Trending stocks: Graphite India shares down over 2%

NEW DELHI: Shares of Graphite India Ltd. traded 2.53 per cent down in Wednesday's trade at 11:04AM (IST). Around 36,157 shares changed hands on the counter.

The counter opened at Rs 197.95 and touched an intraday high and low of Rs 202.45 and Rs 193.5, respectively, in the session so far. Shares of the company of Graphite India Ltd. quoted a 52-week high of Rs 427.45 and a 52-week low of Rs 103.0.

Total market cap of the Graphite India Ltd. stood at Rs 3820.57 crore at the time of writing this report.


Key Financials

The company reported a 94.14 per cent decline in net profit at Rs 25 crore for the fourth quarter ended March 2020, impacted by the coronavirus pandemic and subsequent disruptions in the market.

The company reported consolidated sales of Rs 602.0 crore for the quarter ended 31-Mar-2020, down 6.38 per cent from previous quarter's Rs 643.0 crore and down 64.44 per cent from the year-ago quarter's Rs 1693.0 crore.

Shareholding pattern
As of 31-Mar-2020, DIIs held 0.73 per cent stake in the company, while foreign institutional investors held 8.96 per cent and the promoters 64.32 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 84.9 and a price-to-book ratio of 0.71. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Graphite India Ltd. belongs to the Electrodes - Graphite industry.