Gravity India Ltd: ₹6 Cr Market Cap, -593% OPM & Promoter Vanishing Act – A Textile Black Hole

1. At a Glance

Gravity (India) Ltd is that company which makes you wonder: “How is this still listed?” A textile smallcap born in 1987, now reduced to a ₹6.2 Cr market cap, bleeding losses, and literally selling land to survive. Sales in FY25 fell to a meagre ₹0.41 Cr (yes, lakhs, not crores), OPM is a mind-bending -593%, and promoters have basically left the WhatsApp group (holding crashed to 0%). Share price is up 54% in one year though – because India loves penny stock thrillers.

2. Introduction

Let’s be honest: Gravity India sounds more like a failed ISRO startup than a furnishing fabric company. Headquartered in Silvassa, it once manufactured synthetic fabrics, shirting, and industrial textiles. Somewhere along the way, it thought “why not IT?” and floated a subsidiary called Gravity Infotech. Spoiler alert – that didn’t rescue the sinking spaceship either.

The company has been under auditor fire, with an adverse audit opinion in FY25. Recurring losses have eaten away its net worth like termites on plywood. It is now in asset-sale mode – having already approved disposal of Silvassa property.

So what’s left? A name, a listing, and a few traders hoping for the next pump.

3. Business Model (WTF Do They Even Do?)

Originally:

• Furnishing Fabrics: Synthetic fabrics, shirting, industrial textiles.
• Subsidiary Diversion: Gravity Infotech (80% owned), trying to make IT revenues.

Currently:

• Revenue Source FY24: ~99% from furnishing fabric sales (₹0.41 Cr).
• Other Income: ~1% – mostly scraps and accounting oxygen.
• Exit Strategy: Sell land, lease property, appoint new management, and hope for resurrection.

In other words – they’re no longer a textile manufacturer. They’re a listed shell with a plot in Silvassa.

4. Financials Overview