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Prices as of 8 Oct 2026 close · Not investment advice

Graphite India Limited

NSE: GRAPHITEElectrodes & Refractories

Share price

₹802.15

-3.82% close of 8 Oct 2026

Market cap ₹15,642 CrP/E 71.4

Business score

How strong the business is, in one number. The parts behind it are in Pro.

48

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹15,642 Cr

P/E ratio

71.4

P/B ratio

2.7

ROCE

4.6%

ROE

3.1%

Dividend yield

0.8%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹851.2052-week low ₹526.15

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 21.3% over the past year, and 7.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 11.0% to 3.1% over the last four years.

Whether it grew faster than its sector

It grew 7.7% a year against a sector median of 10.6% — 3.0 percentage points slower.

Room to re-rate, or risk of de-rating

At 71.4× earnings it costs 3.0× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 31.6×, across 5 companies. It is against its own five-year median of 28.3×, the 92nd percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Graphite India Limited — this one-8%/yr71.4×—
Vesuvius India Limited26%/yr31.6×₹1.2
Raghav Productivity Enhancers Limited28%/yr125.4×₹4.5
RHI MAGNESITA INDIA LIMITED-27%/yr41.0×—
HEG Advanced Materials Limited-14%/yr13.1×—
IFGL Refractories Limited-23%/yr29.4×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Electrodes & Refractories), it ranks 9 of 9 on returns, 6 of 9 on growth, 8 of 9 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 4.6% on capital, ahead of 0% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹615 crore of cash from the business, spent ₹51 crore on plant and equipment, and returned ₹807 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 77 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 175 days for its cash to waiting 62 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Sales up 27% and profit up 29% on last year, helped by 97 crore of other income

Announced 4 Aug 2026 · Consolidated · Unaudited

Revenue

₹842 Cr

Revenue vs last year

+26.6%

Revenue vs last quarter

+3.2%

Net profit

₹171 Cr

Profit vs last year

+28.6%

Net margin

20.3%

EPS

₹8.82

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹15,642 Cr
Prev close
₹802.15
52w High
₹874
52w Low
₹516
Enterprise value
₹15,994 Cr
Beta
1.3
Price CAGR 1y
41.0%
Price CAGR 3y
20.0%
Price CAGR 5y
7.0%
Price CAGR 10y
27.0%

Ratios

Return on assets
2.3%
PEG ratio
-8.9
P/E ratio
71.4
P/B ratio
2.7
EV / EBITDA
79.4
Industry P/E
31.7
ROCE
4.6%
ROCE 5y average
7.4%
ROE
3.1%
Debt / Equity
0.1
Interest coverage
10.8
Dividend yield
0.8%
ROE 3y average
4.0%
ROE last year
3.0%

Annual P&L

Annual revenue
₹2,852 Cr
Annual profit
₹171 Cr
Operating margin
7.0%
Net profit margin
6.0%
EBITDA margin
7.1%
Sales growth 3y
-3.6%
Sales growth 5y
7.8%
Profit growth 3y
-8.0%
Profit growth 5y
51.0%
EPS
₹9.0
Sales growth TTM
21.0%
Profit growth TTM
-39.0%
Dividend payout
78.0%

Quarter P&L

Sales latest quarter
₹842 Cr
Profit latest quarter
₹171 Cr
YoY quarterly sales growth
26.6%
YoY quarterly profit growth
28.6%
OPM latest quarter
17.1%

Balance Sheet

Book Value
₹300
Face Value
₹2.0
Total debt
₹368 Cr
Total cash
₹47 Cr
Borrowings
₹368 Cr
Reserves / Equity
149.2

Cash Flow

Operating cash flow
₹83 Cr
Free cash flow
-₹169 Cr
FCF yield
-1.2%
Net cash flow
-₹86 Cr

Shareholding

Promoter holding
65.3%
FII holding
6.0%
DII holding
10.2%
Public holding
18.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Graphite India834.0574.416,2950.84171.028.4842.026.64.6
Raghav Product.1,820.90133.48,3620.0519.667.586.948.730.3
Vesuvius India409.7032.58,3150.3758.5-7.1536.22.321.3
RHI Magnesita369.4540.77,6290.6864.683.21,014.05.66.5
HEG Advanced Materials246.9913.54,7661.38122.322.6680.811.18.3
Monolithisch Ind1,271.9596.12,7650.0010.1134.747.263.934.8
IFGL Refractori.183.0530.81,3191.1717.157.8512.412.84.9
Median402.0731.12,0420.6713.762.793.812.013.6

