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Graphite India Ltd

GRAPHITE NSE

Key Fundamentals

MicrocapElectrodes & RefractoriesIndustrial Products
Market Cap
₹14,273 Cr
Volatility
Moderate
P/E Ratio
67.63
EBITDA
₹375 Cr
Return on Equity
2.92%
Debt to Equity
0.06
Book Value
₹299.89
EPS
₹15.55
52W High
₹802.4
52W Low
₹505.8

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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53 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 50.4%
  • Company's working capital requirements have reduced from 88.2 days to 62.4 days

Weaknesses

3
  • The company has delivered a poor sales growth of 7.81% over past five years.
  • Company has a low return on equity of 4.12% over last 3 years.
  • Earnings include an other income of Rs.322 Cr.

Growth Rate

Revenue Growth
0.90% ↘
Net Income Growth
-62.66% ↘
Cash Flow Change
-83.50% ↘
ROE
-62.61% ↗
ROCE
-55.05% ↗
EBITDA Margin (Avg.)
-46.29% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 6d ago
AI opinion · based on fundamentals
Risk high

Graphite India Ltd trades at a market cap of ₹14,276 Cr with a PE of 67.6x, reflecting a nearly debt-free balance sheet but weak recent profitability with 3-year ROE of just 4% and TTM profit declining 39%. The stock has rallied 38% in the last year despite underlying earnings compression, creating a divergence between price momentum and fundamental performance.

Bull Case 7
  • Company is almost debt-free, providing strong financial flexibility and low interest cost burden in a cyclical industry
  • Healthy dividend payout ratio of 50.4%, translating to a dividend yield of 0.97% even at elevated valuations
  • Working capital efficiency improved significantly from 88.2 days to 62.4 days, freeing up cash for operations
  • TTM sales growth of 21% signals a potential recovery in graphite electrode demand after a 3-year sales CAGR of -4%
  • 10-year stock CAGR of 26% demonstrates long-term wealth creation capability through commodity cycles
  • 10-year compounded profit growth of 8% and 10-year ROE of 14% indicate the company can generate strong returns at cycle peaks
  • 5-year compounded profit growth of 51% (albeit from a low base) shows earnings leverage when demand recovers
Bear Case 8
  • PE of 67.6x is extremely elevated for a cyclical industrial products company, implying rich valuations relative to current earnings
  • TTM profit declined 39%, indicating severe margin compression despite 21% sales growth
  • 3-year ROE of just 4% and last year ROE of 3% reflect poor capital efficiency well below cost of equity
  • Other income of ₹322 Cr forms a significant portion of earnings, masking weakness in core operating performance
  • 5-year sales CAGR of only 7.81% highlights structural demand challenges in the graphite electrode market
  • 3-year compounded sales CAGR of -4% shows the business experienced a prolonged revenue contraction
  • 5-year stock CAGR of only 1% versus 10-year CAGR of 26% suggests the post-2018 supercycle returns have fully mean-reverted
  • 3-year compounded profit CAGR of -8% indicates sustained earnings deterioration over a meaningful period

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 20h ago
Positives 1
  • Q1FY27 profit up 29% YoY Aug 4

    Consolidated net profit rose 28.6% YoY to ₹171 crore in Q1FY27, with sales growing 26.6% to ₹842 crore driven by improved capacity utilization.

Neutral 2
  • AGM approves ₹5,000 Cr debt Aug 4

    Shareholders approved a special resolution at the 51st AGM to issue debentures up to ₹5,000 crore. FY26 financials were adopted and directors reappointed.

  • Tax order for ₹75 lakh Jul 23

    Received order from Additional Commissioner (Appeals), State Tax regarding excess input tax credit with total demand of ₹75.1 lakh including tax, interest, and penalty.

