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Grasim Industries Overview

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 Key Financials

Market Cap ₹185152 Cr.

Stock P/E 23.9

P/B 1.8

Current Price ₹2720.5

Book Value ₹ 1497.4

Face Value 2

52W High ₹2980.1

Dividend Yield 0.37%

52W Low ₹ 2504.4

Grasim Industries Share Price

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Volume
Price

Grasim Industries Quarterly Price

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Grasim Industries Peer Comparison

Grasim Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 30221 31965 37727 34610 34223 35378 44267 40118 39900 44312
Other Income 285 256 427 303 401 372 383 342 345 265
Total Income 30505 32222 38154 34913 34623 35750 44651 40460 40245 44577
Total Expenditure 24168 25072 29835 27927 28197 28575 35517 31296 32228 35386
Operating Profit 6337 7150 8320 6985 6427 7176 9134 9164 8017 9191
Interest 2226 2433 2586 2795 3027 3270 3407 3551 3669 3909
Depreciation 1245 1244 1329 1443 1572 1608 1831 1810 1899 1975
Exceptional Income / Expenses 0 0 -569 -88 -83 0 -67 -38 0 -200
Profit Before Tax 2866 3473 3835 2659 1744 2298 3828 3765 2449 3107
Provision for Tax 838 868 1207 625 847 574 1023 1067 1012 818
Profit After Tax 2029 2604 2628 2034 897 1724 2805 2698 1437 2289
Adjustments -865 -1090 -1258 -959 -582 -904 -1309 -1280 -884 -1253
Profit After Adjustments 1164 1514 1370 1075 315 820 1496 1419 553 1037
Adjusted Earnings Per Share 17.6 22.9 20.6 16.2 4.7 12.2 22 20.8 8.1 15.2

Grasim Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 32838 34487 36068 55894 77200 75141 76404 95701 117627 130978 148478 168597
Other Income 539 662 948 861 829 969 1058 821 3612 1264 1459 1335
Total Income 33377 35149 37016 56754 78029 76110 77462 96522 121239 132243 149937 169933
Total Expenditure 27694 28083 28683 43572 60575 57880 57769 75270 96038 103783 120216 134427
Operating Profit 5683 7066 8333 13183 17454 18230 19693 21253 25201 28459 29721 35506
Interest 667 718 702 3663 6060 6890 5736 4776 6044 9277 12500 14536
Depreciation 1563 1834 1808 2724 3571 4004 4033 4161 4552 5001 6454 7515
Exceptional Income / Expenses -9 -28 0 -433 -2688 -1406 -342 -69 -88 -569 -239 -305
Profit Before Tax 3443 4679 5952 5635 5163 6492 9771 12627 14727 13700 10825 13149
Provision for Tax 1016 1225 1707 1947 2419 -84 3022 1936 3649 3774 3069 3920
Profit After Tax 2427 3455 4246 3688 2745 6576 6749 10691 11078 9926 7756 9229
Adjustments -684 -987 -1078 -1009 -1052 -2164 -2444 -3141 -4251 -4301 -4051 -4726
Profit After Adjustments 1744 2468 3167 2679 1693 4412 4305 7550 6827 5624 3706 4505
Adjusted Earnings Per Share 37.8 52.7 67.6 40.6 25.6 66.8 65.2 114.2 103.3 84.7 54.5 66.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 16% 15% 16%
Operating Profit CAGR 4% 12% 10% 18%
PAT CAGR -22% -10% 3% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% 17% 16% 13%
ROE Average 8% 12% 12% 11%
ROCE Average 9% 11% 11% 12%

Grasim Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23140 27429 31387 57362 58020 56632 65494 75698 78742 88652 97509
Minority's Interest 7682 8729 9702 26337 30503 34305 37068 40476 44171 50286 60304
Borrowings 6384 5544 6769 40793 56686 58738 52488 46546 66712 86116 123927
Other Non-Current Liabilities 3707 3411 3895 40885 47153 47888 59791 68544 77665 94629 110777
Total Current Liabilities 13120 14463 10995 42522 48276 46380 51922 57884 69533 92433 107524
Total Liabilities 54033 59576 62747 207899 241127 244181 267349 289149 336823 412116 500040
Fixed Assets 31828 34271 34786 69257 87113 87720 85008 88981 94882 100480 141134
Other Non-Current Assets 9021 10229 9502 98332 104133 104408 122066 143400 174418 225249 265296
Total Current Assets 13184 15058 18451 40263 48786 51445 57956 56758 67504 86365 93472
Total Assets 54033 59576 62747 207899 241127 244181 267349 289149 336823 412116 500040

Grasim Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 199 125 113 94 937 1225 5146 5480 2241 2313 2388
Cash Flow from Operating Activities 4594 5868 7288 -4140 -1659 16803 15075 7038 -12685 -10719 -17170
Cash Flow from Investing Activities -2370 -4573 -3488 510 -2271 -11548 -9229 -3543 -13687 -23113 -23982
Cash Flow from Financing Activities -2278 -1365 -3799 3449 4158 -3418 -8003 -6733 26469 33908 42978
Net Cash Inflow / Outflow -54 -69 2 -181 228 1838 -2158 -3239 97 76 1826
Closing Cash & Cash Equivalent 157 113 94 949 1224 3063 2989 2241 2313 2388 4883

