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Stock Analysis

Description

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.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

• Appointment of Mr. Sachin Sahay as CEO of Birla Opus Paints effective February 16, 2026.

Corporate Announcements

31st Mar 26

Impact Rating: 7

Grasim Industries informed about the departure of Mr. Jayant Dua, Business Head - Renewables and Textiles, effective March 31, 2026. He will subsequently join UltraTech Cement Limited as Managing Director (Designate) from April 1, 2026.

28th Mar 26

Impact Rating: 6

Grasim Industries Limited informed about the results of its postal ballot, where members approved the re-appointment of two Independent Directors, Mr. V. Chandrasekaran and Mr. Adesh Kumar Gupta, for a second term of 5 years each, commencing from May 24, 2026.

28th Mar 26

Impact Rating: 7

Grasim Industries shareholders have approved the re-appointment of Mr. V. Chandrasekaran and Mr. Adesh Kumar Gupta as Independent Directors for a second 5-year term, commencing May 24, 2026.

18th Mar 26

Impact Rating: 5

Grasim Industries has successfully completed the repayment of its commercial papers, amounting to ₹500 crore, on March 18, 2026, as per the scheduled maturity.

13th Mar 26

Impact Rating: 5

Grasim Industries Limited announced a schedule for interactions with institutional investors and analysts from March 16 to March 20, 2026, covering physical and online meetings.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	UltraTech Cem.	12357.00	49.64	364135.08	0.63	1237.98	75.23	19606.93	20.33	10.89	81724.53	18.35	7334.75	1231.58	5.08	5.19	0.35
2.	Grasim Inds	2808.90	556.17	191151.74	0.36	804.55	6.31	9610.34	26.06	1.52	35879.50	3.46	343.73	804.55	3.48	0.24	0.24
3.	Ambuja Cements	553.80	23.71	136889.65	0.36	2302.28	233.64	9174.49	21.48	10.50	38772.67	18.83	5746.21	1935.75	2.50	7.02	0.02
4.	Shree Cement	27855.00	58.45	100502.95	0.40	309.82	303.60	4761.07	17.44	6.71	20146.65	23.33	1718.89	308.51	4.48	3.97	0.10
5.	J K Cements	5902.50	44.11	45607.59	0.26	159.25	275.56	3019.20	17.93	13.99	12883.19	18.56	1034.93	160.53	7.02	5.11	1.00
6.	Dalmia BharatLtd	2163.50	36.44	40579.88	0.41	239.00	413.04	3417.00	10.69	5.58	14325.00	20.13	1112.86	236.00	2.30	2.48	0.40
7.	ACC	1745.05	10.13	32769.82	0.43	1119.26	401.44	5931.67	27.99	17.44	24060.83	14.84	3230.72	1119.23	1.65	9.46	0.02
–	Median: 34 Co.	198.75	30.14	3069.97	0.2	19.92	119.45	601.69	17.41	5.42	2503.97	11.29	65.69	22.52	2.5	1.08	0.58

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	6,196	6,646	6,238	6,442	6,400	6,768	6,894	7,623	8,120	8,926	9,223	9,610
Expenses	5,719	6,220	5,564	5,848	5,878	6,241	6,569	7,298	7,850	8,705	8,839	9,244
Operating Profit	477	426	673	594	522	527	325	325	271	221	385	366
Other Income	103	116	116	760	120	-455	93	1,244	102	113	144	1,419
Profit before tax	215	135	396	955	239	-388	-70	1,002	-230	-368	-156	1,081
Tax %	-20%	31%	10%	17%	1%	14%	-26%	28%	-27%	-22%	-24%	26%
Net Profit	257	94	355	795	236	-441	-52	721	-169	-288	-118	805
EPS in Rs	3.78	1.37	5.22	11.68	3.47	-6.70	-0.79	10.95	-2.56	-4.23	-1.74	11.82

