India Carbon Ltd Unlisted Shares

Key Takeaways

• India Carbon Limited was established in 1961 and founded by Mr. B. Himatsingka — a pioneer in India’s carbon products industry with over six decades of operating history.
• The company’s core product is Calcined Petroleum Coke (CPC) — an essential raw material for aluminium smelting, where it is used to make the carbon anodes that conduct electricity in the smelting process.
• Recent price reference: around ₹895 per share, placing it among the higher-priced industrial unlisted shares.
• Sister company relationship: the Himatsingka family is also associated with Assam Carbon Products Limited (Guwahati), giving the group a broad presence across carbon and graphite products. See our Assam Carbon page →
• The structural driver: every tonne of aluminium produced requires roughly 0.4 tonnes of carbon anodes. India’s aluminium capacity expansion directly drives CPC demand.

Company Overview & Fundamentals

What Calcined Petroleum Coke Is — And Why It Matters

Green petroleum coke (a by-product of oil refining) is heated to very high temperatures in a rotary kiln — a process called calcining — which removes moisture and volatile matter, producing Calcined Petroleum Coke (CPC): a dense, high-purity carbon material.

Its primary use is aluminium smelting. In the Hall-Héroult process, aluminium is produced by passing electric current through alumina dissolved in molten cryolite, using carbon anodes. Those anodes are made largely from CPC. The anodes are consumed in the reaction — meaning CPC demand is directly proportional to aluminium production, and it must be continuously replenished.

Other applications: steel and titanium dioxide manufacture, graphite electrodes, and various carbon-based industrial products.

Why this is a genuinely attractive niche:

1. Consumable, not durable. Anodes are consumed in smelting. CPC demand recurs continuously as long as smelters operate.
2. Quality-critical. Aluminium smelters are extremely demanding about CPC specifications — sulphur content, metal impurities, real density. Qualification takes years, creating high switching costs.
3. Structural aluminium demand. Aluminium is central to electric vehicles, renewable energy infrastructure, packaging, construction and transmission lines.
4. India’s aluminium capacity is growing, and domestic CPC supply has historically lagged demand, requiring imports.

Why Consider India Carbon Unlisted Shares?

1. Six decades of operating history since 1961 — a genuine pioneer with deep technical knowledge
2. Essential consumable product — CPC is continuously consumed by aluminium smelters
3. High switching costs — smelters qualify CPC suppliers over years and rarely change
4. Aluminium demand tailwinds — EVs, renewables, transmission infrastructure and packaging all drive aluminium consumption
5. Import substitution opportunity — India has historically imported CPC, and domestic capacity is valuable
6. Established customer relationships with major aluminium producers
7. Group presence — the Himatsingka family’s associated carbon businesses provide sector depth

Risks to Consider — Read Carefully

1. Limited public financial disclosure. Detailed audited revenue, profit and balance-sheet data are not readily available. Request the latest filings from Arms Securities before investing — this is the most important step.
2. Raw material dependence. Green petroleum coke is sourced from refineries; availability and pricing are outside company control, and quality varies by crude slate.
3. Customer concentration. Aluminium smelting is dominated by a handful of large producers in India, giving buyers significant negotiating power.
4. Commodity cyclicality. Aluminium prices drive smelter utilisation, which drives CPC demand. Aluminium downturns hit CPC volumes directly.
5. Environmental regulation. Calcining is emissions-intensive. Tightening pollution norms require capital investment and can constrain operations — this has been a live issue for the Indian CPC industry.
6. Import competition, particularly from China, has periodically pressured domestic CPC pricing.
7. Energy-intensive process — power and fuel costs directly affect margins.
8. No IPO announced — OTC-only liquidity.
9. High per-share price at around ₹895 means substantial minimum tickets.

How to Buy from Arms Securities

Call/WhatsApp +91-8882245112 → request the latest available financials → confirm price and lot → share CMR → pay via NEFT/RTGS → shares credited in 24–48 hours.

FAQs

What is the current price of India Carbon unlisted shares?

A recent reference places India Carbon around ₹895 per share, though prices move with OTC demand. For today’s confirmed Arms Securities quote and available quantity, call +91-8882245112.

When was India Carbon established and by whom?

India Carbon Limited was established in 1961 and founded by Mr. B. Himatsingka. It is regarded as a pioneer in India’s carbon products industry.

What does India Carbon manufacture?

Its core product is Calcined Petroleum Coke (CPC) — produced by calcining green petroleum coke at high temperature. CPC is the essential raw material for the carbon anodes used in aluminium smelting, and is also used in steel, titanium dioxide manufacture and graphite electrodes.

Why is calcined petroleum coke important?

Because aluminium cannot be produced without carbon anodes, and those anodes are made largely from CPC. The anodes are consumed in the smelting reaction, so demand recurs continuously. Roughly 0.4 tonnes of carbon anode is required per tonne of aluminium produced.

Is India Carbon related to Assam Carbon Products?

