Grasim Industries Ltd
Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertiliser, textile, etc. [1]
- Market Cap ₹ 1,77,858 Cr.
- Current Price ₹ 2,614
- High / Low ₹ 2,878 / 2,172
- Stock P/E 562
- Book Value ₹ 799
- Dividend Yield 0.38 %
- ROCE 1.84 %
- ROE 0.59 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 141%
Cons
- Stock is trading at 3.27 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.47% over last 3 years.
- Earnings include an other income of Rs.1,551 Cr.
- Working capital days have increased from 13.4 days to 62.0 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Manmade
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,567 | 6,300 | 8,969 | 10,346 | 15,786 | 20,550 | 16,082 | 12,386 | 20,857 | 26,840 | 25,847 | 31,563 | |
4,706 | 5,635 | 7,473 | 8,189 | 12,696 | 16,479 | 13,946 | 10,822 | 17,641 | 23,649 | 23,531 | 30,422 | |
Operating Profit | 861 | 665 | 1,496 | 2,157 | 3,090 | 4,071 | 2,135 | 1,564 | 3,216 | 3,190 | 2,316 | 1,141 |
OPM % | 15% | 11% | 17% | 21% | 20% | 20% | 13% | 13% | 15% | 12% | 9% | 4% |
385 | 322 | 326 | 472 | 179 | -1,800 | 270 | 527 | 1,182 | 920 | 541 | 1,551 | |
Interest | 42 | 39 | 147 | 58 | 128 | 199 | 238 | 236 | 247 | 368 | 440 | 684 |
Depreciation | 220 | 263 | 445 | 446 | 628 | 760 | 814 | 828 | 914 | 1,097 | 1,215 | 1,676 |
Profit before tax | 985 | 685 | 1,230 | 2,125 | 2,513 | 1,312 | 1,354 | 1,027 | 3,237 | 2,645 | 1,202 | 333 |
Tax % | 9% | 23% | 21% | 27% | 30% | 61% | 5% | 12% | 6% | 20% | 21% | 36% |
896 | 530 | 971 | 1,560 | 1,769 | 515 | 1,288 | 905 | 3,051 | 2,124 | 945 | 212 | |
EPS in Rs | 18.88 | 11.17 | 20.12 | 32.33 | 26.03 | 7.58 | 18.95 | 13.31 | 44.85 | 31.21 | 14.36 | 3.12 |
Dividend Payout % | 22% | 31% | 22% | 16% | 23% | 89% | 20% | 65% | 22% | 31% | 70% | 321% |
Compounded Sales Growth | |
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10 Years: | 17% |
5 Years: | 14% |
3 Years: | 15% |
TTM: | 22% |
Compounded Profit Growth | |
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10 Years: | -4% |
5 Years: | -27% |
3 Years: | -53% |
TTM: | -76% |
Stock Price CAGR | |
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10 Years: | 16% |
5 Years: | 35% |
3 Years: | 23% |
1 Year: | 9% |
Return on Equity | |
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10 Years: | 4% |
5 Years: | 3% |
3 Years: | 2% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 92 | 92 | 93 | 93 | 131 | 132 | 132 | 132 | 132 | 132 | 133 | 136 |
Reserves | 10,736 | 11,091 | 13,778 | 16,138 | 44,658 | 41,828 | 37,560 | 42,816 | 48,484 | 46,823 | 51,982 | 54,262 |
1,302 | 1,115 | 1,839 | 701 | 2,969 | 3,311 | 5,158 | 4,223 | 4,384 | 5,352 | 9,729 | 11,863 | |
1,748 | 2,067 | 2,085 | 2,919 | 5,959 | 6,524 | 6,729 | 7,529 | 9,636 | 9,871 | 12,294 | 11,720 | |
Total Liabilities | 13,878 | 14,365 | 17,796 | 19,851 | 53,718 | 51,794 | 49,579 | 54,700 | 62,636 | 62,177 | 74,138 | 77,981 |
3,548 | 5,188 | 6,963 | 6,887 | 10,817 | 11,232 | 12,234 | 10,966 | 14,858 | 16,220 | 17,105 | 23,739 | |
CWIP | 1,807 | 450 | 318 | 375 | 745 | 1,567 | 2,793 | 4,033 | 1,743 | 2,926 | 7,131 | 2,776 |
Investments | 5,604 | 5,350 | 7,100 | 8,996 | 35,547 | 31,128 | 27,542 | 33,640 | 38,691 | 33,897 | 39,212 | 39,635 |
2,919 | 3,377 | 3,416 | 3,592 | 6,609 | 7,867 | 7,009 | 6,060 | 7,345 | 9,135 | 10,689 | 11,830 | |
Total Assets | 13,878 | 14,365 | 17,796 | 19,851 | 53,718 | 51,794 | 49,579 | 54,700 | 62,636 | 62,177 | 74,138 | 77,981 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
62 | 448 | 1,341 | 2,259 | 2,353 | 2,556 | 3,315 | 2,402 | 2,656 | 2,319 | 1,778 | -25 | |
221 | 27 | -697 | -844 | -1,910 | -2,263 | -4,277 | -875 | -1,896 | -2,190 | -5,586 | -2,883 | |
-274 | -448 | -663 | -1,404 | -451 | -299 | 993 | -1,509 | -777 | -165 | 3,840 | 2,896 | |
Net Cash Flow | 10 | 27 | -19 | 12 | -9 | -7 | 31 | 18 | -17 | -36 | 32 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Debtor Days | 40 | 40 | 40 | 42 | 60 | 62 | 66 | 39 | 30 | 22 | 28 | 30 |
Inventory Days | 149 | 146 | 132 | 131 | 129 | 110 | 131 | 143 | 153 | 127 | 141 | 121 |
Days Payable | 55 | 49 | 49 | 84 | 113 | 89 | 132 | 174 | 180 | 133 | 148 | 97 |
Cash Conversion Cycle | 134 | 137 | 124 | 89 | 77 | 83 | 65 | 8 | 2 | 16 | 21 | 54 |
Working Capital Days | 66 | 72 | 56 | 29 | 39 | 43 | 25 | -33 | -20 | -14 | -7 | 62 |
ROCE % | 8% | 5% | 10% | 13% | 9% | 8% | 4% | 2% | 6% | 6% | 4% | 2% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 34m
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 May - Grasim schedules investor meeting with Aberdeen Asset Management on 26 May 2025 in Mumbai.
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Audio Recording - Earnings Call
23 May - Audio recording of Grasim's FY25 earnings call available online as of May 23, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Intimation under Regulations 33 and 47 of SEBI (LODR) Regulations, 2015
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2025TranscriptNotesPPT
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Business Segments
Grasim, the flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India, with a presence across various businesses: [1]