NSEI:GRAPHITE

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Executive Summary

Graphite India Limited manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Graphite India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GRAPHITE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.1%

GRAPHITE

4.3%

IN Electrical

2.9%

IN Market


1 Year Return

-35.5%

GRAPHITE

-22.0%

IN Electrical

-4.9%

IN Market

Return vs Industry: GRAPHITE underperformed the Indian Electrical industry which returned -22% over the past year.

Return vs Market: GRAPHITE underperformed the Indian Market which returned -4.9% over the past year.


Shareholder returns

GRAPHITEIndustryMarket
7 Day-3.1%4.3%2.9%
30 Day-10.0%7.9%5.8%
90 Day12.8%19.3%18.5%
1 Year-34.5%-35.5%-20.7%-22.0%-3.0%-4.9%
3 Year20.4%3.0%-22.9%-25.7%1.5%-3.3%
5 Year173.3%121.7%-30.9%-34.5%26.8%17.0%

Price Volatility Vs. Market

How volatile is Graphite India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Graphite India undervalued compared to its fair value and its price relative to the market?

15.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GRAPHITE (₹183.1) is trading below our estimate of fair value (₹216.73)

Significantly Below Fair Value: GRAPHITE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GRAPHITE is poor value based on its PE Ratio (79.6x) compared to the Electrical industry average (15.4x).

PE vs Market: GRAPHITE is poor value based on its PE Ratio (79.6x) compared to the Indian market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: GRAPHITE is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: GRAPHITE is overvalued based on its PB Ratio (0.8x) compared to the IN Electrical industry average (0.8x).


Next Steps

Future Growth

How is Graphite India forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

80.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRAPHITE's forecast earnings growth (80.3% per year) is above the savings rate (7.2%).

Earnings vs Market: GRAPHITE's earnings (80.3% per year) are forecast to grow faster than the Indian market (18.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GRAPHITE's revenue (11.7% per year) is forecast to grow faster than the Indian market (7.3% per year).

High Growth Revenue: GRAPHITE's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GRAPHITE's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has Graphite India performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GRAPHITE has high quality earnings.

Growing Profit Margin: GRAPHITE's current net profit margins (1.5%) are lower than last year (43.2%).


Past Earnings Growth Analysis

Earnings Trend: GRAPHITE's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: GRAPHITE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GRAPHITE had negative earnings growth (-98.7%) over the past year, making it difficult to compare to the Electrical industry average (-3.1%).


Return on Equity

High ROE: GRAPHITE's Return on Equity (1%) is considered low.


Next Steps

Financial Health

How is Graphite India's financial position?


Financial Position Analysis

Short Term Liabilities: GRAPHITE's short term assets (₹42.2B) exceed its short term liabilities (₹9.4B).

Long Term Liabilities: GRAPHITE's short term assets (₹42.2B) exceed its long term liabilities (₹860.0M).


Debt to Equity History and Analysis

Debt Level: GRAPHITE's debt to equity ratio (9.1%) is considered satisfactory.

Reducing Debt: GRAPHITE's debt to equity ratio has reduced from 21% to 9.1% over the past 5 years.

Debt Coverage: GRAPHITE's debt is well covered by operating cash flow (60.8%).

Interest Coverage: Insufficient data to determine if GRAPHITE's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Graphite India current dividend yield, its reliability and sustainability?

7.97%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GRAPHITE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GRAPHITE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GRAPHITE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GRAPHITE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GRAPHITE is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GRAPHITE's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

18.1yrs

Average board tenure


CEO

Ashutosh Dixit (50yo)

0.25

Tenure

₹6,500,000

Compensation

Mr. Ashutosh Dixit serves as President at Graphite India Ltd since November 13, 2017 and serves as its Additional Whole-Time Director since April 01, 2020. Mr. Dixit is a qualified engineer with his academ ...


Board Members

NamePositionTenureCompensationOwnership
Ashutosh Dixit
President & Additional Whole-Time Director0.25yr₹6.50mno data
Aditya Lodha
Non-Executive Non-Independent Director27.58yrs₹1.20mno data
Gaurav Swarup
Independent Non-Executive Director5.92yrs₹1.80mno data
Pradip Khaitan
Independent Non-Executive Director18.08yrs₹2.20mno data
Nayankankuppam Venkataramani
Independent Non-Executive Director18.67yrs₹2.60m0.0036% 1.3m
Krishna Bangur
Non-Executive Chairman27yrs₹2.40m0.98% 353.9m
Nandan Damani
Independent Non-Executive Director27.42yrs₹1.00mno data
Jemi Curravala
Non-Executive Non-Independent Director11.08yrs₹800.00k0.0024% 881.4k
Shalini Kamath
Independent Non-Executive Director4.67yrs₹800.00kno data

18.1yrs

Average Tenure

64yo

Average Age

Experienced Board: GRAPHITE's board of directors are seasoned and experienced ( 18.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Graphite India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Graphite India Limited
  • Ticker: GRAPHITE
  • Exchange: NSEI
  • Founded: 1962
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: ₹36.271b
  • Shares outstanding: 195.38m
  • Website: https://www.graphiteindia.com

Location

  • Graphite India Limited
  • 31 Chowringhee Road
  • Kolkata
  • West Bengal
  • 700016
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
509488BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2001
GRAPHITENSEI (National Stock Exchange of India)YesEquity SharesININRJul 2001

Biography

Graphite India Limited manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally. It operates in two segments, Graphite and Carbon, and Others. The company offers a range of graphite electrodes with various diameter and power for AC and DC furnaces. It also provides extruded graphite in the form of rods and blocks, mini rods, graphite tubes, heat exchanger tubes, molded mold and isostatically moulded graphite, machined components of carbon and graphite, carbon graphite/bricks, and carbon composites/brake discs. In addition, the company offers calcined petroleum coke, carbon electrode paste, graphite granules and fines, and carbonaceous materials to aluminum, steel, ferro alloy, and foundry castings industries; and impervious graphite heat exchangers, which are used as condensers, coolers, heaters, re-boilers, evaporators, interchangers, and graphite columns for distillation, absorption and scrubbing, ejector systems, and centrifugal pumps. Further, the company provides HCl synthesis and dry HCl gas generation units, and H2SO4/HCl concentration and acid dilution cooling units; bursting discs, thermos-wells, pipes, and pipe fittings; glass fiber reinforced plastic pipes, joints, and fittings; and high speed, alloy tool, and powder metallurgy steels for cutting tools. Additionally, it generates and sells electricity to Karnataka power grid under a power purchase agreement through a hydel power plant. The company was founded in 1962 and is based in Kolkata, India. Graphite India Limited is a subsidiary of Emerald Company Private Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 12:53
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.