Graphite India Limited (GRAPHITE) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Graphite India Limited ₹150, price ₹786, upside -80.9%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value ₹150.24 · Strongly overvalued (−80.9%)
!Quality 48/100
!Weak Growth(revenue 5y +8.7 %/yr)
!Thin margins · 7.0% net margin (TTM)
!Low debt · negative free cash flow
!0.9% dividend yield · Token dividend
!Trails peers(4/13)
!Narrow moat34/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹244.68 – ₹844.65 · fair‑value band ₹112.68 – ₹189.84 · the ₹786.15 price screens above the ₹150.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Graphite India Limited manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally. The company operates in three segments: Graphite and Carbon, Steel, and Others segments. It offers a range of graphite electrodes with various diameter and power for AC and DC furnaces.
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Graphite India Limited manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally. The company operates in three segments: Graphite and Carbon, Steel, and Others segments. It offers a range of graphite electrodes with various diameter and power for AC and DC furnaces. The company also provides extruded graphite in the form of rods and blocks, mini rods, graphite tubes, heat exchanger tubes, molded mold and isostatically molded graphite, machined components of carbon and graphite, carbon graphite/bricks, and carbon composites/brake discs. In addition, it offers calcined petroleum coke, carbon electrode paste, graphite granules and fines, and carbonaceous materials to aluminum, steel, ferro alloy, and foundry castings industries; and impervious graphite heat exchangers, which are used as condensers, coolers, heaters, re-boilers, evaporators, interchangers; and graphite columns for distillation, absorption and scrubbing; ejector systems; and centrifugal pumps. Further, the company provides HCl synthesis, dry HCl gas generation units, and H2SO4/HCl concentration and acid dilution cooling units; bursting/rupture discs, thermowells, pipes, and pipe fittings; glass fiber reinforced plastic pipes, joints, and fittings; and high speed, alloy tool, and powder metallurgy steels for cutting tools. Additionally, it generates and sells electricity through a hydel power plant with 18-megawatt capacity. The company serves manufacturing steel, cutting tool industry, chemicals, fertilizers, polymers, drug intermediaries, metal pressing, effluent treatment, and irrigation industries. The company was incorporated in 1974 and is headquartered in Kolkata, India. Graphite India Limited is a subsidiary of The Emerald Company Ltd.
Stock analysis
Graphite India Limited (GRAPHITE) currently trades at ₹786.15, while our model-based Fair Value estimate is ₹150.24, 80.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹200.92 per share, and 0 of the 17 models we run sit above the ₹786.15 price.
Bear case: the DCF Models group reads lowest at ₹24.46, and 17 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹112.68 (bear) to ₹189.84 (bull), the price of ₹786.15 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Graphite India Limited reported revenue of ₹29.0B in FY2026 versus ₹29.6B in FY2022, a compound −0.5%/yr. Reported net income was ₹1.8B in FY2026, compounding −23.3%/yr from FY2022.
Key figures
Market cap ₹153B (≈ $1.6B) · P/E ratio 72.1 · P/S ratio 4.35 · EPS (TTM) ₹10.90 · Dividend yield 0.9% · Net margin 6.0% · Return on equity 2.9% · Return on assets (EBIT) 2.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −81%, GRAPHITE screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹24.46 to ₹200.92). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹112.68Fair Value ₹150.24Bull ₹189.84
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.97 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+16.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.7%
Start year 2021 (pandemic). Over 10 years: +6.8% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−15.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.8%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−8.6% vs 9.5%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−14% → 5%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 543 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−80.9% · Bottom 25%
Profitability
Return on equity (TTM)2.9% · Below median
Return on assets0.9% · Below median
Net margin (TTM)7.0% · Above median
Operating margin (TTM)14.4% · Top 25%
Growth and dividend
Revenue growth26.6% · Above median
Dividend yield (TTM)0.9% · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)72.1× · Priciest 25%
P/B2.62× · Pricier than median
P/S (TTM)5.06× · Priciest 25%
EV/EBITDA50.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 56
PAST (return on equity)12· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)18· sector 23
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Graphite India Limited Fair Value". https://www.fairvalue-calculator.com/stock/GRAPHITE
Frequently asked questions
Is Graphite India Limited (GRAPHITE) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹150.24 versus a price of ₹786.15, about −81% upside (overvalued).
What is the fair value of GRAPHITE?
Our model-based fair value for Graphite India Limited is ₹150.24 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹786.15.
What is the quality score of GRAPHITE?
