Grasim Industries Limited

Construction Materials · Cement & Cement Products

NSE: GRASIM BSE: 500300

₹3061.90

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Cement & Cement Products

The largest companies in the same industry by market cap. This company ranks #2 of 40. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
UltraTech Cement Limited	322,850	42.6	10.1%	-9.4%	2.19%	58	13	48
Grasim Industries Limited (this stock)	208,387	291.1	6.1%	9.8%	—	28	65	28
Ambuja Cements Limited	92,932	24.7	7.7%	-34.5%	0.53%	61	68	12
SHREE CEMENT LIMITED	80,622	52.8	7.5%	-23.7%	0.67%	71	25	47
JK Cement Limited	39,221	39.5	13.9%	-19.5%	0.39%	48	5	50
Dalmia Bharat Limited	31,580	399.9	6.4%	-24.5%	0.53%	71	43	14
ACC Limited	22,611	11.0	10.4%	-34.1%	0.62%	69	97	11
The Ramco Cements Limited	19,980	31.3	8.6%	-14.8%	0.30%	37	62	12

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹220,090 Cr

EV / EBITDA

55.1x

EV / Sales

5.05x

Market cap / Sales

4.78x

Earnings yield

0.34%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 11,939 Cr, up 27.5% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	11,795	298	247	₹3.6400
March 31, 2026	11,774	-240	-164	₹-2.4100
Dec. 31, 2025	10,432	-241	-174	₹-2.5700
Sept. 30, 2025	9,610	1,081	805	₹11.8600
June 30, 2025	9,223	-156	-118	₹-1.7400
March 31, 2025	8,926	-368	-288	₹-4.2800
Dec. 31, 2024	8,120	-230	-169	₹-2.5300
Sept. 30, 2024	7,623	1,002	721	₹10.8400
June 30, 2024	6,894	-70	-52	₹-0.7900
March 31, 2024	6,768	-388	-441	₹-6.6600
Dec. 31, 2023	6,400	239	236	₹3.6100
Sept. 30, 2023	6,442	955	795	₹12.1000
June 30, 2023	6,238	396	355	₹5.4100

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	11,939	11,893	10,538	11,030	9,367	9,153	8,222	8,917	6,987	7,028	6,520	7,202	6,353
Operating revenue	11,795	11,774	10,432	9,610	9,223	8,926	8,120	7,623	6,894	6,768	6,400	6,442	6,238
Other income	144	119	106	1,419	144	227	102	1,294	93	260	120	760	116
Operating expenses	10,845	11,234	9,953	9,244	8,839	8,705	7,850	7,298	6,569	6,241	5,878	5,848	5,564
Operating profit	950	540	479	366	385	221	271	325	325	527	522	594	673
Operating profit margin	8.1%	4.6%	4.6%	3.8%	4.2%	2.5%	3.3%	4.3%	4.7%	7.8%	8.2%	9.2%	10.8%
Depreciation	527	571	539	502	478	501	421	406	349	339	296	292	288
Interest	269	246	239	203	206	201	181	161	140	121	107	107	106
Exceptional items, gain / (loss)	—	-82	-48	—	—	-114	—	-50	—	-716	—	—	—
Profit before tax	298	-240	-241	1,081	-156	-368	-230	1,002	-70	-388	239	955	396
Tax	51	-76	-66	276	-38	-80	-62	281	-18	52	3	160	41
Net profit	247	—	—	805	—	—	-169	721	-52	-441	236	795	355
EPS	3.64	-2.41	-2.57	11.86	-1.74	-4.28	-2.53	10.84	-0.79	-6.66	3.61	12.10	5.41
Net profit (TTM)	—	—	—	—	—	—	59	464	538	945	1,480	1,501	1,670
EPS (TTM)	10.52	5.14	3.27	3.31	2.29	3.24	0.86	7.00	8.26	14.46	22.54	22.86	25.44

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	41,039	444	348
March 31, 2025	31,563	333	212
March 31, 2024	25,847	1,202	945
March 31, 2023	26,840	2,645	2,124

