Grasim Industries Ltd

Grasim Industries Ltd

₹ 2,740 -0.15%
27 Nov - close price
About

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]

Key Points

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]

  • Market Cap 1,86,452 Cr.
  • Current Price 2,740
  • High / Low 2,979 / 2,276
  • Stock P/E 542
  • Book Value 808
  • Dividend Yield 0.36 %
  • ROCE 1.52 %
  • ROE 0.35 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 141%

Cons

  • Stock is trading at 3.39 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.37% over last 3 years.
  • Earnings include an other income of Rs.1,778 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
6,196 6,646 6,238 6,442 6,400 6,768 6,894 7,623 8,120 8,926 9,223 9,610
5,719 6,220 5,564 5,848 5,878 6,241 6,569 7,298 7,850 8,705 8,839 9,244
Operating Profit 477 426 673 594 522 527 325 325 271 221 385 366
OPM % 8% 6% 11% 9% 8% 8% 5% 4% 3% 2% 4% 4%
103 116 116 760 120 -455 93 1,244 102 113 144 1,419
Interest 89 107 106 107 107 121 140 161 181 201 206 203
Depreciation 276 300 288 292 296 339 349 406 421 501 478 502
Profit before tax 215 135 396 955 239 -388 -70 1,002 -230 -368 -156 1,081
Tax % -20% 31% 10% 17% 1% 14% -26% 28% -27% -22% -24% 26%
257 94 355 795 236 -441 -52 721 -169 -288 -118 805
EPS in Rs 3.78 1.37 5.22 11.68 3.47 -6.70 -0.79 10.95 -2.56 -4.23 -1.74 11.82
Raw PDF

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 TTM
5,567 6,300 8,969 10,346 15,786 20,550 16,082 12,386 20,857 26,840 25,847 31,563 35,880
4,706 5,635 7,473 8,189 12,696 16,479 13,946 10,822 17,641 23,649 23,531 30,402 34,638
Operating Profit 861 665 1,496 2,157 3,090 4,071 2,135 1,564 3,216 3,190 2,316 1,161 1,242
OPM % 15% 11% 17% 21% 20% 20% 13% 13% 15% 12% 9% 4% 3%
385 322 326 472 179 -1,800 270 527 1,182 920 541 1,531 1,778
Interest 42 39 147 58 128 199 238 236 247 368 440 684 792
Depreciation 220 263 445 446 628 760 814 828 914 1,097 1,215 1,676 1,902
Profit before tax 985 685 1,230 2,125 2,513 1,312 1,354 1,027 3,237 2,645 1,202 333 326
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 2,124 945 212 230
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 3.29
Dividend Payout % 22% 31% 22% 16% 23% 89% 20% 65% 22% 31% 70% 321%
Compounded Sales Growth
10 Years: 17%
5 Years: 14%
3 Years: 15%
TTM: 30%
Compounded Profit Growth
10 Years: -9%
5 Years: -34%
3 Years: -60%
TTM: -70%
Stock Price CAGR
10 Years: 16%
5 Years: 26%
3 Years: 17%
1 Year: 7%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 2%
Last Year: 0%

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 Sep 2025
Equity Capital 92 92 93 93 131 132 132 132 132 132 133 136 136
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 54,878
1,302 1,115 1,839 701 2,969 3,311 5,158 4,223 4,384 5,352 9,729 11,863 12,946
1,748 2,067 2,085 2,919 5,959 6,524 6,729 7,529 9,636 9,871 12,294 11,720 12,290
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 80,251
3,548 5,188 6,963 6,887 10,817 11,232 12,234 10,966 14,858 16,220 17,105 23,730 23,527
CWIP 1,807 450 318 375 745 1,567 2,793 4,033 1,743 2,926 7,131 2,785 3,116
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 41,665
2,919 3,377 3,416 3,592 6,609 7,867 7,009 6,060 7,345 9,135 10,689 11,830 11,943
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 80,251

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
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 58 68 16 27 -1 10 -25 -65 -42 -28 -37 -11
ROCE % 8% 5% 10% 13% 9% 8% 4% 2% 6% 6% 4% 2%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
42.75% 42.75% 42.75% 42.75% 42.75% 43.05% 43.05% 43.11% 43.11% 43.11% 43.11% 43.11%
12.58% 12.45% 12.29% 12.17% 12.52% 12.70% 13.69% 13.78% 13.50% 13.45% 13.79% 14.37%
16.48% 16.82% 16.82% 16.90% 16.70% 16.69% 16.66% 17.75% 17.90% 18.24% 17.91% 17.27%
27.88% 27.69% 27.82% 27.80% 27.69% 27.24% 26.29% 25.04% 25.17% 24.87% 24.87% 24.92%
0.31% 0.30% 0.30% 0.35% 0.33% 0.31% 0.30% 0.31% 0.31% 0.30% 0.30% 0.31%
No. of Shareholders 2,47,0652,47,2652,43,2652,39,7802,34,4462,52,3172,53,6712,65,2022,58,9552,55,1692,47,6282,44,718

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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