Grasim Industries Ltd

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Grasim Industries Ltd

₹ 2,482 -0.79%
26 Dec - close price
grasim.com BSE: 500300 NSE: GRASIM
About

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]

Key Points

Strong Parentage[1]
Grasim is a part of Aditya Birla Group which is one of the largest business groups of India. Group's key companies include Grasim, Hindalco, Ultratech, Aditya Birla Capital, Century, Fashion and Retail, Vodafone etc.

Website BSE NSE
  • Market Cap ₹ 1,63,220 Cr.
  • Current Price ₹ 2,482
  • High / Low ₹ 2,878 / 2,015
  • Stock P/E 140
  • Book Value ₹ 835
  • Dividend Yield 0.40 %
  • ROCE 3.75 %
  • ROE 2.70 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 40.9%

Cons

  • Stock is trading at 2.97 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.1,002 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
5,785 6,376 7,253 6,745 6,196 6,646 6,238 6,442 6,400 6,768 6,894 7,623
4,863 5,624 5,933 5,789 5,719 6,220 5,564 5,848 5,878 6,241 6,569 7,298
Operating Profit 922 753 1,320 957 477 426 673 594 522 527 325 325
OPM % 16% 12% 18% 14% 8% 6% 11% 9% 8% 8% 5% 4%
74 273 44 667 103 116 116 760 120 -455 93 1,244
Interest 53 81 87 85 89 107 106 107 107 121 140 161
Depreciation 222 283 255 266 276 300 288 292 296 339 349 406
Profit before tax 721 662 1,022 1,273 215 135 396 955 239 -388 -70 1,002
Tax % 28% -61% 21% 24% -20% 31% 10% 17% 1% 14% -26% 28%
522 1,068 809 964 257 94 355 795 236 -441 -52 721
EPS in Rs 7.68 15.70 11.88 14.17 3.78 1.37 5.22 11.68 3.47 -6.70 -0.79 10.95
Raw PDF

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 27,685
4,167 4,706 5,635 7,473 8,189 12,696 16,479 13,946 10,822 17,641 23,649 23,531 25,986
Operating Profit 1,088 861 665 1,496 2,157 3,090 4,071 2,135 1,564 3,216 3,190 2,316 1,699
OPM % 21% 15% 11% 17% 21% 20% 20% 13% 13% 15% 12% 9% 6%
639 385 322 326 472 179 -1,800 270 527 1,182 920 541 1,002
Interest 39 42 39 147 58 128 199 238 236 247 368 440 529
Depreciation 159 220 263 445 446 628 760 814 828 914 1,097 1,215 1,390
Profit before tax 1,529 985 685 1,230 2,125 2,513 1,312 1,354 1,027 3,237 2,645 1,202 782
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 2,124 945 464
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 6.93
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: 8%
Compounded Profit Growth
10 Years: 5%
5 Years: 4%
3 Years: 17%
TTM: -23%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 16%
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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
42.54% 42.76% 42.76% 42.75% 42.75% 42.75% 42.75% 42.75% 42.75% 43.05% 43.05% 43.11%
12.81% 12.71% 11.49% 12.03% 12.58% 12.45% 12.29% 12.17% 12.52% 12.70% 13.69% 13.78%
14.71% 14.43% 15.35% 16.86% 16.48% 16.82% 16.82% 16.90% 16.70% 16.69% 16.66% 17.75%
29.68% 29.87% 30.18% 28.06% 27.88% 27.69% 27.82% 27.80% 27.69% 27.24% 26.29% 25.04%
0.25% 0.23% 0.22% 0.28% 0.31% 0.30% 0.30% 0.35% 0.33% 0.31% 0.30% 0.31%
No. of Shareholders 2,51,4222,62,6502,79,5202,57,3552,47,0652,47,2652,43,2652,39,7802,34,4462,52,3172,53,6712,65,202

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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