Graphite India - Rating: Hold; Target Price: Rs74 - Centrum

- We expect revenue growth of ~6% YoY to Rs4.45bn on account of better electrode realization in rupee terms (due to rupee depreciation). Capacity utilization is expected to be subdued at 65% as demand remains weak overall.

- EBITDA is expected to be higher by ~20% YoY at Rs797mn on account of better realizations and lower costs due to higher hydel power generation. We expect EBITDA margin of 17.9%.

- PAT is expected to be at Rs465mn, up by 35% YoY.

Source : Equity Bulls

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