Makes graphite electrodes and related carbon products used primarily by steelmakers running electric arc furnaces. In FY26, the Graphite and Carbon segment generated Rs 2,594 crore (90.9% of segment revenue) with EBIT of Rs 164 crore, while a smaller Steel segment added Rs 257 crore (9.0%) and an Others segment contributed Rs 4 crore (0.1%) and ran at a loss of Rs 24 crore at the EBIT level. The business operates 7 plants in India and 2 international plants, and exports form a significant share of revenue across 27 countries. Materials are the largest cost line at 40.4% of revenue, followed by other operating expenses at 36.3% and employee costs at 9.4%. The company is closing its Graphite Specialities and Coating divisions in Germany, which contributed about 4% of FY26 turnover, and faces a preliminary US countervailing duty of 3.68% on large-diameter graphite electrodes exported to the US. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Graphite and Carbon (91%), Steel (9%), Others (0%). Cyclical, asset-heavy graphite electrode and carbon manufacturing
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,026 | 3,181 | 2,950 | 2,560 | 2,852 |
| EBITDA (ex other income) | 475 | 259 | 811 | 254 | 190 |
| margin % | 15.7 | 8.1 | 27.5 | 9.9 | 6.7 |
| Owners' profit | 0 | 0 | 809 | 462 | 175 |
| EPS, as reported (₹) | 25.82 | 10.19 | 41.41 | 23.65 | 8.97 |
| ROE % · ROCE % | 10.2 · 14.1 | 4.0 · 6.6 | 14.4 · 18.0 | 7.8 · 9.9 | 2.9 · 4.5 |
| Debt / equity (x) | 0.09 | 0.09 | 0.03 | 0.03 | 0.06 |
| Cash from operations | (489) | (161) | 682 | 500 | 82 |
| Capex | (92) | (170) | (260) | (168) | (251) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 643 | 523 | 666 | 665 | 1,394 | 642 | 816 | 842 |
| Profit before tax | 252 | (14) | 69 | 167 | 272 | 97 | (125) | 214 |
| Net profit | 194 | (21) | 49 | 133 | 209 | 67 | (105) | 171 |
| EPS (₹) | 10.00 | (1.03) | 2.57 | 6.87 | 10.78 | 3.50 | (5.31) | 8.82 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Graphite and Carbon | 3,189 | 90.6 |
| Steel | 308 | 8.7 |
| Others | 24 | 0.7 |
| Total, before eliminations | 3,521 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GRAPHITE INDIA LTD ◆ | 16,146 | 46.5 | 2.76 | 45.3 | 2.9 | 4.0 | 7.8 | 28.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Graphite India senior management to meet Oxbow Capital investor | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Senior Management to meet Nippon Offshore representatives on 10 Sept | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Graphite India management to meet Balyasny Funds on 10 Sept | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Senior management to meet Cap International on 10 Sep 2026 | investor communications | low | — | — |
| 9 Sept 2026 · Senior management to meet Dymon Asia investor on 10 Sept | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Senior management to meet Kabouter Capital virtually on 26 Aug 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Graphite India to present Q4 FY26 results at Emkay Confluence 2026 | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Q1 FY27 Financial Results Published in Newspapers | compliance | minimal | — | — |
| 4 Aug 2026 · Graphite India 51st AGM: All 7 resolutions passed, Rs 5,000 Cr NCD issue approved | board shareholder meetings | low | — | — |
| 4 Aug 2026 · AGM 2026: All 7 resolutions passed; dividend OK; Rs 5,000 Cr NCD issue approved | compliance | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| RAGHAV PRODUCTIVITY ENH L |
| 8,450 |
| 134.7 |
| 34.56 |
| 109.2 |
| 22.4 |
| 27.4 |
| 31.8 |
| 30.8 |
| VESUVIUS INDIA LTD | 8,423 | 32.9 | 4.82 | — | 6.5 | 8.6 | — | 18.0 |
| RHI MAGNESITA INDIA LTD | 7,757 | — | 2.18 | — | (10.8) | (8.2) | 24.0 | 14.5 |
| HEG LIMITED | 4,578 | 12.8 | 0.96 | 9.9 | 7.2 | 5.9 | 15.4 | 28.5 |
| IFGL REFRACTORIES LIMITED | 1,480 | 36.2 | 1.26 | 11.6 | 3.0 | 3.6 | 13.1 | 7.8 |
| FOSECO CRUCIBLE INDIA LIMITED | 1,101 | 51.2 | 7.85 | — | 13.4 | 18.8 | — | (1.0) |
| ORIENT CERATECH LIMITED | 545 | 20.9 | 1.80 | 11.2 | 7.2 | 8.4 | — | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 46.5 | 33.6 | 8 of 10 | 22% |
| P/B | 2.8 | 2.5 | 6 of 10 | 44% |
| ROCE | 4.0 | 8.6 | 9 of 11 | 20% |
| ROE | 2.9 | 7.2 | 10 of 11 | 10% |
| Debt / Equity | 0.1 | 0.0 | 7 of 11 | 40% |
| EBITDA margin | 28.6 | 18.0 | 3 of 11 | 80% |
| Revenue growth | 26.6 | 5.6 | 3 of 11 | 80% |
| Profit growth | 28.6 | 57.8 | 7 of 11 | 40% |
| Market cap | 16146 | 1480 | 1 of 11 | 100% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
