CLSA turned bullish on Gravita India, calling it an 'urban miner' with 35% upside potential

Mon 12 Oct 2026

CLSA target price

1980 rupees

Upside potential

35 percent

Projected revenue CAGR FY26-30

41 percent

Projected profit CAGR FY26-30

32 percent

Stock move today

4 percent up

Heard on business television between 09:10:53 - 09:13:53 IST.

• CLSA set a target price of 1,980 rupees on Gravita India, implying 35% upside from current levels.
• The brokerage called the company an urban miner, citing its procurement model aligned with India's rising recycling footprint.
• CLSA said Gravita has a moat via its deep scrap sourcing network which is formalizing an unorganized industry amid global metal supply struggles.
• It projected a 41% revenue CAGR and 32% profit CAGR between FY26 and FY30, calling Gravita a key beneficiary of the recycling-led metal space amid geopolitical disruptions.

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