Graphite India share price
NSE: GRAPHITEBSE: 509488Industrial ProductsSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹751.45.
28 Oct: open ₹744.00, high ₹755.35, low ₹732.20
- Next results date: the board meets on 3 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹14,363 Cr474th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 67.43
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.45
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.95%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 3.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −0.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.06
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 5,71,53937.0% delivered
About Graphite India
Graphite India Limited makes graphite electrodes, the rods that carry electric current to melt scrap in electric arc furnace steel mills, and sells them to steelmakers.12 It also supplies impervious graphite equipment and specialty graphite products to chemical, fertiliser, polymer and drug intermediate makers that need corrosion-resistant materials.2 The company is based in Kolkata, with plants at Durgapur, Nashik, Barauni and Titilagarh.34
Its reporting segments are graphite and carbon, covering graphite electrodes and other graphite and carbon products; steel, covering high speed steel and alloy steel; and others, covering glass fibre reinforced plastic (GRP) pipes, whose plant the company decided to close, and power sold to outside buyers.56 Its Barauni plant in Bihar makes calcined petroleum coke (a carbon raw material for electrodes and aluminium smelting) and carbon paste, and its Powmex Steels Division makes high speed steel at Titilagarh in Odisha.7
It was incorporated in 1974.8 Its wholly owned Dutch subsidiary, Graphite International B.V., holds companies in Germany and 60.25% of General Graphene Corporation in the US.9 The group's German graphite electrode production is closed, and one German subsidiary, Bavaria Electrodes GmbH, is in liquidation.109 The chairman, K K Bangur, is a promoter director, and Emerald Company Private Limited, a promoter group company, holds 61.33% of the share capital.31112
Graphite India key points
Results
- In the quarter to Jun 2026, consolidated net sales rose 26.6% year on year to ₹842 crore, EBITDA (earnings before interest, tax, depreciation and amortisation, on the company's basis, including other income) rose 24.9% to ₹241 crore and net profit rose 28.6% to ₹171 crore.1314
- On a standalone basis, revenue from operations was ₹2,812 crore in the year to Mar 2026, against ₹2,420 crore a year earlier, and profit after tax was ₹264 crore, against ₹452 crore.15
- Standalone profit before tax and one-off items fell to ₹354 crore in the year to Mar 2026 from ₹569 crore, mainly because investment income fell to ₹120 crore from ₹409 crore.16
- At the end of the quarter to Jun 2026, consolidated cash and investments net of gross debt were ₹3,939 crore, with gross debt of ₹266 crore.1718
Business segments
- Graphite and carbon. On a standalone basis, graphite and carbon revenue was ₹2,508 crore in the year to Mar 2026, against ₹2,166 crore, about 89% of total revenue, and graphite and carbon profit was ₹213 crore, against ₹178 crore.1920
- Steel. The Powmex Steels Division produced 3,193 metric tonnes (MT) of high speed steel and alloy steel in the year to Mar 2026, against 3,004 MT, and reaches almost 100% of major Indian original equipment makers, directly or indirectly.2122
- Others. The others segment sells power to third parties from a hydro plant at Chunchanakatte near Mysuru, with 23 MW of installed capacity after 5 MW was added in the year to Mar 2026.2324
Where revenue comes from
