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Grasim Industries Ltd

Updated on October 15, 2020

Stock/Share Code - GRASIM

Grasim Industries is engaged primarily in Viscose (Pulp, Fibre and Yarn), Chemicals (Caustic Soda, Epoxy and allied Chemicals) and others (Insulators, Textiles, Fertilisers and Solar Power Designing, Engineering Procurement and Commissioning).(Source : 201903 Annual Report Page No: 164)

Below is the details of GRASIM Grasim Industries Ltd

Market Cap₹44,400 Cr.
Current Price ₹791.75 as on 21 Oct 20
52 Week High / Low Price₹836.9 / ₹380
Face Value₹2
Stock P/E51.58
Book Value₹572.62
Dividend Yield0.59 %
ROCE4.43 %
ROE3.70 %
Sales Growth (3yrs)21.62 %
SectorTextiles
IndustryTextiles - Manmade
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Stock is trading at 1.18 times its book value Company has been maintaining a healthy dividend payout of 44.37%
Cons: Tax rate seems low Company has a low return on equity of 3.98% for last 3 years. Earnings include an other income of Rs.495.44 Cr.

Grasim Industries Ltd Price Chart

Grasim Industries Ltd Price Chart

Grasim Industries Ltd Peer Comparison in Textiles

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Grasim Inds 51.58 ₹44,400.29 Cr. 0.59 -₹269.09 Cr. -157.80 -61.13 1943.62 4.43
2. SRF ₹4,438.65 23.14 ₹23,302.02 Cr. 0.35 ₹177.09 Cr. -6.41 -12.37 1545.15 14.25
3. Filatex India ₹25.05 8.43 ₹619.39 Cr. 0.00 -₹27.98 Cr. -239.69 -79.19 145.01 15.65
4. Indo Rama Synth. ₹21.55 ₹510.48 Cr. 0.00 -₹77.62 Cr. -119.67 -77.76 118.61 -11.56
5. Century Enka ₹168.6 7.11 ₹371.01 Cr. 4.71 -₹24.9 Cr. -234.74 -72.71 102.42 8.11
6. Vardhman Acrylic ₹29.45 7.99 ₹239.48 Cr. 7.81 ₹0.51 Cr. -96.96 -62.66 33.97 13.93
7. Indian Acrylics ₹60.35 9.98 ₹106.9 Cr. 0.00 ₹3.44 Cr. -26.96 -32.34 167.40 14.55
8. Pasupati Acrylon 6.31 ₹82.36 Cr. 0.00 ₹0.95 Cr. -84.11 -16.10 178.82 13.30

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Grasim Industries Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -4,0594,3774,6124,7895,1185,2915,3525,0014,7974,4994,3121,944
YOY Sales Growth %61%73%60%75%26%21%16%4%-6%-15%-19%-61%
Expenses -3,2683,4943,7613,7104,0404,2754,5044,1574,1384,0853,9362,089
Material Cost %47%47%46%45%46%47%50%48%49%51%49%53%
Employee Cost %7%7%7%7%7%7%8%8%8%9%10%16%
Operating Profit7918828511,0791,0781,016848844659413376-145
OPM %19%20%18%23%21%19%16%17%14%9%9%-7%
Other Income20937-12397-2,0099567-205286719741
Interest433049595241477886677278
Depreciation166166185183187193197203209212223213
Profit before tax791725494934-1,171877671357651205179-395
Tax %27%35%24%31%-1%31%33%44%19%10%-100%32%
Net Profit574474373643-1,187608451202526185357-269
EPS in Rs8.977.215.689.77-18.059.256.883.078.022.815.44-4.10
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -10,7858,1324,6404,9745,2555,5676,3008,96910,34615,78620,55018,60915,552
Sales Growth %5.69%-24.60%-42.94%7.19%5.66%5.94%13.16%42.37%15.35%52.58%30.18%-9.45%
Expenses -8,2915,5353,1213,7154,1674,7065,6617,5068,19112,71116,50916,33814,248
Material Cost %28.91%27.18%41.72%45.57%48.67%53.41%56.80%49.32%46.74%46.31%47.23%49.40%
Manufacturing Cost %25.33%20.91%14.38%17.71%18.16%19.55%20.90%20.88%20.12%21.03%20.12%22.28%
Employee Cost %5.68%6.10%6.61%6.89%7.29%6.97%7.73%6.97%6.67%7.34%7.60%8.91%
Other Cost %16.96%13.88%4.56%4.53%5.17%4.60%4.43%6.51%5.64%5.85%5.38%7.20%
Operating Profit2,4942,5961,5191,2581,0888616391,4632,1553,0754,0412,2711,304
OPM %23%32%33%25%21%15%10%16%21%19%20%12%8%
Other Income350712298463639385348358474194-1,770271495
Interest140120463639423914758128199304304
Depreciation457351176144159220263445446628760847856
Profit before tax2,2482,8361,5951,5421,5299856851,2302,1252,5131,3121,391639
Tax %27%26%26%24%20%9%23%21%27%30%61%9%
Net Profit1,6482,0921,1821,1771,2268965309711,5601,7695151,270799
EPS in Rs35.0444.8925.4825.4126.5019.3611.4620.8033.4226.907.8419.3012.17
Dividend Payout %17%13%16%18%17%22%31%22%16%23%89%21%

Compounded Sales Growth

  • 10 Years:: 8.63%
  • 5 Years:: 24.19%
  • 3 Years:: 21.62%
  • TTM:: -25.09%

Compounded Profit Growth

  • 10 Years:: -1.74%
  • 5 Years:: 24.99%
  • 3 Years:: -1.55%
  • TTM:: -62.84%

Return on Equity

  • 10 Years:: 7.23%
  • 5 Years:: 4.20%
  • 3 Years:: -16.77%
  • 1 Year:: -5.07%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -929292929292929393131132132
Equity Capital929292929292929393131132132
Reserves9,3757,0448,0429,00810,03010,73611,09113,77816,13844,65841,82837,542
Borrowings3,3951,0388147201,2841,3021,1151,8397012,9693,3115,134
Other Liabilities -3,1531,1451,0591,2171,6601,7482,0672,0852,9195,9596,5246,687
Trade Payables1,0112012242953464514845931,1142,2532,1712,144
Advance from Customers0002934302833568600
Other liability items2,1429438368931,2811,2661,5551,4591,7493,6194,3534,543
Total Liabilities16,0159,31810,00711,03613,06613,87814,36517,79619,85153,71851,79449,495
Fixed Assets -7,0891,7861,5421,5492,0723,5485,1886,9636,88710,81711,23212,083
Gross Block11,0623,1022,9843,1163,7635,4487,3347,7958,15512,72913,83215,398
Accumulated Depreciation3,9731,3161,4421,5671,6911,9002,1468321,2681,9122,6003,314
CWIP1,21943574772,4251,8074503183757451,5672,792
Investments4,6096,3256,9106,8306,2245,6045,3507,1008,99635,54731,12827,676
Other Assets -3,0981,1641,4982,1812,3452,9193,3773,4163,5926,6097,8676,943
Inventories1,3784174226317891,2121,4331,6051,7332,5922,9322,626
Trade receivables5603454565095056146879921,1902,6093,4922,905
Cash Equivalents1131615111626533553424279
Loans n Advances1,0993984744276056017551,0718721,3461,1201,116
Other asset items-52-12132603429465448-288-25521282217
Total Assets16,0159,31810,00711,03613,06613,87814,36517,79619,85153,71851,79449,495

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -2,1092,0211,007788854624481,3412,2592,3532,5563,518
Profit from operations2,6492,7721,5481,3131,1289367111,6052,2003,1564,1412,448
Receivables116-112-159-89-164-267-75-179-202-184-1,007619
Inventory-400-132-4-209-158-423-221-16-127-100-340305
Payables813245140265519767598251240341
Loans Advances000000-3600000
Other WC items000000018512-2473320
Working capital changes-203-212-119-158-58-685-13457280-280-1,0731,285
Direct taxes-337-540-422-367-217-188-129-321-221-523-512-215
Cash from Investing Activity --1,786-1,448-433-463-1,15722127-697-844-1,910-2,263-4,496
Fixed assets purchased-1,666-721-183-1,018-2,398-912-475-645-432-1,069-2,044-2,716
Fixed assets sold241,041227682751117612
Investments purchased-307-1,419-5630000-352-767-198-270-1,081
Investments sold541005901,146779393300131225
Interest received51223237312221521195810339
Dividends received101155198213216186183179202227238219
Invest in subsidiaries-191-2570-000000000
Loans to subsidiaries0-130-7200000-55-73-168
Investment in group cos-60-50-18-353-187-54-65-4-1-140-311-939
Shares acq cancelled0000000059102113152
Inter corporate deposits00-148706194-303000-320
Other investing items208-21622005-59-34-865-114-20
Cash from Financing Activity --337-670-575-328309-274-448-663-1,404-451-2991,009
Proceeds from shares0222108453299
Proceeds from borrowings7802020170660194360127127372,176
Repayment of borrowings-587-426-224-264-89-176-224-327-1,144-618-387-429
Interest paid fin-215-132-45-39-54-84-65-158-60-142-205-210
Dividends paid-274-274-274-183-206-206-193-177-204-366-405-460
Financial liabilities00000000000-22
Other financing items-41-41-34-14-12-10-7-6-11-40-48-56
Net Cash Flow-14-97-1-451027-1912-9-731

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Ratios

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %20%25%19%15%11%8%5%10%13%9%8%4%
Debtor Days191536373540404042606257
Inventory Turnover4.283.765.805.594.613.793.493.843.794.444.614.39

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