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 ₹ 2,10,286 Cr.
- Current Price ₹ 3,090
- High / Low ₹ 3,412 / 2,502
- Stock P/E 36.6
- Book Value ₹ 1,520
- Dividend Yield 0.32 %
- ROCE 8.01 %
- ROE 4.98 %
- Face Value ₹ 2.00
Pros
- Promoter holding has increased by 1.47% over last quarter.
Cons
- Company has a low return on equity of 5.21% over last 3 years.
- Dividend payout has been low at 14.6% of profits over last 3 years
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31,734 | 34,487 | 36,068 | 55,894 | 77,200 | 68,252 | 76,404 | 95,701 | 117,627 | 130,978 | 148,478 | 175,431 | 184,029 | |
| Sales growth | +12% | +9% | +5% | +55% | +38% | -12% | +12% | +25% | +23% | +11% | +13% | +18% | +20% |
| 26,590 | 28,576 | 28,682 | 44,281 | 60,560 | 57,880 | 57,769 | 75,270 | 96,038 | 103,783 | 120,216 | 139,135 | 145,462 | |
| Operating Profit | 5,144 | 5,911 | 7,387 | 11,612 | 16,640 | 10,373 | 18,635 | 20,431 | 21,589 | 27,195 | 28,262 | 36,296 | 38,567 |
| OPM % | 16% | 17% | 20% | 21% | 22% | 15% | 24% | 21% | 18% | 21% | 19% | 21% | 21% |
| 530 | 1,320 | 1,076 | 410 | -1,846 | 7,076 | 1,130 | 1,648 | 3,733 | 783 | 1,517 | 1,047 | 932 | |
| Interest | 667 | 718 | 702 | 3,663 | 6,060 | 6,890 | 5,723 | 4,776 | 6,044 | 9,277 | 12,500 | 15,144 | 15,891 |
| Depreciation | 1,563 | 1,834 | 1,808 | 2,724 | 3,571 | 4,004 | 4,033 | 4,161 | 4,552 | 5,001 | 6,454 | 7,726 | 7,904 |
| Profit before tax | 3,443 | 4,679 | 5,952 | 5,635 | 5,163 | 6,554 | 10,009 | 13,143 | 14,727 | 13,700 | 10,825 | 14,473 | 15,704 |
| Tax % | 30% | 26% | 29% | 35% | 47% | -1% | 30% | 15% | 25% | 28% | 28% | 29% | |
| 2,582 | 3,455 | 4,246 | 3,688 | 2,745 | 6,639 | 6,987 | 11,206 | 11,078 | 9,926 | 7,756 | 10,300 | 11,261 | |
| EPS in Rs | 37.83 | 52.68 | 67.58 | 40.58 | 25.64 | 66.80 | 65.16 | 114.23 | 103.29 | 85.42 | 54.46 | 72.98 | 82.75 |
| Dividend Payout % | 9% | 9% | 8% | 15% | 27% | 6% | 14% | 9% | 10% | 12% | 18% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 2% |
| 3 Years: | -10% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 12% |
| 3 Years: | 18% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 7% |
| 3 Years: | 5% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 23,048 | 27,336 | 31,294 | 57,230 | 57,888 | 56,501 | 65,362 | 75,567 | 78,610 | 88,520 | 97,373 | 103,334 |
| 11,930 | 12,505 | 9,213 | 67,070 | 84,487 | 84,777 | 79,078 | 74,744 | 103,039 | 137,155 | 186,326 | 227,853 | |
| 18,963 | 19,642 | 22,147 | 83,467 | 98,620 | 102,772 | 122,777 | 138,706 | 155,042 | 186,309 | 216,206 | 237,811 | |
| Total Liabilities | 54,033 | 59,576 | 62,747 | 207,899 | 241,127 | 244,181 | 267,349 | 289,149 | 336,823 | 412,116 | 500,040 | 569,134 |
| 31,828 | 34,271 | 34,786 | 69,257 | 87,129 | 87,736 | 85,023 | 88,996 | 94,896 | 100,494 | 141,148 | 149,452 | |
| CWIP | 2,755 | 1,788 | 1,297 | 2,290 | 2,766 | 3,904 | 5,769 | 6,615 | 7,778 | 18,358 | 14,765 | 16,465 |
| Investments | 7,255 | 10,601 | 14,200 | 65,995 | 62,747 | 66,337 | 88,017 | 96,766 | 105,355 | 129,306 | 140,496 | 154,982 |
| 12,194 | 12,916 | 12,464 | 70,356 | 88,484 | 86,204 | 88,540 | 96,771 | 128,793 | 163,959 | 203,632 | 248,236 | |
