Graphite India logo

Graphite India share price

NSE: GRAPHITEBSE: 509488Industrial ProductsSmall Cap

Graphite India Limited · Formerly Carbon Everflow · Face value ₹2 · Listed Mar 1977 on BSE, Feb 2003 on NSE
Last close ₹735.15down ₹16.30 (2.17%)BSE ₹735.50

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

52-week range of traded prices to 28 Oct 2026
₹516.20Low, 9 Dec 2025₹874.35High, 9 Sep 2026
Market cap
₹14,363 Cr474th largest listed
P/E
67.43
P/B
2.45
Dividend yield
0.95%
ROE
3.6%
ROCE
−0.1%
Debt to equity
0.06
Volume, NSE
5,71,53937.0% delivered

Graphite India share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+24.5%over a year · Nifty Smallcap 250 −2.1% · Nifty 500 −8.8%

Results20-session average 10,75,191 shares a day, 37.8% 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

  • Export revenue was ₹1,139 crore in the year to Mar 2026, against ₹791 crore, and exports were 41.41% of the company's standalone turnover.2526
  • The company sold in 27 countries and 22 Indian states in the year to Mar 2026.27

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
    Itemyear to Mar 2026year to Mar 2025
    Graphite electrodes and other carbon and graphite products92,889 MT85,225 MT
    Calcined petroleum coke46,362 MT50,788 MT
    Impervious graphite equipment and spares2,097 MT1,495 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. 1. Annual report, 8 Jul 2026, page 22
  2. 2. Annual report, 8 Jul 2026, page 60
  3. 3. Annual report, 8 Jul 2026, page 4
  4. 4. Annual report, 8 Jul 2026, page 31
  5. 5. Annual report, 8 Jul 2026, page 170
  6. 6. Annual report, 8 Jul 2026, page 24
  7. 7. Annual report, 8 Jul 2026, page 23
  8. 8. Annual report, 8 Jul 2026, page 59
  9. 9. Annual report, 8 Jul 2026, page 29
  10. 10. Annual report, 8 Jul 2026, page 22
  11. 11. Annual report, 8 Jul 2026, page 29
  12. 12. Annual report, 8 Jul 2026, page 46
  13. 13. Investor presentation, 4 Aug 2026, page 4
  14. 14. Investor presentation, 4 Aug 2026, page 11
  15. 15. Annual report, 8 Jul 2026, page 27
  16. 16. Annual report, 8 Jul 2026, page 22
  17. 17. Investor presentation, 4 Aug 2026, page 4
  18. 18. Investor presentation, 4 Aug 2026, page 13
  19. 19. Annual report, 8 Jul 2026, page 25
  20. 20. Annual report, 8 Jul 2026, page 22
  21. 21. Annual report, 8 Jul 2026, page 25
  22. 22. Annual report, 8 Jul 2026, page 24
  23. 23. Annual report, 8 Jul 2026, page 24
  24. 24. Investor presentation, 4 Aug 2026, page 15
  25. 25. Annual report, 8 Jul 2026, page 25
  26. 26. Annual report, 8 Jul 2026, page 60
  27. 27. Annual report, 8 Jul 2026, page 60
  28. 28. Investor presentation, 4 Aug 2026, page 15
  29. 29. Investor presentation, 4 Aug 2026, page 5
  30. 30. Investor presentation, 4 Aug 2026, page 12
  31. 31. Annual report, 8 Jul 2026, page 25
  32. 32. Annual report, 8 Jul 2026, page 29
  33. 33. Annual report, 8 Jul 2026, page 29
  34. 34. Annual report, 8 Jul 2026, page 29
  35. 35. Annual report, 8 Jul 2026, page 22
  36. 36. Annual report, 8 Jul 2026, page 24
  37. 37. Investor presentation, 4 Aug 2026, page 5
  38. 38. Annual report, 8 Jul 2026, page 27
  39. 39. Exchange filing, 23 Oct 2026, page 3
  40. 40. Exchange filing, 23 Oct 2026, page 2
  41. 41. Investor presentation, 4 Aug 2026, page 5
  42. 42. Exchange filing, 11 May 2026, page 1
  43. 43. Exchange filing, 11 May 2026, page 2
  44. 44. Exchange filing, 30 Jan 2026, page 1
  45. 45. Annual report, 8 Jul 2026, page 27
  46. 46. Investor presentation, 4 Aug 2026, page 5

Results

Consolidated; ₹ crore.Graphite India quarterly results

Revenue growth, 12 months
+21.3%
Net profit growth, 12 months
−40.7%

Quarter to Jun 2026, against the quarter before

Revenue
₹842 Crup 3.19%
Net profit
₹171 CrQuarter to Mar 2026: −₹105 Cr
Net margin
20.3%

