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Grasim Industries Ltd . Large Cap

BSE: 500300 | NSE: GRASIM
Textiles
Live
20/04/2021 4:00:00 PM
1291.30 -33.95   (-2.56%)
BSE: price shown with 5 mins delayed.
Prev. Close 1325.25
Open Price 1340.25
Volume Traded 92733.00

Fundamentals

Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 311.33 379.88 397.95 305.13 260.58 370.04 90.94 56.09 41.74 101.5
Net Sales (Rs. Cr.) 21550.23 25244.89 27909.34 29323.34 32838.36 34487.47 36068.4 55893.5 77200.25 77625.1
Adjusted Net Profit 2850.93 3233.7 3279.96 2610.01 2218.53 3111.13 4181.46 3891.86 4088.77 7662.61
Book Value/ Share(Rs.) 1585.13 1856.58 2137.05 2348.89 2512.58 2938.02 672.25 872.51 882.18 861.13
Cash Flow 47.54 42.06 -97.42 167.51 -42.49 -11.36 -19.51 855.50 287.04 1849.11
Debt to Cash Flow from Operations 1.91 1.62 2.25 2.73 2.60 2.13 1.27 -16.19 -50.90 5.08
RONW 16.48 17.16 13.63 10.99 9.91 13.66 14.44 8.31 7.09 13.36
ROCE % 17.83 18.65 15.01 10.91 11.11 14.26 16.37 9.27 8.08 8.22
Net Operating Profit Margin % 20.91 21.52 18.73 14.36 12.65 16.90 19.28 14.66 14.61 15.44
Net Profit Margin % 12.14 12.65 10.56 8.02 6.08 8.97 10.55 6.47 5.30 9.87
Debt / Equity 0.35 0.34 0.34 0.40 0.48 0.48 0.37 0.86 1.31 1.47
Dividend Yield % 0.81 0.86 0.80 0.73 0.50 0.59 0.36 0.70 1.16 0.30
Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 127.38 127.03 132.51 96.75 57.31 103.97 33.42 26.9 7.84 19.3
Net Sales (Rs. Cr.) 4640.06 4973.56 5255.01 5603.5 6332.58 8969.24 10345.65 15785.81 20550.43 18609.4
Adjusted Net Profit 1154.90 1056.88 956.63 822.22 483.58 954.10 1545.61 1952.14 1100.62 1475.00
Book Value/ Share(Rs.) 886.99 992.19 1102.84 1179.09 1217.39 1485.85 347.67 681.32 638.02 572.68
Cash Flow -1.27 -3.63 5.25 10.03 26.89 -19.49 11.53 -8.52 -6.53 31.47
Debt to Cash Flow from Operations 0.81 0.91 1.50 20.91 2.49 1.37 0.31 1.26 1.30 1.46
RONW 0.00 0.00 9.95 7.85 4.39 7.75 10.36 6.40 2.54 3.70
ROCE % 19.10 15.06 11.37 7.80 5.28 9.77 13.32 8.99 8.26 4.41
Net Operating Profit Margin % 35.32 28.53 23.24 18.05 12.63 17.12 22.85 21.28 21.46 13.39
Net Profit Margin % 23.57 19.73 16.68 13.48 7.01 9.93 13.86 12.18 5.36 7.93
Debt / Equity 0.12 0.09 0.10 0.12 0.11 0.12 0.08 0.06 0.07 0.11
Dividend Yield % 0.81 0.86 0.80 0.73 0.50 0.59 0.36 0.70 1.18 0.30

Year on Year Growth Rate (%)

Ajusted EPS Sales Adjusted Net Profit

Latest Financials

Standalone Consolidated
TTM EPS (Rs) 13.07 69.35
TTM Sales (Rs. Cr.) 14189.89 71117.87
BVPS (Rs.) 609.31 915.62
Reserves (Rs. Cr.) 39963.76 60120.39
P/BV 2.12 1.41
PE 101.40 19.10959
From the Market
52 Week High / Low (Rs) 1472.4/469.3
All Time High / Low (Rs) 1299.9/7.62
Volume Traded 92733
Market Cap (Rs. Cr.) 87207.39
Equity (Rs. Cr.) 131.6089688
Face Value (Rs) 2
Industry PE 0

