Press Release4 Nov 2026 · 14:29
Press Release
Markets / Nifty 50 / Construction Materials
Price
Daily closing prices, adjusted for bonuses and splits
Returns against the Nifty 50
| Return | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|
| GRASIM | +8.2% | +5.6% | −2.7% | +7.7% | +8.9% | +65.5% | +75.2% |
| Nifty 50 | +5.6% | +6.2% | −2.7% | −1.5% | −6.4% | +24.6% | +33.7% |
Price returns, without dividends. Source: NSE end-of-day data.
Check-up
Where GRASIM sits against the Nifty 50 and its industry. Facts, not advice.
Price return
+8.88%
Over 1 year. The Nifty 50 returned −6.40%, so GRASIM beat it by 15.3 percentage points.
Valuation (PE)
37.5
Price is 37.5 times the last four quarters' earnings per share, higher than the Nifty 50's PE of 19.8.
Growth
+21.4%
Revenue in Q1 FY27 compared with the same quarter a year earlier. Net profit changed +51.3%.
Profitability (ROE)
5.5%
Profit over the last four quarters as a share of shareholders' equity. Net margin is 3.1%.
Debt
2.17×
Borrowings are 2.17 times shareholders' equity (latest balance sheet, 31 Mar 2026).
Volatility
1.70×
Daily price moves over the last year were 1.70 times as large as the Nifty 50's (annualised volatility 23.5%).
What the latest numbers show
Calculated by stockER from the company's filings and NSE data.
Positives 5
- Revenue up 21.4% from a year ago₹48,716 cr in Q1 FY27, against ₹40,118 cr in Q1 FY26.
- Net profit up 39.0% from a year ago₹3,846 cr in Q1 FY27, against ₹2,767 cr in Q1 FY26.
- Net margin widened to 7.9%From 6.9% in Q1 FY26.
- Promoter holding up 2.09 points in a year45.20% on 30 Sep 2026, from 43.11%.
- Foreign institutional holding up 0.53 points in a year17.09% on 30 Sep 2026, from 16.56%.
Watch points 3
- Borrowings rose 22.5% in a year₹2,24,948 cr on 31 Mar 2026, against ₹1,83,649 cr a year earlier.
- Operating cash flow of ₹−17,810 crCash generated by the business in the year to 31 Mar 2026.
- Mutual fund holding down 1.15 points in a year5.50% on 30 Sep 2026, from 6.65%.
Financials
Consolidated results as filed with NSE. ₹ crore unless stated.
Revenue
Net profit
EPS (₹)
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 33,563 | 34,793 | 44,267 | 40,118 | 39,900 | 44,312 | 51,101 | 48,716 |
| Other income | 395 | 369 | 383 | 342 | 345 | 265 | 228 | 305 |
| Total expenses | 31,993 | 32,724 | 40,756 | 36,657 | 37,796 | 41,270 | 46,282 | 43,851 |
| EBITDA | 3,958 | 4,668 | 6,480 | 6,392 | 5,217 | 6,015 | 7,926 | 8,064 |
| Depreciation | 1,496 | 1,532 | 1,831 | 1,810 | 1,899 | 1,975 | 2,042 | 1,988 |
| Finance cost | 581 | 699 | 821 | 816 | 869 | 933 | 922 | 919 |
| PBIT | 2,463 | 3,137 | 4,649 | 4,581 | 3,318 | 4,040 | 5,884 | 6,076 |
| Profit before tax | 1,882 | 2,438 | 3,828 | 3,765 | 2,449 | 3,107 | 4,962 | 5,157 |
| Tax | 867 | 604 | 1,023 | 1,066 | 1,012 | 818 | 1,276 | 1,337 |
| Net profit | 1,100 | 1,844 | 2,973 | 2,767 | 1,498 | 2,233 | 3,802 | 3,846 |
