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Last Updated: April 2, 2026, 2:59 am
Author: Getaka|Social: XLinkedIn

Graphite India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹709.28Undervalued by 10.31%vs CMP ₹643.00

P/E (36.2) × ROE (8.0%) × BV (₹301.00) × DY (1.71%)

₹309.39Overvalued by 51.88%vs CMP ₹643.00
MoS: -107.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹651.1223%Fair (+1.3%)
Graham NumberEarnings₹337.7116%Over (-47.5%)
Earnings PowerEarnings₹187.7711%Over (-70.8%)
DCFCash Flow₹150.2314%Over (-76.6%)
Net Asset ValueAssets₹301.067%Over (-53.2%)
EV/EBITDAEnterprise₹196.839%Over (-69.4%)
Earnings YieldEarnings₹168.407%Over (-73.8%)
ROCE CapitalReturns₹33.327%Over (-94.8%)
Revenue MultipleRevenue₹196.485%Over (-69.4%)
Consensus (9 models)₹309.39100%Overvalued
Key Drivers: Wide model spread (₹33–₹651) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -8.2%

*Investments are subject to market risks

Analyst Summary

Graphite India Ltd operates in the Electrodes - Graphite segment, current market price is ₹643.00, market cap is 12,567 Cr.. At a glance, stock P/E is 36.2, ROE is 8.00 %, ROCE is 10.1 %, book value is 301, dividend yield is 1.71 %. The latest intrinsic value estimate is ₹309.39, around 51.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,560 Cr versus the prior period change of -13.2%, while latest net profit is about ₹458 Cr with a prior-period change of -43.1%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 747/411, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGraphite 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 is invo…

This summary is generated from the stock page data available for Graphite India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

47
Graphite India Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 10.1% AverageROE 8.0% AverageD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.97% (6mo) Slight increasePromoter holding at 65.3% Stable
Earnings Quality40/100 · Moderate
OPM contracting (13% → 3%) Declining
Quarterly Momentum15/100 · Weak
Revenue (4Q): -7% YoY DecliningProfit (4Q): -49% YoY DecliningOPM: 6.0% (down 11.0% YoY) Margin pressure
Industry Rank65/100 · Strong
P/E 36.2 vs industry 31.4 In-lineROCE 10.1% vs industry 5.0% Above peersROE 8.0% vs industry 4.1% Above peers3Y sales CAGR: -5% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:59 am

Market Cap 12,567 Cr.
Current Price 643
Intrinsic Value₹309.39
High / Low 747/411
Stock P/E36.2
Book Value 301
Dividend Yield1.71 %
ROCE10.1 %
ROE8.00 %
Face Value 2.00
PEG Ratio-4.41

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Graphite India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Graphite India Ltd 12,567 Cr. 643 747/41136.2 3011.71 %10.1 %8.00 % 2.00
HEG Ltd 10,887 Cr. 564 672/40528.5 2420.32 %3.96 %2.59 % 2.00
DE Nora India Ltd 384 Cr. 722 995/55929.4 2400.00 %0.88 %1.84 % 10.0
Industry Average7,946.00 Cr643.0031.37261.000.68%4.98%4.14%4.67

All Competitor Stocks of Graphite India Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 825701815747793690720728643523666665729
Expenses 723629753838823703730615533531627622686
Operating Profit 1027262-91-30-13-10113110-8394343
OPM % 12%10%8%-12%-4%-2%-1%16%17%-2%6%6%6%
Other Income 66255781,0456372194168195715089
Interest 4346443342223
Depreciation 15131518192122202223252424
Profit before tax 1498148-379922537284252-1469167105
Tax % 38%35%40%-19%19%32%57%17%23%50%29%20%28%
Net Profit 925329-308021716236194-214913376
EPS in Rs 4.712.711.48-1.5441.150.920.8212.139.98-1.022.566.863.94

Last Updated: January 1, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,0091,7111,5321,4683,2667,8583,0941,9583,0273,1812,9502,5602,702
Expenses 1,7591,5741,3981,4281,8212,8383,1802,1732,5682,8693,0932,3072,535
Operating Profit 250137135401,4455,020-86-215458312-143253167
OPM % 12%8%9%3%44%64%-3%-11%15%10%-5%10%6%
Other Income 4529498688155174316294801,258438377
Interest 24169881218651317119
Depreciation 58444946526251525557809097
Profit before tax 213107125721,4735,10119436933221,017591438
Tax % 39%46%34%2%30%33%-134%175%27%38%21%22%
Net Profit 1305883701,0323,39645-32505199805458325
EPS in Rs 6.652.954.243.6152.82173.802.30-1.6425.8310.2041.3623.6516.84
Dividend Payout % 53%68%47%55%32%32%87%-305%39%83%27%47%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-55.38%43.10%-15.66%1374.29%229.07%-98.67%-171.11%1678.12%-60.59%304.52%-43.11%
Change in YoY Net Profit Growth (%)0.00%98.49%-58.77%1389.95%-1145.22%-327.74%-72.44%1849.24%-1738.72%365.12%-347.63%