Graphite India Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Graphite India Limited (GRAPHITE)?
Our model-based price target is the fair value of ₹150.24 (as of Oct 1, 2026) from 17 valuation models. Cautious scenario ₹112.68, optimistic scenario ₹189.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Graphite India Limited stock forecast for 2026?
Our models put fair value at ₹150.24, about −81% upside versus a price of ₹786.15 (overvalued). Cautious scenario ₹112.68, optimistic scenario ₹189.84. The calculation is refreshed regularly with new filings.
What is the revenue of Graphite India Limited (GRAPHITE)?
Graphite India Limited reported trailing-twelve-month revenue of about ₹30.3B (latest available figure, as of Oct 1, 2026).
Does Graphite India Limited pay a dividend?
Graphite India Limited currently shows a dividend yield of about 0.89% relative to its recent price (as of Oct 1, 2026).
What is the intrinsic value of Graphite India Limited (GRAPHITE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Graphite India Limited it is ₹150.24 per share (as of Oct 1, 2026), against a price of ₹786.15. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Graphite India Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, GRAPHITE trades above its calculated fair value: price ₹786.15, fair value ₹150.24, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GRAPHITE?
No. The price is what the market pays today (₹786.15); the fair value is what the company's own numbers justify (₹150.24). For Graphite India Limited the two are ₹635.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is Graphite India Limited worth?
The market values Graphite India Limited at about ₹153B (market capitalisation, as of Oct 1, 2026). Per share that is ₹786.15; our models calculate a fair value of ₹150.24 per share.
What do the bullish and bearish scenarios say about GRAPHITE?
Our models span a range for Graphite India Limited: cautious scenario ₹112.68, base ₹150.24, optimistic ₹189.84 per share (as of Oct 1, 2026, price ₹786.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GRAPHITE?
Graphite India Limited trades at a price-to-earnings ratio of 72.1 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹150.24 is built from several models across several years. Other multiples: P/B 2.6, P/S 5.1, EV/EBITDA 50.5.
How solid is the balance sheet of Graphite India Limited (GRAPHITE)?
Balance-sheet figures for Graphite India Limited (as of Oct 1, 2026): return on equity 2.9%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is GRAPHITE from its 52-week high?
Graphite India Limited trades at ₹786.15, about 7% below its 52-week high of ₹844.65 and 49% above the low of ₹526.15 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹150.24 is for.
Which stocks are comparable to Graphite India Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Graphite India Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹786.15, calculated fair value ₹150.24 (−81%), Quality Score 48/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GRAPHITE calculated?
We run Graphite India Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹150.24, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Graphite India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Graphite India Limited (GRAPHITE)?
The closing price on Oct 1, 2026 was ₹786.15. Our model-based fair value is ₹150.24, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Graphite India Limited right now?
The price sits above even our optimistic bull case (₹189.84). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Graphite India Limited (GRAPHITE) come from?
Earnings per share at Graphite India Limited grew +16.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.4 %, EBIT margin −1.3 %, tax rate +2.3 %, residual (interest, one-offs) +9.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Graphite India Limited
How large is the market capitalisation of Graphite India Limited (GRAPHITE)?
The market capitalisation of Graphite India Limited is ₹153B (≈ $1.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Graphite India Limited (GRAPHITE)?
The price-to-sales ratio of Graphite India Limited is 4.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Graphite India Limited (GRAPHITE)?
Earnings per share at Graphite India Limited are ₹10.90 (price ÷ EPS = P/E 72.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Graphite India Limited (GRAPHITE)?
The dividend yield of Graphite India Limited is 0.9% (payout 64.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Graphite India Limited (GRAPHITE)?
The net margin of Graphite India Limited is 6.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Graphite India Limited (GRAPHITE)?
The return on equity (ROE) of Graphite India Limited is 2.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Graphite India Limited (GRAPHITE)?
On an EBIT basis the return on assets of Graphite India Limited is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Graphite India Limited (GRAPHITE)?
The operating margin of Graphite India Limited is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Graphite India Limited (GRAPHITE)?
Revenue at Graphite India Limited is growing +26.6% versus a year earlier (3y avg −2.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Graphite India Limited (GRAPHITE)?
Earnings per share at Graphite India Limited are growing +28.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Graphite India Limited (GRAPHITE) generate?
The free cash flow of Graphite India Limited is −₹390M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Graphite India Limited (GRAPHITE) carry?
The net debt of Graphite India Limited is ₹3.2B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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