1. Graphite India
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100% Buy

Graphite India Share Price

GRAPHITE

₹602.90+₹16.10 (2.74%) TodayLast updated on 17 May, 2024 | 03:58 PM IST
₹587.00₹607.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹11,359 Cr

Open

₹591.00

Close

₹586.80

Circuit range

₹704.15 - ₹469.45

Day range

₹587.00 - ₹607.00

Year range

₹310.00 - ₹709.40

Volume

13,94,819

Avg. traded

₹600.44

Revenue (12m)

₹2,950 Cr

Graphite India

Graphite India Limited (GIL) is the largest Indian manufacturer of graphite electrodes. It also makes carbon and graphite speciality products.

GIL’s manufacturing facilities are spread across six plants in India. It has also a 100%-owned subsidiary in Nuremberg, Germany, by the name Graphite COVA GmbH.

GIL started operations in India in 1967 in collaboration with the erstwhile Great Lakes Carbon Corporation (GLCC) of the USA. The company was formally incorporated in India on May 2, 1974, as Carbon Corporation Ltd. Later, in 1993-94, Graphite Vicarb India Ltd was amalgamated with the company and its name was changed from Carbon Corporation Ltd to Carbon Everflow Ltd.

In 2001, Graphite India was merged with Carbon Everflow and the name of the company was changed to Graphite India Ltd.

Graphite India Ltd began its operations with graphite electrodes, which remains the core product of the company. It later expanded operations to work in the field of speciality application of carbon and graphite.

As of January 3, 2024, the company’s market capitalisation stood at ₹10,621 crore. Graphite India share price has gone up over 73% in the last three years.

Business Operations

Graphite India’s product range extends from electrodes to a wide range of products covering impervious graphite equipment, graphite speciality products, high-speed steel, glass-reinforced plastic pipes, calcined petroleum coke and hydel power generation.

The company’s graphite and carbon segment continued to be the primary source of revenue and profit, accounting for about 92% of the total revenue in FY23.

Graphite electrodes:

Graphite electrodes are used in electric arc furnace (EAF)-based steel mills. The principal manufacturers are based in the US, Europe, Middle East, India, China, South East Asia and Japan.

Calcined petroleum coke and paste:

The company’s coke plant in Bihar manufactures calcined petroleum coke (CPC), carbon paste and electrically calcined anthracite paste. The company produces two grades of CPC – aluminium and graphite. CPC is used in the manufacturing of anodes for use in aluminium smelters, for the manufacturing of graphite electrodes and also as carburisers in steel. The division also manufactures four grades of paste – electrode paste and tamping paste. Electrode paste is used in ferro alloy smelters and tamping paste is used as a lining material in submerged arc furnaces.

Impervious graphite equipment:

The division designs, manufactures and supplies impervious graphite heat and mass transfer equipment and turnkey systems. This type of graphite is an ideal material of construction for corrosive applications in sectors like chloro-alkali, crop protection agrochemicals, chlorinated organic, speciality and fine chemicals, phosphoric acid, fertilisers, rayon, steel pickling, metal processing, polymers, drug intermediates, batteries and gelatine. Glass-reinforced plastic pipes: It manufactures large-diameter glass fibre-reinforced plastic pipes.

Powmex steels division (PSD):

This unit is in the business of manufacturing high-speed steel and alloy steel. PSD is the single largest manufacturer of high-speed steel in India. High-speed steel is used in the manufacturing of cutting tools such as drills, taps, milling cutters, reamers, hobs and broaches.

Hydel power:

Graphite India has an installed capacity of 18 megawatts of power generation through the hydel route. The company also has permission for the third-party sale of unutilized banked energy.

Financial highlights

The company’s performance for 2022-23 was subdued compared to 2021-22 mainly due to lower volume and higher costs despite higher realisations as compared to the previous year. Consolidated revenue from operations rose 5.1% to ₹3,181 crore in FY23 from ₹3,026 crore in FY22. The company’s EBITDA dropped 32.4% to ₹520 crore in FY23 from ₹769 crore in FY22. Net profit plunged 60.6% to ₹199 crore in FY23 compared with ₹505 crore in FY22. Earnings per share fell to ₹10.19 for FY23 compared with ₹25.82 in FY22.

Graphite India Key indicators

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52 week high

₹709.40

52 week low

₹310.00

P/E ratio

14.15

P/B ratio

1.96

ROE

7.67%

ROCE

9.89%

Dividend yield

1.95%

Debt/Equity ratio

0.07

EPS

17.91

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Investment checklist: (3/6)

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 2 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

18.21%

Net profit margin

12.01%

ROE

7.67%

ROA

4.11%

ROCE

9.89%

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Graphite India Shareholder returns

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1 day

+0.93%

1 week

+4.38%

1 month

-8.96%

3 months

+1.86%

1 year

+74.05%

3 years

-17.68%

5 years

+87.72%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Graphite India Share Price history

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Shareholding info

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Promoters (65.34%)

Mutual Funds (10.13%)

Retail and other (17.93%)

Foreign institutions-FII (4.56%)

Other domestic institutions (2.03%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹11/share

    Ex date

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  • Dividend • ₹8.5/share

    Ex date 20 Jul 2023

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  • Dividend • ₹10/share

    Ex date 25 Jul 2022

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