GRAPHITE

Graphite India Limited

Graphite India Limited (GRAPHITE) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Electrodes & Refractories

graphiteindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹770.25
Market cap
15,021 Cr
Stock P/E
70.5
P/B
2.58
Dividend yield
1.4%
ROE (FY26)
3.0%
ROCE (FY26)
4.3%
Operating margin (FY26)
3.7%
Debt / equity (FY26)
0.06
OCF / EBITDA (FY26)
40.8%
OCF / EBITDA (3Y)
405.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Graphite India makes graphite electrodes for steel producers, and describes itself as the largest Indian producer of graphite electrodes and one of the largest globally by total capacity (August 2026 presentation).

Company snapshot

1stBy market cap

Ranked among 8 companies in Electrodes & Refractories.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 87.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Graphite and Carbon
87.0%
1,648 Cr116 Cr—
Others
13.1%
249 Cr85 Cr—

What we see

Positives
  • ✓405% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales793 Cr690 Cr720 Cr728 Cr643 Cr523 Cr666 Cr665 Cr729 Cr642 Cr816 Cr842 Cr
Operating expenses (approx.)823 Cr703 Cr729 Cr615 Cr533 Cr531 Cr627 Cr622 Cr686 Cr600 Cr955 Cr698 Cr
EBITDA-30 Cr-13 Cr-9 Cr113 Cr110 Cr-8 Cr39 Cr43 Cr43 Cr42 Cr-139 Cr144 Cr
OPM %-3.8%-1.9%-1.3%15.5%17.1%-1.5%5.9%6.5%5.9%6.5%-17.0%17.1%
Other income91 Cr63 Cr72 Cr194 Cr168 Cr19 Cr57 Cr150 Cr89 Cr108 Cr39 Cr97 Cr
Interest4 Cr4 Cr3 Cr3 Cr4 Cr2 Cr2 Cr2 Cr3 Cr2 Cr18 Cr4 Cr
Depreciation19 Cr21 Cr22 Cr20 Cr22 Cr23 Cr25 Cr24 Cr24 Cr24 Cr23 Cr23 Cr
Profit before tax992 Cr25 Cr38 Cr284 Cr252 Cr-14 Cr69 Cr167 Cr105 Cr97 Cr-125 Cr214 Cr
Tax %19.2%32.0%55.3%16.9%23.0%-50.0%29.0%20.4%27.6%30.9%16.0%20.1%
Net profit802 Cr17 Cr17 Cr236 Cr194 Cr-21 Cr49 Cr133 Cr76 Cr67 Cr-105 Cr171 Cr
EPS (₹)₹41.13₹0.99₹0.85₹12.11₹10.00₹-1.03₹2.57₹6.87₹3.91₹3.50₹-5.31₹8.82

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,554 Cr3,291 Cr7,858 Cr3,094 Cr1,958 Cr3,026 Cr3,181 Cr2,950 Cr2,560 Cr2,852 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,514 Cr1,847 Cr2,835 Cr3,173 Cr2,163 Cr2,551 Cr2,869 Cr3,093 Cr2,306 Cr2,651 CrSign in free for the trailing twelve months
EBITDA40 Cr1,444 Cr5,023 Cr-79 Cr-205 Cr475 Cr312 Cr-143 Cr254 Cr201 CrSign in free for the trailing twelve months
OPM %2.5%43.9%63.9%-2.6%-10.5%15.7%9.8%-4.8%9.9%7.0%Sign in free for the trailing twelve months
Other income86 Cr89 Cr210 Cr174 Cr316 Cr294 Cr133 Cr304 Cr438 Cr174 CrSign in free for the trailing twelve months
Interest8 Cr8 Cr12 Cr18 Cr6 Cr5 Cr13 Cr17 Cr11 Cr25 CrSign in free for the trailing twelve months
Depreciation46 Cr52 Cr62 Cr51 Cr52 Cr55 Cr57 Cr80 Cr90 Cr95 CrSign in free for the trailing twelve months
Profit before tax72 Cr1,473 Cr5,101 Cr19 Cr43 Cr693 Cr322 Cr1,018 Cr591 Cr244 CrSign in free for the trailing twelve months
Tax %1.8%29.9%33.4%-136.8%174.4%27.1%38.2%20.8%22.5%29.9%Sign in free for the trailing twelve months
Net profit70 Cr1,032 Cr3,396 Cr45 Cr-32 Cr505 Cr199 Cr806 Cr458 Cr171 CrSign in free for the trailing twelve months
EPS (₹)₹3.61₹52.81₹175.39₹2.30₹-1.64₹25.82₹10.19₹41.41₹23.65₹8.97Sign in free for the trailing twelve months
Dividend payout %—————19.4%98.0%20.6%46.9%125.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr39 Cr
Reserves1,818 Cr2,693 Cr5,312 Cr4,515 Cr4,502 Cr4,908 Cr4,926 Cr5,573 Cr5,827 Cr5,820 Cr
Borrowings259 Cr272 Cr359 Cr416 Cr223 Cr428 Cr425 Cr177 Cr172 Cr367 Cr
Other liabilities446 Cr776 Cr1,196 Cr613 Cr766 Cr924 Cr1,120 Cr1,003 Cr1,192 Cr1,357 Cr
Total liabilities2,563 Cr3,780 Cr6,906 Cr5,583 Cr5,530 Cr6,299 Cr6,511 Cr6,796 Cr7,231 Cr7,580 Cr
Fixed assets (net)666 Cr700 Cr662 Cr633 Cr639 Cr621 Cr721 Cr880 Cr1,024 Cr1,074 Cr
CWIP32 Cr8 Cr17 Cr35 Cr79 Cr142 Cr126 Cr146 Cr65 Cr61 Cr
Investments631 Cr1,208 Cr2,590 Cr2,067 Cr2,804 Cr2,494 Cr2,322 Cr3,569 Cr4,024 Cr4,063 Cr
Loans & advances——4 Cr5 Cr2 Cr1 Cr1 Cr1 Cr8 Cr1 Cr
Inventories602 Cr786 Cr2,160 Cr1,565 Cr1,016 Cr1,713 Cr2,328 Cr1,354 Cr1,186 Cr1,188 Cr
Trade receivables441 Cr824 Cr858 Cr402 Cr340 Cr540 Cr546 Cr522 Cr468 Cr667 Cr
Cash & bank11 Cr41 Cr400 Cr364 Cr230 Cr68 Cr23 Cr37 Cr109 Cr22 Cr
Other assets180 Cr214 Cr215 Cr512 Cr420 Cr720 Cr444 Cr287 Cr347 Cr504 Cr
Total assets2,563 Cr3,780 Cr6,906 Cr5,583 Cr5,530 Cr6,299 Cr6,511 Cr6,796 Cr7,231 Cr7,580 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity260 Cr760 Cr2,323 Cr253 Cr584 Cr-489 Cr-161 Cr682 Cr500 Cr82 Cr
Cash from investing-225 Cr-554 Cr-1,271 Cr526 Cr-534 Cr221 Cr329 Cr-240 Cr-202 Cr-123 Cr
Cash from financing-39 Cr-179 Cr-676 Cr-839 Cr-199 Cr105 Cr-212 Cr-428 Cr-226 Cr-47 Cr
Net cash flow-5 Cr29 Cr360 Cr-37 Cr-134 Cr-162 Cr-45 Cr14 Cr72 Cr-87 Cr
Free cash flow (OCF − Capex)172 Cr701 Cr2,284 Cr204 Cr507 Cr-581 Cr-331 Cr422 Cr332 Cr-169 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.8%49.3%89.5%0.7%1.0%13.0%6.2%17.9%10.0%4.3%
ROE %3.8%37.8%63.5%1.0%-0.7%10.2%4.0%14.4%7.9%3.0%
Debtor days103914047636562656785
Inventory days397380344279449438463346408375
Days payable143199103010211460419194
Cash conversion cycle357272281326410388465369383367
OCF / EBITDA %n.m.52.6%46.2%——-102.9%-51.6%—196.9%40.8%
OCF / EBITDA % (3 years)——51.4%52.2%66.7%n.m.-11.3%5.0%241.4%405.1%
Debt / equity0.140.100.070.090.050.090.090.030.030.06
Current ratio2.872.973.894.484.323.663.224.564.303.22
Net debt / EBITDA6.27—-0.0082——0.761.29—0.251.72