Grasim Industries Ltd
GRASIM NSE
Grasim Industries Ltd
Commodities F&ONSE: GRASIM BSE: 500300 Cement & Cement Products
Key Fundamentals
Volatility
Moderate
EBITDA
₹29,721 Cr
Return on Equity
7.14%
Debt to Equity
1.74
EPS
₹85.43
52W High
₹3,007.3
52W Low
₹2,502.5
Technical Indicators
Key Insights
Weaknesses
3- Company has low interest coverage ratio.
- Company has a low return on equity of 6.41% over last 3 years.
- Dividend payout has been low at 13.3% of profits over last 3 years
Growth Rate
Revenue Growth
13.38% ↗
Net Income Growth
-21.86% ↘
Cash Flow Change
-60.18% ↘
ROE
-31.23% ↘
ROCE
-17.27% ↘
EBITDA Margin (Avg.)
-7.90% ↘
Quarterly Results
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation | 1,139 | 1,207 | 1,183 | 1,245 | 1,244 | 1,329 | 1,443 | 1,572 | 1,608 | 1,831 | 1,810 | 1,899 | 1,975 |
| EPS in Rs | 36.97 | 20.12 | 23.17 | 17.1 | 22.25 | 20.8 | 16.33 | 4.78 | 12.45 | 21.98 | 20.85 | 8.13 | 15.23 |
| Expenses | 23,775 | 27,332 | 24,708 | 24,173 | 25,073 | 29,835 | 27,927 | 28,197 | 28,575 | 35,517 | 31,296 | 32,228 | 35,442 |
| Interest | 1,608 | 1,816 | 2,032 | 2,226 | 2,433 | 2,586 | 2,795 | 3,027 | 3,270 | 3,407 | 3,551 | 3,669 | 3,909 |
| Net Profit | 4,455 | 2,356 | 2,576 | 2,024 | 2,603 | 2,722 | 2,066 | 983 | 1,734 | 2,973 | 2,767 | 1,498 | 2,233 |
| OPM % | 17% | 18% | 20% | 20% | 22% | 21% | 19% | 18% | 19% | 20% | 22% | 19% | 20% |
| Operating Profit | 4,863 | 6,131 | 6,357 | 6,048 | 6,893 | 7,892 | 6,682 | 6,026 | 6,804 | 8,750 | 8,822 | 7,671 | 8,870 |
| Other Income | 2,972 | 308 | 296 | 285 | 256 | -48 | 247 | 403 | 382 | 485 | 372 | 406 | 65 |
| PBT | 5,087 | 3,415 | 3,438 | 2,862 | 3,472 | 3,928 | 2,691 | 1,830 | 2,308 | 3,996 | 3,834 | 2,510 | 3,051 |
| Sales | 28,638 | 33,462 | 31,065 | 30,221 | 31,965 | 37,727 | 34,610 | 34,223 | 35,378 | 44,267 | 40,118 | 39,900 | 44,312 |
| Tax % | 12% | 31% | 25% | 29% | 25% | 31% | 23% | 46% | 25% | 26% | 28% | 40% | 27% |
Profit & Loss
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation | 1,457 | 1,563 | 1,834 | 1,808 | 2,724 | 3,571 | 4,004 | 4,033 | 4,161 | 4,552 | 5,001 | 6,454 | 7,516 |
| Div. Payout % | 9% | 9% | 9% | 8% | 15% | 27% | 6% | 14% | 9% | 10% | 12% | 18% | — |
| EPS in Rs | 43.66 | 36.75 | 51.15 | 65.64 | 39.43 | 24.91 | 64.9 | 63.3 | 111 | 100 | 85.42 | 54.46 | 66.19 |
| Expenses | 23,416 | 26,590 | 28,576 | 28,682 | 44,281 | 60,560 | 57,880 | 57,769 | 75,270 | 96,038 | 1,03,783 | 1,20,216 | 1,34,483 |
| Interest | 447 | 667 | 718 | 702 | 3,663 | 6,060 | 6,890 | 5,723 | 4,776 | 6,044 | 9,277 | 12,500 | 14,536 |
| Net Profit | 2,954 | 2,582 | 3,455 | 4,246 | 3,688 | 2,745 | 6,639 | 6,987 | 11,206 | 11,078 | 9,926 | 7,756 | 9,471 |
| OPM % | 17% | 16% | 17% | 20% | 21% | 22% | 15% | 24% | 21% | 18% | 21% | 19% | 20% |
| Operating Profit | 4,915 | 5,144 | 5,911 | 7,387 | 11,612 | 16,640 | 10,373 | 18,635 | 20,431 | 21,589 | 27,195 | 28,262 | 34,114 |
| Other Income | 576 | 530 | 1,320 | 1,076 | 410 | -1,846 | 7,076 | 1,130 | 1,648 | 3,733 | 783 | 1,517 | 1,328 |
| PBT | 3,586 | 3,443 | 4,679 | 5,952 | 5,635 | 5,163 | 6,554 | 10,009 | 13,143 | 14,727 | 13,700 | 10,825 | 13,390 |
| Sales | 28,331 | 31,734 | 34,487 | 36,068 | 55,894 | 77,200 | 68,252 | 76,404 | 95,701 | 1,17,627 | 1,30,978 | 1,48,478 | 1,68,597 |
| Tax % | 20% | 30% | 26% | 29% | 35% | 47% | -1% | 30% | 15% | 25% | 28% | 28% | — |
Balance Sheet
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Borrowings | 9,681 | 11,930 | 12,505 | 9,213 | 67,070 | 84,487 | 84,777 | 79,078 | 74,744 | 1,03,039 | 1,37,155 | 1,86,326 | 2,05,403 |
| CWIP | 4,045 | 2,755 | 1,788 | 1,297 | 2,290 | 2,766 | 3,904 | 5,769 | 6,615 | 7,778 | 18,358 | 14,765 | 14,333 |
| Equity Capital | 92 | 92 | 93 | 93 | 131 | 132 | 132 | 132 | 132 | 132 | 133 | 136 | 136 |
