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 ₹ 2,17,159 Cr.
- Current Price ₹ 3,191
- High / Low ₹ 3,412 / 2,502
- Stock P/E 258
- Book Value ₹ 812
- Dividend Yield 0.31 %
- ROCE 2.15 %
- ROE 0.77 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 195%
Cons
- Stock is trading at 3.93 times its book value
- Company has a low return on equity of 1.30% over last 3 years.
- Earnings include an other income of Rs.1,659 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,300 | 8,969 | 10,346 | 15,786 | 20,550 | 16,082 | 12,386 | 20,857 | 26,840 | 25,847 | 31,563 | 41,039 | 43,611 | |
| 5,635 | 7,473 | 8,189 | 12,696 | 16,479 | 13,946 | 10,822 | 17,641 | 23,649 | 23,531 | 30,402 | 39,259 | 41,275 | |
| Operating Profit | 665 | 1,496 | 2,157 | 3,090 | 4,071 | 2,135 | 1,564 | 3,216 | 3,190 | 2,316 | 1,161 | 1,781 | 2,336 |
| OPM % | 11% | 17% | 21% | 20% | 20% | 13% | 13% | 15% | 12% | 9% | 3.7% | 4.3% | 5% |
| 322 | 326 | 472 | 179 | -1,800 | 270 | 527 | 1,182 | 920 | 541 | 1,531 | 1,648 | 1,659 | |
| Interest | 39 | 147 | 58 | 128 | 199 | 238 | 236 | 247 | 368 | 440 | 684 | 895 | 958 |
| Depreciation | 263 | 445 | 446 | 628 | 760 | 814 | 828 | 914 | 1,097 | 1,215 | 1,676 | 2,090 | 2,138 |
| Profit before tax | 685 | 1,230 | 2,125 | 2,513 | 1,312 | 1,354 | 1,027 | 3,237 | 2,645 | 1,202 | 333 | 444 | 898 |
| 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 | 713 | |
| 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 | 10.48 |
| 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: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -13% |
| 3 Years: | -41% |
| TTM: | 185% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 14% |
| 3 Years: | 19% |
| 1 Year: | 16% |
| 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 | 24,702 | |
| CWIP | 450 | 318 | 375 | 745 | 1,567 | 2,793 | 4,033 | 1,743 | 2,926 | 7,131 | 2,785 | 1,795 |
| 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 | 605 |
| CFO/OP | 87% | 111% | 115% | 93% | 75% | 165% | 165% | 103% | 85% | 79% | -31% | 149% |
Ratios
Standalone / 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 | -10 |
| ROCE % | 5% | 10% | 13% | 9% | 8% | 4% | 2% | 6% | 6% | 4% | 2% | 2% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Installed Grey Cement Capacity MTPA |
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| Caustic Soda (Chlor-Alkali) Installed 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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| UltraTech Cement Sales Volume MnT |
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| Chlorine Integration Level % |
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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
- Newspaper Advertisement - Public Notice regarding loss of Share Certificates
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Intimation of Repayment of Commercial Paper (CP)
- Grasim repaid ₹750 crore commercial papers in full on 24 September 2026; outstanding nil.
- Closure of Trading Window
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Allotment Of Equity Shares By Aditya Birla Renewables Limited, A Subsidiary Of The Company
- ABReN allotted 23.15 crore shares to Grasim for ₹235 crore on 23 September 2026.
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Intimation of Repayment of Commercial Paper (CP)
- Grasim fully repaid 800 crore commercial papers on 18 September 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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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]