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Towards Clean, Green & Sustainable Future INVESTOR PRESENTATION JULY 2026
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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Gravita India Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years. Disclaimer
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Started In 1992 By First Generation Entrepreneur Rajat Agrawal at Jaipur
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We are on an AMAZING JOURNEY Lead recycling plant in Jaipur 1995 1st Overseas recycling unit at Sri-Lanka 2000 1st recycling unit in Ghana 2006 Listed on NSE & BSE 2010 Value added products in Jaipur 2013 Diversified in Plastic recycling 2015 Added Aluminium Recycling 2016 Started Aluminium & Plastic recycling in Africa 2019 New recycling facility at Mundra port 2021 Added Value Added products in Africa 2023 Rubber recycling in Europe 2025 Li Battery recycling & Acquired business of Copper VAP 2026 Added Rubber Recycling, Became MCX empaneled brand 2022
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Building a Green World through Recycling Unwavering commitment to sustainability-driven values continues to light the growth path. Vision To be the most valuable company in the recycling space globally. Upcoming Diversifications • Steel Mission Rank among the top five global recycling companies , driven by • Diversification • Sustainable growth • Eco-friendly innovation • Stakeholder value creation Core Values • Fairness • Trust • Respect • Passion • Nurturing Relationship Social Responsibility • Community development • Advance education • Combat hunger • Safeguard the environment Business Verticals • Lead • Aluminium • Plastic • Rubber • Turnkey Solutions • Copper • Lithium
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Management Commentary & Business Outlook 6 Gravita continued its growth trajectory in Q1FY27, translating strategic capacity additions, operational excellence, and an enhanced value-added product mix into strong financial performance, delivering YoY growth of 42% in revenue, 29% in EBITDA, and 14% in PAT. During the quarter, the Company incurred capex of ~Rs. 30 crore and expanded its Phagi lead recycling capacity by 40,500 MTPA to 75,819 MTPA. We are also pleased to share that our Mundra plant received the prestigious London Metal Exchange (LME) Brand Listing for its lead metal under the brand name "GRAVITA M," validating global quality standards, enabling worldwide LME warehouse deliverability, and strengthening the Company's international market presence. Further, ICRA Limited upgraded the Company's credit rating, reflecting its strong financial profile and prudent capital management. In line with VISION 2030, Gravita is reinforcing its leadership in core recycling businesses while strategically diversifying into high-growth verticals. The Company commissioned a pilot lithium-ion battery recycling project and expanded its portfolio through the acquisition of RMIL, marking its entry into copper recycling. Backed by continued capacity expansion, diversification of revenue streams, a rising contribution from value-added and non-lead businesses, operational excellence, and disciplined ESG-led execution, Gravita is well equipped to capitalize on the expanding circular economy opportunity and create superior long-term value for its stakeholders. “ “
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7 Scalable Growth with Diversification • Expansion across core recycling segments • Expansion in new verticals: Copper, Rubber & Steel Disciplined Growth Targets • ~20–25% Volume CAGR • ~ Sustain high ROIC (~25%) • ~30–35% profitability growth Evolving Business Mix • Increasing share of value-added products (~45–50%) • Expanding contribution from non-lead businesses (~35–40%) Sustainable & Efficient Operations • Higher renewable power usage (~25–30%) • Improved energy efficiency (~8– 10% reduction) Vision 2030 Our Priorities Judicious use of capital Shareholder value creation Return accretive growth
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Financial Highlights 25 % Revenue CAGR - 5 Yrs 9-10% Consistent EBITDA margins AA- External credit rating from ICRA & India Ratings 48% PAT CAGR - 5 Yrs Locking the margins Back-to-back hedging mechanism in place 15 Years Dividend payouts history Revenue (Cr.) PAT (Cr.) and PAT Margin (%) FY22 FY23 FY24 FY25 FY26 India Overseas 37% 30% 32% 2,216 36% 63%64% 38% 62% 70% 68% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 0 50 100 150 200 250 300 350 400 FY22 FY23 FY24 FY25 FY26 India Overseas PAT Margin 6.29% 51% 75% 79% 27% 49% 39% 73% 61% 21% 8.07% 8.88% 25% 7.18%139 7.57%201 239 312 FY22 FY23 FY24 FY25 FY26 India Overseas 1,408 31% 69% 61% 39% 807 68% 969 32% 49% 51% 2,375 Capital Employed (Cr.) 2,801 3,161 3,869 4,265 379 3,068 28% 72%
