GRASIM

Grasim Industries Limited

Aditya Birla's diversified flagship — viscose fibre, chemicals, and stakes in group companies

Commodities›Construction Materials›Cement & Cement Products›Cement & Cement Products

grasim.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2920.00
Market cap
1,98,042 Cr
Stock P/E
34.8
P/B
1.91
Dividend yield
0.8%
ROE (FY26)
2.9%
ROCE (FY26)
4.6%
Operating margin (FY26)
9.7%
Debt / equity (FY26)
2.17
OCF / EBITDA (FY26)
-72.1%
OCF / EBITDA (3Y)
-72.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Grasim (Grasim Industries) is the Aditya Birla Group's diversified manufacturer of cellulosic fibres, chemicals and decorative paints (the Birla Opus brand), and it also runs a business-to-business e-commerce platform.

Company snapshot

2ndBy market cap

Ranked among 32 companies in Cement & Cement Products.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 49.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Building Material
49.7%
16,683 Cr1,886 Cr1,21,079 Cr
Cellulosic Fibres
12.3%
4,125 Cr494 Cr13,667 Cr
Chemicals
6.1%
2,054 Cr273 Cr8,772 Cr
Financial Services
30.5%
10,252 Cr1,280 Cr2,61,204 Cr
Others
2.3%
778 Cr111 Cr24,068 Cr

