Cement & Cement Products
Valuation | |
|---|---|
| Market Cap | 1.99 LCr |
| Price/Earnings (Trailing) | 43.95 |
| Price/Sales (Trailing) | 1.17 |
| EV/EBITDA | 16.48 |
| Price/Free Cashflow | -5.68 |
| MarketCap/EBT | 15.14 |
| Enterprise Value | 3.97 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 2.1% |
| Price Change 1M | 5.4% |
| Price Change 6M | 5.8% |
| Price Change 1Y | 17.7% |
| 3Y Cumulative Return | 21.9% |
| 5Y Cumulative Return | 18.8% |
| 7Y Cumulative Return | 22.3% |
| 10Y Cumulative Return | 18.5% |
| Revenue (TTM) |
| 1.7 LCr |
| Rev. Growth (Yr) | 26.8% |
| Earnings (TTM) | 9.47 kCr |
| Earnings Growth (Yr) | 21.1% |
Profitability | |
|---|---|
| Operating Margin | 8% |
| EBT Margin | 8% |
| Return on Equity | 5.6% |
| Return on Assets | 1.71% |
| Free Cashflow Yield | -17.62% |
| Cash Flow from Investing (TTM) | -23.98 kCr |
| Cash Flow from Operations (TTM) | -17.17 kCr |
| Cash Flow from Financing (TTM) | 43.64 kCr |
| Cash & Equivalents | 4.75 kCr |
| Free Cash Flow (TTM) | -34.35 kCr |
| Free Cash Flow/Share (TTM) | -504.73 |
Balance Sheet | |
|---|---|
| Total Assets | 5.3 LCr |
| Total Liabilities | 3.68 LCr |
| Shareholder Equity | 1.62 LCr |
| Current Assets | 1.01 LCr |
| Current Liabilities | 1.1 LCr |
| Net PPE | 1.08 LCr |
| Inventory | 16.34 kCr |
| Goodwill | 21.48 kCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.38 |
| Debt/Equity | 1.25 |
| Interest Coverage | 2.89 |
| Interest/Cashflow Ops | -4.89 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 10 |
| Dividend Yield | 0.34% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 3.4% |
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: Outperforming stock! In past three years, the stock has provided 21.9% return compared to 13.2% by NIFTY 50.
Momentum: Stock price has a strong positive momentum. Stock is up 5.4% in last 30 days.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Growth: Good revenue growth. With 45.8% growth over past three years, the company is going strong.
Insider Trading: There's significant insider buying recently.
No major cons observed.
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: Outperforming stock! In past three years, the stock has provided 21.9% return compared to 13.2% by NIFTY 50.
Momentum: Stock price has a strong positive momentum. Stock is up 5.4% in last 30 days.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Growth: Good revenue growth. With 45.8% growth over past three years, the company is going strong.
Insider Trading: There's significant insider buying recently.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.34% |
| Dividend/Share (TTM) | 10 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 66.57 |
Financial Health | |
|---|---|
| Current Ratio | 0.91 |
| Debt/Equity | 1.25 |
Technical Indicators | |
|---|---|
| RSI (14d) | 69.16 |
| RSI (5d) | 73.79 |
| RSI (21d) | 58.99 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated Feb 12, 2026
Despite strong results, the international pricing for chemicals has seen a decline.
There are concerns regarding sustainability in domestic chemical pricing amidst international trends.
While building materials segment saw a revenue increase, it remains vulnerable to market fluctuations.
Summary of Grasim Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Grasim Industries' management provided an optimistic outlook during their Q2 FY'26 earnings call, emphasizing resilience and growth across multiple business segments. The company's trailing 12-month revenues reached approximately INR 1,60,000 crores (over USD 18 billion), representing a 14% increase from roughly INR 95,000 crores (USD 11 billion) in FY'22. The standalone business achieved a revenue share of 24%, nearing its highest milestone of INR 10,000 crores in a quarter.
Key points from management's remarks include:
Paints Segment:
B2B E-Commerce (Birla Pivot):
Financial Performance:
Strategic Focus:
Overall, management projected a positive trajectory toward growth and profitability across all segments, with active measures in place to enhance operational efficiency and market positioning.