| EPS (₹) | 5.86 | 13.47 | 22.22 | 20.91 | 8.16 | 15.28 | 28.87 | 31.64 |
| ₹ crore | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue from operations | 1,17,627 | 1,30,978 | 1,46,484 | 1,75,431 |
| Other income | 3,612 | 1,264 | 1,448 | 1,180 |
| Total expenses | 1,06,633 | 1,18,062 | 1,36,722 | 1,62,005 |
| EBITDA | 20,390 | 20,267 | 19,899 | 25,549 |
| Depreciation | 4,552 | 5,001 | 6,226 | 7,726 |
| Finance cost | 1,320 | 1,655 | 2,581 | 3,540 |
| PBIT | 15,838 | 15,266 | 13,673 | 17,823 |
| Profit before tax | 14,518 | 13,611 | 11,091 | 14,283 |
| Tax | 3,649 | 3,774 | 3,203 | 4,172 |
| Net profit | 11,078 | 9,926 | 8,185 | 10,300 |
| ₹ crore | SEP 2023 | MAR 2024 | SEP 2024 | MAR 2025 | SEP 2025 | MAR 2026 |
|---|---|---|---|---|---|---|
| Total assets | 3,71,569 | 4,12,539 | 4,48,454 | 5,00,536 | 5,30,102 | 5,69,555 |
| Current assets | 77,419 | 86,365 | 89,858 | 93,472 | 1,00,664 | 1,13,066 |
| Inventories | 12,255 | 13,545 | 15,588 | 15,614 | 16,344 | 15,429 |
| Cash and equivalents | 2,208 | 2,388 | 1,715 | 4,883 | 4,746 | 2,798 |
| Total liabilities | 2,40,677 | 2,73,601 | 3,02,732 | 3,42,723 | 3,67,900 | 3,99,689 |
| Current liabilities | 77,558 | 92,433 | 98,354 | 1,07,524 | 1,10,234 | 1,19,600 |
| Borrowings | 1,20,068 | 1,35,102 | 1,55,903 | 1,83,649 | 2,02,793 | 2,24,948 |
| Shareholders' equity | 1,30,893 | 1,38,938 | 1,45,721 | 1,57,813 | 1,62,202 | 1,69,865 |
| Equity attributable to owners | 83,170 | 88,652 | 92,918 | 97,509 | 99,618 | 1,03,470 |
Balance sheets are filed every half year (September and March).
| ₹ crore | 6M to SEP 2022 | 12M to MAR 2025 | 6M to SEP 2025 | 12M to MAR 2026 |
|---|---|---|---|---|
| From operations | −7,590 | −17,170 | −8,015 | −17,810 |
| From investing | −3,359 | −23,982 | −7,501 | −17,803 |
| From financing | 10,853 | 43,643 | 15,377 | 33,523 |
| Capital expenditure | 5,786 | 17,181 | 7,540 | 15,626 |
| Free cash flow | −13,376 | −34,351 | −15,555 | −33,436 |
Cash flow statements are filed every half year; figures are for the period shown.
EBITDA here is profit before tax plus finance cost and depreciation. Annual figures add up the four quarters of each financial year. Source: company filings on NSE (XBRL).
Peers
Construction Materials companies in the Nifty 50.
| Company | Price | Market cap | PE | PB | ROE | Div. yield | 1Y return |
|---|---|---|---|---|---|---|---|
| Grasim Industries Ltd.GRASIM | ₹3,138.00 | ₹2.14 lakh cr | 37.5 | 2.06 | 5.5% | 0.32% | +8.9% |
| UltraTech Cement Ltd.ULTRACEMCO | ₹11,816.00 | ₹3.48 lakh cr | 39.6 | 4.73 | 12.0% | 2.03% | −0.0% |
Price comparison
Change in price from the start of the period
GRASIMNifty 50ULTRACEMCO
Events
Dividends, bonuses and splits from NSE's corporate actions.
Dividend paid in 5 of the last 5 calendar years (2022–2026)Over the last 12 months: ₹10.00 per share (adjusted for bonuses and splits), a yield of 0.32% at today's price.
