MarketFriction

Grasim Industries Ltd

NSE GRASIM · BSE 500300 · Cement & Cement Products
₹2,962.00 -3.26%
NSE close2026-10-01
52 week range2,502.50 - 3,411.10
Market cap₹2,10,966 Cr.
P/E36.8
Nifty 50Nifty 100Nifty 200Nifty 500Nifty InfrastructureNifty Commodities No price band Delivery 53.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales30,22131,96537,72734,61034,22335,37844,26740,11839,90044,31251,10148,716
Expenses24,17325,07329,83527,92728,19728,57535,51731,29632,22835,44240,22737,565
Operating Profit6,0486,8937,8926,6826,0266,8048,7508,8227,6718,87010,87411,152
OPM %20%22%21%19%18%19%20%22%19%20%21%23%
Other Income285256-4824740338248537640665143318
Interest2,2262,4332,5862,7953,0273,2703,4073,5513,6693,9094,0154,298
Depreciation1,2451,2441,3291,4431,5721,6081,8311,8101,8991,9752,0421,988
Profit before tax2,8623,4723,9282,6911,8302,3083,9963,8372,5103,0514,9605,183
Tax %29%25%31%23%46%25%26%28%40%27%26%26%
Net Profit2,0242,6032,7222,0669831,7342,9732,7711,4982,2333,6843,846
EPS in Rs17.1022.2520.8016.334.7812.4521.9820.878.1315.2327.8631.53
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales34,48736,06855,89477,20068,25276,40495,701117,627130,978148,478175,431184,029
Expenses28,57628,68244,28160,56057,88057,76975,27096,038103,783120,216139,135145,462
Operating Profit5,9117,38711,61216,64010,37318,63520,43121,58927,19528,26236,29638,567
OPM %17%20%21%22%15%24%21%18%21%19%21%21%
Other Income1,3201,076410-1,8467,0761,1301,6483,7337831,5171,047932
Interest7187023,6636,0606,8905,7234,7766,0449,27712,50015,14415,891
Depreciation1,8341,8082,7243,5714,0044,0334,1614,5525,0016,4547,7267,904
Profit before tax4,6795,9525,6355,1636,55410,00913,14314,72713,70010,82514,47315,704
Tax %26%29%35%47%-1%30%15%25%28%28%29%
Net Profit3,4554,2463,6882,7456,6396,98711,20611,0789,9267,75610,30011,261
EPS in Rs51.1565.6439.4324.9164.9063.30110.96100.3385.4254.4672.9882.75
Dividend Payout %9%8%15%27%6%14%9%10%12%18%14%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth18%18%14%20%
Compounded Profit Growth8%2%-10%40%
Stock Price CAGR15%13%17%12%
Return on Equity7%7%5%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital929393131132132132132132133136136
Reserves23,04827,33631,29457,23057,88856,50165,36275,56778,61088,52097,373103,334
Borrowings11,93012,5059,21367,07084,48784,77779,07874,744103,039137,155186,326227,853
Other Liabilities18,96319,64222,14783,46798,620102,772122,777138,706155,042186,309216,206237,811
Total Liabilities54,03359,57662,747207,899241,127244,181267,349289,149336,823412,116500,040569,134
Fixed Assets31,82834,27134,78669,25787,12987,73685,02388,99694,896100,494141,148149,452
CWIP2,7551,7881,2972,2902,7663,9045,7696,6157,77818,35814,76516,465
Investments7,25510,60114,20065,99562,74766,33788,01796,766105,355129,306140,496154,982
Other Assets12,19412,91612,46470,35688,48486,20488,54096,771128,793163,959203,632248,236
Total Assets54,03359,57662,747207,899241,127244,181267,349289,149336,823412,116500,040569,134
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4,5945,8687,288-4,140-1,65916,62015,0757,038-12,685-10,719-17,170-17,810
Cash from Investing Activity-2,359-4,515-3,5091,546-2,212-11,364-7,146-1,053-13,712-23,114-23,313-17,798
Cash from Financing Activity-2,278-1,365-3,7993,4494,158-3,418-8,003-6,73326,46933,90842,97833,523
Net Cash Flow-42-11-208562871,838-75-74872752,495-2,085
Free Cash Flow1,3153,1205,495-7,186-5,66711,63811,525-1,467-24,610-30,042-33,688-33,130
CFO/OP95%119%112%-21%1%177%91%49%-49%-30%-52%-42%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days303230343231212118192323
Inventory Days207168163170154179179200180194179130
Days Payable10297117146133172229239216221177152
Cash Conversion Cycle13610376585338-29-18-17-7251
Working Capital Days-44-56-19-95-47-84-103-88-75-91-105-81
ROCE %9%11%13%10%8%8%9%9%10%9%8%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.75%42.75%43.05%43.05%43.11%43.11%43.11%43.11%43.11%43.21%43.73%43.73%
FIIs12.17%12.52%12.70%13.69%13.78%13.50%13.45%13.79%14.37%14.49%14.91%14.63%
DIIs16.90%16.70%16.69%16.66%17.75%17.90%18.24%17.91%17.27%16.99%16.28%16.13%
Public27.80%27.69%27.24%26.29%25.04%25.17%24.87%24.87%24.92%24.93%24.75%25.15%
Others0.35%0.33%0.31%0.30%0.31%0.31%0.30%0.30%0.31%0.36%0.34%0.34%
No. of Shareholders2,39,7802,34,4462,52,3172,53,6712,65,2022,58,9552,55,1692,47,6282,44,7182,38,2082,44,8702,41,017

Fundamentals

Market Cap₹ 2,10,966 Cr.
Current Price₹ 3,100
Stock P/E36.8
Book Value₹ 1,520
ROCE8.01 %
ROE4.98 %
Dividend Yield0.32 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)40%
Consolidated figures.
Valuation
Market capRs 201,588 Cr
Enterprise valueRs 423,253 Cr
P/E (TTM)35.79x
Price to book1.95x
Price to sales1.10x
EV / EBITDA10.72x
EV / EBIT13.40x
EV / sales2.30x
Earnings yield2.79%
Dividend yield0.34%
P/E, 3-year average36.89x
P/B, 3-year average1.75x
P/E, 5-year average28.16x
P/B, 5-year average1.61x
Profitability
Operating margin (excl. other income)20.69%
Operating margin (incl. other income)21.29%
EBITDA margin21.46%
Pre-tax margin8.53%
Net profit margin3.06%
Net margin, latest quarter4.40%
ROE4.94%
ROCE9.63%
ROA0.93%
ROE, 3-year average5.21%
ROCE, 3-year average10.02%
ROA, 3-year average1.08%
ROE, 5-year average7.04%
ROCE, 5-year average10.94%
ROA, 5-year average1.63%
ROIC (approx.)6.92%
Tax rate28.83%
Other income / net worth1.01%
Growth
Sales growth (latest year)18.15%
Profit growth (latest year)34.02%
Sales CAGR, 3 years14.25%
Sales CAGR, 5 years18.09%
Profit CAGR, 3 years-10.06%
Profit CAGR, 5 years2.90%
Sales growth QoQ-4.67%
Profit growth QoQ13.18%
Sales growth YoY (latest quarter)21.43%
Profit growth YoY (latest quarter)51.06%
Per share
EPS (TTM)Rs 82.75
EPS (latest year)Rs 72.97
EPS (latest quarter)Rs 31.53
EPS, 3-year averageRs 70.02
EPS, 5-year averageRs 85.69
Book value per shareRs 1,520.32
Sales per shareRs 2,704.00
Cash flow per shareRs -261.68
Free cash flow per shareRs -486.79
Dividend per share (latest year)Rs 10.00
Dividend per share, 3-year averageRs 9.92
Dividend per share, 5-year averageRs 9.95
Dividends
Dividend payout13.70%
Dividend payout, 3-year average14.62%
Dividend payout, 5-year average12.45%
Efficiency
Asset turnover0.31x
Fixed asset turnover1.17x
Inventory turnover7.38x
Inventory days49 days
Debtor days23 days
Debtors turnover15.99x
Creditor days152 days
Cash conversion cycle1 days
Working capital days-81 days
Leverage
Total debtRs 227,853 Cr
Cash and bankRs 6,188 Cr
Net debtRs 221,665 Cr
Debt to equity2.20x
Net debt / EBITDA5.61x
Interest coverage1.99x
Current ratio (filing 2026-03-31)0.95x
Quick ratio (filing 2026-03-31)0.82x
Trade payables (filing 2026-03-31)Rs 19,435 Cr
Owners' fund to total sources18.18%
Debt to assets40.03%
Cash flow
Cash from Operating Activity (latest year)Rs -17,810 Cr
Cash from Investing Activity (latest year)Rs -17,798 Cr
Cash from Financing Activity (latest year)Rs 33,523 Cr
Net Cash Flow (latest year)Rs -2,085 Cr
Free cash flow (latest year)Rs -33,130 Cr
FCFE (approx.: FCF + change in debt)Rs 8,398 Cr
Cash from ops / profit, 5 years-1.02x
Statement figures
Net sales (TTM)Rs 184,029 Cr
Net sales (latest year)Rs 175,431 Cr
Sales (latest quarter)Rs 48,716 Cr
Operating profit excl. other income (latest year)Rs 36,296 Cr
Operating profit (latest quarter)Rs 11,152 Cr
Other income (TTM)Rs 932 Cr
EBITDA (TTM)Rs 39,499 Cr
PBDT (TTM)Rs 23,608 Cr
Profit before tax (TTM)Rs 15,704 Cr
Tax (latest year)Rs 4,172 Cr
Net profit (TTM)Rs 5,632 Cr
Net profit (latest year)Rs 4,966 Cr
Net profit (latest quarter)Rs 2,146 Cr
Depreciation (TTM)Rs 7,904 Cr
Depreciation (latest quarter)Rs 1,988 Cr
Interest (TTM)Rs 15,891 Cr
Cost of goods sold (latest year)Rs 113,916 Cr
Total expenditure (latest year)Rs 139,135 Cr
Total income (latest year)Rs 176,477 Cr
Share capitalRs 136 Cr
ReservesRs 103,334 Cr
Shareholders' fundsRs 103,470 Cr
Total assetsRs 569,134 Cr
Net blockRs 149,452 Cr
Capital work in progressRs 16,465 Cr
InvestmentsRs 154,982 Cr
ReceivablesRs 10,970 Cr
InventoryRs 15,429 Cr
Other liabilitiesRs 237,811 Cr
Shares outstanding (crore)68.06
Ownership
Promoter holding43.73% (+0.62 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 35.8 is at the 81th percentile of its own 9.4-year range (median 24.8, low 9.6, high 52.2).
P/B 1.95 is at the 68th percentile (median 1.69).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGRASIMNifty 50Difference
1 week-6.5%-2.8% -3.7 pts
1 month-10.4%-6.8% -3.6 pts
3 months-6.9%-7.6% +0.7 pts
6 months+15.8%+0.4% +15.4 pts
1 year+6.6%-9.9% +16.5 pts
2 years+11.1%-13.6% +24.6 pts
3 years+52.5%+14.2% +38.3 pts
5 years+76.6%+27.9% +48.7 pts
265 mutual fund schemes hold about ₹8,223 Cr. Over three months 192 bought more and 47 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Aditya Birla SL Flexi Cap Fund1.68%489 +20%
SBI Contra Fund0.79%376 +16%
ICICI Pru Multi Asset Allocation Fund0.40%352 +13%
UTI Nifty 50 Index Fund1.15%340 +16%
Franklin India Flexi Cap Fund1.58%306 +16%
HDFC Nifty 50 Index Fund1.15%279 +16%
SBI Multicap Fund0.96%236 +13%
HDFC Arbitrage Fund(M0.87%221 -55%
ICICI Pru Multi Cap Fund1.10%216 +9%
ICICI Pru Large Cap Fund0.27%212 -17%
Invesco India Contra Fund1.01%209 +100%
ICICI Pru Multi Cap Fund1.10%207 +9%
ICICI Pru Nifty 50 Index Fund1.15%200 +16%
ICICI Pru Nifty 50 Index Fund1.15%199 +16%
ICICI Pru Large & Mid Cap Fund0.51%173 +100%
Aditya Birla SL Arbitrage Fund0.63%171 -28%
SBI Nifty Index Fund1.15%161 +16%
Aditya Birla SL Value Fund1.94%134 +11%
Altiva Hybrid Long-Short Fund1.42%131 +100%
SBI Balanced Advantage Fund0.30%129 +16%
Bandhan Small Cap Fund0.35%120 -3%
SBI Arbitrage Fund0.23%109 -58%
UTI Large & Mid Cap Fund1.61%105 -2%
Mahindra Manulife Focused Fund4.88%103 +22%
Franklin India ELSS Tax Saver Fund1.57%98 +16%

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -320% of net profit over the last 3 years
lookRegulator order or action Regulator order or action 2025-12-24: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-24Mr. Kumar Mangalam BirlaPromoter groupbuy13,682,270SAST Open Market
2024-08-20Advaitesha BirlaPromoter Groupbuy18,900Rs 4.98 CrMarket Purchase
2024-05-24Birla Group Holdings Private LimitPromotersother27,809,466Scheme of Amalgamation/M
2023-09-30Usha GuptaImmediate relativeother500Rs 0.10 CrPledge Creation
2023-09-29Usha GuptaImmediate relativeother500Rs 0.10 CrRevokation of Pledge
2022-09-30Krishna Kishore MaheshwariEmployees/Designated Employesell10,000Rs 1.68 CrMarket Sale
2022-09-29Dr. Aspi PatelEmployees/Designated Employeother4,960Rs 0.42 CrESOP
2022-09-29Amit KumarEmployees/Designated Employeother629Rs 0.00 CrESOP
2022-09-29Amit KumarEmployees/Designated Employesell629Rs 0.11 CrMarket Sale
2022-09-29Chandra BhattacharjeeEmployees/Designated Employeother500Rs 0.06 CrESOP
2022-09-29Suresh KEmployees/Designated Employeother629Rs 0.00 CrESOP
2022-09-28Krishna Kishore MaheshwariEmployees/Designated Employesell5,000Rs 0.84 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹48,716 Cr +21.4% vs Jun 2025. Net profit ₹3,846 Cr +38.8%.

