GRAVITY
Gravity (India) financials
- Market cap
- ₹134 Cr
Quarterly results
Q1 FY27: revenue up 19254.8%, net profit up 8485.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 20 +20340% | 60 | 99 | 60 +19255% |
| EBITDA | -1 | -0 | -1 | 0 | 2 +251% | 6 +2009% | 9 +1065% | 8 +5607% |
| Net profit | -1 | 0 | -0 | 0 | 1 +205% | 5 +1264% | 7 +2377% | 6 +8486% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +141.4% 1Y
1Y: ₹5.31 on 10 Sept 2025 → ₹12.82. High ₹20.04 (12 May 2026), low ₹4.55 (10 Oct 2025).
Financials, as filed
Revenue grew 793.2% a year over 2 years, FY24 to FY26. Operating margin widened to 9.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹2 Cr | ₹1 Cr | ₹180 Cr |
| Operating profit | ₹-8 Cr | ₹-3 Cr | ₹17 Cr |
| Operating margin | -345.8% | -261.2% | 9.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-6 Cr | ₹-2 Cr | ₹13 Cr |
| Net margin | -273.8% | -166.1% | 7.2% |
| Cash from operations | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Free cash flow | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| ROCE | -81.0% | -38.0% | 159.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹-5 Cr | ₹-5 Cr | ₹6 Cr |
| Borrowings | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹1 Cr | ₹19 Cr | ₹23 Cr |
| Total liabilities | ₹16 Cr | ₹15 Cr | ₹17 Cr | ₹8 Cr | ₹25 Cr | ₹40 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹13 Cr | ₹13 Cr | ₹14 Cr | ₹5 Cr | ₹23 Cr | ₹39 Cr |
| Total assets | ₹16 Cr | ₹15 Cr | ₹17 Cr | ₹8 Cr | ₹25 Cr | ₹40 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +3.86 pp while promoters trimmed −3.85 pp. The shareholder count grew 17% to 6,537.
- Promoters
- 6.0%
- Public
- 94.0%
Since Jun 2025
- Public +3.86 pp
- Promoters −3.85 pp
How it drifted, 12 quarters
Over this window promoters fell from 24.2% to 6.0% — −18.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 24.2%, Public 75.8%.Dec '23: Promoters 24.2%, Public 75.8%.Mar '24: Promoters 24.2%, Public 75.8%.Jun '24: Promoters 24.2%, Public 75.8%.Sep '24: Promoters 24.2%, Public 75.8%.Dec '24: Promoters 24.2%, Public 75.8%.Mar '25: Promoters 23.4%, Public 76.6%.Jun '25: Promoters 9.9%, Public 90.1%.Sep '25: Promoters 6.0%, Public 94.0%.Dec '25: Promoters 6.0%, Public 94.0%.Mar '26: Promoters 6.0%, Public 94.0%.Jun '26: Promoters 6.0%, Public 94.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Pramila Meena newly disclosed 1.91% held
- Sangeeta Meena newly disclosed 1.16% held
- Surendra Singh Kushwah +0.08 pp 3.97% held
The same filing shows 1 holder trimming and 10 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gravity (India) Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Varun Rasiklal Thakkar | 5.99% | unchanged |
| Surendra Singh Kushwah | 3.97% | +0.08 pp |
| Pramila Meena | 1.91% | newly disclosed |
| Manoj Kanhiyalal Ramavat | 1.59% | −0.66 pp |
| Sangeeta Meena | 1.16% | newly disclosed |
| Rasiklal D Thakkar | 0.06% | unchanged |
| Gravity Synthetics Pvt. Ltd. | 0.00% | unchanged |
| Jay Rasiklal Thakkar | 0.00% | unchanged |
| Dakshaben Rasiklal Thakkar | 0.00% | unchanged |
| Rasiklal Thakkar | 0.00% | unchanged |
| Samir Rasiklal Thakkar | 0.00% | unchanged |
| Kshemtech Media Private Limited | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Gravity (India) Ltd.
Guides on how to read this kind of business and the numbers that matter.