# Graphite India (GRAPHITE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/graphite

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹726
- Change: -1.89%
- As of: 2026-11-06
- 1D return: -1.89%
- 5D return: +0.02%
- 1M return: -9.49%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

Graphite India (GRAPHITE) closed at ₹726.0 on 2026-11-06, reflecting a -1.9% daily decline and a -14.7% monthly drop. The technical setup is defined by a conflict between short-term weakness and longer-term stability. On the daily chart, the trend is bearish; price trades below the 20-period EMA, 50-period EMA, 20-period SMA, and Supertrend, with an ADX of 23.73 indicating developing but not yet strong directional momentum. This contrasts with the monthly horizon, where the trend remains bullish with price above all major moving averages and a Supertrend signal, supported by an established ADX of 27.06.

Price positioning is mixed: while near the lower end of its 50-day range (+24.8%), it sits in the middle of its 252-day range (+58.6%). Volatility is elevated, with annualized volatility at +43.8% and an ATR of 4.34%. Recent price action includes two inactive Doji formations and an extreme upward anomaly on 2026-10-26 (+9.9% intraday range), suggesting potential indecision or volatile consolidation. Immediate resistance lies at ₹729.63 (0.50% above), with pivot resistance at ₹745.42. Key support is observed at ₹719.32 (-0.92% below) and ₹703.53 (-3.09% below). The current drawdown stands at -14.7%, well within the historical maximum drawdown of -34.3%.

- Trend Conflict: Daily structure is bearish (price below 20/50 EMAs and Supertrend), while monthly structure remains bullish (price above all MAs and Supertrend).
- Key Levels: Immediate resistance at ₹729.63 (+0.50%) and ₹745.42 (+2.67%); immediate support at ₹719.32 (-0.92%) and ₹703.53 (-3.09%).
- Momentum & Volatility: ADX is 23.73 (daily) and 27.06 (monthly), indicating developing to established trends. Annualized volatility is high at +43.8%.
- Recent Activity: Two inactive Doji patterns suggest indecision following an extreme upward anomaly on 2026-10-26. Monthly return is -14.7%.

- Doji
- Inside Bar
- Harami
- Bearish Engulfing Reversal

### News Context

Graphite India reported unaudited financial results for the half year ended September 30, 2026, approved by its Board on November 3, 2026. Standalone revenue from operations rose to ₹1,777 crore (from implied prior periods), with profit after tax at ₹285 crore. Consolidated figures showed revenue of ₹1,871 crore and PAT of ₹265 crore. The consolidated results included a Rs. 22 crore exceptional charge for employee restructuring and inventory write-downs linked to the planned closure of German subsidiaries Bavaria Carbon Specialities GmbH and Graphite COVA GmbH. Operations at these entities are being wound down while fulfilling existing orders.

Market data as of November 6, 2026, shows the stock trading at ₹726.0, reflecting a -14.7% return over the past month and a current drawdown of -14.7%. Technical indicators present mixed signals: daily trends show bearish momentum with an ADX of 23.73 and negative slope on short-term moving averages, while weekly and monthly trends remain bullish. The stock faces immediate resistance near ₹729.63 and support at ₹719.32.

- Half-year standalone revenue reached ₹1,777 crore with PAT of ₹285 crore; consolidated revenue was ₹1,871 crore with PAT of ₹265 crore.
- Consolidated results include a Rs. 22 crore exceptional charge for restructuring and write-downs related to the closure of German subsidiaries.
- Stock closed at ₹726.0 on November 6, 2026, with a one-month return of -14.7% and annualized volatility of +43.8%.
- Daily technical trend is bearish (Supertrend: bearish, ADX: 23.73), contrasting with bullish weekly and monthly trends.

- Graphite India Limited has informed the Exchange about Copy of Newspaper Publication of the Un-audited Financial Results of the Company for the quarter/half year ended ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication
- Graphite India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting
- Integrated Filing- Financials|Original|
- GRAPHITE INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation

### Official Filings

Graphite India Limited reported unaudited financial results for the half-year ended September 30, 2026, alongside a strategic acquisition that increases its control in a key subsidiary. On November 3, 2026, the Board approved standalone revenue of ₹1,777 crore and profit after tax (PAT) of ₹285 crore for the first half. Consolidated figures showed revenue of ₹1,871 crore and PAT of ₹265 crore, which included a ₹22 crore exceptional charge for employee restructuring and inventory write-downs related to the closure of German subsidiaries. Concurrently, on October 23, 2026, Graphite increased its stake in Godi India Private Limited (GIPL) from 45.76% to 52.68%, acquiring an additional 7,78,575 shares at ₹754.05 per share for approximately ₹587.08 million. This transaction grants Graphite controlling interest in GIPL, which manufactures supercapacitors and advanced battery materials. The shareholding pattern as of September 30, 2026, indicates Promoters hold 65.34% of equity.

