GRAPHITE
Graphite India share price & financials
- Price
- ₹644.65
- Market cap
- ₹16.1k Cr
- Sector
- Capital Goods
What Graphite India Limited does
Graphite India manufactures graphite electrodes used as a consumable in electric arc furnace (EAF) steelmaking, with a focus on higher-margin, large-diameter ultra-high-power (UHP) electrodes. It also produces Calcined Petroleum Coke and Carbon/Electrode Paste (used as electrode-manufacturing inputs and in aluminium smelting) through its Barauni backward-integration plant, impervious graphite equipment for the chemical, pharmaceutical and fertilizer industries, and runs a separate Powmex Steels division making high-speed steel and alloy steel. The company also owns captive renewable power assets (hydro, wind, solar) that reduce its manufacturing power costs, and holds equity stakes in graphene-technology and battery-technology ventures as part of its diversification strategy.
Segments
- Graphite and Carbon
- Steel
- Others
- Market position
- Largest graphite electrode producer in India, one of the largest globally by total capacity
- Installed graphite electrode capacity
- 80,000 tonnes per annum
- Electrode manufacturing plants (India)
- 2 (Durgapur, West Bengal and Nashik, Maharashtra)
- Specialty graphite facility
- Nurnberg, Germany
- CPC / Carbon Paste plant
- Barauni, Bihar
- Powmex steel plant location
- Titilagarh, Odisha
Quarterly results
Q1 FY27: revenue up 26.6%, net profit up 28.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 643 | 523 | 666 | 665 | 729 +13% | 642 +23% | 816 +23% | 842 +27% |
| EBITDA | 110 | -8 | 39 | 43 | 43 −61% | 42 +625% | -139 −456% | 144 +235% |
| Net profit | 194 | -21 | 49 | 133 | 76 −61% | 67 +419% | -105 −314% | 171 +29% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +57.9% 1Y
1Y: ₹523 on 10 Sept 2025 → ₹825.8. High ₹844.65 (9 Sept 2026), low ₹522.15 (11 Sept 2025).
Financials, as filed
Revenue fell 3.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to -0.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.2k Cr | ₹3.0k Cr | ₹2.6k Cr | ₹2.9k Cr |
| Operating profit | ₹264 Cr | ₹-144 Cr | ₹254 Cr | ₹-11 Cr |
| Operating margin | 8.2% | -4.9% | 9.9% | -0.4% |
| Interest | ₹13 Cr | ₹17 Cr | ₹11 Cr | ₹25 Cr |
| Depreciation | ₹57 Cr | ₹80 Cr | ₹90 Cr | ₹95 Cr |
| Net profit | ₹198 Cr | ₹805 Cr | ₹458 Cr | ₹171 Cr |
| Net margin | 6.2% | 27.3% | 17.9% | 6.0% |
| Cash from operations | ₹-160 Cr | ₹680 Cr | ₹500 Cr | ₹83 Cr |
| Free cash flow | ₹-328 Cr | ₹1.4k Cr | ₹343 Cr | ₹-169 Cr |
| ROCE | 7.0% | 1.0% | 10.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹39 Cr | ₹39 Cr | ₹39 Cr | ₹39 Cr | ₹39 Cr | ₹39 Cr |
| Reserves | ₹4.5k Cr | ₹4.9k Cr | ₹4.9k Cr | ₹5.6k Cr | ₹5.8k Cr | ₹5.8k Cr |
| Borrowings | ₹225 Cr | ₹436 Cr | ₹432 Cr | ₹177 Cr | ₹269 Cr | ₹368 Cr |
| Other liabilities | ₹760 Cr | ₹915 Cr | ₹1.1k Cr | ₹1.0k Cr | ₹1.3k Cr | ₹1.4k Cr |
| Total liabilities | ₹5.5k Cr | ₹6.3k Cr | ₹6.5k Cr | ₹6.8k Cr | ₹7.5k Cr | ₹7.6k Cr |
| Fixed assets | ₹640 Cr | ₹691 Cr | ₹789 Cr | ₹948 Cr | ₹1.1k Cr | ₹1.2k Cr |
| Capital work in progress | ₹80 Cr | ₹142 Cr | ₹127 Cr | ₹145 Cr | ₹99 Cr | ₹61 Cr |
| Investments | ₹2.8k Cr | ₹2.5k Cr | ₹2.3k Cr | ₹3.6k Cr | ₹4.1k Cr | ₹4.1k Cr |
| Other assets | ₹2.0k Cr | ₹3.0k Cr | ₹3.3k Cr | ₹2.1k Cr | ₹2.2k Cr | ₹2.3k Cr |
| Total assets | ₹5.5k Cr | ₹6.3k Cr | ₹6.5k Cr | ₹6.8k Cr | ₹7.5k Cr | ₹7.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −1.21 pp while FIIs added +1.05 pp. The shareholder count shrank 13% to 1,96,575.
