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India Carbon ₹825 ▼ 7.8% 1M

India Carbon Unlisted Shares

Chemicals Calcined petroleum coke and carbon paste

India Carbon Limited makes calcined petroleum coke and electrode carbon paste at plants in Guwahati and Budge Budge. Its FY26 revenue from operations was ₹168.30 crore and it made a loss after tax.

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Indicative price
As of 23 Oct 2026
₹825 ▼ 7.82% in 1 month
Dealer quotes: ₹825 – ₹867 across 3 dealers
Key facts

India Carbon share details

Lot size
100 shares
Min. investment
₹82,500
Face value
₹10
Implied market cap
₹219 Cr
Shares outstanding
2,650,000
Founded
1961
Headquarters
Guwahati, Assam
ISIN
INE743B01015
CIN
L23101AS1961PLC001173
Lock-in after IPO
6 months
Price history

India Carbon share price chart

1Y change
-7.82%
High
₹895
Low
₹825

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About India Carbon

India Carbon Limited is an Assam-based company listed on the Calcutta Stock Exchange. It makes calcined petroleum coke (CPC) and electrode carbon paste (ECP). CPC is a key raw material for the carbon anodes used by aluminium smelters, and ECP is used in electrode applications. The registered office and works are at Noonmati, Guwahati, and there is a second works at Budge Budge near Kolkata. In FY26 the company produced 42,188 MT of CPC and 4538 MT of ECP. It sold 35,695 MT of CPC and 4,540 MT of ECP. Revenue from operations was ₹16,830.12 lakh (about ₹168 crore), down 3.57% from the year before, because sales volume fell by 13.71% while realisation rose by 11.75%. The company made a loss after tax of ₹2,027.79 lakh in FY26, against a loss of ₹1,274.18 lakh in FY25. Net worth stood at ₹46,333.62 lakh, much of it held in listed shares. The largest holding is 69,90,000 shares of Amines & Plasticizers Ltd, carried at ₹9,005.22 lakh. Borrowings were ₹7,400.00 lakh, all short term. On ownership, the Himatsingka family and Shree Shyam Orchid Estate LLP are the promoters. The LLP holds 26.41%, and Shaurya Veer Himatsingka holds 8.96%. Oxbow Calcining LLC, USA, holds 30.66% and is listed among the shareholders above 5%. The share capital is 26,50,000 equity shares of ₹10 each. The company has no linked IPO on our site. Its shares trade only on the Calcutta Stock Exchange, and unlisted-market quotes are indicative off-market prices, with the current indicative price at ₹825 and a lot size of 100 shares. Deals happen privately between buyer and seller, so prices can differ from dealer to dealer.

Strengths

  • Two operating works at Guwahati and Budge Budge give the company production in both Assam and West Bengal. Production in FY26 was 42,188 MT of CPC and 4538 MT of ECP.
  • The balance sheet carries low operating debt against equity. Net worth was ₹46,333.62 lakh against total borrowings of ₹7,400.00 lakh at 31 March 2026.
  • The company holds large listed investments. Its 69,90,000 shares of Amines & Plasticizers Ltd were carried at ₹9,005.22 lakh, and current investments were ₹3,798.11 lakh.
  • Realisation per unit improved. The report says sales realisation was up 11.75% in FY26 even as volumes fell.
  • The Guwahati plant ran 228 days in FY26 against 130 days in FY25, so utilisation at that plant improved a lot.

Risks

  • The company is loss making. Loss after tax was ₹2,027.79 lakh in FY26 and ₹1,274.18 lakh in FY25, and the report mentions an operating loss before tax of Rs. 25.80 crores.
  • Sales volume fell 13.71% in FY26, with CPC sales down 14.99%. Revenue from operations fell 3.57% to ₹16,830.12 lakh.
  • Operations did not generate cash in FY26. Net cash flow from operating activities was negative ₹1,389.94 lakh, against positive ₹878.09 lakh in FY25.
  • Short-term borrowings rose from ₹5,200.00 lakh to ₹7,400.00 lakh, and finance costs rose from ₹176.76 lakh to ₹490.59 lakh.
  • Net worth fell from ₹53,449.89 lakh to ₹46,333.62 lakh, mainly because the Amines & Plasticizers shares lost value. That share price moved from Rs 214.20 to Rs 128.83 per the report, so the company's equity is exposed to one listed stock.
  • Plant running days are uneven. The Budge Budge works ran 150 days in FY26 against 245 days in FY25.
  • The report names the Middle East conflict, higher commodity prices and tighter financial conditions as downside risks to the outlook.
  • The shares trade on the Calcutta Stock Exchange and the unlisted market has no fixed price. Liquidity is thin and off-market quotes are indicative only.
Financials

India Carbon financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 168 175
PAT (₹ Cr) -20.28 -12.74
PAT Margin (%) -12.05 -7.30
RoNW (%) -4.38 -2.38
EPS (₹) -76.52 -48.08
Debt / Equity 0.16 0.10
Total Assets (₹ Cr) 548 608
Net Worth (₹ Cr) 463 535

Swipe the table sideways for earlier years →

Leadership

Management team

Rakesh Himatsingka
Chairman and Managing Director
Promoter and executive director of the company.
Shaurya Veer Himatsingka
Joint Managing Director & CEO
Promoter and executive director, son of Rakesh Himatsingka.
Manish Sinha
Chief Financial Officer
Listed as CFO in the FY26 annual report.
Bhaskar Rakshit
Company Secretary
Listed as company secretary in the FY26 annual report.
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Get a live quote on WhatsApp in under 60 seconds. Current price ₹825. Shares are delivered to your own demat in 24–48 hours, never to a custodian.

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FAQs

India Carbon unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.