Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

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. Ashutosh DixitExecutive Director
Mr. P K KhaitanDirector
Mr. N S DamaniDirector
Mr. N VenkataramaniDirector
Mr. Gaurav SwarupDirector
Mrs. Sudha KrishnanDirector
Mr. A V LodhaDirector
Mr. Sridhar SrinivasanDirector

Graphite India Ltd. Share Price Update

Share PriceValue
Today₹544.90
Previous Day₹546.80

Basic Stock Data of Graphite India Ltd

Market Cap 11,551 Cr.
Current Price 591
High / Low626/252
Stock P/E247
Book Value 285
Dividend Yield1.43 %
ROCE7.20 %
ROE4.66 %
Face Value 2.00

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

Graphite India Ltd Quarterly Chart

Graphite India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,9121,9492,0091,7111,5321,4683,2667,8583,0941,9583,0273,1813,056
Expenses1,5891,6771,7591,5741,3981,4281,8212,8383,1802,1732,5682,8693,043
Operating Profit324272250137135401,4455,020-86-21545831213
OPM %17%14%12%8%9%3%44%64%-3%-11%15%10%0%
Other Income41384529498688155174316294801,153
Interest193124169881218651317
Depreciation49625844494652625152555765
Profit before tax297217213107125721,4735,10119436933221,084
Tax %28%38%39%46%34%2%30%33%-134%175%27%38%
Net Profit2121341305883701,0323,39645-32505199854
EPS in Rs10.886.886.652.954.243.6152.82173.802.30-1.6425.8310.2043.80
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:5%
5 Years:-1%
3 Years:1%
TTM:-11%
Compounded Profit Growth
10 Years:6%
5 Years:-26%
3 Years:73%
TTM:-76%
Stock Price CAGR
10 Years:23%
5 Years:5%
3 Years:20%
1 Year:80%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:5%
Last Year:5%

Graphite India Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -26305801712682607602,323253584-488-160
Cash from Investing Activity -133-48-1134-88-226-552-1,287549-519222328
Cash from Financing Activity 12915-453-173-192-39-179-676-839-199105-213
Net Cash Flow-29-2141-11-529360-37-134-162-45

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%
FIIs7.67%10.28%11.69%6.33%5.10%5.30%4.61%4.93%4.02%4.05%4.39%4.27%
DIIs7.12%6.07%5.67%7.48%9.09%9.50%8.70%8.42%8.61%8.51%9.48%10.63%
Public19.87%18.31%17.30%20.85%20.47%19.86%21.34%21.30%22.02%22.09%20.79%19.77%
No. of Shareholders2,02,4502,22,1632,18,4112,46,5772,51,7892,49,3352,55,0902,51,8302,50,6922,45,1942,29,8432,22,065

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)
Quant Small Cap Fund26661001.31124.4
DSP Small Cap Fund21891210.86102.14
Bandhan Sterling Value Fund16001191.1274.66
Quant Active Fund14544691.1267.87
Bandhan ELSS Tax Saver Fund12001161.1156
Tata ELSS Tax Saver Fund10000001.3446.66
SBI Conservative Hybrid Fund5911030.3127.87
SBI Conservative Hybrid Fund - Div (Annual)5911030.3127.87
SBI Conservative Hybrid Fund - Div (Monthly)5911030.3127.87
SBI Small Cap Fund4433990.120.69

Graphite India Ltd ROCE Trend

Graphite India Ltd EPS Trend

Graphite India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)10.1925.82-1.642.30173.80
Diluted EPS (Rs.)10.1925.82-1.642.30173.80
Cash EPS (Rs.)13.1129.461.535.29177.13
Book Value[Excl.RevalReserv]/Share (Rs.)254.09253.18232.43233.07273.83
Book Value[Incl.RevalReserv]/Share (Rs.)254.09253.18232.43233.07273.83
Revenue From Operations / Share (Rs.)162.79154.89100.19158.32402.14
PBDIT / Share (Rs.)22.7839.325.674.88267.81
PBIT / Share (Rs.)19.8636.503.022.25264.61
PBT / Share (Rs.)16.4736.272.711.34261.21
Net Profit / Share (Rs.)10.1926.64-1.132.66173.93
NP After MI And SOA / Share (Rs.)10.2025.82-1.642.30173.78
PBDIT Margin (%)13.9925.385.663.0866.59
PBIT Margin (%)12.2023.563.011.4165.79
PBT Margin (%)10.1123.412.700.8464.95
Net Profit Margin (%)6.2517.20-1.121.6743.25
NP After MI And SOA Margin (%)6.2616.67-1.631.4543.21
Return on Networth / Equity (%)4.0110.19-0.700.9863.46
Return on Capital Employeed (%)7.6214.041.270.9494.56
Return On Assets (%)3.068.01-0.580.8049.16
Total Debt / Equity (X)0.080.080.040.090.06
Asset Turnover Ratio (%)0.470.490.350.491.39
Current Ratio (X)3.223.664.324.483.89
Quick Ratio (X)1.582.253.182.822.39
Inventory Turnover Ratio (X)0.911.110.641.161.61
Dividend Payout Ratio (NP) (%)98.0019.360.001607.8518.41
Dividend Payout Ratio (CP) (%)76.2017.450.00749.8018.07
Earning Retention Ratio (%)2.0080.640.00-1507.8581.59
Cash Earning Retention Ratio (%)23.8082.550.00-649.8081.93
Interest Coverage Ratio (X)33.75168.1418.295.37450.34
Interest Coverage Ratio (Post Tax) (X)20.11114.92-2.633.92298.20
Enterprise Value (Cr.)5458.3110110.159981.772443.298683.19
EV / Net Operating Revenue (X)1.723.345.100.781.11
EV / EBITDA (X)12.2613.1690.0525.631.66
MarketCap / Net Operating Revenue (X)1.613.255.110.801.11
Retention Ratios (%)1.9980.630.00-1507.8581.58
Price / BV (X)1.031.992.200.541.63
Price / Net Operating Revenue (X)1.613.255.110.801.11
EarningsYield0.030.050.000.010.38

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 of Graphite India Ltd Stock

Fair Value: ₹3327.32

The stock is undervalued by 463.00% compared to the current price ₹591

*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 (3,282.23 cr) compared to borrowings (401.31 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 is trading at a high valuation with an average P/B ratio of 65.25 and average Dividend Yield of 21.19%.
  2. The stock has a high average Working Capital Days of 205.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 425.42, which may not be favorable.

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