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Graphite India Ltd share Price Today

Company details

603.35
620.90
310.00
709.40
6M Return 26.09%
1Y Return 74.89%
Mkt Cap.(Cr) 11,892.54
Volume 940,576
Div Yield 1.78%
OI
-
OI Chg %
-
Volume 940,576

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Performance set to improve, going forward…
About The Stock

    Graphite India (GIL) is the largest Indian producer of graphite electrodes by total capacity. Its manufacturing capacity is 98000 tonnes per annum.

    • While GIL manufactures a full range of graphite electrodes, it stays focused on the higher margin, large diameter, ultra-high power (UHP) electrodes
    • GIL has over 40 years of technical expertise in the industry
Q3FY23

    Graphite India reported a muted Q3FY23 performance on account of subdued capacity utilisation levels during the quarter.

    • For Q3FY23, consolidated capacity utilisation was at 42% compared to 90% in Q3FY22 and 56% in Q2FY23. On the back of lower-than-expected capacity utilisation, consolidated topline came in lower than our estimate. For Q3FY23, GIL reported a consolidated topline of ₹ 701 crore, down 15% QoQ, lower than our estimate of ₹ 1001 crore

     

    • Consolidated EBITDA for the quarter was at ₹ 72 crore, down 29% QoQ. Consolidated EBITDA margin for the quarter was at 10.3% compared to 12.4% for Q2FY23

     

    • During the quarter, consolidated other income was at ₹ 33 crore, down 50% YoY, 70% QoQ. Ensuing consolidated PAT for the quarter was at ₹ 53 crore

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Industrial Goods company Graphite India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Net Sales of Rs 720 crore, a decline of 11.7% YoY
  • EBITDA of Rs 62 crore with margin of 7.5%
  • Net Profit of Rs 16 crore
  • EPS of Rs 0.80 per share

Standalone:

  • Net Sales of Rs 706 crore, a decline of 2.9% YoY
  • EBITDA of Rs 66 crore with margin of 9.3%
  • Net Profit of Rs 34 crore
  • EPS of Rs 1.73 per share

FY24 Financial Highlights:

Consolidated:

  • Net Sales of Rs 2,950 crore, a decline of 7.3% YoY
  • EBITDA of Rs 160 crore with margin of 5.4%
  • Net Profit of Rs 805 crore
  • EPS of Rs 41.36 per share
  • Gross Debt of Rs 177 crore
  • Cash (Net of Gross Debt) of Rs 3,307 crore
  • Dividend announced of Rs 11 per share for FY24
  • Dividend pay out ratio of 550% on the Face Value

Standalone:

  • Net Sales of Rs 2,894 crore, a decline of 0.7% YoY
  • EBITDA of Rs 207 crore with margin of 7.2%
  • Net Profit of Rs 872 crore
  • EPS of Rs 44.62 per share

K K Bangur, Chairman of Graphite India said, “For FY2024, Graphite India delivered Consolidated Net Sales of Rs 2,950 crore, EBITDA of Rs 160 crore and Net Profit of Rs 805 crore, which includes the sale of land in Bengaluru. Although sales volume increased during the year, lower realisations impacted Net Sales by 7.3% compared to the previous year. During Q4 FY24, standalone capacity utilisation increased to 93% as compared to 61% in Q4 FY23. Graphite India is well capitalised with a Net Cash balance of Rs 3,307 crore at the end of March 2024.

Steel demand in developed economies has shown modest near-term growth, with a projected increase of 1.3% in 2024 and a further 2.7% growth in 2025. In China, steel demand remains relatively low as a result of the slowdown in the real estate sector. However, this has been offset by growth from the infrastructure and manufacturing sectors, resulting in 2024 expected demand to be flat compared to the previous year. In sharp contrast, India's steel demand has a positive near-term outlook considering robust plans for infrastructure investments across the country, with an anticipated 8% annual growth rate. The pricing for graphite electrodes continues to remain under pressure while input costs need further correction.

Global decarbonisation of steel will support the EAF manufacturing process, resulting in a significant increase in demand of graphite electrodes in the medium to long term. The current uncertainties in the world economy with persistent inflation, higher interest rates and geopolitical tensions could delay the trend. In alignment with the company’s commitment to sustainability objectives, Graphite India has partly commissioned its first wind power facility for captive consumption, with full commissioning expected by Q1FY25. This initiative will lead to substantial energy cost savings and a reduction in carbon emissions. As Graphite India navigates through this challenging environment, management remains focused on overall operational efficiencies with a long term goal towards a stronger future.”