Competes with: De Nora India Limited, HEG Advanced Materials Limited, HEG Limited, IFGL Refractories Limited, ORIENT CERATECH LIMITED, RHI MAGNESITA INDIA LIMITED, Raghav Productivity Enhancers Limited, Vesuvius India Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales747793690720728643523666665729642816842
Expenses838823703730615533531627622686600955698
Material Cost236252318286296360
Change in Inventories1045639-1696-6
Purchases of Stock-in-Trade788332
Employee Cost726473666470
Other Expenses208242248261496272
Operating Profit-91-30-13-10113110-839434342-139144
OPM %-12-3.78-1.88-1.391617-1.535.866.475.906.54-1717
Other Income781,0456372194168195715089815597
Exceptional items (within Other Income)000-27160
Interest64433422232184
Depreciation18192122202223252424242323
Profit before tax-379922537284252-146916710597-125214
Tax %-1919325717235029202831-1620
Net Profit-308021716236194-21491337667-105171
EPS in Rs-1.54410.920.82129.98-1.022.566.863.943.48-5.328.80
Diluted EPS in Rs2.576.873.913.50-5.318.82

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,7111,5321,4683,2667,8583,0941,9583,0273,1812,9502,5602,8523,029
Expenses1,5741,3981,4281,8212,8383,1802,1732,5682,8693,0932,3072,6502,939
Material Cost1,0591,152
Change in Inventories63175
Purchases of Stock-in-Trade2922
Employee Cost293267
Other Expenses8621,035
Operating Profit137135401,4455,020-86-215458312-14325320290
OPM %892.704464-2.80-111510-4.901073
Other Income29498688155174316294801,258438162322
Exceptional items (within Other Income)0-11
Interest169881218651317112527
Depreciation44494652625152555780909594
Profit before tax107125721,4735,10119436933221,017591244291
Tax %463423033-1341752738212230
Net Profit5883701,0323,39645-32505199805458171209
EPS in Rs2.954.243.61531742.30-1.64261041248.9711
Diluted EPS in Rs248.97
Dividend Payout %684755323287-3053983274778

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
8%
3 years
-4%
TTM
21%

Compounded profit growth

10 years
8%
5 years
51%
3 years
-8%
TTM
-39%

Stock price CAGR

10 years
27%
5 years
7%
3 years
20%
1 year
41%

Return on equity

10 years
14%
5 years
5%
3 years
4%
Last year
3%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 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
Minority Interest1-3
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 Assets2,5952,5072,5603,7316,9025,5785,5276,2976,5086,7907,2317,580

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 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 %56458119111471105

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters656565656565656565656565
FIIs4.394.274.564.394.595.065.464.996.606.436.706.04
DIIs9.48111211109.9311109.58101010
Government000000000000.01
Public212018192020192018181718
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

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +36.0% (₹589.95 → ₹802.15)Brick size ₹33.87 (fixed)Bricks 24
₹600₹700₹802Nov '25Feb '26May '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹802.15 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,68,48,412inr

2026-03-31

News

News and filings about Graphite India Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • coal tar pitch
  • petroleum needle coke

Depends on the price of

  • Crude Oil Brent
  • fuel

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Electrodes & Refractories
Classification
Capital Goods › Electrodes & Refractories
ISIN
INE371A01025

Business segments

  • Graphite and Carbon · 91%
  • Steel · 9%
  • Others · 0%

Plants

  • Graphite COVA GmbH
  • Graphite India Bangalore Plant
  • Graphite India Durgapur Plant
  • Graphite India Nashik Plant

News impact

Big market events that reach Graphite India Limited, and how the effect spreads.

Who it hits first

  • HEG Advanced Materials, which makes graphite products and battery packs, won a Rs 127.35 crore order to supply lithium-ion battery banks (large backup batteries) to Replus Engitech, a unit of mobile-tower operator Indus Towers, with deliveries through May 2027.
  • The order adds new sales to HEG's battery business and shows its tower-backup product is selling.
  • Indus Towers and Replus Engitech have no fundamentals row in this pack, so no stock signal is given for the buyer side.

