Declared Dividend • Jun 11
Dividend reduced to ₹7.00 Dividend of ₹7.00 is 36% lower than last year. Ex-date: 20th July 2026 Payment date: 3rd September 2026 Dividend yield will be 1.1%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 167% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 09
Graphite India Limited, Annual General Meeting, Aug 04, 2026 Graphite India Limited, Annual General Meeting, Aug 04, 2026. New Risk • May 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.8% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.8% net profit margin). Reported Earnings • May 29
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹8.97 (down from ₹23.65 in FY 2025). Revenue: ₹30.3b (up 18% from FY 2025). Net income: ₹1.75b (down 62% from FY 2025). Profit margin: 5.8% (down from 18% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • May 21
Graphite India Limited to Report Fiscal Year 2026 Results on May 28, 2026 Graphite India Limited announced that they will report fiscal year 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹737, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 41x in the Electrical industry in India. Total returns to shareholders of 167% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹976 per share. Reported Earnings • Feb 10
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹3.50 (up from ₹1.03 loss in 3Q 2025). Revenue: ₹7.50b (up 43% from 3Q 2025). Net income: ₹680.0m (up ₹880.0m from 3Q 2025). Profit margin: 9.1% (up from net loss in 3Q 2025). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Feb 02
Graphite India Limited to Report Q3, 2026 Results on Feb 09, 2026 Graphite India Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Price Target Changed • Jan 15
Price target increased by 11% to ₹779 Up from ₹703, the current price target is an average from 3 analysts. New target price is 23% above last closing price of ₹633. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₹30.66 for next year compared to ₹23.65 last year. Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹3.91 (vs ₹10.00 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.91 (down from ₹10.00 in 2Q 2025). Revenue: ₹8.18b (up 27% from 2Q 2025). Net income: ₹770.0m (down 61% from 2Q 2025). Profit margin: 9.4% (down from 30% in 2Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
Graphite India Limited to Report Q2, 2026 Results on Nov 10, 2025 Graphite India Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Price Target Changed • Aug 05
Price target increased by 7.1% to ₹701 Up from ₹654, the current price target is an average from 2 analysts. New target price is 32% above last closing price of ₹532. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of ₹42.80 for next year compared to ₹23.65 last year. Announcement • Aug 01
Graphite India Limited Appoints Debanjan Mandal as Director and Independent Director Graphite India Limited announced the appointment of Mr. Debanjan Mandal (DIN: 00469622) as Director and Independent Director of the Company. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Announcement • Jul 25
Graphite India Limited to Report Q1, 2026 Results on Aug 01, 2025 Graphite India Limited announced that they will report Q1, 2026 results on Aug 01, 2025 New Risk • Jul 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 138% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Upcoming Dividend • Jul 10
Upcoming dividend of ₹11.00 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 31 August 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.4%). New Risk • Jun 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Announcement • May 26
Graphite India Limited, Annual General Meeting, Aug 01, 2025 Graphite India Limited, Annual General Meeting, Aug 01, 2025. Declared Dividend • May 25
Dividend of ₹11.00 announced Dividend of ₹11.00 is the same as last year. Ex-date: 17th July 2025 Payment date: 31st August 2025 Dividend yield will be 2.0%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 19
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to ₹568. The fair value is estimated to be ₹421, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. Reported Earnings • May 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹23.65 (down from ₹41.36 in FY 2024). Revenue: ₹30.0b (up 1.6% from FY 2024). Net income: ₹4.62b (down 43% from FY 2024). Profit margin: 15% (down from 27% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 10
Graphite India Limited to Report Fiscal Year 2025 Results on May 14, 2025 Graphite India Limited announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 13
Third quarter 2025 earnings released: ₹1.03 loss per share (vs ₹0.99 profit in 3Q 2024) Third quarter 2025 results: ₹1.03 loss per share (down from ₹0.99 profit in 3Q 2024). Revenue: ₹5.42b (down 21% from 3Q 2024). Net loss: ₹200.0m (down 211% from profit in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Graphite India Limited to Report Q3, 2025 Results on Feb 12, 2025 Graphite India Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹570, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 47x in the Electrical industry in India. Total returns to shareholders of 47% over the past three years. Price Target Changed • Nov 12
Price target decreased by 8.1% to ₹664 Down from ₹722, the current price target is an average from 2 analysts. New target price is 33% above last closing price of ₹498. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of ₹41.10 for next year compared to ₹41.36 last year. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹10.00 (vs ₹41.13 in 2Q 2024) Second quarter 2025 results: EPS: ₹10.00 (down from ₹41.13 in 2Q 2024). Revenue: ₹8.11b (up 2.3% from 2Q 2024). Net income: ₹1.95b (down 76% from 2Q 2024). Profit margin: 24% (down from 101% in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 05
