Grasim Industries Ltd

β‚Ή 2,809 0.46%
16 Jan 3:03 p.m.
πŸ”— Website | BSE: 500300 | NSE: GRASIM
1,91,152
2,809
2,979
556
808
0.36
1.52
0.35

ABOUT

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]

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

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

Peer Comparison

S.No.NameCurrent Price (Rs.)Price to EarningMarket 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 valueReturn on assets (%)Debt to equity
1.UltraTech Cem.12357.0049.64364135.080.631237.9875.2319606.9320.3310.8981724.5318.357334.751231.585.085.190.35
2.Grasim Inds2808.90556.17191151.740.36804.556.319610.3426.061.5235879.503.46343.73804.553.480.240.24
3.Ambuja Cements553.8023.71136889.650.362302.28233.649174.4921.4810.5038772.6718.835746.211935.752.507.020.02
4.Shree Cement27855.0058.45100502.950.40309.82303.604761.0717.446.7120146.6523.331718.89308.514.483.970.10
5.J K Cements5902.5044.1145607.590.26159.25275.563019.2017.9313.9912883.1918.561034.93160.537.025.111.00
6.Dalmia BharatLtd2163.5036.4440579.880.41239.00413.043417.0010.695.5814325.0020.131112.86236.002.302.480.40
7.ACC1745.0510.1332769.820.431119.26401.445931.6727.9917.4424060.8314.843230.721119.231.659.460.02

Quarterly Results

Figures in Cr.

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
6,1966,6466,2386,4426,4006,7686,8947,6238,1208,9269,2239,610
YOY Sales Growth %
7.1%4.23%-14%-4.5%3.3%1.83%10.52%18.34%26.87%31.89%33.79%26.06%
Expenses
5,7196,2205,5645,8485,8786,2416,5697,2987,8508,7058,8399,244
Material Cost %
47%53%50%53%52%55%56%55%58%60%62%63%
Employee Cost %
8%8%9%8%9%7%9%9%8%8%8%8%
Operating Profit
477426673594522527325325271221385366
OPM %
8%6%11%9%8%8%5%4%3%2%4%4%
Other Income
103116116760120-455931,2441021131441,419
Exceptional items
00000-7160-500-11400
Other income normal
103116116760120260931,2941022271441,419
Interest
89107106107107121140161181201206203
Depreciation
276300288292296339349406421501478502
Profit before tax
215135396955239-388-701,002-230-368-1561,081
Tax %
-20%31%10%17%1%14%-26%28%-27%-22%-24%26%
Net Profit
25794355795236-441-52721-169-288-118805
EPS in Rs
3.781.375.2211.683.47-6.7-0.7910.95-2.56-4.23-1.7411.82

Profit & Loss

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
5,5676,3008,96910,34615,78620,55016,08212,38620,85726,84025,84731,56335,880
Sales Growth %
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Expenses
4,7065,6357,4738,18912,69616,47913,94610,82217,64123,64923,53130,40234,638
Material Cost %
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Raw material cost
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Change in inventory
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Manufacturing Cost %
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Employee Cost %
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Other Cost %
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Operating Profit
8616651,4962,1573,0904,0712,1351,5643,2163,1902,3161,1611,242
OPM %
15%11%17%21%20%20%13%13%15%12%9%4%3%
Other Income
385322326472179-1,8002705271,1829205411,5311,778
Exceptional items
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Other income normal
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Interest
423914758128199238236247368440684792
Depreciation
2202634454466287608148289141,0971,2151,6761,902
Profit before tax
9856851,2302,1252,5131,3121,3541,0273,2372,6451,202333326
Tax %
9%23%21%27%30%61%5%12%6%20%21%36%β€”
Net Profit
8965309711,5601,7695151,2889053,0512,124945212230
Exceptional items AT
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Profit excl Excep
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Profit for PE
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Profit for EPS
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
EPS in Rs
18.8811.1720.1232.3326.037.5818.9513.3144.8531.2114.363.123.29
Dividend Payout %
22%31%22%16%23%89%20%65%22%31%70%321%β€”

Balance Sheet

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
92929393131132132132132132133136136
Reserves
10,73611,09113,77816,13844,65841,82837,56042,81648,48446,82351,98254,26254,878
Borrowings
1,3021,1151,8397012,9693,3115,1584,2234,3845,3529,72911,86312,946
Long term Borrowings
1,0048576333848531,0552,7143,0893,0344,2737,3928,6869,666
Short term Borrowings
12774982611,7291,8482,2061,0741,2709812,0612,4362,497
Lease Liabilities
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Other Borrowings
17118422425738740717200000β€”
Other Liabilities
1,7482,0672,0852,9195,9596,5246,7297,5299,6369,87112,29411,72012,290
Trade Payables
4514845931,1142,2532,3762,6902,6524,6514,7115,4834,8315,130
Advance from Customers
30283356860000000β€”
Other liability items
1,2661,5551,4591,7493,6194,1484,0394,8774,9865,1596,8116,8897,160
Total Liabilities
13,87814,36517,79619,85153,71851,79449,57954,70062,63662,17774,13877,98180,251
Fixed Assets
3,5485,1886,9636,88710,81711,23212,23410,96614,85816,22017,10523,73023,527
Land
1391813383371,1771,2411,2661,0541,4721,9741,9741,975β€”
Building
5788609801,0081,4401,5622,0092,0032,7193,0263,4105,033β€”
Plant Machinery
4,5766,0556,2626,5568,4909,37210,59410,25113,67315,11316,57922,837β€”
Equipments
657442547896113124233283321415β€”
Furniture & fittings
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Vehicles
431079196119130140135142169219269β€”
Intangible Assets
032539246246314181215215223203709
Other fixed assets
111416191,1091,0981,1251,1101,1141,1221,1401,201β€”
Gross Block
5,4487,3347,7958,15512,72913,83215,66014,95819,68322,04824,02832,149β€”
Accumulated Depreciation
1,9002,1468321,2681,9122,6003,4263,9914,8255,8286,9238,418β€”
CWIP
1,8074503183757451,5672,7934,0331,7432,9267,1312,7853,116
Investments
5,6045,3507,1008,99635,54731,12827,54233,64038,69133,89739,21239,63541,665
Other Assets
2,9193,3773,4163,5926,6097,8677,0096,0607,3459,13510,68911,83011,943
Inventories
1,2121,4331,6051,7332,5922,9322,6572,1793,9414,4935,2156,0515,874
Trade receivables
6146879921,1902,6093,4922,9271,3121,6901,5971,9742,5542,751
Receivables under 6m
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Receivables over 6m
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Prow for Doubtful
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Cash Equivalents
26533553424279133225474310194285
Loans & Advances
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Other Assets items
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Total Assets
13,87814,36517,79619,85153,71851,79449,57954,70062,63662,17774,13877,98180,251

Cash Flows

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
624481,3412,2592,3532,5563,3152,4022,6562,3191,778-25
Profit from operations
9367111,6052,2003,1564,1412,2721,6413,2933,2692,4331,307
Receivables
-267-75-179-202-184-1,007560191-359100-374-580
Inventory
-423-221-16-127-100-340324390-1,762-552-722-836
Payables
5197675982512402874232,440701,005-30
Loans Advances
0-360000000000
Other WC items
0018512-2473390-64-306-161-507-223
Working capital changes
-685-13457280-280-1,0731,26194013-543-598-1,669
Direct taxes
-188-129-321-221-523-512-218-179-650-407-57337
Cash from Investing Activity
22127-697-844-1,910-2,263-4,277-875-1,896-2,190-5,586-2,883
Fixed assets purchased
-912-475-645-432-1,069-2,044-2,682-1,193-2,538-4,022-5,526-3,835
Fixed assets sold
275111761310711218
Investments purchased
00-352-767-198-270-1,091-998-1,3910-125-525
Investments sold
779393300131225001,9123780
Interest received
222152119581033733204110327
Redeemp Cnce of Shares
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Acquisition of companies
000000-935-61-99-44400
Other investing items
5-59-34-865-1141731,0981,452-285357563
Cash from Financing Activity
-274-448-663-1,404-451-299993-1,509-777-1653,8402,896
Redemption of debentures
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Proceeds from borrowings
194360127127372,1585151,1832,1944,9715,241
Repayment of borrowings
-176-224-327-1,144-618-387-424-1,432-1,038-1,239-769-3,572
Interest paid fin
-84-65-158-60-142-205-213-329-268-346-606-943
Dividends paid
-206-193-177-204-366-405-460-262-592-657-658-668
Financial liabilities
000000-21-16-20-25-36-109
Other financing items
-10-7-6-11-40-48-560-62-108-70-86
Net Cash Flow
1027-1912-9-73118-17-3632-13

Ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
404040426062663930222830
Inventory Days
149146132131129110131143153127141121
Days Payable
554949841138913217418013314897
Cash Conversion Cycle
1341371248977836582162154
Working Capital Days
58681627-110-25-65-42-28-37-11
ROCE %
8%5%10%13%9%8%4%2%6%6%4%2%

