GRASIM INDUSTRIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,342 INR | -1.06% |
|
+3.05% | +9.73% |
| Apr. 24 | Indian Equities End Higher Midweek as Iran-Israel Conflict Subsides | MT |
| Apr. 23 | Indian Equities End Higher for Third Straight Day, Lifted by Real Estate, IT Stocks | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 564,187 | 312,560 | 952,558 | 1,093,210 | 1,072,518 | 1,589,481 | - | - |
| Enterprise Value (EV) 1 | 564,215 | 340,208 | 961,222 | 1,084,674 | 1,090,318 | 1,643,956 | 1,654,273 | 1,660,276 |
| P/E ratio | 109 x | 24.6 x | 105 x | 35.9 x | 50.5 x | 92.4 x | 81.9 x | 71.6 x |
| Yield | 0.82% | 0.84% | 0.62% | 0.3% | 0.61% | 0.26% | 0.26% | 0.27% |
| Capitalization / Revenue | 2.75 x | 1.68 x | 7.69 x | 5.24 x | 4 x | 6.28 x | 5.71 x | 5.24 x |
| EV / Revenue | 2.75 x | 1.83 x | 7.76 x | 5.2 x | 4.06 x | 6.5 x | 5.94 x | 5.48 x |
| EV / EBITDA | 13.9 x | 14.7 x | 61.4 x | 33.7 x | 34.3 x | 66.9 x | 53.1 x | 47.2 x |
| EV / FCF | 110 x | 42.4 x | 79.8 x | 919 x | -64 x | -54 x | -62.8 x | 522 x |
| FCF Yield | 0.91% | 2.36% | 1.25% | 0.11% | -1.56% | -1.85% | -1.59% | 0.19% |
| Price to Book | 1.34 x | 0.83 x | 2.22 x | 2.25 x | 2.29 x | 2.53 x | 2.38 x | 2.28 x |
| Nbr of stocks (in thousands) | 657,598 | 656,501 | 656,687 | 656,977 | 656,898 | 678,555 | - | - |
| Reference price 2 | 858.0 | 476.1 | 1,451 | 1,664 | 1,633 | 2,342 | 2,342 | 2,342 |
| Announcement Date | 5/24/19 | 6/13/20 | 5/24/21 | 5/24/22 | 5/26/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 205,504 | 186,094 | 123,864 | 208,568 | 268,397 | 253,038 | 278,404 | 303,117 |
| EBITDA 1 | 40,712 | 23,105 | 15,643 | 32,162 | 31,799 | 24,575 | 31,173 | 35,211 |
| EBIT 1 | 33,108 | 14,638 | 7,362 | 23,022 | 20,826 | 12,671 | 18,035 | 19,839 |
| Operating Margin | 16.11% | 7.87% | 5.94% | 11.04% | 7.76% | 5.01% | 6.48% | 6.54% |
| Earnings before Tax (EBT) 1 | 13,117 | 13,913 | 9,329 | 28,812 | 26,452 | 19,494 | 22,264 | 24,630 |
| Net income 1 | 5,153 | 12,700 | 9,050 | 30,513 | 21,237 | 16,690 | 19,025 | 21,217 |
| Net margin | 2.51% | 6.82% | 7.31% | 14.63% | 7.91% | 6.6% | 6.83% | 7% |
| EPS 2 | 7.840 | 19.34 | 13.77 | 46.40 | 32.31 | 25.35 | 28.58 | 32.74 |
| Free Cash Flow 1 | 5,115 | 8,030 | 12,041 | 1,181 | -17,036 | -30,448 | -26,323 | 3,180 |
| FCF margin | 2.49% | 4.31% | 9.72% | 0.57% | -6.35% | -12.03% | -9.46% | 1.05% |
| FCF Conversion (EBITDA) | 12.56% | 34.75% | 76.97% | 3.67% | - | - | - | 9.03% |
| FCF Conversion (Net income) | 99.27% | 63.23% | 133.05% | 3.87% | - | - | - | 14.99% |
