Grasim Industries Ltd
GRASIMGrasim Industries Ltd
GRASIMPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
39.74 | 1.28 | 0.37% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.17 | 3.55 | 1.31% |
Forecast & Ratings
Detailed Forecast from 9 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Grasim Industries Limited is a holding company. The Company's segments include Viscose Staple Fibre and Wood Pulp, Cement, Chemicals, and textiles.
Investor Presentation
View olderPeers
Compare with peersUltraTech Cement Ltd
Ambuja Cements Ltd
Shree Cement Ltd
ACC Ltd
Dalmia Bharat Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 35,342.09 | 37,145.57 | 57,024.02 | 78,057.00 | 76,734.46 | 77,876.45 | 97,418.54 | 1,21,448.09 | 1,32,331.26 | 1,38,739.71 | ||||||||||
Raw Materials | 9,034.05 | 9,313.26 | 12,695.60 | 16,768.13 | 14,444.37 | 11,905.19 | 18,294.16 | 23,446.61 | 25,586.85 | 1,10,262.52 | ||||||||||
Power & Fuel Cost | 6,013.70 | 5,795.41 | 8,631.29 | 12,423.45 | 11,080.71 | 10,363.78 | 15,520.70 | 23,168.73 | 22,202.38 | |||||||||||
Employee Cost | 2,127.82 | 2,265.59 | 3,992.47 | 5,428.21 | 5,760.39 | 5,534.74 | 6,327.71 | 7,193.86 | 7,963.18 | |||||||||||
Selling & Administrative Expenses | 7,547.58 | 7,504.55 | 9,517.31 | 13,525.14 | 13,295.49 | 13,489.93 | 16,478.43 | 19,560.94 | 21,435.24 | |||||||||||
Operating & Other expenses | 3,387.72 | 3,804.46 | 10,165.08 | 15,117.20 | 14,704.70 | 16,817.04 | 18,717.87 | 22,755.92 | 27,165.05 | |||||||||||
EBITDA | 7,231.22 | 8,462.30 | 12,022.27 | 14,794.87 | 17,448.80 | 19,765.77 | 22,079.67 | 25,322.03 | 27,978.56 | 28,477.19 | ||||||||||
Depreciation/Amortization | 1,833.79 | 1,807.59 | 2,724.36 | 3,571.38 | 4,004.23 | 4,033.40 | 4,161.07 | 4,551.59 | 5,001.32 | 5,437.18 | ||||||||||
PBIT | 5,397.43 | 6,654.71 | 9,297.91 | 11,223.49 | 13,444.57 | 15,732.37 | 17,918.60 | 20,770.44 | 22,977.24 | 23,040.01 | ||||||||||
Interest & Other Items | 718.09 | 702.40 | 3,663.17 | 6,060.03 | 6,890.31 | 5,723.48 | 4,776.00 | 6,043.73 | 9,277.43 | 10,696.00 | ||||||||||
PBT | 4,679.34 | 5,952.31 | 5,634.74 | 5,163.46 | 6,554.26 | 10,008.89 | 13,142.60 | 14,726.71 | 13,699.81 | 12,344.01 | ||||||||||
Taxes & Other Items | 2,211.20 | 2,785.01 | 2,956.16 | 3,470.47 | 2,142.52 | 5,704.07 | 5,592.82 | 7,899.45 | 8,075.32 | 7,861.92 | ||||||||||
Net Income | 2,468.14 | 3,167.30 | 2,678.58 | 1,692.99 | 4,411.74 | 4,304.82 | 7,549.78 | 6,827.26 | 5,624.49 | 4,482.09 | ||||||||||
EPS | 43.44 | 55.30 | 43.45 | 25.65 | 66.81 | 65.17 | 114.25 | 103.29 | 85.25 | 68.07 | ||||||||||
DPS | 3.67 | 4.48 | 6.18 | 6.97 | 3.98 | 8.96 | 9.96 | 9.96 | 10.00 | 10.00 | ||||||||||
Payout ratio | 0.08 | 0.08 | 0.14 | 0.27 | 0.06 | 0.14 | 0.09 | 0.10 | 0.12 | 0.15 |
Company Updates
Annual report
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PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
MaterialsCement
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Grasim Industries Ltd | 31.67 | 1.28 | 0.37% |
UltraTech Cement Ltd | 48.33 | 5.62 | 0.60% |
Ambuja Cements Ltd | 39.49 | 2.78 | 0.31% |
Shree Cement Ltd | 40.84 | 4.72 | 0.39% |
Price Comparison
Compare GRASIM with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Feb 2024
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Grasim Industries Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3472% | Percentage of the fund’s portfolio invested in the stock 5.73% | Change in the portfolio weight of the stock over the last 3 months 0.31% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/42 (+1) |
Kotak Equity Arbitrage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3053% | Percentage of the fund’s portfolio invested in the stock 0.99% | Change in the portfolio weight of the stock over the last 3 months 0.24% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 16/228 (+12) |
SBI Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2941% | Percentage of the fund’s portfolio invested in the stock 1.79% | Change in the portfolio weight of the stock over the last 3 months -0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 49/85 (-2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
GRASIM has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.37%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.70 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 6, 2024
Dividend/Share
₹10.00
Ex DateEx Date
Aug 6, 2024
Cash Dividend
Ex DateEx DateAug 11, 2023
Dividend/Share
₹10.00
Ex DateEx Date
Aug 11, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹5.00
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹5.00
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateAug 12, 2021
Dividend/Share
₹4.00
Ex DateEx Date
Aug 12, 2021
Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan India locations. The company's consolidated net profit to Rs 389.90 crore in Q2 FY25 as compared with Rs 1,163.75 crore posted in Q2 FY24. Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25, driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses. The counter declined 0.58% to Rs 2,655 on the BSE. Powered by Capital Market - Live
Grasim Industries has repaid commercial paper aggregating Rs 500 crore on 10 December 2024. Powered by Capital Market - Live
Grasim Industries has repaid commercial paper aggregating to Rs 400 crore on 03 December 2024. Powered by Capital Market - Live
