MarketFriction

Graphite India Ltd

NSE GRAPHITE · BSE 509488 · Electrodes & Refractories
₹786.15 +2.79%
NSE close2026-10-01
52 week range516.20 - 874.35
Market cap₹15,660 Cr.
P/E71.5
Nifty 500Smallcap 250 Price band 20% Delivery 33.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales793690720728643523666665729642816842
Expenses823703730615533531627622686600955698
Operating Profit-30-13-10113110-839434342-139144
OPM %-3.8%-1.9%-1.4%16%17%-1.5%6%6%6%7%-17%17%
Other Income1,0456372194168195715089815597
Interest4433422232184
Depreciation192122202223252424242323
Profit before tax9922537284252-146916710597-125214
Tax %19%32%57%17%23%50%29%20%28%31%-16%20%
Net Profit8021716236194-21491337667-105171
EPS in Rs41.150.920.8212.139.98-1.022.566.863.943.48-5.328.80
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,5321,4683,2667,8583,0941,9583,0273,1812,9502,5602,8523,029
Expenses1,3981,4281,8212,8383,1802,1732,5682,8693,0932,3072,6502,939
Operating Profit135401,4455,020-86-215458312-14325320290
OPM %9%2.7%44%64%-2.8%-11%15%10%-4.9%10%7%3.0%
Other Income498688155174316294801,258438162322
Interest9881218651317112527
Depreciation494652625152555780909594
Profit before tax125721,4735,10119436933221,017591244291
Tax %34%2%30%33%-134%175%27%38%21%22%30%
Net Profit83701,0323,39645-32505199805458171209
EPS in Rs4.243.6152.82173.802.30-1.6425.8310.2041.3623.658.9710.90
Dividend Payout %47%55%32%32%87%-305%39%83%27%47%78%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%8%-4%21%
Compounded Profit Growth8%51%-8%-39%
Stock Price CAGR27%6%18%44%
Return on Equity14%5%4%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital393939393939393939393939
Reserves1,7071,7491,8182,6935,3124,5154,5034,9084,9255,5725,8275,820
Borrowings367302259272360416225436432177173368
Other Liabilities4824174447271,1916087609151,1121,0021,1881,350
Total Liabilities2,5952,5072,5603,7316,9025,5785,5276,2976,5086,7907,2277,577
Fixed Assets6405916677026646376406917899481,0941,153
CWIP10653281735801421271456561
Investments3694756311,2082,5902,0672,8042,4942,3223,5694,0244,063
Other Assets1,5761,3751,2301,8133,6312,8392,0032,9713,2702,1282,0442,300
Total Assets2,5952,5072,5603,7316,9025,5785,5276,2976,5086,7907,2277,577
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1712682607602,323253584-488-16068050083
Cash from Investing Activity4-88-226-552-1,287549-519222328-239-202-123
Cash from Financing Activity-173-192-39-179-676-839-199105-213-427-226-46
Net Cash Flow1-11-529360-37-134-162-451472-86
Free Cash Flow1452131747022,286208510-576-3281,396343-169
CFO/OP163%238%765%83%75%-455%-296%-45%-153%-587%234%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days92113110924048636563656785
Inventory Days479423376372531267312541628252376321
Days Payable10197135195159337114182308480
Cash Conversion Cycle470439350269412282305464609287359327
Working Capital Days17016813388821671271751921188462
ROCE %5%6%4%58%119%1%1%14%7%1%10%5%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%
FIIs4.39%4.27%4.56%4.39%4.59%5.06%5.46%4.99%6.60%6.43%6.70%6.04%
DIIs9.48%10.63%12.17%11.39%10.00%9.93%10.51%10.09%9.58%10.02%10.49%10.23%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public20.79%19.77%17.93%18.88%20.08%19.67%18.69%19.58%18.47%18.20%17.48%18.37%
No. of Shareholders2,29,8432,22,0652,10,2312,13,3202,22,1282,30,0582,29,7002,26,5582,16,5122,07,3291,99,4561,96,575

