Grasim Industries Ltd.

NSE: GRASIM · Construction Materials

₹3,227.00-0.02%06 Nov 2026

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Instant answers about Grasim Industries Ltd. — computed from its filings, no language model

Market cap₹2,19,613 cr

Current price₹3,227.00

High / Low₹3,380 / ₹2,531

P/E38.6

P/B2.12

Book value₹1,520.4

ROE5.5%

ROCE5.9%

Debt / equity2.17

Dividend yield0.76%

EPS (TTM)₹83.66

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	57,338	72,971	77,625	76,398	95,701	1,17,627	1,30,978	1,48,478	1,75,431
EBITDA	9,888	12,018	12,879	14,714	16,951	16,866	19,572	18,564	24,692
Operating margin	17.2%	16.5%	16.6%	19.3%	17.7%	14.3%	14.9%	12.5%	14.1%
Interest	1,359	1,781	2,338	1,809	1,296	1,320	1,655	2,802	3,540
Depreciation	2,724	3,260	4,041	4,033	4,161	4,552	5,001	6,454	7,726
Profit before tax	6,362	5,204	6,085	9,582	12,247	14,518	13,611	10,528	14,283
Tax	1,947	2,457	-31	3,022	1,936	3,649	3,774	3,069	4,172
Net profit	2,679	1,772	4,425	4,305	7,550	6,827	5,624	3,706	4,966
EPS ₹	44.22	26.96	67.42	65.58	114.98	103.98	85.29	55.57	73.21
Operating cash flow	—	—	—	—	7,038	-12,685	-10,719	-17,170	-17,810
Capex	—	—	—	—	8,588	12,036	19,485	17,181	15,626
Dividend paid	—	—	—	—	1,066	1,151	1,126	1,584	1,671
Total assets	2,07,920	2,41,174	2,44,416	2,67,554	2,89,395	3,37,205	4,12,539	5,00,536	5,69,555
Equity	57,362	58,020	56,652	65,494	75,698	78,742	88,652	97,509	1,03,470

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	17,438	16,857	16,795	18,419	20,965	18,861	18,430	19,205	19,902	13,621	18,400	20,986	24,399	19,919	22,564	24,402	28,811	28,042	27,486	28,638	33,462	31,065	30,221	31,965	37,727	33,861	33,563	34,793	44,267	40,118	39,900	44,312	51,101	48,716
Operating profit	2,714	2,979	2,553	2,786	3,577	3,986	2,958	2,725	2,970	2,237	3,460	4,146	5,011	4,466	4,029	3,986	4,467	5,065	3,531	3,617	4,653	4,685	4,225	4,893	5,769	4,460	3,646	4,299	6,164	6,088	4,872	5,949	7,783	7,772
Operating margin	15.6%	17.7%	15.2%	15.1%	17.1%	21.1%	16.0%	14.2%	14.9%	16.4%	18.8%	19.8%	20.5%	22.4%	17.9%	16.3%	15.5%	18.1%	12.8%	12.6%	13.9%	15.1%	14.0%	15.3%	15.3%	13.2%	10.9%	12.4%	13.9%	15.2%	12.2%	13.4%	15.2%	16.0%
Other income	254	233	301	173	209	231	223	243	273	377	200	330	131	270	253	122	180	168	252	2,972	220	296	285	256	427	300	395	369	383	342	345	265	228	305
