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ICICI Direct has buy call on Graphite India with a target price of Rs 825. The current market price of is Rs 626.05.
Graphite India Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 12288.15 Crore) operating in Industrial Consumables sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 641.00 Crore, up 19.81 % from last quarter Total Income of Rs 535.00 Crore and down -6.56 % from last year same quarter Total Income of Rs 686.00 Crore. Company reported net profit after tax of Rs 26.00 Crore in latest quarter.
Investment Rationale
For Q4FY21E, on a consolidated basis, the brokerage expects Graphite India (GIL) to report capacity utilisation of 85% (41% in Q4FY20 and 65% in Q3FY21). For the quarter the brokerage expects consolidated topline to come in at Rs 687 crore (up 14% YoY, 38% QoQ). It expects the company to report consolidated EBITDA of Rs 85 crore and consolidated net profit of Rs 99 crore.
Graphite India Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 12288.15 Crore) operating in Industrial Consumables sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 641.00 Crore, up 19.81 % from last quarter Total Income of Rs 535.00 Crore and down -6.56 % from last year same quarter Total Income of Rs 686.00 Crore. Company reported net profit after tax of Rs 26.00 Crore in latest quarter.
Investment Rationale
For Q4FY21E, on a consolidated basis, the brokerage expects Graphite India (GIL) to report capacity utilisation of 85% (41% in Q4FY20 and 65% in Q3FY21). For the quarter the brokerage expects consolidated topline to come in at Rs 687 crore (up 14% YoY, 38% QoQ). It expects the company to report consolidated EBITDA of Rs 85 crore and consolidated net profit of Rs 99 crore.
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