Nifty Smallcap 100 Plunges to 14,986 Low: Why Mid- and Small-Caps Are Crashing Harder Than the Market in March 2026

  The Indian stock market witnessed intense selling pressure on March 23, 2026, as mid- and small-cap indices tumbled over 4% amid a broader market crash driven by escalating geopolitical tensions in the Middle East. The Nifty Midcap 100 index has now declined around 13% year-to-date in 2026, reflecting sharp corrections in broader market segments that have outperformed in previous years but are now facing heightened volatility. Sharp Intraday Declines in Midcap and Smallcap Indices The Nifty Smallcap 100 index opened at 15,565.30 on Monday but quickly slipped to an intraday low of 14,986, erasing significant ground in early trade. By the afternoon session, the selling intensified, with the index down over 4% at points during the day. Market breadth was overwhelmingly negative—except for isolated performers like Trident (up around 2.85%), virtually every stock in the Nifty Smallcap 100 traded in the red, signaling widespread panic across smaller companies. Similarly, the Nifty M...
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Gravita India: A Promising Opportunity in the Non-Ferrous Metal Industry

 


Gravita India Ltd., a prominent midcap player in the non-ferrous metal recycling sector, has delivered an impressive performance in its latest quarterly results. With strong fundamentals and consistent growth, the company appears to be a promising opportunity for investors looking to capitalize on the recycling industry’s potential.

Financial Performance in Q3 FY25

Gravita India reported a 29.4% surge in net profit, clocking ₹78 crore in the December quarter compared to ₹60.3 crore in the same period last year.

Revenue grew 31.5% year-on-year, reaching ₹996.4 crore in Q3 FY25, up from ₹757.8 crore in Q3 FY24.

At the operating level, EBITDA increased marginally by 1%, standing at ₹80.7 crore compared to ₹79.8 crore in the corresponding period last year.

Despite this growth, the EBITDA margin contracted to 8.1% in Q3 FY25 from 10.5% in Q3 FY24, highlighting increased operational costs or other margin pressures.

Strategic Board Decisions

The company’s board of directors has approved the reappointment of Yogesh Malhotra as a whole-time director and CEO, a move subject to shareholder approval.

Additionally, the board recommended the appointment of Shikha Sharma as a non-executive independent director, bringing further expertise to the company’s governance.

Key Financial Metrics

Gravita India’s market capitalization stands at ₹15,300 crore, underscoring its position as a leading player in the recycling industry.

The current stock price is ₹2,073, with a 52-week high/low of ₹2,700/₹730.

The company’s Stock P/E ratio of 53.5 suggests that it is trading at a premium, reflective of investor confidence in its growth potential.

The book value of ₹126 highlights its intrinsic value, while the dividend yield of 0.25% indicates a modest return for shareholders.

With a Return on Capital Employed (ROCE) of 27.9% and Return on Equity (ROE) of 33.7%, Gravita India demonstrates strong profitability and efficient capital utilization.

Growth Potential and Investment Rationale

Gravita India operates in the rapidly expanding recycling sector, which benefits from increased environmental awareness and regulatory support.

The company’s consistent revenue and profit growth signal robust demand for its products and services.

While the EBITDA margin contraction warrants attention, the strong topline growth and strategic leadership appointments underscore the company’s ability to adapt and thrive.

Conclusion: Is It a Good Time to Buy?

Gravita India’s impressive financial performance, coupled with its market leadership in the non-ferrous metal recycling sector, positions it as an attractive investment option.

Investors with a long-term perspective can consider Gravita India, leveraging its growth trajectory and strong fundamentals. However, given the high P/E ratio and margin contraction, potential investors should monitor market conditions and operational performance closely before making investment decisions.

With a clear focus on sustainability and governance, Gravita India is poised for continued growth in the years to come.

Location:Nainital Uttarakhand ,India India

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