Graphite India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:-4%
3 Years:-5%
TTM:-15%
Compounded Profit Growth
10 Years:24%
5 Years:59%
3 Years:-3%
TTM:18%
Stock Price CAGR
10 Years:22%
5 Years:23%
3 Years:9%
1 Year:2%
Return on Equity
10 Years:15%
5 Years:5%
3 Years:5%
Last Year:8%

Last Updated: September 5, 2025, 5:15 am

Balance Sheet

Last Updated: December 4, 2025, 1:18 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 39393939393939393939393939
Reserves 1,7201,7071,7491,8182,6935,3124,5154,5034,9084,9255,5725,8275,845
Borrowings 463367302259272360416225436432177173269
Other Liabilities 5744824174447271,1916087609151,1121,0021,1881,326
Total Liabilities 2,7962,5952,5072,5603,7316,9025,5785,5276,2976,5086,7907,2277,479
Fixed Assets 6966405916677026646376406917899481,0941,085
CWIP 310653281735801421271456599
Investments 3853694756311,2082,5902,0672,8042,4942,3223,5694,0244,131
Other Assets 1,7121,5761,3751,2301,8133,6312,8392,0032,9713,2702,1282,0442,164
Total Assets 2,7962,5952,5072,5603,7316,9025,5785,5276,2976,5086,7907,2277,479

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 5801712682607602,323253584-488-160680500
Cash from Investing Activity + -1134-88-226-552-1,287549-519222328-239-202
Cash from Financing Activity + -453-173-192-39-179-676-839-199105-213-427-226
Net Cash Flow 141-11-529360-37-134-162-451472
Free Cash Flow 5561452131747022,286208510-576-3281,396343
CFO/OP 268%163%238%765%83%75%-455%-296%-45%-153%-587%234%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-213.00-230.00-167.00-219.00-271.00-355.00-502.00-440.0022.00-120.00-320.0080.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 86921131109240486365636567
Inventory Days 418479423376372531267312541628252376
Days Payable 98101971351951593371141823084
Cash Conversion Cycle 406470439350269412282305464609287359
Working Capital Days 148170168133888216712717519211884
ROCE %9%5%6%4%58%119%1%1%14%7%1%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%
FIIs 4.02%4.05%4.39%4.27%4.56%4.39%4.59%5.06%5.46%4.99%6.60%6.43%
DIIs 8.61%8.51%9.48%10.63%12.17%11.39%10.00%9.93%10.51%10.09%9.58%10.02%
Public 22.02%22.09%20.79%19.77%17.93%18.88%20.08%19.67%18.69%19.58%18.47%18.20%
No. of Shareholders 2,50,6922,45,1942,29,8432,22,0652,10,2312,13,3202,22,1282,30,0582,29,7002,26,5582,16,5122,07,329

Shareholding Pattern Chart

No. of Shareholders

Graphite India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Small Cap Fund 3,757,727 2.16 231.96N/AN/AN/A
SBI Energy Opportunities Fund 2,796,573 2.01 172.63N/AN/AN/A
SBI Conservative Hybrid Fund 1,160,283 0.76 74.94591,1032025-12-08 04:19:3396.29%
DSP Small Cap Fund 1,120,944 0.43 69.22,189,1212025-12-07 00:37:57-48.79%
Kotak Manufacture in India Fund 1,000,000 2.56 61.73N/AN/AN/A
Tata ELSS Fund 1,000,000 1.35 61.73N/AN/AN/A
Tata Flexi Cap Fund 690,894 1.17 42.65675,8942026-02-22 17:32:422.22%
Bandhan Large & Mid Cap Fund 512,622 0.23 31.64500,0002026-02-23 05:56:312.52%
Bandhan Multi Cap Fund 500,000 1.1 30.87400,0002025-12-15 01:30:1725%
Quant Small Cap Fund 454,292 0.1 28.042,666,1002025-12-07 09:18:33-82.96%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 23.6541.3610.1925.82-1.64
Diluted EPS (Rs.) 23.6541.3610.1925.82-1.64
Cash EPS (Rs.) 28.0345.3113.1129.461.53
Book Value[Excl.RevalReserv]/Share (Rs.) 300.20287.37254.09253.18232.43
Book Value[Incl.RevalReserv]/Share (Rs.) 300.20287.37254.09253.18232.43
Revenue From Operations / Share (Rs.) 131.01150.96162.79154.89100.19
PBDIT / Share (Rs.) 35.418.2022.7839.325.67
PBIT / Share (Rs.) 30.834.0919.8636.503.02
PBT / Share (Rs.) 30.2652.0316.4736.272.71
Net Profit / Share (Rs.) 23.4541.1910.1926.64-1.13
NP After MI And SOA / Share (Rs.) 23.6541.3610.2025.82-1.64
PBDIT Margin (%) 27.025.4313.9925.385.66
PBIT Margin (%) 23.522.7012.2023.563.01
PBT Margin (%) 23.0934.4610.1123.412.70
Net Profit Margin (%) 17.8927.286.2517.20-1.12
NP After MI And SOA Margin (%) 18.0527.396.2616.67-1.63
Return on Networth / Equity (%) 7.8714.404.0110.19-0.70
Return on Capital Employeed (%) 9.901.387.6214.041.27
Return On Assets (%) 6.3911.893.068.01-0.58
Total Debt / Equity (X) 0.020.030.080.080.04
Asset Turnover Ratio (%) 0.360.440.470.490.35
Current Ratio (X) 4.304.563.223.664.32
Quick Ratio (X) 3.273.251.582.253.18
Inventory Turnover Ratio (X) 2.020.770.911.110.64
Dividend Payout Ratio (NP) (%) 46.5020.5598.0019.360.00
Dividend Payout Ratio (CP) (%) 38.9518.6976.2017.450.00
Earning Retention Ratio (%) 53.5079.452.0080.640.00
Cash Earning Retention Ratio (%) 61.0581.3123.8082.550.00
Interest Coverage Ratio (X) 62.009.3533.75168.1418.29
Interest Coverage Ratio (Post Tax) (X) 42.06-7.7020.11114.92-2.63
Enterprise Value (Cr.) 9334.7611902.855458.3110110.159981.77
EV / Net Operating Revenue (X) 3.654.041.723.345.10
EV / EBITDA (X) 13.4974.2612.2613.1690.05
MarketCap / Net Operating Revenue (X) 3.654.001.613.255.11
Retention Ratios (%) 53.4979.441.9980.630.00
Price / BV (X) 1.592.101.031.992.20
Price / Net Operating Revenue (X) 3.654.001.613.255.11
EarningsYield 0.040.060.030.050.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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 is involved in the business activities of Manufacture of graphite products other than electrical articles. Company's Total Operating Revenue is Rs. 2420.00 Cr. and Equity Capital is Rs. 39.08 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electrodes - Graphite31, Chowringhee Road, Kolkata West Bengal 700016Contact not found
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
Mr. Debanjan MandalDirector

FAQ

What is the intrinsic value of Graphite India Ltd and is it undervalued?

As of 21 April 2026, Graphite India Ltd's intrinsic value is ₹309.39, which is 51.88% lower than the current market price of ₹643.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.00 %), book value (₹301), dividend yield (1.71 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Graphite India Ltd?

Graphite India Ltd is trading at ₹643.00 as of 21 April 2026, with a FY2026-2027 high of ₹747 and low of ₹411. The stock is currently in the middle of its 52-week range. Market cap stands at ₹12,567 Cr..

How does Graphite India Ltd's P/E ratio compare to its industry?

Graphite India Ltd has a P/E ratio of 36.2, which is above the industry average of 31.37. The premium over industry average may reflect growth expectations or speculative interest.

Is Graphite India Ltd financially healthy?

Key indicators for Graphite India Ltd: ROCE of 10.1 % is moderate. Dividend yield is 1.71 %.

Is Graphite India Ltd profitable and how is the profit trend?

Graphite India Ltd reported a net profit of ₹458 Cr in Mar 2025 on revenue of ₹2,560 Cr. Compared to ₹505 Cr in Mar 2022, the net profit shows a declining trend.

Does Graphite India Ltd pay dividends?

Graphite India Ltd has a dividend yield of 1.71 % at the current price of ₹643.00. The company pays dividends, though the yield is modest.

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
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