Who may gain

  • HEG Advanced Materials, the battery-pack supplier, which books Rs 127.35 crore of tower-backup sales through May 2027
  • Replus Engitech and Indus Towers, the tower operator, which secures backup power for its sites (buyer, not a stock pick here)

Along the supply chain

Downstream

Downstream, Replus Engitech and its parent Indus Towers, the mobile-tower operator, receive battery banks for tower backup through May 2027, while HEG's steel customers that buy graphite electrodes — Jindal Stainless, Tata Steel, Steel Authority of India and Jindal Steel — buy a different product and see no flow from this battery win.

Upstream

No direct upstream pull — XTRANET, the listed information-technology supplier to HEG, does not make battery cells or parts, so the Rs 127.35 crore battery order does not flow to it, and no battery-part supplier is shown in this pack.

Where demand moves

Business

Business demand flows one way: Indus Towers needs backup power for its mobile towers, so its unit Replus Engitech buys Rs 127.35 crore of battery banks from HEG Advanced Materials, lifting HEG's factory use through May 2027, while graphite-electrode and furnace-lining peers see none of this battery demand.

Capital

Capital follows the seller: investors are likely to bid up HEGAM shares modestly on the confirmed order, while peer names Graphite India, RHI Magnesita, RPEL and Vesuvius India see no new money from this win and trade on their own results.

How it spreads across sectors

Capital Goods

Small positive read for battery and power-gear makers as a Rs 127.35 crore tower-backup order confirms demand, but graphite-electrode and refractory makers that compete with HEG see no spillover.

Power

Neutral for power producers — a telecom tower-backup battery order does not change electricity demand or plant sales.

When it plays out

Immediate

In 1–7 days HEGAM shares react modestly to the Rs 127.35 crore order news while peers stay flat.

Medium term

In 1–6 months HEG books battery revenue and may chase repeat tower orders, while peers move only on their own electrode and refractory demand.

Short term

In 1–4 weeks focus shifts to delivery start and payment terms with Replus Engitech through May 2027.

Who it hits first

  • PetroChina, China's state oil giant, cancelled October gasoline (petrol) and jet fuel shipments meant for export.
  • With less Chinese fuel reaching Asia, regional petrol and jet-fuel prices rise and refining profit (the gap between crude cost and fuel price) widens for Indian fuel-makers.
  • Reliance Industries, the oil-to-retail giant, and MRPL, the Mangalore refiner, can sell fuel at richer margins for now.

Who may gain

  • Reliance Industries and MRPL gain higher export and domestic fuel margins while Chinese supply stays off.
  • Other Asian refiners with spare capacity also fetch better prices for petrol and jet fuel.

Along the supply chain

Downstream

Downstream, airlines like IndiGo, parcel carriers like Blue Dart and cement makers like UltraTech pay more for jet fuel, diesel and furnace fuel, squeezing their profits.

Upstream

Upstream, crude suppliers see steady demand as Indian refiners run plants harder to fill the gap left by China.

Where demand moves

Business

Business demand shifts: Asian buyers turn to Indian refiners like Reliance and MRPL for October petrol and jet fuel, lifting their sales volumes and prices.

Capital

Capital rotates into refiner shares on margin hopes while pulling from fuel-hungry airlines, logistics and cement makers facing cost squeezes.

How it spreads across sectors

Chemicals

Chemical makers face dearer fuel and feedstock, raising factory costs.

Construction Materials

Cement makers like UltraTech and India Cements pay more to fire kilns, trimming profits.

Oil, Gas & Consumable Fuels

Refiners earn fatter margins as Asian fuel supplies tighten on China's halt.

Services

Truckers and couriers pass on higher diesel costs or absorb margin hits.

Commodity angle

Commodity

fuel

Move series

fuel

Note

Fuel prices are up 32% over 3 months as China and others curb exports; margin impact bps were null for all signaled names because cost weights were unavailable, so signals use qualitative fuel-cost exposure instead.

Shock

price

Unit

A pattern seen before

Cascade chain

  • China fuel exports halted → Asian gasoline and jet fuel supplies tighten → refining margins up
  • Higher fuel prices → airline, logistics and cement costs up → margins squeezed
  • Costlier fuel → chemicals, textiles and FMCG input costs up → demand softens

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade
  • China Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Pharma
  • Power
  • Textiles

When it plays out

Immediate

In 1-7 days Asian fuel prices jump and refiner shares firm while airline and logistics shares soften.

Medium term

In 1-6 months margins normalise if China resumes exports or other countries add supply; prolonged curbs keep fuel users under pressure.

Short term

In 1-4 weeks Indian refiners lift exports and fuel buyers pay higher October bills.

