Graphite India Share Price Target 2026, 2027, 2030, 2040, 2050
Graphite India is one of India’s oldest and biggest companies that makes graphite electrodes, carbon, and special graphite products. It mainly supplies graphite electrodes used in steel factories to melt metal at very high temperatures. The company also makes GRP pipes and other carbon and graphite parts used in many industries. Graphite India has factories in different parts of India and also does business in other countries through its German unit. Overall, the company plays an important role by providing useful materials needed for steel making and other industrial work.
- 1 What is Graphite India Ltd NSE: GRAPHITE?
- 2 Graphite India Share Price Target
- 3 Graphite India Share Price Target 2026
- 4 Graphite India Share Price Target 2027
- 5 Share Price Target 2028
- 6 Share Price Target 2029
- 7 Graphite India share price Target 2030
- 8 Share Price Target 2040
- 9 Share Price Target 2050
- 10 Should I buy Graphite India stock?
- 11 Graphite India earnings results
- 12 Is Graphite India stock good to buy? (bull case & bear case)
- 13 Conclusion
- 14 FAQs
What is Graphite India Ltd NSE: GRAPHITE?
Graphite India is a well-known Indian company established in 1974, situated in Kolkata. It makes graphite and carbon products, mainly graphite electrodes used in steel factories. These electrodes are important because they help melt old scrap metal to make new steel. The company has factories in different parts of India and also sells its products to other countries. Along with graphite electrodes, Graphite India also makes other carbon products and special graphite equipment used in chemical and industrial work.
It is one of the oldest and well-known companies in India that makes graphite and carbon products. The company started in the 1960s and slowly grew into a big industrial company. From the start, it focused on making materials used in heavy industries, especially steel factories. Over many years, the company has gained good experience, technical knowledge, and strong production skills. It is trusted for smooth working, long-term customer relationships, and good product quality. In 2026, its share price target would be ₹957, as per stock market analysts.
Its share price would be between ₹507 to ₹957 in 2026, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 507 | 957 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 577 | 726 |
| February | 535 | 760 |
| March | 507 | 781 |
| April | 548 | 808 |
| May | 632 | 825 |
| June | 658 | 842 |
| July | 684 | 865 |
| August | 700 | 887 |
| September | 721 | 900 |
| October | 742 | 921 |
| November | 784 | 939 |
| December | 822 | 957 |
The steel industry depends a lot on graphite electrodes, and Graphite India is an important supplier of these products. Graphite electrodes are used in electric arc furnaces to create very high heat to melt metal. If the electrodes are not of good quality, steel production becomes slow and costly. This company makes electrodes that work well, last longer, and are used slowly. This helps steel companies reduce machine stops and save money. Since steel is used in buildings, transport, machines, and infrastructure, Graphite India helps many industries grow. In 2027, its share price target would be ₹1403, as per stock market analysts.
Its share price would be between ₹922 to ₹1403 in 2027, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 922 | 1403 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 922 | 1014 |
| February | 950 | 1052 |
| March | 974 | 1084 |
| April | 990 | 1135 |
| May | 1025 | 1178 |
| June | 1057 | 1200 |
| July | 1074 | 1232 |
| August | 1090 | 1265 |
| September | 1125 | 1290 |
| October | 1157 | 1332 |
| November | 1225 | 1365 |
| December | 1290 | 1403 |
This company also makes many other carbon and graphite products. These products are used in chemical plants, glass factories, metal industries, power plants, and electronics. The company makes special graphite blocks, rods, plates, tubes, and ready-made parts as per customer needs. These products are useful because they can handle high heat, strong chemicals, and electricity. It does not depend on just one industry and reduces business risk by making many types of products. In 2028, its share price target would be ₹1834, as per stock market analysts.
Its share price would be between ₹1378 to ₹1834 in 2028, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1378 | 1834 |
It has good experience in making ultra-high power graphite electrodes. These electrodes are used in modern steel plants that work with very high power to make steel faster. Such electrodes must be very strong, stable, and made with exact size. Making them requires advanced machines, skilled workers, and strict quality checks. It has developed these skills over many years. Its focus on big-size and high-quality electrodes helps modern steel plants run smoothly without interruption. In 2029, its share price target would be ₹2240, as per stock market analysts.
Its share price would be between ₹1785 to ₹2240 in 2029, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1785 | 2240 |
It runs many factories in different parts of India. These factories handle many steps of production, such as raw material preparation, heating, graphitising, cutting, and final finishing. Having many factories helps the company deliver products on time and meet customer demand. Each factory uses modern machines and quality checking systems. The company also keeps improving its factories to increase output and reduce waste. These factories also provide jobs and support industrial growth in nearby areas. In 2030, its share price target would be ₹2600, as per stock market analysts.
Its share price would be between ₹2174 to ₹2600 in 2030, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 2174 | 2600 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2174 | 2290 |
| February | 2190 | 2335 |
| March | 2210 | 2374 |
| April | 2240 | 2410 |
| May | 2252 | 2455 |
| June | 2284 | 2484 |
| July | 2310 | 2499 |
| August | 2357 | 2532 |
| September | 2390 | 2557 |
| October | 2421 | 2578 |
| November | 2484 | 2586 |
| December | 2511 | 2600 |
It also does business outside India and has a strong presence in global markets. Through its international operations, the company supplies products to customers in many countries and competes with global graphite companies. This global business helps balance sales between India and other countries. Working with international customers helps the company learn new methods and follow high-quality standards. By selling products worldwide, it becomes more stable and well-known. In 2040, its share price target would be ₹4260, as per stock market analysts.