| Fixed Assets | 25,209 | 31,828 | 34,271 | 34,786 | 69,257 | 87,129 | 87,736 | 85,023 | 88,996 | 94,896 | 1,00,494 | 1,41,148 | 1,45,019 |
| Investments | 7,611 | 7,255 | 10,601 | 14,200 | 65,995 | 62,747 | 66,337 | 88,017 | 96,766 | 1,05,355 | 1,29,306 | 1,40,496 | 1,07,901 |
| Other Assets | 10,872 | 12,194 | 12,916 | 12,464 | 70,356 | 88,484 | 86,204 | 88,540 | 96,771 | 1,28,793 | 1,63,959 | 2,03,632 | 2,62,848 |
| Other Liabilities | 16,441 | 18,963 | 19,642 | 22,147 | 83,467 | 98,620 | 1,02,772 | 1,22,777 | 1,38,706 | 1,55,042 | 1,86,309 | 2,16,206 | 2,25,081 |
| Reserves | 21,523 | 23,048 | 27,336 | 31,294 | 57,230 | 57,888 | 56,501 | 65,362 | 75,567 | 78,610 | 88,520 | 97,373 | 99,482 |
| Total Assets | 47,736 | 54,033 | 59,576 | 62,747 | 2,07,899 | 2,41,127 | 2,44,181 | 2,67,349 | 2,89,149 | 3,36,823 | 4,12,116 | 5,00,040 | 5,30,102 |
| Total Liabilities | 47,736 | 54,033 | 59,576 | 62,747 | 2,07,899 | 2,41,127 | 2,44,181 | 2,67,349 | 2,89,149 | 3,36,823 | 4,12,116 | 5,00,040 | 5,30,102 |
Cash Flow
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CFO/OP | 90 | 95 | 119 | 112 | -21 | 1 | 177 | 91 | 49 | -49 | -30 | -52 |
| Financing | -1,046 | -2,278 | -1,365 | -3,799 | 3,449 | 4,158 | -3,418 | -8,003 | -6,733 | 26,469 | 33,908 | 42,978 |
| Investing | -2,336 | -2,359 | -4,515 | -3,509 | 1,546 | -2,212 | -11,364 | -7,146 | -1,053 | -13,712 | -23,114 | -23,313 |
| Operating | 3,549 | 4,594 | 5,868 | 7,288 | -4,140 | -1,659 | 16,620 | 15,075 | 7,038 | -12,685 | -10,719 | -17,170 |
| Free Cash Flow | 200 | 1,315 | 3,120 | 5,495 | -7,186 | -5,667 | 11,638 | 11,525 | -1,467 | -24,610 | -30,042 | -33,688 |
| Net Cash Flow | 168 | -42 | -11 | -20 | 856 | 287 | 1,838 | -75 | -748 | 72 | 75 | 2,495 |
Ratios
| 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 Conversion Cycle | 82 | 136 | 103 | 76 | 58 | 53 | 38 | -29 | -18 | -17 | -7 | 25 |
| Days Payable | 160 | 102 | 97 | 117 | 146 | 133 | 172 | 229 | 239 | 216 | 221 | 177 |
| Debtor Days | 32 | 30 | 32 | 30 | 34 | 32 | 31 | 21 | 21 | 18 | 19 | 23 |
| Inventory Days | 209 | 207 | 168 | 163 | 170 | 154 | 179 | 179 | 200 | 180 | 194 | 179 |
| ROCE % | 10% | 9% | 11% | 13% | 10% | 8% | 8% | 9% | 9% | 10% | 9% | 8% |
| Working Capital Days | 1 | -44 | -56 | -19 | -95 | -47 | -84 | -103 | -88 | -75 | -91 | -105 |
Documents
Audio Recording - Earnings Call
2025-11-05
Audio Recording - Earnings Call
2025-08-08
Audio Recording - Earnings Call
2025-05-23
Audio Recording - Earnings Call
2025-02-11
Audio / Video Recording - Earnings Call
2024-11-15
Audio / Video Recording - Earnings Call
2024-08-09
Audio / Video Recording - Earnings Call
2024-05-23
Audio / Video Recording - Earnings Call
2024-02-09
Audio / Video Recording - Earnings Call
2023-11-15
Audio / Video Recording - Earnings Call
2023-08-10
Frequently Asked Questions about Grasim Industries Ltd
What does Grasim Industries Ltd do?
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 a...
Where is Grasim Industries Ltd (GRASIM) listed?
Grasim Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: GRASIM and BSE: 500300. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Grasim Industries Ltd belong to?
Grasim Industries Ltd operates in the Commodities sector within the Cement & Cement Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the 52-week high and low of Grasim Industries Ltd?
Over the past 52 weeks, Grasim Industries Ltd has traded between a low of ₹2,502.5 and a high of ₹3,007.3. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Grasim Industries Ltd?
Grasim Industries Ltd has a Return on Equity (ROE) of 7.14%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Grasim Industries Ltd on Tapetide?
On Tapetide, you can view Grasim Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]
Website grasim.com
CEO Mr. Himanshu Kapania
Employees 27,327
Listed 1995-05-10
Face Value ₹ 2
Issued Size 68,05,21,734