Graphite India Ltd.

NSE: GRAPHITE · Electrodes & Refractories

52W Range₹506 ₹802

Snapshot

Unlock Graphite India Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Graphite India Limited is a leading manufacturer of graphite electrodes and carbon-based specialty products, serving industries such as steel, aluminium, and ferro-alloys. The company also produces impervious graphite equipment, chemical process systems, and high-speed steel, while maintaining a hydel power plant for electricity generation.

Business Model

The company generates revenue through the production and sale of high-performance graphite electrodes and carbon products, alongside specialized chemical processing equipment. It operates through two primary segments: Graphite and Carbon, and Others, leveraging both domestic and international market demand.

Growth Outlook

Growth is primarily driven by the global demand for steel production and the expansion of electric arc furnace (EAF) technology. The company also focuses on diversifying its portfolio through high-value specialty carbon products and chemical equipment solutions.

Key Risks

  • Cyclicality of Steel Industry. The company's performance is highly sensitive to the global steel industry's capacity utilisation and production cycles.
  • Raw Material Price Volatility. Fluctuations in the prices of needle coke and other key raw materials significantly impact manufacturing margins.
  • Geopolitical and Trade Risks. As an exporter, the company is exposed to international trade barriers, anti-dumping duties, and global supply chain disruptions.
  • Energy Cost Sensitivity. The energy-intensive nature of graphite electrode manufacturing makes the company vulnerable to volatility in power and fuel costs.

Price

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Key Metrics

REVENUE

₹3,517 Cr

TTM · consolidated

+37.4%YoY

NET PROFIT

₹304 Cr

TTM · consolidated

-33.6%YoY

EPS

₹15.84

TTM · consolidated

-33.0%YoY

RETURN ON EQUITY

5.2%

TTM · consolidated

-2.9 ppYoY

RETURN ON CAPITAL EMPLOYED

7.2%

TTM · consolidated

-3.1 ppYoY

P/E

41.4x

Q4 FY26 · consolidated

41.4 vs 30.4x5Y avg

EV/EBITDA

23.1x

Q4 FY26 · consolidated

23.1 vs 25.5x5Y avg

EBITDA MARGIN

16.2%

TTM · consolidated

-10.8 ppYoY

NET PROFIT MARGIN

-12.9%

Q4 FY26 · consolidated

-20.3 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.03xYoY

Peers · Electrodes & Refractories

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Graphite India Ltd.GRAPHITE
11,29141.3623.1437.4%16.2%5.2%7.2%+11.6%
H.E.G. Ltd.HEG
9,53434.9323.1919.3%20.9%7.5%7.0%+14.1%
Vesuvius India LimitedVESUVIUS
9,32236.4821.9911.8%19.8%17.5%23.1%-9.1%
RHI MAGNESITA INDIA LTD.RHIM
7,153-21.8918.169.4%11.7%-9.8%-6.6%-15.8%
Raghav Productivity Enhancers Ltd.RPEL
2,830109.1677.3628.8%30.1%26.5%32.5%+85.3%
IFGL Refractori.IFGLEXPOR
1,00145.5511.8114.6%7.7%3.1%5.0%-61.3%

As of Q4 FY26

Financials