Graphite India Ltd
NSE: GRAPHITE · Electrodes & Refractories · sector
₹736.05NSE close 2026-10-26
Key numbers
Market cap₹14,353 cr
Price₹736.05
52w high / low₹874 / ₹516
P/E67.4xSector median 30.2x
P/B2.5xSector median 2.2x
Book value₹300.5
Dividend yield1.50%Sector median 1.00%
ROE3.6%Sector median 9.4%
ROCE5.1%Sector median 12.3%
OPM2.6%Sector median 10.8%
Debt / equity0.06xSector median 0.04x
EV/EBITDA149.4xSector median 20.3x
Interest cover11.8x
Current ratio3.22x
Sales growth 3y-3.6%Sector median +6.9%
Profit growth 3y-4.2%Sector median -4.2%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 10 companies in Electrodes & Refractories (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,919 cr vs borrowings ₹367 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 11.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 156% of net profit in the last 12 months.
- Debtor days went from 65 (FY24) to 85 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹736.05 on 2026-10-26: -15.8% from the 52-week high, +42.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹844.65 · low ₹374.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 643 | 523 | 666 | 665 | 729 | 642 | 816 | 842 |
| EBITDA | 110 | -8 | 39 | 43 | 43 | 15 | -123 | 144 |
| OPM % | 17.1% | -1.5% | 5.9% | 6.5% | 5.9% | 2.3% | -15.1% | 17.1% |
| Other income | 168 | 19 | 57 | 150 | 89 | 108 | 39 | 97 |
| Net profit | 195 | -20 | 50 | 134 | 77 | 68 | -104 | 172 |
| EPS (₹) | 10.00 | -1.03 | 2.57 | 6.87 | 3.91 | 3.50 | -5.31 | 8.82 |
| Revenue YoY | +13.4% | +22.8% | +22.5% | +26.6% | ||||
| Profit YoY | -60.5% | – | -308.0% | +28.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,79,900 | 3,181 | 2,950 | 2,560 | 2,852 | 3,029 |
| EBITDA | 52,400 | 259 | 811 | 254 | 190 | 79 |
| Net profit | 57,400 | 199 | 809 | 462 | 175 | 213 |
| EPS (₹) | 29.39 | 10.19 | 41.41 | 23.65 | 8.97 | 10.92 |
| Revenue growth | -98.9% | -7.3% | -13.2% | +11.4% | +21.3% | |
| Profit growth | -99.7% | +306.5% | -42.9% | -62.1% | -40.7% | |
| Dividend / share (₹) | 5.00 | 10.00 | 8.50 | 11.00 | 11.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -3.6% | +7.8% | +21.3% |
| Net profit | -4.2% | – | -40.7% |
| EPS | -4.2% | – | – |
| Share price | – | +14.8% (2y) | +30.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 4,965 | 5,612 | 5,866 | 5,859 |
| Borrowings | – | 425 | 177 | 172 | 367 |
| Cash & equivalents | – | 1,479 | 2,717 | 3,202 | 2,919 |
| Total assets | – | 6,511 | 6,796 | 7,231 | 7,580 |
| Fixed assets | – | 721 | 880 | 1,024 | 1,074 |
| Capital work in progress | – | 126 | 146 | 65 | 61 |
| Investments | – | 934 | 922 | 1,004 | 1,190 |
| Receivables | – | 546 | 522 | 468 | 667 |
| Inventory | – | 2,328 | 1,354 | 1,186 | 1,188 |
| Payables | – | 303 | 162 | 264 | 297 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -19,300 | -161 | 682 | 500 | 82 |
| Cash from investing | 16,500 | 329 | -240 | -202 | -123 |
| Cash from financing | 2,000 | -212 | -428 | -226 | -47 |
| Capex | 8,600 | 170 | 260 | 168 | 251 |
| Free cash flow | -27,900 | -331 | 422 | 332 | -169 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.0% | 14.4% | 7.9% | 3.0% |
| ROCE % | – | 6.2% | 17.9% | 10.0% | 4.3% |
| Debtor days | – | 63 | 65 | 67 | 85 |
| Inventory days | – | 628 | 252 | 376 | 321 |
| Payable days | – | 82 | 30 | 84 | 80 |
| Cash conversion cycle (days) | – | 609 | 287 | 359 | 326 |
| Working capital days | – | 362 | 454 | 541 | 436 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 65.34% |
| FIIs | 8.11% |
| DIIs | 9.67% |
| of which Mutual funds | 8.14% |
| of which Insurance | 0.81% |
| Government | 0.02% |
| Public (non-institutions) | 16.87% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 65.34% | 65.34% | 65.34% | 65.34% | 65.34% | 65.34% | 65.34% | 65.34% |
| Promoter group | % |
|---|---|
| Emerald Company Private Limited | 61.33% |
| G K W Limited | 2.05% |
| Emerald Matrix Holdings Pte ltd | 0.71% |
| Shree Laxmi Agents Private Limited | 0.45% |
| Carbo Ceramics Limited | 0.20% |
| Siddhant Bangur | 0.13% |
| Manjushree Bangur | 0.13% |
| Mr Krishna Kumar Bangur (Trustee of Krishna Kumar Bangur Family Welfare Trust) | 0.10% |
| Aparna Bangur | 0.10% |
| Divya Bagri | 0.09% |
| Rukmani Devi Bangur | 0.03% |
| Krishna Kumar Bangur HUF (Karta - Mr. Krishna Kumar Bangur) | 0.03% |
| Krishna Kumar Bangur | 0.01% |
| Emerald Family Trust (Trustee - Emerald Highrise Private Limited) | 0.00% |
| KKB Family Trust (Trustee - Emerald Highrise Private Limited) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Tata Flexi CAP Fund | 3.06% |
| Bandhan Large & MID CAP Fund | 1.19% |
1,90,481 shareholders. Pledged: 0.00% of promoter shares.
Peers in Electrodes & Refractories
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GRAPHITE | ₹14,353 cr | 67.4x | 2.5x | 3.6% | 5.1% | 2.6% | -3.6% | 1.50% |
| VESUVIUS | ₹7,824 cr | 30.6x | 4.5x | 15.7% | 19.9% | 16.7% | – | – |
| RPEL | ₹7,784 cr | 110.4x | 27.6x | 28.4% | 31.4% | 29.9% | – | 0.06% |
| RHIM | ₹7,213 cr | – | 2.0x | -9.4% | -6.2% | -1.9% | +13.8% | 0.72% |
| HEGAM | ₹3,956 cr | 11.0x | 0.8x | 7.8% | 6.3% | 10.0% | +1.4% | 0.92% |
| IFGLEXPOR | ₹1,159 cr | 28.3x | 1.0x | 3.6% | 4.9% | 6.8% | +11.0% | 2.18% |
| FOSECOC | ₹990 cr | 38.0x | 7.1x | 17.1% | 23.6% | 19.7% | +3.6% | 1.07% |
| ORIENTCER | ₹454 cr | 17.4x | 1.5x | 8.9% | 12.1% | 11.7% | +10.1% | 0.68% |
| DENORA | ₹368 cr | 30.2x | 2.8x | 9.8% | 12.6% | 8.6% | +18.2% | – |
| PANCARBON | ₹180 cr | 9.4x | 1.0x | 10.7% | 14.6% | 30.5% | +3.0% | 3.19% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Graphite and Carbon | ₹2,594 cr | 90.9% | ₹164 cr | 6.3% |
| Steel | ₹257 cr | 9.0% | ₹42 cr | 16.3% |
| Others | ₹4 cr | 0.1% | ₹-24 cr | -600.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-20 | Dividend | Dividend - Rs 7 Per Share |
| 2025-07-17 | Dividend | Dividend - Rs 11 Per Share |
| 2024-07-19 | Dividend | Dividend - Rs 11 Per Share |
| 2023-07-20 | Dividend | Dividend - Rs 8.50 Per Share |
| 2022-07-25 | Dividend | Dividend - Rs 10 Per Share |
| 2021-08-09 | Dividend | Dividend - Rs 5 Per Share |
| 2020-07-20 | Other | Annual General Meeting |
| 2020-03-23 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2019-06-20 | Dividend | Annual General Meeting/Dividend Rs 35 Per Share |
| 2018-11-15 | Dividend | Interim Dividend - Rs 20 Per Share |
| 2018-07-26 | Dividend | Dividend- Rs 12 Per Share |
| 2018-02-15 | Dividend | Interim Dividend Rs 5/- Per Share |
| 2017-07-27 | Dividend | Dividend - Rs 2 Per Share |
| 2016-08-02 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Rs 2/- Per Share (Purpose Revised) |
| 2015-08-03 | Dividend | Dividend - Rs 2/- Per Share (Book Closure Start Date Revised) |
| 2014-07-25 | Dividend | Annual General Meeting / Dividend - Rs 3.50/- Per Share |
| 2013-07-18 | Dividend | Annual General Meeting / Final Dividend Rs.3.5/- Per Equity Share |
| 2012-07-18 | Dividend | Annual General Meeting And Dividend - Rs. 3.50 Per Share |
| 2011-07-07 | Dividend | Annual General Meeting And Dividend Rs.3.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing & Selling: Graphite Electrodes & Miscellaneous Graphite products
- Manufacturing & Selling: Calcined Petroleum Coke
- Manufacturing & Selling: Impervious Graphite Equipment & Spares
- Manufacturing & Selling: High Speed Steel
| Sector | Industrials |
| Industry | Electrodes & Refractories |
| Sub-industry | Electrodes & Refractories |
| Symbol | GRAPHITE |
| BSE code | 509488 |
| ISIN | INE371A01025 |
| Face value | ₹2.0 |
| Incorporated | 1974-05-02 |
| Website | www.graphiteindia.com |
| Plants (India / abroad) | 7 / 2 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.