Grasim Industries

₹1720.6 8.4 | 0.5%

WEBSITE BSE:500300 NSE : GRASIM IND. 09 Jun, 13:59

Market Cap ₹113290 Cr.

Stock P/E 16.6

P/B 1.4

Current Price ₹1720.6

Book Value ₹ 1195.9

Face Value 2

52W High ₹1839.3

Dividend Yield 0.58%

52W Low ₹ 1276.9

Edit Ratio

Grasim Industries Research see more...

Overview Inc. Year: 1947Industry: Diversified

Grasim Industries Ltd is an India-based company. The company is producer of viscose staple fiber, chlor-alkali, linen, insulators, textiles, chemical substances, viscose filament yarn (VFY), and fertilizers.

Grasim Industries Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Grasim Industries Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	20986	24399	19919	22564	24402	28811	28042	27486	28638	33462
Other Income	330	131	270	253	122	180	168	252	2972	220
Total Income	21317	24530	20189	22818	24524	28991	28210	27738	31609	33682
Total Expenditure	15907	18501	14596	17671	19539	23470	22059	22894	23754	27332
Operating Profit	5410	6029	5593	5146	4985	5521	6151	4843	7856	6351
Interest	1365	1343	1266	1176	1138	1188	1246	1373	1608	1816
Depreciation	1007	1043	991	1017	1026	1128	1089	1116	1139	1207
Exceptional Income / Expenses	0	-62	0	0	0	-69	0	-88	0	0
Profit Before Tax	3038	3580	3336	2954	2821	3136	3816	2266	5108	3328
Provision for Tax	977	1064	1060	1065	275	-464	1110	847	632	1059
Profit After Tax	2061	2516	2276	1889	2546	3600	2705	1419	4476	2268
Adjustments	-677	-801	-608	-530	-800	-823	-772	-410	-1960	-900
Profit After Adjustments	1384	1715	1667	1359	1746	2777	1933	1009	2516	1369
Adjusted Earnings Per Share	21	26.1	25.3	20.7	26.5	42.2	29.4	15.3	38.2	20.8

Grasim Industries Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	25245	27909	29323	32838	34487	36068	55932	77209	75269	76404	95701	117628
Other Income	742	620	576	539	662	948	861	829	969	1058	821	3612
Total Income	25986	28529	29900	33377	35149	37016	56792	78038	76238	77462	96522	121239
Total Expenditure	19666	21986	24409	27694	28083	28683	43610	60584	58008	57769	75270	96039
Operating Profit	6321	6543	5491	5683	7066	8333	13183	17454	18230	19693	21253	25201
Interest	314	324	447	667	718	702	3663	6060	6890	5736	4776	6043
Depreciation	1154	1252	1457	1563	1834	1808	2724	3571	4004	4033	4161	4551
Exceptional Income / Expenses	0	204	0	-9	-28	0	-433	-2688	-1406	-342	-69	-88
Profit Before Tax	4852	5171	3586	3443	4679	5952	5635	5163	6492	9771	12627	14518
Provision for Tax	1321	1467	735	1016	1225	1707	1947	2419	-84	3022	1936	3648
Profit After Tax	3531	3704	2851	2427	3455	4246	3688	2745	6576	6749	10691	10868
Adjustments	-884	-1000	-780	-684	-987	-1078	-1009	-1052	-2164	-2444	-3141	-4042
Profit After Adjustments	2647	2704	2072	1744	2468	3167	2679	1693	4412	4305	7550	6827
Adjusted Earnings Per Share	57.7	58.9	45.1	38	52.9	67.8	40.7	25.7	67.1	65.4	114.7	103.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	7%	22%	14%
Operating Profit CAGR	8%	7%	21%	13%
PAT CAGR	58%	57%	20%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	31%	41%	10%	12%
ROE Average	15%	13%	10%	13%
ROCE Average	12%	11%	10%	14%

Grasim Industries Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	17069	19657	21614	23140	27429	31387	57362	58020	56632	65494	75698
Minority's Interest	5233	6221	6936	7682	8729	9702	26337	30503	34305	37068	40476
Borrowings	5725	6653	7612	6384	5544	6769	40793	56686	58738	52488	46546
Other Non-Current Liabilities	2168	2506	3024	3707	3411	3895	40885	47153	47888	59791	68544
Total Current Liabilities	6336	9086	8550	13120	14463	10995	42522	48276	46380	51922	57884
Total Liabilities	36531	44123	47736	54033	59576	62747	207899	241127	244181	267349	289149
Fixed Assets	17549	20561	25209	31828	34271	34786	69257	87113	87720	85008	88981
Other Non-Current Assets	7446	10841	8565	9021	10229	9502	98332	104133	104408	122066	143400
Total Current Assets	11535	12721	13962	13175	15058	18451	40263	48786	51445	57956	56758
Total Assets	36531	44123	47736	54033	59576	62747	207899	241127	244181	267349	289149

Grasim Industries Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	285	327	229	199	125	113	94	937	1225	5146	5480
Cash Flow from Operating Activities	4295	4242	3549	4594	5868	7288	-4140	-1659	16803	15075	7038
Cash Flow from Investing Activities	-3629	-5725	-2389	-2370	-4573	-3488	510	-2271	-11548	-9229	-3543
Cash Flow from Financing Activities	-679	1348	-1046	-2278	-1365	-3799	3449	4158	-3418	-8003	-6733
Net Cash Inflow / Outflow	-12	-136	114	-54	-69	2	-181	228	1838	-2158	-3239
Closing Cash & Cash Equivalent	327	229	397	157	113	94	949	1224	3063	2989	2241

Grasim Industries Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	57.74	58.93	45.12	37.97	52.88	67.84	40.75	25.75	67.07	65.42	114.69
CEPS(Rs)	102.19	108	93.85	86.89	113.31	129.66	97.54	96.05	160.84	163.86	225.61
DPS(Rs)	4.5	4.5	4.2	3.6	4.5	5.5	6.2	7	4	9	10
Book NAV/Share(Rs)	370.96	427.17	469.53	502.15	586.75	671.42	870.73	878.83	856.93	991.1	1145.32
Core EBITDA Margin(%)	19.99	19.06	15.1	14.11	16.62	18.35	20.31	20.35	20.99	22.35	19.73
EBIT Margin(%)	18.51	17.69	12.39	11.27	14.01	16.53	15.32	13.73	16.28	18.6	16.81
Pre Tax Margin(%)	17.38	16.64	11.02	9.44	12.14	14.79	9.29	6.32	7.9	11.72	12.2
PAT Margin (%)	12.65	11.92	8.76	6.66	8.97	10.55	6.08	3.36	8	8.1	10.33
Cash Profit Margin (%)	16.79	15.95	13.24	10.94	13.72	15.04	10.57	7.73	12.87	12.93	14.35
ROA(%)	10.3	9.19	6.21	4.77	6.08	6.94	2.73	1.22	2.71	2.64	3.84
ROE(%)	22.4	20.23	13.85	10.88	13.7	14.46	8.33	4.77	11.52	11.1	15.21
ROCE(%)	22.73	20.62	13.33	12.39	14.39	16.53	11.27	8.41	9.48	10.97	11.93
Receivable days	20.53	22.93	26.27	25.81	26.76	27.26	24.7	26.56	27.71	22.18	17.22
Inventory Days	37.87	40.01	44.85	45.26	42.33	38	30.35	28.85	30.85	28.54	27.73
Payable days	158.6	159.5	148.56	121.32	96.25	104.85	116.9	119.29	156.32	194.87	186.46
PER(x)	9.11	9.54	12.8	19.08	14.53	15.47	25.87	33.33	7.09	22.2	14.52
Price/Book(x)	1.42	1.32	1.23	1.44	1.31	1.56	1.21	0.98	0.55	1.47	1.45
Dividend Yield(%)	0.86	0.8	0.73	0.5	0.59	0.52	0.59	0.82	0.84	0.62	0.6
EV/Net Sales(x)	1.22	1.26	1.22	1.36	1.34	1.55	2.41	1.8	1.47	2.19	1.88
EV/Core EBITDA(x)	4.88	5.37	6.52	7.89	6.52	6.71	10.24	7.96	6.07	8.51	8.45
Net Sales Growth(%)	17.14	10.55	5.07	11.99	5.02	4.58	55.07	38.04	-2.51	1.51	25.26
EBIT Growth(%)	21.38	6.37	-26.6	1.91	31.3	23.29	39.72	20.71	19.23	15.88	12.22
PAT Growth(%)	21.98	4.89	-23.02	-14.87	42.32	22.89	-13.14	-25.57	139.58	2.64	58.4
EPS Growth(%)	16.15	2.07	-23.44	-15.85	39.28	28.3	-39.94	-36.82	160.51	-2.46	75.31
Debt/Equity(x)	0.41	0.49	0.45	0.52	0.46	0.29	1.17	1.46	1.48	1.19	0.97
Current Ratio(x)	1.82	1.4	1.63	1	1.04	1.68	0.95	1.01	1.11	1.12	0.98
Quick Ratio(x)	1.34	0.99	1.14	0.64	0.75	1.29	0.81	0.87	0.96	1	0.82
Interest Cover(x)	16.45	16.95	9.02	6.16	7.52	9.47	2.54	1.85	1.94	2.7	3.64
Total Debt/Mcap(x)	0.29	0.37	0.37	0.36	0.35	0.19	0.97	1.5	2.66	0.81	0.67

Grasim Industries Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	41.42	41.83	42.09	42.26	42.54	42.76	42.76	42.75	42.75	42.75
FII	12.96	14.44	15.1	14.96	12.81	12.71	11.49	12.03	12.58	12.45
DII	18.42	16.8	15.99	15.29	14.72	14.43	15.35	16.87	16.49	16.82
Public	25.31	25.09	25	25.59	26.06	26.24	26.52	24.47	24.3	24.1
Others	1.88	1.83	1.81	1.9	3.87	3.86	3.88	3.88	3.88	3.88
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	27.25	27.53	27.7	27.81	28	28.15	28.15	28.15	28.15	28.15
FII	8.53	9.5	9.94	9.85	8.43	8.37	7.56	7.92	8.29	8.2
DII	12.12	11.06	10.52	10.07	9.69	9.5	10.11	11.11	10.86	11.08
Public	16.65	16.51	16.45	16.84	17.15	17.27	17.46	16.11	16	15.87
Others	1.24	1.21	1.19	1.25	2.55	2.54	2.55	2.55	2.55	2.55
Total	65.8	65.8	65.81	65.82	65.83	65.83	65.83	65.84	65.84	65.84

Pros

Debtor days have improved from 194.87 to 186.46days.
Company has reduced debt.

Cons

Promoter holding is low: 42.75%.
Company has a low return on equity of 13% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.