Grasim Industries
Grasim Industries Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Grasim Industries Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Grasim Industries Ltd trades at a P/E of 42.41× and P/B of 2.04×.
Valuation
Profitability
Growth
Financial Health
Grasim Industries Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Grasim Industries Ltd, switchable between annual and quarterly views, consolidated or standalone.
Grasim Industries Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,11,122.91 Cr and reported EPS of ₹73.22.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 57,338 | 72,971 | 77,625 | 76,398 | 95,701 | 1,17,627 | 1,30,978 | 1,48,478 | 1,75,431 |
| Other Income | 990 | 801 | 967 | 1,052 | 821 | 3,612 | 1,264 | 1,459 | 1,180 |
| Total Income | 58,328 | 73,772 | 78,592 | 77,450 | 96,522 | 1,21,239 | 1,32,243 | 1,49,937 | 1,76,611 |
| Cost of Goods Sold (COGS) | 12,611 | 16,232 | 15,562 | 12,629 | 17,372 | 22,612 | 25,420 | 31,867 | 43,186 |
| Gross Profit | 44,728 | 56,738 | 62,063 | 63,769 | 78,329 | 95,015 | 1,05,559 | 1,16,611 | 1,32,245 |
| +Operating Expenses | 34,839 | 44,720 | 49,184 | 49,054 | 61,378 | 78,150 | 85,986 | 98,047 | 1,07,553 |
| EBITDA | 9,888 | 12,018 | 12,879 | 14,714 | 16,951 | 16,866 | 19,572 | 18,564 | 24,692 |
| +Non-Operating Expenses | 3,651 | 2,466 | 4,997 | 5,501 | 5,388 | 5,784 | 6,087 | 9,017 | 10,943 |
| Profit Before Tax (PBT) | 6,362 | 5,204 | 6,085 | 9,582 | 12,247 | 14,518 | 13,611 | 10,528 | 14,283 |
| +Tax Expense | 1,947 | 2,457 | -31 | 3,022 | 1,936 | 3,649 | 3,774 | 3,069 | 4,172 |
| Profit After Tax (PAT) | 3,688 | 2,776 | 6,677 | 6,987 | 11,206 | 11,078 | 9,926 | 7,756 | 10,300 |
| Earnings Per Share (EPS) | 39.43 | 26.07 | 65.09 | 63.30 | 110.97 | 100.33 | 82.65 | 54.45 | 72.97 |
| Diluted Shares Outstanding (Nos.) | 68 | 68 | 68 | 68 | 68 | 68 | 68 | 68 | 68 |
| +Additional Disclosures | 64,147 | 80,472 | 84,500 | 88,105 | 1,09,413 | 1,30,524 | 1,51,834 | 1,75,809 | 2,12,197 |
| Sales Growth % | — | 27.26 | 6.38 | -1.58 | 25.27 | 22.91 | 11.35 | 13.36 | 18.15 |
| YoY Sales Growth % | — | 27.26 | 6.38 | -1.58 | 25.27 | 22.91 | 11.35 | 13.36 | 18.15 |
| Material Cost % | 20 | 21 | 19 | 14 | 18 | 18 | 17 | 18 | 18 |
| Employee Cost % | 7 | 7 | 8 | 7 | 7 | 6 | 6 | 7 | 6 |
| Other Cost % | 54 | 54 | 56 | 57 | 58 | 60 | 60 | 59 | 55 |
| OPM % | 17 | 16 | 17 | 19 | 18 | 14 | 15 | 13 | 14 |
| Tax % | 31 | 47 | -1 | 32 | 16 | 25 | 28 | 29 | 29 |
| Profit Growth % | — | -24.72 | 140.55 | 4.63 | 60.39 | -1.14 | -10.40 | -21.86 | 32.80 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 7,164 | 8,758 | 8,839 | 10,681 | 12,790 | 12,314 | 14,571 | 12,110 | 16,966 |
Grasim Industries segment analysis: revenue and profit mix.
Disclosed business segments at Grasim Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Grasim Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Grasim Industries Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Grasim Industries Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Grasim Industries Ltd's investment case rests on 6 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Grasim Industries demonstrates robust quarterly sales growth of 15.90% and a significant 29.10% surge in quarterly profits, indicating strong operational efficiency and market demand. This positive trend suggests a healthy financial outlook for the company.
The company maintains a healthy operating profit margin (OPM) of 19.80%, highlighting efficient cost management and robust pricing power. This profitability is further underscored by a substantial profit after tax of ₹4181 crore, showcasing financial strength.
Grasim boasts a substantial market capitalization of ₹201,397 crore, demonstrating considerable investor confidence and a strong position in the Construction Materials sector. This signifies significant market trust in the company's future.
Institutional investors, FIIs and DIIs, have steadily increased their stake, with FIIs rising from 11.49% to 14.37% and DIIs from 15.35% to 17.27% since June 2022, signaling growing confidence.
The company operates in the 'Construction Materials' sector, which is poised for growth driven by increasing infrastructure development and urbanization trends. This provides a strong demand outlook for its products.
What can break it.
Grasim Industries exhibits a high debt-to-equity ratio of 1.91, indicating significant reliance on debt financing. This high leverage could pose challenges during economic downturns or periods of rising interest rates, increasing financial risk for the company.
The company's Return on Equity (ROE) of 3.95% and Return on Capital Employed (ROCE) of 7.50% are relatively low, suggesting inefficiency in generating returns for shareholders and from its capital base compared to peers.
Grasim's stock trades at a high P/E ratio of 48.20, significantly above the sector P/E of 23.10. This suggests the stock might be overvalued, potentially limiting future upside or increasing downside risk.
The company's long-term recommendation is 'Avoid' due to weak fundamentals and a high-risk score of 43%. This indicates significant financial concerns, making it unsuitable for long-term investment.
Grasim faces intense competition from peers like UltraTech Cement, which boasts a higher market cap and better ROCE (10.89% vs Grasim's 7.50%), potentially impacting its market share and pricing power.
What would change my mind.
Trim if P/E re-rates above 55. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 134.64. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Grasim Industries Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Grasim Industries Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Grasim Industries Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Grasim Industries Ltd — derived from the live tape, not yesterday's close.
Grasim Industries Ltd last traded at ₹3,105.5 with an intraday range of ₹3,075–₹3,120 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹3105.50| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 3215.33 | +109.83 | +3.54% |
| R3 | 3170.33 | +64.83 | +2.09% |
| R2 | 3145.17 | +39.67 | +1.28% |
| R1 | 3125.33 | +19.83 | +0.64% |
| PIVOT | 3100.17 | -5.33 | -0.17% |
| CURRENT | 3105.50 | — | — |
| S1 | 2990.33 | -115.17 | -3.71% |
| S2 | 3035.33 | -70.17 | -2.26% |
| S3 | 3055.17 | -50.33 | -1.62% |
| S4 | 3080.33 | -25.17 | -0.81% |
GRASIM is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 3099.1 ~ 3120
Trading Inside opening range
Grasim Industries Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Grasim Industries Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Grasim Industries Ltd stood at 47.1% of traded volume, against a 20-day average of 54.6%.
Grasim Industries announcements: results, concalls, ratings, M&A.
Filings Grasim Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Grasim Industries files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 187 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Intimation of schedule of Analyst(s) / Institutional Investor(s) Meeting
Analysts/Institutional Investor Meet/Con. Call Updates
Grasim Industries Limited has informed the Exchange about Transcript
Copy of Newspaper Publication
Intimation under Regulations 33 and 47 of SEBI (LODR) Regulations, 2015
Updates
Grasim Industries Limited has informed the Exchange regarding 'Proposed subscription to the equity shares of Aditya Birla Capital Limited, subsidiary…
Investor Presentation
Grasim Industries Limited has informed the Exchange about Investor Presentation
Investor decks & rating reports.
Grasim Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Grasim Industries has declared, sequenced by announce and record date.
Grasim Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Grasim Industries Ltd: business, sector, key facts.
What Grasim Industries Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Grasim Industries Ltd operates in the Basic Materials, listed as NSE: GRASIM, BSE: 500300.
Grasim Industries Limited is a large Indian conglomerate with diverse business interests spanning several sectors. Its primary operations are focused on the manufacturing and sale of a wide range of products, including cellulosic fibers (staple fiber and fashion yarn), chemicals (caustic soda, chlorine derivatives, phosphoric acid, and specialty chemicals), and building materials (cement, paints, ready-mix concrete, and related services). The company also operates a substantial business-to-business e-commerce platform for building materials, providing a significant digital component to its operations.
A significant part of Grasim's business lies in its chemicals division. This segment encompasses the production of chlor-alkali products like caustic soda and chlorine derivatives, along with specialty chemicals such as epoxy polymers and curing agents. The scale and diversity of chemical production contribute significantly to Grasim's overall revenue and market position.
Grasim's building materials segment is another key contributor, offering a comprehensive range of products and services. This includes grey and white cement, putties, ready-mix concrete, and a variety of decorative paints marketed under the Birla Opus brand. The company also provides painting services and operates an e-commerce platform, Birla Pivot, expanding its reach and market penetration in the construction sector.
Beyond its core businesses, Grasim has a presence in financial services, offering non-banking financial services, housing finance, asset management, and insurance-related products. This diversification allows the company to generate revenue streams from various sectors and mitigate risk associated with relying solely on manufacturing and industrial operations. Furthermore, Grasim also engages in textile production, selling linen, wool, and cotton fabrics under various brands, and the generation of renewable energy through solar and wind power projects.
In summary, Grasim Industries Limited is a multifaceted company with a significant presence in the Indian and international markets. Its integrated business model, encompassing manufacturing, e-commerce, and financial services, positions it for continued growth and expansion across a variety of sectors. The company's long history and diversified portfolio make it a major player in the Indian economy.
Questions investors ask about Grasim Industries Ltd (GRASIM).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Grasim Industries Ltd (GRASIM)?
The current share price of Grasim Industries Ltd (GRASIM) is ₹3,105.5. Today, the stock has gained by ₹16.00 (0.52%), trading in a range of ₹3,075 to ₹3,120. The stock opened at ₹3,120 with a trading volume of 5,36,817 shares.
02Is Grasim Industries Ltd stock a good investment for long-term?
Grasim Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,11,122.91 crores, P/E ratio of 42.41, ROE of 6.29%, and ROCE of 7.50%. The dividend yield stands at 0.32%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Grasim Industries Ltd stock?
The 52-week high price of Grasim Industries Ltd (GRASIM) is ₹0, while the 52-week low is ₹0. Currently trading at ₹3,105.5, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Grasim Industries Ltd stock at the current price?
Whether to buy Grasim Industries Ltd stock at ₹3,105.5 depends on multiple factors. The stock is currently trading with a P/E ratio of 42.41 and P/B ratio of 2.04. Today's performance shows a gain of 0.52%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Grasim Industries Ltd and when is the next dividend?
Grasim Industries Ltd offers a dividend yield of 0.32%, which means for every ₹100 invested at the current price of ₹3,105.5, you can expect to receive approximately ₹0.32 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Grasim Industries Ltd?
Grasim Industries Ltd's key financial metrics include: P/E Ratio: 42.41, P/B Ratio: 2.04, ROE: 6.29%, ROCE: 7.50%, Dividend Yield: 0.32%, EPS: ₹73.22, Book Value: ₹1,525.83, and Debt-to-Equity: 134.14. The company's market cap stands at ₹2,11,122.91 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Grasim Industries Ltd stock performing today in the market?
Grasim Industries Ltd stock opened at ₹3,120 and is currently trading at ₹3,105.5, showing a gain of ₹16.00 (0.52%). The intraday high is ₹3,120 and low is ₹3,075. The trading volume stands at 5,36,817 shares, indicating moderate market participation today.
08What is the P/E ratio of Grasim Industries Ltd and what does it indicate?
Grasim Industries Ltd has a Price-to-Earnings (P/E) ratio of 42.41, which means investors are willing to pay ₹42.41 for every ₹1 of earnings. With an EPS of ₹73.22, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Grasim Industries Ltd (GRASIM) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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