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. Duyuru • Jun 09
Graphite India Limited, Annual General Meeting, Aug 04, 2026 Graphite India Limited, Annual General Meeting, Aug 04, 2026. 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. Duyuru • 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 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹976 per share. Major Estimate Revision • Feb 16
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₹30.2b to ₹27.9b. EPS estimate also fell from ₹30.66 per share to ₹25.70 per share. Net income forecast to grow 134% next year vs 26% growth forecast for Electrical industry in India. Consensus price target of ₹795 unchanged from last update. Share price rose 4.7% to ₹648 over the past week. 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. Duyuru • 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. Major Estimate Revision • Nov 26
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₹25.6b to ₹29.0b. EPS estimate fell from ₹40.90 to ₹35.59. Net income forecast to grow 256% next year vs 27% growth forecast for Electrical industry in India. Consensus price target broadly unchanged at ₹716. Share price was steady at ₹558 over the past week. Major Estimate Revision • Nov 17
Consensus revenue estimates decrease by 12%, EPS upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ₹29.0b to ₹25.6b. EPS estimate increased from ₹38.27 to ₹40.90 per share. Net income forecast to grow 277% next year vs 25% growth forecast for Electrical industry in India. Consensus price target of ₹703 unchanged from last update. Share price rose 6.2% to ₹572 over the past week. 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. Duyuru • 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 Major Estimate Revision • Aug 22
Consensus revenue estimates increase by 15%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₹25.9b to ₹29.8b. EPS estimate fell from ₹42.80 to ₹39.12. Net income forecast to grow 129% next year vs 26% growth forecast for Electrical industry in India. Consensus price target broadly unchanged at ₹703. Share price was steady at ₹537 over the past week. Major Estimate Revision • Aug 08
Consensus revenue estimates decrease by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from ₹29.8b to ₹25.9b. EPS estimate unchanged from ₹42.80 per share at last update. Electrical industry in India expected to see average net income growth of 26% next year. Consensus price target of ₹701 unchanged from last update. Share price was steady at ₹523 over the past week. 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 6.2% 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. Duyuru • 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 6.8% 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 (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Duyuru • 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 Reported Earnings • Jul 10
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: ₹25.6b (down 13% from FY 2024). Net income: ₹4.62b (down 43% from FY 2024). Profit margin: 18% (down from 27% in FY 2024). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 11%. 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 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 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%). Major Estimate Revision • Jun 13
Consensus revenue estimates increase by 27%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₹23.3b to ₹29.4b. EPS estimate fell from ₹46.60 to ₹44.31. Net income forecast to grow 87% next year vs 24% growth forecast for Electrical industry in India. Consensus price target up from ₹654 to ₹677. Share price fell 3.6% to ₹523 over the past week. Duyuru • 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. Duyuru • 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 Major Estimate Revision • Feb 22
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₹24.5b to ₹26.7b. EPS estimate increased from ₹23.80 to ₹26.65 per share. Net income forecast to grow 90% next year vs 38% growth forecast for Electrical industry in India. Consensus price target down from ₹697 to ₹654. Share price rose 2.4% to ₹420 over the past week. Major Estimate Revision • Feb 19
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₹28.3b to ₹24.5b. EPS estimate fell from ₹40.63 to ₹23.80 per share. Net income forecast to grow 94% next year vs 38% growth forecast for Electrical industry in India. Consensus price target down from ₹720 to ₹697. Share price fell 9.5% to ₹400 over the past week. 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. Duyuru • 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. Major Estimate Revision • Nov 18
Consensus revenue estimates decrease by 16%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₹33.1b to ₹27.9b. EPS estimate increased from ₹35.30 to ₹41.10 per share. Net income forecast to grow 94% next year vs 44% growth forecast for Electrical industry in India. Consensus price target reaffirmed at ₹712. Share price fell 6.6% to ₹476 over the past week. 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. Duyuru • 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 17% After last week's 17% 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 4.4% over the past three years. Major Estimate Revision • Aug 23
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from ₹29.6b to ₹33.1b. EPS estimate increased from ₹32.00 to ₹35.30 per share. Net income forecast to shrink 33% next year vs 32% growth forecast for Electrical industry in India . Consensus price target broadly unchanged at ₹712. Share price was steady at ₹532 over the past week. Major Estimate Revision • Aug 13