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Quarterly Highlights – Q1 FY27 9 4 % Volume Y-O-Y 29 % EBITDA Y-O-Y 42 % Revenue Y-O-Y 14 % PAT Y-O-Y *EBITDA after adjustment of income/loss from Currency & Metal hedging and ECL reversals/charges Shaping Tomorrow - VISION 2030 EBITDA per MT Volume (MT) 21,790 20,300 24,181 17,140 17,885 25,175 10,213 17,714 10,197 39,955 55,151 Q1FY26 Q4FY26 Q1FY27 Lead Aluminium Plastic Copper 46,215 48,889 43,897 4,812 3,696 3,799 2,414 2,879 3,703 744 4,055 Q1FY26 Q4FY26 Q1FY27 Lead Aluminium Plastic Copper 1040 1173 1475 Q1FY26 Q4FY26 Q1FY27 REVENUE (Cr) 111.70 112.91 144.54 10.74% 9.63% 9.80% 7.00% - 50.00 100.00 150.00 200.00 Q1FY26 Q4FY26 Q1FY27 EBITDA EBITDA % EBITDA* (Cr) 93.26 91.88 106.39 8.97% 7.83% 7.21% 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% 85.00 90.00 95.00 100.00 105.00 110.00 Q1FY26 Q4FY26 Q1FY27 PAT PAT% PAT (Cr)
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Capacity Expansion & CAPEX over the Years Capacity (MT) 8,00,000+ MTPA Capacity planned by FY 2029 CAPEX plan upto FY 2029 107 200 250 375 190 172 335 380 150 FY25 FY26 FY27E FY28E FY29E Existing Verticals New Verticals Capex (Cr) 3,33,659 4,19,959 4,98,959 6,28,959 6,54,959 37,200 37,200 1,06,600 1,46,600 FY25 FY26 FY27E FY28E FY29E Existing Verticals New Verticals Shaping Tomorrow - VISION 2030
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Strategic Entry into Copper : Acquisition of RMIL 11 Enters copper and copper alloys segment through strategic acquisition of RMIL, strengthening non-lead portfolio Gravita has acquired 99.44%* stake in Rashtriya Metal Industries Limited (RMIL) for Rs. 561.84 crore, marking its strategic entry into the copper and copper alloys segment. The acquisition strengthens its non-lead portfolio and enhances its position as an integrated, multi- material recycling and value-added products company. Acquisition Rationale and Synergies Portfolio Diversification & Value Chain Expansion Entry into copper & alloys expands beyond lead, plastic, rubber, lithium and aluminium, strengthening multi-metal integration Margin Enhancement & Efficiency Improved product mix and operating leverage drive higher margins Access to High-Barrier Segments RMIL’s presence in electrical & defence, unlocks new business segments Cross-Selling Synergies Opportunity to leverage RMIL’s customer base to drive incremental revenues Backward Integration Copper scrap-to-alloy capability enhances cost control and reduces supplier dependency. About RMIL Legacy & Global Presence Founded in 1946, RMIL is one of India’s oldest copper and copper alloy manufacturers, with exports across key global markets. Strong Manufacturing Base Operates a dedicated facility in Sarigram, Gujarat with a capacity of 31,200 MTPA. Solid Financial Performance Reported revenue of Rs. 1040 Cr and EBITDA of Rs. 82 Cr for entire FY26 *As on 07.05.2026
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Return on Invested CAPITAL *on Average Invested Capital (Pre-tax) 3 Years Maximum Payback period 25%+ ROIC 8+ Asset turns Capital Allocation policy for new projects *EBIT after adjustment of income/loss from Currency & Metal hedging 19% 30% 31% 26% 27% 24% FY21 FY22 FY23 FY24 FY25 FY26# Target ROIC* 25% + Drivers of ROIC • Improving industry dynamics • Resultant reduction in working capital • Improving demand-supply • Value added products #Pre acquisition of RMIL on 12th March 2026
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Barriers to Entry Turnkey Recycling Technology Solutions Global Operations & Integrated Supply Chain Robust Management Operation Excellence Customized & Value- Added Products Strong Partnering Capability Risk Mitigation-Back- to-Back Hedging Mechanism Deep-rooted procurement network Diversified Customer network Leveraging Existing Gravita’S Strengths Our Entry into new verticals is based on proven, existing Gravita’s Strengths.
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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 Industry Specific Entry Barrier
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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 Europe - Romania (Piatra Neamț) America - Dominican Republic Upcoming Facilities Existing Facilities Africa Ghana (Accra) Senegal (Dakar) Mozambique (Maputo) Tanzania (Dar-es-Salam) Togo (Lome) Asia India - Kathua (J&K) - Jaipur (Rajasthan) - Jaipur SEZ (Rajasthan) - Chittoor (Andhra Pradesh) - Mundra (Gujarat) - Sarigam (Gujarat) Sri Lanka (Mirigama)
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Deep Routed - Procurement Network Americas Touch Points- 40+ Scrap collection (MT) -47,500+ Europe Own Yards - 1 Touch Points- 60+ Scrap collection(MT) – 13,000+ Africa Own Yards - 32 Touch Points- 900+ Scrap collection (MT) -74,250+ Asia Own Yards - 6 Touch Points- 1200+ Scrap collection(MT) - 1,92,250+ Australia Touch Points- 5+ Scrap collection(MT) - 3100+ 3,30,000 MT+ Scrap collection 2200+ Touch points 39 Own yards
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Diversified Customer Network - Global Americas Countries - 4 Customers -6 Delivered- 2,250 MT + Europe Countries - 6 Customers -11 Delivered- 5400 MT + Middle East Countries - 8 Customers -32 Delivered- 35,700 MT + Asia Countries - 13 Customers -340 Delivered- 1,54,000 MT + Africa Countries - 5 Customers -19 Delivered- 3,700 MT + 2,13,000 MT+ Recycled products delivered 400+ Customers 37 Countries
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Diversified Customer Network- India Gravita with pan India presence enjoys the logistic benefits by serving : • 250+ Domestic customers in 22 states in India • 50+ Overseas customers in 25 countries.