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	5,567	6,300	8,969	10,346	15,786	20,550	16,082	12,386	20,857	26,840	25,847	31,563	35,880
Expenses	4,706	5,635	7,473	8,189	12,696	16,479	13,946	10,822	17,641	23,649	23,531	30,402	34,638
Operating Profit	861	665	1,496	2,157	3,090	4,071	2,135	1,564	3,216	3,190	2,316	1,161	1,242
Other Income	385	322	326	472	179	-1,800	270	527	1,182	920	541	1,531	1,778
Interest	42	39	147	58	128	199	238	236	247	368	440	684	792
Depreciation	220	263	445	446	628	760	814	828	914	1,097	1,215	1,676	1,902
Profit before tax	985	685	1,230	2,125	2,513	1,312	1,354	1,027	3,237	2,645	1,202	333	326
Net Profit	896	530	971	1,560	1,769	515	1,288	905	3,051	2,124	945	212	230
EPS in Rs	18.88	11.17	20.12	32.33	26.03	7.58	18.95	13.31	44.85	31.21	14.36	3.12	3.29
Dividend Payout %	22%	31%	22%	16%	23%	89%	20%	65%	22%	31%	70%	321%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	92	92	93	93	131	132	132	132	132	132	133	136	136
Reserves	10,736	11,091	13,778	16,138	44,658	41,828	37,560	42,816	48,484	46,823	51,982	54,262	54,878
Borrowings	1,302	1,115	1,839	701	2,969	3,311	5,158	4,223	4,384	5,352	9,729	11,863	12,946
Other Liabilities	1,748	2,067	2,085	2,919	5,959	6,524	6,729	7,529	9,636	9,871	12,294	11,720	12,290
Total Liabilities	13,878	14,365	17,796	19,851	53,718	51,794	49,579	54,700	62,636	62,177	74,138	77,981	80,251
Fixed Assets	3,548	5,188	6,963	6,887	10,817	11,232	12,234	10,966	14,858	16,220	17,105	23,730	23,527
Gross Block	5,448	7,334	7,795	8,155	12,729	13,832	15,660	14,958	19,683	22,048	24,028	32,149	–
Accumulated Depreciation	1,900	2,146	832	1,268	1,912	2,600	3,426	3,991	4,825	5,828	6,923	8,418	–
CWIP	1,807	450	318	375	745	1,567	2,793	4,033	1,743	2,926	7,131	2,785	3,116
Investments	5,604	5,350	7,100	8,996	35,547	31,128	27,542	33,640	38,691	33,897	39,212	39,635	41,665
Other Assets	2,919	3,377	3,416	3,592	6,609	7,867	7,009	6,060	7,345	9,135	10,689	11,830	11,943
Total Assets	13,878	14,365	17,796	19,851	53,718	51,794	49,579	54,700	62,636	62,177	74,138	77,981	80,251

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	62	448	1,341	2,259	2,353	2,556	3,315	2,402	2,656	2,319	1,778	-25
Cash from Investing Activity	221	27	-697	-844	-1,910	-2,263	-4,277	-875	-1,896	-2,190	-5,586	-2,883
Cash from Financing Activity	-274	-448	-663	-1,404	-451	-299	993	-1,509	-777	-165	3,840	2,896
Net Cash Flow	10	27	-19	12	-9	-7	31	18	-17	-36	32	-13

Ratios

Standalone Figures in ₹ Crores / Yearly

	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	40	40	40	42	60	62	66	39	30	22	28	30
Inventory Days	149	146	132	131	129	110	131	143	153	127	141	121
Days Payable	55	49	49	84	113	89	132	174	180	133	148	97
Cash Conversion Cycle	134	137	124	89	77	83	65	8	2	16	21	54
Working Capital Days	58	68	16	27	-1	10	-25	-65	-42	-28	-37	-11
ROCE %	8%	5%	10%	13%	9%	8%	4%	2%	6%	6%	4%	2%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	42.75%	42.75%	42.75%	42.75%	42.75%	43.05%	43.05%	43.11%	43.11%	43.11%	43.11%	43.11%
FIIs	12.58%	12.45%	12.29%	12.17%	12.52%	12.70%	13.69%	13.78%	13.50%	13.45%	13.79%	14.37%
DIIs	16.48%	16.82%	16.82%	16.90%	16.70%	16.69%	16.66%	17.75%	17.90%	18.24%	17.91%	17.27%
Public	27.88%	27.69%	27.82%	27.80%	27.69%	27.24%	26.29%	25.04%	25.17%	24.87%	24.87%	24.92%