Its share price would be between ₹3909 to ₹4260 in 2040, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 3909 | 4260 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3909 | 4021 |
| February | 3924 | 4053 |
| March | 3934 | 4074 |
| April | 3950 | 4090 |
| May | 3974 | 4112 |
| June | 4000 | 4132 |
| July | 4021 | 4154 |
| August | 4050 | 4174 |
| September | 4057 | 4190 |
| October | 4074 | 4221 |
| November | 4087 | 4244 |
| December | 4120 | 4260 |
To reduce costs and keep product quality stable, the company makes some of its key raw materials on its own. This means it does not fully depend on outside suppliers. This helps avoid supply problems and sudden price changes. Making raw materials internally also helps maintain the same quality in all products. This method strengthens the company’s production system and supports long-term business growth. In 2050, its share price target would be ₹6171, as per stock market analysts.
Its share price would be between ₹5813 to ₹6171 in 2050, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 5813 | 6171 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 5813 | 5950 |
| February | 5850 | 5974 |
| March | 5878 | 5990 |
| April | 5907 | 6010 |
| May | 5914 | 6031 |
| June | 5930 | 6045 |
| July | 5952 | 6067 |
| August | 5974 | 6075 |
| September | 5990 | 6089 |
| October | 6010 | 6121 |
| November | 6035 | 6133 |
| December | 6058 | 6171 |
Should I buy Graphite India stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 507 | 957 |
| 2027 | 922 | 1403 |
| 2028 | 1378 | 1834 |
| 2029 | 1785 | 2240 |
| 2030 | 2174 | 2600 |
| 2040 | 3909 | 4260 |
| 2050 | 5813 | 6171 |
It is a well-known company that makes graphite electrodes and other carbon products used mostly in steel factories and heavy industries. The company has good technology, a strong reputation, and sells products in India and other countries. Recently, its profits have gone down, growth has been slow, and the stock price is a bit high. People who want to invest for the long term and believe steel demand will increase may consider it, but short-term investors could see the stock go up and down. Overall, the company has future potential, but you should think carefully before buying its stock.
Graphite India earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 3,094 | 1,958 | 3,027 | 3,181 | 2,950 | 2,560 | 2,583 |
| Expenses + | 3,180 | 2,173 | 2,568 | 2,869 | 3,093 | 2,307 | 2,466 |
| Operating Profit | -86 | -215 | 458 | 312 | -143 | 253 | 117 |
| OPM % | -3% | -11% | 15% | 10% | -5% | 10% | 5% |
| Other Income + | 174 | 316 | 294 | 80 | 1,258 | 438 | 315 |
| Interest | 18 | 6 | 5 | 13 | 17 | 11 | 9 |
| Depreciation | 51 | 52 | 55 | 57 | 80 | 90 | 96 |
| Profit before tax | 19 | 43 | 693 | 322 | 1,017 | 591 | 327 |
| Tax % | -134% | 175% | 27% | 38% | 21% | 22% | |
| Net Profit + | 45 | -32 | 505 | 199 | 805 | 458 | 237 |
| EPS in Rs | 2.30 | -1.64 | 25.83 | 10.20 | 41.36 | 23.65 | 12.34 |
| Dividend Payout % | 87% | -305% | 39% | 83% | 27% | 47% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 52.54 | 2.16 | 1.70% | 42.14 | 6.22 | 0.62% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Graphite India Ltd | 27.40 | 2.16 | 1.70% |
| Polycab India Ltd | 57.18 | 11.66 | 0.46% |
| Havells India Ltd | 60.39 | 10.66 | 0.71% |
| Apar Industries Ltd | 40.73 | 7.43 | 0.61% |
Is Graphite India stock good to buy? (bull case & bear case)

Bull Case:
- The company’s net profit for FY 2025 was ₹452 crore, higher than ₹398 crore in FY 2024, showing a steady profit trend.
- In the last 12 months, the company earned ₹2,560 crore in revenue and ₹462 crore in net profit, showing strong sales and earnings overall.
- Sales and profit have generally increased over the years, reflecting stable business growth and consistent operations.
- In FY 2025, it earned ₹2,560 crore in total revenue, up from ₹2,300 crore in FY 2024, showing steady sales growth.
- It has a very low debt of about ₹2.7 billion and a strong cash reserve of over ₹30 billion, making it financially safe.
- Stock is trading at around 36–38 times its earnings, showing market confidence in the company’s potential.
- The company has been maintaining a healthy dividend payout, giving good returns to shareholders over the years.
- The company’s current ratio is around 3.62, showing it can comfortably meet short-term obligations and operate efficiently.
Bear Case:
- The stock price is high compared to current earnings, which may limit further gains in the short term.
- Promoter holding has slightly decreased over the last quarter, which could concern some investors.
- The company has delivered slow sales growth of around 11% over the past five years, showing moderate expansion.
- The company has a low return on equity of around 4.05% over the last three years, reflecting limited efficiency in using shareholders’ funds.
Conclusion
It is a well-known company that makes graphite electrodes, carbon products, and special tools for steel factories and heavy industries. The company has low debt, plenty of cash, several factories in India, and also sells products to other countries. It is financially strong and gives regular dividends, but its profits have grown slowly recently, and the stock price is a bit high. Overall, the company has good long-term potential because many industries need its products, but investors should think carefully about the price and slow growth before buying.

