Grasim Industries Ltd.

•

grasim.comBSE: 500300NSE: GRASIM

Market Cap₹ 2,25,082 Cr.

Current Price

High / Low₹ 3,411 / 2,502

Stock P/E315.6

Book Value₹ 813

Price to Book3.16

Dividend Yield0.30 %

ROCE2.0 %

ROE0.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Viscose: 56.4% • Chemicals: 32.7% • Others: 11.0%

AI Sector View

AI GENERATED

Construction Materials

Buy

Construction materials remain supported by healthy building activity. Core industries cement growth accelerated to 13.1% YoY (2026-07), while finished steel consumption was 8.0% YoY (2026-06); steel output itself was softer at 2.9% YoY (2026-07). FPI positioning is still mildly negative at INR -497 crore over 3 months to 2026-08-31, but the fundamental demand backdrop remains constructive.

Confidence

69%

View full sector analysis →

PROS

Latest quarter profit grew 308.7% YoY, showing strong momentum
Company has delivered good sales growth of 27.1% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.94x)
Stock looks reasonably valued - P/E of 315.6 is below its historical median
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (402.3% of PBT)
Recent results are weak - TTM profit is down 70.9% versus prior year
Company has a low return on capital employed of 2.2%
Company has a low return on equity of 1.0% over last 3 years
Interest coverage is weak at 1.5x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Construction MaterialsDiversifiedDiversified

Part ofNIFTY 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY50 VALUE 20 NIFTY TOTAL MKT

S.No.	Name
1.	GRASIM	3307.20	39.53	225081.61	0.30	3846.28	39.00	48716.20	21.43	9.72	22.94
2.	3MINDIA	33038.80	60.88	37218.44	1.53	157.15	21.62	1046.57	-0.29	51.87	19.63
3.	DCMSHRIRAM	997.10	10.85	15549.01	1.12	693.44	509.24	3784.67	9.96	11.72	8.93
4.	HNDFDS	612.95	47.71	7426.67	0.00	42.76	34.76	1201.08	20.75	14.15	8.35
5.	BALMLAWRIE	175.50	10.75	3001.12	4.84	70.93	5.32	748.73	10.00	15.33	15.26
6.	TTKHLTCARE	1179.65	22.54	1666.88	0.85	21.28	63.68	257.56	13.75	7.72	5.72
7.	KOTIC	137.35	0.00	1483.68	0.00	-28.90	—	52.44	98.47	-16.89	-42.58
8.	EMPIND	1076.80	164.59	646.08	2.32	14.18	47.35	183.60	10.07	18.16	10.77
9.	GILLANDERS	103.05	12.61	219.93	0.00	2.52	146.16	91.34	3.34	6.08	7.01
10.	ASPINWALL	251.25	12.49	196.43	2.59	-0.70	78.59	113.18	25.76	8.42	0.96

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	6,238	6,442	6,400	6,768	6,894	7,623	8,120	8,926	9,223	9,610	10,432	11,774	11,795
	5,564	5,848	5,878	6,241	6,569	7,298	7,850	8,705	8,839	9,244	9,953	11,234	11,641
Operating Profit	673	594	522	527	325	325	271	221	385	366	479	540	154
OPM %	10.80%	9.21%	8.16%	7.78%	4.72%	4.27%	3.33%	2.47%	4.17%	3.81%	4.59%	4.59%	1.30%
	116	760	120	-455	93	1,244	102	113	144	1,419	58	37	144
Interest	106	107	107	121	140	161	181	201	206	203	239	246	269
Depreciation	288	292	296	339	349	406	421	501	478	502	539	571	527
Profit before Tax	396	955	239	-388	-70	1,002	-230	-368	-156	1,081	-241	-240	298
Tax %	10.24%	16.80%	1.15%	-13.50%	25.78%	28.03%	26.80%	21.79%	24.41%	25.56%	27.48%	31.72%	17.10%
Net Profit	355	795	236	-441	-52	721	-169	-288	-118	805	-174	-164	247
	5.39	12.06	3.59	-6.66	-0.79	10.84	-2.53	-4.28	-1.74	11.86	-2.57	-2.41	3.64

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	10,346	15,786	20,550	16,082	12,386	20,857	26,840	25,847	31,563	41,039	43,611
	8,191	12,708	16,481	13,946	10,822	17,651	23,660	23,531	30,422	39,269	42,072
Operating Profit	2,155	3,078	4,070	2,135	1,564	3,206	3,180	2,316	1,141	1,771	1,539
OPM %	20.83%	19.50%	19.80%	13.28%	12.63%	15.37%	11.85%	8.96%	3.62%	4.31%	3.53%
	474	191	-1,799	208	433	837	930	541	1,551	1,658	1,659
Interest	58	128	199	238	236	247	368	440	684	895	958
Depreciation	446	628	760	814	828	914	1,097	1,215	1,676	2,090	2,138
Profit before Tax	2,125	2,513	1,312	1,292	933	2,881	2,645	1,202	333	444	898
Tax %	26.59%	29.62%	60.71%	5.14%	13.12%	6.45%	19.72%	21.32%	36.25%	21.61%	20.60%
Net Profit	1,560	1,769	515	1,225	810	2,695	2,124	945	212	348	713
EPS	33.38	29.17	7.84	19.61	13.77	46.40	32.19	14.24	3.12	5.12	—
Dividend Payout %	16.46%	23.04%	89.33%	21.47%	73.08%	24.42%	31.00%	70.23%	320.84%	195.33%	—