Interest	392	406	413	465	499	531	605	550	591	490	453	431	456	410	312	260	314	329	313	340	338	361	398	433	463	481	581	699	821	816	869	933	922	919
Depreciation	771	767	806	835	859	920	993	1,002	1,037	986	1,017	1,007	1,043	991	1,017	1,026	1,128	1,089	1,116	1,139	1,207	1,183	1,245	1,244	1,329	1,368	1,496	1,532	1,831	1,810	1,899	1,975	2,042	1,988
Profit before tax	1,491	2,038	-641	1,658	2,129	2,656	1,577	1,405	353	922	1,854	3,038	3,580	3,336	2,954	2,821	3,136	3,816	2,266	5,108	3,328	3,438	2,866	3,473	3,835	2,944	1,882	2,438	3,828	3,765	2,449	3,107	4,962	5,157
Tax	488	680	377	590	809	918	553	404	-1,926	324	688	977	1,064	1,060	1,065	275	-464	1,110	847	632	1,059	862	838	868	1,207	708	867	604	1,023	1,066	1,012	818	1,276	1,337
Net profit	720	1,116	-1,446	958	1,145	1,231	1,002	680	1,506	237	924	1,384	1,715	1,667	1,359	1,746	2,777	1,933	1,009	2,516	1,369	1,576	1,164	1,514	1,370	1,208	390	899	1,496	1,419	553	1,037	1,958	2,146
EPS ₹	10.95	16.98	-21.99	14.57	17.56	18.75	15.26	10.36	22.94	3.60	14.07	21.07	26.13	25.39	20.70	26.60	42.29	29.44	15.37	38.33	20.85	24.01	17.73	23.08	20.69	18.25	5.86	13.47	22.22	20.91	8.16	15.28	28.87	31.64
Revenue YoY	—	—	—	—	20.2%	11.9%	9.7%	4.3%	-5.1%	-27.8%	-0.2%	9.3%	22.6%	46.2%	22.6%	16.3%	18.1%	40.8%	21.8%	17.4%	16.1%	10.8%	10.0%	11.6%	12.7%	9.0%	11.1%	8.8%	17.3%	18.5%	18.9%	27.4%	15.4%	21.4%
Profit YoY	—	—	—	—	58.9%	10.3%	—	-29.0%	31.6%	-80.8%	-7.8%	103.4%	13.9%	604.8%	47.1%	26.2%	61.9%	16.0%	-25.8%	44.1%	-50.7%	-18.5%	15.3%	-39.8%	0.1%	-23.4%	-66.5%	-40.6%	9.2%	17.4%	42.0%	15.3%	30.9%	51.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Grasim Industries Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	10,914	10,333	4,646	4,971	5,228	5,604	6,331	8,378	11,031
Operating profit	2,607	3,340	1,519	1,258	1,088	861	665	1,425	2,165
Operating margin	23.9%	32.3%	32.7%	25.3%	20.8%	15.4%	10.5%	17.0%	19.6%
Other income	240	238	298	463	435	385	348	280	464
Interest	142	160	46	36	39	42	39	94	58
Depreciation	457	456	176	144	159	220	263	415	446
Profit before tax	2,248	2,962	1,595	1,542	1,529	985	685	1,168	2,125
Tax	600	536	413	365	303	89	155	255	565
Net profit	1,648	2,426	1,182	1,177	1,226	896	530	913	1,560

