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Grasim Industries

₹2375.7 19.1 | 0.8%

Market Cap ₹161674 Cr.

Stock P/E 27.9

P/B 1.8

Current Price ₹2375.7

Book Value ₹ 1319.1

Face Value 2

52W High ₹2500

Dividend Yield 0.42%

52W Low ₹ 1661.3

Grasim Industries Research see more...

Overview Inc. Year: 1947Industry: Diversified

Grasim Industries Ltd is an India-based company. The company is producer of viscose staple fiber, chlor-alkali, linen, insulators, textiles, chemical substances, viscose filament yarn (VFY), and fertilizers.

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Grasim Industries Share Price

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Peer Comparison

Grasim Industries Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 22567 24402 28811 28042 27486 28638 33462 31065 30221 31965
Other Income 250 122 180 168 252 2972 220 296 285 256
Total Income 22818 24524 28991 28210 27738 31609 33682 31361 30505 32222
Total Expenditure 17672 19531 23470 22059 22894 23754 27332 24708 24168 25072
Operating Profit 5146 4992 5521 6151 4843 7856 6351 6653 6337 7150
Interest 1176 1146 1188 1246 1373 1608 1816 2032 2226 2433
Depreciation 1017 1026 1128 1089 1116 1139 1207 1183 1245 1244
Exceptional Income / Expenses 0 0 -69 0 -88 0 0 0 0 0
Profit Before Tax 2954 2821 3136 3816 2266 5108 3328 3438 2866 3473
Provision for Tax 1065 275 -464 1110 847 632 1059 862 838 868
Profit After Tax 1889 2546 3600 2705 1419 4476 2268 2576 2029 2604
Adjustments -530 -800 -823 -772 -410 -1960 -900 -1000 -865 -1090
Profit After Adjustments 1359 1746 2777 1933 1009 2516 1369 1576 1164 1514
Adjusted Earnings Per Share 20.6 26.4 42 29.3 15.3 38.1 20.7 23.8 17.6 22.9

Grasim Industries Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 27909 29323 32838 34487 36068 55932 77209 75269 76404 95701 117627 126713
Other Income 620 576 539 662 948 861 829 969 1058 821 3612 1057
Total Income 28529 29900 33377 35149 37016 56792 78038 76238 77462 96522 121239 127770
Total Expenditure 21986 24409 27694 28083 28683 43610 60584 58008 57769 75270 96038 101280
Operating Profit 6543 5491 5683 7066 8333 13183 17454 18230 19693 21253 25201 26491
Interest 324 447 667 718 702 3663 6060 6890 5736 4776 6044 8507
Depreciation 1252 1457 1563 1834 1808 2724 3571 4004 4033 4161 4552 4879
Exceptional Income / Expenses 204 0 -9 -28 0 -433 -2688 -1406 -342 -69 -88 0
Profit Before Tax 5171 3586 3443 4679 5952 5635 5163 6492 9771 12627 14727 13105
Provision for Tax 1467 735 1016 1225 1707 1947 2419 -84 3022 1936 3649 3627
Profit After Tax 3704 2851 2427 3455 4246 3688 2745 6576 6749 10691 11078 9477
Adjustments -1000 -780 -684 -987 -1078 -1009 -1052 -2164 -2444 -3141 -4251 -3855
Profit After Adjustments 2704 2072 1744 2468 3167 2679 1693 4412 4305 7550 6827 5623
Adjusted Earnings Per Share 58.7 44.9 37.8 52.7 67.6 40.6 25.6 66.8 65.2 114.2 103.3 85

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 23% 16% 16% 15%
Operating Profit CAGR 19% 11% 14% 14%
PAT CAGR 4% 19% 25% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 34% 18% 23% 15%
ROE Average 14% 14% 11% 13%
ROCE Average 13% 12% 11% 13%

Grasim Industries Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 19657 21614 23140 27429 31387 57362 58020 56632 65494 75698 78742
Minority's Interest 6221 6936 7682 8729 9702 26337 30503 34305 37068 40476 44171
Borrowings 6653 7612 6384 5544 6769 40793 56686 58738 52488 46546 66712
Other Non-Current Liabilities 2506 3024 3707 3411 3895 40885 47153 47888 59791 68544 77665
Total Current Liabilities 9086 8550 13120 14463 10995 42522 48276 46380 51922 57884 69533
Total Liabilities 44123 47736 54033 59576 62747 207899 241127 244181 267349 289149 336823
Fixed Assets 20561 25209 31828 34271 34786 69257 87113 87720 85008 88981 94882
Other Non-Current Assets 10841 8565 9021 10229 9502 98332 104133 104408 122066 143400 174418
Total Current Assets 12721 13962 13175 15058 18451 40263 48786 51445 57956 56758 67504
Total Assets 44123 47736 54033 59576 62747 207899 241127 244181 267349 289149 336823

