Gravita India success story

I am not a believer in a full scale EV-only thing. This is a bit of new-age hype. EVs also are not green as they claim. At best, vehicles may become hybrid. Even considering china, the nev leader, 100% nev conversation is still decade at least. longer in us and Europe, longer still in india, Africa and the rest. So plenty of Pb recycling still remains. LAB also have non Vehicle markets. Besides company is broadening it’s recycle base and will have enough time to course correct.

Li ion recycling chemistry is well known. Questions are about economic viability as well as waster volume threshold to ensure profitability. They have talked about this many times. In india, Li recycling will lag EV adoption. Here also plenty of time. Remember, the biz is more about reducing costs around collection which remains a moat. Recycling tech can be licensed.

I am a bit concerned about too fast rise in price. Many insiders probably sense this and taking this chance to offload a bit. I have pared down my holding and will add back once the prices stabilize.