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Operational Excellence Recycling Verticals 06 Manufacturing Plants 14 Touch Points Globally 2200+ Customized & Value-added products* 63% Capacity Utilization 50% Overseas Capacity* 24% Lac+ MT Scrap Collection 3.30 India’s only Accredited Plants ILA MT+ Healthy Orderbook 60,000 Lac+ MT Production Capacity* 4.76 * As on 27.07.2026 (Excluding internal Rubber)
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Our Partners - Strong Partnering Capability Disclaimer : All logos & trademarks are owned by respective IP owners
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Turnkey Solutions For Recycling 21 In house Recycling Technology Technical Consultancy & Services for Recycling PLC based Control & Monitor System for advanced set-ups Executed more than 70+ turnkey projects globally including Qatar, UAE, Saudi Arabia, Poland, Chile Annual Maintenance Contracts Regular R&D for cost effective & environment friendly processing Planning Design Fabrication Testing Installation Operation Handover 01 02 03 04 05 06
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ROBUST MANAGEMENT & Focus On Human Capital Sunil Kansal Whole Time Director & CFO Yogesh Malhotra Whole Time Director & CEO Rajat Agrawal Chairman & Managing Director Rajeev Surana Executive Director* Naveen Sharma Executive Director* Yogesh Kharbanda Executive Director* Ajay Thapliyal Director* Sandeep Choudhary Director* 3,500 + Employees 250+ Professionals (CA’s, MBA’s, Engineers) 34 Yrs Average Employee Age 4 Yrs Average Employee Association 15 Yrs Average Management Association 4 rounds ESOP’s 30 Yrs + Avg Management Experience in diversified Industries 100% Employees covered under incentive schemes * Non-Board Member
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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 margins and larger pie of customer's product mix. Customized Lead Alloys Lead Bricks TPO Customized Aluminium Alloys Plastic Granules Lead Sheets Red Lead Copper Sheets Brass Cups Copper Foils
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MARKET DYNAMICS IN RECYCLING - Paradigm Shift Vehicle Scrappage Policy EPR BWMR 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
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Recycled Products* Lead – 1,98,398 MT Aluminium – 11,719 MT Plastics – 9,482 MT Tyre Oil- 5,890 KL Conserving Nature • 20% green energy (biofuels + RE) in total energy usage • Improving circularity - 10% energy consumption from alternative fuels (AFR) Alternate Energy Source – Solar • 26% jump in RE power generation YoY • 1.16 Million units of RE power generated in FY27-Q1. • Term sheet signed for 4.7 MWe of Hybrid RE Power for RMIL. Clean Technology Initiatives • Continued Oxygen trials at Phagi and planned for Chittoor in Q2. • Electric Forklift introduced in Phagi refining section. • 10 KLD STP commissioned in Senegal, improving recycling rate & reducing freshwater usage. ENVIRONMENT, Social & Corporate Governance Deriving Value from Waste through Modern Recycling and Recovery * FY 25-26 6 Recycling Verticals 14 Manufacturing Plants 3.30 Lac+ MT Scrap Collection ISO 14001:2015 Certified 2.13 Lac+ MT Products delivered
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Environment, SOCIAL & Corporate Governance Aiming to make Holistic & Meaningful Contributions to Society * Women employees decreased from 8.2% to 7.1% of total workforce due to RMIL inclusion 29% improvement in LTI & 5% increase in Manhours YoY. Rolled out first ever talent development programme, “Gravita Ignite” Women employees stood at 7% 100% Health insurance coverage for employees 67% reduction in quality complaints YoY. 100% plants are ISO 9001:2015 certified, 50% plants ISO 14001 & 45001 certified 4 Rounds of ESOPs 7% Women Employees ~3.47 Cr CSR Spend ISO 45001:2018 Certified
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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. • Focus on imparting training on Code of Conduct & Human Rights Policies. Zero Ethical Breaches • Received ISCC EU & ISCC PLUS Certification for African Plants. • 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 Reasonable assurance for BRSR core indicators as per SEBI norms for listed companies. Detailed Disclosures Weaving a Culture Rich in Ethics, Accountability and Transparency 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 Environment, SOCIAL & Corporate Governance
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Thank You SAVE THE PLANET SAVE THE PLANET Nitin Gupta Company Secretary companysecretary@gravitaindia.com M: + 91 70733 32660 CIN: L29308RJ1992PLC006870 Anant Jain Investor Relations anant.jain@gravitaindia.com M: + 91 96546 58598