Share prices of a prominent figure in the graphite and carbon industries, Graphite India Ltd., has recently been going up and investors are curious about the company’s future because of its slow growth in revenue and earnings over the years.
Some investors are confused about whether Graphite India’s stock price will continue going up, at the current pace or not.
In this article, we’ll examine if Graphite India Ltd. can cross the coveted 1000INR threshold by 2025 by examining its share price projection for the years 2024 to 2030.
To find out if this is a decent stock to buy, continue reading!
About Graphite India Ltd
Graphite India Limited (GIL) is a leading manufacturer in the graphite and carbon industry with over 50 years of experience, having started its journey in 1967 in collaboration with the Great Lakes Carbon Corporation of the USA. With a focus on production, operation, commercial aspects, innovation, and team spirit, GIL has consistently improved its product quality and services.
The company boasts manufacturing facilities across six plants in India and a wholly-owned subsidiary in Nuremberg, Germany.
As India’s largest electrode manufacturer, GIL has an impressive electrode capacity of 98,000 tons per annum, has delivered 200 projects, and has been recognized with 25 awards for its excellence.
It is a small-cap company with a market cap of Rs. 12,815 Crore as of 3rd April 2024.
What kind of business is Graphite India in?
Graphite India Limited (GIL) is in the business of manufacturing Graphite Electrodes as well as Carbon and Graphite Speciality products. They also produce Impervious Graphite Equipment, Speciality Products, Carbon Products, Glass Reinforced Plastic Pipes, and High Speed & Alloy Tool Steel.
GIL is a pioneer in India for the manufacture of these products and has established itself as a significant player in the graphite and carbon industry.
| When | Maximum Price | Minimum Price |
| April 2024 | 708.48 | 616.07 |
| May 2024 | 698.01 | 606.97 |
| June 2024 | 723.14 | 628.82 |
| July 2024 | 715.91 | 622.53 |
| August 2024 | 744.54 | 647.43 |
| September 2024 | 774.32 | 673.33 |
| October 2024 | 759.14 | 660.12 |
| November 2024 | 781.92 | 679.93 |
| December 2024 | 801.46 | 696.93 |
In 2024, Graphite India’s share price is projected to experience fluctuations. The maximum prices range from ₹708.48 in April to ₹801.46 in December, while minimum prices vary from ₹616.07 to ₹696.93 during the same period. Despite volatility, the company maintains a substantial market cap of ₹12,815 Cr.
The current share price stands at ₹656 as of April 3rd, 2024, with a high/low range of ₹659/262. The stock’s P/E ratio is 274, and its book value is ₹285.
| When | Maximum Price | Minimum Price |
| January 2025 | 817.49 | 628.84 |
| February 2025 | 838.45 | 644.97 |
| March 2025 | 871.15 | 670.12 |
| April 2025 | 854.07 | 656.98 |
| May 2025 | 829.20 | 637.84 |
| June 2025 | 866.51 | 666.55 |
| July 2025 | 849.52 | 653.48 |
| August 2025 | 875.79 | 673.69 |
| September 2025 | 906.45 | 697.27 |
| October 2025 | 930.01 | 715.40 |
| November 2025 | 953.27 | 733.28 |
| December 2025 | 977.10 | 751.61 |
In 2025, Graphite India’s share price is expected to show a consistent upward trend, with maximum prices ranging from ₹817.49 in January to ₹977.10 in December. Minimum prices are also projected to increase steadily, indicating positive growth prospects for the company.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,006.41 | 774.16 |
| February 2026 | 1,032.22 | 794.01 |
| March 2026 | 1,072.47 | 824.98 |
| April 2026 | 1,051.44 | 808.80 |
| May 2026 | 1,020.82 | 785.24 |
| June 2026 | 1,066.75 | 820.58 |
| July 2026 | 1,045.84 | 804.49 |
| August 2026 | 1,078.18 | 829.37 |
| September 2026 | 1,115.92 | 858.40 |
| October 2026 | 1,144.93 | 880.72 |
| November 2026 | 1,173.56 | 902.74 |
| December 2026 | 1,202.90 | 925.30 |
In 2026, Graphite India’s share price is anticipated to continue its upward trajectory, with maximum prices reaching ₹1,202.90 in December and minimum prices steadily rising. This trend suggests sustained growth and positive outlook for the company.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,226.95 | 943.81 |
| February 2027 | 1,258.41 | 968.01 |
| March 2027 | 1,307.49 | 1,005.76 |
| April 2027 | 1,281.86 | 986.04 |
| May 2027 | 1,244.52 | 957.32 |
| June 2027 | 1,300.52 | 1,000.40 |
| July 2027 | 1,275.02 | 980.79 |
| August 2027 | 1,314.46 | 1,011.12 |
| September 2027 | 1,360.46 | 1,046.51 |
| October 2027 | 1,395.83 | 1,073.72 |
| November 2027 | 1,430.73 | 1,100.56 |
| December 2027 | 1,466.50 | 1,128.08 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,495.83 | 1,150.64 |
| February 2028 | 1,534.18 | 1,180.14 |
| March 2028 | 1,594.02 | 1,226.17 |
| April 2028 | 1,562.76 | 1,202.12 |
| May 2028 | 1,517.24 | 1,167.11 |
| June 2028 | 1,585.52 | 1,219.63 |
| July 2028 | 1,554.43 | 1,195.72 |
| August 2028 | 1,602.51 | 1,232.70 |
| September 2028 | 1,658.59 | 1,275.84 |
| October 2028 | 1,701.72 | 1,309.01 |
| November 2028 | 1,744.26 | 1,341.74 |
| December 2028 | 1,787.87 | 1,375.28 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,823.62 | 1,402.79 |
