Graphite India Ltd

About

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

  • Market Cap 11,743 Cr.
  • Current Price 601
  • High / Low 816 / 173
  • Stock P/E 59.9
  • Book Value 232
  • Dividend Yield 0.83 %
  • ROCE 0.96 %
  • ROE -0.67 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.44%

Cons

  • The company has delivered a poor sales growth of 5.02% over past five years.
  • Earnings include an other income of Rs.326.00 Cr.
  • Debtor days have increased from 50.22 to 63.32 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
2,345 1,855 1,693 967 882 643 602 409 485 499 565 610
705 773 831 673 743 1,133 631 542 565 576 490 476
Operating Profit 1,640 1,082 862 294 139 -490 -29 -133 -80 -77 75 134
OPM % 70% 58% 51% 30% 16% -76% -5% -33% -16% -15% 13% 22%
Other Income 44 66 15 57 51 43 23 68 50 142 56 78
Interest 3 3 4 5 5 4 4 2 2 1 1 1
Depreciation 13 13 23 13 13 12 13 13 13 12 14 14
Profit before tax 1,668 1,132 850 333 172 -463 -23 -80 -45 52 116 197
Tax % 33% 33% 34% 34% -8% 24% 70% 2% 9% 56% 45% 24%
Net Profit 1,113 764 562 220 185 -353 -7 -78 -41 23 64 150
EPS in Rs 56.97 39.10 28.77 11.26 9.47 -18.07 -0.36 -3.99 -2.10 1.18 3.28 7.68

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,346 1,444 1,912 1,949 2,009 1,711 1,532 1,468 3,266 7,858 3,094 1,958 2,159
949 1,135 1,589 1,677 1,759 1,574 1,398 1,428 1,821 2,838 3,180 2,173 2,107
Operating Profit 397 309 324 272 250 137 135 40 1,445 5,020 -86 -215 52
OPM % 29% 21% 17% 14% 12% 8% 9% 3% 44% 64% -3% -11% 2%
Other Income 31 22 41 38 45 29 49 86 88 155 174 316 326
Interest 14 9 19 31 24 16 9 8 8 12 18 6 5
Depreciation 50 49 49 62 58 44 49 46 52 62 51 52 53
Profit before tax 364 274 297 217 213 107 125 72 1,473 5,101 19 43 320
Tax % 35% 31% 28% 38% 39% 46% 34% 2% 30% 33% -134% 175%
Net Profit 235 189 212 134 130 58 83 70 1,032 3,396 45 -32 196
EPS in Rs 13.69 9.68 10.88 6.88 6.65 2.95 4.24 3.61 52.82 173.80 2.30 -1.64 10.04
Dividend Payout % 26% 36% 32% 51% 53% 68% 47% 55% 32% 32% 87% -305%
Compounded Sales Growth
10 Years:3%
5 Years:5%
3 Years:-16%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:177%
Stock Price CAGR
10 Years:23%
5 Years:51%
3 Years:-11%
1 Year:228%
Return on Equity
10 Years:20%
5 Years:26%
3 Years:25%
Last Year:-1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
34 39 39 39 39 39 39 39 39 39 39 39
Reserves 1,249 1,483 1,617 1,673 1,720 1,707 1,749 1,818 2,693 5,312 4,515 4,503
Borrowings 324 341 598 743 463 367 302 259 272 360 416 223
355 426 462 497 574 482 417 444 727 1,191 608 762
Total Liabilities 1,962 2,289 2,716 2,952 2,796 2,595 2,507 2,560 3,731 6,902 5,578 5,527
525 503 603 713 696 640 591 667 702 664 637 640
CWIP 20 95 127 3 3 10 65 32 8 17 35 80
Investments 187 225 250 265 385 369 475 631 1,208 2,590 2,067 2,804
1,230 1,465 1,736 1,972 1,712 1,576 1,375 1,230 1,813 3,631 2,839 2,003
Total Assets 1,962 2,289 2,716 2,952 2,796 2,595 2,507 2,560 3,731 6,902 5,578 5,527

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
254 20 -26 30 580 171 268 260 760 2,323 253 584
-102 -120 -133 -48 -113 4 -88 -226 -552 -1,287 549 -519
-249 67 129 15 -453 -173 -192 -39 -179 -676 -839 -199
Net Cash Flow -97 -32 -29 -2 14 1 -11 -5 29 360 -37 -134

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 79 86 87 97 86 92 113 110 92 40 48 63
Inventory Days 554 618 488 605 418 479 423 376 372 531 267 312
Days Payable 115 93 70 73 76 85 77 135 195 159 33 71
Cash Conversion Cycle 518 611 505 628 428 486 458 350 269 412 282 305
Working Capital Days 236 260 251 288 214 240 240 198 118 98 216 196
ROCE % 23% 17% 14% 10% 9% 5% 6% 4% 58% 119% 1% 1%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
65.22 65.22 65.22 65.22 65.22 65.22 65.26 65.34 65.34 65.34 65.34 65.34
8.31 8.32 7.08 7.65 9.46 10.00 8.96 8.40 6.83 5.64 7.67 10.28
8.12 8.35 7.73 5.16 4.26 4.35 4.31 4.33 4.81 6.79 7.12 6.07
18.35 18.11 19.98 21.98 21.07 20.44 21.46 21.92 23.02 22.23 19.87 18.31

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