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 ₹ 2,14,722 Cr.
- Current Price ₹ 3,155
- High / Low ₹ 3,224 / 2,502
- Stock P/E 42.3
- Book Value ₹ 1,520
- Dividend Yield 0.31 %
- ROCE 8.07 %
- ROE 5.05 %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.24% 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31,734 | 34,487 | 36,068 | 55,894 | 77,200 | 68,252 | 76,404 | 95,701 | 117,627 | 130,978 | 148,478 | 175,431 | |
| 26,590 | 28,576 | 28,682 | 44,281 | 60,560 | 57,880 | 57,769 | 75,270 | 96,038 | 103,783 | 120,216 | 139,135 | |
| 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 |
| OPM % | 16% | 17% | 20% | 21% | 22% | 15% | 24% | 21% | 18% | 21% | 19% | 21% |
| 530 | 1,320 | 1,076 | 410 | -1,846 | 7,076 | 1,130 | 1,648 | 3,733 | 783 | 1,517 | 1,047 | |
| Interest | 667 | 718 | 702 | 3,663 | 6,060 | 6,890 | 5,723 | 4,776 | 6,044 | 9,277 | 12,500 | 15,144 |
| 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 |
| 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 |
| 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 | |
| EPS in Rs | 36.75 | 51.15 | 65.64 | 39.43 | 24.91 | 64.90 | 63.30 | 110.96 | 100.33 | 85.42 | 54.46 | 72.98 |
| 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: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 3% |
| 3 Years: | -9% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 22% |
| 1 Year: | 13% |
| 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 | 238,232 | |
| Total Liabilities | 54,033 | 59,576 | 62,747 | 207,899 | 241,127 | 244,181 | 267,349 | 289,149 | 336,823 | 412,116 | 500,040 | 569,555 |
| 31,828 | 34,271 | 34,786 | 69,257 | 87,129 | 87,736 | 85,023 | 88,996 | 94,896 | 100,494 | 141,148 | 150,040 | |
| CWIP | 2,755 | 1,788 | 1,297 | 2,290 | 2,766 | 3,904 | 5,769 | 6,615 | 7,778 | 18,358 | 14,765 | 15,877 |
| Investments | 7,255 | 10,601 | 14,200 | 65,995 | 62,747 | 66,337 | 88,017 | 96,766 | 105,355 | 129,306 | 140,496 | 114,564 |
| 12,194 | 12,916 | 12,464 | 70,356 | 88,484 | 86,204 | 88,540 | 96,771 | 128,793 | 163,959 | 203,632 | 289,074 | |
| Total Assets | 54,033 | 59,576 | 62,747 | 207,899 | 241,127 | 244,181 | 267,349 | 289,149 | 336,823 | 412,116 | 500,040 | 569,555 |
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 | -17,803 | |
| -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 | -2,090 |
| 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/OP | 95% | 119% | 112% | -21% | 1% | 177% | 91% | 49% | -49% | -30% | -52% | -42% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -26 |
| 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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Deduction Of Tax At Source On Dividend - Shareholders Communication
29 Jun - Grasim shares dividend TDS rules; Rs10 dividend recommendation subject AGM, documents due by 31 July 2026.
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Intimation of Repayment of Commercial Paper (CP)
25 Jun - Grasim repaid ₹750 crore commercial papers in full on 25 June 2026.
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Closure of Trading Window
23 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY2027 results.
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Announcement under Regulation 30 (LODR)-Acquisition
23 Jun - Grasim acquires 8.09 crore ABCL shares for Rs 2,880 crore; stake rises to 52.30%.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Jun - Newspaper Advertisement regarding Special Window - Re - Lodgement for Transfer and Dematerialisation of Physical Securities
Annual reports
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Financial Year 2012
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Financial Year 2012
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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]