Graphite India Limited to Report Q2, 2025 Results on Nov 11, 2024 Graphite India Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹586, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 52x in the Electrical industry in India. Total returns to shareholders of 4.3% over the past three years. Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: ₹12.11 (vs ₹1.56 loss in 1Q 2024) First quarter 2025 results: EPS: ₹12.11 (up from ₹1.56 loss in 1Q 2024). Revenue: ₹9.22b (up 23% from 1Q 2024). Net income: ₹2.37b (up ₹2.67b from 1Q 2024). Profit margin: 26% (up from net loss in 1Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Graphite India Limited to Report Q1, 2025 Results on Aug 06, 2024 Graphite India Limited announced that they will report Q1, 2025 results on Aug 06, 2024 Upcoming Dividend • Jul 12
Upcoming dividend of ₹11.00 per share Eligible shareholders must have bought the stock before 19 July 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.0%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.3%). Reported Earnings • Jul 06
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹41.36 (up from ₹10.20 in FY 2023). Revenue: ₹29.5b (down 7.3% from FY 2023). Net income: ₹8.08b (up 305% from FY 2023). Profit margin: 27% (up from 6.3% in FY 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • May 12
Dividend increased to ₹11.00 Dividend of ₹11.00 is 29% higher than last year. Ex-date: 19th July 2024 Payment date: 30th August 2024 Dividend yield will be 2.0%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.7% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 12
Graphite India Limited, Annual General Meeting, Jul 31, 2024 Graphite India Limited, Annual General Meeting, Jul 31, 2024. Reported Earnings • May 08
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹41.36 (up from ₹10.20 in FY 2023). Revenue: ₹32.5b (up 2.3% from FY 2023). Net income: ₹8.08b (up 305% from FY 2023). Profit margin: 25% (up from 6.3% in FY 2023). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Harsh Singhania was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
Graphite India Limited Announces Board Appointments, Effective from April 1, 2024 Graphite India Limited announced the appointment of Mr. Harsh Pati Singhania as an Independent Director for 5 years from 1st April 2024. Also appoints Mr. Rahul Kumar Narendrakumar Baldota as an Independent Director of the Company for 5 years from 1st April 2024. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.99 (vs ₹2.66 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.99 (down from ₹2.66 in 3Q 2023). Revenue: ₹7.53b (up 7.4% from 3Q 2023). Net income: ₹180.0m (down 66% from 3Q 2023). Profit margin: 2.4% (down from 7.6% in 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 12
Price target increased by 13% to ₹592 Up from ₹523, the current price target is an average from 2 analysts. New target price is 6.5% above last closing price of ₹555. Stock is up 47% over the past year. The company is forecast to post earnings per share of ₹50.70 for next year compared to ₹10.20 last year. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹41.13 (vs ₹4.72 in 2Q 2023) Second quarter 2024 results: EPS: ₹41.13 (up from ₹4.72 in 2Q 2023). Revenue: ₹9.62b (up 7.0% from 2Q 2023). Net income: ₹8.04b (up ₹7.12b from 2Q 2023). Profit margin: 84% (up from 10% in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Graphite India Limited to Report Q2, 2024 Results on Nov 09, 2023 Graphite India Limited announced that they will report Q2, 2024 results at 12:15 PM, Indian Standard Time on Nov 09, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: ₹1.56 loss per share (vs ₹1.23 profit in 1Q 2023) First quarter 2024 results: ₹1.56 loss per share (down from ₹1.23 profit in 1Q 2023). Revenue: ₹8.25b (down 4.7% from 1Q 2023). Net loss: ₹300.0m (down 225% from profit in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Graphite India Limited to Report Q1, 2024 Results on Aug 10, 2023 Graphite India Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • Aug 01
Graphite India Limited Appoints Sridhar Srinivasan as an Independent Director Graphite India Limited at the AGM held on July 31, 2023 approved the appointment of Mr. Sridhar Srinivasan as a Director and as an Independent Director not liable to retire by rotation for a term of 5 (five) consecutive years. Upcoming Dividend • Jul 13
Upcoming dividend of ₹8.50 per share at 2.1% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 30 August 2023. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 2.1%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.4%). Reported Earnings • Jul 08
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹10.20 (down from ₹25.83 in FY 2022). Revenue: ₹31.8b (up 5.1% from FY 2022). Net income: ₹1.99b (down 61% from FY 2022). Profit margin: 6.3% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jul 07
Graphite India Limited, Annual General Meeting, Jul 31, 2023 Graphite India Limited, Annual General Meeting, Jul 31, 2023, at 11:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statement of the Company for the financial year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended 31st March, 2023 and the Report of the Auditors thereon; to declare dividend on equity shares for the financial year ended 31st March 2023; to appoint a Director in place of Mr. A V Lodha, who retires by rotation and being eligible, offers himself for re-appointment; and to consider other business issues. Price Target Changed • Jun 06
Price target decreased by 7.7% to ₹445 Down from ₹482, the current price target is an average from 3 analysts. New target price is 20% above last closing price of ₹372. Stock is down 14% over the past year. The company is forecast to post earnings per share of ₹26.20 for next year compared to ₹10.19 last year.