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Manufacturer of graphite electrodes used in electric-arc-furnace steelmaking, with global production facilities.
Manufacturer of graphite electrodes used in electric-arc-furnace steelmaking, with global production facilities.
Electrodes burn away as they melt scrap in electric furnaces, so they are bought again continuously and volume follows furnace steel output. Price follows global electrode supply and the cost of needle coke, a specialised petroleum-based raw material. The Bangur family controls the company.
In one line: India's GrafTech equivalent for graphite electrodes.
Moat: narrow (scale, process know-how). One of few global graphite-electrode makers, but a highly cyclical, commodity-priced product.
Headquarters: Kolkata, India · Founded: 1967 · Employees: 3,390
Size Graphite India (GRAPHITE.NS) is an India Materials company (Industrial Specialties) with a market value of $1.50B, the 467th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹726.60 on 6 Nov 2026.
Performance Over six months the shares fell 0.3%, against -14.0% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 22.2% over the last twelve months (peer median +10.4%); the operating margin is 8.8% (peer median 10.5%).
Valuation It trades at 21.8× forward earnings against a peer median of 15.6× (8th most expensive of 18).
Capital Return on invested capital runs 10.9 points below its cost of capital (17.5% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹31.6B | ₹28.7B | ₹24.8B | ₹29.3B | ₹31.6B |
| Revenue growth | — | +16% | -15% | -7% | — |
| Gross profit | ₹6.66B | ₹3.90B | ₹3.02B | -₹537M | ₹4.72B |
| EBITDA | ₹3.72B | ₹2.31B | ₹1.86B | -₹1.59B | ₹3.02B |
| Net income | ₹2.32B | ₹1.75B | ₹4.62B | ₹8.08B | ₹1.99B |
| Free cash flow | n/a | -₹395M | ₹3.89B | ₹4.49B | -₹2.76B |
| Capital expenditure | n/a | ₹2.52B | ₹1.67B | ₹2.60B | ₹1.70B |
| Total debt | ₹2.74B | ₹3.68B | ₹1.73B | ₹1.77B | ₹4.32B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Graphite India GRAPHITE.NS | $1.50B | 0% | +22% | 9% | 21.8× | n/a |
| GrafTech International EAF | n/a | +3% | n/a | n/a | n/a | n/a |
| HEG HEG.NS | n/a | +27% | n/a | n/a | n/a | n/a |
| Resonac 4004.T | $12.6B | -26% | +1% | 8% | 18.0× | 26.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRAPHITE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.9% | -11.8% | 11th highest of 21 |
| 6-month return | -0.3% | -14.0% | 6th highest of 21 |
| Distance from 52-week high | -16.9% | -35.4% | 4th highest of 21 |
| Revenue growth (TTM) | +22.2% | +10.4% | 6th highest of 21 |
| Operating margin | 8.8% | 10.5% | 8th lowest of 21 |
| Forward P/E | 21.8× | 15.6× | 8th most expensive of 18 |
| ROIC minus cost of capital | -10.9 pp | +2.5 pp | lowest of 21 |
| EV / EBITDA | 30.6× | 8.3× | most expensive of 13 |
| Net debt / EBITDA | -7.6× | -0.8× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 9% | 21.8× | n/a | n/a |
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 23% | 14.0× | 5.0% | +10.4% |
| Suzhou Kingswood Education Technology 300192.SZ | China | $1.55B | +24% | -6% | 12% | 59.3× | 44.2% | -2.3% |
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | -50% | n/a | 40.2% | -6.1% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 16% | 21.1× | 9.6% | +12.5% |
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 11% | 22.1× | 10.1% | +11.1% |
| Kunshan Dongwei Technology 688700.SS | China | $1.64B | -40% | +56% | 13% | 34.2× | 23.1% | +14.5% |
| Kansai Nerolac Paints KANSAINER.NS | India | $1.67B | -7% | +10% | 9% | 22.1× | 22.1% | +9.7% |
| Aica Kogyo 4206.T | Japan | $1.68B | +19% | +5% | 12% | 12.6× | -7.0% | +7.6% |
| JSW Dulux JSWDULUX.NS | India | $1.31B | +3% | -5% | 11% | 30.9× | n/a | n/a |
| Explosive 002096.SZ | China | $1.74B | -14% | -3% | 9% | 12.8× | -2.5% | +37.7% |
| Solar Applied Materials Technology 1785.TWO | Taiwan | $1.30B | -55% | +54% | 10% | n/a | -0.2% | +8.1% |
| Triumph Science & Technology 600552.SS | China | $1.76B | -20% | +12% | 5% | 65.5× | 21.3% | +3.1% |
| Fujimi 5384.T | Japan | $1.28B | -18% | +13% | 21% | 15.6× | n/a | n/a |
| Zhejiang Runtu 002440.SZ | China | $1.77B | -1% | +23% | 17% | 8.5× | -5.5% | +2.0% |
| Nihon Parkerizing 4095.T | Japan | $1.26B | +16% | +5% | 12% | n/a | -1.6% | +6.7% |
| artience 4634.T | Japan | $1.25B | +18% | +7% | 6% | 9.3× | -3.9% | +6.3% |
| Sinosteel Engineering & Technology 000928.SZ | China | $1.22B | -13% | +4% | 5% | 11.9× | -15.6% | -1.3% |
| Gansu Energy Chemical 000552.SZ | China | $1.86B | -19% | +11% | 3% | 33.4× | n/a | n/a |
| Lintec 7966.T | Japan | $1.87B | -14% | +3% | 8% | 12.2× | 1.5% | +6.2% |
| KCC 002380.KS | South Korea | $1.91B | -34% | 0% | 6% | 2.1× | 3.8% | +5.0% |