Graphite India shares in focus as firm shuts German divisions amid Russia-Ukraine war. What will be the impact?

The shares of Graphite India will remain in focus on Thursday after the graphite electrode manufacturer announced that operations at two of its divisions in Germany will be discontinued due to the lasting impact of the Russia-Ukraine war.

In an exchange filing released on Wednesday, Graphite India said that the war, which has lasted more than four years now, and weak demand have adversely impacted the competitiveness of Graphite Specialities and Coating divisions in Germany. “The local management has therefore decided to discontinue and close the operations & associated service activities of the said divisions,” it added.

The two divisions had a turnover of Rs 1.05 lakh crore in the financial year 2026, accounting for nearly 4% of the company’s total turnover. Their net worth as of March 31, 2026, stood at negative Rs 3.22 lakh crore. Graphite India said that the closure is expected to be completed in six months, depending upon the discussions with the local Works Council.


Russia invaded Ukraine in February 2022, sparking a war that continues to spook investors today. While the Middle East war has grabbed the headlines recently, the war between Russia and Ukraine has still not seen any interim peace agreement, unlike the fragile one in the West Asia conflict.

Graphite India share price

Graphite India also announced that it will declare its Q1 earnings and a dividend after its board meeting scheduled for August 4. The shares of the Kolkata-headquartered company tumbled around 8% in one week and 13% in one month to close at Rs 579 on Wednesday.

After hitting a 52-week low of Rs 505.80 apiece in August last year, the shares of Graphite India sharply surged around 59% to hit a 52-week high of Rs 802.40 apiece in May this year. The stock has, however, fallen nearly 28% since then.

Overall, Graphite India shares are down around 11% in 2026 so far. In the longer term, the stock delivered a 4% return over one year and a 43% return over three years, but has fallen more than 9% in five years. The company has a market capitalisation of more than Rs 4,000 crore.

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