Both companies are associated with the Himatsingka family. Assam Carbon Products Limited is based in Guwahati and manufactures carbon and graphite products including carbon brushes. They are separate legal entities — see our Assam Carbon page.

Is India Carbon profitable?

Detailed audited financials are not comprehensively available in the public domain. Request the latest available financial statements from Arms Securities at +91-8882245112 before investing.

+91-8882245112 | contact@armssecurities.com

Entity Summary, Analysis & FAQ

Entity Summary + Quick Answers

India Carbon at a glance

What does India Carbon make?

Calcined Petroleum Coke — produced by calcining green petroleum coke at high temperature. CPC is the essential raw material for the carbon anodes used in aluminium smelting, and is also used in steel, titanium dioxide manufacture and graphite electrodes.

Why is CPC demand structurally durable?

Because aluminium cannot be produced without carbon anodes, and those anodes are consumed in the smelting reaction — roughly 0.4 tonnes of carbon anode per tonne of aluminium. Demand recurs continuously as long as smelters operate.

The Aluminium Link Explained

In the Hall-Héroult process, aluminium is produced by passing electric current through alumina dissolved in molten cryolite, using carbon anodes. Those anodes are made largely from CPC — and they are burned away in the reaction.

This creates an unusually good demand profile:

What To Verify Before Buying

India Carbon does not publish detailed audited financials in the public domain. Before investing, ask Arms Securities to obtain:

1. Capacity and utilisation — how many tonnes per annum, running at what rate?
2. Customer list and concentration — Indian aluminium smelting is dominated by a handful of very large producers
3. Green petroleum coke sourcing — availability and pricing are outside company control
4. Environmental compliance status — calcining is emissions-intensive and has been a live regulatory issue for the Indian CPC industry
5. Latest revenue, PAT and debt position

 Call +91-8882245112 — we obtain these before you commit.

FAQ

Is India Carbon related to Assam Carbon Products?

Both companies are associated with the Himatsingka family. India Carbon (founded 1961 by Mr. B. Himatsingka) manufactures calcined petroleum coke; Assam Carbon Products (incorporated 17 April 1963) focuses on carbon brushes and graphite products. They are separate legal entities.

Why did the Indian CPC industry face environmental scrutiny?

Calcining is emissions-intensive. Tightening pollution norms have required capital investment and, at times, constrained operations across the Indian CPC industry. Ask about the company’s current compliance position.

Does Chinese competition affect India Carbon?

Yes. Import competition, particularly from China, has periodically pressured domestic CPC pricing.

What is the minimum investment?

At around ₹895 per share, minimum tickets depend on the current lot size. Call +91-8882245112.

Can I sell India Carbon shares?

Yes. Arms Securities buys, including physical certificates and inherited holdings — common for a company established in 1961. Call +91-8882245112.

Related Companies & Guides

• Assam Carbon Products — same promoter family
• ESL Steel Limited — Vedanta integrated steel
• Dalmia Refractories — refractories for the same smelting industries
• Amol Minechem — industrial minerals
• Anugraha Valve Castings

Guides:What Are Unlisted Shares • Physical Share Assistance • Tax on Unlisted Shares

How to Buy India Carbon Unlisted Shares — Complete Process

Buying India Carbon unlisted shares takes 24–48 hours from first call to shares landing in your demat account. Arms Securities has executed off-market transfers since 1990 — we are among the founder members of India’s unquoted stock market.

Step 1 — Get today’s live buy price

Call or WhatsApp +91-8882245112 or email contact@armssecurities.com with the company name (India Carbon) and the quantity or investment amount you have in mind. We reply with today’s confirmed buy price, available quantity and minimum lot size.

Unlisted share prices are not exchange-quoted — they move with OTC supply and demand — so a live quote matters more than any published figure.

Step 2 — Confirm the deal terms

We lock in the price per share, total quantity and consideration, settlement timeline (typically T+1 to T+2) and applicable stamp duty (0.015% on off-market transfers). Nothing moves until you confirm in writing on WhatsApp or email.

Step 3 — Share your demat details

Send your Client Master Report (CMR) — a one-page PDF from your broker’s app or Depository Participant containing your DP ID, Client ID, beneficiary name, depository (NSDL or CDSL) and PAN.

You do not need a special account. India Carbon shares are credited to your existing demat account — the same one you use for listed shares.

Step 4 — Transfer payment

Pay by NEFT, RTGS or IMPS to Arms Securities’ verified bank account. We share full details in writing with the deal confirmation. Never pay to an account shared verbally or by an unverified number — always confirm on +91-8882245112.

Step 5 — Receive shares in your demat account

We initiate the off-market transfer through NSDL or CDSL. Shares are credited within 24–48 hours of payment confirmation. You receive SMS and email from the depository, and the holding appears in your regular demat statement.

Documents required to buy India Carbon shares

Everything can be submitted digitally on WhatsApp or email. No physical paperwork, no courier, no branch visit.