Grasim Industries Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 327 229 199 125 113 94 937 1225 5146 5480 2241
Cash Flow from Operating Activities 4242 3549 4594 5868 7288 -4140 -1659 16803 15075 7038 -12685
Cash Flow from Investing Activities -5725 -2389 -2370 -4573 -3488 510 -2271 -11548 -9229 -3543 -13687
Cash Flow from Financing Activities 1348 -1046 -2278 -1365 -3799 3449 4158 -3418 -8003 -6733 26469
Net Cash Inflow / Outflow -136 114 -54 -69 2 -181 228 1838 -2158 -3239 97
Closing Cash & Cash Equivalent 229 397 157 113 94 949 1224 3063 2989 2241 2313

Grasim Industries Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 58.7 44.94 37.82 52.67 67.57 40.59 25.64 66.8 65.16 114.23 103.28
CEPS(Rs) 107.57 93.47 86.54 112.85 129.14 97.15 95.67 160.2 163.21 224.71 236.45
DPS(Rs) 4.5 4.2 3.6 4.5 5.5 6.2 7 4 9 10 10
Book NAV/Share(Rs) 425.46 467.67 500.15 584.41 668.75 867.26 875.33 853.52 987.16 1140.76 1184.99
Core EBITDA Margin(%) 19.06 15.1 14.11 16.62 18.35 20.31 20.35 20.99 22.35 19.73 17.05
EBIT Margin(%) 17.69 12.39 11.27 14.01 16.53 15.32 13.73 16.28 18.6 16.81 16.41
Pre Tax Margin(%) 16.64 11.02 9.44 12.14 14.79 9.29 6.32 7.9 11.72 12.2 11.63
PAT Margin (%) 11.92 8.76 6.66 8.97 10.55 6.08 3.36 8 8.1 10.33 8.75
Cash Profit Margin (%) 15.95 13.24 10.94 13.72 15.04 10.57 7.73 12.87 12.93 14.35 12.35
ROA(%) 9.19 6.21 4.77 6.08 6.94 2.73 1.22 2.71 2.64 3.84 3.54
ROE(%) 20.23 13.85 10.88 13.7 14.46 8.33 4.77 11.52 11.1 15.21 14.41
ROCE(%) 20.62 13.33 12.39 14.39 16.53 11.27 8.41 9.48 10.97 11.93 12.63
Receivable days 22.93 26.27 25.81 26.76 27.26 24.7 26.56 27.71 22.18 17.22 16.35
Inventory Days 40.01 44.85 45.26 42.33 38 30.35 28.85 30.85 28.54 27.73 29.84
Payable days 159.5 148.56 121.32 96.25 104.85 116.9 119.29 156.32 194.87 186.46 180.83
PER(x) 9.54 12.8 19.08 14.53 15.47 25.87 33.33 7.09 22.2 14.52 15.74
Price/Book(x) 1.32 1.23 1.44 1.31 1.56 1.21 0.98 0.55 1.47 1.45 1.37
Dividend Yield(%) 0.8 0.73 0.5 0.59 0.52 0.59 0.82 0.84 0.62 0.6 0.61
EV/Net Sales(x) 1.26 1.22 1.36 1.34 1.55 2.41 1.8 1.47 2.19 1.88 1.74
EV/Core EBITDA(x) 5.37 6.52 7.89 6.52 6.71 10.24 7.96 6.07 8.51 8.45 8.14
Net Sales Growth(%) 10.55 5.07 11.99 5.02 4.58 55.07 38.04 -2.51 1.51 25.26 22.91
EBIT Growth(%) 6.37 -26.6 1.91 31.3 23.29 39.72 20.71 19.23 15.88 12.22 19.35
PAT Growth(%) 4.89 -23.02 -14.87 42.32 22.89 -13.14 -25.57 139.58 2.64 58.4 3.63
EPS Growth(%) 2.07 -23.44 -15.85 39.28 28.3 -39.94 -36.82 160.51 -2.46 75.31 -9.58
Debt/Equity(x) 0.49 0.45 0.52 0.46 0.29 1.17 1.46 1.48 1.19 0.97 1.29
Current Ratio(x) 1.4 1.63 1 1.04 1.68 0.95 1.01 1.11 1.12 0.98 0.97
Quick Ratio(x) 0.99 1.14 0.64 0.75 1.29 0.81 0.87 0.96 1 0.82 0.81
Interest Cover(x) 16.95 9.02 6.16 7.52 9.47 2.54 1.85 1.94 2.7 3.64 3.44
Total Debt/Mcap(x) 0.37 0.37 0.36 0.35 0.19 0.97 1.5 2.66 0.81 0.67 0.94

Grasim Industries Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 42.54 42.76 42.76 42.75 42.75 42.75 42.75 42.75 42.75 43.06
FII 12.81 12.71 11.49 12.03 12.58 12.45 12.29 12.18 12.52 12.7
DII 14.72 14.43 15.35 16.87 16.49 16.82 16.84 16.92 16.69 16.69
Public 26.06 26.24 26.52 24.47 24.3 24.1 24.24 24.25 24.13 23.77
Others 3.87 3.86 3.88 3.88 3.88 3.88 3.88 3.91 3.91 3.79
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Debtor days have improved from 186.46 to 180.83days.

Cons

  • Promoter holding is low: 43.06%.
  • Company has a low return on equity of 14% over the 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.

Grasim Industries News

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