- Half-year standalone revenue reached ₹1,777 crore with PAT of ₹285 crore; consolidated PAT was ₹265 crore after a ₹22 crore exceptional charge for German subsidiary closures.
- Acquired controlling stake (52.68%) in Godi India Private Limited via ₹587.08 million subscription, moving from associate to subsidiary status.
- Promoter holding stands at 65.34% as of September 30, 2026, with public holding at 34.66%.
- Monitor integration of GIPL’s supercapacitor operations and impact of European wind-down costs on future margins.

- [Graphite India Limited has informed the Exchange about Copy of Newspaper Publication of the Un-audited Financial Results of the Company for the quarter/half year ended ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GILKOLKATA_04112026232450_GIL_FR_NP.pdf)
- [Graphite India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GILKOLKATA_03112026135910_RESULT30092026F.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751800_03112026041343_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751799_03112026041323_WEB.xml)
- [GRAPHITE INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Board Meeting Intimation |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Financial Results |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/GILKOLKATA_27102026162949_20261027_SE_Int_BM.pdf)
- [Graphite India Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/GILKOLKATA_23102026160214_Disclosure_to_Stock_Exchange-GIPL.pdf)
- [GRAPHITE INDIA LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_759_WebXMLFile_20261023_160510719.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 65.34 | PUBLIC_VAL: 34.66 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739693_16102026014452_WEB.xml)

### Fundamentals

Graphite India’s operating trajectory shows a divergence between top-line growth and bottom-line profitability in the most recent reporting period. For Q2 FY2026-27 (Sep 2026), revenue from operations declined sequentially to ₹826 crore from ₹842 crore in Q1, while expenses rose to ₹771 crore. This compressed margins, driving Profit Before Tax down to ₹139 crore from ₹214 crore and Net Profit to ₹94 crore from ₹171 crore. Consequently, Basic EPS fell to ₹4.89 per share from ₹8.82.

Earnings quality remains a key focus area. While Cash from Operating Activity improved significantly year-on-year to ₹83 crore for Mar 2026 from ₹500 crore in Mar 2025, the CFO/EBITDA ratio dropped sharply to 18% from 234%, indicating that a smaller portion of operating profit is converting into cash. Balance sheet health shows total assets increasing to ₹7,691 crore as of Sep 2026, with borrowings rising to ₹274 crore from ₹173 crore in Mar 2025 but falling from ₹368 crore in Mar 2026. Working capital efficiency has improved, with Working Capital Days decreasing to 62 days in Mar 2026 from 84 days in Mar 2025, though Debtor Days increased to 85 days.

The most important next checkpoint is whether management can stabilize sequential revenue and contain expense growth to reverse the margin compression observed in Q2 FY2026-27.

- Q2 FY2026-27 revenue fell sequentially to ₹826 crore while expenses rose to ₹771 crore, causing Net Profit to drop 45% to ₹94 crore.
- CFO/EBITDA ratio deteriorated to 18% in Mar 2026 from 234% in Mar 2025, signaling weaker cash conversion despite positive absolute CFO.
- Borrowings decreased to ₹274 crore in Sep 2026 from ₹368 crore in Mar 2026, but CWIP surged to ₹148 crore from ₹61 crore in Mar 2026.
- Working Capital Days improved to 62 days in Mar 2026, but Debtor Days widened to 85 days, suggesting slower collections.

### Bull Case

Graphite India (NSE: GRAPHITE) presents a conditional upside case anchored by its longer-term technical structure, which remains intact despite near-term bearish pressure. As of 6 November 2026, the stock trades at ₹726.00, reflecting a significant monthly decline of -14.7% and a current drawdown of -14.7%. However, the weekly trend indicator remains bullish, with the Supertrend direction signaling upward momentum and positive slope metrics for both the 20-period EMA (+5.87) and SMA (+13.0). This divergence suggests that while short-term sellers are active, the broader intermediate-term trend has not yet reversed.

