Skip to main content
Swing Capital

Grasim Industries Ltd

NSE: GRASIM BSE: 500300Textile

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]

₹2,936
52W: ₹2502 — ₹3007
PE 518 · Book ₹808 · +263% vs book
Market Cap₹1,99,784 Cr
Stock P/E518Price to Earnings
ROCE1.52%Return on Capital
ROE0.35%Return on Equity
Div. Yield0.34%Face Value ₹2

Strengths

  • +Company has been maintaining a healthy dividend payout of 141%

Weaknesses

  • −Stock is trading at 3.62 times its book value
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 2.37% over last 3 years.
  • −Earnings include an other income of Rs.1,734 Cr.

Shareholding Pattern

Promoters43.73%
FIIs14.91%
DIIs16.28%
Public24.75%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters43.05%43.11%▲0.143.11%43.11%43.11%43.11%43.21%▲0.143.73%▲0.5
FIIs13.69%13.78%▲0.113.5%▼0.313.45%▼0.113.79%▲0.314.37%▲0.614.49%▲0.114.91%▲0.4
DIIs16.66%17.75%▲1.117.9%▲0.118.24%▲0.317.91%▼0.317.27%▼0.616.99%▼0.316.28%▼0.7
Public26.29%25.04%▼1.325.17%▲0.124.87%▼0.324.87%24.92%▲0.124.93%▲0.024.75%▼0.2

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales6,4426,4006,7686,8947,6238,1208,9269,2239,61010,432
Expenses5,8485,8786,2416,5697,2987,8508,7058,8399,2449,953
Operating Profit594522527325325271221385366479
OPM %9%8%8%5%4%3%2%4%4%5%
Net Profit795236-441-52721-169-288-118805-174
EPS ₹11.683.47-6.7-0.7910.95-2.56-4.23-1.7411.82-2.56

AI Insights

Revenue Trend

TTM revenue at ₹38,191Cr, up 21% YoY. OPM at 4%.

Debt Position

Borrowings at ₹12,946Cr. Debt-to-equity ratio: 0.24x. Healthy balance sheet.

Capex Cycle

CWIP at ₹3,116Cr (13% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 16.28% (-0.54pp change). FIIs: 14.91% (+2.62pp change). Promoters hold 43.73%.

Margin & Efficiency

ROCE declining from 8% (Mar 2014) to 2% (Mar 2025). Working capital days: -11.

Valuation

PE 518x with 1.52% ROCE. Price is 263% above book value of ₹808. Dividend yield: 0.34%.

Recent Announcements