Quarterly Results

Dec'2019 Mar'2020 Jun'2020 Sep'2020
Net Sales (Cr) 4498.89 4312.50 1940.26 3438.24
Adjusted EPS (Rs) 2.94 5.35 -3.21 5.47
Net Profit Margin % 4.30 8.16 -10.89 10.48
Dec'2019 Mar'2020 Jun'2020 Sep'2020
Net Sales (Cr) 19205.05 19901.54 13611.03 18400.25
Adjusted EPS (Rs) 10.45 24.72 5.69 15.55
Net Profit Margin % 3.58 8.17 2.75 5.56

Quarterly Growth Rate (%)

Ajusted EPS Sales Net Profit Margin

Peers Data

Name Current Price(Rs) Market Cap. (Rs. cr.) Net Profit(Rs. cr.) Sales Growth(%)
Blue Blends (India) Ltd 0 2.1 -14.31 -70.99
Sintex Industries Ltd 3.42 196.54 -1249.98 -39.84
Bombay Dyeing & Manufacturing Company Ltd 65.95 1354.87 327.87 -63.35
Arvind Ltd 60.65 1535.42 171.38 -54.74
Garware Technical Fibres Ltd 2605.45 5485.95 0 -24.62
Grasim Industries Ltd 1291.3 87207.39 1269.95 -71.09

Technical

Sector

19973.18 175.47   (0.89%)

Index

47705.80 -243.62   (-0.51%)
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News

2021/04/06 09:19

Grasim Industries allots NCDs aggregating Rs 1000 cr On private placement basis

Grasim Industries has allotted 10,000 Fully Paid-up Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs. 10 Lakh each for cash at par for an aggregate amount of Rs 1000 crore on private placement basis on 05 April 2021.

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2021/03/24 10:36

Board of Grasim Industries approves fund raising via debt route At meeting held on 24 March 2021

The Board of Grasim Industries at its meeting held on 24 March 2021 has approved raising of funds by availing term loans (in INR or foreign currency) or by issue of debt securities including but not limited to the issuance of foreign currency denominated bonds or debentures (in INR or foreign currency) or any other securities (�Securities�) which may be issued in one or more tranches, in India or overseas, within the overall borrowing limit of Rs. 10,000 crore (previously approved Rs. 7,000 crore), on a private placement basis or otherwise.

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2021/03/22 10:40

Board of Grasim Industries to consider fund raising via debt issue On 24 March 2021

The Board of Grasim Industries will meet on 24 March 2021 to consider raising or borrowing monies by issue of debt instruments or securities including but not limited to issuance of rupee denominated or foreign currency denominated debt instruments/ bonds, in India or overseas, which may be issued in one or more tranches, on a private placement basis or such other methods or combinations thereof as may be decided by the Board, and that may be listed in any one or more stock exchanges in India or overseas.

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2021/03/22 10:53

Grasim Industries schedules board meeting On 24 March 2021

Grasim Industries will hold a meeting of the Board of Directors of the Company on 24 March 2021..

