Graphite India Ltd - Stock Valuation and Financial Performance

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

Graphite India Share Price

608.60 -6.80 -1.10%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Graphite India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Graphite India stock performance -

mw4me loader
P/E Ratio (SA):
13.31
Market Cap:
11,900.3 Cr.
52-wk low:
251.8
52-wk high:
652.3

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 Strong which suggest that the price of Graphite India Ltd is likely to Rise 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.5%4.2%4.4%4.3%37.1%71.4%0.2%3.1%10%6.6%-
Value Creation
Index
-0.5-0.7-0.7-0.71.84.3-1.0-0.8-0.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7681,4971,3471,3062,9586,7372,8751,8392,7992,9132,915
Sales YoY Gr.--15.3%-10.1%-3%126.6%127.8%-57.3%-36.1%52.2%4.1%-
Adj EPS 7.73.94.1444.8141.6-0.16.523.116.345.8
YoY Gr.--49%3.8%-1.7%1014.2%216.2%-100.1%NA256.3%-29.5%-
BVPS (₹) 88.989.889.194.8133.2238.2195205.1229.6237.6272
Adj Net
Profit
1517779.978.58752,767-2.8127451318894
Cash Flow from Ops. 5611742852507041,770172633-193-113-
Debt/CF from Ops. 0.61.40.60.50.20.22.40.4-1.8-3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.7%-0.3%0.4%4.1%
Adj EPS 8.6%-18.3%NA-29.5%
BVPS11.6%12.3%6.8%3.5%
Share Price 22.4% 5.9% 6.3% 117.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.94.44.64.439.376.3-0.13.210.6718
Op. Profit
Mgn %
16.110.911.2645.762.4-3.31.118.713.70.3
Net Profit
Mgn %
8.55.15.9629.641.1-0.16.916.110.930.7
Debt to
Equity
0.20.10.10.10.10.10.10.10.10.1-
Working Cap
Days
369468492380160116301357453684275
Cash Conv.
Cycle
2392532512137945215233160245197

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.00%

Sales growth has been subdued in last 3 years 0.44%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -0.93%

Latest Financials - Graphite India Ltd.

Standalone Consolidated
TTM EPS (₹) 45.8 42
TTM Sales (₹ Cr.) 2,915 3,045
BVPS (₹.) 272 285.9
Reserves (₹ Cr.) 5,275 5,546
P/BV 2.24 2.13
PE 13.31 14.49
From the Market
52 Week Low / High (₹) 251.75 / 652.30
All Time Low / High (₹) 2.10 / 1126.40
Market Cap (₹ Cr.) 11,900
Equity (₹ Cr.) 39.1
Face Value (₹) 2
Industry PE 20.5

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,7681,4971,3471,3062,9586,7372,8751,8392,7992,913
Operating Expenses 1,4841,3421,1961,2301,6062,5312,9701,8232,2762,516
Manufacturing Costs417403353416531653479434703876
Material Costs7786755895367321,4212,1181,0121,1351,224
Employee Cost 135138135152176222206185223226
Other Costs 154125119126167236166191215190
Operating Profit 284155150761,3534,206-9416523397
Operating Profit Margin (%) 16.1%10.4%11.2%5.8%45.7%62.4%-3.3%0.9%18.7%13.6%
Other Income 4031478489196157306279133
Interest 17128761117649
Depreciation 54394442465644454646
Exceptional Items 0-6000-550000
Profit Before Tax 2541291451111,3894,2811271753476
Tax 834740-14751,475-3072179126
Profit After Tax 171821051129142,80631199574350
PAT Margin (%) 9.7%5.5%7.8%8.6%30.9%41.6%1.1%10.8%20.5%12.0%
Adjusted EPS (₹)8.84.25.45.846.8143.61.610.229.417.9
Dividend Payout Ratio (%)40%48%37%35%36%38%125%49%34%47%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,7361,7541,7411,8522,6024,6533,8104,0084,4874,642
Share Capital 39393939393939393939
Reserves 1,6971,7151,7021,8132,5634,6143,7713,9694,4484,603
Minority Interest0000000000
Debt301186180127155360416223344335
Long Term Debt1004200000000
Short Term Debt201144180127155360416223344335
Trade Payables226187158211395573177218418290
Others Liabilities 9449589182133443572393433,2093,307
Total Liabilities 3,2063,0842,9982,4033,4965,9434,6424,7928,4578,575

Fixed Assets

Gross Block1,2481,2545857037757958098338411,009
Accumulated Depreciation6106634486132188232266307350
Net Fixed Assets638591541617643607577568534658
CWIP 31065328173580142127
Investments 5004805376641,2412,5661,9992,5142,3152,168
Inventories8838556325136701,8211,2098231,4712,190
Trade Receivables423388432407759705402362538523
Cash Equivalents 24116413130195110471
Others Assets7347507851301441974013953,3532,838
Total Assets 3,2063,0842,9982,4033,4965,9434,6424,7928,4578,575

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5611742852507041,770172633-193-113
PBT 2541291451111,3894,2811271753476
Adjustment 663531-3-19-92-35-79-183-45
Changes in Working Capital 31960160181-228-966319490-645-875
Tax Paid -77-50-50-40-438-1,452-114-49-119331
Cash Flow From Investing Activity -1405-111-192-546-1,206646-400165300
Capex -14-31-52-79-50-26-36-65-82-159
Net Investments -8630-59-116-498-1,214636-385184392
Others -4060323446506366
Cash Flow From Financing Activity -403-192-181-58-142-558-838-19920-213
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -41-41-1120000000
Interest Paid -17-13-8-7-6-10-17-7-3-9
Dividend Paid -68-68-780-137-625-7230-98-195
Others -277-6917-52177-98-192121-9
Net Cash Flow 18-13-7-1157-2035-8-25
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.114.715.996.2541.0377.340.745.113.527.67
ROCE (%)12.526.957.776.0558.91110.460.46.5616.719.89
Asset Turnover Ratio0.620.50.470.521.011.430.540.390.420.34
PAT to CFO Conversion(x)3.282.122.712.230.770.635.553.18-0.34-0.32
Working Capital Days
Receivable Days9294105110714070765966
Inventory Days1842021901507267192202150229
Payable Days7288851051411226571102106

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 18-Mar-2024 16:59 is ₹608.6.
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 18-Mar-2024 16:59 the market cap of Graphite India stood at ₹11,900.3.
The latest P/E ratio of Graphite India as of 18-Mar-2024 16:59 is 13.31.
The latest P/B ratio of Graphite India as of 18-Mar-2024 16:59 is 2.24.
The 52-week high of Graphite India is ₹652.3 and the 52-week low is ₹251.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Graphite India is ₹2,915 ( 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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