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	15.4%	25.1%	42,827^†	33,278^†	27,104^†	27,858^†	21,752^†	13,962^†	19,135^†	21,116^†	16,541^†	11,494^†
Operating revenue	15.2%	25.0%	41,039	31,563	25,847	26,840	20,857^†	13,448^†	18,609^†	20,553^†	16,058^†	11,031^†
Other income	—	—	1,788^†	1,715^†	1,257^†	1,018^†	895^†	514^†	525^†	563^†	483^†	464^†
Operating expenses	—	—	39,269^†	30,422^†	23,531^†	23,660^†	17,641^†	11,738^†	16,299^†	16,477^†	12,999^†	8,816^†
Operating profit	-17.7%	0.7%	1,771^†	1,141^†	2,316^†	3,180^†	3,216^†	1,710^†	2,311^†	4,076^†	3,059^†	2,214^†
Operating profit margin	—	—	4.3%^†	3.6%^†	9.0%^†	11.8%^†	15.4%^†	12.7%^†	12.4%^†	19.8%^†	19.0%^†	20.1%^†
Depreciation	—	—	2,090^†	1,676^†	1,215^†	1,097^†	914^†	843^†	847^†	760^†	628^†	446^†
Interest	—	—	895^†	684^†	440^†	368^†	247^†	259^†	304^†	199^†	128^†	58^†
Exceptional items, gain / (loss)	—	—	-130^†	-164^†	-716^†	-88^†	-69^†	-81^†	-294^†	-2,368^†	-273^†	0^†
Profit before tax	-44.8%	-15.7%	444	333	1,202	2,645	2,881^†	1,041^†	1,391^†	1,312^†	2,513^†	2,125^†
Tax	—	—	96^†	121^†	256^†	522^†	186^†	155^†	121^†	796^†	744^†	565^†
Net profit	-45.3%	—	348	212	945	2,124	—	—	1,270^†	515^†	1,769^†	1,560^†
EPS	-45.8%	-17.6%	5.14^†	3.24^†	14.46^†	32.34^†	41.05^†	13.50^†	19.34^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	4.3%^†	3.6%^†	9.0%^†	11.8%^†	15.4%^†	12.7%^†	12.4%^†	19.8%^†	19.0%^†	20.1%^†
EBIT margin	3.3%^†	3.2%^†	6.4%^†	11.2%^†	15.0%^†	9.7%^†	9.1%^†	7.4%^†	16.4%^†	19.8%^†
PBT margin	1.1%	1.1%	4.6%	9.9%	13.8%^†	7.7%^†	7.5%^†	6.4%^†	15.7%^†	19.3%^†
Net margin	0.8%	0.7%	3.7%	7.9%	—	—	6.8%^†	2.5%^†	11.0%^†	14.1%^†
Interest coverage	1.50x^†	1.49x^†	3.73x^†	8.19x^†	12.65x^†	5.03x^†	5.58x^†	7.59x^†	20.61x^†	37.88x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	1.26x	1.25x	—	—	—	—	—	—	—	—
Quick ratio	0.81x	0.74x	—	—	—	—	—	—	—	—
Debt to equity	0.21x	0.20x	—	—	—	—	—	—	—	—
Return on equity	0.6%	0.4%	—	—	—	—	—	—	—	—
Return on assets	0.4%	0.3%	—	—	—	—	—	—	—	—
Return on capital employed	2.0%^†	1.5%^†	—	—	—	—	—	—	—	—
Asset turnover	0.51x	0.40x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	2,681	-1,524	-1,179	2,087	593
March 31, 2025	-25	-2,883	2,896	3,835	-3,860
March 31, 2024	1,778	-5,586	3,840	5,526	-3,748
March 31, 2023	2,319	-2,190	-165	4,022	-1,704
March 31, 2022	2,656	-1,896	-777	2,538	118

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	81,032	55,277	55,141	2,121	9,594	15,815	12,509	13	22,697	5,732
March 31, 2025	77,981	54,398	54,262	2,436	8,686	14,704	11,731	35	21,626	6,051
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.