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Graphite India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹483.08Overvalued by 32.81%vs CMP ₹719.00

P/E (64.1) × ROE (3.1%) × BV (₹300.00) × DY (0.97%)

₹248.80Overvalued by 65.40%vs CMP ₹719.00
MoS: -189% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹489.5423%Over (-31.9%)
Graham NumberEarnings₹271.2516%Over (-62.3%)
Earnings PowerEarnings₹180.8911%Over (-74.8%)
DCFCash Flow₹105.5914%Over (-85.3%)
Net Asset ValueAssets₹299.987%Over (-58.3%)
EV/EBITDAEnterprise₹163.699%Over (-77.2%)
Earnings YieldEarnings₹109.007%Over (-84.8%)
ROCE CapitalReturns₹33.747%Over (-95.3%)
Revenue MultipleRevenue₹219.035%Over (-69.5%)
Consensus (9 models)₹248.80100%Overvalued
Key Drivers: ROE 3.1% is below cost of equity. | Wide model spread (₹34–₹490) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.3%

*Investments are subject to market risks

Analyst Summary

Graphite India Ltd operates in the Electrodes - Graphite segment, current market price is ₹719.00, market cap is 14,043 Cr.. At a glance, stock P/E is 64.1, ROE is 3.11 %, ROCE is 4.58 %, book value is 300, dividend yield is 0.97 %. The latest intrinsic value estimate is ₹248.80, around 65.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,852 Cr versus the prior period change of 11.4%, while latest net profit is about ₹171 Cr with a prior-period change of -62.7%. The 52-week range shown on this page is 802/506, 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 L1…

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

49
Graphite India Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 4.6% WeakROE 3.1% WeakD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.65% MF buyingPromoter holding at 65.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (3% → 9%) Improving
Quarterly Momentum15/100 · Weak
Revenue (4Q): -7% YoY DecliningProfit (4Q): -49% YoY DecliningOPM: 6.0% (down 11.0% YoY) Margin pressure
Industry Rank40/100 · Moderate
P/E 64.1 vs industry 46.4 In-lineROCE 4.6% vs industry 7.5% Average3Y sales CAGR: -4% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 6:42 am

Market Cap 14,043 Cr.
Current Price 719
Intrinsic Value₹248.80
High / Low 802/506
Stock P/E64.1
Book Value 300
Dividend Yield0.97 %
ROCE4.58 %
ROE3.11 %
Face Value 2.00
PEG Ratio47.97

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 14,043 Cr. 719 802/50664.1 3000.97 %4.58 %3.11 % 2.00
HEG Ltd 13,947 Cr. 723 749/46039.4 2470.47 %8.35 %7.42 % 2.00
DE Nora India Ltd 437 Cr. 822 962/55935.8 2440.49 %9.62 %7.26 % 10.0
Industry Average9,475.67 Cr754.6746.43263.670.64%7.52%5.93%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: August 25, 2026, 2:30 am

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales 1,7111,5321,4683,2667,8583,0941,9583,0273,1812,9502,5602,8523,029
Expenses 1,5741,3981,4281,8212,8383,1802,1732,5682,8693,0932,3072,6502,939
Operating Profit 137135401,4455,020-86-215458312-14325320290
OPM % 8%9%2.7%44%64%-2.8%-11%15%10%-4.9%10%7%3.0%
Other Income 29498688155174316294801,258438162322
Interest 169881218651317112527
Depreciation 44494652625152555780909594
Profit before tax 107125721,4735,10119436933221,017591244291
Tax % 46%34%2%30%33%-134%175%27%38%21%22%30%
Net Profit 5883701,0323,39645-32505199805458171209
EPS in Rs 2.954.243.6152.82173.802.30-1.6425.8310.2041.3623.658.9710.90
Dividend Payout % 68%47%55%32%32%87%-305%39%83%27%47%78%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-20252025-2026
YoY Net Profit Growth (%)43.10%-15.66%1374.29%229.07%-98.67%-171.11%1678.12%-60.59%304.52%-43.11%-62.66%
Change in YoY Net Profit Growth (%)0.00%-58.77%1389.95%-1145.22%-327.74%-72.44%1849.24%-1738.72%365.12%-347.63%-19.56%

Graphite India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2015-2016 to 2025-2026.

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: June 30, 2026, 4:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 393939393939393939393939
Reserves 1,7071,7491,8182,6935,3124,5154,5034,9084,9255,5725,8275,820
Borrowings 367302259272360416225436432177173367
Other Liabilities 4824174447271,1916087609151,1121,0021,1881,354
Total Liabilities 2,5952,5072,5603,7316,9025,5785,5276,2976,5086,7907,2277,580
Fixed Assets 6405916677026646376406917899481,0941,153
CWIP 10653281735801421271456561
Investments 3694756311,2082,5902,0672,8042,4942,3223,5694,0244,063
Other Assets 1,5761,3751,2301,8133,6312,8392,0032,9713,2702,1282,0442,303
Total Assets 2,5952,5072,5603,7316,9025,5785,5276,2976,5086,7907,2277,580

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 1712682607602,323253584-488-16068050083
Cash from Investing Activity + 4-88-226-552-1,287549-519222328-239-202-123
Cash from Financing Activity + -173-192-39-179-676-839-199105-213-427-226-46
Net Cash Flow 1-11-529360-37-134-162-451472-86
Free Cash Flow 1452131747022,286208510-576-3281,396343-169
CFO/OP 163%238%765%83%75%-455%-296%-45%-153%-587%234%18%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow-230.00-167.00-219.00-271.00-355.00-502.00-440.0022.00-120.00-320.0080.00-165.00

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

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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 4.39%4.27%4.56%4.39%4.59%5.06%5.46%4.99%6.60%6.43%6.70%6.04%
DIIs 9.48%10.63%12.17%11.39%10.00%9.93%10.51%10.09%9.58%10.02%10.49%10.23%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public 20.79%19.77%17.93%18.88%20.08%19.67%18.69%19.58%18.47%18.20%17.48%18.37%
No. of Shareholders 2,29,8432,22,0652,10,2312,13,3202,22,1282,30,0582,29,7002,26,5582,16,5122,07,3291,99,4561,96,575

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

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

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

As of 31 August 2026, Graphite India Ltd's intrinsic value is ₹248.80, which is 65.40% lower than the current market price of ₹719.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.11 %), book value (₹300), dividend yield (0.97 %), 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 ₹719.00 as of 31 August 2026, with a FY2026-2027 high of ₹802 and low of ₹506. The stock is currently in the middle of its 52-week range. Market cap stands at ₹14,043 Cr..

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

Graphite India Ltd has a P/E ratio of 64.1, which is above the industry average of 46.43. 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 4.58 % is on the lower side compared to the industry average of 7.52%; ROE of 3.11 % is below ideal levels (industry average: 5.93%). Dividend yield is 0.97 %.

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

Graphite India Ltd reported a net profit of ₹171 Cr in Mar 2026 on revenue of ₹2,852 Cr. Compared to ₹199 Cr in Mar 2023, the net profit shows a declining trend.

Does Graphite India Ltd pay dividends?

Graphite India Ltd has a dividend yield of 0.97 % at the current price of ₹719.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 6:42 am
Author: Getaka|Social: XLinkedIn
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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