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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Graphite India Ltd

About the Company - Graphite India Ltd

Graphite India Ltd. is a Public Limited Listed company incorporated on 02/05/1974 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L10101WB1974PLC094602 and registration number is 094602. Currently company belongs to the Industry of Electrodes - Graphite. Company’s Total Operating Revenue is Rs. 2798.93 Cr. and Equity Capital is Rs. 39.08 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electrodes - Graphite31, Chowringhee Road, Kolkata West Bengal 700016gilro@graphiteindia.com
http://www.graphiteindia.com
Management
NamePosition Held
Mr. K K BangurChairman
Mr. A DixitExecutive Director
Mr. A V LodhaDirector
Mr. Gaurav SwarupDirector
Mrs. Sudha KrishnanDirector
Mr. Sridhar SrinivasanDirector
Mr. Harsh Pati SinghaniaDirector
Mr. Rahulkumar N BaldotaDirector

Basic Stock Data of Graphite India Ltd

Last Updated: July 26, 2024, 10:38 pm

Market Cap 10,170 Cr.
Current Price 521
High / Low709/410
Stock P/E203
Book Value 287
Dividend Yield2.11 %
ROCE1.44 %
ROE0.95 %
Face Value 2.00
PEG Ratio2.58

Data Source: screener.in

Graphite India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales485499565610692880844866825701815747793
Expenses565576490476587746758838723629753838823
Operating Profit-80-777513410513486281027262-91-30
OPM %-16%-15%13%22%15%15%10%3%12%10%8%-12%-4%
Other Income5014256787966713166255781,045
Interest2111022243464
Depreciation13121414131414141513151819
Profit before tax-4552116197171184141431498148-37992
Tax %9%56%45%24%25%28%33%44%38%35%40%19%19%
Net Profit-4123641501281329524925329-30802
EPS in Rs-2.101.183.287.686.556.764.861.234.712.711.48-1.5441.15

Last Updated: July 10, 2024, 2:40 pm

Graphite India Ltd Quarterly Chart

Graphite India Ltd Profit & Loss

Last Updated: July 10, 2024, 2:40 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,9121,9492,0091,7111,5321,4683,2667,8583,0941,9583,0273,1813,045
Expenses1,5891,6771,7591,5741,3981,4281,8212,8383,1802,1732,5682,8693,117
Operating Profit324272250137135401,4455,020-86-215458312-72
OPM %17%14%12%8%9%3%44%64%-3%-11%15%10%-2%
Other Income41384529498688155174316294801,191
Interest193124169881218651318
Depreciation49625844494652625152555773
Profit before tax297217213107125721,4735,10119436933221,028
Tax %28%38%39%46%34%2%30%33%-134%175%27%38%
Net Profit2121341305883701,0323,39645-32505199818
EPS in Rs10.886.886.652.954.243.6152.82173.802.30-1.6425.8310.2042.01
Dividend Payout %32%51%53%68%47%55%32%32%87%-305%39%83%

Graphite India Ltd Profit & Loss Yearly Chart

Graphite India Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:-18%
3 Years:15%
TTM:-7%
Compounded Profit Growth
10 Years:-8%
5 Years:-57%
3 Years:54%
TTM:-78%
Stock Price CAGR
10 Years:17%
5 Years:10%
3 Years:-7%
1 Year:26%
Return on Equity
10 Years:15%
5 Years:3%
3 Years:5%
Last Year:1%

Last Updated: July 25, 2024, 5:09 am

Graphite India Ltd Balance Sheet

Last Updated: July 10, 2024, 2:40 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital39393939393939393939393939
Reserves1,6171,6731,7201,7071,7491,8182,6935,3124,5154,5034,9084,9255,529
Borrowings598743463367302259272360416225436432344
Other Liabilities4624975744824174447271,1916087609151,1121,241
Total Liabilities2,7162,9522,7962,5952,5072,5603,7316,9025,5785,5276,2976,5087,153
Fixed Assets603713696640591667702664637640691789852
CWIP127331065328173580142127104
Investments2502653853694756311,2082,5902,0672,8042,4942,3223,301
Other Assets1,7361,9721,7121,5761,3751,2301,8133,6312,8392,0032,9713,2702,896
Total Assets2,7162,9522,7962,5952,5072,5603,7316,9025,5785,5276,2976,5087,153

Graphite India Ltd Reserves and Borrowings Chart

Graphite India Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 305801712682607602,323253584-488-160680
Cash from Investing Activity -48-1134-88-226-552-1,287549-519222328-239
Cash from Financing Activity 15-453-173-192-39-179-676-839-199105-213-427
Net Cash Flow-2141-11-529360-37-134-162-4514

Graphite India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days87978692113110924048636563
Inventory Days488605418479423376372531267312541628
Days Payable88909810197135195159337114182
Cash Conversion Cycle488611406470439350269412282305464609
Working Capital Days25028120722624019811898216169227241
ROCE %14%10%9%5%6%4%58%119%1%1%14%7%

Graphite India Ltd Financial Efficiency Indicators Chart

Graphite India Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%
FIIs11.69%6.33%5.10%5.30%4.61%4.93%4.02%4.05%4.39%4.27%4.56%4.39%
DIIs5.67%7.48%9.09%9.50%8.70%8.42%8.61%8.51%9.48%10.63%12.17%11.39%
Public17.30%20.85%20.47%19.86%21.34%21.30%22.02%22.09%20.79%19.77%17.93%18.88%
No. of Shareholders2,18,4112,46,5772,51,7892,49,3352,55,0902,51,8302,50,6922,45,1942,29,8432,22,0652,10,2312,13,320

