Synopsis: The stock has delivered a compounded return of 50 percent over the last three years and gained around 3 percent intraday after announcing a Rs 559 crore acquisition to enter the copper and copper alloy recycling segment.
The small-cap recycling stock that engages in the business of processing metals and industrial waste has now announced a major strategic acquisition to enter the copper and copper alloy segment, expanding its presence into higher-margin recycled metal products.
With a market cap of more than Rs 10,600 Cr, Gravita India Ltd saw its stock hit an intraday high of Rs 1,546 which is 3 percent higher than the previous close of Rs 1,506. The company stock has given a compounded return of 50 percent in the last three years.
The Acquisition
Gravita India Limited has officially signed definitive agreements to acquire a 98.95 percent stake in Rashtriya Metal Industries Limited (RMIL) for Rs. 559.08 Crores. The transaction, expected to close by March 31, 2026, allows Gravita to expand its recycling expertise into copper and copper alloy manufacturing.
The Target Company
Rashtriya Metal Industries Limited (RMIL) is a prominent manufacturer of specialty cold-rolled strips, blanks, and cups in copper and copper alloys. With over 70 years of experience, the company operates a 15-acre modern integrated facility in Sarigam, Gujarat, where it maintains an installed production capacity of 31,200 MTPA.
RMIL serves global customers across critical sectors like automotive, electrical, and defense, with approximately 40 percent of its revenue generated through exports to international markets including the USA and UAE.
Copper Business Expansion
Gravita India has been a leading global recycling company primarily engaged in lead, aluminium, plastic, and rubber recycling. The company had hinted at its entry into the copper segment during its latest conference call.
With this acquisition, Gravita strategically expands into the copper business, including higher-margin products such as copper coils and foils. This move strengthens the company’s position as an integrated recycling manufacturer while enhancing its competitive advantage and margin profile.
Business & Financial Overview
Gravita India Limited, headquartered in Jaipur and established in 1992, is a global leader in sustainable recycling. The company specializes in processing lead, aluminium, plastics, rubber, and lithium-ion batteries. By transforming industrial waste into high-quality, value-added products, Gravita supports critical supply chains and circular economy goals across more than 70 countries.
Gravita serves as a trusted partner to over 340 global customers, including major players in the automotive, energy, and industrial sectors. The company’s clients and industrial collaborators include notable names such as Amara Raja, TATA batteries, Nilkamal, Panasonic, TVS and Exide, relying on Gravita for high-quality recycled materials and turnkey project solutions.
In the latest quarter, the company saw a YoY revenue growth of 2 percent, going from Rs 996 Cr in Dec 2024 to Rs 1,017 Cr in Dec 2025, while the QoQ revenue fell by 2 percent from Rs 1,036 Cr in Sep 2025. The YoY Net Profit growth is at 24 percent, going from Rs 78 Cr in Dec 2024 to Rs 97 Cr in Dec 2025, while the QoQ net profit growth stood at 1 percent from Rs 96 Cr in Sep 2025.
The company has a 3 year sales CAGR of 20 percent, while the TTM is at 12 percent. The company’s 3 year profit CAGR is at 30 percent, while the TTM number is at 33 percent. The company also has a ROCE of 21 percent and a ROE of 21 percent.
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