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Tirupati Graphite Plc
(LSE:TGR)
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Rating:45Neutral
Price Target:
0.85 p
▲(0.35% Upside)
Action:N/A
Date:09/24/26
The score is held down primarily by very weak profitability and ongoing cash burn (negative gross profit, very large operating/net losses, and negative free cash flow). Low leverage and meaningful equity provide some balance-sheet support, but not enough to offset the current earnings and cash-flow risk. Technical indicators are neutral-to-mixed and valuation is constrained by negative earnings.
Positive Factors
Revenue Growth
Strong revenue growth indicates expanding sales activity and improving market reach. If the company can convert this top-line momentum into positive margins, greater scale could support better operating leverage and strengthen its ability to fund future development.
Negative Factors
Severe Unprofitability
Extremely negative operating and net margins show that revenue is not currently covering the company’s cost base. Persistent losses weaken internal funding capacity, make successful scaling more difficult, and leave earnings highly dependent on a material improvement in operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong revenue growth indicates expanding sales activity and improving market reach. If the company can convert this top-line momentum into positive margins, greater scale could support better operating leverage and strengthen its ability to fund future development.
Read all positive factors
Tirupati Graphite Plc (TGR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.23M
Dividend YieldN/A
Average Volume (3M)2.20M
Price to Earnings (P/E)―
Beta (1Y)-0.12
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees281
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding779,331,800
10 Day Avg. Volume1,290,904
30 Day Avg. Volume2,198,969
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.10
Price to Sales (P/S)1.29
P/FCF Ratio-0.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tirupati Graphite Plc Business Overview & Revenue Model
Company Description
Total Graphite PLC is a specialist graphite producer with mining and processing operations in Madagascar and development projects in Mozambique. The company supplies natural flake graphite, a critical mineral for the energy transition, e-mobility,...
How the Company Makes Money
Tirupati Graphite makes money primarily by selling natural flake graphite products. Its core revenue model is: (1) mining flake graphite ore, (2) processing and upgrading it into graphite concentrates (typically sold in different flake-size distri...
Tirupati Graphite Plc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2023 | Sep 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.67M | 1.57M | 4.90M | 2.89M | 1.65M |
| Gross Profit | -1.71M | -1.87M | 514.85K | 334.10K | -56.97K |
| EBITDA | -3.73M | -3.89M | -3.55M | -839.04K | -1.27M |
| Net Income | -5.94M | -5.88M | -13.21K | -2.37M | -1.92M |
Balance Sheet | |||||
| Total Assets | 27.74M | 26.97M | 29.36M | 21.34M | 17.52M |
| Cash, Cash Equivalents and Short-Term Investments | 2.00M | 172.00K | 185.97K | 289.34K | 1.53M |
| Total Debt | 2.23M | 5.00M | 3.00M | 2.80M | 1.04M |
| Total Liabilities | 6.36M | 8.82M | 6.46M | 4.49M | 1.77M |
| Stockholders Equity | 21.38M | 18.15M | 22.90M | 16.85M | 15.75M |
Cash Flow | |||||
| Free Cash Flow | -3.36M | -1.59M | -2.02M | -4.97M | -7.10M |
| Operating Cash Flow | -3.15M | -1.59M | -1.37M | -2.17M | -1.95M |
| Investing Cash Flow | -186.00K | 118.00K | -652.77K | -5.43M | -7.74M |
| Financing Cash Flow | 3.39M | 1.98M | 1.89M | 6.34M | 9.44M |
Tirupati Graphite Plc Technical Analysis
Neutral
0.85
Price Trends
0.84
Positive
1.03
Negative
2.93
Negative
Market Momentum
>-0.01
Positive
50.46
Neutral
32.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TGR, the sentiment is Neutral. The current price of 0.85 is below the 20-day moving average (MA) of 0.90, above the 50-day MA of 0.84, and below the 200-day MA of 2.93, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.46 is Neutral, neither overbought nor oversold. The STOCH value of 32.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:TGR.
