āagman

Not investment advice. Data and computed figures, for information only.

Grasim Industries Ltd

NSE: GRASIMF&O
₹2,920.00
+₹34.10 (+1.18%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,96,675 Cr
CMP
₹2,920.00
52-wk High / Low
₹3,411 / 2,503
P/E
34.3
P/B
1.9
Book Value
₹1,520.0
Div Yield
0.35%
ROCE
8.0%
ROE
5.0%
Face Value
₹2
D/E
2.20

Price+4.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹1,580
√(22.5 × EPS × book value per share)
ROIC
6.1%
vs 6.2% sector median
Cash flow to profit
−1.73
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+90
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
4.4%
ROE × earnings retention ratio
ROE stability
2.6
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.28DII −0.15
Latest quarter vs the previous one
Cash-accrual divergence
5.3%
of assets
Low = accruals track cash flow
Strengths
+Annualised volatility of 23.4% is in the low band (≤25%)
+Promoter holding rose by 1.0pp over the last year
+FII holding rose by 2.2pp over the last year
Watch-outs
−Latest ROCE of 8% trails the sector median of 10%
−Borrowings are up 1722.1% since FY2016 (12505 to 227853)
−Price trades below its 200-day moving average (1.0x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales31,06530,22131,96537,72734,61034,22335,37844,26740,11839,90044,31251,10148,716
Expenses24,70824,17325,07329,83527,92728,19728,57535,51731,29632,22835,44240,22737,565
Operating Profit6,3576,0486,8937,8926,6826,0266,8048,7508,8227,6718,87010,87411,152
OPM %20.5%20.0%21.6%20.9%19.3%17.6%19.2%19.8%22.0%19.2%20.0%21.3%22.9%
Other Income296285256−4824740338248537640665143318
Interest2,0322,2262,4332,5862,7953,0273,2703,4073,5513,6693,9094,0154,298
Depreciation1,1831,2451,2441,3291,4431,5721,6081,8311,8101,8991,9752,0421,988
Profit before tax3,4382,8623,4723,9282,6911,8302,3083,9963,8372,5103,0514,9605,183
Net Profit2,5762,0242,6032,7222,0669831,7342,9732,7711,4982,2333,6843,846
EPS (₹)23.1717.1022.2520.8016.334.7812.4521.9820.878.1315.2327.8631.53

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales31,73434,48736,06855,89477,20068,25276,40495,7011,17,6271,30,9781,48,4781,75,4311,84,029
Expenses26,59028,57628,68244,28160,56057,88057,76975,27096,0381,03,7831,20,2161,39,1351,45,462
Operating Profit5,1445,9117,38711,61216,64010,37318,63520,43121,58927,19528,26236,29638,567
OPM %16.2%17.1%20.5%20.8%21.6%15.2%24.4%21.3%18.4%20.8%19.0%20.7%21.0%
Other Income5301,3201,076410−1,8467,0761,1301,6483,7337831,5171,047932
Interest6677187023,6636,0606,8905,7234,7766,0449,27712,50015,14415,891
Depreciation1,5631,8341,8082,7243,5714,0044,0334,1614,5525,0016,4547,7267,904
Profit before tax3,4434,6795,9525,6355,1636,55410,00913,14314,72713,70010,82514,47315,704
Net Profit2,5823,4554,2463,6882,7456,6396,98711,20611,0789,9267,75610,30011,261
EPS (₹)36.7551.1565.6439.4324.9164.9063.30110.96100.3385.4254.4672.9882.75

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital929393131132132132132132133136136—
Reserves23,04827,33631,29457,23057,88856,50165,36275,56778,61088,52097,3731,03,334—
Borrowings11,93012,5059,21367,07084,48784,77779,07874,7441,03,0391,37,1551,86,3262,27,853—
Other Liabilities18,96319,64222,14783,46798,6201,02,7721,22,7771,38,7061,55,0421,86,3092,16,2062,37,811—
Total Liabilities54,03359,57662,7472,07,8992,41,1272,44,1812,67,3492,89,1493,36,8234,12,1165,00,0405,69,134—
Fixed Assets31,82834,27134,78669,25787,12987,73685,02388,99694,8961,00,4941,41,1481,49,452—
CWIP2,7551,7881,2972,2902,7663,9045,7696,6157,77818,35814,76516,465—
Investments7,25510,60114,20065,99562,74766,33788,01796,7661,05,3551,29,3061,40,4961,54,982—
Other Assets12,19412,91612,46470,35688,48486,20488,54096,7711,28,7931,63,9592,03,6322,48,236—
Total Assets54,03359,57662,7472,07,8992,41,1272,44,1812,67,3492,89,1493,36,8234,12,1165,00,0405,69,134—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,5494,5945,8687,288−4,140−1,65916,62015,0757,038−12,685−10,719−17,170−17,810
Cash from Investing Activity−2,336−2,359−4,515−3,5091,546−2,212−11,364−7,146−1,053−13,712−23,114−23,313−17,798
Cash from Financing Activity−1,046−2,278−1,365−3,7993,4494,158−3,418−8,003−6,73326,46933,90842,97833,523
Net Cash Flow168−42−11−208562871,838−75−74872752,495−2,085

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.09.011.013.010.08.08.09.09.010.09.08.08.0
ROE %————————————5.0
EPS (₹)43.6636.7551.1565.6439.4324.9164.9063.30110.96100.3385.4254.4672.98
Book Value (₹)————————————1,520.0
Face Value (₹)————————————2
P/E————————————34.3
Div Yield %————————————0.35
NPM %10.48.09.611.46.63.68.89.011.59.17.55.25.8
OPM %17.016.017.020.021.022.015.024.021.018.021.019.021.0
D/E0.450.520.460.291.171.461.501.210.991.311.551.912.20
P/B————————————1.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+18.0%
5 years+18.0%
3 years+14.0%
TTM+20.0%
Compounded profit growth
10 years+8.0%
5 years+2.0%
3 years−10.0%
TTM+40.0%
Stock price CAGR
10 years+14.0%
5 years+12.0%
3 years+13.0%
Last year+3.0%
Return on equity
10 years7.0%
5 years7.0%
3 years5.0%
Last year5.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters31.27%31.27%40.10%40.15%40.26%41.83%42.76%42.75%43.05%43.11%43.73%43.73%
FIIs28.11%28.11%27.43%20.00%13.52%14.44%12.71%12.45%12.70%13.45%14.91%14.63%
DIIs16.45%16.45%12.61%18.67%22.86%16.81%14.43%16.82%16.69%18.24%16.28%16.13%
Government————————————
Public24.17%24.17%19.86%20.97%23.15%26.72%29.87%27.69%27.24%24.87%24.75%25.15%
No. of shareholders1,52,4631,52,4632,30,9262,32,6102,33,9342,22,1812,62,6502,47,2652,52,3172,55,1692,44,8702,41,017
Change since Jun 2023 (pp)
Promoters +12.46FIIs −13.48DIIs −0.32Public +0.98

Documents

As of 11 Oct 2026
Announcements
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Announcement under Regulation 30 (LODR)-Newspaper PublicationIntimation of Repayment of Commercial Paper (CP)Closure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 7 Aug 2026
7 Aug 2026DIVIDENDDividend - Rs 10 Per Share—
12 Aug 2025DIVIDENDDividend - Rs 10 Per Share—
6 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 10 Per Share—
10 Jan 2024RIGHTSRights 6:179 @ Premium Rs 1810/-—
11 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 10 Per Share—
11 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per Share—
12 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 5 Per Share/ Special Dividend - Rs 4 Per Share—
26 Aug 2020DIVIDEND Dividend - Rs 4 Per Share—
8 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 7 Per Sh—
31 Aug 2018DIVIDEND Dividend Rs 6.20 Per Share—
8 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 5.50 Per Share—
19 Jul 2017DEMERGER Scheme Of Arrangement—
6 Oct 2016SPLIT Face Value Split From Rs 10 To Re 210 : 2
7 Sep 2016DIVIDEND Dividend - Rs 22.50 Per Share—
3 Sep 2015DIVIDEND Annual General Meeting / Dividend Rs 18/- Per Share—
20 Aug 2014DIVIDENDDividend - Rs 21/- Per Share—
31 Jul 2013DIVIDENDAnnual General Meeting / Dividend - Rs 22.50/- Per Share—
27 Aug 2012DIVIDENDAnnual General Meeting/ Dividend Rs 22.50 Per Share—
6 Sep 2011DIVIDENDDividend-Rs.20/- Per Share—
10 Aug 2010DIVIDENDDividend-Rs.30/- Per Share—
26 May 2010DEMERGERScheme Of Arrangement—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman