Graphite India Ltd - Stock Valuation and Financial Performance

BSE: 509488 | NSE: GRAPHITE | Electrodes & Welding Equipment | Small Cap

Graphite India Share Price

528.05 6.75 1.29%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Graphite India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Graphite India stock performance -

mw4me loader
P/E Ratio (SA):
9.37
Market Cap:
10,345.1 Cr.
52-wk low:
452
52-wk high:
709.5

Is Graphite India Ltd an attractive stock to invest in?

1. Is Graphite India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Graphite India Ltd is a average quality company.

2. Is Graphite India Ltd undervalued or overvalued?

The key valuation ratios of Graphite India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Graphite India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Graphite India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Graphite India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Graphite India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7%7.8%6.1%58.9%110.5%0.4%6.6%16.7%9.9%21%-
Value Creation
Index
-0.5-0.5-0.63.47.2-1.0-0.50.2-0.30.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4971,3471,3062,9586,7372,8751,8392,7992,9132,8942,846
Sales YoY Gr.--10.1%-3%126.6%127.8%-57.3%-36.1%52.2%4.1%-0.7%-
Adj EPS 3.94.1444.8141.6-0.16.523.116.33.256.5
YoY Gr.-3.8%-1.7%1014.2%216.2%-100.1%NA256.3%-29.5%-80.7%-
BVPS (₹) 89.889.194.8133.2238.2195205.1229.6237.6273.6284.1
Adj Net
Profit
7779.978.58752,767-2.812745131861.61,104
Cash Flow from Ops. 1742852507041,770172633-193-113716-
Debt/CF from Ops. 1.40.60.50.20.22.40.4-1.8-30.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.6%-15.6%16.3%-0.7%
Adj EPS -2.5%-53.3%-21.4%-80.7%
BVPS13.2%2.8%10.1%15.2%
Share Price 18.8% 12.9% 0.1% 14.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.44.64.439.376.3-0.13.210.671.220.3
Op. Profit
Mgn %
10.911.2645.762.4-3.31.118.713.7-2.82.7
Net Profit
Mgn %
5.15.9629.641.1-0.16.916.110.92.138.8
Debt to
Equity
0.10.10.10.10.10.10.10.10.10-
Working Cap
Days
468492380160116301357453684642286
Cash Conv.
Cycle
2532512137945215233160245255218

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.30%

Sales growth is growing at healthy rate in last 3 years 16.33%

Net Profit has been subdued in last 3 years -21.37%

Sales growth is not so good in last 4 quarters at 0.43%

Latest Financials - Graphite India Ltd.

Standalone Consolidated
TTM EPS (₹) 56.5 55
TTM Sales (₹ Cr.) 2,846 2,931
BVPS (₹.) 284.1 299.3
Reserves (₹ Cr.) 5,512 5,808
P/BV 1.86 1.77
PE 9.37 9.62
From the Market
52 Week Low / High (₹) 452.00 / 709.45
All Time Low / High (₹) 2.10 / 1126.40
Market Cap (₹ Cr.) 10,345
Equity (₹ Cr.) 39.1
Face Value (₹) 2
Industry PE 21.7

Management X-Ray of Graphite India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Graphite India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,4971,3471,3062,9586,7372,8751,8392,7992,9132,894
Operating Expenses 1,3421,1961,2301,6062,5312,9701,8232,2762,5162,977
Manufacturing Costs403353416531653479434703876645
Material Costs6755895367321,4212,1181,0121,1351,2241,944
Employee Cost 138135152176222206185223226225
Other Costs 125119126167236166191215190163
Operating Profit 155150761,3534,206-9416523397-83
Operating Profit Margin (%) 10.4%11.2%5.8%45.7%62.4%-3.3%0.9%18.7%13.6%-2.9%
Other Income 31478489196157306279133291
Interest 12876111764912
Depreciation 39444246564445464670
Exceptional Items -6000-550000954
Profit Before Tax 1291451111,3894,28112717534761,079
Tax 4740-14751,475-3072179126207
Profit After Tax 821051129142,80631199574350872
PAT Margin (%) 5.5%7.8%8.6%30.9%41.6%1.1%10.8%20.5%12.0%30.1%
Adjusted EPS (₹)4.25.45.846.8143.61.610.229.417.944.6
Dividend Payout Ratio (%)48%37%35%36%38%125%49%34%47%25%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,7541,7411,8522,6024,6533,8104,0084,4874,6425,346
Share Capital 39393939393939393939
Reserves 1,7151,7021,8132,5634,6143,7713,9694,4484,6035,307
Minority Interest0000000000
Debt18618012715536041622334433596
Long Term Debt42000000000
Short Term Debt14418012715536041622334433596
Trade Payables187158211395573177218418290150
Others Liabilities 9589182133443572393433,2093,3073,514
Total Liabilities 3,0842,9982,4033,4965,9434,6424,7928,4578,5759,106