Plants and capacity
- Graphite electrode manufacturing capacity is 80,000 tonnes per annum, spread over 2 plants, at Durgapur and Nashik.28
- On a standalone basis, capacity utilisation rose to 97% in the quarter to Jun 2026, against 82% a year earlier.2930
- Production in metric tonnes (MT)31
Item year to Mar 2026 year to Mar 2025 Graphite electrodes and other carbon and graphite products 92,889 MT 85,225 MT Calcined petroleum coke 46,362 MT 50,788 MT Impervious graphite equipment and spares 2,097 MT 1,495 MT
Research and development
- The company has developed carbon-carbon brake discs for the LCA MK-1 fighter aircraft, now in aircraft trials, and is developing brake discs for the SARAS aircraft with the Defence Research and Development Organisation (DRDO).32
- The company acquired technology from DRDO to make carbon-silicon carbide components for defence use, and works with the Indian Space Research Organisation's Vikram Sarabhai Space Centre on aerospace components.33
- The company is validating ultrafine isostatic graphite (graphite pressed evenly from all sides) with a 10-micron particle size, and has developed carbon bricks for the chemical industry.34
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it is adding 25,000 metric tonnes of graphite electrode capacity, with a first phase of 13,000 metric tonnes expected to be operational by the quarter to Mar 2027.35
- In its presentation of 4 Aug 2026, the company said its synthetic graphite anode material (SGAM, a material for lithium-ion battery cells) project continues as previously announced.3637
- On a standalone basis, capital expenditure was ₹250 crore in the year to Mar 2026, against ₹166 crore a year earlier.38
Recent events
- On 19 Oct 2026, the company was allotted 7,78,575 rights shares (new shares offered to existing shareholders) of Godi India Private Limited, which develops supercapacitors and advanced battery materials and has not yet started commercial operations, raising its stake to 52.68% from 45.76%.3940
- In its presentation of 4 Aug 2026, the company said it had decided to close its Specialities and Coating divisions in Germany, citing the Russia-Ukraine conflict and their reduced competitiveness.41
- In its exchange filing of 11 May 2026, the company said it had raised its stake in GrafTech International, a NYSE-listed graphite electrode maker, to 9.79% from 6.82% through market purchases.4243
- On 30 Jan 2026, ICRA reaffirmed its AA+ long-term credit rating (an opinion on the ability to repay debt), with a stable outlook, and its A1+ short-term rating on the company's ₹1,400 crore of working capital limits.44
Litigation and regulatory matters
- As of its annual report of 8 Jul 2026, US antidumping and countervailing duty investigations (into imports sold below fair value or subsidised) of large diameter graphite electrodes from India and China were in progress, and Brazil had a similar antidumping investigation.45
- In its presentation of 4 Aug 2026, the company said the impact of the earlier reported US countervailing duties on its financial performance remains limited, given its regionally diversified exports.46
Last updated
All 46 sources, each with its page
- 1. Annual report, 8 Jul 2026, page 22
- 2. Annual report, 8 Jul 2026, page 60
- 3. Annual report, 8 Jul 2026, page 4
- 4. Annual report, 8 Jul 2026, page 31
- 5. Annual report, 8 Jul 2026, page 170
- 6. Annual report, 8 Jul 2026, page 24
- 7. Annual report, 8 Jul 2026, page 23
- 8. Annual report, 8 Jul 2026, page 59
- 9. Annual report, 8 Jul 2026, page 29
- 10. Annual report, 8 Jul 2026, page 22
- 11. Annual report, 8 Jul 2026, page 29
- 12. Annual report, 8 Jul 2026, page 46