| Dividend per Share 2 | 7.000 | 4.000 | 9.000 | 5.000 | 10.00 | 6.200 | 6.200 | 6.300 |
| Announcement Date | 5/24/19 | 6/13/20 | 5/24/21 | 5/24/22 | 5/26/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 37,627 | 49,330 | 57,847 | 63,764 | 72,530 | 67,452 | 61,956 | 66,458 | 62,376 | 64,420 | 64,002 | 63,359 |
| EBITDA 1 | 7,402 | 8,012 | 9,221 | 7,526 | 13,202 | 9,566 | 4,770 | 4,260 | 6,734 | 5,936 | 5,225 | 4,766 |
| EBIT | 5,384 | 5,937 | 7,004 | 4,696 | 10,651 | 6,904 | - | - | 3,856 | 3,017 | - | 1,779 |
| Operating Margin | 14.31% | 12.04% | 12.11% | 7.37% | 14.68% | 10.24% | - | - | 6.18% | 4.68% | - | 2.81% |
| Earnings before Tax (EBT) 1 | 5,453 | 12,411 | 6,875 | 4,073 | 10,221 | 12,728 | - | 1,353 | 3,958 | 9,552 | 2,391 | 1,850 |
| Net income 1 | 4,816 | 9,791 | 5,225 | 10,680 | 8,086 | 9,643 | - | 935.1 | 3,553 | 7,947 | 2,363 | 1,394 |
| Net margin | 12.8% | 19.85% | 9.03% | 16.75% | 11.15% | 14.3% | - | 1.41% | 5.7% | 12.34% | 3.69% | 2.2% |
| EPS | 7.330 | 14.89 | 7.950 | 16.24 | 12.29 | 14.68 | - | - | - | - | - | 2.300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/13/21 | 11/12/21 | 2/14/22 | 5/24/22 | 8/12/22 | 11/14/22 | 2/14/23 | 5/26/23 | 8/10/23 | 11/13/23 | 2/8/24 | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 28.6 | 27,648 | 8,664 | - | 17,800 | 54,475 | 64,792 | 70,795 |
| Net Cash position 1 | - | - | - | 8,535 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.000703 x | 1.197 x | 0.5539 x | - | 0.5598 x | 2.217 x | 2.078 x | 2.011 x |
| Free Cash Flow 1 | 5,115 | 8,030 | 12,041 | 1,181 | -17,036 | -30,448 | -26,323 | 3,180 |
| ROE (net income / shareholders' equity) | 5.93% | 3.19% | 2.24% | 6.66% | 4.44% | 3.6% | 3.49% | 3.82% |
| ROA (Net income/ Total Assets) | 4.88% | 2.51% | 1.74% | 5.2% | 3.4% | - | - | - |
| Assets 1 | 105,594 | 506,442 | 521,403 | 586,681 | 624,067 | - | - | - |
| Book Value Per Share 2 | 638.0 | 573.0 | 653.0 | 738.0 | 713.0 | 926.0 | 984.0 | 1,028 |
| Cash Flow per Share | - | 53.60 | 36.50 | - | - | - | - | - |
| Capex 1 | 20,440 | 27,155 | 11,932 | 25,382 | 40,225 | 58,397 | 46,400 | 34,167 |
| Capex / Sales | 9.95% | 14.59% | 9.63% | 12.17% | 14.99% | 23.08% | 16.67% | 11.27% |
| Announcement Date | 5/24/19 | 6/13/20 | 5/24/21 | 5/24/22 | 5/26/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.73% | 19.06B | |
| +21.26% | 37.34B | |
| +15.08% | 34.54B | |
| -7.64% | 33.53B | |
| +21.33% | 18.67B | |
| +17.64% | 18.51B | |
| +6.96% | 11.93B | |
| +4.00% | 7.02B | |
| +18.24% | 4.43B | |
| +9.79% | 3.73B |
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