Graphite India Ltd (GRAPHITE)
₹402.4
Key Stats
₹399
Day's Price Range
₹412
₹350
52-Week Price Range
₹672.2
| Returns | |
| 1 Month Return | -0.57 % |
| 3 Month Return | -12.96 % |
| 1 Year Return | -36.94 % |
Company Financials
Value in ₹ crore
Peer Comparsion
PE
Rank 100
15.76
EPS
Rank 62
₹25.82
BVPS
Rank 48
₹232.43
Dividend Yield
Rank 81
0.98%
ROE
Rank 228
5.09%
Price To Book Ratio
Rank 94
1.75
Debt To Asset
Rank 278
0.18
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Company Information
Graphite India Ltd is the pioneer in the manufacture of Graphite Electrode in India. The company is engaged in the production of Graphite Electrodes Other Miscellaneous Graphite Carbon Products and related Processing. The company also manufactures Glass Reinforced Plastic GRP Pipes and High Speed Steel and Alloy Steel. Power constitutes one of the major costs of Electrode production. For captive consumption the company has an installed capacity of 18 MW of power generation through Hydel route. The companys Graphite and Carbon Segment continues to be the main source of revenue and profit for the Company accounting for about 95 of the total revenue during the financial year ended 31 March 2018.The companys manufacturing facilities are located at Nasik in Maharashtra Durgapur in West Bengal Bangalore Mandya and Mysore in Karnataka and Barauni in Jharkhand.Graphite India Ltd operates in three segments namely Graphite and Carbon Power and Others. The Graphite and carbon segment engaged in the production of graphite electrodes anodes and other miscellaneous carbon and graphite products. The Power segment engaged in generation of power. The Other segment comprises of manufacturing of impervious graphite equipment and glassreinforced pipes.Graphite India Ltd formerly known as Carbon Corporation was incorporated in the year 1974. During the year 199394 Graphite Vicard India Ltd was amalgamated with the company with effect from January 1 1994. The name of the company was changed from Carbon Corporation Ltd to Carbon Everflow Ltd.During the year 200001 Graphite India Ltd was merged with the company with effect from April 1 2001 and the name of the company was changed from Carbon Everflow Ltd to Graphite India Ltd. During the year Carbon Investment Ltd a subsidiary company merged with the company. Also Graphite Holdings Ltd and Graphite Investments Ltd subsidiaries of the Graphite India Ltd were merged with the Carbon Enterprises Ltd.During the year 200304 the company received trial orders in overseas markets for 28 dia Electrodes. In September 2003 they commissioned the 1.5 MW Link Canal Project in Mandya District in Karnataka. Also the name of the subsidiary company was changed from Carbon Enterprises Ltd to Carbon Finance Ltd with effect from December 12 2003.During the year 200405 the company acquired two overseas subsidiaries namely Graphite International BV and Carbon International Holdings NV. These subsidiaries acquired the assets of Conradty group of Companies in liquidation through the step down subsidiaries. The company recommissioned the closed graphite electrode production processes during the year.During the year 200506 the expansion module of 20000 MT of Graphite Electrodes with the stateoftheart technology was fully commissioned and as a result of this the production capacity of Durgapur Plant has risen to 34000 MT from 14000 MT. In Nasik the new module of Graphite Tube Production Line facility and Flexible graphite continuous roll production line were commissioned.The company received the Top Exporter Award of Capexil for their export performance during the year200607 and Top Exporters award in the Large Enterprise category for the year 200506 of Eastern Region of EEPC. The company enjoys the status of a Three Star Export House.During the year 200708 the company entered into a longterm agreement with a power producer in the private sector to obtain power at lower cost as compared to the grid cost. In Speciality Graphite products a modern new machine shop has been set up in India to supply speciality products in a cost efficient structure to improve the synergy between the two operations.The company plans to increase their competitive edge through further investments in conventional and nonconventional routes of power generation. Also the company approved for the expansion of Graphite Electrode manufacturing capacity at the Durgapur Plant in West Bengal by 10500 MT at an estimated cost of Rs187.50 crore.Graphite Indias capital expenditure amounted to Rs. 33.01 crore for the financial year ended 31 March 2014 as against Rs. 40.95 crore in the previous year.The company had filed three appeals before the Karnataka State Appellate Authority AA at Bangalore against the order passed by the Karnataka Pollution Control Board KPCB refusing consent under the Air Prevention and Control of Pollution Act 1981 and Water Prevention and Control of Pollution Act 1974 and also directing closure of factory at Bangalore. In response to the said appeal an interim order was passed on 25 July 2012 by AA staying the orders passed by KPCB. The AA finally vide majority order dated 22 June 2013 set aside the impugned order of KPCB and the appeals were accordingly allowed. The complainants have filed appeal against the aforesaid order of AA before the National Green Tribunal South Zone at Chennai.Graphite Indias capital expenditure amounted to Rs. 31.66 crore for the financial year ended 31 March 2015 as against Rs. 33.01 crore in the previous year.Pursuant to the amalgamation of promoter group investment companies with Emerald Company Ltd. ECL also a promoter group company the equity shareholding of ECL in Graphite India exceeded 50 during the year. As such the company became a subsidiary of ECL.During the financial year ended 31 March 2016 Graphite Indias Powmex Steels Division PSD successfully developed special sections of squares and flats in M2 grade for the domestic market. The company incurred capital expenditure of Rs. 51.69 crore during the year as against Rs. 31.66 crore in the previous year. The company repaid / prepaid balance portion of External Commercial borrowing during the year.During the financial year ended 31 March 2017 the domestic order booking of Graphite Indias Impervious Graphite Equipment division increased by about 40 compared to last year. During the year under review the company manufactured the biggest phosphoric acid evaporators so far used for this application for an overseas customer. Graphite India incurred capital expenditure of Rs. 80.44 crore during the year as against Rs. 51.69 crore in the previous year.Graphite India recorded an impressive financial performance for the year ended 31 March 2018 primarily driven by higher sales price realization and sale volume. The performance of the companys German subsidiaries has turned around and shown sharp improvement during the year with recovery in electrode demand as well as prices during the year. The company incurred capital expenditure Rs. 50 crore during the year as against Rs. 84 crore in the previous year.
| Organisation | Graphite India Ltd |
| Headquarters | Kolkata |
| Industry | Capital Goods-Non Electrical Equipment |