Grasim Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 37.82 52.67 67.57 40.59 25.64 66.8 65.16 114.23 103.28 84.71 54.46
CEPS(Rs) 86.54 112.85 129.14 97.15 95.67 160.2 163.21 224.71 236.45 224.82 208.82
DPS(Rs) 3.59 4.48 5.5 6.2 7 4 9 10 10 10 10
Book NAV/Share(Rs) 500.15 584.41 668.75 867.26 875.33 853.52 987.16 1140.76 1184.99 1327.04 1423
Core EBITDA Margin(%) 14.11 16.62 18.35 20.32 20.35 21.03 22.35 19.73 17.05 19.14 17.17
EBIT Margin(%) 11.27 14.01 16.53 15.33 13.74 16.3 18.6 16.81 16.41 16.17 14.17
Pre Tax Margin(%) 9.44 12.14 14.79 9.29 6.32 7.91 11.72 12.2 11.63 9.64 6.58
PAT Margin (%) 6.66 8.97 10.55 6.08 3.36 8.01 8.1 10.33 8.75 6.99 4.71
Cash Profit Margin (%) 10.94 13.72 15.04 10.57 7.73 12.89 12.93 14.35 12.35 10.51 8.63
ROA(%) 4.77 6.08 6.94 2.73 1.22 2.71 2.64 3.84 3.54 2.65 1.7
ROE(%) 10.88 13.7 14.46 8.33 4.77 11.52 11.1 15.21 14.41 11.93 8.39
ROCE(%) 12.39 14.39 16.53 11.27 8.41 9.48 10.97 11.93 12.63 11.38 9.24
Receivable days 25.81 26.76 27.26 24.71 26.56 27.75 22.18 17.22 16.36 16.56 17.9
Inventory Days 45.26 42.33 38 30.37 28.86 30.9 28.54 27.73 29.84 31.73 32.34
Payable days 121.32 96.25 104.85 116.9 119.29 156.32 194.87 186.46 180.83 182.69 154.05
PER(x) 19.08 14.53 15.47 25.87 33.33 7.09 22.2 14.52 15.74 27.01 47.99
Price/Book(x) 1.44 1.31 1.56 1.21 0.98 0.55 1.47 1.45 1.37 1.72 1.84
Dividend Yield(%) 0.5 0.59 0.52 0.59 0.82 0.84 0.62 0.6 0.61 0.44 0.38
EV/Net Sales(x) 1.36 1.34 1.55 2.42 1.8 1.47 2.19 1.88 1.74 2.16 2.38
EV/Core EBITDA(x) 7.89 6.52 6.71 10.24 7.96 6.07 8.51 8.45 8.14 9.92 11.9
Net Sales Growth(%) 11.99 5.02 4.58 54.97 38.12 -2.67 1.68 25.26 22.91 11.35 13.36
EBIT Growth(%) 1.91 31.3 23.29 39.72 20.71 19.23 15.88 12.22 19.35 10.62 1.52
PAT Growth(%) -14.87 42.32 22.89 -13.14 -25.57 139.58 2.64 58.4 3.63 -10.4 -21.86
EPS Growth(%) -15.85 39.28 28.3 -39.94 -36.82 160.51 -2.46 75.31 -9.58 -17.98 -35.72
Debt/Equity(x) 0.52 0.46 0.29 1.17 1.46 1.48 1.19 0.97 1.29 1.53 1.9
Current Ratio(x) 1 1.04 1.68 0.95 1.01 1.11 1.12 0.98 0.97 0.93 0.87
Quick Ratio(x) 0.64 0.75 1.29 0.81 0.87 0.96 1 0.82 0.81 0.8 0.73
Interest Cover(x) 6.16 7.52 9.47 2.54 1.85 1.94 2.7 3.64 3.44 2.48 1.87
Total Debt/Mcap(x) 0.36 0.35 0.19 0.97 1.5 2.66 0.81 0.67 0.94 0.87 1.03

Grasim Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 42.75 43.06 43.06 43.11 43.11 43.11 43.11 43.11 43.22 43.74
FII 12.52 12.7 13.69 13.78 13.5 13.45 13.78 14.37 14.5 14.9
DII 16.69 16.69 16.66 17.75 17.91 18.25 17.91 17.28 16.99 16.28
Public 24.13 23.77 23.58 23.31 23.43 23.09 23.04 23.05 23 22.8
Others 3.91 3.79 3.01 2.05 2.05 2.1 2.15 2.19 2.3 2.28
Total 100 100 100 100 100 100 100 100 100 100

Grasim Industries News

Grasim Industries Pros & Cons

Pros

  • Debtor days have improved from 182.69 to 154.05days.

Cons

  • Promoter holding is low: 43.74%.
  • Company has a low return on equity of 12% over the last 3 years.
  • The company has delivered a poor profit growth of 3% over past five years.
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