Furthermore, the monthly timeframe also displays a bullish Supertrend direction, providing a structural floor to the downside. Historically, the stock has demonstrated resilience, posting a +22.8% return over the past year and a +12.0% year-to-date gain as of this date. The nearest support level sits at ₹719.32, just 0.92% below the current price, offering a tight risk boundary for monitoring. If the weekly bullish structure holds above key moving averages, the stock could retest resistance levels at ₹745.42 (2.67% above) and ₹755.73 (4.10% above). Investors should monitor whether the daily ADX (23.73) confirms strengthening trend intensity or if the bearish daily Supertrend persists.

- Longer-term trends remain constructive: Both weekly and monthly Supertrend indicators are bullish as of 6 Nov 2026, contrasting with the daily bearish signal.
- Historical performance shows underlying strength: The stock is up +22.8% over the last year and +12.0% YTD, despite a recent -14.7% monthly pullback.
- Tight support proximity offers clear monitoring level: Current price of ₹726.00 is only 0.92% above the nearest support at ₹719.32; holding this level is critical for maintaining the weekly bullish bias.
- Upside potential exists if short-term weakness resolves: Resistance levels at ₹745.42 (+2.67%) and ₹755.73 (+4.10%) represent immediate targets if the weekly trend sustains its bullish posture.

- [Graphite India Limited has informed the Exchange about Copy of Newspaper Publication of the Un-audited Financial Results of the Company for the quarter/half year ended ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GILKOLKATA_04112026232450_GIL_FR_NP.pdf)
- [Graphite India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GILKOLKATA_03112026135910_RESULT30092026F.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751800_03112026041343_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751799_03112026041323_WEB.xml)
- [GRAPHITE INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Board Meeting Intimation |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Financial Results |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/GILKOLKATA_27102026162949_20261027_SE_Int_BM.pdf)
- [Graphite India Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/GILKOLKATA_23102026160214_Disclosure_to_Stock_Exchange-GIPL.pdf)
- [GRAPHITE INDIA LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_759_WebXMLFile_20261023_160510719.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 65.34 | PUBLIC_VAL: 34.66 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739693_16102026014452_WEB.xml)

### Bear Case

Technical indicators for Graphite India as of November 6, 2026, present a mixed but cautionary picture for short-term investors. The daily trend is bearish, with the price closing at ₹726.00 below the previous close of ₹739.95 and trading within a narrow range between ₹715.50 and ₹736.00. Momentum signals are negative on this timeframe, evidenced by a Minus DI (30.01) significantly exceeding Plus DI (16.21) and an ADX of 23.73 suggesting moderate trend strength in the downward direction. The stock has experienced a current drawdown of -14.7% from its recent peak, with a maximum historical drawdown reaching -34.3%. While the monthly trend remains bullish and the one-year return is positive at +22.8%, the near-term volatility is elevated, with annualized volatility at +43.8% and an ATR percent of 4.34%. Immediate resistance sits just above at ₹729.63, while support is located at ₹719.32.

- Daily trend is bearish with Supertrend signaling downside; Minus DI (30.01) dominates Plus DI (16.21).
- Current price of ₹726.00 reflects a -14.7% drawdown, approaching immediate support at ₹719.32.
- High volatility persists with annualized volatility at +43.8% and average true range percent at 4.34%.
- Near-term resistance is tight at ₹729.63 (0.50% above), limiting upside momentum in the short term.

- [Graphite India Limited has informed the Exchange about Copy of Newspaper Publication of the Un-audited Financial Results of the Company for the quarter/half year ended ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GILKOLKATA_04112026232450_GIL_FR_NP.pdf)
- [Graphite India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GILKOLKATA_03112026135910_RESULT30092026F.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751800_03112026041343_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751799_03112026041323_WEB.xml)
- [GRAPHITE INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Board Meeting Intimation |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Financial Results |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/GILKOLKATA_27102026162949_20261027_SE_Int_BM.pdf)
- [Graphite India Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/GILKOLKATA_23102026160214_Disclosure_to_Stock_Exchange-GIPL.pdf)
- [GRAPHITE INDIA LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_759_WebXMLFile_20261023_160510719.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 65.34 | PUBLIC_VAL: 34.66 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739693_16102026014452_WEB.xml)

### FAQs

**What were Graphite India's financial results for the half year ended September 2026?**

For the half year ended September 30, 2026, Graphite India reported standalone revenue from operations of ₹1,777 crore and a profit after tax (PAT) of ₹285 crore. On a consolidated basis, revenue was ₹1,871 crore with a PAT of ₹265 crore. These unaudited figures were approved by the Board on November 3, 2026.

