NSE: GRAPHITE | BSE: 509488

Strong Performer, Getting Expensive

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569.45 -0.45 (-0.08%)

55.69% Gain from 52W Low

599.0K NSE+BSE Volume

NSE 22 Sep, 2025 3:31 PM (IST)

11,125.7

Market Cap

Market Leader

1.4

Beta 1Year

Very High Volatility

Acquisition

Graphite India acquires a 6.8% stake in US-based graphite electrode maker Graftech for Rs 168.1 cr See details

Graphite India Ltd. share price target and research reports

Name: Latest research reports of Graphite India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Graphite India Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for GRAPHITE, BSE:509488 Graphite India Ltd.

Graphite India Ltd.

07 Jul 2017

569.45

-0.08%

Graphite Electrodes

Buy: Graphite India Ltd.

Recommendation Target

ICICI Securities Limited

The EAF steel production (ex-China) reported an increase of ~3% YoY (whereas global crude steel production reported a tepid growth of 0.6% YoY). The electric arc furnace, on an...

Graphite India Ltd. is trading above all available SMAs

Graphite India Ltd.

22 May 2017, 12:00AM

569.45

-0.08%

Graphite India Ltd

Hold: Graphite India Ltd.

Target

ICICI Securities Limited

Graphite India reported healthy utilisation level for Q4FY17 (89% in Q4FY17 compared to capacity utilisation of 85% in Q3FY17, 70% in Q4FY16). Demand for graphite electrodes has started picking up after the inventory correction at the customers' end, auguring well for the company. Going forward, on a standalone, basis we have modelled capacity utilisation of 85% for FY18E and 88% for FY19E. On a consolidated basis, we have modelled capacity utilisation of 80% for FY18E and 85% for FY19E (the management has guided capacity...

Graphite India Ltd. is trading above all available SMAs

Graphite India Ltd.

08 Mar 2017

569.45

-0.08%

Graphite India Ltd - On An Upswing

Buy: Graphite India Ltd.

Edelweiss

Graphite India (GI), the world?s 3rd largest manufacturer of Graphite Electrode, is set to benefit from the upswing in steel production owing to the Electric Arc Furnace(EAF) route,...

Graphite India Ltd. is trading above all available SMAs

Graphite India Ltd.

16 Feb 2017

569.45

-0.08%

Graphite India Ltd

Hold: Graphite India Ltd.

Target

ICICI Securities Limited

Gross income from operations were at | 358.7 crore. After adjusting for excise duty, net operating income was at | 337.6 crore (down 5.3% YoY but up 5.6% QoQ), broadly in line with our estimate of | 344.3 crore. Capacity utilisation for Q3 was at 85%, higher than our estimate of 80% (capacity utilisation of 75% in Q2FY17, 56% in Q3FY16) EBITDA came in at | 36.4 crore (down 14.8% YoY, but up 158% QoQ) higher than our estimate of | 21.1 crore. EBITDA margins came in at 10.8% (our estimate: 6.1%, Q2FY17: 4.4% and Q3FY16: 12.0%)...

Graphite India Ltd. is trading above all available SMAs

Graphite India Ltd.

02 Dec 2016

569.45

-0.08%

Graphite India Ltd

Hold: Graphite India Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Graphite India reported a mixed set of Q2FY17 numbers wherein on the back of better-than-expected capacity utilisation levels, topline and EBITDA came in higher than our estimate. However, the EBITDA margin came in lower than our estimate. Better-than-expected other income supported PAT for the period Capacity utilisation was at 75%, higher than our estimate of 65% (capacity utilisation of 63% in Q2FY16 and 68% in Q1FY17). Gross...

Graphite India Ltd. has gained 22.69% in the last 6 Months

Graphite India Ltd.

11 Aug 2016

569.45

-0.08%

Graphite India Ltd

Hold: Graphite India Ltd.

Target

ICICI Securities Limited

Graphite India reported a subdued set of Q1FY17 numbers wherein EBITDA and PAT came in notably lower than our estimate. The muted performance during the quarter was on account of lowerthan-expected realisations across markets • Capacity utilisation was at 68%, marginally higher than our estimate of 65% (capacity utilisation of 69% in Q1FY16 and 70% in Q4FY16). Gross income from operations for the quarter came in at | 295.4 crore. After adjusting for excise duty net operating income was at | 275.2 crore (down 14.7% YoY, 21.2% QoQ), lower than our estimate of | 284.9 crore. ICICI Securities Limited value the company at 6.6x FY18E EV/EBITDA. They arrive at a target price of | 75 and assign a HOLD rating to the stock.

Graphite India Ltd. is trading above all available SMAs

Graphite India Ltd.

13 May 2016

569.45

-0.08%

Graphite India Ltd

Hold: Graphite India Ltd.

ICICI Securities Limited

Topline for the quarter came in at | 349.3 crore (down 16.0% YoY, 2.1% QoQ and broadly in line with our estimate of | 339.8 crore). Standalone capacity utilisation for Q4FY16 stood at ~70% (~76% for...

Graphite India Ltd. is trading above all available SMAs

Graphite India Ltd.

28 Jan 2016

569.45

-0.08%

Graphite India Ltd

Hold: Graphite India Ltd.

ICICI Securities Limited

Graphite India Ltd. has gained 22.69% in the last 6 Months

Graphite India Ltd.

30 Apr 2012

569.45

-0.08%

Graphite India Ltd.

Buy: Graphite India Ltd.

Ashika Research

Graphite India is the largest Indian producer of graphite electrodes and one of the largest globally, by total capacity. Its manufacturing capacity of approximately 78,000 MTPA is spread over four plants in India and Germany....

Graphite India Ltd. is trading above all available SMAs

Is Graphite India Ltd. worth buying?

2205 Votes:

Buy 82.13%

Sell 9.8%

Hold 8.07%