Who it hits first

  • RHI Magnesita India, which makes heat-proof linings for steel and cement furnaces, saw 11.11% of its shares (2.29 crore shares) change hands in one block trade (a large pre-agreed sale) at Rs 360 each for Rs 826 crore.
  • The seller Dalmia Bharat Refractories cashed out that chunk while SBI Mutual Fund led the buying with Bandhan Mutual Fund, and RHI shares still rose 3.04% to Rs 379.20, showing strong demand for the stock.

Who may gain

  • RHI Magnesita India shareholders, who see a higher price near Rs 379.20 with the large-seller overhang gone and bigger mutual-fund ownership
  • Dalmia Bharat Refractories, which turns an 11.11% stake into Rs 826 crore of cash it can use elsewhere

Along the supply chain

Downstream

No downstream change — steel and cement customers such as Tata Steel, JSW Steel and UltraTech Cement still buy the same furnace linings on the same terms; only who owns RHI shares changed.

Upstream

No upstream change — the pack lists no raw-material suppliers for RHI Magnesita India, and a shareholder shuffle does not change what it buys or pays.

Where demand moves

Business

No new business demand — steel and cement makers order no extra furnace linings because of this trade; only existing shares moved from one owner to new owners.

Capital

Clear capital demand — SBI Mutual Fund and Bandhan Mutual Fund paid Rs 826 crore to absorb 2.29 crore shares at Rs 360, and the price rising to Rs 379.20 shows buyers wanted more stock than offered, leaving steadier institutional hands.

How it spreads across sectors

Capital Goods

Only mood, no orders — rival lining and electrode makers such as GRAPHITE, HEG and BLEL may feel a brief sentiment lift from big mutual-fund buying but no new sales.

Construction Materials

No impact — cement makers including Dalmia Bharat and UltraTech Cement face no change in demand or costs from this share trade.

Metals & Mining

No impact — steel makers that buy RHI linings, such as Tata Steel and JSW Steel, see no change in supply or price.

When it plays out

Immediate

1-7 days: RHI shares digest the block; with the 11.11% overhang gone and funds holding stock bought at Rs 360, the price near Rs 379.20 holds unless wider selling hits.

Medium term

1-6 months: RHI moves on furnace-lining earnings and steel demand, not on who bought this block; rivals and customers stay unaffected throughout.

Short term

1-4 weeks: focus shifts back to lining orders and margins as the trade itself fades as a price driver.

Who it hits first

  • Graphite India and HEG reprice electrode contracts ~30% higher
  • Steel makers (Tata, JSW, SAIL, Jindal, JSL) face higher consumable cost
  • Needle-coke input costs partly offset electrode gains

Who may gain

  • Electrode makers expand margins sharply on price-over-cost
  • Needle-coke suppliers gain volume pull

Along the supply chain

Downstream

Steel mills absorb electrode inflation; EAF-route mills feel it most.

Upstream

Needle-coke and pitch suppliers gain as electrode output rises.

Where demand moves

Business

Steel plants pay more per tonne of electrodes; electrode makers run full utilisation; needle-coke procurement intensifies.

Capital

Money chases electrode makers on pricing power and trims steel mills on cost push.

How it spreads across sectors

Capital Goods

electrode makers re-rate on 30% pricing power

Metals & Mining

steel mills face consumable-cost inflation

When it plays out

Immediate

Electrode stocks extend gains; steel mills soften mildly.

Medium term

Electrode super-cycle lasts while EAF steel growth outruns capacity.

Short term

Watch contract renewals and needle-coke cost pass-through.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

20 Jul 2026unspecified₹7
17 Jul 2025unspecified₹11
19 Jul 2024unspecified₹11
20 Jul 2023unspecified₹8.5
25 Jul 2022unspecified₹10
9 Aug 2021unspecified₹5
23 Mar 2020interim₹2
20 Jun 2019unspecified₹35

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
9 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDSELL14,65,009₹846.24
9 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDBUY14,65,009₹845.91
9 Sep 2026QE SECURITIES LLPSELL14,06,241₹842.65
9 Sep 2026QE SECURITIES LLPBUY13,52,293₹840.31
9 Sep 2026HRTI PRIVATE LIMITEDBUY11,78,540₹843.06
9 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY11,27,661₹847.21
9 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL11,20,849₹848.20
9 Sep 2026HRTI PRIVATE LIMITEDSELL9,98,742₹844.74

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.