**Did Graphite India incur any exceptional charges in the recent financial results?**

Yes, the consolidated results for the half year ended September 30, 2026, included an exceptional charge of ₹22 crore. This amount relates to employee restructuring costs and inventory write-downs associated with the planned closure of its German subsidiaries, Bavaria Carbon Specialities GmbH and Graphite COVA GmbH.

**How has Graphite India's stock price performed recently?**

As of November 6, 2026, Graphite India closed at ₹726.00, down 1.9% from the previous close. Over the past month, the stock declined by 14.7%, while it gained 22.8% over the last year. The stock is currently trading within a range where immediate support lies near ₹719.32 and resistance at ₹729.63.

- [Graphite India Limited has informed the Exchange about Copy of Newspaper Publication of the Un-audited Financial Results of the Company for the quarter/half year ended ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/GILKOLKATA_04112026232450_GIL_FR_NP.pdf)
- [Graphite India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/GILKOLKATA_03112026135910_RESULT30092026F.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751800_03112026041343_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751799_03112026041323_WEB.xml)
- [GRAPHITE INDIA LIMITED has informed the Exchange about Board Meeting to be held on 03-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Board Meeting Intimation |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- [Financial Results |Meeting Date: 03-Nov-2026](https://nsearchives.nseindia.com/corporate/GILKOLKATA_27102026162949_20261027_SE_Int_BM.pdf)
- [Graphite India Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/GILKOLKATA_23102026160214_Disclosure_to_Stock_Exchange-GIPL.pdf)
- [GRAPHITE INDIA LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_759_WebXMLFile_20261023_160510719.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 65.34 | PUBLIC_VAL: 34.66 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739693_16102026014452_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹745.42
- Risk regime: Price Risk Requires Attention

### Support levels
- 689.825
- 554.625
- 543.84375

### Resistance levels
- 759.584375
- 771.1125
- 802.4

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.89% |
| return_10 | +5.36% |
| return_1m | -14.71% |
| return_1y | +22.81% |
| return_20 | -9.49% |
| return_3m | +0.55% |
| return_5 | +0.02% |
| return_6m | +1.23% |
| return_since_start | +27.88% |
| return_ytd | +12.01% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -34.34% |
| annualized_volatility | +43.80% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Graphite India Limited FY2026-27 Q2: Profit falls as expenses rise

Graphite India reported consolidated revenue of ₹826 crore in Q2 FY2026-27, down 1.9% sequentially but up 13.3% year on year. Profit before tax fell 35% from Q1 to ₹139 crore and profit for the period declined 45% to ₹94 crore, as expenses rose despite the slight revenue decrease.

## Revenue dips sequentially, grows year on year

Revenue from operations was ₹826 crore, compared with ₹842 crore in Q1 FY2026-27 and ₹729 crore in Q2 FY2025-26. The sequential decline was ₹16 crore, while revenue was ₹97 crore higher year on year.

## Higher expenses weigh on profit

Expenses rose 6.3% sequentially to ₹771 crore from ₹725 crore, while revenue edged down. Profit before tax declined to ₹139 crore from ₹214 crore in Q1 FY2026-27; profit for the period fell to ₹94 crore from ₹171 crore. Finance costs were unchanged at ₹4 crore, while tax expense increased to ₹45 crore from ₹43 crore. Basic earnings per share was ₹4.89, down from ₹8.82 in the prior quarter.

Year on year, profit before tax increased from ₹105 crore and profit for the period rose from ₹76 crore, alongside the increase in revenue from ₹729 crore.

## Segment profit also declines sequentially

Segment profit before tax was ₹161 crore, down from ₹214 crore in Q1 FY2026-27, a decline of about 25%. It remained above the ₹105 crore recorded in Q2 FY2025-26.

## Balance sheet positions

At 30 September 2026, inventories were ₹1,180 crore, compared with ₹1,188 crore at 31 March 2026 and ₹1,232 crore a year earlier. Trade receivables stood at ₹626 crore, below ₹667 crore at 31 March 2026 but above ₹592 crore at 30 September 2025. Cash and cash equivalents increased to ₹73 crore from ₹22 crore at 31 March 2026 and ₹46 crore a year earlier.