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales30,221 Cr31,965 Cr37,727 Cr33,861 Cr33,563 Cr34,793 Cr44,267 Cr40,118 Cr39,900 Cr44,312 Cr51,101 Cr48,716 Cr
Operating expenses (approx.)25,996 Cr27,072 Cr31,958 Cr29,401 Cr29,916 Cr30,494 Cr38,103 Cr34,030 Cr35,028 Cr38,363 Cr43,318 Cr40,944 Cr
EBITDA4,225 Cr4,893 Cr5,769 Cr4,460 Cr3,646 Cr4,299 Cr6,164 Cr6,088 Cr4,872 Cr5,949 Cr7,783 Cr7,772 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 income285 Cr256 Cr427 Cr300 Cr395 Cr369 Cr383 Cr342 Cr345 Cr265 Cr228 Cr305 Cr
Interest398 Cr433 Cr463 Cr481 Cr581 Cr699 Cr821 Cr816 Cr869 Cr933 Cr922 Cr919 Cr
Depreciation1,245 Cr1,244 Cr1,329 Cr1,368 Cr1,496 Cr1,532 Cr1,831 Cr1,810 Cr1,899 Cr1,975 Cr2,042 Cr1,988 Cr
Profit before tax2,862 Cr3,472 Cr3,928 Cr2,976 Cr1,968 Cr2,448 Cr3,996 Cr3,834 Cr2,510 Cr3,051 Cr5,078 Cr5,183 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 profit2,024 Cr2,603 Cr2,722 Cr2,268 Cr1,100 Cr1,844 Cr2,973 Cr2,767 Cr1,498 Cr2,233 Cr3,802 Cr3,846 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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales40,247 Cr57,338 Cr72,971 Cr77,625 Cr76,398 Cr95,701 Cr1,17,627 Cr1,30,978 Cr1,48,478 Cr1,75,431 CrSign in free for the trailing twelve months
Operating expenses (approx.)32,862 Cr47,450 Cr60,952 Cr64,746 Cr61,684 Cr78,750 Cr1,00,761 Cr1,11,406 Cr1,29,914 Cr1,50,739 CrSign in free for the trailing twelve months
EBITDA7,385 Cr9,888 Cr12,018 Cr12,879 Cr14,714 Cr16,951 Cr16,866 Cr19,572 Cr18,564 Cr24,692 CrSign in free for the trailing twelve months
OPM %18.3%17.2%16.5%16.6%19.3%17.7%14.3%14.9%12.5%14.1%Sign in free for the trailing twelve months
Other income948 Cr990 Cr801 Cr967 Cr1,052 Cr821 Cr3,612 Cr1,264 Cr1,459 Cr1,180 CrSign in free for the trailing twelve months
Interest702 Cr1,359 Cr1,781 Cr2,339 Cr1,809 Cr1,296 Cr1,320 Cr1,655 Cr2,802 Cr3,540 CrSign in free for the trailing twelve months
Depreciation1,808 Cr2,724 Cr3,260 Cr4,041 Cr4,033 Cr4,161 Cr4,552 Cr5,001 Cr6,454 Cr7,726 CrSign in free for the trailing twelve months
Profit before tax5,952 Cr5,635 Cr5,288 Cr6,683 Cr10,075 Cr13,583 Cr14,727 Cr13,700 Cr10,825 Cr14,473 CrSign in free for the trailing twelve months
Tax %28.7%34.6%47.5%0.1%30.7%17.5%24.8%27.5%28.3%28.8%Sign in free for the trailing twelve months
Net profit4,246 Cr3,688 Cr2,776 Cr6,677 Cr6,987 Cr11,206 Cr11,078 Cr9,926 Cr7,756 Cr10,300 CrSign in free for the trailing twelve months
EPS (₹)₹67.85₹44.22₹26.96₹67.42₹65.58₹114.98₹103.98₹85.29₹55.57₹73.21Sign in free for the trailing twelve months
Dividend payout %————6.2%9.5%10.4%11.3%20.4%16.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital——132 Cr132 Cr132 Cr132 Cr132 Cr133 Cr136 Cr136 Cr
Reserves——55,642 Cr56,521 Cr65,362 Cr75,567 Cr78,610 Cr88,520 Cr97,373 Cr1,03,334 Cr
Borrowings——73,021 Cr70,734 Cr62,525 Cr73,003 Cr1,01,348 Cr1,35,102 Cr1,83,649 Cr2,24,948 Cr
Other liabilities——73,021 Cr82,694 Cr1,01,969 Cr1,00,217 Cr1,12,944 Cr1,38,498 Cr1,59,074 Cr1,74,741 Cr
Total liabilities——2,29,203 Cr2,44,416 Cr2,67,056 Cr2,89,395 Cr3,37,205 Cr4,12,539 Cr5,00,536 Cr5,69,555 Cr
Fixed assets (net)——49,654 Cr55,758 Cr53,767 Cr58,149 Cr63,754 Cr69,505 Cr1,03,939 Cr1,12,103 Cr
CWIP——2,698 Cr3,822 Cr5,719 Cr6,572 Cr7,730 Cr18,229 Cr14,610 Cr15,877 Cr
Investments——37,597 Cr43,524 Cr60,063 Cr66,621 Cr74,864 Cr93,314 Cr1,02,747 Cr1,14,577 Cr
Loans & advances——17,178 Cr14,175 Cr14,682 Cr14,247 Cr22,342 Cr31,172 Cr31,573 Cr43,943 Cr
Inventories——6,545 Cr6,806 Cr6,197 Cr9,536 Cr11,159 Cr13,545 Cr15,614 Cr15,429 Cr
Trade receivables——6,427 Cr5,652 Cr4,342 Cr5,429 Cr5,915 Cr6,979 Cr9,159 Cr10,970 Cr
Cash & bank——1,224 Cr3,073 Cr2,617 Cr2,241 Cr2,313 Cr2,388 Cr4,883 Cr2,798 Cr
Other assets——1,07,880 Cr1,11,606 Cr1,19,669 Cr1,26,600 Cr1,49,129 Cr1,77,408 Cr2,18,011 Cr2,53,859 Cr
Total assets——2,29,203 Cr2,44,416 Cr2,67,056 Cr2,89,395 Cr3,37,205 Cr4,12,539 Cr5,00,536 Cr5,69,555 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity7,288 Cr-3,393 Cr—16,666 Cr14,701 Cr7,038 Cr-12,685 Cr-10,719 Cr-17,170 Cr-17,810 Cr
Cash from investing-3,488 Cr-242 Cr—-11,635 Cr-7,134 Cr-1,052 Cr-13,687 Cr-23,113 Cr-23,982 Cr-17,803 Cr
Cash from financing-3,799 Cr3,454 Cr—-3,185 Cr-8,014 Cr-6,733 Cr26,469 Cr33,908 Cr43,643 Cr33,523 Cr
Net cash flow2 Cr-181 Cr—1,845 Cr-446 Cr-748 Cr72 Cr75 Cr2,495 Cr-2,085 Cr
Free cash flow (OCF − Capex)5,448 Cr-6,682 Cr—11,536 Cr11,050 Cr-1,550 Cr-24,721 Cr-30,204 Cr-34,351 Cr-33,436 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.1%5.6%4.5%5.6%7.2%7.9%7.2%5.6%4.0%4.6%
ROE %9.6%3.9%2.1%4.9%4.2%6.5%5.6%4.0%2.3%2.9%
Debtor days38593227212118192223
Inventory days135133159170205206188220212176
Days payable87109140167269323260295209221
Cash conversion cycle87835129-43-97-54-5525-23
OCF / EBITDA %98.7%-34.3%—129.4%99.9%41.5%-75.2%-54.8%-92.5%-72.1%
OCF / EBITDA % (3 years)—————86.2%18.7%-30.7%-73.8%-72.7%
Debt / equity0.030.011.311.250.950.961.291.521.882.17
Current ratio1.951.321.041.131.120.980.970.930.870.95
Net debt / EBITDA0.000.005.975.254.074.175.876.789.639.00
Grasim Industries Limited (GRASIM) Financials | BullKarma