Minimum investment in India Carbon shares

Minimum investment depends on the prevailing price and the minimum lot available at that moment — both change. Call +91-8882245112 for today’s exact minimum. For allocations above ₹10 lakh, see our bulk unlisted share transactions service.

Is it legal and safe to buy India Carbon unlisted shares?

Yes — trading in unlisted shares is completely legal in India.

One caution: SEBI has warned investors against unauthorised electronic platforms offering unlisted securities. Deal only with established intermediaries who settle through the depository system and who you can speak to on a phone number.

 Buy India Carbon shares — call/WhatsApp +91-8882245112

Related: buy unlisted shares in India • off-market share transfer • our transfer procedure • how to buy unlisted shares — step-by-step guide

Sell Your India Carbon Unlisted Shares — We Buy

Arms Securities buys India Carbon unlisted shares. If you hold them and want to exit, we provide a firm bid, handle the entire transfer, and pay by NEFT/RTGS within 24 hours of receiving the shares.

We buy in every format

Why sellers come to Arms Securities

Most brokers cannot help you. Your regular stockbroker can only trade listed shares on the exchange. Unlisted shares have no exchange — you need a dealer with an actual buyer network.

We have been that dealer since 1990. We are among the founder members of India’s unquoted stock market, we deal in physical certificates that most modern platforms refuse to touch, and we maintain a standing book of HNI and institutional buyers across 15+ states.

How to sell India Carbon shares — step by step

Step 1 — Tell us what you hold. Call/WhatsApp +91-8882245112 with the company name, quantity, and whether your shares are in demat or physical form.

Step 2 — Receive our bid. We quote a firm buy price based on current OTC demand. No obligation.

Step 3 — Submit documents.

For demat holdings: Demat account statement / Client Master Report • PAN card copy • Cancelled cheque • Delivery Instruction Slip (DIS)

For physical certificates: Original share certificates • PAN card copy • Address proof • Cancelled cheque • Transfer deed (Form SH-4) • If inherited: death certificate, succession certificate or legal heir documents

Step 4 — Transfer the shares. Demat: Submit a DIS to your DP transferring shares to Arms Securities — A/C 11323830, DP ID IN302365, DP: Shri Parasram Holdings Pvt. Ltd. You can also execute online via CDSL Easiest or NSDL Speed-e. Physical: Courier the certificates with signed transfer deed. We guide you through the exact process.

Step 5 — Receive payment. On confirmation of share receipt, we release payment by NEFT or RTGS — typically within 24 hours.

Selling inherited or old India Carbon share certificates

This is our specialism, and very few dealers in India offer it.

If you have found old India Carbon share certificates among family papers — perhaps belonging to a parent or grandparent — you likely have a valid, transferable asset.

1. Do not discard them. Old certificates frequently retain real value.
2. Photograph them and send to +91-8882245112. We verify authenticity and current status at no cost.
3. We check the company’s position — active, merged, renamed, delisted or dissolved — and tell you honestly what your holding represents today.
4. If the shares have value, we quote and buy. If not, we explain the position and the capital-loss tax set-off available to you.

Full physical share certificate guide →

Tax when you sell India Carbon unlisted shares

• No STT (Securities Transaction Tax) applies to unlisted share transactions
• Stamp duty of 0.015% applies on off-market transfers, collected by the depository
• For inherited shares, the holding period includes the original owner’s period — often making gains long-term automatically
• For NRIs, TDS provisions apply; we guide on documentation

If the shares later list, post-listing tax treatment changes to listed-share rules (12-month LTCG threshold), with the holding period counted from your original purchase date.

 Complete tax guide on unlisted shares • Capital gains tax on unlisted shares

Consult a Chartered Accountant for your specific situation.

 Sell your India Carbon shares — call/WhatsApp +91-8882245112 for a firm bid

Related: sell unlisted shares in India • physical & demat share assistance

Trust & Contact Block

Why Buy and Sell India Carbon Shares Through Arms Securities?

Our pre-IPO track record

Arms Securities identified and supplied pre-IPO shares in companies that became genuine multibaggers for our clients:

DLF • D-Mart (Avenue Supermarts) • Nazara Technologies • LUX Industries • ISGEC Heavy Engineering • L&T Infotech (now LTIMindtree)

 The full 35-year Arms Securities story • Arms Securities vs UnlistedZone • ⭐ Client success stories

Contact:  +91-8882245112 (Call/WhatsApp) • +91-9899131155 • +91-11-47000023  contact@armssecurities.com •  www.armssecurities.com Mon–Fri 9:30–18:00 • Sat 10:00–14:00

Related guides: What are unlisted shares in India • Best unlisted shares to buy in 2026 • Full unlisted share price list • Unlisted shares FAQ • Contact Arms Securities

 PROFIT & LOSS STATEMENT OF INDIA CARBON LIMITED (In Rs. Lakhs)

 BALANCE SHEET OF INDIA CARBON LIMITED (In Rs. Lakhs)