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Graphite India Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Company with Low Debt

Weakness (4)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining profits every quarter for the past 2 quarters

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 627.2
R2 635.7
R3 646.8
Pivot

616.00

S1 607.5
S2 596.4
S3 587.9
EMA SMA
616.6
619.4
594.3
545.2
631.4
631.8
596.0
537.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-09-08 526.6 1432725 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-09-08 526.93 1432725 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-06-02 365.59 987456 NSE
Name Category Shares
Emerald Company Private Limited PROMOTER 61.33%
G K W Limited PROMOTER 2.05%
Emerald Matrix Holdings Pte ltd PROMOTER 0.71%

OUR RESEARCH VIEW

Investment recommendation
Performance set to improve, going forward…
Call Date
11 Feb 2023
Entry Price 330.00
Target Price 385.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Graphite India Ltd Stocks COMPARISON

Financials( in Cr) Graphite India Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 608.70 3,752.15 4,899.50 1,778.30 2,348.90
% Change 0.96 -1.02 -0.84 2.73 -1.15
Mcap Cr 11,892.54 104,009.60 58,380.48 33,833.58 26,007.02
Revenue TTM Cr 3,180.92 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 199.05 1,228.15 450.70 441.70 295.08
PE TTM 14.93 70.07 100.65 72.38 68.42
1 Year Return 74.89 128.23 114.88 52.89 14.20
ROCE 9.89 26.89 14.53 20.69 27.49
ROE 7.67 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,963.84 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 103,643.75 -39,912.42
LAST 6M 170,661.45 50,171.66
LAST 12M 264,707.07 127,969.33
Graphite India Limited - Other General Purpose

May 18, 2024 l NSE Announcement

Graphite India Limited - Loss of Share Certificates

May 17, 2024 l NSE Announcement

Graphite India Limited - Loss of Share Certificates

May 16, 2024 l NSE Announcement

Date Action Type Ratio
Jul 20, 2023 Dividend 425
Jul 25, 2022 Dividend 500

Graphite India Ltd Information

Stock PE (TTM)
14.93
Promoter Holding
65.34%
Book Value
287.1943
ROCE
9.89%
ROE
7.67%
Description
  • Graphite India Ltd. is a prominent manufacturer of graphite electrodes and carbon and graphite specialty products, such as flexible graphite sheets and tubes in the country. Founded in 1967 in collaboration with the erstwhile Great Lakes Carbon Corporation (GLCC) of the US, Graphite India Ltd. has been in the graphite and carbon industry for more than 50 years. Graphite India Ltd. is presently headquartered in Kolkata, West Bengal. The company’s total revenue for FY 2021-2022 was Rs. 844 crore, and its market capitalisation as of 16 June 2022 was Rs. 7,920.53 crore.

    Graphite India Ltd. has six manufacturing plants in India. In addition to this, the company also has a 100% owned subsidiary, Graphite COVA GmbH, at Nuremberg, Germany. In addition to this, the company has three divisions:

    • Graphite Electrode Division manufactures graphite electrodes and specialty graphite products
    • Impervious Graphite Equipment Division manufactures impervious graphite heat and mass transfer equipment and systems
    • GRP Division manufactures glass fibre reinforced plastic pipes and tanks

    Graphite India Ltd.’s shareholding pattern includes eight shareholder categories. Promoters hold a 64.52% stake, foreign institutions have a 5.1% stake, national banks and mutual funds have a 5.69% stake, the general public has a 16.54% stake, financial institutions have a 3.41% stake, while foreign promoters have a 0.82% stake. The remaining 3.92% is allotted to other categories.

    Mr K K Bangur is the chairman of the company. Mr A Dixit is the executive director, while Mr B Shiva, Mr A K Dutta, and Mr S W Parnerkar are the vice-presidents for the legal, marketing, and finance departments, respectively. Mr B Shiva is also the company secretary, while  Mr S W Pamerkar is serving as the CFO. Mr P K Khaitan and Mr N S Damani are non-executive directors of the company.

    Here is the latest graphite share price:

    On 16 June 2022, graphite share price NSE was Rs. 383.60. Graphite India ltd share price on BSE closed at Rs. 383.65 on 16 June 2022. The 52-week high Graphite India share price was Rs. 754, and the 52-week low of the Graphite India share price was Rs. 382.05 as of 16 June 2022.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

31 Chowringhee Road, , Kolkata, West Bengal, 700016

Tel : 91-33-22265755/2334/4942/40029600
Email : investorgrievance:graphiteindia.com; gilro:graphit
Website : http://www.graphiteindia.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 509488
NSE Code : GRAPHITE
Book Closure Date (Month) :
BSE Group : A
ISIN : INE371A01025

FAQ’s on Graphite India Ltd Shares

You can buy Graphite India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Graphite India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 21, 2024 11:24 AM the closing price of Graphite India Ltd was Rs.608.70.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 21, 2024 11:24 AM, the market cap of Graphite India Ltd stood at Rs. 11,892.54.

The latest PE ratio of Graphite India Ltd as of May 21, 2024 11:24 AM is 14.93

The latest PB ratio of Graphite India Ltd as of May 21, 2024 11:24 AM is 0.48

The 52-week high of Graphite India Ltd share price is Rs. 709.40 while the 52-week low is Rs. 310.00

According to analyst recommendations, Graphite India Ltd Share has a "Buy" rating for the long term.

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