Understand Grasim Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| BIRLA GROUP HOLDINGS PRIVATE LIMITED | 23.18% |
| LIFE INSURANCE CORPORATION OF INDIA | 7.33% |
| IGH HOLDINGS PRIVATE LIMITED | 6.64% |
| HINDALCO INDUSTRIES LIMITED | 4.29% |
| PILANI INVESTMENT AND INDUSTRIES | 3.94% |
| P.T. Indo Bharat Rayon | 2.94% |
| CITIBANK N.A. NEW YORK, NYADR DEPARTMENT |
Detailed comparison of Grasim Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ULTRACEMCO | UltraTech Cement | 3.84 LCr | 86.37 kCr | +8.20% | +13.50% | 50 | 4.45 | - | - |
| AMBUJACEM | Ambuja Cements | 1.32 LCr |
Comprehensive comparison against sector averages
GRASIM metrics compared to Cement
| Category | GRASIM | Cement |
|---|---|---|
| PE | 44.05 | 33.47 |
| PS | 1.17 | 2.32 |
| Growth | 20.1 % | 15 % |
Grasim Industries is a prominent company operating primarily in the Cement & Cement Products sector, holding the stock ticker GRASIM. With a substantial market capitalization of Rs. 187,391.2 Crores, the company is significant within the industry.
Grasim Industries Limited, along with its subsidiaries, engages in diverse areas such as fibre, yarn, pulp, chemicals, textiles, fertilizers, and insulators, serving both domestic and international markets.
The company is organized into several key segments:
Cellulosic Fibres: This segment provides cellulosic staple fibre and cellulosic fashion yarn.
Chemicals: Grasim’s Chemicals segment offers chlor-alkali products, including caustic soda and chlorine derivatives, alongside specialty chemicals like epoxy polymers and curing agents.
Building Materials: This segment is involved in producing grey and white cement-based products, ready-mix concrete, and decorative paints. Under the Birla Opus brand, it also provides painting services and operates Birla Pivot, a business-to-business e-commerce platform for building materials.
Financial Services: Grasim's financial offerings include non-banking financial services, housing finance, asset management, and health and life insurance along with advisory services.
Others: This segment covers a range of textile products and the manufacturing of ceramic and composite insulators. Additionally, the company has a notable presence in electricity generation, with a capacity of 894 MW from various renewable sources.
Founded in 1947 and based in Mumbai, India, Grasim Industries boasts a trailing 12-month revenue of Rs. 141,435.2 Crores and shares dividends with a yield of 0.82% per year. In the last year, it returned Rs. 20 dividend per share to its investors.
However, in recent years, the company has diluted its shareholders by 3.4% while experiencing a commendable revenue growth of 53.6% over the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
GRASIM vs Cement (2021 - 2026)
Grasim Industries Ltd reported a net profit of ₹1,037 crore for Q3, up 26.5% year-on-year.
Newspaper Publication • 11 Feb 2026 Intimation under Regulations 33 and 47 of the SEBI (LODR) Regulations, 2015 |
Analyst / Investor Meet • 11 Feb 2026 Audio Recording - Earnings Call |
Investor Presentation • 10 Feb 2026 Presentation on Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2025 |
General • 10 Feb 2026 Grant of Stock Options - Grasim Industries Limited Employee Stock Option and Performance Stock Unit Scheme 2022 |
Monitoring Agency Report • 10 Feb 2026 Monitoring Agency Report for the quarter ended 31st December 2025 |
General • 10 Feb 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question 1: "In light of Rakshit's resignation, what are your thoughts on the succession timeline and growth strategy for Birla Opus?"
Answer 1: "Rakshit's departure is a natural progression in professional growth, but the strong team at Birla Opus remains committed to our vision of achieving number two market position and profitability within three years. We expect continuity in strategy and execution with no alteration to our growth roadmap. Rakshit will be with us until December 5, 2025, ensuring a smooth transition."
Question 2: "With the Kharagpur plant now fully operational, how do you see industry demand shaping up in H2?"
Answer 2: "We are optimistic about a strong Q3, supported by September and October's sales. Our guidance remains a double-digit year-on-year growth. The Kharagpur plant enhances logistics efficiency for Eastern and Central India, aiding in achieving our volume and capacity market share goals."