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ₹35.2b to ₹29.6b. EPS estimate fell from ₹33.70 to ₹32.00 per share. Net income forecast to shrink 37% next year vs 29% growth forecast for Electrical industry in India . Consensus price target of ₹722 unchanged from last update. Share price rose 5.2% to ₹527 over the past week. 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹30.9b to ₹30.3b. EPS estimate also fell from ₹50.70 per share to ₹43.10 per share. Net income forecast to shrink 10% next year vs 28% growth forecast for Electrical industry in India . Consensus price target up from ₹592 to ₹645. Share price rose 4.1% to ₹599 over the past week. 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 6.6% 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. Major Estimate Revision • Nov 18
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₹29.2b to ₹30.9b. EPS estimate fell from ₹57.20 to ₹50.70 per share. Net income forecast to grow 1.5% next year vs 29% growth forecast for Electrical industry in India. Consensus price target up from ₹523 to ₹537. Share price rose 3.8% to ₹482 over the past week. 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. Duyuru • 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 Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 131%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₹30.3b to ₹27.6b. EPS estimate rose from ₹26.20 to ₹60.40. Net income forecast to grow 648% next year vs 31% growth forecast for Electrical industry in India. Consensus price target of ₹445 unchanged from last update. Share price was steady at ₹433 over the past week. 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Major Estimate Revision • Jun 06
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹33.8b to ₹30.3b. EPS estimate fell from ₹30.40 to ₹26.20 per share. Net income forecast to grow 157% next year vs 25% growth forecast for Electrical industry in India. Consensus price target down from ₹482 to ₹445. Share price rose 16% to ₹372 over the past week. 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. Reported Earnings • Jun 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹10.19 (down from ₹25.83 in FY 2022). Revenue: ₹33.1b (up 9.5% from FY 2022). Net income: ₹1.99b (down 61% from FY 2022). Profit margin: 6.0% (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 8.3% p.a. on average during the next 3 years, compared to a 14% 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 18% per year, which means it is significantly lagging earnings growth. Duyuru • May 31
Graphite India Limited Recommends Dividend for the Year Ended March 31, 2023 Graphite India Limited recommended a dividend of INR 8.50 per equity share of Face Value of INR 2 each on 195375594 equity shares of the Company, subject To Approve the members in the 48th AGM of the Company. Dividend will be paid/dispatched to the shareholders within 15 days from the date of AGM. Duyuru • May 25
Graphite India Limited to Report Fiscal Year 2023 Results on May 30, 2023 Graphite India Limited announced that they will report fiscal year 2023 results on May 30, 2023 Major Estimate Revision • Feb 22
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ₹15.00 to ₹17.20. Revenue forecast steady at ₹30.9b. Net income forecast to grow 107% next year vs 22% growth forecast for Electrical industry in India. Consensus price target of ₹437 unchanged from last update. Share price fell 3.1% to ₹308 over the past week. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹2.66 (vs ₹6.75 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.66 (down from ₹6.75 in 3Q 2022). Revenue: ₹7.34b (down 17% from 3Q 2022). Net income: ₹530.0m (down 60% from 3Q 2022). Profit margin: 7.2% (down from 15% in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% 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 only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 01
Graphite India Limited to Report Q3, 2023 Results on Feb 08, 2023 Graphite India Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Duyuru • Nov 05
Graphite India Limited to Report Q2, 2023 Results on Nov 11, 2022 Graphite India Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 11, 2022 Price Target Changed • Aug 15
Price target decreased to ₹520 Down from ₹591, the current price target is an average from 4 analysts. New target price is 31% above last closing price of ₹396. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₹30.65 for next year compared to ₹25.83 last year. Duyuru • Jul 30
Graphite India Limited to Report Q1, 2023 Results on Aug 05, 2022 Graphite India Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 05, 2022 Upcoming Dividend • Jul 18
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 25 July 2022. Payment date: 20 August 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.6%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹25.83 (up from ₹1.64 loss in FY 2021). Revenue: ₹30.3b (up 55% from FY 2021). Net income: ₹5.05b (up ₹5.37b from FY 2021). Profit margin: 17% (up from net loss in FY 2021). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 28%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Duyuru • Jun 07
Graphite India Limited, Annual General Meeting, Aug 05, 2022 Graphite India Limited, Annual General Meeting, Aug 05, 2022. Major Estimate Revision • Jun 07
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from ₹37.5b to ₹38.9b. EPS estimate increased from ₹36.50 to ₹40.20 per share. Net income forecast to grow 56% next year vs 21% growth forecast for Electrical industry in India. Consensus price target down from ₹591 to ₹575. Share price fell 2.2% to ₹435 over the past week. Major Estimate Revision • May 30
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from ₹42.6b to ₹37.5b. EPS estimate fell from ₹58.03 to ₹36.50 per share. Net income forecast to grow 41% next year vs 21% growth forecast for Electrical industry in India. Consensus price target down from ₹635 to ₹591. Share price fell 3.0% to ₹448 over the past week. Price Target Changed • May 27
Price target decreased to ₹591 Down from ₹656, the current price target is an average from 3 analysts. New target price is 34% above last closing price of ₹439. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₹37.70 for next year compared to ₹25.82 last year. Duyuru • May 25
Graphite India Limited Recommends Dividend for the Year Ended March 31, 2022 Graphite India Limited Board of Directors have recommended a dividend of INR 10 per equity share of Face Value of INR 2 per each on 195375594 equity shares of the Company, subject To Approve the members in the 47th AGM of the Company. Dividend will be paid/dispatched to the shareholders within 15 days from the date of AGM. Duyuru • May 24
Graphite India Limited Announces Change of Chief Financial Officer Graphite India Limited announced that S W Parnerkar Chief Financial officer is due retire from the services of the company on June 30, 2022. The Board of Directors of the Company in the meeting held on May 23, 2022 on the recommendations of the Nomination and Remuneration Committee and the Audit Committee approved appointment Mr. M K Chhajer as the Chief Financial Officer & Key Managerial Personnel of the Company from July 1, 2022. S W Parnerkar is a qualified Cost Accountant (merit holder) from The Institute of Cost Accountants of India. He is presently the Executive Vice President- Finance operating from the registered office in Kolkata under Mr. S W Parnerkar and has been with the Company for over 30 years. Mr. Chhajer has in depth knowledge and experience of the Accounts and Finance functions, fund raising activities, mergers and acquisition, overseas operations and the investment portfolio of the company. Presently, he also handles the Investor Relations function. He is fully involved in the business affairs of the Company. Reported Earnings • May 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹25.82 (up from ₹1.64 loss in FY 2021). Revenue: ₹33.2b (up 70% from FY 2021). Net income: ₹5.05b (up ₹5.37b from FY 2021). Profit margin: 15% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 28%, compared to a 19% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Buying Opportunity • Apr 12
Now 22% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be ₹719, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Reported Earnings • Feb 16
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹6.75 (up from ₹1.19 in 3Q 2021). Revenue: ₹9.46b (up 90% from 3Q 2021). Net income: ₹1.32b (up 474% from 3Q 2021). Profit margin: 14% (up from 4.6% in 3Q 2021). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from ₹32.3b to ₹33.8b. EPS estimate fell from ₹36.03 to ₹32.05 per share. Net income forecast to grow 142% next year vs 21% growth forecast for Electrical industry in India. Consensus price target down from ₹656 to ₹635. Share price fell 4.0% to ₹505 over the past week. Duyuru • Feb 15
Graphite India Limited Appoints Sudha Krishnan as A Member of Audit Committee Graphite India Limited announced that at the Board of Directors at its meeting held on February 14, 2022, the Board of Directors have appointed Mrs. Sudha Krishnan, Non-Executive Independent Director of the Company, as a member of Audit Committee. Duyuru • Feb 08
Graphite India Limited to Report Q3, 2022 Results on Feb 14, 2022 Graphite India Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 28% share price gain to ₹525, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 36x in the Electrical industry in India. Total loss to shareholders of 20% over the past three years. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹6.55 (vs ₹2.09 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹6.92b (up 43% from 2Q 2021). Net income: ₹1.28b (up ₹1.69b from 2Q 2021). Profit margin: 19% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 03
Price target decreased to ₹755 Down from ₹815, the current price target is an average from 4 analysts. New target price is 46% above last closing price of ₹517. Stock is up 194% over the past year. The company is forecast to post earnings per share of ₹42.80 next year compared to a net loss per share of ₹1.64 last year. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹514, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 41x in the Electrical industry in India. Total loss to shareholders of 39% over the past three years. Price Target Changed • Sep 30
Price target increased to ₹809 Up from ₹745, the current price target is an average from 4 analysts. New target price is 34% above last closing price of ₹604. Stock is up 213% over the past year. Executive Departure • Aug 25
Non-Executive Non-Independent Director Jemi Curravala has left the company On the 20th of August, Jemi Curravala's tenure as Non-Executive Non-Independent Director ended after 12.1 years in the role. As of June 2021, Jemi still personally held only 4.75k shares (₹3.0m worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • Aug 19
Independent Non-Executive Director Shalini Kamath has left the company On the 10th of August, Shalini Kamath's tenure as Independent Non-Executive Director ended after 5.7 years in the role. We don't have any record of a personal shareholding under Shalini's name. Shalini is the only executive to leave the company over the last 12 months. 