Current borrowings were ₹272 crore, down from ₹367 crore at 31 March 2026; noncurrent borrowings were ₹2 crore. Total equity was ₹5,988 crore, compared with ₹5,856 crore at 31 March 2026, and total assets were ₹7,691 crore at quarter-end.

## Key Takeaway

Revenue remained close to the prior quarter and grew year on year, but higher expenses coincided with a sharp sequential fall in profit. Lower current borrowings and higher cash and equity at quarter-end are positive balance-sheet movements, while the decline in quarterly earnings is the main change for investors to track.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +65.34%
- FII holding: +8.11%
- DII holding: +9.66%
- Mutual fund holding: +8.14%
- Retail holding: +12.31%
- Promoter pledged: +0.00%

### Major reported shareholders

- Emerald Company Private Limited — +61.33% (Bodies Corporate)
- TATA FLEXI CAP FUND — +3.06%
- G K W Limited — +2.05% (Bodies Corporate)
- BANDHAN LARGE & MID CAP FUND — +1.19%
- Emerald Matrix Holdings Pte ltd — +0.71% (Bodies Corporate)
- Shree Laxmi Agents Private Limited — +0.45% (Bodies Corporate)
- Carbo Ceramics Limited — +0.20% (Bodies Corporate)
- Siddhant Bangur — +0.13%
- Manjushree Bangur — +0.13%
- Mr Krishna Kumar Bangur          (Trustee of Krishna Kumar Bangur Family Welfare Trust) — +0.10%

## Official filings

- 2026-11-04 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_04112026232450_GIL_FR_NP.pdf)
- 2026-11-03 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_03112026135910_RESULT30092026F.pdf)
- 2026-11-03 — Financial Results Filing: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751800_03112026041343_WEB.xml)
- 2026-11-03 — Financial Results Filing: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751799_03112026041323_WEB.xml)
- 2026-10-27 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- 2026-10-27 — Board Meeting Notice: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_759_WebXMLFile_20261027_160922735.xml)
- 2026-10-27 — Board Meeting Notice: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_27102026162949_20261027_SE_Int_BM.pdf)
- 2026-10-23 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_23102026160214_Disclosure_to_Stock_Exchange-GIPL.pdf)
- 2026-10-23 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_759_WebXMLFile_20261023_160510719.xml)
- 2026-10-16 — Shareholding Disclosure: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739693_16102026014452_WEB.xml)
- 2026-10-06 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_06102026164141_20261006_SE_74_5_.pdf)
- 2026-10-01 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_759_WebXMLFile_20261001_152204242.xml)
- 2026-10-01 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_01102026180616_SE_Disclosure_Relodgement_of_SH.pdf)
- 2026-09-29 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_29092026170033_ST_EXCH_FORWARDING_LETTER_ADD_F.pdf)
- 2026-09-28 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_759_WebXMLFile_20260928_162159155.xml)
- 2026-09-28 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_28092026164805_20260928_GILSELETTER.pdf)
- 2026-09-22 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_22092026101245_LETTER_TO_SE_REG30_Citadel.pdf)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_759_WebXMLFile_20260909_165419307.xml)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_759_WebXMLFile_20260909_165011890.xml)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_09092026164244_LETTER_TO_SE_REG30_Balyasny_Funds.pdf)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_09092026163729_LETTER_TO_SE_REG30_Dymon_Asia.pdf)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_09092026164007_LETTER_TO_SE_REG30_Cap_International.pdf)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_09092026164440_LETTER_TO_SE_REG30_Nippon_Offshore.pdf)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GILKOLKATA_09092026164704_LETTER_TO_SE_REG30_Oxbow_Capital.pdf)
- 2026-09-09 — Generic Announcement: Graphite India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_759_WebXMLFile_20260909_170010237.xml)