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About Company

Grasim Industries Ltd, a flagship company of the Aditya Birla Group, ranks among India's largest private sector companies. It is a leading global player in viscose staple fibre (VSF), the largest chemicals (Chlor-Alkalis), largest cement producer and diversified financial services (NBFC, Asset Management and Life Insurance) player in India. The chemical business was set up given it's a critical input for manufacturing VSF, and to achieve backward integration. Grasim is the largest Caustic Soda producer in India with a capacity of 840 KTPA. Grasim's subsidiary UltraTech Cement Limited is a leading global cement manufacturer with a capacity of 93 MTPA in India (includes 4 MTPA overseas).The company has four segments: Fibre and Pulp, Chemicals, Cement and Textiles. Fibre and Pulp segment includes Viscose Staple Fibre and Rayon Grade Pulp. Chemicals include Caustic Soda and Allied Chemicals. In cement, Grasim through their subsidiary UltraTech Cement Ltd (UltraTech), has a capacity of 93 million tonnes per annum (MTPA) of grey cement. The cement segment includes Grey cement, Ready-mix concrete and White cement. Textile segment includes yarn. Their textile subsidiary is Grasim Bhiwani Textiles Ltd. The company's other subsidiaries include Sun God Trading and Investments Ltd, Harish Cement Ltd and Dakshin Cements Ltd.The company is India's pioneer in viscose staple fibre (VSF), a man-made, biodegradable fibre with characteristics akin to cotton. The company's VSF plants are located at Nagda in Madhya Pradesh, Kharach in Gujarat and Harihar in Karnataka. The company is a global leader in viscose staple fibre (VSF), with 9% global share. Grasim has presence in the financial services business through its holding in Aditya Birla Capital Limited (ABCL). As on 31 December 2017, Grasim's direct holding in ABCL stood at 55.99%. ABCL is the holding company for all the financial service businesses of the Aditya Birla Group. ABCL has a strong presence across life insurance, asset management, private equity, corporate lending, structured finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance businesses. Grasim directly held 23.14% stake in Idea Cellular Limited (Idea) as on 23 February 2018. Idea is the third largest wireless operator in India with a Revenue Market Share (RMS) of 18.8% (Q4 FY 2017).Grasim Industries Ltd was incorporated on August 25, 1947. In the year 1950, the company started production of fabrics at Gwalior with imported man-made rayon. In the year 1954, they commenced VSF production at Nagda in Madhya Pradesh. In the year 1962, they set up of Engineering Division for plant and machinery for VSF. In the year 1963, they started composite textile mill at Bhiwani in Haryana. In the year 1968, they commenced Rayon production at Mavoor, Kerala.In the year 1972, the company commenced production of rayon grade caustic soda for VSF production at Nagada. In the year 1977, the company started production at their third rayon plant at Harihar in Karnataka. In the year 1985, Vikram Cement, the company's first cement plant went on stream at Jawad in Madhya Pradesh. In the year 1987, they commenced second production line of Vikram Cement. In the year 1991, they added the third production line of Vikram Cement.In the year 1992, the company set up Birla International Marketing Corporation (BIMC), a merchant exporter. In the year 1993, they commissioned Vikram Ispat, India's third largest gas-based sponge iron plant. Also, they set up Birla Consultancy & Software Services to provide IT consulting services and for software development.In the year 1995, the company commissioned two greenfield cement plants namely, Grasim Cement at Rawan in Chattisgarh and Aditya Cement at Shambhupura in Rajasthan. In the year 1996, they commissioned the first phase of the company's fourth VSF plant at Kharach in Gujarat. In the year 1999, the company's viscose staple fibre (VSF) and rayon grade pulp units at Mavoor were closed down owing to lack of raw material.In the year 1998, the cement business of Indian Rayon and Industries Ltd, a group company was demerged and transferred to the company. Also, the company in association with Timbec Inc set up a joint venture company namely, Atholville Pulp Mill at Canada. In the year 2000, the company set up the Lawson Competency Centre as a division of Birla Consultancy & Software Services, the software arm of Grasim, following a tie up with Lawson Software (USA).In the year 2001, the company demerged the Consultancy and software service into a separate entity, namely Birla Technologies Ltd. They commissioned four Ready-Mix Concrete plants with an aggregate capacity of one million cubic meters. In October 2002, the company acquired 10% stake in L&T and increased their stake to 15.3%.In the year 2002, the company divested Gwalior textiles unit and the textile operations were consolidated at Bhiwani to manufacture 'Grasim' and 'Graviera' brands. Also, Dharani Cements Ltd merged with the company. The company set up VSF Research & Application Centre at Kharach in Gujarat. In the year 2004, the company acquired the controlling stake in UltraTech CemCo Ltd (now UltraTech Cement Ltd). In the year 2005, the company