Tirupati Graphite Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | £26.48M | -2.81 | -22.32% | ― | ― | 65.32% | |
45 Neutral | £6.23M | -0.32 | -32.85% | ― | ― | ― | |
45 Neutral | £122.63M | -30.00 | -14.73% | ― | ― | -2.08% | |
45 Neutral | £30.77M | -3.73 | -41.48% | ― | 388.51% | 58.82% | |
43 Neutral | £31.08M | -7.47 | -19.76% | ― | ― | -327.78% |
* Basic Materials Sector Average
GB:TGR
Tirupati Graphite Plc
0.88
-5.38
-86.00%
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15.00
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60.60%
GB:KAV
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0.68
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-35.71%
GB:BRES
Blencowe Resources Plc
5.90
0.05
0.85%
GB:CTL
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6.75
1.60
31.07%
Tirupati Graphite Plc Corporate Events
Business Operations and StrategyPrivate Placements and FinancingProduct-Related Announcements
Total Graphite advances downstream strategy and issues new shares
Positive
Sep 10, 2026
Total Graphite has launched bench-scale test work for its downstream graphite programme, aiming to produce high purity graphite and expandable graphite from its Vatomina plant in Madagascar without using hydrofluoric acid. Working with two special...
Business Operations and Strategy
Total Graphite hires Lycopodium to advance modular Montepuez graphite project
Positive
Sep 9, 2026
Total Graphite plc has appointed Lycopodium Minerals Africa to review and update feasibility work for its Montepuez Graphite Project in Mozambique, which is permitted to produce up to 100,000 tonnes per annum of flake graphite concentrate. The stu...
Business Operations and Strategy
Total Graphite advances Montepuez feasibility work with Lycopodium appointment
Positive
Sep 9, 2026
Total Graphite has appointed Lycopodium Minerals Africa to review and update feasibility work for its Montepuez Graphite Project in Mozambique, which is permitted for up to 100,000 tonnes per year of graphite concentrate. The review will validate ...
Business Operations and Strategy
Total Graphite Reports Strong Infill Results to Support Vatomina Mine Restart
Positive
Sep 8, 2026
Total Graphite plc has reported encouraging initial infill drilling results from the Old Mine area at its Vatomina project in Madagascar, reinforcing confidence in the quality and continuity of its flake graphite resources. A key diamond drill hol...
Business Operations and Strategy
Total Graphite Reports High-Grade Near-Surface Finds at Madagascar’s Vatomina Project
Positive
Aug 17, 2026
Total Graphite plc has reported initial drilling results from the Tarandava block within its Vatomina mining licence in Madagascar, confirming near-surface graphite mineralisation with a peak assay of 18.62% total graphitic carbon. The work forms ...
Regulatory Filings and Compliance
Total Graphite Confirms 768.4 Million Voting Rights for FCA Disclosure
Neutral
Jul 31, 2026
Total Graphite plc has confirmed that, as of 31 July 2026, its issued share capital comprises 768,406,787 ordinary shares of £0.0001, each carrying one voting right, with no shares held in treasury. This means the total number of voting right...
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
Total Graphite Moves From Turnaround to Growth With Integrated Graphite Strategy
Positive
Jul 31, 2026
Total Graphite plc has reported its audited annual results for the year to 31 March 2026, marking a pivotal year in its turnaround and strategic repositioning. The company restored its London Stock Exchange listing, recapitalised its balance sheet...
Business Operations and StrategyProduct-Related Announcements
Total Graphite launches downstream programme to move up graphite value chain
Positive
Jul 29, 2026
Total Graphite plc has launched a downstream graphite development programme that marks the next phase of its plan to build an integrated graphite materials business. The initiative will convert concentrates from Madagascar and, later, Mozambique i...
Business Operations and StrategyExecutive/Board Changes
Total Graphite appoints new Madagascar operations chief as Vatomina restart plan advances
Positive
Jul 24, 2026
Total Graphite has intensified operational and geological work at its Vatomina project in Madagascar, advancing drilling, mine planning, infrastructure upgrades and final plant optimisation to lift performance. The efforts are geared toward securi...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Total Graphite Issues New Shares for CLN Conversion and Advisor Fees
Positive
Jul 23, 2026
Total Graphite plc has issued 5,958,863 new ordinary shares, primarily to settle advisor commissions and to convert outstanding 2022 convertible loan notes, as it continues to build its integrated graphite supply chain. The new shares, to be admit...
Business Operations and StrategyPrivate Placements and Financing
Total Graphite Pauses Madagascar Output to Optimise Assets and Advance Mozambique Growth
Positive
Jul 17, 2026
Total Graphite plc has launched a Strategic Portfolio Optimisation Programme that has led it to temporarily suspend production at its Vatomina mine in Madagascar. The company is focusing capital on a targeted drilling campaign, mine-plan refinemen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.