## News and market events

- 2026-10-27 — Mint: **Top stocks to buy: Experts suggest BSE, GMR Airports, Nykaa, Zen Tech, and 2 others - Target price, stop-loss** — Experts recommended six stocks for possible short-term gains, based on support levels, trend reversals and momentum signals; named picks include Nykaa, ICICI Prudential AMC and Zen Technologies.  — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-experts-suggest-bse-gmr-airports-nykaa-zen-tech-and-2-others-target-price-stoploss-11793083427379.html)
- 2026-10-26 — CNBC-TV18: **Sensex rises 483 points, Nifty ends at day’s high: Key factors behind market rally** — The Sensex gained 483 points to 73,607 and the Nifty rose 153 points to 22,753, with both benchmarks ending at the day’s high. Dr Reddy’s, Aether Energy and BSE were among the notable gainers, while Shriram Finance and Supreme Industries declined after guidance cuts. — [Source](https://www.cnbctv18.com/market/sensex-rises-483-points-nifty-ends-at-days-high-key-factors-behind-market-rally-20019458.htm)
- 2026-09-30 — MONEYCONTROL: **CNG has lower lifecycle environmental burden than EVs across most categories: Study** — TERI CNG vs EV study, CNG vs electric vehicles India, EV lifecycle emissions India, TERI EV study, electric vehicles India, CNG vehicles India, EV battery environmental impact, India's coal power mix, PM E-DRIVE, EV charging infrastructure India, critical minerals EV batteries, LNG heavy transport — [Source](https://www.moneycontrol.com/news/business/cng-has-lower-lifecycle-environmental-burden-than-evs-across-most-categories-study-14041974.html)
- 2026-09-30 — CNBC-TV18: **Graphite India shares in focus as US sets 12.22% preliminary dumping margin** — Analysts estimate that exports to the US could account for around 5% of the company's total volumes, potentially limiting the direct impact of the development. — [Source](https://www.cnbctv18.com/market/graphite-india-share-price-us-sets-preliminary-dumping-margin-20001572.htm)
- 2026-09-24 — MONEYCONTROL: **Beyond lithium: Why graphite could become the next big battery supply-chain bottleneck** — graphite battery supply chain, China graphite dominance, battery anode materials, graphite shortage, lithium ion batteries, EV battery demand, China anode capacity, battery graphite, graphitisation capacity, global battery demand, LFP batteries, India battery manufacturing — [Source](https://www.moneycontrol.com/news/business/beyond-lithium-why-graphite-could-become-the-next-big-battery-supply-chain-bottleneck-14036864.html)
- 2026-09-24 — MONEYCONTROL: **US-China trade truce extended to January 10: What Trump and Xi still need to settle** — US China trade truce, US China trade deal, Trump Xi meeting, Donald Trump Xi Jinping, US China tariffs, China rare earths, US China trade war, Scott Bessent China, China soybean purchases, US China trade talks — [Source](https://www.moneycontrol.com/world/us-china-trade-truce-extended-to-january-10-what-trump-and-xi-still-need-to-settle-article-14036833.html)
- 2026-09-23 — BUSINESSTODAY: **Graphite, not lithium, may be the battery industry's biggest choke point: Report** — Graphite, not lithium, may be the battery industry's biggest choke point: Report — [Source](https://www.businesstoday.in/latest/economy/story/graphite-not-lithium-may-be-the-battery-industrys-biggest-choke-point-report-557395-2026-09-24)
- 2026-09-10 — MONEYCONTROL: **Graphite India shares see profit booking after rising 17% in 2 days; should you buy, sell or hold?** — Graphite India shares, Graphite India share price today news — [Source](https://www.moneycontrol.com/news/business/markets/graphite-india-shares-see-profit-booking-after-rising-17-in-2-days-should-you-buy-sell-or-hold-14026920.html)
- 2026-09-10 — Mint: **Raja Venkatraman recommends three stocks for 10 September** — Market expert Raja Venkatraman shares his top stock picks for 10 September. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-10-september-11788970744147.html)
- 2026-09-09 — The Hindu: **Graphite India rallies near 8-year high, HEG surges as GrafTech announces 30% price hike** — Graphite India shares jumped 18.4% to ₹870 on Wednesday, nearing an eight-year high. At 12:53 pm, the stock was up 17% at ₹858 — [Source](https://www.thehindubusinessline.com/markets/stock-markets/graphite-india-rallies-near-8-year-high-heg-surges-as-graftech-announces-30-price-hike/article71446271.ece)
