Grasim Industries Limited
Grasim Industries Limited operates in Cement & Cement Products, part of the Construction Materials sector. It booked ₹48,716 cr of revenue in its latest quarter (Q1 FY27) and kept 4.4% of sales as profit. It is the 2nd largest of 9 Cement & Cement Products companies we track, by market value.
| Segment | FY25 | FY26 | Share |
|---|---|---|---|
| Building Material | 0.81 | 1.01 | 54% → 57% |
| Financial Services | 0.41 | 0.45 | 27% → 26% |
| Cellulosic Fibres | 0.16 | 0.17 | 11% → 10% |
| Chemicals | 0.09 | 0.10 | 6% → 5% |
| Others | 0.03 | 0.04 | 2% → 2% |
| Total | 1.50 | 1.77 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 35% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 611–2,858 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 39
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in GRASIM?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹48,716 cr |
| Other Income | ₹305 cr |
| Total Income | ₹49,021 cr |
| Cost of Materials | ₹9,298 cr |
| Purchases of Stock-in-Trade | ₹3,378 cr |
| Inventory Change (±) | ₹-629 cr |
| Employee Benefit Expense | ₹3,026 cr |
| Finance Costs | ₹919 cr |
| Depreciation & Amortisation | ₹1,988 cr |
| Other Expenses | ₹25,871 cr |
| Total Expenses | ₹43,851 cr |
| Exceptional Items | ₹-13 cr |
| Profit before Tax | ₹5,157 cr |
| Tax Expense | ₹1,337 cr |
| Share of JV / Associates | ₹26 cr |
| Net Profit | ₹3,846 cr |
| Net margin on total income | 7.8% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 44,312 cr | 51,101 cr | 48,716 cr |
| Total income | 44,577 cr | 51,329 cr | 49,021 cr |
| Expenses | 41,270 cr | 46,282 cr | 43,851 cr |
| Profit before tax | 3,107 cr | 4,962 cr | 5,157 cr |
| Tax | 818 cr | 1,276 cr | 1,337 cr |
| Net profit (owners' share) | 1,037 cr | 1,958 cr | 2,146 cr |
| Net margin (owners' share, on revenue) | 2.3% | 3.8% | 4.4% |
| EPS (₹) | 15.28 | 28.87 | 31.64 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹10,764 | ₹3.17 L cr | 30.5 | 13.6% | 10.5% | — |
| Grasim Industries Limitedthis company | ₹3,173 | ₹2.16 L cr | 25.1 | 8.3% | 4.4% | — |
| Ambuja Cements Limited | ₹383 | ₹95,238 cr | 41.3 | 3.9% | 6.1% | — |
| SHREE CEMENT LIMITED | ₹21,960 | ₹79,232 cr | 37.4 | 9.1% | 8.5% | — |
| JK Cement Limited | ₹5,027 | ₹38,844 cr | 35.0 | 15.8% | 6.9% | — |
| Dalmia Bharat Limited | ₹1,693 | ₹32,173 cr | 42.2 | 4.2% | 4.8% | — |
| ACC Limited | ₹1,233 | ₹23,171 cr | 39.4 | 2.9% | 2.5% | — |
| The Ramco Cements Limited | ₹859 | ₹20,297 cr | 162.7 | 1.5% | 1.4% | — |
| JSW Cement Limited | ₹117 | ₹15,750 cr | 24.3 | 9.8% | 8.5% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹10 / share | 7 Aug 2026 |
| Dividend | ₹10 / share | 12 Aug 2025 |
| Dividend | ₹10 / share | 6 Aug 2024 |
| Dividend | ₹10 / share | 11 Aug 2023 |
| Dividend | ₹5 / share | 11 Aug 2022 |
| Dividend | ₹5 / share | 12 Aug 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 38 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹4,000 cr still to be spent. CARE RATING LIMITED watches the spending on the exchange’s behalf.
As of Jun 2025, the company says it has spent 0% of what it set aside, leaving ₹3,997 cr still to be spent. CARE RATING LIMITED watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing