Grasim Industries
- Market cap
- ₹ 1,97,220 Cr.
- P/E
- 34.4x
- P/B
- 1.9x
- 52-week range
- 2,502.5 – 3,411.1
- ROE
- 5%
- ROCE
- 8%
- Dividend yield
- 0.4%
- Debt / equity
- 2.2
- Sector
- Cement & Cement Products
- Industry
- Cement & Cement Products
- Listed on
- NSE, BSE
About
Grasim Industries Limited is an India-based producer of cellulosic fibers, diversified chemicals, fashion yarn and fabrics producer. Its segments include Cellulosic Fibres, Chemicals, Building Material, Financial Service and Others. Its Cellulosic Fibres segment includes cellulosic staple fiber (CSF) and cellulosic fashion yarn (CFY). The Chemical segment includes chlor alkali, specialty chemicals and chlorine derivatives. The Building Material segment includes cement, paints and business to business (B2B) e-commerce businesses. The Others segment includes textiles, insulators and renewable power business. Its chlor-alkali business is engaged in the production of caustic soda, wide array of chlorine derivatives and specialty chemicals like epoxy polymers and curing agents. Its cement products include grey cement, white cement, ready mix concrete and wall putty products. Birla Pivot, the Company's the B2B e-commerce business unit, offers integrated procurement solutions.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Cement & Cement Products: 42 companies →Grasim Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)34.4 against a typical 30: pricier than most peers (1st = cheapest).23rd of 40
- Sales growth+21.4% against a typical +9.4% from a year earlier.11th of 37
- Profit growth+38.8% against a typical −31.3% from a year earlier.4th of 28
- Share price, 3 months−6.8% against a typical −13.2%.11th of 39
- Size₹ 1,97,219.8 Cr. market value against a typical ₹ 686.3 Cr. (1st = largest).1st of 32
Latest announcements
Exchange filings and their impact on the company.
- Grasim starts 50,000 TPA epichlorohydrin plant at Vilayat to expand chlor-alkali derivatives.
Grasim Industries commenced commercial production at its 50,000 tonnes per annum Epichlorohydrin plant at Vilayat, Gujarat on 21 October 2026. The company said the plant strengthens its downstream chlor-alkali derivatives portfolio. At full utilisation the plant could add around Rs 550 crore annual sales, which is small versus Grasim's consolidated sales of over Rs 1.75 lakh crore, so near-term earnings impact is modest.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 3 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AAA | Stable | 22 Jul 2026 |
| CARE | Withdrawn | Stable | 6 Jul 2026 |
| India Ratings | IND AAA | Stable | 26 Jun 2026 |
| ICRA | [ICRA]AAA | Stable | 1 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 22 Jul 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 15,244.8 Cr. | |
| 6 Jul 2026 | Withdrawn | was CARE AAA | — | CARE | ₹ 17,275 Cr. | |
| 26 Jun 2026 | Reaffirmed | IND AAA | — | India Ratings | — | |
| 1 Jun 2026 | Reaffirmed | [ICRA]AAA | — | ICRA | ₹ 17,750 Cr. | |
| 29 May 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 15,244.8 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Grasim IndustriesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 12 Aug 2026 | Financial Results | Board Meeting Intimation for considering and approving the Unaudited Financial Results of the Company for the quarter ended 30th June 2026 |
| 20 May 2026 | Financial Results/Dividend | Grasim Industries Limited has informed the Exchange that the meeting of the Board of Directors of the Company will held on Wednesday, 20th May 2026, inter alia, to consider and approve Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended 31st March 2026 and recommend dividend, if any, on the equity shares of the Company for the year ended 31st March 2026 |