- 2026-09-09 — Mint: **Graphite India share price soars 18% to touch 52-week high; here’s what’s behind the sudden rally** — Graphite India shares soared 18%, reaching a 52-week high, following GrafTech International's announcement of a 30% price increase. Analysts see this as a potential sign of a recovery in global electrode prices, benefiting Indian manufacturers like Graphite India enhancing earnings visibility. — [Source](https://www.livemint.com/market/stock-market-news/graphite-india-share-price-soars-18-to-touch-52-week-high-here-s-what-s-behind-the-sudden-rally-11788928498043.html)
- 2026-09-09 — CNBC-TV18: **Graphite India at one year high, Chennai Petroleum at record high; Coforge, Infosys fall on Nifty 500 open** — Global cues and a leadership resignation drove sharp moves across the Nifty 500 at market open, with two stocks touching fresh 52-week highs — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/stocks/nifty-500-graphite-india-52-week-high-chennai-petroleum-record-high-coforge-infosys-ifci-bse-share-price-19987087.htm)
- 2026-09-09 — BUSINESSTODAY: **Graphite India shares rise over 18%, hit fresh 52-week high; here's why** — Graphite India share price, Graphite electrode price rises, Graphite India share price rises, Graphite India share price today order, Graphite India, Graphite India, GrafTech International — [Source](https://www.businesstoday.in/markets/stocks/story/graphite-india-shares-rise-over-18-percent-hit-fresh-52-week-high-heres-why-554146-2026-09-09)
- 2026-09-09 — CNBC-TV18: **Here's why Graphite India shares may see a reaction on Wednesday** — As per rough calculations, GrafTech's average Graphite Electrode realization stood at $4,100 per tonne. Analysts expect that figure to reach $6,250 per tonne by financial year 2028. — [Source](https://www.cnbctv18.com/market/graphite-india-share-price-graftech-international-electrode-price-increase-positive-read-through-impact-realization-19987072.htm)
- 2026-09-01 — CNBC-TV18: **Nifty holds 24,000, rupee hits 2-month high; sugar, IT, auto stocks in focus** — Indian benchmark indices ended higher in a volatile session, with the Nifty holding above 24,000 after CAS. The rupee strengthened to a two-month high, while auto, sugar, aviation and select Adani stocks saw sharp moves. — [Source](https://www.cnbctv18.com/market/closing-bell-nifty-holds-24000-rupee-hits-2-month-high-sugar-it-auto-stocks-19981517.htm)
- 2026-09-01 — CNBC-TV18: **Vardhman Textiles, Graphite India, ITC lead Nifty 500 gainers as Prestige Estates, KEI Industries fall at market open** — Some Nifty 500 stocks rallied at market open, led by a sharp volume spike in one counter, while others slid on profit booking — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/nifty-500-top-gainers-losers-market-open-vardhman-textiles-graphite-india-itc-adani-green-19981152.htm)
- 2026-09-01 — MONEYCONTROL: **Trade Spotlight: How should you trade Sagility, Graphite India, Axis Bank, Apollo Hospitals, Oberoi Realty, TD Power Systems, and others on September 1?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-sagility-graphite-india-axis-bank-apollo-hospitals-oberoi-realty-td-power-systems-and-others-on-september-1-14019415.html)
- 2026-08-04 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty Realty down 2%; Prestige Estate, Oberoi Realty top losers** — Stock Market LIVE Updates: Today's session is not only the weekly options expiry session for the Nifty 50 contracts, but is also set to see supply of paper worth nearly ₹36,000 crore, which includes the mega LIC Offer for Sale (OFS). Earnings season is drawing to a close and therefore, companies are making a beeline to report numbers as well. Adding to that is the confusion surrounding the Closing Auction Session. Watch this space for all the LIVE stock market updates. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-banks-midcaps-lic-paytm-meesho-kalyan-arvind-bharti-bse-share-price-liveblog-19960944.htm)
- 2026-08-04 — CNBC-TV18: **Q1 Results LIVE Updates: Pidilite reports earnings; Alembic Pharma revenue up 26%** — Q1 Results LIVE Updates: Two Nifty 50 companies Bharti Airtel, ONGC and Ajmera Realty, Alembic Pharma, BSE, Bharti Hexacom, Castrol, Godrej Properties, Greaves Cotton, Kalyan Jewellers, Marico, MCX, Nykaa, Metro Brands, NHPC, Motherson Sumi Wiring, Pidilite, Protean e-GOV, Keystone Realtors, RITES, Saregama, Safari Industries, Sanofi India, Tata Investment, Symphony, United Breweries, Uno Minda, VRL Logistics, Zydus Wellness, Welspun Enterprises, Wonderla Holidays, Prince Pipes, Metropolis Healthcare, CE InfoSystems, are among the other companies reporting their numbers today. Earnings reactions also come from stocks like DLF, IREDA, Torrent Power, and other such names. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bharti-airtel-hexacom-ongc-dlf-sbi-funds-ireda-bse-mcx-kalyan-gcpl-marico-nykaa-pidilite-share-price-liveblog-19960965.htm)
