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 ₹ 2,14,620 Cr.
- Current Price ₹ 3,154
- High / Low ₹ 3,180 / 2,502
- Stock P/E 484
- Book Value ₹ 812
- Dividend Yield 0.32 %
- ROCE 2.19 %
- ROE 0.81 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 195%
Cons
- Stock is trading at 3.88 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.23% over last 3 years.
- Earnings include an other income of Rs.1,658 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,300 | 8,969 | 10,346 | 15,786 | 20,550 | 16,082 | 12,386 | 20,857 | 26,840 | 25,847 | 31,563 | 41,039 | |
| 5,635 | 7,473 | 8,189 | 12,696 | 16,479 | 13,946 | 10,822 | 17,641 | 23,649 | 23,531 | 30,402 | 39,269 | |
| Operating Profit | 665 | 1,496 | 2,157 | 3,090 | 4,071 | 2,135 | 1,564 | 3,216 | 3,190 | 2,316 | 1,161 | 1,771 |
| OPM % | 11% | 17% | 21% | 20% | 20% | 13% | 13% | 15% | 12% | 9% | 4% | 4% |
| 322 | 326 | 472 | 179 | -1,800 | 270 | 527 | 1,182 | 920 | 541 | 1,531 | 1,658 | |
| Interest | 39 | 147 | 58 | 128 | 199 | 238 | 236 | 247 | 368 | 440 | 684 | 895 |
| Depreciation | 263 | 445 | 446 | 628 | 760 | 814 | 828 | 914 | 1,097 | 1,215 | 1,676 | 2,090 |
| Profit before tax | 685 | 1,230 | 2,125 | 2,513 | 1,312 | 1,354 | 1,027 | 3,237 | 2,645 | 1,202 | 333 | 444 |
| Tax % | 23% | 21% | 27% | 30% | 61% | 5% | 12% | 6% | 20% | 21% | 36% | 22% |
| 530 | 971 | 1,560 | 1,769 | 515 | 1,288 | 905 | 3,051 | 2,124 | 945 | 212 | 348 | |
| EPS in Rs | 11.17 | 20.12 | 32.33 | 26.03 | 7.58 | 18.95 | 13.31 | 44.85 | 31.21 | 14.36 | 3.12 | 5.12 |
| Dividend Payout % | 31% | 22% | 16% | 23% | 89% | 20% | 65% | 22% | 31% | 70% | 321% | 195% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 27% |
| 3 Years: | 15% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -12% |
| 3 Years: | -40% |
| TTM: | 139% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 18% |
| 3 Years: | 23% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 92 | 93 | 93 | 131 | 132 | 132 | 132 | 132 | 132 | 133 | 136 | 136 |
| Reserves | 11,091 | 13,778 | 16,138 | 44,658 | 41,828 | 37,560 | 42,816 | 48,484 | 46,823 | 51,982 | 54,262 | 55,141 |
| 1,115 | 1,839 | 701 | 2,969 | 3,311 | 5,158 | 4,223 | 4,384 | 5,352 | 9,729 | 11,863 | 12,490 | |
| 2,067 | 2,085 | 2,919 | 5,959 | 6,524 | 6,729 | 7,529 | 9,636 | 9,871 | 12,294 | 11,720 | 13,265 | |
| Total Liabilities | 14,365 | 17,796 | 19,851 | 53,718 | 51,794 | 49,579 | 54,700 | 62,636 | 62,177 | 74,138 | 77,981 | 81,032 |
| 5,188 | 6,963 | 6,887 | 10,817 | 11,232 | 12,234 | 10,966 | 14,858 | 16,220 | 17,105 | 23,730 | 24,721 | |
| CWIP | 450 | 318 | 375 | 745 | 1,567 | 2,793 | 4,033 | 1,743 | 2,926 | 7,131 | 2,785 | 1,776 |
| Investments | 5,350 | 7,100 | 8,996 | 35,547 | 31,128 | 27,542 | 33,640 | 38,691 | 33,897 | 39,212 | 39,635 | 42,114 |
| 3,377 | 3,416 | 3,592 | 6,609 | 7,867 | 7,009 | 6,060 | 7,345 | 9,135 | 10,689 | 11,830 | 12,421 | |
| Total Assets | 14,365 | 17,796 | 19,851 | 53,718 | 51,794 | 49,579 | 54,700 | 62,636 | 62,177 | 74,138 | 77,981 | 81,032 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 448 | 1,341 | 2,259 | 2,353 | 2,556 | 3,315 | 2,402 | 2,656 | 2,319 | 1,778 | -25 | 2,681 | |
| 27 | -697 | -844 | -1,910 | -2,263 | -4,277 | -875 | -1,896 | -2,190 | -5,586 | -2,883 | -1,524 | |
| -448 | -663 | -1,404 | -451 | -299 | 993 | -1,509 | -777 | -165 | 3,840 | 2,896 | -1,179 | |
| Net Cash Flow | 27 | -19 | 12 | -9 | -7 | 31 | 18 | -17 | -36 | 32 | -13 | -22 |
| Free Cash Flow | -21 | 700 | 1,838 | 1,301 | 517 | 645 | 1,219 | 125 | -1,693 | -3,728 | -3,852 | 698 |
| CFO/OP | 87% | 111% | 115% | 93% | 75% | 165% | 165% | 103% | 85% | 79% | -31% | 150% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 40 | 42 | 60 | 62 | 66 | 39 | 30 | 22 | 28 | 30 | 29 |
| Inventory Days | 146 | 132 | 131 | 129 | 110 | 131 | 143 | 153 | 127 | 141 | 121 | 80 |
| Days Payable | 49 | 49 | 84 | 113 | 89 | 132 | 174 | 180 | 133 | 148 | 97 | 84 |
| Cash Conversion Cycle | 137 | 124 | 89 | 77 | 83 | 65 | 8 | 2 | 16 | 21 | 54 | 24 |
| Working Capital Days | 68 | 16 | 27 | -1 | 10 | -25 | -65 | -42 | -28 | -37 | -11 | 28 |
| ROCE % | 5% | 10% | 13% | 9% | 8% | 4% | 2% | 6% | 6% | 4% | 2% | 2% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Caustic Soda Initial Capacity KTPA |
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| Caustic Soda Sales Volume KT |
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| Cellulosic Staple Fibre (CSF) Sales Volume KT |
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| Cement Sales Volume (Consolidated) Million Tonnes |
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| Cement Capacity (Grey Cement) MTPA |
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| Financial Services Lending Book (NBFC & HFC) ₹ Crore |
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| Paints Installed Capacity MLPA |
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| Paints Reach (Towns) Number |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
7h - Intimation under Regulation 33 and 47 of SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24h - Audio recording of earnings call for Q4 and FY26 audited results available on 20 May 2026.
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Proposed Subscription To The Equity Shares Of Aditya Birla Capital Limited, Subsidiary Of The Company
1d - Grasim approved up to ₹2,880 crore subscription in ABCL preferential issue on 20 May 2026; stake rises to 53.08%.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
1d - Grasim filed its FY2026 secretarial compliance report, showing full compliance and no additional non-compliances.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Presentation on Audited Financial Results (Standalone & Consolidated) for the year ended 31st March 2026
Annual reports
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Financial Year 2025
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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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Concalls
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May 2026TranscriptAI SummaryPPT
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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]