Partner With Us NRI

Graphite India Ltd share Price

Company details

6M Return 78.11%
1Y Return 30.38%
Mkt Cap.(Cr) 9,667.20
Volume 270,401
Div Yield 1.72%
OI Chg %
Volume 270,401

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
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 of 98000 tonnes per annum is spread over three plants at Durgapur & Nashik in India & Nuremberg in Germany.

    • 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
Q4FY22 Results

    GIL reported a subdued performance in Q4FY22. Muted performance from German operation impacted overall consolidated performance. German operations were impacted by sharp increase in electricity & gas prices.

    • For the quarter, GIL reported a standalone capacity utilisation of 92% compared to 85% in Q4FY21 and 99% in Q3FY22. Standalone topline for the quarter was at ₹ 767 crore, up 36% YoY but down 8% QoQ. Standalone reported EBITDA for the quarter was at ₹ 107 crore, down 16% YoY, 32% QoQ. Ensuing standalone PAT for the quarter was at ₹ 122 crore, up 7% YoY but down 21% QoQ
    • For the quarter, GIL reported consolidated capacity utilisation of 76% compared to 73% in Q4FY21 and 90% in Q3FY22 (our estimate of 92%). Consolidated topline for the quarter was at ₹ 844 crore, up 49% YoY but down 4% QoQ
    • Consolidated reported EBITDA for the quarter was at ₹ 88 crore, up 13% YoY but down 36% QoQ. Ensuing consolidated PAT for the quarter was at ₹ 95 crore, up 48% YoY but down 29% QoQ

Click here for full recommendation

Research view on more stocks

Industrial goods company Graphite India announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Net sales of Rs 747 crore, a decline of 13.7% YoY and 8.3% QoQ
    • EBITDA of Rs (13) crore as compared to Rs 59 crore in Q1FY23
    • Net loss of Rs 30 crore as compared to Net Profit of Rs 24 crore in Q1FY23
    • EPS of Rs (1.56) per share
    • Gross debt of Rs 360 crore
    • Cash (net of gross debt) of Rs 2,115 crore
  • Standalone Q1FY24:
    • Net sales of Rs 720 crore, a decline of 9.8% YoY and 1.0% QoQ
    • EBITDA of Rs (14) crore as compared to Rs 97 crore in Q1FY23
    • Net loss of Rs 27 crore as compared to Net Profit of Rs 63 crore in Q1FY23
    • EPS of Rs (1.39) per share
    • Gross debt of Rs 280 crore
    • Cash (net of gross debt) of Rs 1,942 crore

K K Bangur, Chairman, Graphite India, said, "In Q1FY24 Graphite India registered Consolidated Net Sales of Rs 747 crore, a decline of 13.7% YoY and a decline of 8.3% on QoQ basis. Operating EBITDA was Rs (13) crore after the provision of inventory write-down of Rs 157 crore which resulted in a Net Loss of Rs 30 crore. The standalone capacity utilization during the quarter was 67% as compared to 80% in Q1FY23. This quarter’s financial results were impacted due to a decline in both realization and volume.

Globally, there has been a 1.7% decline in YoY steel production, mainly attributed to subdued demand for electrodes. This has led to reduced capacity utilization and pricing pressures across the industry. Despite this trend, India has displayed resilience, achieving a substantial 7.8% YoY growth in its steel output during Q1FY24. However, the increased availability of imported graphite electrodes has impacted domestic demand and pricing. Raw Material price correction was not aligned with the fall in electrode price impacting operating margins.

Higher government spending on infrastructure and increased traction of EAFs in the steel industry will drive medium to long-term growth in coming quarters. Stringent emission regulations enforced by the governments globally are compelling the steel industry to seek the more efficient EAF steelmaking technology, will positively impact the demand for graphite electrodes going forward.

From a balance sheet perspective, we maintain a strong consolidated Net Cash position of Rs 2,115 crore at the end of June 2023. We are pleased to announce that on August 07, 2023, Graphite India sold its land in Bengaluru for a cash consideration of Rs 986 crore, which was received in a single tranche. This will be reflected in our H1FY24 Net Cash position.

Overall, Graphite India's outlook on the electrode industry's future remains positive. We continue to adopt efficient operational practices and exercise prudent financial management."



Result PDF

View Other Company Results


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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Graphite India Ltd Stocks COMPARISION


Equity Capital: 4,963.84 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,500.03 -6,885.48
LAST 3M 36,702.89 2,100.69
LAST 6M 45,999.05 152,168.44
LAST 12M 133,371.71 158,810.39

Graphite India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : coro_secy:graphiteindia.com
Website : http://www.graphiteindia.com

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 509488
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 Sep 25, 2023 01:54 PM the closing price of Graphite India Ltd was ₹ 494.80.

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 Sep 25, 2023 01:54 PM, the market cap of Graphite India Ltd stood at ₹ 9,667.20.

The latest PE ratio of Graphite India Ltd as of Sep 25, 2023 01:54 PM is 54.49

The latest PB ratio of Graphite India Ltd as of Sep 25, 2023 01:54 PM is 0.51

The 52-week high of Graphite India Ltd is ₹ 547.00 while the 52-week low is ₹ 251.70

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

Download Our App

market app
market app