- 2026-08-04 — The Hindu: **Q1 Results Today Live: Wonderla Holidays, Morepen Lab, RITES, Bharat Seats Q1 PAT up y-o-y, Godrej Properties & Zydus Wellness con. PAT decline, Bharti Airtel, ONGC, Pidilite, Marico, Nykaa, Bharti Hexacom, NHPC, MCX, Kalyan Jewellers, Alembic to announce Q1 results** — Q1 Results Today, 4th August 2026 Live Updates: Follow businessline for more — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-bharti-airtel-ongc-pidilite-nykaa-marico-nhpc-mcx-godrej-properties-zydus-alembic-rites-kalyan-jewellers-uno-minda-tata-invest-united-breweries-results-04-august-2026/article71300717.ece)
- 2026-07-29 — The Hindu: **Stock Market Today Live: Stock to buy today: LTM** — Sensex Today, Nifty 50 | Stock Market Live Updates: Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 29th July 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-29-july-2026/article71276758.ece)
- 2026-07-29 — The Hindu: **Go Digit, Graphite India, RVNL, HUDCO, Tanla Platforms, Euro Panel in focus today** — Corporate developments kept several stocks in focus as Go Digit received CCI clearance, Graphite India faced a US duty, RVNL secured a major railway order, HUDCO advanced overseas fundraising, and Tanla Platforms and Euro Panel unveiled expansion-related announcements. — [Source](https://www.thehindubusinessline.com/markets/go-digit-graphite-india-rvnl-hudco-tanla-platforms-euro-panel-in-focus-today/article71279570.ece)
- 2026-07-28 — CNBC-TV18: **Graphite India faces 3.68% preliminary US countervailing duty on graphite electrode exports** — Shares of Graphite India Ltd ended at ₹648.10, down by ₹15.00, or 2.26%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/graphite-india-share-price-faces-3-68-preliminary-us-countervailing-duty-on-graphite-electrode-exports-19956138.htm)
- 2026-07-19 — Economic Times: **Bonus, dividends and stock splits: Bharti Airtel, Hero MotoCorp among 88 stocks turning ex-date this week. Do you own any?** — Investors must hold shares in their demat accounts on the respective record dates to be eligible. Here is the complete day-wise list of key corporate actions to track. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/bonus-dividends-and-stock-splits-bharti-airtel-hero-motocorp-among-88-stocks-turning-ex-date-this-week-do-you-own-any/articleshow/132491671.cms)
- 2026-07-17 — Mint: **Stock market today: Gift Nifty hints a flat start; eight day trading stocks to buy on Friday, 17 July** — The Indian stock market is set to open cautiously due to geopolitical tensions and weak global cues. The BSE Sensex closed slightly up, while the Nifty 50 saw a minor decline. Elevated crude prices and FPI selling reflect uncertainty among investors amid ongoing conflicts in the Middle East. — [Source](https://www.livemint.com/market/stock-market-news/stock-market-today-gift-nifty-hints-a-flat-start-eight-day-trading-stocks-to-buy-on-friday-17-july-11784232778325.html)

## Business profile

**Strategic vision:** Manufacturer of carbon and graphite products for industrial applications.

### Business segments
- **Graphite Electrodes:** Crucial for electric arc furnaces in steelmaking, designed for increased productivity and ultra-high performance.
- **Impervious Graphite Equipment (IGE):** Manufacturer of graphite heat and mass transfer equipment and turnkey systems.
- **Graphite Specialty Products:** Caters to specialized applications with products like extruded graphite molds, mini rods, and heat exchanger tubes.
- **Coke and Paste:** Production of coke and paste from its facility.
- **High-Speed Steel:** Interests in the production of high-speed steel managed through its Powmex Steel Division.
- **Glass Reinforced Plastic (GRP) Pipes:** Manufactures GRP pipes from its Nashik facility.
- **Renewable Energy:** Involved in renewable energy solutions including solar, wind, and hydropower generation.
- **Advanced Materials:** Strategic investment in a U.S.-based company focused on Graphene Sheet production and battery chemicals technology.

### Competitive strengths
- Global manufacturing footprint across India and Germany.
- Diversified product portfolio serving multiple industrial sectors.
- Strategic investment in international graphite electrode market.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/graphite
Markdown representation: https://faxioms.com/stocks/graphite?render=md