- 13. Investor presentation, 4 Aug 2026, page 4
- 14. Investor presentation, 4 Aug 2026, page 11
- 15. Annual report, 8 Jul 2026, page 27
- 16. Annual report, 8 Jul 2026, page 22
- 17. Investor presentation, 4 Aug 2026, page 4
- 18. Investor presentation, 4 Aug 2026, page 13
- 19. Annual report, 8 Jul 2026, page 25
- 20. Annual report, 8 Jul 2026, page 22
- 21. Annual report, 8 Jul 2026, page 25
- 22. Annual report, 8 Jul 2026, page 24
- 23. Annual report, 8 Jul 2026, page 24
- 24. Investor presentation, 4 Aug 2026, page 15
- 25. Annual report, 8 Jul 2026, page 25
- 26. Annual report, 8 Jul 2026, page 60
- 27. Annual report, 8 Jul 2026, page 60
- 28. Investor presentation, 4 Aug 2026, page 15
- 29. Investor presentation, 4 Aug 2026, page 5
- 30. Investor presentation, 4 Aug 2026, page 12
- 31. Annual report, 8 Jul 2026, page 25
- 32. Annual report, 8 Jul 2026, page 29
- 33. Annual report, 8 Jul 2026, page 29
- 34. Annual report, 8 Jul 2026, page 29
- 35. Annual report, 8 Jul 2026, page 22
- 36. Annual report, 8 Jul 2026, page 24
- 37. Investor presentation, 4 Aug 2026, page 5
- 38. Annual report, 8 Jul 2026, page 27
- 39. Exchange filing, 23 Oct 2026, page 3
- 40. Exchange filing, 23 Oct 2026, page 2
- 41. Investor presentation, 4 Aug 2026, page 5
- 42. Exchange filing, 11 May 2026, page 1
- 43. Exchange filing, 11 May 2026, page 2
- 44. Exchange filing, 30 Jan 2026, page 1
- 45. Annual report, 8 Jul 2026, page 27
- 46. Investor presentation, 4 Aug 2026, page 5
Results
Consolidated; ₹ crore.Graphite India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +21.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −40.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹842 Crup 3.19%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- ₹171 CrQuarter to Mar 2026: −₹105 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 20.3%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 643 | 523 | 666 | 665 | 729 | 642 | 816 | 842 |
| Net profit | 194 | −21 | 49 | 133 | 76 | 67 | −105 | 171 |
| Net margin | 30.2% | −4.0% | 7.4% | 20.0% | 10.4% | 10.4% | −12.9% | 20.3% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,852 Crup 11.41%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹171 Crdown 62.66%
- Net margin
- 6.0%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,554 | 3,291 | 7,858 | 3,094 | 1,958 | – | 3,181 | 2,950 | 2,560 | 2,852 |
| Net profit | 70 | 1,032 | 3,396 | 45 | −32 | – | 199 | 806 | 458 | 171 |
| Net margin | 4.5% | 31.4% | 43.2% | 1.5% | −1.6% | – | 6.3% | 27.3% | 17.9% | 6.0% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Graphite and CarbonGraphite and Carbon, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,594 Crup 15.39%90.9%
- SteelSteel, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹257 Crup 13.22%9.0%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4 Crdown 95.45%0.1%
Valuation
Today, against the company's own history.Graphite India PE ratio and valuation
At or below today's level on 88% of 1,827 trading days over the last 10 years.
At or below today's level on 88% of 1,951 trading days since Nov 2018.
At or below today's level on 23% of 2,477 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +30.2% | −62.1% | +240.2% | 1.1% |
| 3 years | +34.7% | −4.2% | +38.7% | 1.8% |
| 5 years | +5.9% | – | – | 2.1% |
Mutual fund holdings
75 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 44 of the 53 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 75 funds holding Graphite India
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 10
- AddedAdded. Funds that held more shares than at the end of the month before.
- 19
- CutCut. Funds that held fewer shares than at the end of the month before.
