Grasim Industries Share Price
GRASIM
Grasim Industries Share Price Chart
About Grasim Industries
Grasim Industries Financials
Market cap ₹1,81,270 Crs | Open ₹2,701.90 | Close ₹2,701.90 |
Circuit range ₹2,972.05 - ₹2,431.75 | Day range ₹2,669.00 - ₹2,714.05 | Year range ₹2,016.55 - ₹2,877.75 |
Volume 3,87,874 | Avg. traded ₹2,681.31 | Revenue (12m) ₹1,37,116 Crs |
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
52 week high ₹2,877.75 | 52 week low ₹2,016.55 | P/E ratio 39.98 |
P/B ratio 1.98 | ROE 1.91% | ROCE 2.89% |
Dividend yield 0.37% | Debt/Equity ratio 0.18 | EPS 14.24 |
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Analyst ratings:
Analyst ratings:
63%
Hold
24%
Sell
13%
This analysis is based on the reviews of 8 experts in the last 7 days
Brands by Grasim Industries
Grasim Industries Fundamentals
Grasim Industries Financial Ratios
Operating profit margin13.27% | Net profit margin3.51% |
ROE1.91% | ROA1.39% |
ROCE2.89% |
Quick ratio0.61 | Current ratio1.05 |
Interest coverage3.73 | Asset turnover0.4 |
Debt to Equity0.18 |
P/E ratio39.98 | P/B ratio1.98 |
EV / EBITDA45.09 | |
Dividend yield0.37% |
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Revenue statement
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Cash flow
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Balance sheet
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Grasim Industries Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Dec 6 2024 | ₹2,714.90 | ₹2,701.90 | -0.18% |
Thu, Dec 5 2024 | ₹2,733.00 | ₹2,706.80 | -0.39% |
Wed, Dec 4 2024 | ₹2,708.30 | ₹2,717.30 | |
Tue, Dec 3 2024 | ₹2,693.05 | ₹2,714.00 | |
Mon, Dec 2 2024 | ₹2,605.85 | ₹2,693.55 | |
Fri, Nov 29 2024 | ₹2,565.00 | ₹2,606.25 | |
Thu, Nov 28 2024 | ₹2,622.00 | ₹2,570.45 | -1.96% |
Wed, Nov 27 2024 | ₹2,619.80 | ₹2,621.90 |
Events
Corporate actions
Dividend • ₹10/share
Ex date 06 Aug 2024
Rights Issue • 6:179
Ex date 10 Jan 2024
Dividend • ₹10/share
Ex date 11 Aug 2023
Dividend • ₹5/share
Ex date 11 Aug 2022
Dividend • ₹5/share
Ex date 11 Aug 2022
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