Question 3: "Regarding B2B e-commerce, do you anticipate surpassing your revenue target of INR 8,500 crores by FY'27?"
Answer 3: "Indeed, we've performed exceptionally well, and there's potential to hit the $1 billion mark sooner. However, we won't revise our guidance yet and will stay focused on our existing trajectory and operational plans to ensure sustained growth."
Question 4: "Can you provide details about the number of dealers and how expanding the network translates to revenue?"
Answer 4: "We've increased our reach from 8,000 to 10,000 towns. Dealer participation has grown significantly since September, despite the seasonal downturn. Primary sales fell slightly due to external factors, but secondary sales indicate strong recovery, showing higher throughput than in previous months."
Question 5: "What is your outlook on the chemicals segment's EBITDA improvement and the impact of new capacities?"
Answer 5: "While EBITDA is currently between INR 350-400 crores, we expect substantial improvement with the commissioning of ECH and CPVC by Q1 FY'27. Increased chlorine derivative capacity and better market dynamics will also enhance margins in the future."
| 2.3% |
| SBI NIFTY 50 ETF | 1.43% |
| GAGANDEEP CREDIT CAPITAL PVT LTD | 1.41% |
| SHAMYAK INVESTMENT PRIVATE LIMITED | 1.4% |
| THELEME MASTER FUND LIMITED | 1.23% |
| NPS TRUST- A/C LIC PENSION FUND SCHEME - STATE GOV | 1.1% |
| SAMYAKTVA CONSTRUCTION LLP | 1.08% |
| Thai Rayon Public Company Limited | 0.7% |
| Anatole Investments Pte Ltd | 0.66% |
| KUMAR MANGALAM BIRLA | 0.26% |
| Qualified institutional Buyer | 0.25% |
| P T Sunrise Bumi Textiles | 0.19% |
| P T Elegant Textile Industry | 0.12% |
| BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE | 0.1% |
Distribution across major stakeholders
Distribution across major institutional holders
| 40.8 kCr |
| -0.90% |
| +6.30% |
| 35.41 |
| 3.23 |
| - |
| - |
| SHREECEM | Shree Cements | 95.04 kCr | 21.09 kCr | -3.00% | -6.70% | 53.03 | 4.51 | - | - |
| ACC | ACC | 31.38 kCr | 25.11 kCr | -2.10% | -13.40% | 11.84 | 1.25 | - | - |
| TATACHEM | Tata Chemicals | 17.8 kCr | 14.97 kCr | -8.40% | -20.50% | 48.62 | 1.19 | - | - |
| BIRLACORPN | Birla Corp | 8.28 kCr | 9.76 kCr | +2.00% | +4.80% | 15.94 | 0.85 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| Total Expenses |
| 9.2% |
| 41,270 |
| 37,796 |
| 36,657 |
| 40,756 |
| 32,724 |
| 31,993 |
| Profit Before exceptional items and Tax | 35% | 3,307 | 2,449 | 3,803 | 3,895 | 2,438 | 1,965 |
| Exceptional items before tax | - | -199.93 | 0 | -38.38 | -67.32 | 0 | -83.45 |
| Total profit before tax | 26.9% | 3,107 | 2,449 | 3,765 | 3,828 | 2,438 | 1,882 |
| Current tax | 7.7% | 766 | 711 | 1,039 | 851 | 545 | 474 |
| Deferred tax | -83% | 52 | 301 | 27 | 172 | 59 | 394 |
| Total tax | -19.2% | 818 | 1,012 | 1,066 | 1,023 | 604 | 867 |
| Total profit (loss) for period | 49.1% | 2,233 | 1,498 | 2,767 | 2,973 | 1,844 | 1,100 |
| Other comp. income net of taxes | 79.7% | 1,498 | 834 | 201 | 223 | -2,476.75 | -792.16 |
| Total Comprehensive Income | 60% | 3,731 | 2,332 | 2,968 | 3,196 | -632.46 | 308 |
| Earnings Per Share, Basic | 99.4% | 15.28 | 8.16 | 20.91 | 22.22 | 13.47 | 5.86 |
| Earnings Per Share, Diluted | 99.4% | 15.26 | 8.15 | 20.88 | 22.19 | 13.38 | 5.84 |
| Debt equity ratio | 0% | 0.0126 | 0.0125 | 0.0118 | 0.0116 | 0.0115 | 0.01 |
| Debt service coverage ratio | 1.2% | 0.0389 | 0.0277 | 0.0476 | 0.0395 | 0.0315 | 0.04 |
| Interest service coverage ratio | 0.7% | 0.0529 | 0.0462 | 0.0603 | 0.058 | 0.0457 | 0.05 |
| 23.7% |
| 2,653 |
| 2,145 |
| 2,023 |
| 1,774 |
| 1,391 |
| 1,620 |
| Finance costs | 55.6% | 684 | 440 | 368 | 247 | 236 | 304 |
| Depreciation and Amortization | 38% | 1,676 | 1,215 | 1,097 | 914 | 828 | 847 |
| Other expenses | 22% | 9,588 | 7,859 | 8,737 | 6,458 | 3,885 | 5,485 |
| Total Expenses | 30.2% | 32,782 | 25,187 | 25,125 | 18,802 | 11,886 | 17,449 |
| Profit Before exceptional items and Tax | -74.1% | 497 | 1,917 | 2,733 | 2,950 | 1,014 | 1,685 |
| Exceptional items before tax | 77% | -163.98 | -715.6 | -88.03 | -69.11 | -80.99 | -294.08 |
| Total profit before tax | -72.4% | 333 | 1,202 | 2,645 | 2,881 | 933 | 1,391 |
| Current tax | -101.4% | 0 | 75 | 434 | 114 | 127 | 270 |
| Deferred tax | -33.3% | 121 | 181 | 88 | 72 | -4.2 | -148.49 |
| Total tax | -52.9% | 121 | 256 | 522 | 186 | 122 | 121 |
| Total profit (loss) for period | -77.6% | 212 | 945 | 2,124 | 3,051 | 905 | 1,270 |
| Other comp. income net of taxes | -106.8% | -263.55 | 3,896 | -3,074.01 | 3,219 | 4,589 | -5,069.64 |
| Total Comprehensive Income | -101.1% | -51.45 | 4,842 | -950.28 | 6,270 | 5,494 | -3,799.69 |
| Earnings Per Share, Basic | -83.7% | 3.18 | 14.34 | 32.34 | 46.47 | 13.78 | 19.35 |
| Earnings Per Share, Diluted | -83.6% | 3.18 | 14.31 | 32.31 | 46.4 | 13.77 | 19.34 |
| Debt equity ratio | 0% | 02 | 018 | 011 | 008 | 01 | 013 |
| Debt service coverage ratio | -1.1% | 0.0122 | 0.0234 | 0.0243 | 0.0847 | 0.0452 | 0.039 |
| Interest service coverage ratio | -2.3% | 0.0318 | 0.0535 | 0.0915 | 0.1224 | 0.0667 | - |
| -0.8% |
| 21,443 |
| 21,626 |
| 18,597 |
| 15,439 |
| 14,571 |
| 14,635 |
| Capital work-in-progress | 12.3% | 3,116 | 2,776 | 5,100 | 7,116 | 5,555 | 2,919 |
| Goodwill | 0% | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 |
| Non-current investments | 6.7% | 13,582 | 12,734 | 38,394 | 13,123 | 11,232 | 8,541 |
| Loans, non-current | -5.8% | 7.71 | 8.12 | 11 | 91 | 99 | 100 |
| Total non-current financial assets | 5.8% | 13,966 | 13,201 | 38,742 | 13,558 | 11,662 | 8,981 |
| Total non-current assets | 1.9% | 64,464 | 63,277 | 64,788 | 61,537 | 57,596 | 51,458 |
| Total assets | 2.9% | 80,251 | 77,981 | 79,264 | 74,138 | 68,660 | 62,177 |
| Borrowings, non-current | 11.3% | 9,666 | 8,686 | 8,041 | 7,392 | 6,151 | 4,273 |
| Total non-current financial liabilities | 11.5% | 10,463 | 9,387 | 8,439 | 7,627 | 6,270 | 4,358 |
| Provisions, non-current | 0% | 80 | 80 | 76 | 74 | 67 | 64 |
| Total non-current liabilities | 12.4% | 13,322 | 11,852 | 11,382 | 10,013 | 8,295 | 5,964 |