acquired St. Anne Nackawic Pulp Mill, Canada with Tembec Inc.In the year 2006, the company formed a joint venture company, Birla Jingwei Fibres Company Ltd. Also, they acquired VSF plant in China. In the year 2007, the company divested their share in Shree Digvijay Cement Company Ltd. They transferred textile units at Bhiwani to a subsidiary company, Grasim Bhiwani Textiles Ltd. Also, they commissioned eighteen ready-mix concrete plants. In the year 2008, the company commissioned brownfield expansion at Aditya Cement at Shambhupura (Rajasthan).During the year 2009-10, the company completed their ongoing cement expansions and commissioned the 3.1 million TPA grinding capacity at Kotputli, Rajasthan. In May 22, 2009, the company hived off their sponge iron business by way of slump sale. As per the scheme of arrangement, the cement business of the company was demerged into Samruddhi Cement Ltd (Samruddhi), a subsidiary of the company with effect from October 1, 2009. Concurrently, Samruddhi Cement Ltd was amalgamated with UltraTech Cement Ltd with effect from July 1, 2010.During th eyear 2010-11, the company acquired 1/3rd stake in Aditya Holding AB, Sweden, a leading manufacturer of specialty pulp used in the manufacture of VSF, which acquired Domsjo Fabriker AB (Domsjo), Sweden, at an enterprise value of Swedish Kroner (SEK) 2.12 Billion (approx. Rs 1,570 crore).In September 2010, UltraTech completed acquisition of ETA Star Cement Company LLC comprising of 2.3 million TPA clinker facility and grinding units of 2.1 million TPA in UAE, 0.4 million TPA in Bahrain and 0.5 million TPA in Bangladesh. With this acquisition, UltraTech gained direct access to the markets in the Middle East and neighbouring regions. Consequent to this acquisition, UltraTech's capacity stands augmented at 52 million TPA. In August 2011, the company acquired Aditya Birla Power Ventures Ltd and thus Aditya Birla Power Ventures Ltd became a subsidiary company.In 2014, Grasim commissioned its state-of-the-art VSF plant at Vilayat in Gujarat.On 11 February 2015, the Board of Directors of Grasim Industries approved the proposed merger of Aditya Birla Chemicals (India) Limited (ABCIL) with Grasim. The swap ratio approved by the board was one equity share of Grasim for every 16 shares of ABCIL held on record date. On 5 January 2016, ABCIL announced the completion of merger process with Grasim Industries. The Board of Directors of Grasim Industries, Aditya Birla Nuvo Limited (ABNL) and Aditya Birla Financial Services Limited (ABFSL) at their respective meetings held on 11 August 2016 approved the merger of ABNL into Grasim and the subsequent demerger and listing of its financial services business through a composite scheme of arrangement. ABNL is a diversified conglomerate with various business interests including manufacturing of fertilizers, viscose filament yarn, chemicals, insulators, textiles etc., financial services and telecom. The financial services business is a division of ABNL and is engaged in the activity of fund based lending, making, holding and nurturing investments in financial services sector. As per the swap ratio for merger, each shareholder of ABNL will get 3 equity shares of Grasim for every 10 equity shares held in ABNL on record date. For demerger of financial services business into ABFSL, each shareholder of Grasim (post-merger) will receive 7 equity shares in ABFSL for every 1 equity share held in Grasim. On 1 June 2017, the National Company Law Tribunal (NCLT) approved the Composite Scheme of Arrangement involving the merger of Aditya Birla Nuvo (ABNL) with Grasim to be followed by the listing of Aditya Birla Financial Services Ltd (ABFSL). The merger of ABNL with Grasim became effective from 1 July 2017. The name of Aditya Birla Financial Services was changed to Aditya Birla Capital Limited (ABCL) on 21 June 2017. ABCL got listed on the stock exchanges on 1 September 2017. ABCL is the holding company of all the financial service businesses of the Aditya Birla Group. It has a significant presence across several business sectors including NBFC, asset management, life insurance, health insurance and wellness, housing finance, private equity, general insurance broking, wealth management, broking, online personal finance management, and pension fund management.On 12 December 2017, Grasim announced that it has received the rights to manage and operate Viscose Filament Yarn (VFY) business of Century Textiles & Ind. Ltd. (CTIL) from CTIL for a period of 15 years. Consequently, Grasim will have Right to Use' the relevant assets. The ownership of the assets will remain with CTIL. CTIL has installed capacity of 25,000 tonnes of VFY. With Grasim's VFY capacity of 21,300 tonnes, the combined capacity will increase to 46,300 tonnes. As part of the transaction, Grasim will pay to CTIL commuted value of royalty of Rs 600 crore, refundable security deposit of Rs 200 crore and net working capital at closing estimated at Rs 165 crore. On 16 March 2018, Grasim Industries announced that the production capacity of epoxy resin, reactive diluents and hardeners at the company's epoxy plant at Vilayat (Gujarat) has increased from 82,350 metric tonnes (MT) per annum to 1.23 lakh MT per annum through de-bottlenecking process.