Birla Opus Paints, a division of Grasim Industries, unveiled its fourth plant at Chamarajnagar, Mysore. The Chamarajnagar plant, with a capacity of 230 MLPA, will produce Water based paints, Enamel paints and Wood Finish Paints. The Water based paints will use inhouse manufactured advanced Emulsions as key raw material through unique polymer synthesis process helping company offer innovative paint features like multi stain resistance, outstanding dirt resistance, crack bridge-ability and high scrub resistance leaving no furniture marks when consumer paints with Birla Opus luxury products. The Solvent based paints will use inhouse resins with exquisite designer molecules for high corrosion resistance, better durability, faster drying and superior gloss. The plant is fully sustainable with zero liquid discharge and equipped with 4th generation manufacturing technology to manage supply chain at lightning speed, with zero defects and end to end product traceability - a first of its kind feature. Birla Opus Paints had previously outlined plans to establish six strategically located manufacturing plants with a total capacity of 1,332 MLPA, at an upfront investment of Rs.10,000 crore. The paints business has already incurred a total capex of Rs. 8,470 crore (85% of the total project costs). Currently, four plants are operational, contributing 866 MLPA. Of the remaining two, the Mahad plant near Pune has entered trial production, while the Kharagpur plant near Kolkata is progressing as planned. Powered by Capital Market - Live
Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25, driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses. Profit before exceptional items and tax stood at Rs 2,051.08 crore in September 2024 quarter, up 28.33% YoY. Exceptional loss stood at Rs 83.45 crore during the quarter. Consolidated EBITDA was lower by 10% YoY at Rs 4,042 crore in the quarter ended 30 September 2024, as a result of lower profitability in the cement business and initial investments in the paints business under brand 'Birla Opus'. Revenue from Cellulosic Staple Fibre (CSF) business for the quarter was at Rs 4,125 crore, up 6.07% YoY. Sales volume stood at 219 KT, up 4.29% YoY. Cellulosic Fashion Yarn (CFY) volume improved marginally by 1% YoY to 11.1 KT, however realisation remained impacted due to low priced imports from China. Revenue from Chemicals business rose 3.32% YoY to Rs 2,054 crore in Q2 FY25. Caustic soda sales volume was down by 4% YoY, due to lower production on account of maintenance shutdown of the captive power plant at Vilayat. The building materials business reported revenue of Rs 16,683 crore, up 3% YoY, driven by paints and B2B E-Commerce businesses. EBITDA stood at Rs 1,886 crore, mainly due to lower realisations in cement business and initial investments in building a consumer facing brand 'Birla Opus' in the Indian decorative paints market. Consolidated sales volumes of cement business (UltraTech) grew by 4% YoY to 27.84 MT and ready-mix concrete sales volumes grew by 19% YoY to 3.01 million. The total capex for the business was at 8,470 crore till September 2024, around 85% of the planned capex outlay. The financial services business' (Aditya Birla Capital), revenue and EBITDA, as consolidated in accordance with Ind AS, stood at Rs 10,252 crore and Rs 1,280 crore, registering growth of 33% and 25%, respectively. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to Rs 1,37,946 crore. On the outlook front, the firm stated, 'Grasim Industries with its significant presence across businesses is well positioned to capitalise on the opportunities in diverse sectors of the fast-growing Indian economy. The Government's continued focus on infrastructure & housing, manufacturing, financialisation and thrust on increasing economic prosperity of the large section of people augurs well for the company.' Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan India locations. The counter rose 0.79% to Rs 2,528.55 on Thursday, 14 November 2024. The stock market is closed today on account of Guru Nanak Jayanti. Powered by Capital Market - Live
Net profit of Grasim Industries declined 66.50% to Rs 389.90 crore in the quarter ended September 2024 as against Rs 1163.75 crore during the previous quarter ended September 2023. Sales rose 11.06% to Rs 33562.85 crore in the quarter ended September 2024 as against Rs 30220.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales33562.8530220.68 11 OPM %17.9320.01 - PBDT3546.884106.87 -14 PBT2051.082861.72 -28 NP389.901163.75 -66 Powered by Capital Market - Live
Grasim Industries has allotted 30,440 equity shares under ESOS on 22 October 2024. Consequently, the paid up equity share capital has increased to 68,05,46,457 equity shares. Powered by Capital Market - Live
Grasim Industries has repaid commercial paper of Rs 500 crore on 11 October 2024. Powered by Capital Market - Live
Grasim Industries will hold a meeting of the Board of Directors of the Company on 14 November 2024.Powered by Capital Market - Live
Grasim Industries announced that its wholly owned subsidiary, Aditya Birla Renewables has allotted 2,50,000 Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures bearing a face value of Rs. 1 lakh each for an aggregate amount of Rs. 2,500 crore on private placement basis on 24 September 2024. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.13%, vs industry avg of 9.5%
Increasing Market Share
Over the last 5 years, market share increased from 33.09% to 33.58%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 27.14%, vs industry avg of 15.53%