Grasim Industries Limited
Grasim Industries Limited (GRASIM) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Commodities›Construction Materials›Cement & Cement Products›Cement & Cement Products
grasim.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30,221 Cr | 31,965 Cr | 37,727 Cr | 33,861 Cr | 33,563 Cr | 34,793 Cr | 44,267 Cr | 40,118 Cr | 39,900 Cr | 44,312 Cr | 51,101 Cr | 48,716 Cr |
| Operating expenses (approx.) | 25,996 Cr | 27,072 Cr | 31,958 Cr | 29,401 Cr | 29,916 Cr | 30,494 Cr | 38,103 Cr | 34,030 Cr | 35,028 Cr | 38,363 Cr | 43,318 Cr | 40,944 Cr |
| EBITDA | 4,225 Cr | 4,893 Cr | 5,769 Cr | 4,460 Cr | 3,646 Cr | 4,299 Cr | 6,164 Cr | 6,088 Cr | 4,872 Cr | 5,949 Cr | 7,783 Cr | 7,772 Cr |
| OPM % | 14.0% | 15.3% | 15.3% | 13.2% | 10.9% | 12.4% | 13.9% | 15.2% | 12.2% | 13.4% | 15.2% | 16.0% |
| Other income | 285 Cr | 256 Cr | 427 Cr | 300 Cr | 395 Cr | 369 Cr | 383 Cr | 342 Cr | 345 Cr | 265 Cr | 228 Cr | 305 Cr |
| Interest | 398 Cr | 433 Cr | 463 Cr | 481 Cr | 581 Cr | 699 Cr | 821 Cr | 816 Cr | 869 Cr | 933 Cr | 922 Cr | 919 Cr |
| Depreciation | 1,245 Cr | 1,244 Cr | 1,329 Cr | 1,368 Cr | 1,496 Cr | 1,532 Cr | 1,831 Cr | 1,810 Cr | 1,899 Cr | 1,975 Cr | 2,042 Cr | 1,988 Cr |
| Profit before tax | 2,862 Cr | 3,472 Cr | 3,928 Cr | 2,976 Cr | 1,968 Cr | 2,448 Cr | 3,996 Cr | 3,834 Cr | 2,510 Cr | 3,051 Cr | 5,078 Cr | 5,183 Cr |
| Tax % | 29.3% | 25.0% | 30.7% | 23.8% | 44.1% | 24.7% | 25.6% | 27.8% | 40.3% | 26.8% | 25.1% | 25.8% |
| Net profit | 2,024 Cr | 2,603 Cr | 2,722 Cr | 2,268 Cr | 1,100 Cr | 1,844 Cr | 2,973 Cr | 2,767 Cr | 1,498 Cr | 2,233 Cr | 3,802 Cr | 3,846 Cr |
| EPS (₹) | ₹17.73 | ₹23.08 | ₹20.69 | ₹18.25 | ₹5.86 | ₹13.47 | ₹22.22 | ₹20.91 | ₹8.16 | ₹15.28 | ₹28.87 | ₹31.64 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 72,971 Cr | 77,625 Cr | 76,398 Cr | 95,701 Cr | 1,17,627 Cr | 1,30,978 Cr | 1,48,478 Cr | 1,75,431 Cr | Sign in for TTM |
| Operating expenses (approx.) | 60,952 Cr | 64,746 Cr | 61,684 Cr | 78,750 Cr | 1,00,761 Cr | 1,11,406 Cr | 1,29,914 Cr | 1,50,739 Cr | Sign in for TTM |
| EBITDA | 12,018 Cr | 12,879 Cr | 14,714 Cr | 16,951 Cr | 16,866 Cr | 19,572 Cr | 18,564 Cr | 24,692 Cr | Sign in for TTM |
| OPM % | 16.5% | 16.6% | 19.3% | 17.7% | 14.3% | 14.9% | 12.5% | 14.1% | Sign in for TTM |
| Other income | 801 Cr | 967 Cr | 1,052 Cr | 821 Cr | 3,612 Cr | 1,264 Cr | 1,459 Cr | 1,180 Cr | Sign in for TTM |
| Interest | 1,781 Cr | 2,339 Cr | 1,809 Cr | 1,296 Cr | 1,320 Cr | 1,655 Cr | 2,802 Cr | 3,540 Cr | Sign in for TTM |
| Depreciation | 3,260 Cr | 4,041 Cr | 4,033 Cr | 4,161 Cr | 4,552 Cr | 5,001 Cr | 6,454 Cr | 7,726 Cr | Sign in for TTM |
| Profit before tax | 5,259 Cr | 6,121 Cr | 9,886 Cr | 13,202 Cr | 14,727 Cr | 13,700 Cr | 10,825 Cr | 14,473 Cr | Sign in for TTM |
| Tax % | 46.7% | -0.5% | 30.6% | 14.7% | 24.8% | 27.5% | 28.3% | 28.8% | Sign in for TTM |
