ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Non-Energy Minerals

Grasim Industries Ltd.

Company Background

Grasim Industries is a core unit of Aditya Birla Group, which is part of one of India's three largest conglomerates -- Birla Group. Founded in 1948, Grasim is a major player in the textile and cement businesses.

Birla's history goes back further; it started out as Marwari, a group of leading merchants in the northern state of Rajasthan. Ghanshyam Das Birla built the foundation between World War I and World War II. His family had close ties to Mohandas Gandhi, also known as Mahatma Gandhi; the pacifist leader was assassinated at the family's house in Delhi.

The group was divided after Ghanshyam Das Birla's death. Aditya Birla, which took over much of the group's operations, is led by Kumar Mangalam Birla, a great-grandson of Ghanshyam Das Birla.

Grasim Industries is now the world's largest producer of viscose staple fiber, a material for clothing. It is also a major producer of caustic soda. It went into the cement business in 1985 and presides over Ultra Tech Cement.

The founding family and group companies own more than 20% of the business.

Business Summary

Grasim Industries Ltd. engages in the production of chemicals and cement. It operates through the following segments: Viscose, Chemicals, Cement, Financial Services, and Others. The Viscose Staple Fibre segment offers wood pulp and yarn. The Chemicals segment produces caustic soda, allied chemicals, and epoxy. The Cement segment provides grey cement, white cement, and allied products. The Financial Services segment is responsible for the non-bank financial services, life insurance services, housing finance, private equity, equity and commodity broking, wealth management, general insurance advisory, and health insurance. The Others segment relates to textiles, insulators, agri-business and solar power. The company was founded by Ghanshyam Das Birla on August 25, 1947 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2022 INRUSD
Revenue950,572.30M12,757.71M
Gross Profit397,520.80M5,335.16M
Operating income199,735M2,680.66M
Income before tax122,465.30M1,643.61M
Net income71,023.70M953.21M
EBITDA241,564.20M3,242.05M
Diluted EPS114.801.54
Dividends Per Share100.13
Total Assets2,904.61B38,332.12M
Total liabilities1,742.11B22,990.62M
Total equity756,982.30M9,989.86M
Operating cash flow165,514.20M2,221.38M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 554,554.90M 765,198.20M 746,688.10M 760,443.70M 950,572.30M
Gross Profit 207,154.80M 296,860.80M 306,014.50M 351,209.70M 397,520.80M
Operating income 96,231.40M 139,095.40M 138,067.70M 186,183.50M 199,735M
Income before tax 56,347.40M 51,344M 59,293.20M 95,822.10M 122,465.30M
Net income 26,785.80M 16,929.90M 43,490.20M 41,284.10M 71,023.70M
EBITDA 123,274.10M 174,693M 178,214.60M 226,715M 241,564.20M
Diluted EPS 44.16 25.74 67.17 65.49 114.80
Dividends Per Share 6.20 7 4 9 10
Total Assets 2,079.20B 2,411.73B 2,443.19B 2,685.86B 2,904.61B
Total liabilities 1,242.03B 1,526.14B 1,533.02B 1,659.42B 1,742.11B
Total equity 573,618.50M 580,195.20M 566,322.90M 654,940.60M 756,982.30M
Operating cash flow 63,847.20M 96,395.50M 130,257.50M 199,468.80M 165,514.20M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 8,602.27M 10,940.35M 10,530.67M 10,243.73M 12,757.71M
Gross Profit 3,213.39M 4,244.34M 4,315.77M 4,731.05M 5,335.16M
Operating income 1,492.74M 1,988.70M 1,947.19M 2,508.02M 2,680.66M
Income before tax 874.06M 734.08M 836.22M 1,290.79M 1,643.61M
Net income 415.50M 242.05M 613.35M 556.12M 953.21M
EBITDA 1,912.23M 2,497.65M 2,513.39M 3,054.01M 3,242.05M
Diluted EPS 0.68 0.36 0.94 0.88 1.54
Dividends Per Share 0.09 0.10 0.05 0.12 0.13
Total Assets 31,878.97M 34,813.99M 32,295.43M 36,735.43M 38,332.12M
Total liabilities 19,043.30M 22,030.19M 20,264.41M 22,696.49M 22,990.62M
Total equity 8,794.90M 8,375.24M 7,485.96M 8,957.83M 9,989.86M
Operating cash flow 990.40M 1,378.20M 1,837.04M 2,686.99M 2,221.38M

Valuation Measures

Mar 2022
PER14.48
ROA2.54%
ROE10.06%
Operating margin21.01%
Profit margin7.47%

Key executives

  • Managing Director & Director: Hari Krishna Agarwal
  • President: Hutokshi R. Wadia
  • Chief Operating Officer-Pulp: Bir Kapoor
  • Chief Financial Officer: Pavan Kumar Jain
  • Secretary & Compliance Officer: Sailesh Kumar Daga

Shareholders

  • Aditya Birla Group (22.0%)
  • Life Insurance Corporation of India (Investment Portfolio) (9.1%)
  • IGH Holdings Pvt Ltd. (6.2%)
  • Hindalco Industries Ltd. (4.3%)
  • Umang Commercial Co. Ltd. (4.0%)
  • Pilani Investment & Industries Corp. Ltd. (3.7%)
  • The Vanguard Group, Inc. (1.8%)
  • Norges Bank Investment Management (1.4%)
  • Shamyak Investment Pvt Ltd. (1.3%)
  • SBI Funds Management Pvt Ltd. (1.2%)

Contact Details

  • Website:http://www.grasim.com
  • Address: Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai, 400030, India
  • Phone: +91.22.6652.5000

Related Companies

  • PT Anggana Energy Resources
  • UltraTech Cement Mozambique Ltda.
  • Aditya Birla Chemicals (Belgium) BVBA
  • KPR Industries India Ltd. /Chlor-Akali Business/
  • Grasim Premium Fabric Pvt Ltd.
  • Vikram Cement Pvt Ltd.
  • Grasim Industries Ltd. XXXVIII
  • Jayashree Textiles
  • Sun God Trading & Investments Ltd.
  • Aditya Birla Capital Ltd.
  • Samruddhi Swastik Trading & Investments Ltd.
  • Aditya Birla Money Mart Ltd.
  • GBTL Ltd.
  • Vikram Sponge Iron Ltd.
  • Aditya Birla Money Limited
  • Grasim Industries Ltd. Spice 638
  • Aditya Birla Chemicals (India) Limited
  • UltraTech Cement Limited

Competitors

  • Gujarat Alkalies & Chemicals Ltd.
Last Updated on 4 Oct, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more