COMPOUNDED SALES GROWTH

10 Years:: 16%
5 Years:: 27%
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: -10%
5 Years:: -16%
3 Years:: -45%

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 16%
3 Years:: 21%
1 Year:: 19%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 3%
3 Years:: 1%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	93	131	132	132	132	132	132	133	136	136
	16,117	44,636	41,798	37,507	42,760	48,413	46,726	51,862	54,099	54,941
	723	3,013	3,007	5,186	4,217	3,434	4,635	9,683	11,876	12,516
Trade Payables	1,114	2,253	2,376	2,690	2,652	4,651	4,711	5,483	4,831	6,024
	1,804	3,684	4,482	4,064	4,940	6,006	5,974	6,977	7,039	7,415
Total Liabilities	19,851	53,718	51,794	49,579	54,700	62,636	62,177	74,138	77,981	81,032
	6,887	10,817	11,232	12,234	10,966	14,858	16,220	17,105	23,730	24,702
Capital Work in Progress	373	718	1,457	2,636	3,741	1,610	2,721	6,506	2,617	1,716
	8,996	35,547	31,128	27,542	33,640	38,691	33,897	39,212	39,635	42,114
	1,733	2,592	2,932	2,657	2,179	3,941	4,493	5,215	6,051	5,732
	0	0	0	0	0	0	0	1,974	2,554	3,212
Cash & Bank	53	42	42	79	133	225	474	310	194	132
	1,809	4,003	5,003	4,431	4,041	3,312	4,373	3,815	3,199	3,423
Total Assets	19,851	53,718	51,794	49,579	54,700	62,636	62,177	74,138	77,981	81,032

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,480	2,876	3,068	3,533	2,581	3,306	2,726	1,778	-25	2,681
Cash from Investing	-844	-1,922	-2,263	-4,494	-2,216	-3,486	-2,190	-5,586	-2,883	-1,524
Cash from Financing	-1,404	-451	-299	993	-1,509	-777	-165	3,840	2,896	-1,179
	12	-20	-7	31	-1,323	-1,606	-36	32	-13	-22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.06	43.11	43.11	43.11	43.11	43.11	43.22	43.74	43.74
	13.70	13.78	13.50	13.45	13.79	14.37	14.49	14.91	14.63
	16.66	17.75	17.90	18.24	17.91	17.27	16.99	16.28	16.13
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.58	23.30	23.44	23.10	23.04	23.05	23.00	22.80	22.97

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Intimation of schedule of Analysts / Institutional Investor Meet

2026-09-03

Updates

2026-09-03 - Corporate Dossier of Grasim Industries Limited

2026-08-29

General Updates

2026-08-29 - Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

2026-08-28

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-28 - Grasim Industries Limited has informed the Exchange about Schedule of meet

2026-08-26

General Updates

2026-08-26 - Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015

2026-08-24

Copy of Newspaper Publication

2026-08-24 - Newspaper Advertisement regarding Special Window - Re- Lodgement for Transfer and Dematerialisation of Physical Securities

2026-08-22

General Updates

2026-08-22 - Appointment of Joint Statutory Auditor for a term of 5 consecutive years

2026-08-22

Shareholders meeting

2026-08-22 - Scrutinizer's Report and Voting Results of the 79th Annual General Meeting of the Company

2026-08-21

Acquisition

2026-08-21 - Incorporation of UHG Holdings IFSC Private Limited

News

Recent coverage and analyst commentary for GRASIM

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Grasim Industries Ltd.