- 34
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 12
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
| 29,00,000 | 1.68% | ₹221.8 Cr | |
| 17,05,689 | 0.63% | ₹130.5 Cr | |
| 11,20,944 | 0.40% | ₹85.7 Cr | |
| 10,00,000 | 2.44% | ₹76.5 Cr | |
| 10,00,000 | 1.73% | ₹76.5 Cr | |
| 7,80,222 | 0.58% | ₹59.7 Cr | |
| 6,90,894 | 1.53% | ₹52.8 Cr | |
| 5,99,070 | 1.90% | ₹45.8 Cr | |
| 5,53,547 | 0.23% | ₹42.3 Cr | |
| 4,72,920 | 2.23% | ₹36.2 Cr |
Graphite India competitors and peers
Electrodes & Refractories, 14 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Graphite India in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 8,101 | 114.93 | 28.77 | +38.2% | +55.0% | 28.4% | 30.4% | 0.06% | |
| 7,754 | 30.27 | 4.43 | +8.9% | +2.2% | 15.7% | 16.4% | 0.39% | |
| 7,544 | – | – | +19.7% | +82.3% | – | – | 0.53% | |
| 7,317 | – | 2.06 | +8.5% | −314.4% | −9.4% | 7.2% | 0.71% | |
| 2,714 | 76.62 | 17.86 | – | – | 26.4% | – | 0.00% | |
| 1,251 | 30.54 | 1.06 | +15.4% | +40.5% | 3.6% | 4.6% | 1.24% | |
| 1,088 | 37.93 | 6.91 | +5.6% | +13.5% | 19.6% | 31.7% | 0.64% | |
| 472 | 18.05 | 1.56 | +24.0% | +130.8% | 8.9% | 9.4% | 0.89% |
Dividends
Per share, by the year it was paid for, and the latest payments.Graphite India dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 20 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹7.00 |
| 17 Jul 2025 | Final | ₹11.00 |
| 19 Jul 2024 | Final | ₹11.00 |
| 20 Jul 2023 | Final | ₹8.50 |
| 25 Jul 2022 | Final | ₹10.00 |
| 9 Aug 2021 | Final | ₹5.00 |
Latest announcements
Routine notices left out.Graphite India announcements
Oct 2026
27 Oct · Board meeting
23 Oct · Business
Sep 2026
29 Sep · Legal
22 Sep · Updates
22 Sep · Analysts
Graphite India share price by year
Each calendar year to 2025.Graphite India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 641.70 | +13.5% | 641.70 | 374.45 |
| 2024 | 565.30 | +2.7% | 688.70 | 462.50 |
| 2023 | 550.20 | +47.4% | 555.50 | 259.70 |
| 2022 | 373.35 | −26.6% | 579.50 | 351.40 |
| 2021 | 508.95 | +67.9% | 792.45 | 301.05 |
| 2020 | 303.20 | 0.0% | 323.15 | 106.40 |
| 2019 | 303.25 | −59.9% | 754.65 | 263.35 |
| 2018 | 755.35 | +6.4% | 1,106.95 | 606.50 |
| 2017 | 710.20 | +871.5% | 710.20 | 72.95 |
| 2016 | 73.10 | −15.0% | 86.45 | 64.95 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 740.00 | 760.00 | 727.20 | 751.45 | 751.76 | 11,07,692 | 40.8% |
| 26 Oct 2026 | 683.65 | 745.00 | 677.10 | 736.05 | 725.13 | 20,78,549 | 21.7% |
| 23 Oct 2026 | 711.60 | 714.90 | 677.45 | 689.05 | 688.30 | 7,15,007 | 42.1% |
| 22 Oct 2026 | 725.00 | 725.25 | 702.60 | 707.40 | 711.55 | 4,74,667 | 36.6% |
| 21 Oct 2026 | 746.20 | 749.60 | 720.10 | 727.35 | 732.34 | 6,39,130 | 43.6% |
| 19 Oct 2026 | 776.00 | 776.00 | 740.00 | 745.50 | 753.34 | 5,00,790 | 44.0% |
| 16 Oct 2026 | 768.90 | 777.50 | 762.65 | 770.25 | 771.16 | 4,39,625 | 43.8% |
| 15 Oct 2026 | 803.00 | 803.45 | 760.10 | 767.20 | 775.61 | 10,55,159 | 46.8% |
| 14 Oct 2026 | 792.05 | 806.45 | 790.00 | 805.45 | 800.07 | 5,33,794 | 38.8% |
Company details
- NSE symbol
- GRAPHITE
- BSE code
- 509488
- ISIN
- INE371A01025
- Industry
- Industrial Products
- Former symbols
- CARBEVFLOW
- Website
- www.graphiteindia.com
- CIN
- L10101WB1974PLC094602
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1974
- Registered office
- 31, Chowringhee Road, Kolkata 700016, West Bengal
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments