1. Grasim Industries
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75% Buy

Grasim Industries Share Price

GRASIM

₹2,471.20+₹13.15 (0.53%) TodayLast updated on 14 Jun, 2024 | 03:55 PM IST
₹2,450.00₹2,523.70
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,69,254 Crs

Open

₹2,458.05

Close

₹2,458.05

Circuit range

₹2,703.85 - ₹2,212.25

Day range

₹2,450.00 - ₹2,523.70

Year range

₹1,696.00 - ₹2,523.70

Volume

15,42,911

Avg. traded

₹2,496.63

Revenue (12m)

₹1,30,979 Crs

Grasim Industries

Aditya Birla Group's Grasim Industries Limited started as a textile manufacturing company in 1947. The company was incorporated just 10 days after India's Independence. Over the years, it diversified its portfolio to establish itself as an important player across many sectors. The company is a leading producer of viscose, diversified chemicals, linen yarn and fabrics. Grasim Industries has interests in the paint, financial services, cement and clean energy business.

Business operations

Grasim Industries started fabric production at its Gwalior unit in 1950. Four years later, it started VSF production at its unit in Madhya Pradesh' Nagda. The company set up an engineering division for plant and machinery in 1962. Grasim Industries composite textile mill was set up in Haryana's Bhiwani in 1963. The firm began rayon production at its facility in Marayoor, Kerala.

Another pulp plant came up in Karnataka's Harihar in 1972. The company began caustic soda production at Nagda for captive use. Today, the company is the largest producer of caustic soda in India. In 1985, the company entered the cement business with Vikram Cement by setting up its first plant at Jawad in Madhya Pradesh.

Grasim Industries commissioned Vikram Ispat India's gas-based sponge iron plant in 1993. The company entered the IT industry with the setting up of Birla Consultancy & Software Services.

In 1995, Vikram Woollen's spinning unit came up at Malanpur, Madhya Pradesh. A plant was commissioned by Grasim Industries at Kahrach, Gujarat, in 1996. The company teamed up with Tembec Inc. to set up a joint venture company, Atholville Pulp Mill, in Canada in 1998.

In 2001, the company demerged its consultancy and software service business into a separate entity, Birla Technologies Ltd. Grasim also acquired a 10% stake in L&T. The company divested its Gwalior textile unit, consolidating its operation at Bhiwani to manufacture Grasim and Graviera brands in 2002.

The company acquired AV Nackawic Pulp Mill, Canada, in a joint venture with group companies and Tembec Inc. In 2006, the company took over a plant in China in a joint venture with Birla Jingwei Fibres.

In another key acquisition, the company got stakes in Domsjo Fabriker AB, Sweden. In 2015, the company merged Aditya Birla Chemicals (India) Limited (ABCIL) with Grasim. The merger was finalised in 2016. Aditya Birla Nuvo was later merged with Grasim. Subsequently, the financial services business was demerged and was listed on bourses as Aditya Birla Capital Limited.

UltraTech cement, owned by Grasim Industries, completed the acquisition of cement plants from Jaiprakash Associates and Jaypee Cement Corporations Limited.

Grasim Industries received an agreement to acquire a 100% stake in Soktas India Private Limited from its current promoters in 2019.

In 2021, Grasim entered the paint business. The company announced a foray into the B2B e-commerce space for building materials, Birla Pivot, in 2022. The company announced that it will invest ₹2,000 crore over the next five years. The platform began operation in 2023, catering to customers in Madhya Pradesh, Maharashtra and Delhi.

Grasim Industries Ltd's market capitalisation stands at over ₹1.4 lakh crore as of December 29, 2023. Grasim share price has moved up by over 128% in the last three years.

Financial Highlights

  • The company's total income in FY23 stood at ₹1.21 lakh crore, compared to ₹96,522 crore in FY22.
  • Grasim Industries reported a net profit of ₹11,078 crore in FY23 as against ₹11,206 crore in FY22.
  • The EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹20,478 crore in FY23 compared to ₹17,772 crore in FY22.
  • The basic earnings per share (EPS) decreased to ₹103.98 in FY23 from ₹114.98 in the last financial year.

Grasim Industries Key indicators

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52 week high

₹2,523.70

52 week low

₹1,696.00

P/E ratio

29.02

P/B ratio

1.87

ROE

4.45%

ROCE

5.73%

Dividend yield

0.41%

Debt/Equity ratio

0.11

EPS

32.26

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Investment checklist: (5/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

75%

Hold

12%

Sell

13%

This analysis is based on the reviews of 8 experts in the last 7 days

Brands by Grasim Industries

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brand logo

Aditya BIrla Capital

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Birla Shaktiman

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GRASIM

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Linen Club

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Liva

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Raysil

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Ultra Tech Cement

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

15.24%

Net profit margin

7.71%

ROE

4.45%

ROA

3.4%

ROCE

5.73%

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Grasim Industries Shareholder returns

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1 day

+0.32%

1 week

+5.28%

1 month

+3.05%

3 months

+14.38%

1 year

+41.43%

3 years

+64.90%

5 years

+171.73%

Grasim Industries Share Price history

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DayOpenCloseDay’s change
Fri, Jun 14 2024
₹2,458.05
₹2,471.20
+0.53%
Thu, Jun 13 2024
₹2,441.05
₹2,458.05
+0.32%
Wed, Jun 12 2024
₹2,430.00
₹2,450.15
-0.27%
Tue, Jun 11 2024
₹2,449.90
₹2,456.90
+0.41%
Mon, Jun 10 2024
₹2,381.10
₹2,446.80
+2.81%
Fri, Jun 7 2024
₹2,311.20
₹2,379.85
+1.93%
Thu, Jun 6 2024
₹2,306.05
₹2,334.75
+1.30%
Wed, Jun 5 2024
₹2,258.40
₹2,304.85
+2.15%

Shareholding info

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Promoters (43.06%)

Mutual Funds (6.09%)

Retail and other (27.56%)

Foreign institutions-FII (12.7%)

Other domestic institutions (10.6%)

Promoters

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Events

Corporate actions

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  • Rights Issue • 6:179

    Ex date 10 Jan 2024

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  • Dividend • ₹10/share

    Ex date 11 Aug 2023

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  • Dividend • ₹5/share

    Ex date 11 Aug 2022

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  • Dividend • ₹5/share

    Ex date 11 Aug 2022

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Frequently asked questions