Shareholding Pattern

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 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%
Aditya Vikram Kumarmangalam Birla Huf (Karta- Mr_ ___
0.010.010.010.010.010.010.010.010.010.010.010.01
Advaitesha Birla
β€”β€”β€”β€”β€”β€”β€”0.010.010.010.010.01
Ananyashree Birla
β€”β€”β€”β€”β€”β€”β€”0.010.010.010.010.01
Anatole Investments Pte Ltd
0.680.680.680.680.680.660.660.660.660.660.660.66
Aryaman Vikram Birla
β€”β€”β€”β€”β€”β€”β€”0.010.010.010.010.01
Birla Consultants Limited
0.010.010.010.010.010.010.010.010.010.010.010.01
Birla Group Holdings Private Limited
18.9918.9918.9918.9818.9819.123.1823.1823.1823.1823.1823.18
Birla Industrial Finance (India) Limited
0.010.010.010.010.010.010.010.010.010.010.010.01
Birla Industrial Investments (India) Limited
000000000000
Birla Institute Of Technology And Science
0.10.10.10.10.10.10.10.10.10.10.10.1
Ece Industries Ltd
000000000000
Hindalco Industries Limited
4.294.294.294.294.294.294.294.294.294.294.294.29
Igh Holdings Private Limited
6.456.456.456.446.446.646.646.646.646.646.646.64
Kumar Mangalam Birla
0.170.170.170.170.170.170.170.210.210.210.210.21
Neerja Birla
0.010.010.010.010.010.010.010.010.010.010.010.01
P T Elegant Textile Industry
0.120.120.120.120.120.120.120.120.120.120.120.12
P T Sunrise Bumi Textiles
0.190.190.190.190.190.190.190.190.190.190.190.19
P_T_ Indo Bharat Rayon
3.043.043.043.043.042.942.942.942.942.942.942.94
Padmavati Investment Private Limited
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”00
Pilani Investment And Industries
β€”3.753.753.753.753.893.893.893.893.893.893.89
Pilani Investment And Industries Corporation Ltd_
3.75β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Rajashree Birla
0.080.080.080.080.080.080.080.080.080.080.080.08
Rajratna Holdings Private Limited
000000000000
Renuka Investments & Finance Limited
0.040.040.040.040.040.040.040.040.040.040.040.04
Surya Kiran Investments Pte Limited
000000000000
Thai Rayon Public Company Limited
0.730.730.730.730.730.70.70.70.70.70.70.7
Umang Commercial Company Private Limited
4.064.064.064.064.064.09β€”β€”β€”β€”β€”β€”
Vaibhav Holdings Private Limited
000000000000
Vasavadatta Bajaj
0.020.020.020.020.020.020.020.020.020.020.020.02
Vikram Holdings Pvt Ltd
000000000000
FIIs
12.58%12.45%12.29%12.17%12.52%12.7%13.69%13.78%13.5%13.45%13.79%14.37%
Government Pension Fund Global
1.921.931.571.551.571.541.381.321.351.221.221.29
Theleme Master Fund Limited
β€”β€”β€”β€”β€”β€”1.091.471.471.471.471.4
DIIs
16.48%16.82%16.82%16.9%16.7%16.69%16.66%17.75%17.9%18.24%17.91%17.27%
Icici Prudential Bluechip Fund
β€”β€”β€”1.041.471.591.391.09β€”β€”β€”β€”
Life Insurance Corporation Of India
9.699.359.288.778.318.088.067.948.068.28.137.4
Sbi Balanced Advantage Fund
β€”β€”β€”β€”β€”β€”β€”β€”1.67β€”β€”β€”
Sbi Nifty 50 Etf
1.321.291.341.381.361.711.671.68β€”1.461.531.56
Government
β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”
Public
27.88%27.69%27.82%27.8%27.69%27.24%26.29%25.04%25.17%24.87%24.87%24.92%
Citibank N_A_ New York, Nyadr Department
3.883.883.883.913.913.793.012.052.052.12.152.19
Gagandeep Credit Capital Pvt Ltd
1.381.381.421.481.461.411.411.411.411.411.411.41
Samyaktva Construction Llp
1.291.291.291.291.251.221.221.221.221.221.081.08
Shamyak Investment Private Limited
1.41.41.41.41.41.41.41.41.41.41.41.4
Others
0.31%0.3%0.3%0.35%0.33%0.31%0.3%0.31%0.31%0.3%0.3%0.31%
No. of Shareholders
2,47,0652,47,2652,43,2652,39,7802,34,4462,52,3172,53,6712,65,2022,58,9552,55,1692,47,6282,44,718

News & Updates

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - 47,755 shares dematerialised (Oct–Dec 2025); total demat 677,373,428 shares (99.53%).
Superannuation Of Senior Management Personnel Of The Company
31 Dec - Dr. Aspi Patel, Chief Technology Officer, will superannuate effective close of business 31 December 2025.
Closure of Trading Window
26 Dec - Trading window closed from 1 Jan 2026 until 48 hours after Dec-31,2025 results; board by 14 Feb 2026.

Annual Reports

Credit Ratings

Rating update
9 Jul 2025 from care
Rating update
2 Jun 2025 from icra
Rating update
30 May 2025 from crisil
Rating update
27 Mar 2025 from fitch
Rating update
9 Dec 2024 from icra
Rating update
9 Dec 2024 from crisil

Concalls

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