| Borrowings, current | 2.5% | 2,497 | 2,436 | 2,138 | 2,061 | 1,928 | 981 |
| Total current financial liabilities | 0.7% | 9,441 | 9,380 | 10,364 | 9,626 | 8,397 | 7,333 |
| Provisions, current | -7.3% | 653 | 704 | 740 | 764 | 353 | 322 |
| Current tax liabilities | 3.9% | 767 | 738 | 707 | 648 | 635 | 614 |
| Total current liabilities | 1.6% | 11,914 | 11,731 | 12,879 | 12,010 | 10,567 | 9,258 |
| Total liabilities | 7% | 25,236 | 23,583 | 24,261 | 22,023 | 18,863 | 15,222 |
| Equity share capital | 0% | 136 | 136 | 134 | 133 | 132 | 132 |
| Total equity | 1.1% | 55,015 | 54,398 | 55,003 | 52,115 | 49,798 | 46,955 |
| Total equity and liabilities | 2.9% | 80,251 | 77,981 | 79,264 | 74,138 | 68,660 | 62,177 |
| 55.6% |
| 57 |
| 37 |
| 38 |
| 35 |
| - |
| - |
| Net Cashflows from Operations | -119.8% | -362.03 | 1,835 | 2,726 | 3,306 | - | - |
| Income taxes paid (refund) | -702.9% | -336.6 | 57 | 407 | 650 | - | - |
| Net Cashflows From Operating Activities | -101.5% | -25.43 | 1,778 | 2,319 | 2,656 | - | - |
| Cashflows used in obtaining control of subsidiaries | -78.3% | 250 | 1,148 | 0 | 0 | - | - |
| Proceeds from sales of PPE | -72.3% | 8.21 | 27 | 11 | 6.55 | - | - |
| Purchase of property, plant and equipment | -30.6% | 3,835 | 5,526 | 4,022 | 2,538 | - | - |
| Purchase of other long-term assets | - | 51 | 0 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | 20.9% | 186 | 154 | 104 | 15 | - | - |
| Dividends received | 81.4% | 1,189 | 656 | 669 | 643 | - | - |
| Interest received | -74.5% | 27 | 103 | 41 | 20 | - | - |
| Other inflows (outflows) of cash | 92.3% | 376 | 196 | -285.25 | -1,490.08 | - | - |
| Net Cashflows From Investing Activities | 48.4% | -2,883.41 | -5,586.25 | -2,190.23 | -1,896.17 | - | - |
| Proceeds from issuing shares | 204.1% | 2,990 | 984 | 0 | 0 | - | - |
| Payments to acquire or redeem entity's shares | 23.2% | 86 | 70 | 108 | 62 | - | - |
| Proceeds from exercise of stock options | 78.3% | 42 | 24 | 18 | 19 | - | - |
| Proceeds from borrowings | 5.4% | 5,241 | 4,971 | 2,194 | 1,000 | - | - |
| Repayments of borrowings | 365% | 3,572 | 769 | 1,056 | 1,038 | - | - |
| Payments of lease liabilities | 208.5% | 146 | 48 | 0 | 20 | - | - |
| Dividends paid | 1.5% | 668 | 658 | 657 | 592 | - | - |
| Interest paid | 52.4% | 905 | 594 | 339 | 263 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | -183.4 | 183 | - | - |
| Net Cashflows from Financing Activities | -24.6% | 2,896 | 3,840 | -164.81 | -776.6 | - | - |
| Net change in cash and cash eq. | -145% | -12.95 | 32 | -36.21 | -16.53 | - | - |
Press Release / Media Release • 10 Feb 2026 Press Release on the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2025 |
Analysis of Grasim Industries's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Building Material | 56.2% | 25.2 kCr |
| Financial Services | 26.7% | 11.9 kCr |
| Cellulosic Fibres | 9.6% | 4.3 kCr |
| Chemicals | 5.2% | 2.3 kCr |
| Others | 2.3% | 1 kCr |
| Total | 44.8 kCr |