- Promoters
- 65.3%
- FIIs
- 6.0%
- DIIs
- 10.2%
- Government
- 0.0%
- Public
- 18.4%
Since Jun 2025
- Public −1.21 pp
- FIIs +1.05 pp
- DIIs +0.14 pp
How it drifted, 12 quarters
Over this window the public fell from 20.8% to 18.4% — −2.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.3%, FIIs 4.4%, DIIs 9.5%, Public 20.8%.Dec '23: Promoters 65.3%, FIIs 4.3%, DIIs 10.6%, Public 19.8%.Mar '24: Promoters 65.3%, FIIs 4.6%, DIIs 12.2%, Public 17.9%.Jun '24: Promoters 65.3%, FIIs 4.4%, DIIs 11.4%, Public 18.9%.Sep '24: Promoters 65.3%, FIIs 4.6%, DIIs 10.0%, Public 20.1%.Dec '24: Promoters 65.3%, FIIs 5.1%, DIIs 9.9%, Public 19.7%.Mar '25: Promoters 65.3%, FIIs 5.5%, DIIs 10.5%, Public 18.7%.Jun '25: Promoters 65.3%, FIIs 5.0%, DIIs 10.1%, Public 19.6%.Sep '25: Promoters 65.3%, FIIs 6.6%, DIIs 9.6%, Public 18.5%.Dec '25: Promoters 65.3%, FIIs 6.4%, DIIs 10.0%, Public 18.2%.Mar '26: Promoters 65.3%, FIIs 6.7%, DIIs 10.5%, Public 17.5%.Jun '26: Promoters 65.3%, FIIs 6.0%, DIIs 10.2%, Government 0.0%, Public 18.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Tata Mutual Fund- Tata Small Cap Fund Mutual fund +0.30 pp 3.43% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Graphite India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Emerald Company Private Limited | 61.33% | unchanged |
| Tata Mutual Fund- Tata Small Cap Fund Mutual fund | 3.43% | +0.30 pp |
| SBI Energy Opportunities Fund Mutual fund | 2.05% | unchanged |
| G K W Limited | 2.05% | unchanged |
| Emerald Matrix Holdings Pte ltd | 0.71% | unchanged |
| Shree Laxmi Agents Private Limited | 0.45% | unchanged |
| Carbo Ceramics Limited | 0.20% | unchanged |
| Manjushree Bangur | 0.13% | unchanged |
| Siddhant Bangur | 0.13% | unchanged |
| Mr Krishna Kumar Bangur (Trustee of Krishna Kumar Bangur Family Welfare Trust) | 0.10% | unchanged |
| Aparna Bangur | 0.10% | unchanged |
| Divya Bagri | 0.09% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in GRAPHITE
Filings to Aug 2026
0 new, 4 added, 3 trimmed, 0 sold out — net −9.67 L shares (−23.4%).
- Held by funds
- ₹223 Cr
- 7 schemes
- Biggest holder
- SBI Energy Opportunities Fund
- ₹171 Cr · 2.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Energy Opportunities Fund SBI Mutual Fund | ₹171 Cr | −3.68 L | Feb '24 |
| SBI Conservative Hybrid Fund SBI Mutual Fund | ₹39 Cr | −6.00 L | Aug '23 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹7 Cr | +0.01 L | Oct '20 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹4 Cr | +0.01 L | Oct '22 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 3 trimmed — net −9.67 L shares (−23.4%)
- Funds are sitting on
- +13%
- vs est. average cost
- Held by funds
- ₹223 Cr
- 7 schemes · ≈ 1.3% of the company
- Biggest holder
- SBI Energy Opportunities Fund
- ₹171 Cr · 2.0% of that fund
- Longest holder
- Nippon India Nifty Smallcap 250 Index Fund
- 5y 11m · since Oct '20
Shares held by these funds +208%
Aug '23 41.35 L shares Jul '26
Learn to analyse Graphite India Limited
Guides on how to read this kind of business and the numbers that matter.