India Carbon Unlisted Shares

₹1045

*Average Price as per 4 December, 2024

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Fundamentals

FACE VALUE

10

BOOK VALUE

1968.9

NO OF SHARES

2650000

EPS

114.27

SALES

420.39

INDUSTRY PE

25.48

DIVIDEND

2

DIVIDEND YIELD

0.17

PE

10.49

PB

0.61

PS

0.76

MARKET CAP

317.74

EQUITY

2.65

PAT

30.28

MESSAGE

2023-24

OVERVIEW

Genesis 


  1. India Carbon Limited (ICL) is a leading manufacturer of Calcined Petroleum Coke and related products with a strong focus on quality, technology, and environmental sustainability.
  2. The company serves major industries like aluminium, steel, and graphite and has diversified into floriculture, showing a unique blend of industrial and ecological responsibility.
  3. Established Legacy: Founded in 1961 by Mr. B. Himatsingka, ICL set up Asia's first Calcination Plant in Guwahati in 1962 and has been a technological leader ever since.
  4. Global Collaboration: Long-standing technical and financial collaboration with Oxbow Calcining LLC (formerly Great Lakes Carbon LLC), USA.


Core Products

Calcined Petroleum Coke (CPC):

  1. Highly electrically conductive carbon with approximately 99.5% fixed carbon.
  2. Widely used as an anode in alumina smelters, Soderberg's electrode in ferroalloy industries, and the manufacturing of graphite/graphite electrodes.
  3. Essential in the production of thermal paste for submerged arc furnaces in ferroalloys and allied industries, as well as in steel industries for steel melting, recarburisation, and making special steels and alloys.

Electrode Carbon Paste:

  1. Soderberg paste made from a specific fraction of Calcined Petroleum Coke (CPC) and/or Electrically Calcined Anthracite Coal (ECA), impregnated with selective coal tar pitch binder at a definite temperature.
  2. Utilized in submerged arc furnaces for producing various ferroalloys and calcium carbide.

Tamping Paste (Thermal Paste):

  1. Also known as thermal paste, used in the ferroalloys and allied industries for furnace lining.
  2. Produced from a mixture of different carbonaceous materials such as Calcined Petroleum Coke and Calcined Anthracite Coal, with soft pitch serving as a binder.


Key Clientele

Aluminium Industry

  1. National Aluminium Company Limited (NALCO)
  2. HINDALCO Industries Limited
  3. Bharat Aluminium Company Limited (BALCO)
  4. Madras Aluminium Company Limited (MALCO)

   


Steel Industry

  1. Steel Authority of India Limited (SAIL)
  2. Tata Iron and Steel Company Limited (TISCO)
  3. Essar Steel Ltd. 

  


Graphite Industry

  1. Graphite India Limited
  2. Hindustan Electro Graphite Limited

India Carbon Limited's Plants:

Guwahati Plant, Assam | Annual Capacity: 100,00 tonnes

  1. Established in 1962: Asia’s first Calcination Plant.
  2. Technology: Constantly upgraded for efficiency and eco-friendliness.
  3. Capacity: Produces high-purity Calcined Petroleum Coke (CPC).
  4. Environmental Focus: Advanced Gas Cleaning Systems and Energy Conservation.

Budge Budge Plant, West Bengal |

  1. Established in 1969: Expanded ICL’s production capabilities.
  2. Strategic Location: Near industrial centres and ports for efficient logistics.
  3. Product Range: Produces CPC, Electrode Carbon Paste (ECP), and Tamping Paste.
  4. Sustainability: High-end Gas Cleaning Systems to minimize environmental impact


Diversification and environmental approach: 

Floriculture:

  1. Entered a collaboration in 1991 with orchid farms in Guwahati, Assam.
  2. Orchids are sold in Bangalore, Mumbai, New Delhi, and Kolkata.
  3. Currently, the Company is exploring export possibilities.

Environmental Conservation: 

  1. Energy and water conservation as key objectives.
  2. Installation of Gas Cleaning Systems to minimize industrial pollution.
  3. Commitment to environmental sustainability demonstrated through orchid farming on factory premises.


INSIGHT

India Carbon Ltd - Extract of Un-Audited financial result for the Q2-FY25

In Q2 FY25, the company recorded revenue from operations of ₹56.85 crore, down from ₹132.16 crore in Q2 FY24, indicating a decline in operational income. Despite this, net profit was ₹5.91 crore compared to ₹11.58 crore in the previous year’s quarter. Earnings per share (EPS) also decreased, moving from ₹43.73 in Q2 FY24 to ₹16.71 in Q2 FY25. This summary highlights key financial shifts year-over-year for the quarter.

Click on the link for official news : https://drive.google.com/file/d/16OkXA7gVdAD2S1_Qx0Pxu5BhhqO9kpoT/view?usp=drivesdk

Financial Summary of the Company

Fig In Cr

PARTICULARSFY23-24FY22-23



Revenue from Operations420.39565.72
Other Income37.3710.55
Total Income457.76576.27
Total Expenses430.82541.88
Profit/Loss Before Tax26.9434.39
Less: Tax Expenses (Including Deffered Tax)-3.3410.46
Profit/Loss After Tax30.2823.92
Other Comprehensive Income, Net of Tax58.50-24.42
Total Comprehensive Income for the year88.78-0.50



Industry Outlook: 

  1. India Carbon Limited (ICL) is well-positioned to benefit from robust industry growth.
  2. Coal production in India saw a 10.02% increase in 2023-24, highlighting the expanding energy needs.
  3. The aluminium market, valued at USD 11.28 billion in 2023, is expected to grow to USD 19.76 billion by 2030, driven by infrastructure development.
  4. The graphite market is also set to expand, reaching USD 4.63 billion by 2029.
  5. These trends underscore a rising demand for ICL’s products—Calcined Petroleum Coke, Electrode Carbon Paste, and Tamping Paste—essential in aluminium smelting, ferroalloy production, and graphite manufacturing, positioning ICL for continued growth and success.

Strategic Advantages:

  1. Consistency and Quality: Dedicated to delivering consistent, high-quality products and maximizing value for customers and shareholders.
  2. Long-Term Relationships: Building and maintaining strong, long-term relationships with major industry players.
  3. Reliability of Supply: Ensuring reliable supply chains to meet the most demanding requirements of our customers.

Growth Potential:

  1. Diversification: Successful venture into floriculture with potential for further export opportunities.
  2. Sustainable Practices: Leading in environmental conservation efforts, enhancing the company's reputation and operational efficiency.

ANNUAL REPORT

SECONDARY NAME

India Carbon Unlisted Shares

ISIN

INE743B01015

CDSL

Yes

NSDL

Yes

INDUSTRY

Manufacturing

SECTOR (READ ONLY)

Carbon products

SHARE HOLDINGS

Name of ShareholderHoldings
Oxbow Calcining LLC USA30.11 %
Shree Shyam Orchid Estates Ltd26 %
Anita Himatsingka7.91 %
Shaurya Veer Himatsingka8.96 %
Other27.02 %
Founders

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