| Total Assets | 54,033 | 59,576 | 62,747 | 207,899 | 241,127 | 244,181 | 267,349 | 289,149 | 336,823 | 412,116 | 500,040 | 569,134 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,594 | 5,868 | 7,288 | -4,140 | -1,659 | 16,620 | 15,075 | 7,038 | -12,685 | -10,719 | -17,170 | -17,810 | |
| -2,359 | -4,515 | -3,509 | 1,546 | -2,212 | -11,364 | -7,146 | -1,053 | -13,712 | -23,114 | -23,313 | -17,798 | |
| -2,278 | -1,365 | -3,799 | 3,449 | 4,158 | -3,418 | -8,003 | -6,733 | 26,469 | 33,908 | 42,978 | 33,523 | |
| Net Cash Flow | -42 | -11 | -20 | 856 | 287 | 1,838 | -75 | -748 | 72 | 75 | 2,495 | -2,085 |
| Free Cash Flow | 1,315 | 3,120 | 5,495 | -7,186 | -5,667 | 11,638 | 11,525 | -1,467 | -24,610 | -30,042 | -33,688 | -33,130 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 95% | 119% | 112% | -21% | 1% | 177% | 91% | 49% | -49% | -30% | -52% | -42% |
Ratios
Consolidated / View Standalone
| 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 | 30 | 32 | 30 | 34 | 32 | 31 | 21 | 21 | 18 | 19 | 23 | 23 |
| Inventory Days | 207 | 168 | 163 | 170 | 154 | 179 | 179 | 200 | 180 | 194 | 179 | 130 |
| Days Payable | 102 | 97 | 117 | 146 | 133 | 172 | 229 | 239 | 216 | 221 | 177 | 152 |
| Cash Conversion Cycle | 136 | 103 | 76 | 58 | 53 | 38 | -29 | -18 | -17 | -7 | 25 | 1 |
| Working Capital Days | -44 | -56 | -19 | -95 | -47 | -84 | -103 | -88 | -75 | -91 | -105 | -81 |
| ROCE % | 9% | 11% | 13% | 10% | 8% | 8% | 9% | 9% | 10% | 9% | 8% | 8% |
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 ・Standalone data |
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| Caustic Soda Sales Volume KT ・Standalone data |
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| Cellulosic Staple Fibre (CSF) Sales Volume KT ・Standalone data |
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| UltraTech Cement Sales Volume MnT |
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| Chlorine Integration Level % ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Intimation of schedule of Analysts / Institutional Investor Meet - Conference call on the Unaudited Financial Results of the Company
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Update On Acquisition Of Solenergi Power Private Limited By Aditya Birla Renewables Limited, A Subsidiary Of The Company
- CCI approved ABReN’s acquisition of Solenergi Power Pvt Ltd from Shell Overseas Investment BV.
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Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2026
- Board meeting on 13 November 2026 to approve Q2 FY27 standalone and consolidated results.
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Intimation of Repayment of Commercial Paper (CP)
- Grasim fully repaid 15,000 commercial papers worth ₹750 crore on 26 October 2026.
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Rumour verification - Regulation 30(11)
- Bombay HC quashed reassessment notice over alleged Rs 329 crore Vodafone Idea rights issue income.
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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Aug 2015PPT
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]