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	2,519	2,630	2,742	2,592	2,701	2,690	2,932	3,079	3,026	3,088	1,141	964	963	1,257	1,462	1,044	1,249	1,266	1,412	1,258	1,353	1,220	1,396	1,163	1,421	1,470	1,549	1,439	1,600	1,559	1,733	1,657	1,838	2,343	2,540	2,426	2,749	2,738	3,117	2,987	4,037	4,428
Operating profit	805	856	662	752	594	536	724	919	1,058	1,022	341	321	294	407	498	373	336	309	241	315	309	231	234	217	277	209	159	141	214	181	129	216	284	460	465	538	559	543	525	555	785	874
Operating margin	32.0%	32.6%	24.2%	29.0%	22.0%	19.9%	24.7%	29.8%	35.0%	33.1%	29.9%	33.3%	30.5%	32.4%	34.1%	35.8%	26.9%	24.4%	17.0%	25.0%	22.8%	18.9%	16.7%	18.6%	19.5%	14.2%	10.2%	9.8%	13.4%	11.6%	7.5%	13.0%	15.4%	19.6%	18.3%	22.2%	20.3%	19.8%	16.9%	18.6%	19.4%	19.7%
Other income	57	65	119	82	84	44	29	29	101	53	55	40	132	41	85	80	171	86	127	65	192	79	98	82	205	35	63	55	211	31	51	22	207	24	28	48	330	55	30	66	269	46
Interest	27	23	27	30	29	44	38	48	51	50	11	10	10	12	13	11	11	7	7	6	8	11	15	8	9	13	11	6	9	12	13	14	14	40	27	23	16	11	8	7	43	30
Depreciation	88	86	94	105	107	120	125	137	136	142	41	44	45	44	42	35	36	37	37	36	39	40	45	48	53	55	64	53	62	63	84	79	84	123	129	110	112	111	113	110	166	166
Profit before tax	748	815	705	699	543	416	590	763	973	882	344	306	370	392	527	408	460	351	323	338	454	260	477	242	420	176	147	137	354	137	56	145	393	321	309	453	761	477	434	504	791	725
Tax	248	262	38	185	124	86	205	-104	299	286	55	82	91	109	132	94	115	76	79	65	71	62	105	16	7	50	17	32	55	44	25	39	54	61	100	132	169	145	119	156	216	251
Net profit	500	554	667	514	420	330	385	867	674	596	289	224	280	283	396	314	345	274	244	273	383	198	372	226	414	126	130	106	299	94	31	106	338	260	209	321	592	331	315	347	574	474
EPS ₹	54.51	60.40	72.79	56.08	45.75	35.94	41.96	94.51	73.54	64.99	31.55	24.41	30.49	30.83	43.13	34.25	37.60	29.93	26.55	29.76	41.72	21.57	40.57	24.63	45.04	13.73	14.18	11.52	32.60	10.20	3.37	11.51	36.82	27.89	22.34	34.37	12.69	7.10	6.76	7.44	8.97	7.21
Revenue YoY	—	—	—	—	7.2%	2.3%	6.9%	18.8%	12.0%	14.8%	-61.1%	-68.7%	-68.2%	-59.3%	28.1%	8.2%	29.7%	0.7%	-3.4%	20.5%	8.4%	-3.7%	-1.1%	-7.6%	5.0%	20.5%	10.9%	23.7%	12.5%	6.1%	11.9%	15.2%	14.9%	50.3%	46.5%	46.4%	49.6%	16.9%	22.7%	23.1%	46.9%	61.7%
Profit YoY	—	—	—	—	-16.1%	-40.5%	-42.4%	68.5%	60.7%	80.8%	-24.8%	-74.2%	-58.5%	-52.6%	36.7%	40.3%	23.3%	-2.9%	-38.4%	-13.1%	11.0%	-27.9%	52.9%	-17.2%	8.0%	-36.3%	-65.0%	-53.2%	-27.6%	-25.7%	-76.2%	-0.1%	13.0%	177.9%	573.5%	203.4%	75.1%	27.3%	51.2%	8.2%	-3.0%	43.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 31 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	2.4%	3.1%	3.3%	7.5%	7.0%	7.8%	6.0%	5.9%	7.1%	6.5%	8.7%	9.4%	9.9%	10.0%	10.3%	9.8%	10.8%	8.7%	8.2%	8.0%	6.8%	6.3%	5.9%	4.8%	4.2%	4.1%	4.3%	4.4%	4.5%	4.8%	5.5%
ROCE	5.2%	5.2%	5.8%	7.6%	7.5%	6.5%	5.1%	5.2%	6.4%	7.9%	9.5%	10.2%	9.9%	9.1%	9.4%	8.2%	9.6%	8.8%	8.6%	8.0%	7.2%	6.8%	6.7%	5.7%	5.4%	4.9%	5.3%	5.2%	5.5%	5.4%	5.9%
Net margin	1.9%	2.4%	2.5%	5.7%	5.2%	5.8%	4.8%	4.7%	5.6%	5.5%	6.8%	7.0%	7.1%	7.9%	7.5%	6.9%	7.3%	5.8%	5.4%	5.4%	4.4%	4.3%	3.9%	3.3%	2.8%	2.7%	2.8%	2.7%	2.7%	2.8%	3.1%
EBITDA margin	15.9%	16.3%	17.2%	17.4%	17.1%	16.5%	15.3%	16.0%	17.6%	19.2%	20.4%	20.1%	19.2%	17.7%	16.9%	15.7%	14.8%	14.3%	13.7%	13.9%	14.6%	14.9%	14.5%	13.7%	13.0%	12.7%	13.2%	13.5%	13.7%	14.1%	14.3%
Debt / equity	1.07	1.29	1.29	1.29	1.29	1.25	1.25	1.25	1.25	1.18	1.18	1.18	1.18	0.96	0.96	1.12	1.12	1.29	1.29	1.44	1.44	1.52	1.52	1.68	1.68	1.88	1.88	2.04	2.04	2.17	2.17
Interest coverage	3.71	3.91	4.04	4.82	4.55	3.63	2.90	3.17	4.14	6.13	7.75	9.02	9.82	10.45	11.47	10.90	12.05	12.00	11.46	11.26	9.57	9.23	8.39	7.20	5.99	5.30	5.08	4.89	4.82	5.03	5.30
Asset turnover	0.33	0.30	0.31	0.32	0.32	0.31	0.29	0.29	0.30	0.29	0.31	0.33	0.34	0.33	0.36	0.35	0.37	0.35	0.36	0.33	0.34	0.32	0.32	0.31	0.31	0.29	0.31	0.30	0.32	0.31	0.32

