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 ₹ 1,93,318 Cr.
- Current Price ₹ 2,844
- High / Low ₹ 2,898 / 2,276
- Stock P/E 51.0
- Book Value ₹ 1,433
- Dividend Yield 0.35 %
- 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 16% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | -6% |
3 Years: | -20% |
TTM: | -34% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 36% |
3 Years: | 28% |
1 Year: | 7% |
Return on Equity | |
---|---|
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8h - Scheduled analyst and investor meetings on June 30, 2025; no price sensitive info to be shared.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
27 Jun - Postal ballot approves Himanshu Kapania as MD, remuneration to ex-MD, and related party transactions.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
27 Jun - Postal ballot approved appointment of Himanshu Kapania as MD and related party transactions.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 Jun - Grasim schedules analyst/investor meetings on June 26, 27, and 30, 2025; no price sensitive info shared.
-
Commencement Of Commercial Production Of Resin Manufacturing Block At Mahad, Maharashtra
25 Jun - Started commercial production of resin block at Mahad plant with 22 million litres annual capacity.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
Concalls
-
May 2025Transcript PPT
-
May 2025TranscriptNotesPPT
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Mar 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
May 2021Transcript PPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Aug 2020Transcript PPT
-
Jun 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Aug 2019Transcript PPT
-
May 2019Transcript PPT
-
Apr 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018Transcript PPT
-
May 2018TranscriptNotesPPT
-
Feb 2018Transcript PPT
-
Nov 2017Transcript PPT
-
Aug 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Aug 2016TranscriptNotesPPT
-
Oct 2015TranscriptNotesPPT
-
Aug 2015TranscriptNotesPPT
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]