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Swing Capital

Graphite India Ltd

NSE: GRAPHITE BSE: 509488

Graphite India Ltd is mainly engaged in the business of manufacturing and selling of graphite & carbon and other products.[1]

₹761
52W: ₹486 — ₹802
PE 35.4 · Book ₹287 · +165% vs book
Market Cap₹14,868 Cr
Stock P/E35.4Price to Earnings
ROCE10.3%Return on Capital
ROE8.26%Return on Equity
Div. Yield1.4%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 39.9%
  • +Company's working capital requirements have reduced from 138 days to 87.2 days

Weaknesses

  • −Stock is trading at 2.74 times its book value
  • −The company has delivered a poor sales growth of -3.39% over past five years.
  • −Company has a low return on equity of 6.04% over last 3 years.
  • −Earnings include an other income of Rs.371 Cr.

Shareholding Pattern

Promoters65.34%
FIIs6.7%
DIIs10.49%
Public17.48%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.34%65.34%65.34%65.34%65.34%65.34%65.34%65.34%
FIIs4.39%4.59%▲0.25.06%▲0.55.46%▲0.44.99%▼0.56.6%▲1.66.43%▼0.26.7%▲0.3
DIIs11.39%10%▼1.49.93%▼0.110.51%▲0.610.09%▼0.49.58%▼0.510.02%▲0.410.49%▲0.5
Public18.88%20.08%▲1.219.67%▼0.418.69%▼1.019.58%▲0.918.47%▼1.118.2%▼0.317.48%▼0.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales786682706672586517645643710643
Expenses801658713597497500595589657568
Operating Profit-1524-775891750545375
OPM %-2%4%-1%11%15%3%8%8%7%12%
Net Profit815503420518236214592100
EPS ₹41.712.561.7410.499.320.153.177.424.715.12

AI Insights

Revenue Trend

TTM revenue at ₹2,641Cr, up 9.1% YoY. OPM at 9%.

Debt Position

Borrowings at ₹163Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.

Capex Cycle

CWIP at ₹100Cr (11% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 10.49% (+1.98pp change). FIIs: 6.7% (+2.65pp change). Promoters hold 65.34%.

Margin & Efficiency

ROCE declining from 11% (Mar 2014) to 10% (Mar 2025). Working capital days: 87.

Valuation

PE 35.4x with 10.3% ROCE. Price is 165% above book value of ₹287. Dividend yield: 1.4%.

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