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Graphite India Ltd (GRAPHITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 509488 NSE: GRAPHITE Electrodes & Welding Equipment | Small Cap | Graphite India Share Price

₹612.35 31.30 (5.39%)

As on 10-Jul'26 16:59

Graphite India Ltd (GRAPHITE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 509488 NSE: GRAPHITE Electrodes & Welding Equipment | Small Cap | Graphite India Share Price

₹612.35 31.30 (5.39%)

As on 10-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹11,964 Cr.
Current Price
₹612.4
52-Week Low / High
₹506 / 802
TTM EPS
₹13.5
TTM Sales
₹2,812 Cr.
Book Value per Share
₹288.4
P/E Ratio
45.21
Higher than its 5-year historical median
Industry PE
43.1
Price to Book (P/B)
2.12
Higher than its 5-year historical median
Price to Sales (P/S)
4.25
Higher than its 5-year historical median
EV/EBITDA
26.43
Higher than its 5-year historical median
Dividend Yield
1.14%
Profitability Efficiency
Return on Equity (ROE)
4.72%
Underperforms industry median
Return on Capital Employed (ROCE)
6.31%
Underperforms industry median
Return on Assets (ROA)
2.72%
Operating Profit Margin
10.6%
Net Profit Margin
9.41%
Gross Profit Margin
15.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
16.2%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
27.17%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-41.5%
Asset Quality
Promoter Holding
65.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,595 Cr.
Equity
₹39.1 Cr.
Face Value
₹2
All Time Low / High
₹2.10 / 1126.40

Graphite India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Weak
Q.1 Is Graphite India Ltd a good quality company?
Graphite India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Graphite India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Graphite India Ltd vs industry peers?
Graphite India Ltd revenue CAGR is -3.39%, compared to the industry median CAGR of 7.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Graphite India Ltd?
Promoters hold 65.34% of the Graphite India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Graphite India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 26.2% based on the current price.

10 Year X-Ray :

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 6.1%58.9%110.5%0.4%6.6%16.7%9.9%21%10.3%6.3%-
Value Creation
Index
-0.63.47.2-1.0-0.50.2-0.30.6-0.2-0.5-

Growth Parameters

Sales 1,3062,9586,7372,8751,8392,7992,9132,8942,4202,8122,812
Sales YoY Gr.-126.6%127.8%-57.3%-36.1%52.2%4.1%-0.7%-16.4%16.2%-
Adj EPS 444.8141.6-0.16.523.116.33.211.211.313.5
YoY Gr.-1014.2%216.2%-100.1%NA256.3%-29.5%-80.7%255.6%1.3%-
BVPS (₹) 94.8133.2238.2195205.1229.6237.6273.6285.7288.4288.4
Adj Net
Profit
78.58752,767-2.812745131861.6219222265
Cash Flow from Ops. 2507041,770172633-193-113716543103-
Debt/CF from Ops. 0.50.20.22.40.4-1.8-30.10.22.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.9%8.9%-1.2%16.2%
Adj EPS 12.2%11.8%-11.4%1.3%
BVPS13.2%7.1%6.7%0.9%
Share Price 23.1% -0.8% 14.1% 8.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
4.439.376.3-0.13.210.671.2444.7
Op. Profit
Mgn %
645.762.4-3.31.118.713.7-2.89.610.62.9
Net Profit
Mgn %
629.641.1-0.16.916.110.92.197.99.4
Debt to
Equity
0.10.10.10.10.10.10.1000.10
Working Cap
Days
380160116301357453684642688602283
Cash Conv.
Cycle
2137945215233160245255216172205

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,3062,9586,7372,8751,8392,7992,9132,8942,4202,812
Operating Expenses + 1,2301,6062,5312,9701,8232,2762,5162,9772,1892,518
Manufacturing Costs416531653479434703876645641760
Material Costs5367321,4212,1181,0121,1351,2241,9441,1321,323
Employee Cost 152176222206185223226225236206
Other Costs 126167236166191215190163180229
Operating Profit 761,3534,206-9416523397-83231294
Operating Profit Margin (%) 5.8%45.7%62.4%-3.3%0.9%18.7%13.6%-2.9%9.5%10.4%
Other Income + 8489196157306279133291425167
Exceptional Items 00-5500009540-11
Interest 76111764912621
Depreciation 42465644454646708186
Profit Before Tax 1111,3894,28112717534761,079569344
Tax -14751,475-307217912620711679
Profit After Tax 1129142,80631199574350872452265
PAT Margin (%) 8.6%30.9%41.7%1.1%10.8%20.5%12.0%30.1%18.7%9.4%
Adjusted EPS (₹)5.846.8143.61.610.229.417.944.623.213.5
Dividend Payout Ratio (%)34.80%36.40%38.30%124.70%49%34%47.50%24.70%47.50%51.70%