Fundamentals

Market Cap₹ 15,660 Cr.
Current Price₹ 802
Stock P/E71.5
Book Value₹ 300
ROCE4.58 %
ROE3.11 %
Dividend Yield0.87 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)-39%
Consolidated figures.
Valuation
Market capRs 15,359 Cr
Enterprise valueRs 15,680 Cr
P/E (TTM)72.11x
Price to book2.62x
Price to sales5.07x
EV / EBITDA38.06x
EV / EBIT49.31x
EV / sales5.18x
Price to cash flow186.09x
Earnings yield1.39%
Dividend yield0.89%
P/E, 3-year average34.51x
P/B, 3-year average1.92x
P/E, 5-year average29.74x
P/B, 5-year average1.75x
Profitability
Operating margin (excl. other income)7.09%
Operating margin (incl. other income)12.78%
EBITDA margin13.60%
Pre-tax margin9.61%
Net profit margin7.03%
Net margin, latest quarter20.43%
ROE2.99%
ROCE4.39%
ROA2.37%
ROE, 3-year average8.78%
ROCE, 3-year average11.02%
ROA, 3-year average7.04%
ROE, 5-year average8.20%
ROCE, 5-year average10.60%
ROA, 5-year average6.55%
ROIC (approx.)3.61%
Tax rate29.93%
Other income / net worth2.77%
Growth
Sales growth (latest year)11.39%
Profit growth (latest year)-62.06%
Sales CAGR, 3 years-3.58%
Sales CAGR, 5 years7.81%
Profit CAGR, 3 years-4.19%
Sales growth QoQ3.19%
Sales growth YoY (latest quarter)26.62%
Profit growth YoY (latest quarter)28.36%
Per share
EPS (TTM)Rs 10.90
EPS (latest year)Rs 8.97
EPS (latest quarter)Rs 8.80
EPS, 3-year averageRs 24.66
EPS, 5-year averageRs 22.00
Book value per shareRs 299.89
Sales per shareRs 155.03
Cash flow per shareRs 4.22
Free cash flow per shareRs -8.65
Dividend per share (latest year)Rs 7.00
Dividend per share, 3-year averageRs 9.67
Dividend per share, 5-year averageRs 9.50
Dividends
Dividend payout78.01%
Dividend payout, 3-year average50.37%
Dividend payout, 5-year average54.63%
Efficiency
Asset turnover0.38x
Fixed asset turnover2.47x
Inventory turnover1.79x
Inventory days204 days
Debtor days85 days
Debtors turnover4.27x
Creditor days80 days
Cash conversion cycle327 days
Working capital days62 days
Leverage
Total debtRs 368 Cr
Cash and bankRs 47 Cr
Net debtRs 321 Cr
Debt to equity0.06x
Net debt / EBITDA0.78x
Interest coverage11.78x
Current ratio (filing 2026-03-31)3.22x
Quick ratio (filing 2026-03-31)2.45x
Trade payables (filing 2026-03-31)Rs 297 Cr
Owners' fund to total sources77.33%
Debt to assets4.85%
Cash flow
Cash from Operating Activity (latest year)Rs 83 Cr
Cash from Investing Activity (latest year)Rs -123 Cr
Cash from Financing Activity (latest year)Rs -46 Cr
Net Cash Flow (latest year)Rs -86 Cr
Free cash flow (latest year)Rs -169 Cr
FCFE (approx.: FCF + change in debt)Rs 26 Cr
Cash from ops / profit, 5 years0.29x
Sales to cash flow34.55x
Statement figures
Net sales (TTM)Rs 3,029 Cr
Net sales (latest year)Rs 2,852 Cr
Sales (latest quarter)Rs 842 Cr
Operating profit excl. other income (latest year)Rs 202 Cr
Operating profit (latest quarter)Rs 144 Cr
Other income (TTM)Rs 322 Cr
EBITDA (TTM)Rs 412 Cr
PBDT (TTM)Rs 385 Cr
Profit before tax (TTM)Rs 291 Cr
Tax (latest year)Rs 73 Cr
Net profit (TTM)Rs 213 Cr
Net profit (latest year)Rs 175 Cr
Net profit (latest quarter)Rs 172 Cr
Depreciation (TTM)Rs 94 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 27 Cr
Cost of goods sold (latest year)Rs 2,129 Cr
Total expenditure (latest year)Rs 2,650 Cr
Total income (latest year)Rs 3,014 Cr
Share capitalRs 39 Cr
ReservesRs 5,820 Cr
Shareholders' fundsRs 5,859 Cr
Total assetsRs 7,577 Cr
Net blockRs 1,153 Cr
Capital work in progressRs 61 Cr
InvestmentsRs 4,063 Cr
ReceivablesRs 667 Cr
InventoryRs 1,188 Cr
Other liabilitiesRs 1,350 Cr
Shares outstanding (crore)19.54
Ownership
Promoter holding65.34% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 72.1 is at the 76th percentile of its own 8.4-year range (median 27.8, low 0.7, high 324.1).
P/B 2.62 is at the 74th percentile (median 1.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGRAPHITENifty 50Difference
1 week-3.5%-2.8% -0.7 pts
1 month+7.3%-6.8% +14.1 pts
3 months+25.2%-7.6% +32.8 pts
6 months+27.5%+0.4% +27.1 pts
1 year+37.7%-9.9% +47.6 pts
2 years+34.1%-13.6% +47.7 pts
3 years+59.8%+14.2% +45.6 pts
5 years+31.2%+27.9% +3.3 pts
55 mutual fund schemes hold about ₹1,241 Cr. Over three months 7 bought more and 45 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Tata Small Cap Fund2.00%261 -13%
SBI Energy Opportunities Fund2.05%171 -17%
Bandhan Large & Mid Cap Fund0.55%116 +14%
DSP Small Cap Fund0.36%79 -17%
Tata ELSS-Tax Saver Fund1.48%70 -11%
Kotak Manufacture in India Fund2.25%66 -18%
Tata Flexi Cap Fund1.32%49 -9%
SBI Conservative Hybrid Fund(Q0.39%39 -56%
Tata Focused Fund1.89%33 -8%
Bandhan Multi Cap Fund1.03%32 -11%
Kotak Special Opportunities Fund1.86%32 +1%
Tata Business Cycle Fund1.21%32 -6%
Quant Small Cap Fund0.09%30 -16%
ITI Small Cap Fund0.80%29 +100%
Tata Multi Asset Allocation Fund0.55%29 +4%
Bandhan Value Fund0.28%28 +48%
ITI Focused Fund3.70%23 -10%
ICICI Pru Multi Cap Fund0.12%22 -15%
Bajaj Finserv Multi Asset Allocation Fund1.12%22 +0%
ICICI Pru Multi Cap Fund0.12%22 -15%
ICICI Pru Commodities Fund0.50%21 -17%
Nippon India Nifty Smallcap 250 Index Fund0.21%7 -12%
JM Small Cap Fund0.57%5 +100%
Quantum Small Cap Fund1.86%5 +27%
SBI Nifty Smallcap 250 Index Fund0.21%4 -12%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 42% vs sales +11% in 2026
explainDebt up, profit down Borrowings up 113% while net profit fell in 2026
lookProfit leans on other income Other income was 66% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹842 Cr +26.6% vs Jun 2025. Net profit ₹171 Cr +28.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Vesuvius India Ltd8,12231.721.3 %
RHI Magnesita India Ltd8,12043.46.46 %
Raghav Productivity Enhancers Ltd7,89012630.3 %
HEG Advanced Materials Ltd4,59813.08.35 %
Monolithisch India Ltd2,78296.634.8 %
IFGL Refractories Ltd1,36731.94.92 %
Foseco Crucible (India) Ltd1,11328.333.2 %
Orient Ceratech Ltd53515.911.4 %
DE Nora India Ltd39332.35.83 %
Panasonic Carbon India Company Ltd1909.9016.8 %
Royal Arc Electrodes Ltd16616.618.0 %
Refractory Shapes Ltd8918.610.7 %
Nilachal Refractories Ltd77-6.32 %
Auro Impex & Chemicals Ltd5212.610.1 %
SP Refractories Ltd236.4128.6 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-20Dividend - Rs 7 Per Share
2025-07-17Dividend - Rs 11 Per Share
2024-07-19Dividend - Rs 11 Per Share
2023-07-20Dividend - Rs 8.50 Per Share
2022-07-25Dividend - Rs 10 Per Share
2021-08-09 Dividend - Rs 5 Per Share
2020-07-20 Annual General Meeting
2020-03-23 Interim Dividend - Rs 2 Per Share
2019-06-20 Annual General Meeting/Dividend Rs 35 Per Share
2018-11-15 Interim Dividend - Rs 20 Per Share
2018-07-26 Dividend- Rs 12 Per Share
2018-02-15 Interim Dividend Rs 5/- Per Share
2017-07-27 Dividend - Rs 2 Per Share
2016-08-02 Annual General Meeting
2016-03-22 Interim Dividend - Rs 2/- Per Share (Purpose Revised)
2015-08-03Dividend - Rs 2/- Per Share (Book Closure Start Date Revised)
2014-07-25Annual General Meeting / Dividend - Rs 3.50/- Per Share
2013-07-18Annual General Meeting / Final Dividend Rs.3.5/- Per Equity Share
2012-07-18Annual General Meeting And Dividend - Rs. 3.50 Per Share
2011-07-07Annual General Meeting And Dividend Rs.3.50 Per Share
2010-07-14Annual General Meeting And Dividend Rs.3.50 Per Share
2009-07-21Agm/Div-Rs.3/- Per Share
2008-07-11Agm/Dividend - 150%
2007-07-16Agm/Spl &Fin Dividend-50%
2007-03-16Interim Dividend-100% Purpose Revised
2006-12-11Fv Split Rs.10/- To Rs.2/0.2000
2006-07-13Agm/Dividend-60%
DateTypeWhat it says
2026-09-29Regulatory actionAction(s) initiated or orders passed
2026-09-22UpdatesESG rating by SES ESG Research Private Limited.
2026-09-22Concall / analyst meetSchedule of meet
2026-09-18UpdatesESG rating by Niche Ninety Nine Capability and Certifications (OPC) Private Limited.
2026-09-09Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetSchedule of meet
2026-08-26Concall / analyst meetSchedule of meet
2026-08-14UpdatesESG and Core ESG ratings assigned by CRISIL ESG Ratings & Analytics Limited.
2026-08-10Concall / analyst meetSchedule to participate in the Emkay Confluence 2026 India Full Throttle Ahead.
2026-08-04Shareholder meetingVoting results.
2026-08-04Shareholder meetingProceedings of Annual General Meeting held on August 04, 2026
2026-08-04UpdatesEarning Presentation for the quarter ended 30.06.2026.
2026-08-04Board meeting outcomeGraphite India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28Regulatory actionAction(s) initiated or orders passed
2026-07-23General UpdatesGeneral Updates
2026-07-08UpdatesBRSR FOR FY 2025-26.
2026-07-08UpdatesIntimation under Regulation 30 .
2026-07-08Shareholder meetingNotice of Annual General Meeting to be held on August 04, 2026
2026-06-30Concall / analyst meetSchedule of meet
2026-06-30Concall / analyst meetSchedule of meet
2026-06-25UpdatesIntimation for appointment of Senior Management of the Company.
2026-06-23Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-301
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Graphite India Ltd?

Graphite India Ltd (GRAPHITE) has a market capitalisation of Rs 15,660 Cr. at the 2026-10-01 close.

What is the P/E ratio of Graphite India Ltd?

Graphite India Ltd trades at a P/E of 71.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Graphite India Ltd's latest quarterly results?

In the Jun 2026 quarter, Graphite India Ltd sales was Rs 842 Cr (+26.6% vs Jun 2025) and net profit was Rs 171 Cr.

What is the 52-week high and low of Graphite India Ltd?

The 52-week high is Rs 874.35 and the 52-week low is Rs 516.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03