The recylcing sector does look promising specially after the BWMR and EPR acts being pushed by the government in addition to the concept of circular economy. This will lead to lot of business moving to organised players like Gravita. Moreover, their foray into lithium-ion and steel should start giving results maybe in about 4-5 years time.
Gravita India have shown consistent growth in revenues and profits and mgmt focus to expand capacities gives one confidence of the performance of the company going forward. Interesting times ahead for the sector and the company.
I am invested in Gravita and look to add up going forward.
Subscribe To Our Free Newsletter |