Past dividends
Dividend
Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
7 Aug 2026
Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
7 Aug 2026
Dividend
Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
12 Aug 2025
Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
12 Aug 2025
Dividend
Annual General Meeting/Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
6 Aug 2024
Annual General Meeting/Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
6 Aug 2024
Dividend
Annual General Meeting/Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
11 Aug 2023
Annual General Meeting/Dividend - Rs 10 Per SharePer share
₹10.00Ex-date
11 Aug 2023
Special dividend
Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per SharePer share
₹10.00Ex-date
11 Aug 2022
Annual General Meeting/Dividend - Rs 5 Per Share/Special Dividend - Rs 5 Per SharePer share
₹10.00Ex-date
11 Aug 2022
Special dividend
Annual General Meeting/Dividend - Rs 5 Per Share/ Special Dividend - Rs 4 Per SharePer share
₹9.00Ex-date
12 Aug 2021
Annual General Meeting/Dividend - Rs 5 Per Share/ Special Dividend - Rs 4 Per SharePer share
₹9.00Ex-date
12 Aug 2021
Dividend
Dividend - Rs 4 Per SharePer share
₹4.00Ex-date
26 Aug 2020
Dividend - Rs 4 Per SharePer share
₹4.00Ex-date
26 Aug 2020
Dividend
Annual General Meeting/Dividend - Rs 7 Per ShPer share
₹7.00Ex-date
8 Aug 2019
Annual General Meeting/Dividend - Rs 7 Per ShPer share
₹7.00Ex-date
8 Aug 2019
Bonuses, splits and other actions
Rights 6:179 @ Premium Rs 1810/-Ex-date
10 Jan 2024
10 Jan 2024
Scheme Of ArrangementEx-date
19 Jul 2017
19 Jul 2017
Face Value Split From Rs 10 To Re 2Ex-date
6 Oct 2016
6 Oct 2016
Filings and updates
The company's own announcements to NSE: results, dividends, presentations and board decisions.
Annual report 2025–26Open (PDF / ZIP)
Annual report 2024–25Open (PDF / ZIP)
Annual report 2023–24Open (PDF / ZIP)
Annual report 2022–23Open (PDF / ZIP)
Annual report 2021–22Open (PDF / ZIP)
Analysts/Institutional Investor Meet/Con. Call Updates2 Nov 2026 · 16:35
Intimation of schedule of Analysts / Institutional Investor Meet - Conference call on the Unaudited Financial Results of the Company
General Updates30 Oct 2026 · 19:10
Update on acquisition of Solenergi Power Private Limited by Aditya Birla Renewables Limited, a subsidiary of the Company
General Updates23 Sep 2026 · 15:26
Allotment of Equity Shares by Aditya Birla Renewables Limited, a subsidiary of the Company
Analysts/Institutional Investor Meet/Con. Call Updates9 Sep 2026 · 18:38
Intimation of schedule of Analysts / Institutional Investor Meet
Analysts/Institutional Investor Meet/Con. Call Updates28 Aug 2026 · 16:34
Grasim Industries Limited has informed the Exchange about Schedule of meet
General Updates22 Aug 2026 · 19:11
Appointment of Joint Statutory Auditor for a term of 5 consecutive years
Shareholders meeting22 Aug 2026 · 18:57
Scrutinizer's Report and Voting Results of the 79th Annual General Meeting of the Company
Acquisition21 Aug 2026 · 19:19
Incorporation of UHG Holdings IFSC Private Limited
Analysts/Institutional Investor Meet/Con. Call Updates17 Aug 2026 · 19:04
Transcript of Conference Call on the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30th June 2026
Analysts/Institutional Investor Meet/Con. Call Updates12 Aug 2026 · 20:23
Audio Recording - Earnings Call
Investor Presentation12 Aug 2026 · 14:37
Grasim Industries Limited has informed the Exchange about Investor Presentation
Frequently asked questions
What is the share price of Grasim Industries Ltd. (GRASIM)?
GRASIM closed at ₹3,138.00 on NSE on 4 Nov 2026, +1.55% on the day. stockER shows end-of-day prices, updated after the market closes.
What is the market cap of GRASIM?
₹2.14 lakh cr, based on 68.06 crore shares and the latest closing price. That makes it #35 by size in the Nifty 50.
What are the PE and PB ratios of GRASIM?
PE 37.51 on earnings per share of ₹83.66 over the last four quarters; PB 2.06 on the latest reported equity.
What is the 52-week high and low of GRASIM?
High ₹3,411.10 on 10 Aug 2026, low ₹2,502.50 on 23 Mar 2026 (adjusted for bonuses and splits).
What is the dividend yield of GRASIM?
0.32%: dividends of ₹10.00 per share with ex-dates in the last 12 months, divided by the latest price.
What return has GRASIM given?
1 year +8.9%, 3 years +65.5%, 5 years +75.2% (price only, dividends not included).
Which sector is GRASIM in?
NSE classifies Grasim Industries Ltd. under Construction Materials. Other Nifty 50 companies in it: ULTRACEMCO.
Who owns GRASIM?
On 30 Sep 2026, promoters held 45.20% and the public 54.47%.
How can I buy GRASIM shares?
Through a SEBI-registered stockbroker with a demat and trading account. stockER is an information site only: it doesn't sell shares or recommend buying or selling any of them.