TL;DR: Graphite India is executing well operationally with strong volume-led growth and margin expansion in Q1FY27. The ₹5,000 crore debt approval signals potential capex or strategic plans ahead. The minor tax demand of ₹75 lakh is immaterial. The trend is improving with robust top-line and bottom-line momentum, though investors should watch how the approved borrowing capacity is deployed.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
747
793
690
720
728
643
523
666
665
729
642
816
842
Expenses
838
823
703
730
615
533
531
627
622
686
600
955
698
Operating Profit
-91
-30
-13
-10
113
110
-8
39
43
43
42
-139
144
OPM %
-12%
-3.8%
-1.9%
-1.4%
16%
17%
-1.5%
6%
6%
6%
7%
-17%
17%
Other Income
78
1,045
63
72
194
168
19
57
150
89
81
55
97
Interest
6
4
4
3
3
4
2
2
2
3
2
18
4
Depreciation
18
19
21
22
20
22
23
25
24
24
24
23
23
PBT
-37
992
25
37
284
252
-14
69
167
105
97
-125
214
Tax %
-19%
19%
32%
57%
17%
23%
50%
29%
20%
28%
31%
-16%
20%
Net Profit
-30
802
17
16
236
194
-21
49
133
76
67
-105
171
EPS in Rs
-1.54
41.15
0.92
0.82
12.13
9.98
-1.02
2.56
6.86
3.94
3.48
-5.32
8.8
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,711
1,532
1,468
3,266
7,858
3,094
1,958
3,027
3,181
2,950
2,560
2,852
3,029
Expenses
1,574
1,398
1,428
1,821
2,838
3,180
2,173
2,568
2,869
3,093
2,307
2,650
2,939
Operating Profit
137
135
40
1,445
5,020
-86
-215
458
312
-143
253
202
90
OPM %
8%
9%
2.7%
44%
64%
-2.8%
-11%
15%
10%
-4.9%
10%
7%
3%
Other Income
29
49
86
88
155
174
316
294
80
1,258
438
162
322
Interest
16
9
8
8
12
18
6
5
13
17
11
25
27
Depreciation
44
49
46
52
62
51
52
55
57
80
90
95
94
PBT
107
125
72
1,473
5,101
19
43
693
322
1,017
591
244
291
Tax %
46%
34%
2%
30%
33%
-134%
175%
27%
38%
21%
22%
30%
—
Net Profit
58
83
70
1,032
3,396
45
-32
505
199
805
458
171
209
EPS in Rs
2.95
4.24
3.61
52.82
174
2.3
-1.64
25.83
10.2
41.36
23.65
8.97
10.9
Div. Payout %
68%
47%
55%
32%
32%
87%
-305%
39%
83%
27%
47%
78%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
39
39
39
39
39
39
39
39
39
39
39
39
Reserves
1,707
1,749
1,818
2,693
5,312
4,515
4,503
4,908
4,925
5,572
5,827
5,820
Borrowings
367
302
259
272
360
416
225
436
432
177
173
368
Other Liabilities
482
417
444
727
1,191
608
760
915
1,112
1,002
1,188
1,350
Total Liabilities
2,595
2,507
2,560
3,731
6,902
5,578
5,527
6,297
6,508
6,790
7,227
7,577
Fixed Assets
640
591
667
702
664
637
640
691
789
948
1,094
1,153
CWIP
10
65
32
8
17
35
80
142
127
145
65
61
Investments
369
475
631
1,208
2,590
2,067
2,804
2,494
2,322
3,569
4,024
4,063
Other Assets
1,576
1,375
1,230
1,813
3,631
2,839
2,003
2,971
3,270
2,128
2,044
2,300
Total Assets
2,595
2,507
2,560
3,731
6,902
5,578
5,527
6,297
6,508
6,790
7,227
7,577
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
171
268
260
760
2,323
253
584
-488
-160
680
500
83
Investing
4
-88
-226
-552
-1,287
549
-519
222
328
-239
-202
-123
Financing
-173
-192
-39
-179
-676
-839
-199
105
-213
-427
-226
-46
Net Cash Flow
1
-11
-5
29
360
-37
-134
-162
-45
14
72
-86
Free Cash Flow
145
213
174
702
2,286
208
510
-576
-328
1,396
343
-169
CFO/OP
163
238
765
83
75
-455
-296
-45
-153
-587
234
18
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
92
113
110
92
40
48
63
65
63
65
67
85
Inventory Days
479
423
376
372
531
267
312
541
628
252
376
321
Days Payable
101
97
135
195
159
33
71
141
82
30
84
80
Cash Conversion Cycle
470
439
350
269
412
282
305
464
609
287
359
327
Working Capital Days
170
168
133
88
82
167
127
175
192
118
84
62
ROCE %
5%
6%
4%
58%
119%
1%
1%
14%
7%
1%
10%
5%

Shareholding Pattern

As of Jun 2026
Promoters 65.34%
Public 14.89%
DIIs 10.24%
FIIs 6.03%
Others 3.49%
Government 0.01%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
65.34%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.39%
0.00%
4.56%
4.40%
4.59%
5.05%
5.46%
5.00%
6.60%
6.43%
6.69%
6.03%
DIIs
7.12%
6.02%
5.62%
7.48%
9.10%
9.50%
8.70%
8.42%
8.61%
8.51%
9.49%
10.62%
12.20%
11.42%
10.03%
9.93%
10.51%
10.09%
9.58%
10.02%
10.48%
10.24%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
Public
14.93%
14.56%
13.85%
16.53%
16.54%
16.14%
17.58%
17.56%
18.21%
18.16%
16.75%
15.82%
14.26%
15.14%
15.95%
16.08%
15.26%
15.99%
14.92%
14.67%
14.18%
14.89%
Others
12.61%
14.08%
15.18%
10.65%
9.02%
9.02%
8.38%
8.67%
7.83%
7.99%
4.03%
8.22%
3.64%
3.70%
4.08%
3.60%
3.43%
3.59%
3.57%
3.54%
3.31%
3.49%
No. of Shareholders
2,02,450
2,22,162
2,18,411
2,46,577
2,51,789
2,49,335
2,55,090
2,51,830
2,50,692
2,45,194
2,29,843
2,22,065
2,10,231
2,13,320
2,22,128
2,30,058
2,29,700
2,26,558
2,16,512
2,07,329
1,99,456
1,96,575

Documents

1
Concall - May 2017 May 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Oct 2017 Oct 2017
4
Concall - Jan 2018 Jan 2018
5
Concall - May 2018 May 2018

Frequently Asked Questions about Graphite India Ltd

What does Graphite India Ltd do?
Graphite India Ltd is mainly engaged in the business of manufacturing and selling of graphite & carbon and other products.[1]
Where is Graphite India Ltd (GRAPHITE) listed?
Graphite India Ltd is listed on the Indian stock exchanges. It is listed on NSE: GRAPHITE and BSE: 509488. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Graphite India Ltd belong to?
Graphite India Ltd operates in the Industrial Products sector within the Electrodes & Refractories industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Graphite India Ltd?
Graphite India Ltd has a market capitalisation of approximately ₹14273.16 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Graphite India Ltd?
The Price-to-Earnings (PE) ratio of Graphite India Ltd is 67.63. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Graphite India Ltd?
Over the past 52 weeks, Graphite India Ltd has traded between a low of ₹505.8 and a high of ₹802.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Graphite India Ltd pay dividends?
Yes, Graphite India Ltd has a dividend yield of 0.96%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Graphite India Ltd?
Graphite India Ltd has a Return on Equity (ROE) of 2.92%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Graphite India Ltd on Tapetide?
On Tapetide, you can view Graphite India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Graphite India Ltd is mainly engaged in the business of manufacturing and selling of graphite & carbon and other products.[1]

Website graphiteindia.com
CEO Mr. Ashutosh Dixit
Employees 1,678
Listed 2003-02-07
Face Value ₹ 2
Issued Size 19,53,75,594

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