Gravity (India) Ltd (GRAVITY) Share Price & Fundamentals

What we do

Gravity (India) Ltd manufactures synthetic fabrics including shirting, furnishing, and industrial fabrics from its plant in Dadra & Nagar Haveli, with diversification into IT via its subsidiary.

Founded in

1,987

Market share

-

Problem solved

Provides high-quality synthetic fabric solutions and IT services catering to textile and technology needs of various industries.

Top clients or who we serve

Textile sectors, furnishing, industrial fabric users, and IT service clients; operates in B2B markets primarily.

Key management

Varun Rasiklal Thakkar (Managing Director)

Our journey and innovations

Incorporated in 1987, diversified into IT sector with a subsidiary since 2000; continuously upgrading manufacturing technology planned.

Where we operate

India, primarily from Dadra & Nagar Haveli; IT subsidiary also operational.

Top products or what we offer

Synthetic fabrics: shirting, furnishing, industrial fabrics; IT solutions via subsidiary Gravity Infotech Ltd.

Top brands

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Raw materials needed

Synthetic fibers and yarns for fabric manufacturing.

Raw materials supplier

-

Recurring vs cyclical contribution

Revenue largely cyclical, linked to textile industry demand fluctuations.

Our industry position

-

Financial highlights

Fiscal 2023-24 revenue of Rs. 2.25 crore with net loss of Rs. 6.16 crore; turnover declined from previous year.

Geographical revenue split

-

Order book

-

Whats driving growth

Focus on technological upgrades and diversification through IT subsidiary drives potential growth.

Our future plans

Plan to acquire new Jacquard textile machine in 2024-25 to enhance capacity and efficiency.

Our green promise

Emphasis on energy conservation and environmentally responsible manufacturing.

Our people and values

Experienced Board with emphasis on governance, employee safety, and no reported workplace complaints.

Key challenges ahead

Declining turnover and rising losses highlight financial sustainability challenges.

Interesting facts

Company has maintained Board independence and governance rigor with routine performance evaluations.

Risks and strategy

Facing financial losses, company is investing in technology upgrades and balancing textile and IT segments.