift Informal Lead recycling trend in India 24 *Source - Management estimate 9000 12000 13875 FY16 FY25 FY26E Market Size 80% 60% 25% Informal Segment 20% 40% 75% Formal Segment Indian Lead Recycling Market (Cr)
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Sustainable Circular Business Model Business Model Last mile Procurement Segregation / Sorting / Quality Inspection Eco-friendly Processing Value Added Products Quality Check & Delivery Customer Satisfaction / R&D Lead, Aluminium, Plastic, and Rubber scrap from various sources. Segregation and sorting of scrap materials with rigorous quality inspections. Smelting & Refining of Lead and Aluminium, Shredding and reprocessing plastic & rubber. Manufacturing of Lead Alloys, Red Lead and associated products, Aluminium Alloys and Plastic Granules. Ensuring quality meets industry standards. Timely and efficient delivery to OEM’s. Continuous engagement to ensure customer satisfaction along with continual R&D. 25
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Recycled Products* • Lead – 170,500 MT • Aluminium – 14,000 MT • Plastics – 9,300 MT • Tyre Oil- 5,500 KL Conserving Nature • 13.7 % green energy (biofuels + RE) in total energy usage • 26.3% energy consumption from alternative fuels (AFR) • Rainwater Harvesting is implemented at Head Office Building. Alternate Energy Source – Solar • 49% jump in RE power generation YoY • 16.5 Lakh units of RE power generated in H1- FY26 • 250 KWp Senegal solar plant commissioned, 586 KWp PPA signed for Chittoor Clean Technology Initiatives • 30 MT Electric refining pot commissioned in Mundra replacing conventional liquid fuel. • Oxygen trials in Phagi plant are in advanced phase. 26 Deriving Value from Waste through Modern Recycling and Recovery ENVIRONMENT, Social & Corporate Governance 4 Recycling Verticals 2.87Lac+ MT Scrap Collection ISO 14001:2015 Certified 12 Recycling Plants 2.03Lac+ MT Products Delivered * FY 24-25
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Aiming to make Holistic & Meaningful Contributions to Society Environment, SOCIAL & Corporate Governance 4 Rounds of ESOPs ~6.6% Women Employees ISO 45001:2018 Certified Zero fatalities for H1 FY26 New L&D portal launched Women employees stood at 6.6% in H1 FY26 against 6.9% in H1 of FY25 100% Health insurance coverage for employees Rolled out first ever talent development programme, “Gravita Ignite” 100% plants are ISO 9001:2015 certified, 50% plants ISO 14001 & ISO 45001 certified^ 27 * Higher LTIFR number due to improved focus on safety incidence reporting across locations. ^-Romania plant not considered ~2.75 Cr CSR Spend
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• 50% Independent Directors on Board • Created ESG committee of Board of Directors Board Composition ▪ Zero complaints of ethical breaches and non-compliance with statutory requirements across our plants. Zero Ethical Breaches ▪ Recognized as a 4-star Export House by the Government of India. • MCX empaneled brand for refined Lead. Best Sustainable supplier award to Chittoor unit from Amara Raja Energy & Mobility Ltd Achievements ▪ Compensation for Directors, KMP, and Senior Management are designed to strike balance between fixed and incentive-based components to drive business growth Executive Compensation Policy • Completed limited assurance for BRSR core indicators Detailed Disclosures 28 Weaving a Culture Rich in Ethics, Accountability and Transparency Environment, Social & CORPORATE GOVERNANCE 50% Independent Directors ILA* Registered Plants ISO 9001:2015 Certified AA- Ratings by ICRA & India Ratings MCX Empaneled Brand *ILA – International Lead Association, a global Lead trade association
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29 Our ESG roadmap is the guide for an effective integration of our ESG priorities into the company's strategy & decision-making process Environment, Social, Governance ROADMAP Key Area Performance Indicator Short Term Targets (FY27) Energy Energy Intensity 10% reduction RE Power RE Power Usage 30% of total power usage GHG emissions (scope 3) Scope 3 emissions Scope 3 emissions reporting Water Management Water Intensity 10% Reduction Waste Management Waste Utilization 10% Utilization Safety ISO 45001 Framework 100% implementation across group Quality Customer Rejection 10% reduction Base Year: FY24
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30 Key ESG Targets sets by Gravita India with timelines Key Area Performance Indicator Mid term Targets (FY34) Energy Energy Intensity 20% Reduction RE Power RE Power Usage 50% RE power usage GHG emissions (scope 3) Scope 3 emissions Strategy and execution for scope 3 reduction Water Management Water Intensity 25% Reduction, Water Neutrality for India operations Waste Management Waste Utilization Partnership for waste utilization Safety LTIFR 50% reduction Quality Customer Rejection Zero customer rejection on quality performance Gender Diversity % Women employees 100% improvement Base Year: FY24, for Safety Base year is FY26 Environment, Social, Governance ROADMAP
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31 Key ESG Targets sets by Gravita India with timelines Key Area Performance Indicator Long Term Targets (FY50) GHG Emissions (Scope 1+2) Emissions reduction Net Zero emissions Water Management Water Neutrality Water Neutrality for Gravita Group by 2040 Waste Management Waste Utilization Zero waste to Landfill for India (2040) Zero Waste to Landfill for Gravita group (2050) Safety Health & Safety framework Best In class Health & Safety framework implementation For detailed view of ESG roadmap, please refer ESG section of our website www.gravitaindia.com Environment, Social, Governance ROADMAP
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Thank You SAVE THE PLANET Company Contact: Nitin Gupta (Company Secretary) Gravita India Limited CIN:L29308RJ1992PLC006870 companysecretary@gravitaindia.com M:+91 70733 32660 Investor Relations Contact: Anant Jain Gravita India Limited anant.jain@gravitaindia.com M:+91 96546 58598