Valuation of Graphite India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,8522,6024,6533,8104,0084,4874,6425,3465,5825,634
Share Capital 39393939393939393939
Reserves 1,8132,5634,6143,7713,9694,4484,6035,3075,5435,595
Debt +1271553604162233443359685254
Long Term Debt0000000000
Short Term Debt1271553604162233443359685254
Minority Interest0000000000
Trade Payables211395573177218418290150257290
Others Liabilities 2133443572393433,2093,3073,5143,6313,691
Total Liabilities 2,4033,4965,9434,6424,7928,4578,5759,1069,5569,870

Fixed Assets

Net Fixed Assets +6176436075775685346588229711,016
Gross Block7037757958098338411,0091,2371,4591,576
Accumulated Depreciation86132188232266307350415487561
CWIP 3281735801421271456662
Investments 6641,2412,5661,9992,5142,3152,1683,4553,8693,960
Inventories5136701,8211,2098231,4712,1901,2211,0881,093
Trade Receivables407759705402362538523539454650
Cash Equivalents 4131301951104714617138
Others Assets 1301441974013953,3532,8382,8792,9363,050
Total Assets 2,4033,4965,9434,6424,7928,4578,5759,1069,5569,870

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2507041,770172633-193-113716543103
PBT 1111,3894,28112717534761,079569344
Adjustment -3-19-92-35-79-183-45-1,149-324-36
Changes in Working Capital 181-228-966319490-645-875947388-256
Tax Paid -40-438-1,452-114-49-119331-161-8951
Cash Flow From Investing Activity + -192-546-1,206646-400165300-289-226-136
Capex -79-50-26-36-65-82-159717-159-249
Net Investments -116-498-1,214636-385184392-1,049-135-26
Others 3234465063664468139
Cash Flow From Financing Activity + -58-142-558-838-19920-213-418-232-51
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -7-6-10-17-7-3-9-13-6-5
Dividend Paid 0-137-625-7230-98-195-166-215-215
Others -52177-98-192121-9-240-11169
Net Cash Flow -1157-2035-8-251085-84

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.2541.0377.340.745.113.527.6717.468.284.72
ROCE (%)6.0558.91110.460.46.5616.719.8920.9510.346.31
Asset Turnover Ratio0.521.011.430.540.390.420.340.330.260.29
PAT to CFO Conversion(x)2.230.770.635.553.18-0.34-0.320.821.20.39
Working Capital Days
Receivable Days109.9071.3039.6070.3075.8058.6066.406774.9071.70
Inventory Days150.1072.3067.50192.30201.80149.60229.30215.10174.10141.60
Payable Days104.90141.10122.5064.6071102105.6041.3065.6075.50

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Graphite India Ltd FAQs

The current trading price of Graphite India on 10-Jul-2026 16:59 is ₹612.4.

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 09-Jul-2026 the market cap of Graphite India stood at ₹11,963.8 Cr

The latest P/E ratio of Graphite India as of 09-Jul-2026 is 45.21.

The latest P/B ratio of Graphite India as of 09-Jul-2026 is 2.12.

The 52-week high of Graphite India is ₹802.2 and the 52-week low is ₹506.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Graphite India is ₹2,812 ( Cr.) .

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

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

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

About Graphite India Ltd

Graphite India (GIL) is the pioneer in Carbon and Graphite products in India. It came into existence way back in 1960s. 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 the company 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.

GIL has a strong international presence and is among the top few electrode manufacturing companies with respect to capacity, customer bondage and an impeccable quality & service. The company is ISO 9001 accredited and adopts eco-friendly processes.

Business area of the company

The company is engaged in the business of manufacturing graphite electrodes and specialties, calcined petroleum coke, impervious graphite equipment, glass reinforced plastic pipes, steel and generation of renewable energy. It caters to a wide range of customers, engaged in manufacturing steel, cutting tool industry, chemicals, fertilizers, polymers, drug intermediaries, metal pressing, effluent treatment, irrigation etc.

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.

2020-21

  • The company acquired certification with the standards ISO:9001 & 14001.

2021-22

  • The company has received Star Performer Award for 2018-19 for export performance from EEPC.

2022-23

  • Special trophy for Excellence in Exports of High Technology Products for 2017-18.
  • Top Exporter-Gold-Large Enterprise for 2018-19.

2024-25

  • 38th & 39th Eastern Regional Award, Special Trophy for excellence in Exports of High-Technology Products, Large Enterprise for 2019-20 & 2020-21.
  • 54th Indian National Award for Star Performers in Product Group 28, Mica and other Mineral Products, Large Enterprise 2021-22.

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