Graphite India shares in focus as firm shuts German divisions amid Russia-Ukraine war. What will be the impact?

Graphite India announced the closure of its Graphite Specialities and Coating divisions in Germany, citing the Russia-Ukraine war and weak demand as having hurt competitiveness. The two divisions had a turnover of Rs 1.05 lakh crore (about 4% of total turnover) and a negative net worth of Rs 3.22 lakh crore as of March 31, 2026, with shutdown expected in six months subject to Works Council talks. The stock fell about 8% in a week and 13% in a month to close at Rs 579, and the company will declare Q1 earnings and a dividend after its board meeting on August 4.