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 16 periods

	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	92	93	93	131	132	132	132	132	132	132	132	133	134	136	136	136
Other equity / reserves	15,366	27,336	31,294	57,230	57,888	56,521	65,362	75,567	76,378	78,610	83,039	88,520	92,784	97,373	99,482	1,03,334
Total equity	15,458	27,429	31,387	57,362	58,020	56,652	65,494	75,698	76,510	78,742	83,170	88,652	92,918	97,509	99,618	1,03,470
Borrowings	9,456	9,023	7,927	61,313	75,065	70,734	77,409	73,003	85,768	1,01,348	1,20,068	1,35,102	1,55,903	1,83,649	2,02,793	2,24,948
Current liabilities	13,120	14,463	10,995	42,522	48,765	46,626	51,922	57,884	63,039	69,533	77,558	92,433	98,354	1,07,524	1,10,234	1,19,600
Non-current liabilities	10,110	8,974	10,684	81,699	1,03,886	1,06,802	1,12,485	1,15,336	1,26,381	1,44,759	1,63,118	1,81,168	2,04,378	2,35,199	2,57,666	2,80,090
Total assets	54,052	59,595	62,768	2,07,920	2,41,174	2,44,416	2,67,554	2,89,395	3,07,243	3,37,205	3,71,569	4,12,539	4,48,454	5,00,536	5,30,102	5,69,555
Property, plant & equipment	28,457	30,916	31,376	45,434	55,652	55,758	53,767	58,149	59,242	63,754	65,692	69,505	77,817	1,03,939	1,07,876	1,12,103
Capital work-in-progress	2,750	1,787	1,296	2,257	2,728	3,822	5,719	6,572	8,420	7,730	12,765	18,229	15,903	14,610	14,333	15,877
Investments	7,255	8,506	—	—	—	—	—	—	66,202	74,850	81,865	93,300	1,02,453	1,02,734	1,07,901	1,14,564
Inventories	4,788	4,149	4,231	5,860	7,059	6,806	6,197	9,536	11,336	11,159	12,255	13,545	15,588	15,614	16,344	15,429
Receivables	2,647	3,002	3,010	5,203	6,690	5,652	4,342	5,429	5,569	5,922	5,949	6,981	7,127	9,159	9,243	10,970
Cash & equivalents	440	113	94	949	1,224	3,073	2,989	2,241	2,144	2,313	2,208	2,388	1,715	4,883	4,746	2,798

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 6 periods

	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,398	7,038	-12,685	-10,719	-17,170	-17,810
Cash from investing	686	-1,052	-13,687	-23,113	-23,982	-17,803
Cash from financing	-32	-6,733	26,469	33,908	43,643	33,523
Capex	3,649	8,588	12,036	19,485	17,181	15,626
Free cash flow	-2,250	-1,550	-24,721	-30,204	-34,351	-33,436
Dividends paid	434	1,066	1,151	1,126	1,584	1,671

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹1,12,103 cr20%

CWIP

₹15,877 cr3%

Investments

₹1,14,564 cr20%

Inventories

₹15,429 cr3%

Receivables

₹10,970 cr2%

Cash & equivalents

₹2,798 cr0%

Other assets

₹2,97,815 cr52%

Peer comparison

largest in Construction Materials · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
UltraTech Cement Ltd.	3,66,877	12,450.00	41.7	4.99	12.0%
Grasim Industries Ltd.	2,19,613	3,227.00	38.6	2.12	5.5%
Ambuja Cements Ltd.	97,064	390.60	34.6	1.63	4.7%
Shree Cement Ltd.	90,561	25,100.00	57.2	3.80	6.6%
J.K. Cement Ltd.	40,488	5,239.80	42.3	5.51	13.0%
Dalmia Bharat Ltd.	27,936	1,470.30	57.0	1.55	2.7%
ACC Ltd.	23,241	1,236.20	26.3	1.12	4.3%
The Ramco Cements Ltd.	19,314	817.35	31.8	2.38	7.5%
JSW Cement Ltd.	16,693	123.41	22.0	2.46	11.2%
Nuvoco Vistas Corporation Ltd.	12,251	343.00	29.5	1.28	4.3%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+10.5%

6 months+9.0%

1 year+9.1%

3Y CAGR+18.9%

5Y CAGR+11.8%

10Y CAGR+13.4%

50-day avg₹3,096.69

200-day avg₹2,991.86

RSI (14)81

Long-term financials (FY12–FY12)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY12	₹25,244 Cr	₹4,852 Cr	₹3,531 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

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FAQs

What is the share price of Grasim Industries Ltd.?

Grasim Industries Ltd. (GRASIM) closed at ₹3,227.00 on NSE on 06 Nov 2026.

What is the market cap of Grasim Industries Ltd.?

₹2,19,613 crore at the latest close.

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

38.6, on trailing-twelve-month earnings from its filings.

How fast is Grasim Industries Ltd. growing?

Grasim Industries Ltd.: revenue has compounded at 14.3% a year over three years; net profit at -10.1% a year. Latest-quarter revenue is up 21.4% year on year, profit up 51.3%.

How profitable is Grasim Industries Ltd.?

On a trailing-twelve-month basis return on equity is 5.5%, return on capital employed 5.9%, operating margin 14.3%, net margin 3.1%.

How much debt does Grasim Industries Ltd. have?

Grasim Industries Ltd. is highly geared: debt to equity is 2.17 with borrowings of ₹2,24,948 cr against cash of ₹2,798 cr (balance sheet of 2026-03-31). Operating profit covers interest 5.3 times.

Financials parsed from Grasim Industries Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '15. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.