| 10 Feb 2026 | Financial Results | To consider and approve the Unaudited Financial Results for the quarter and nine months ended 31st December 2025 |
| 5 Nov 2025 | Financial Results | Grasim Industries Limited has informed the Exchange about Board Meeting to be held on 5th November 2025 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarter and Half Year ended September 2025 |
| 8 Aug 2025 | Financial Results | Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of The Company For The Quarter Ended 30Th June 2025 |
| 22 May 2025 | Financial Results/Dividend | Grasim Industries Limited has informed the Exchange about Board Meeting to be held on 22nd May 2025 to inter-alia to consider and approve the Standalone and Consolidated Audited Financial Results for the Quarter/Financial Year ended 31St March 2025 and recommending Dividend, if any, on the Equity Shares of the Company for the Year Ended 31St March 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 30,221 | 31,965 | 37,727 | 34,610 | 34,223 | 35,378 | 44,267 | 40,118 | 39,900 | 44,312 | 51,101 | 48,716 |
| Expenses | 24,173 | 25,073 | 29,835 | 27,927 | 28,197 | 28,575 | 35,517 | 31,296 | 32,228 | 35,442 | 40,227 | 37,565 |
| Operating Profit | 6,048 | 6,893 | 7,892 | 6,682 | 6,026 | 6,804 | 8,750 | 8,822 | 7,671 | 8,870 | 10,874 | 11,152 |
| OPM % | 20% | 22% | 21% | 19% | 18% | 19% | 20% | 22% | 19% | 20% | 21% | 23% |
| Other Income | 285 | 256 | −48 | 247 | 403 | 382 | 485 | 376 | 406 | 65 | 143 | 318 |
| Interest | 2,226 | 2,433 | 2,586 | 2,795 | 3,027 | 3,270 | 3,407 | 3,551 | 3,669 | 3,909 | 4,015 | 4,298 |
| Depreciation | 1,245 | 1,244 | 1,329 | 1,443 | 1,572 | 1,608 | 1,831 | 1,810 | 1,899 | 1,975 | 2,042 | 1,988 |
| Profit before tax | 2,862 | 3,472 | 3,928 | 2,691 | 1,830 | 2,308 | 3,996 | 3,837 | 2,510 | 3,051 | 4,960 | 5,183 |
| Tax % | 29% | 25% | 31% | 23% | 46% | 25% | 26% | 28% | 40% | 27% | 26% | 26% |
| Net Profit | 2,024 | 2,603 | 2,722 | 2,066 | 983 | 1,734 | 2,973 | 2,771 | 1,498 | 2,233 | 3,684 | 3,846 |
| EPS in Rs | 17.1 | 22.25 | 20.8 | 16.33 | 4.78 | 12.45 | 21.98 | 20.87 | 8.13 | 15.23 | 27.86 | 31.53 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 18%
- 5 Years
- 18%
- 3 Years
- 14%
- TTM
- 20%
- 10 Years
- 8%
- 5 Years
- 2%
- 3 Years
- −10%
- TTM
- 40%
- 10 Years
- 16%
- 5 Years
- 17%
- 3 Years
- 22%
- TTM
- —
- 10 Years
- 7%
- 5 Years
- 7%
- 3 Years
- 5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Grasim Industries | ₹ 2,900.00 | ₹ 1,97,220 Cr. | 34.4x | 1.9x | 5% | — |
| UltraTech Cement | ₹ 11,066.00 | ₹ 3,26,092 Cr. | 41.7x | 4.5x | 11.1% | 9.3% |
| Ambuja Cements | ₹ 358.00 | ₹ 88,956 Cr. | 21.9x | 1.8x | 8.3% | 13.8% |
| Shree Cement | ₹ 22,760.00 | ₹ 82,120 Cr. | 55.2x | 4.1x | 7.8% | 8.4% |
| Dalmia Bharat | ₹ 1,591.65 | ₹ 29,801 Cr. | 29.5x | 1.9x | 6.5% | 7.8% |
| ACC | ₹ 1,163.00 | ₹ 21,851 Cr. | 12.3x | 1.3x | 10.9% | 8.3% |
Management
- Hemant Kumar Kadel
- Chief Financial Officer
- Rajesh Balakrishnan
- Chief Executive Officer - Speciality Chemicals Business
- Rahul Desai
- Joint President - Corporate Finance Division
- Satyaki Ghosh
- Chief Executive Officer - Cellulosic Fashion Yarn Business
- Rakshit Hargave
- Chief Executive Officer - Paints Business
- Sandeep Komaravelly
- Chief Executive Officer - Birla Pivot (B2B E-Commerce)
- Vishakha Mulye
- Managing Director and Chief Executive Officer - Aditya Birla Capital Limited
- Ajit Rajagopalan
- Chief Executive Officer- Insulators Business
Prices are delayed and for information only. Nothing on this page is investment advice.