Graphite India Ltd Shareholding Pattern Chart

No. of Graphite India Ltd Shareholders

Graphite India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund2,666,1001.31124.42,666,1002024-07-260%
DSP Small Cap Fund2,189,1210.86102.142,666,1002024-07-26-17.89%
Bandhan Sterling Value Fund1,600,1191.1274.662,666,1002024-07-26-39.98%
Quant Active Fund1,454,4691.1267.872,666,1002024-07-26-45.45%
Bandhan ELSS Tax Saver Fund1,200,1161.11562,666,1002024-07-26-54.99%
Tata ELSS Tax Saver Fund1,000,0001.3446.662,666,1002024-07-26-62.49%
SBI Conservative Hybrid Fund591,1030.3127.872,666,1002024-07-26-77.83%
SBI Conservative Hybrid Fund - Div (Annual)591,1030.3127.872,666,1002024-07-26-77.83%
SBI Conservative Hybrid Fund - Div (Monthly)591,1030.3127.872,666,1002024-07-26-77.83%
SBI Small Cap Fund443,3990.120.692,666,1002024-07-26-83.37%

Graphite India Ltd ROCE Trend

Graphite India Ltd EPS Trend

Graphite India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)41.3610.1925.82-1.642.30
Diluted EPS (Rs.)41.3610.1925.82-1.642.30
Cash EPS (Rs.)45.3113.1129.461.535.29
Book Value[Excl.RevalReserv]/Share (Rs.)287.37254.09253.18232.43233.07
Book Value[Incl.RevalReserv]/Share (Rs.)287.37254.09253.18232.43233.07
Revenue From Operations / Share (Rs.)150.96162.79154.89100.19158.32
PBDIT / Share (Rs.)8.2022.7839.325.674.88
PBIT / Share (Rs.)4.0919.8636.503.022.25
PBT / Share (Rs.)52.0316.4736.272.711.34
Net Profit / Share (Rs.)41.1910.1926.64-1.132.66
NP After MI And SOA / Share (Rs.)41.3610.2025.82-1.642.30
PBDIT Margin (%)5.4313.9925.385.663.08
PBIT Margin (%)2.7012.2023.563.011.41
PBT Margin (%)34.4610.1123.412.700.84
Net Profit Margin (%)27.286.2517.20-1.121.67
NP After MI And SOA Margin (%)27.396.2616.67-1.631.45
Return on Networth / Equity (%)14.404.0110.19-0.700.98
Return on Capital Employeed (%)1.387.6214.041.270.94
Return On Assets (%)11.893.068.01-0.580.80
Total Debt / Equity (X)0.030.080.080.040.09
Asset Turnover Ratio (%)0.440.470.490.350.49
Current Ratio (X)4.563.223.664.324.48
Quick Ratio (X)3.251.582.253.182.82
Inventory Turnover Ratio (X)0.770.911.110.641.16
Dividend Payout Ratio (NP) (%)20.5598.0019.360.001607.85
Dividend Payout Ratio (CP) (%)18.6976.2017.450.00749.80
Earning Retention Ratio (%)79.452.0080.640.00-1507.85
Cash Earning Retention Ratio (%)81.3123.8082.550.00-649.80
Interest Coverage Ratio (X)9.3533.75168.1418.295.37
Interest Coverage Ratio (Post Tax) (X)-7.7020.11114.92-2.633.92
Enterprise Value (Cr.)11902.855458.3110110.159981.772443.29
EV / Net Operating Revenue (X)4.041.723.345.100.78
EV / EBITDA (X)74.2612.2613.1690.0525.63
MarketCap / Net Operating Revenue (X)4.001.613.255.110.80
Retention Ratios (%)79.441.9980.630.00-1507.85
Price / BV (X)2.101.031.992.200.54
Price / Net Operating Revenue (X)4.001.613.255.110.80
EarningsYield0.060.030.050.000.01

Graphite India Ltd Profitability Ratios (%)

Graphite India Ltd Liquidity Ratios

Graphite India Ltd Liquidity Ratios (%)

Graphite India Ltd Interest Coverage Ratios (%)

Graphite India Ltd Valuation Ratios

Fair Value

Fair Value: 565.16

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.48% compared to the current price 521

Intrinsic Value: 1,010.40

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 93.94% compared to the current price 521

Last 5 Year EPS CAGR: 78.78%

*Investments are subject to market risks

Strength and Weakness of Graphite India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 20.67%, which is a positive sign.
  2. The company has higher reserves (3,424.58 cr) compared to borrowings (371.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.31 cr) and profit (162.69 cr) over the years.
  1. The stock has a high average Working Capital Days of 205.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 425.42, which may not be favorable.

FAQ

What is the latest fair value of Graphite India Ltd?

The latest fair value of Graphite India Ltd is ₹565.16.

What is the Market Cap of Graphite India Ltd?

The Market Cap of Graphite India Ltd is 10,170 Cr..

What is the current Stock Price of Graphite India Ltd as on 27 July 2024?

The current stock price of Graphite India Ltd as on 27 July 2024 is 521.

What is the High / Low of Graphite India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Graphite India Ltd stocks is 709/410.

What is the Stock P/E of Graphite India Ltd?

The Stock P/E of Graphite India Ltd is 203.

What is the Book Value of Graphite India Ltd?

The Book Value of Graphite India Ltd is 287.

What is the Dividend Yield of Graphite India Ltd?

The Dividend Yield of Graphite India Ltd is 2.11 %.

What is the ROCE of Graphite India Ltd?

The ROCE of Graphite India Ltd is 1.44 %.

What is the ROE of Graphite India Ltd?

The ROE of Graphite India Ltd is 0.95 %.

What is the Face Value of Graphite India Ltd?

The Face Value of Graphite India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Graphite India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE