Graphite India Limited
NSE: GRAPHITE | BSE: 509488 | Sector: Industrials – Electrodes & Refractories | Mid-Cap
Business Overview
Graphite India Limited is one of the world’s leading manufacturers of graphite electrodes and specialty carbon/graphite products, part of the Emerald group (formerly the K.K. Bangur promoter group). The company also manufactures calcined petroleum coke, GRP pipes, alloy/HSS steel, and generates renewable power for captive and merchant use. Its core electrode business serves the global electric-arc-furnace steel industry, making revenue and margins highly cyclical and closely linked to global electrode and needle-coke prices. The company holds a large investment book that generates sizeable non-operating income, cushioning reported profitability even when core operations are weak. Promoter holding stands at 65.34%. Screener flags the company for poor 5-year sales growth (7.81%) and a low 3-year average ROE (4.12%), though it remains almost debt-free with a healthy dividend payout of 50%. It reported FY26 (Mar 2026) revenue of around ₹2,852 Cr, with volatile quarter-to-quarter operating profitability. TTM (trailing twelve month) PAT stands at 209 Cr, materially aided by 322 Cr of other income from the investment portfolio. The stock is part of the BSE 500 and Nifty Smallcap 250 indices.
Financial Summary
Technical Snapshot
Graphite India has been in a strong uptrend over the past year, rallying nearly 39% and now trading in the upper half of its 52-week range after bouncing off the ₹516 low. The stock is currently trading around 737, roughly 8% below its 52-week high of 802, and has held up well above its near-term support cluster of 680–700. Price structure suggests the stock is consolidating just under its highs, and a move towards the first target of ₹780. A sustained breakout above ₹802 (the 52-week high) could open the way towards ₹830–850 levels. These targets are projected over a 3–4 week horizon.