Activity

Compare
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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-07Dividend - Rs 10 Per Share
2025-08-12Dividend - Rs 10 Per Share
2024-08-06Annual General Meeting/Dividend - Rs 10 Per Share
2024-01-10Rights 6:179 @ Premium Rs 1810/-
2023-08-11Annual General Meeting/Dividend - Rs 10 Per Share
2022-08-11Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per Share
2021-08-12 Annual General Meeting/Dividend - Rs 5 Per Share/ Special Dividend - Rs 4 Per Share
2020-08-26 Dividend - Rs 4 Per Share
2019-08-08 Annual General Meeting/Dividend - Rs 7 Per Sh
2018-08-31 Dividend Rs 6.20 Per Share
2017-09-08 Annual General Meeting/Dividend - Rs 5.50 Per Share
2017-07-19 Scheme Of Arrangement
2016-10-06 Face Value Split From Rs 10 To Re 20.2000
2016-09-07 Dividend - Rs 22.50 Per Share
2015-09-03 Annual General Meeting / Dividend Rs 18/- Per Share
2014-08-20Dividend - Rs 21/- Per Share
2013-07-31Annual General Meeting / Dividend - Rs 22.50/- Per Share
2012-08-27Annual General Meeting/ Dividend Rs 22.50 Per Share
2011-09-06Dividend-Rs.20/- Per Share
2010-08-10Dividend-Rs.30/- Per Share
2010-05-26Scheme Of Arrangement
2009-07-24Dividend-Rs.30/- Pr Share
2008-07-22Dividend-Rs.30/- Pr Share
2007-06-28Agm
2007-03-15Interim Dividend-275% Purpose Revised
2006-08-09Dividend-Rs.20/- Per Sh
DateTypeWhat it says
2026-09-23General UpdatesAllotment of Equity Shares by Aditya Birla Renewables Limited, a subsidiary of the Company
2026-09-18UpdatesUpdate on Joint Venture
2026-09-12Regulatory actionDisclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
2026-09-09Concall / analyst meetIntimation of schedule of Analysts / Institutional Investor Meet
2026-09-03UpdatesCorporate Dossier of Grasim Industries Limited
2026-08-29General UpdatesDisclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
2026-08-28Concall / analyst meetSchedule of meet
2026-08-26General UpdatesDisclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
2026-08-22General UpdatesAppointment of Joint Statutory Auditor for a term of 5 consecutive years
2026-08-22Shareholder meetingScrutinizers Report and Voting Results of the 79th Annual General Meeting of the Company
2026-08-21AcquisitionIncorporation of UHG Holdings IFSC Private Limited
2026-08-21Shareholder meetingProceedings of the 79th Annual General Meeting held on 21st August 2026
2026-08-21UpdatesChairman Speech at the 79th Annual General Meeting of the Company
2026-08-17Concall / analyst meetTranscript of Conference Call on the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026
2026-08-12Concall / analyst meetAudio Recording - Earnings Call
2026-08-12General UpdatesGrant of Stock Options - Grasim Industries Limited Employee Stock Option and Performance Stock Unit Scheme 2022
2026-08-12Monitoring Agency ReportMonitoring Agency Report for the quarter ended 30th June 2026
2026-08-12Investor PresentationInvestor Presentation
2026-08-12Press ReleasePress release on the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026
2026-08-12Board meeting outcomeUnaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026
2026-08-11Concall / analyst meetIntimation of schedule of Analysts / Institutional Investor Meet
2026-08-11Commencement of commercial pCommencement of commercial production of CPVC Resin Plant at Vilayat, Gujarat in collaboration with Lubrizol Advanced Materials India Private Limited
2026-08-06Giving guarantees/indemnity/Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2026-07-29Concall / analyst meetIntimation of schedule of Analysts / Institutional Investor Meet
2026-07-28General UpdatesDisclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.65
Max pain (expiry 2026-10-27)3,000
Largest call open interest at3,000
Largest put open interest at3,000
Implied volatility, at the money20.3%
Underlying at snapshot2,962.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-308
2026-09-29750
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-06-04NCLATGrasim Industries Ltd VS Competition Commission of India & Anr
2021-04-30NCLATGrasim Industries Ltd VS Competition Commission of India & Anr
2021-04-01NCLATGrasim Industries Ltd VS Competition Commission of India & Anr
2021-02-24NCLATGrasim Industries Ltd VS Competition Commission of India & Anr
2021-01-22NCLTGrasim Industries Lts Vs
2021-01-15NCLTGrasim Industries Lts Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Grasim Industries Ltd?

Grasim Industries Ltd (GRASIM) has a market capitalisation of Rs 2,10,966 Cr. at the 2026-10-01 close.

What is the P/E ratio of Grasim Industries Ltd?

Grasim Industries Ltd trades at a P/E of 36.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Grasim Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Grasim Industries Ltd sales was Rs 48,716 Cr (+21.4% vs Jun 2025) and net profit was Rs 3,846 Cr.

What is the 52-week high and low of Grasim Industries Ltd?

The 52-week high is Rs 3,411.10 and the 52-week low is Rs 2,502.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03