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Free 5nance Account

Name

GRASIM

3307.20

39.53

225081.61

0.30

3846.28

39.00

48716.20

21.43

9.72

22.94

3MINDIA

33038.80

60.88

37218.44

1.53

157.15

21.62

1046.57

-0.29

51.87

19.63

DCMSHRIRAM

997.10

10.85

15549.01

1.12

693.44

509.24

3784.67

9.96

11.72

8.93

HNDFDS

612.95

47.71

7426.67

0.00

42.76

34.76

1201.08

20.75

14.15

8.35

BALMLAWRIE

175.50

10.75

3001.12

4.84

70.93

5.32

748.73

10.00

15.33

15.26

TTKHLTCARE

1179.65

22.54

1666.88

0.85

21.28

63.68

257.56

13.75

7.72

5.72

KOTIC

137.35

0.00

1483.68

0.00

-28.90

—

52.44

98.47

-16.89

-42.58

EMPIND

1076.80

164.59

646.08

2.32

14.18

47.35

183.60

10.07

18.16

10.77

GILLANDERS

103.05

12.61

219.93

0.00

2.52

146.16

91.34

3.34

6.08

7.01

ASPINWALL

251.25

12.49

196.43

2.59

-0.70

78.59

113.18

25.76

8.42

0.96

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

6,238

6,442

6,400

6,768

6,894

7,623

8,120

8,926

9,223

9,610

10,432

11,774

11,795

5,564

5,848

5,878

6,241

6,569

7,298

7,850

8,705

8,839

9,244

9,953

11,234

11,641

Operating Profit

673

594

522

527

325

271

221

385

366

479

540

154

OPM %

10.80%

9.21%

8.16%

7.78%

4.72%

4.27%

3.33%

2.47%

4.17%

3.81%

4.59%

1.30%

116

760

120

-455

1,244

102

113

144

1,419

144

Interest

106

107

121

140

161

181

201

206

203

239

246

269

Depreciation

288

292

296

339

349

406

421

501

478

502

539

571

527

Profit before Tax

396

955

239

-388

-70

1,002

-230

-368

-156

1,081

-241

-240

298

Tax %

10.24%

16.80%

1.15%

-13.50%

25.78%

28.03%

26.80%

21.79%

24.41%

25.56%

27.48%

31.72%

17.10%

Net Profit

355

795

236

-441

-52

721

-169

-288

-118

805

-174

-164

247

5.39

12.06

3.59

-6.66

-0.79

10.84

-2.53

-4.28

-1.74

11.86

-2.57

-2.41

3.64

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

10,346

15,786

20,550

16,082

12,386

20,857

26,840

25,847

31,563

41,039

43,611

8,191

12,708

16,481

13,946

10,822

17,651

23,660

23,531

30,422

39,269

42,072

Operating Profit

2,155

3,078

4,070

2,135

1,564

3,206

3,180

2,316

1,141

1,771

1,539

OPM %

20.83%

19.50%

19.80%

13.28%

12.63%

15.37%

11.85%

8.96%

3.62%

4.31%

3.53%

474

191

-1,799

208

433

837

930

541

1,551

1,658

1,659

Interest

128

199

238

236

247

368

440

684

895

958

Depreciation

446

628

760

814

828

914

1,097

1,215

1,676

2,090

2,138

Profit before Tax

2,125

2,513

1,312

1,292

933

2,881

2,645

1,202

333

444

898

Tax %

26.59%

29.62%

60.71%

5.14%

13.12%

6.45%

19.72%

21.32%

36.25%

21.61%

20.60%

Net Profit

1,560

1,769

515

1,225

810

2,695

2,124

945

212

348

713

EPS

33.38

29.17

7.84

19.61

13.77

46.40

32.19

14.24

3.12

5.12

—

Dividend Payout %

16.46%

23.04%

89.33%

21.47%

73.08%

24.42%

31.00%

70.23%

320.84%

195.33%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

131

132

133

136

16,117

44,636

41,798

37,507

42,760

48,413

46,726

51,862

54,099

54,941

723

3,013

3,007

5,186

4,217

3,434

4,635

9,683

11,876

12,516

Trade Payables

1,114

2,253

2,376

2,690

2,652

4,651

4,711

5,483

4,831

6,024

1,804

3,684

4,482

4,064

4,940

6,006

5,974

6,977

7,039

7,415

Total Liabilities

19,851

53,718

51,794

49,579

54,700

62,636

62,177

74,138

77,981

81,032

6,887

10,817

11,232

12,234

10,966

14,858

16,220

17,105

23,730

24,702

Capital Work in Progress

373

718

1,457

2,636

3,741

1,610

2,721

6,506

2,617

1,716

8,996

35,547

31,128

27,542

33,640

38,691

33,897

39,212

39,635

42,114

1,733

2,592

2,932

2,657

2,179

3,941

4,493

5,215

6,051

5,732

1,974

2,554

3,212

Cash & Bank

133

225

474

310

194

132

1,809

4,003

5,003

4,431

4,041

3,312

4,373

3,815

3,199

3,423

Total Assets

19,851

53,718

51,794

49,579

54,700

62,636

62,177

74,138

77,981

81,032

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

2,480

2,876

3,068

3,533

2,581

3,306

2,726

1,778

-25

2,681

Cash from Investing

-844

-1,922

-2,263

-4,494

-2,216

-3,486

-2,190

-5,586

-2,883

-1,524

Cash from Financing

-1,404

-451

-299

993

-1,509

-777

-165

3,840

2,896

-1,179

-20

-7

-1,323

-1,606

-36

-13

-22

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

43.06

43.11

43.22

43.74

13.70

13.78

13.50

13.45

13.79

14.37

14.49

14.91

14.63

16.66

17.75

17.90

18.24

17.91

17.27

16.99

16.28

16.13

Government

0.00

23.58

23.30

23.44

23.10

23.04

23.05

23.00

22.80

22.97

Grasim Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Grasim Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI