Grasim IndustriesNSE: GRASIMBSE: 500300Construction Materials · Cement & Cement Products

₹3,100.804.00 (0.13%)

Mkt Cap: ₹2.11 L Cr.
P/E (TTM): 42.63
Open: ₹3,115.70
Day's Range: ₹3,092.60 – ₹3,135.90
52W Range: ₹2,502.50 – ₹3,246.00
Div Yield: 0.32%
EPS (TTM): ₹73.16
Book Value: ₹1,525.54

Grasim Industries Financial Statements

Name: Grasim Industries Financials — historical data
Creator: StockeZee

For Mar 2026, Grasim Industries reported revenue of ₹1,75,431 crore and net profit of ₹4,966 crore. Return on equity stands at 5.05%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹1,75,431 Cr
EBITDA: ₹24,692 Cr
Operating margin: 14.08%
Profit after tax: ₹4,966 Cr
Net margin: 2.83%
EPS: ₹72.97
Latest year: Mar 2026
Years reported: 9

Grasim Industries profit & loss

Reported annual performance for Grasim Industries, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Grasim Industries annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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
Sales Growth YoY %	—	27.26%	6.38%	-1.58%	25.27%	22.91%	11.35%	13.36%	18.15%
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
Cost of Materials Consumed	11,635	14,972	14,618	11,007	16,890	21,622	22,430	26,823	31,974
Purchases of Stock-in-Trade	1,060	1,507	1,470	898	1,405	1,824	3,157	5,858	11,109
Changes in Inventories	-85	-247	-526	724	-922	-835	-167	-814	103
Gross Profit	44,728	56,738	62,063	63,769	78,329	95,015	1,05,559	1,16,611	1,32,245
Gross Margin %	78.01%	77.76%	79.95%	83.47%	81.85%	80.78%	80.59%	78.54%	75.38%
Total Operating Expenses	34,839	44,720	49,184	49,054	61,378	78,150	85,986	98,047	1,07,553
Employee Benefit Expense	3,992	5,193	5,865	5,535	6,328	7,194	7,963	9,722	11,246
Other Expenses	30,847	39,527	43,319	43,520	55,050	70,956	78,023	88,325	96,307
EBITDA	9,888	12,018	12,879	14,714	16,951	16,866	19,572	18,564	24,692
OPM %	17.25%	16.47%	16.59%	19.26%	17.71%	14.34%	14.94%	12.5%	14.08%
Total Non-Operating Expenses	3,651	2,466	4,997	5,501	5,388	5,784	6,087	9,017	10,943
Depreciation & Amortisation	2,724	3,260	4,041	4,033	4,161	4,552	5,001	6,454	7,726
Finance Costs	1,359	1,781	2,339	1,809	1,296	1,320	1,655	2,802	3,540
Exceptional Items (Before Tax)	-433	-2,575	-1,382	-342	-69	-88	-569	-239	-323
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
Current Tax	1,734	2,342	1,603	1,959	1,954	3,433	3,414	2,249	3,596
Deferred Tax	213	115	-1,634	1,063	-18	216	360	819	577
Effective Tax %	30.6%	47.22%	-0.5%	31.54%	15.81%	25.13%	27.73%	29.15%	29.21%
Profit/Loss from Discontinued Operations	0	0	0	237	516	0	0	0	0
Total Profit for Period	3,688	2,776	6,677	6,987	11,206	11,078	9,926	7,756	10,300
Less: Non-controlling Interests	1,009	1,004	2,252	2,682	3,657	4,251	4,301	4,051	5,334
Net Profit (Owner's PAT)	2,679	1,772	4,425	4,305	7,550	6,827	5,624	3,706	4,966
Net Profit Margin %	4.67%	2.43%	5.7%	5.63%	7.89%	5.8%	4.29%	2.5%	2.83%
PAT Growth YoY %	—	-33.85%	149.74%	-2.72%	75.38%	-9.57%	-17.62%	-34.12%	34.02%
Earnings Per Share (EPS)	₹39.43	₹26.07	₹65.09	₹63.3	₹110.97	₹100.33	₹82.65	₹54.45	₹72.97
Diluted Shares Outstanding (Cr.)	68	68	68	68	68	68	68	68	68
Profit/Loss from Associates	-727	29	562	189	380	209	89	297	189
Other Comprehensive Income (Net of Tax)	-279	-2,786	-5,002	4,841	3,281	-3,181	3,962	424	1,483
Expenses	51,966	68,568	72,507	67,868	84,276	1,06,721	1,18,631	1,39,409	1,62,328
Material Cost %	20.29%	20.52%	18.83%	14.41%	17.65%	18.38%	17.12%	18.07%	18.23%
Employee Cost %	6.96%	7.12%	7.55%	7.24%	6.61%	6.12%	6.08%	6.55%	6.41%
Other Cost %	53.8%	54.17%	55.81%	56.96%	57.52%	60.32%	59.57%	59.49%	54.9%
Interest Coverage (x)	5.27	4.92	3.78	5.9	9.87	9.33	8.81	4.32	4.79

Grasim Industries revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Grasim Industries balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Grasim Industries annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	83,160	90,988	1,02,562	1,16,175	1,22,913	1,38,938	1,57,813	1,69,865
Equity Share Capital	132	132	132	132	132	133	136	136
Reserves & Surplus	55,642	56,521	65,362	75,567	78,610	88,520	97,373	1,03,334
Equity Method Investments	6,284	6,533	6,838	7,050	11,017	10,483	10,025	10,080
Total Equity	83,160	90,988	1,02,562	1,16,175	1,22,913	1,38,938	1,57,813	1,69,865
Non-Current Liabilities	99,923	1,06,802	1,12,485	1,15,336	1,44,759	1,81,168	2,35,199	2,80,090
Long-term Borrowings	55,587	58,746	52,488	46,546	66,712	86,116	1,23,927	1,56,829
Deferred Tax Liabilities	5,985	6,997	8,457	8,527	8,443	9,417	12,487	13,124
Non-Current Provisions	246	315	425	733	766	869	1,074	1,163
Other Non-Current Liabilities	37,756	127	132	76	16	25	122	149
Non-Current Financial Liabilities	55,936	99,363	1,03,471	1,06,000	1,35,534	1,70,858	2,21,516	2,65,653
Current Liabilities	45,630	46,137	51,424	57,884	69,533	92,433	1,07,524	1,19,600
Short-term Borrowings	17,434	11,988	10,037	26,457	34,635	48,986	59,722	68,119
Trade Payables	5,777	6,689	8,123	14,983	15,431	18,128	15,438	19,435
Current Financial Liabilities	36,832	39,142	43,513	49,606	60,206	81,285	95,341	1,07,220
Other Current Financial Liabilities	13,621	20,465	25,354	8,166	10,139	14,172	20,182	19,666
Other Current Liabilities	6,789	4,561	5,587	6,445	6,438	6,971	7,894	7,719
Current Provisions	1,088	1,312	1,080	816	722	1,226	1,326	1,173
Liabilities Held for Sale	489	489	586	—	—	—	—	—
Current Tax Liabilities	920	1,122	1,243	1,018	2,167	2,951	2,962	3,488
Total Liabilities	1,46,042	1,53,428	1,64,495	1,73,220	2,14,292	2,73,601	3,42,723	3,99,689
Total Non-Current Assets	1,80,491	1,92,070	2,07,279	2,32,627	2,69,683	3,26,151	4,06,926	4,56,343
Property, Plant & Equipment (PPE)	49,654	55,758	53,767	58,149	63,754	69,505	1,03,939	1,12,103
Capital Work-in-Progress	2,698	3,822	5,719	6,572	7,730	18,229	14,610	15,877
Intangible Assets	8,980	11,747	11,226	8,895	8,592	8,303	12,697	12,313
Investment Property	16	16	15	15	14	14	14	13
Non-Current Investments	24,353	25,481	35,639	44,834	49,026	64,541	75,569	86,742
Loans – Non-Current	46,352	46,055	45,744	51,954	70,871	91,749	1,21,077	1,50,501
Other Non-Current Assets	3,780	4,235	3,541	6,215	7,502	7,130	7,948	7,391
Non-Current Financial Assets	91,024	89,693	1,05,903	1,25,383	1,50,507	1,91,784	2,35,675	2,75,962
Net Fixed Assets	61,332	71,328	70,713	73,616	80,076	96,037	1,31,245	1,40,293
Total Current Assets	47,617	52,345	57,459	56,758	67,504	86,365	93,472	1,13,066
Inventories	6,545	6,806	6,197	9,536	11,159	13,545	15,614	15,429
Trade Receivables	6,427	5,652	4,342	5,429	5,915	6,979	9,159	10,970
Cash & Cash Equivalents	1,224	3,073	2,617	2,241	2,313	2,388	4,883	2,798
Current Investments	6,944	11,494	17,571	14,722	14,806	18,277	17,140	17,743
Loans – Current	17,178	14,175	14,682	14,247	22,342	31,172	31,573	43,943
Current Financial Assets	38,800	42,022	48,857	44,447	52,789	68,516	73,154	92,263
Other Current Assets	2,233	3,518	2,404	2,774	3,553	3,982	4,564	5,275
Other Current Financial Assets	6,375	6,888	7,297	6,796	6,012	7,440	7,377	13,420
Assets Held for Sale	1,095	—	2,319	10	18	23	138	146
Current Tax Assets	39	0	0	0	3	323	141	100
Net Working Capital	1,987	6,208	6,035	-1,126	-2,029	-6,068	-14,051	-6,534
Additional Asset Fields	27,434	34,473	37,273	40,723	44,553	50,709	60,799	66,816
Def Tax Assets	47	138	205	246	382	423	495	420
Non Controlling Int	27,387	34,335	37,068	40,476	44,171	50,286	60,304	66,395
Total Assets	2,29,203	2,44,416	2,67,056	2,89,395	3,37,205	4,12,539	5,00,536	5,69,555
Total Borrowings	73,021	70,734	62,525	73,003	1,01,348	1,35,102	1,83,649	2,24,948
Net Debt	71,797	67,661	59,908	70,763	99,035	1,32,715	1,78,766	2,22,150
Debt to Equity (x)	0.88	0.78	0.61	0.63	0.82	0.97	1.16	1.32
Current Ratio (x)	1.04	1.13	1.12	0.98	0.97	0.93	0.87	0.95

Grasim Industries cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Grasim Industries annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	7,038	-12,685	-10,719	-17,170	-17,810
Profit Before Tax	12,247	14,518	13,611	10,528	14,283
Depreciation & Amortisation	4,161	4,552	5,001	6,454	7,726
Finance Costs	1,296	1,320	1,655	2,802	3,540
Working Capital Changes	-7,164	-28,304	-28,514	-33,768	-42,282
Tax Paid	-2,966	-2,095	-2,609	-2,551	-2,501
Net Cash from Investing Activities	-1,052	-13,687	-23,113	-23,982	-17,803
Purchase of PPE	-8,588	-12,036	-19,485	-17,181	-15,626
Sale of Fixed Assets	83	111	163	662	306
Interest Received	191	312	252	357	266
Net Cash from Financing Activities	-6,733	26,469	33,908	43,643	33,523
Proceeds from Borrowings	16,784	45,587	53,367	68,871	69,389
Repayment of Borrowings	-21,065	-16,407	-19,140	-23,763	-30,537
Interest Paid	-1,323	-1,194	-1,858	-3,016	-3,655
Dividend Paid	-1,066	-1,151	-1,126	-1,584	-1,671
Buyback / Redemption of Shares	-153	-223	-133	-115	-215
Lease Liabilities Paid	-353	0	-417	-630	-910
Net Change in Cash	-748	72	75	2,495	-2,085
Effect of Foreign Exchange Changes	-0	-25	-1	4	5
Free Cash Flow	-1,550	-24,721	-30,204	-34,351	-33,436
CFO / PBT (x)	0.57	-0.87	-0.79	-1.63	-1.25

Grasim Industries key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Grasim Industries valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	42.63
Forward P/E	Valuation	21.56
P/B	Valuation	2.05
PEG (TTM)	Valuation	-1.99
EV / EBITDA (TTM)	Valuation	13.38
P/S (TTM)	Valuation	1.2
Operating margin	Profitability	20.7%
Net margin (TTM)	Profitability	2.83%
Return on equity	Return ratios	5.05%
Return on capital employed	Return ratios	8.07%
Return on assets	Return ratios	3.34%
Debt to equity	Leverage & liquidity	2.2
Beta	Leverage & liquidity	1.04
EPS (TTM)	Per share	₹73.16
Book value	Per share	₹1,525.54
Revenue / share (TTM)	Per share	₹2,585.99
Cash flow / share	Per share	₹-262.63
Dividend yield	Shareholder returns	0.32%
Dividend payout (TTM)	Shareholder returns	13.69%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Grasim Industries: frequently asked questions

What is Grasim Industries's annual revenue?

Grasim Industries reported revenue of ₹1,75,431 crore in Mar 2026, up 18.2% on the previous financial year.

Is Grasim Industries profitable?

Grasim Industries reported a net profit of ₹4,966 crore in Mar 2026, up 34.0% on the previous financial year.

What is Grasim Industries's EPS?

Grasim Industries reported earnings per share of ₹72.97 for Mar 2026.

What is Grasim Industries's operating margin?

Grasim Industries's operating margin for Mar 2026 was 14.08%.

What is Grasim Industries's return on equity?

Grasim Industries's return on equity stands at 5.05%. ROE measures profit generated per rupee of shareholder equity.

How many years of Grasim Industries financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

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.