Fixed Assets

Gross Block1,2545857037757958098338411,0091,237
Accumulated Depreciation6634486132188232266307350415
Net Fixed Assets591541617643607577568534658822
CWIP 1065328173580142127145
Investments 4805376641,2412,5661,9992,5142,3152,1683,455
Inventories8556325136701,8211,2098231,4712,1901,221
Trade Receivables388432407759705402362538523539
Cash Equivalents 11641313019511047146
Others Assets7507851301441974013953,3532,8382,879
Total Assets 3,0842,9982,4033,4965,9434,6424,7928,4578,5759,106

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1742852507041,770172633-193-113716
PBT 1291451111,3894,28112717534761,079
Adjustment 3531-3-19-92-35-79-183-45-1,146
Changes in Working Capital 60160181-228-966319490-645-875944
Tax Paid -50-50-40-438-1,452-114-49-119331-161
Cash Flow From Investing Activity 5-111-192-546-1,206646-400165300-289
Capex -31-52-79-50-26-36-65-82-159717
Net Investments 30-59-116-498-1,214636-385184392-1,049
Others 6032344650636644
Cash Flow From Financing Activity -192-181-58-142-558-838-19920-213-418
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -41-11200000000
Interest Paid -13-8-7-6-10-17-7-3-9-13
Dividend Paid -68-780-137-625-7230-98-195-166
Others -6917-52177-98-192121-9-240
Net Cash Flow -13-7-1157-2035-8-2510
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.715.996.2541.0377.340.745.113.527.6717.46
ROCE (%)6.957.776.0558.91110.460.46.5616.719.8920.95
Asset Turnover Ratio0.50.470.521.011.430.540.390.420.340.33
PAT to CFO Conversion(x)2.122.712.230.770.635.553.18-0.34-0.320.82
Working Capital Days
Receivable Days9410511071407076596667
Inventory Days2021901507267192202150229215
Payable Days8885105141122657110210641

Graphite India Ltd Stock News

Graphite India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Graphite India on 31-Oct-2024 16:01 is ₹528.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Oct-2024 16:01 the market cap of Graphite India stood at ₹10,345.1.
The latest P/E ratio of Graphite India as of 31-Oct-2024 16:01 is 9.37.
The latest P/B ratio of Graphite India as of 31-Oct-2024 16:01 is 1.86.
The 52-week high of Graphite India is ₹709.5 and the 52-week low is ₹452.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Graphite India is ₹2,846 ( Cr.) .

About Graphite India Ltd

Graphite India Limited (GIL) is incorporated in 1964 in collaboration with “The Great Lakes Carbon Corporation of USA”. The company is engaged in manufacturing of graphite electrodes. GIL set up its first facility at Durgapur in east India in 1967. The company is the pioneer in Carbon and Graphite products in India. Starting with Graphite Electrodes, the core product of the company, it has entered into the coveted field of Speciality application of carbon and graphite. By further leveraging its core competence and economies of scale it intends to advance its production capacity cost efficiently.

With efficient global partners and proximity of its manufacturing facilities to inland customers and sea ports, GIL is able to ensure timely deliveries to its customers. Over the years GIL has emerged to become an established and reputed brand in the Global Market. The corporate philosophy of the company lays emphasis on consistent quality of products and services across all its divisions which have culminated to an enviable track record in the industry arena.

Business area of the company

The Company is engaged in the business of manufacturing Graphite electrodes, graphite equipments, steel, GRP pipes and tanks and generation of hydel power.

Products

  • Graphite Electrodes
  • Impervious Graphite Equipment
  • Speciality Products
  • Carbon Products
  • Glass Reinforced Plastic Pipes
  • High Speed & alloy Tool Steel

Awards and recognitions

2015-16

  • Dun & Bradstreet Corporate Award 2015 from ECGC.
  • National Award 2013-14 for star performance from EEPC.
  • Special Export Award for 2012-13 from CAPEXIL.
  • Niryat Shree Award (Non MSME Category) from FIEO.

2016-17

  • Top Export Award for 2014-15 from CAPEXIL.
  • Top Export Award for 2013-14 from CAPEXIL.

2018-19

  • The Company has received Asia’s ‘Best Under a Billion 2018’ award from Forbes Asia.
  • The Company continues to enjoy the status of a Star Trading House.

2019-20

  • Top Export Award for 2015-16 from CAPEXIL.
  • Special Export Award for 2016-17 from CAPEXIL.
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