STOCK IDEA: GRAPHITE INDIA LIMITED

Graphite India Limited

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

Graphite India Limited (GIL) is the leading manufacture of Graphite Electrodes as well as Carbon and Graphite Speciality products in India. It has having 6 manufacturing plants in India and has also got a 100% owned subsidiary at Nuremberg, Germany, by name Graphite COVA GmbH.
It is the largest player in India in his segment with a market share of 55.10.
This company is one of big gainer in SWEDESHI MOVEMENT in india as China is the largest exporter of Graphite Electrodes in World.

Graphite is used in Steel making, Batteries,Breake linings, Pencils, Foundry facings and Lubricants.

The company has a strong market presence in India since last 50 years. The company has manufacturing capacity of 98000 MT Graphite Electrodes per year.

The promoter shareholding now stands at 65.26%. 

Face value Rs.2/- per share

EPS stands 22.24/- per share
 
 Mutual funds holding at 9% near. (favorite stock for almost all MF companies)

Graphite India holds largest Market Capital in this segment.

Book value per share is near about 238.45 per share consolidated
 
Its Current PE is 1.13 and current Nifty PE is 22.35, Which sense it will grow minimum up to 100% upside from current level.

Its 52 week high mark is 458/- and low is 103.00/-

Company annual growth rate is 14.15%.

The stock has corrected by more than 70% from its peak value and since then it is relatively stable around current levels. in my view the stock should pick up momentum from here on which net sales increased by 128% Yoy basis.

Buy Graphite India share current share price around 179.00 per share and in my view it will goes to  350.00/- per share within one year and 650/- per share in Three year.


for mote technical:https://www.moneycontrol.com/india/stockpricequote/electrodesgraphite/graphiteindia/GI13