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 ₹ 1,97,201 Cr.
- Current Price ₹ 2,898
- High / Low ₹ 2,979 / 2,276
- Stock P/E 666
- Book Value ₹ 799
- Dividend Yield 0.35 %
- ROCE 1.52 %
- ROE 0.35 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 141%
Cons
- Stock is trading at 3.66 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.1,602 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.
Peer comparison
Commodities Construction Materials Cement & Cement Products Cement & Cement Products
Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200
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 | 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 | 33,892 | |
| 4,706 | 5,635 | 7,473 | 8,189 | 12,696 | 16,479 | 13,946 | 10,822 | 17,641 | 23,649 | 23,531 | 30,402 | 32,692 | |
| Operating Profit | 861 | 665 | 1,496 | 2,157 | 3,090 | 4,071 | 2,135 | 1,564 | 3,216 | 3,190 | 2,316 | 1,161 | 1,201 |
| OPM % | 15% | 11% | 17% | 21% | 20% | 20% | 13% | 13% | 15% | 12% | 9% | 4% | 4% |
| 385 | 322 | 326 | 472 | 179 | -1,800 | 270 | 527 | 1,182 | 920 | 541 | 1,531 | 1,602 | |
| Interest | 42 | 39 | 147 | 58 | 128 | 199 | 238 | 236 | 247 | 368 | 440 | 684 | 750 |
| Depreciation | 220 | 263 | 445 | 446 | 628 | 760 | 814 | 828 | 914 | 1,097 | 1,215 | 1,676 | 1,806 |
| Profit before tax | 985 | 685 | 1,230 | 2,125 | 2,513 | 1,312 | 1,354 | 1,027 | 3,237 | 2,645 | 1,202 | 333 | 247 |
| 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 | 146 | |
| 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 | 2.42 |
| 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: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | -34% |
| 3 Years: | -60% |
| TTM: | -75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 30% |
| 3 Years: | 18% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 23,730 | |
| CWIP | 1,807 | 450 | 318 | 375 | 745 | 1,567 | 2,793 | 4,033 | 1,743 | 2,926 | 7,131 | 2,785 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 28 Oct
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Board Meeting Intimation for Considering And Approving The Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2025
27 Oct - Board meeting 5 Nov 2025 to approve unaudited Q2/H1 results; trading window closed until 7 Nov.
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Intimation of Repayment of Commercial Paper (CP)
23 Oct - Repaid ₹500 crore CP (ISIN INE047A14AL3) on maturity 23 Oct 2025; 10,000 CPs; outstanding Nil.
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Commencement Of Commercial Production Of Birla Opus Paints Plant At Kharagpur, West Bengal
15 Oct - Kharagpur Birla Opus plant started commercial production 15-Oct-2025; adds 236 MLPA; total capacity 1,332 MLPA.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
14 Oct - MPCB forfeited Rs15 lakh BG; interim directions dated 13 Oct 2025; top-up BG Rs30 lakh instructed.
Annual reports
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Financial Year 2025
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Financial Year 2018
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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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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]