| February 2029 | 1,870.38 | 1,438.76 |
| March 2029 | 1,943.33 | 1,494.87 |
| April 2029 | 1,905.22 | 1,465.56 |
| May 2029 | 1,849.73 | 1,422.87 |
| June 2029 | 1,932.97 | 1,486.90 |
| July 2029 | 1,895.07 | 1,457.75 |
| August 2029 | 1,953.68 | 1,502.83 |
| September 2029 | 2,022.06 | 1,555.43 |
| October 2029 | 2,074.63 | 1,595.87 |
| November 2029 | 2,126.50 | 1,635.77 |
| December 2029 | 2,179.66 | 1,676.66 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,223.25 | 1,710.20 |
| February 2030 | 2,280.26 | 1,754.05 |
| March 2030 | 2,369.19 | 1,822.45 |
| April 2030 | 2,322.74 | 1,786.72 |
| May 2030 | 2,255.08 | 1,734.68 |
| June 2030 | 2,356.56 | 1,812.74 |
| July 2030 | 2,310.35 | 1,777.20 |
| August 2030 | 2,381.81 | 1,832.16 |
| September 2030 | 2,465.17 | 1,896.29 |
| October 2030 | 2,529.27 | 1,945.59 |
| November 2030 | 2,592.50 | 1,994.23 |
| December 2030 | 2,657.31 | 2,044.09 |
Financial Condition of Graphite India Ltd: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 7,858 | 3,094 | 1,958 | 3,027 | 3,181 |
| Expenses (Rs. Crores) | 2,838 | 3,180 | 2,173 | 2,568 | 2,869 |
| Operating Profit (Rs. Crores) | 5,020 | -86 | -215 | 458 | 312 |
| Other Income (Rs. Crores) | 155 | 174 | 316 | 294 | 80 |
| Interest (Rs. Crores) | 12 | 18 | 6 | 5 | 13 |
| Depreciation (Rs. Crores) | 62 | 51 | 52 | 55 | 57 |
| Profit before tax (Rs. Crores) | 5,101 | 19 | 43 | 693 | 322 |
| Net Profit (Rs. Crores) | 3,396 | 45 | -32 | 505 | 199 |
| EPS (Rs.) | 173.80 | 2.30 | -1.64 | 25.83 | 10.20 |
| Dividend Payout % | 32% | 87% | -305% | 39% | 83% |
Over the last five years, Graphite India Ltd has shown fluctuations in its financial performance. While sales experienced variations, the company faced challenges with negative profits in 2021, yet rebounded with positive growth in subsequent years.
FAQS
According to some analysts, Graphite India Ltd’s share price target for 2024-2030 is expected to range from ₹616.07 to ₹2,657.31.
It is difficult to predict whether Graphite India Ltd’s share price can reach ₹1000 by 2025 as it depends on various factors such as market conditions, company performance, and global economic trends.
Factors that can influence Graphite India Ltd’s share price include the company’s financial performance, market demand for graphite electrodes, global economic trends, and government policies.
How has Graphite India Ltd’s revenue growth been in the last few years?
Graphite India Ltd’s revenue growth has been fluctuating in the last few years, with a high of ₹7,857.90 in 2019 and a low of ₹1,957.62 in 2021.
How has Graphite India Ltd’s profit growth been in the last few years?
Graphite India Ltd’s profit growth has also been volatile in the last few years, with a high of ₹3,395.58 in 2019 and a low of -₹32.08 in 2021.
What is Graphite India Ltd’s dividend payout ratio?
Graphite India Ltd’s dividend payout ratio has ranged from 31.65% to 86.92% in the last five years.
What is Graphite India Ltd’s operating profit margin (OPM)?
Graphite India Ltd’s operating profit margin (OPM) has ranged from 0% to 63.89% in the last five years.
It is always advisable to consult a financial expert before making any investment decisions. However, based on the company’s financial performance and industry demand, Graphite India Ltd’s shares can be a good option for long-term gains.
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What I do not like about Graphite India?
- Over the past five years, Graphite India has experienced a decline in sales growth, registering at -0.53%.
- The company’s return on equity has been modest, standing at 4.94% over the last three years.
- The earnings report includes an additional income of Rs.174 Cr, which may not be from core operations.
Conclusion: Should You Invest in Graphite India Ltd in 2024?
In summary, Graphite Ltd. has not reached its peak sales since March 2019, and we have already passed 4 years.
Sales, as well as profit, have dropped drastically.
Though Graphite India’s price target shows growth, it should be taken as buying advice.
I would be staying away from Graphite India till it reverses the negative growth and starts posting better results.
What did we learn?
- 1 About Graphite India Ltd
- 2 What kind of business is Graphite India in?
- 3 How to purchase Graphite India Ltd shares?
- 4 Graphite India Ltd Share Price Prediction: 2024 to 2030
- 5 Financial Condition of Graphite India Ltd: Last 5 years
- 6 FAQS
- 6.1 What is Graphite India Ltd’s share price target for 2024-2030?
- 6.2 Can Graphite India Ltd’s share price reach ₹1000 by 2025?
- 6.3 What factors can influence Graphite India Ltd’s share price?
- 6.4 How has Graphite India Ltd’s revenue growth been in the last few years?
- 6.5 How has Graphite India Ltd’s profit growth been in the last few years?
- 6.6 What is Graphite India Ltd’s dividend payout ratio?
- 6.7 What is Graphite India Ltd’s operating profit margin (OPM)?
- 6.8 Is investing in Graphite India Ltd’s shares a good option for long-term gains?
- 7 What I do not like about Graphite India?
- 8 Conclusion: Should You Invest in Graphite India Ltd in 2024?
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