Grasim Industries Ltd
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]
- Market Cap ₹ 1,86,097 Cr.
- Current Price ₹ 2,735
- High / Low ₹ 2,878 / 2,172
- Stock P/E 245
- Book Value ₹ 835
- Dividend Yield 0.37 %
- ROCE 3.75 %
- ROE 2.70 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 40.9%
Cons
- Stock is trading at 3.27 times its book value
- Company has a low return on equity of 4.46% over last 3 years.
- Earnings include an other income of Rs.983 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Manmade
Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5,255 | 5,567 | 6,300 | 8,969 | 10,346 | 15,786 | 20,550 | 16,082 | 12,386 | 20,857 | 26,840 | 25,847 | 29,405 | |
4,167 | 4,706 | 5,635 | 7,473 | 8,189 | 12,696 | 16,479 | 13,946 | 10,822 | 17,641 | 23,649 | 23,531 | 27,957 | |
Operating Profit | 1,088 | 861 | 665 | 1,496 | 2,157 | 3,090 | 4,071 | 2,135 | 1,564 | 3,216 | 3,190 | 2,316 | 1,448 |
OPM % | 21% | 15% | 11% | 17% | 21% | 20% | 20% | 13% | 13% | 15% | 12% | 9% | 5% |
639 | 385 | 322 | 326 | 472 | 179 | -1,800 | 270 | 527 | 1,182 | 920 | 541 | 983 | |
Interest | 39 | 42 | 39 | 147 | 58 | 128 | 199 | 238 | 236 | 247 | 368 | 440 | 603 |
Depreciation | 159 | 220 | 263 | 445 | 446 | 628 | 760 | 814 | 828 | 914 | 1,097 | 1,215 | 1,514 |
Profit before tax | 1,529 | 985 | 685 | 1,230 | 2,125 | 2,513 | 1,312 | 1,354 | 1,027 | 3,237 | 2,645 | 1,202 | 312 |
Tax % | 20% | 9% | 23% | 21% | 27% | 30% | 61% | 5% | 12% | 6% | 20% | 21% | |
1,226 | 896 | 530 | 971 | 1,560 | 1,769 | 515 | 1,288 | 905 | 3,051 | 2,124 | 945 | 59 | |
EPS in Rs | 25.84 | 18.88 | 11.17 | 20.12 | 32.33 | 26.03 | 7.58 | 18.95 | 13.31 | 44.85 | 31.21 | 14.36 | 0.90 |
Dividend Payout % | 17% | 22% | 31% | 22% | 16% | 23% | 89% | 20% | 65% | 22% | 31% | 70% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 5% |
3 Years: | 28% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 17% |
TTM: | -49% |
Stock Price CAGR | |
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10 Years: | 17% |
5 Years: | 41% |
3 Years: | 17% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 92 | 92 | 92 | 93 | 93 | 131 | 132 | 132 | 132 | 132 | 132 | 133 | 134 |
Reserves | 10,030 | 10,736 | 11,091 | 13,778 | 16,138 | 44,658 | 41,828 | 37,560 | 42,816 | 48,484 | 46,823 | 51,982 | 54,869 |
1,284 | 1,302 | 1,115 | 1,839 | 701 | 2,969 | 3,311 | 5,158 | 4,223 | 4,384 | 5,352 | 9,729 | 10,622 | |
1,660 | 1,748 | 2,067 | 2,085 | 2,919 | 5,959 | 6,524 | 6,729 | 7,529 | 9,636 | 9,871 | 12,294 | 13,639 | |
Total Liabilities | 13,066 | 13,878 | 14,365 | 17,796 | 19,851 | 53,718 | 51,794 | 49,579 | 54,700 | 62,636 | 62,177 | 74,138 | 79,264 |
2,072 | 3,548 | 5,188 | 6,963 | 6,887 | 10,817 | 11,232 | 12,234 | 10,966 | 14,858 | 16,220 | 17,105 | 20,418 | |
CWIP | 2,425 | 1,807 | 450 | 318 | 375 | 745 | 1,567 | 2,793 | 4,033 | 1,743 | 2,926 | 7,131 | 5,100 |
Investments | 6,224 | 5,604 | 5,350 | 7,100 | 8,996 | 35,547 | 31,128 | 27,542 | 33,640 | 38,691 | 33,897 | 39,212 | 41,538 |
2,345 | 2,919 | 3,377 | 3,416 | 3,592 | 6,609 | 7,867 | 7,009 | 6,060 | 7,345 | 9,135 | 10,689 | 12,209 | |
Total Assets | 13,066 | 13,878 | 14,365 | 17,796 | 19,851 | 53,718 | 51,794 | 49,579 | 54,700 | 62,636 | 62,177 | 74,138 | 79,264 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
854 | 62 | 448 | 1,341 | 2,259 | 2,353 | 2,556 | 3,315 | 2,402 | 2,656 | 2,319 | 1,778 | |
-1,157 | 221 | 27 | -697 | -844 | -1,910 | -2,263 | -4,277 | -875 | -1,896 | -2,190 | -5,586 | |
309 | -274 | -448 | -663 | -1,404 | -451 | -299 | 993 | -1,509 | -777 | -165 | 3,840 | |
Net Cash Flow | 5 | 10 | 27 | -19 | 12 | -9 | -7 | 31 | 18 | -17 | -36 | 32 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 35 | 40 | 40 | 40 | 42 | 60 | 62 | 66 | 39 | 30 | 22 | 28 |
Inventory Days | 113 | 149 | 146 | 132 | 131 | 129 | 110 | 131 | 143 | 153 | 127 | 141 |
Days Payable | 49 | 55 | 49 | 49 | 84 | 113 | 89 | 132 | 174 | 180 | 133 | 148 |
Cash Conversion Cycle | 98 | 134 | 137 | 124 | 89 | 77 | 83 | 65 | 8 | 2 | 16 | 21 |
Working Capital Days | 35 | 66 | 72 | 56 | 29 | 39 | 43 | 25 | -33 | -20 | -14 | -7 |
ROCE % | 11% | 8% | 5% | 10% | 13% | 9% | 8% | 4% | 2% | 6% | 6% | 4% |
Documents
Announcements
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Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Appointment Of Senior Management Personnel
1d - Appointment of Mr. Bharath Kumar as Head - Centre of Excellence, Manufacturing (Fibre) from June 2025 to June 2027.
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Submission Of Disclosure Pursuant To Chapter XIV - Centralized Database For Corporate Bonds/ Debentures, Annexure XIV - B Of SEBI Master Circular Dated May 22, 2024 As Amended
17 Apr - Annual disclosure of NCD details, ratings, payments, and compliance for FY25.
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Intimation of Repayment of Commercial Paper (CP)
15 Apr - Repayment of ₹250 crore commercial paper at maturity
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March 2025
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Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)
7 Apr - Specifications for private placement of debt securities.
Annual reports
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Financial Year 2024
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Business Segments
Grasim, the flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India, with a presence across various businesses: [1]