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 ₹ 1,84,203 Cr.
- Current Price ₹ 2,707
- High / Low ₹ 2,878 / 2,276
- Stock P/E 48.6
- Book Value ₹ 1,433
- Dividend Yield 0.37 %
- ROCE 7.60 %
- ROE 4.07 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 6.45% over last 3 years.
- Dividend payout has been low at 13.3% of profits over last 3 years
- Working capital days have increased from 57.8 days to 94.1 days
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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28,331 | 31,734 | 34,487 | 36,068 | 55,894 | 77,200 | 68,252 | 76,404 | 95,701 | 117,627 | 130,978 | 148,478 | |
23,416 | 26,590 | 28,576 | 28,682 | 44,281 | 60,560 | 57,880 | 57,769 | 75,270 | 96,038 | 103,783 | 120,216 | |
Operating Profit | 4,915 | 5,144 | 5,911 | 7,387 | 11,612 | 16,640 | 10,373 | 18,635 | 20,431 | 21,589 | 27,195 | 28,262 |
OPM % | 17% | 16% | 17% | 20% | 21% | 22% | 15% | 24% | 21% | 18% | 21% | 19% |
576 | 530 | 1,320 | 1,076 | 410 | -1,846 | 7,076 | 1,130 | 1,648 | 3,733 | 783 | 1,517 | |
Interest | 447 | 667 | 718 | 702 | 3,663 | 6,060 | 6,890 | 5,723 | 4,776 | 6,044 | 9,277 | 12,500 |
Depreciation | 1,457 | 1,563 | 1,834 | 1,808 | 2,724 | 3,571 | 4,004 | 4,033 | 4,161 | 4,552 | 5,001 | 6,454 |
Profit before tax | 3,586 | 3,443 | 4,679 | 5,952 | 5,635 | 5,163 | 6,554 | 10,009 | 13,143 | 14,727 | 13,700 | 10,825 |
Tax % | 20% | 30% | 26% | 29% | 35% | 47% | -1% | 30% | 15% | 25% | 28% | 28% |
2,954 | 2,582 | 3,455 | 4,246 | 3,688 | 2,745 | 6,639 | 6,987 | 11,206 | 11,078 | 9,926 | 7,756 | |
EPS in Rs | 43.66 | 36.75 | 51.15 | 65.64 | 39.43 | 24.91 | 64.90 | 63.30 | 110.96 | 100.33 | 85.42 | 54.46 |
Dividend Payout % | 9% | 9% | 9% | 8% | 15% | 27% | 6% | 14% | 9% | 10% | 12% | 18% |
Compounded Sales Growth | |
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10 Years: | 17% |
5 Years: | 17% |
3 Years: | 16% |
TTM: | 13% |
Compounded Profit Growth | |
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10 Years: | 9% |
5 Years: | -6% |
3 Years: | -20% |
TTM: | -34% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 36% |
3 Years: | 27% |
1 Year: | 11% |
Return on Equity | |
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10 Years: | 7% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 21,523 | 23,048 | 27,336 | 31,294 | 57,230 | 57,888 | 56,501 | 65,362 | 75,567 | 78,610 | 88,520 | 97,373 |
9,681 | 11,930 | 12,505 | 9,213 | 67,070 | 84,487 | 84,777 | 79,078 | 74,744 | 103,039 | 137,155 | 186,326 | |
16,441 | 18,963 | 19,642 | 22,147 | 83,467 | 98,620 | 102,772 | 122,777 | 138,706 | 155,042 | 186,309 | 216,701 | |
Total Liabilities | 47,736 | 54,033 | 59,576 | 62,747 | 207,899 | 241,127 | 244,181 | 267,349 | 289,149 | 336,823 | 412,116 | 500,536 |
25,209 | 31,828 | 34,271 | 34,786 | 69,257 | 87,129 | 87,736 | 85,023 | 88,996 | 94,896 | 100,494 | 141,303 | |
CWIP | 4,045 | 2,755 | 1,788 | 1,297 | 2,290 | 2,766 | 3,904 | 5,769 | 6,615 | 7,778 | 18,358 | 14,610 |
Investments | 7,611 | 7,255 | 10,601 | 14,200 | 65,995 | 62,747 | 66,337 | 88,017 | 96,766 | 105,355 | 129,306 | 102,734 |
10,872 | 12,194 | 12,916 | 12,464 | 70,356 | 88,484 | 86,204 | 88,540 | 96,771 | 128,793 | 163,959 | 241,889 | |
Total Assets | 47,736 | 54,033 | 59,576 | 62,747 | 207,899 | 241,127 | 244,181 | 267,349 | 289,149 | 336,823 | 412,116 | 500,536 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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3,549 | 4,594 | 5,868 | 7,288 | -4,140 | -1,659 | 16,620 | 15,075 | 7,038 | -12,685 | -10,719 | -17,170 | |
-2,336 | -2,359 | -4,515 | -3,509 | 1,546 | -2,212 | -11,364 | -7,146 | -1,053 | -13,712 | -23,114 | -23,982 | |
-1,046 | -2,278 | -1,365 | -3,799 | 3,449 | 4,158 | -3,418 | -8,003 | -6,733 | 26,469 | 33,908 | 42,978 | |
Net Cash Flow | 168 | -42 | -11 | -20 | 856 | 287 | 1,838 | -75 | -748 | 72 | 75 | 1,826 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Debtor Days | 32 | 30 | 32 | 30 | 34 | 32 | 31 | 21 | 21 | 18 | 19 | 23 |
Inventory Days | 209 | 207 | 168 | 163 | 170 | 154 | 179 | 179 | 200 | 180 | 194 | 179 |
Days Payable | 160 | 102 | 97 | 117 | 146 | 133 | 172 | 229 | 239 | 216 | 221 | 177 |
Cash Conversion Cycle | 82 | 136 | 103 | 76 | 58 | 53 | 38 | -29 | -18 | -17 | -7 | 25 |
Working Capital Days | 21 | -8 | -19 | -7 | 39 | 35 | -18 | 17 | 14 | 33 | 46 | 94 |
ROCE % | 10% | 9% | 11% | 13% | 10% | 8% | 8% | 9% | 9% | 10% | 9% | 8% |
Documents
Announcements
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Rumour verification - Regulation 30(11)
23m - Disclosure of material price movement in shares; no event triggered it, purely market driven.
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Announcement under Regulation 30 (LODR)-Allotment
6 Jun - Grasim allots ₹1,000 crore 6.56% rated NCDs maturing in 2030 on private placement basis.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Jun - Grasim schedules analyst and investor meetings on June 13, 18-19, 2025; no price sensitive info shared.
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Outcome Of Finance Committee Meeting Held On 2Nd June 2025
2 Jun - Approved issuance of Rs. 1,000 crore unsecured non-convertible debentures via private placement.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Jun - Newspaper Advertisement regarding public notice of transfer of equity shares of the Company to the Investor Education and Protection Fund.
Annual reports
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Financial Year 2024
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Financial Year 2023
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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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Financial Year 2011
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Concalls
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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]