| Net profit | 2,776 Cr | 6,677 Cr | 6,987 Cr | 11,206 Cr | 11,078 Cr | 9,926 Cr | 7,756 Cr | 10,300 Cr | Sign in for TTM |
| EPS (₹) | ₹26.96 | ₹67.42 | ₹65.58 | ₹114.98 | ₹103.98 | ₹85.29 | ₹55.57 | ₹73.21 | Sign in for TTM |
| Dividend payout % | — | — | — | 9.5% | 10.4% | 11.3% | 20.4% | 16.2% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 132 Cr | 132 Cr | 132 Cr | 132 Cr | 132 Cr | 133 Cr | 136 Cr | 136 Cr |
| Reserves | 55,642 Cr | 56,521 Cr | 65,362 Cr | 75,567 Cr | 78,610 Cr | 88,520 Cr | 97,373 Cr | 1,03,334 Cr |
| Borrowings | — | — | — | — | 1,01,348 Cr | 1,35,102 Cr | 1,83,649 Cr | 2,24,948 Cr |
| Other liabilities | 1,73,429 Cr | 1,87,763 Cr | 2,01,562 Cr | 2,13,697 Cr | 1,12,944 Cr | 1,38,498 Cr | 1,59,074 Cr | 1,74,741 Cr |
| Total liabilities | 2,29,203 Cr | 2,44,416 Cr | 2,67,056 Cr | 2,89,395 Cr | 3,37,205 Cr | 4,12,539 Cr | 5,00,536 Cr | 5,69,555 Cr |
| Fixed assets (net) | — | — | — | — | 63,754 Cr | 69,505 Cr | 1,03,939 Cr | 1,12,103 Cr |
| CWIP | — | — | — | — | 7,730 Cr | 18,229 Cr | 14,610 Cr | 15,877 Cr |
| Investments | — | — | — | — | 74,864 Cr | 93,314 Cr | 1,02,747 Cr | 1,14,577 Cr |
| Loans & advances | — | — | — | — | 22,342 Cr | 31,172 Cr | 31,573 Cr | 43,943 Cr |
| Inventories | — | — | — | — | 11,159 Cr | 13,545 Cr | 15,614 Cr | 15,429 Cr |
| Trade receivables | — | — | — | — | 5,915 Cr | 6,979 Cr | 9,159 Cr | 10,970 Cr |
| Cash & bank | — | — | — | — | 2,313 Cr | 2,388 Cr | 4,883 Cr | 2,798 Cr |
| Other assets | 2,29,203 Cr | 2,44,416 Cr | 2,67,056 Cr | 2,89,395 Cr | 1,49,129 Cr | 1,77,408 Cr | 2,18,011 Cr | 2,53,859 Cr |
| Total assets | 2,29,203 Cr | 2,44,416 Cr | 2,67,056 Cr | 2,89,395 Cr | 3,37,205 Cr | 4,12,539 Cr | 5,00,536 Cr | 5,69,555 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 7,038 Cr | -12,685 Cr | -10,719 Cr | -17,170 Cr | -17,810 Cr |
| Cash from investing | — | — | — | -1,052 Cr | -13,687 Cr | -23,113 Cr | -23,982 Cr | -17,803 Cr |
| Cash from financing | — | — | — | -6,733 Cr | 26,469 Cr | 33,908 Cr | 43,643 Cr | 33,523 Cr |
| Net cash flow | — | — | — | -748 Cr | 72 Cr | 75 Cr | 2,495 Cr | -2,085 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -1,550 Cr | -24,721 Cr | -30,204 Cr | -34,351 Cr | -33,436 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 12.6% | 14.9% | 17.9% | 19.2% | 7.2% | 5.6% | 4.0% | 4.6% |
| ROE % | 3.2% | 7.8% | 6.6% | 10.0% | 5.6% | 4.0% | 2.3% | 2.9% |
| Debtor days | — | — | — | — | 18 | 19 | 22 | 23 |
| Inventory days | — | — | — | — | 188 | 220 | 212 | 176 |
| Days payable | — | — | — | — | 260 | 295 | 209 | 221 |
| Cash conversion cycle | — | — | — | — | -54 | -55 | 25 | -23 |
| Debt / equity | — | — | — | — | 1.29 | 1.52 | 1.88 | 2.17 |
| Current ratio | — | — | — | — | 0.97 | 0.93 | 0.87 | 0.95 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 5.87 | 6.78 | 9.63 | 9.00 |
Compare with peers
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