Revenue by quarter

₹643 CrSep 24₹523 CrDec 24₹666 CrMar 25₹665 CrJun 25₹729 CrSep 25₹642 CrDec 25₹816 CrMar 26₹842 CrJun 26
Peak revenue ₹842 Cr, quarter to Jun 2026; lowest ₹523 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹194 CrSep 24−₹21 CrDec 24₹49 CrMar 25₹133 CrJun 25₹76 CrSep 25₹67 CrDec 25−₹105 CrMar 26₹171 CrJun 26
Back to profit in the quarter to Jun 2026, ₹171 CrA loss in 2 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue643523666665729642816842
Net profit194−21491337667−105171
Net margin30.2%−4.0%7.4%20.0%10.4%10.4%−12.9%20.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Graphite and Carbon₹2,594 Crup 15.39%90.9%
  • Steel₹257 Crup 13.22%9.0%
  • Others₹4 Crdown 95.45%0.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Graphite India PE ratio and valuation

Price to earnings

At or below today's level on 88% of 1,827 trading days over the last 10 years.

LowestHighest
Its median26.12Industry median30.41
Price to book

At or below today's level on 88% of 1,951 trading days since Nov 2018.

LowestHighest
Its median1.83Industry median2.16
Dividend yield

At or below today's level on 23% of 2,477 trading days over the last 10 years.

LowestHighest
Its median1.73%Industry median0.64%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Graphite India shareholding pattern

Shareholding by group

  • Promoters65.34%
  • Foreign institutions8.11%
  • Indian institutions9.67%
  • Governments0.02%
  • Individuals and others16.87%
Holder
Emerald Company Private LimitedPromoter61.33%
G K W LimitedPromoter2.05%
Emerald Matrix Holdings Pte ltdPromoter0.71%
Shree Laxmi Agents Private LimitedPromoter0.45%
Carbo Ceramics LimitedPromoter0.20%
Manjushree BangurPromoter0.13%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +2.08 pts, Indian institutions −0.57 pts, mutual funds −0.66 pts.

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 time
10
Added
19
Cut
34
Held unchanged
12
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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

Return on equity across, P/E up, size is market cap
Company
Raghav Productivity Enhancers logoRaghav Productivity EnhancersRPEL8,101114.9328.77+38.2%+55.0%28.4%30.4%0.06%
Vesuvius India logoVesuvius IndiaVESUVIUS7,75430.274.43+8.9%+2.2%15.7%16.4%0.39%
HEG Advanced Materials logoHEG Advanced MaterialsHEGAM7,544––+19.7%+82.3%––0.53%
Rhi Magnesita India logoRhi Magnesita IndiaRHIM7,317–2.06+8.5%−314.4%−9.4%7.2%0.71%
Monolithisch India logoMonolithisch IndiaMONOLITH2,71476.6217.86––26.4%–0.00%
IFGL Refractories logoIFGL RefractoriesIFGLEXPOR1,25130.541.06+15.4%+40.5%3.6%4.6%1.24%
Foseco Crucible (India) logoFoseco Crucible (India)FOSECOC1,08837.936.91+5.6%+13.5%19.6%31.7%0.64%
Orient Ceratech logoOrient CeratechORIENTCER47218.051.56+24.0%+130.8%8.9%9.4%0.89%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

2Mar 1717Mar 1855Mar 192Mar 205Mar 2110Mar 228.5Mar 2311Mar 2411Mar 257Mar 26
Highest ₹55.00 a share, year to Mar 2019.
Ex-dateTypePer share
20 Jul 2026Final₹7.00
17 Jul 2025Final₹11.00
19 Jul 2024Final₹11.00
20 Jul 2023Final₹8.50
25 Jul 2022Final₹10.00
9 Aug 2021Final₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Graphite India announcements

Graphite India share price by year

Each calendar year to 2025.Graphite India share price history

YearClose at year endChangeHighest closeLowest close
2025641.70+13.5%641.70374.45
2024565.30+2.7%688.70462.50
2023550.20+47.4%555.50259.70
2022373.35−26.6%579.50351.40
2021508.95+67.9%792.45301.05
2020303.200.0%323.15106.40
2019303.25−59.9%754.65263.35
2018755.35+6.4%1,106.95606.50
2017710.20+871.5%710.2072.95
201673.10−15.0%86.4564.95
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026740.00760.00727.20751.45751.7611,07,69240.8%
26 Oct 2026683.65745.00677.10736.05725.1320,78,54921.7%
23 Oct 2026711.60714.90677.45689.05688.307,15,00742.1%
22 Oct 2026725.00725.25702.60707.40711.554,74,66736.6%
21 Oct 2026746.20749.60720.10727.35732.346,39,13043.6%
19 Oct 2026776.00776.00740.00745.50753.345,00,79044.0%
16 Oct 2026768.90777.50762.65770.25771.164,39,62543.8%
15 Oct 2026803.00803.45760.10767.20775.6110,55,15946.8%
14 Oct 2026792.05806.45790.00805.45800.075,33,79438.8%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
KRISHNA KUMAR BANGUR
At the end of the quarter to Jun 2026
NSE symbol
GRAPHITE
BSE code
509488
ISIN
INE371A01025
Industry
Industrial Products
Former symbols
CARBEVFLOW
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