Asia300

Grasim Industries Ltd.

India

  • 1m
  • 3m
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Oct 19, 2017
Prev close: 1,129.6
Oct 19, 2017
Market cap:
Market cap(USD):
742,524M
11,403.49M
Shares: 657.33M

Currency in INR

Company profile

Market(Ticker): BOM(500300)
Sector:
Industry:
Non-Energy Minerals
Construction Materials
Full time employees: 15,342

Business summary

Grasim Industries Ltd. manufactures viscose staple fibre, cement, chemicals, and textiles. It operates through the following segments: Fibre & Pulp, Chemicals and Others. The Fibre and Pulp segment includes viscose staple fibre and rayon grade pulp. The Chemicals segment produces caustic soda, epoxy and other allied chemicals. The Others segment manufactures textiles such as fabrics and synthetic yarns. The company was founded on August 25, 1947 and is headquartered in Nagda, India.

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.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 359,343.5M
Gross profit 140,382.6M
Operating income 56,355.5M
Income before tax 58,229.2M
Net income 31,673M
EBITDA 74,024.9M
Diluted EPS 67.77
Dividends per share 5.5
Total assets 644,320.8M
Total liabilities 233,337M
Total equity 312,770.2M
Operating cash flow 67,914.2M

Currency in INR

Revenue 5,358.77M
Gross profit 2,093.47M
Operating income 840.41M
Income before tax 868.35M
Net income 472.32M
EBITDA 1,103.90M
Diluted EPS 1.01
Dividends per share 0.08
Total assets 9,922.55M
Total liabilities 3,593.39M
Total equity 4,816.66M
Operating cash flow 1,012.78M

Currency in USD

Valuation measures

Mar 2017

PER 15.46
ROA 5.03%
ROE 10.81%
Operating margin 15.68%
Profit margin 8.81%

Key executive

  • Managing Director & Director: Dilip Roopsingh Gaur
  • President, Secretary & Compliance Officer: Hutokshi R. Wadia
  • CFO & Additional Whole Time Director: Sushil Kumar Agarwal
  • Chief Executive Officer-Textile Business: Thomas Varghese
  • Chief Financial Officer-Cement Business: K. C. Birla

Share holders

  • Aditya Birla Group(10.7%)
  • Life Insurance Corp. of India(4.4%)
  • Pilani Investment & Industries Corp. Ltd.(3.3%)
  • Capital Research & Management Co. (World Investors)(2.6%)
  • Aberdeen Asset Management (Asia) Ltd.(2.5%)
  • Aberdeen Asset Managers Ltd.(2.5%)
  • Hindalco Industries Ltd.(2.3%)
  • BlackRock Fund Advisors(1.3%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.3%)
  • The Vanguard Group, Inc.(1.3%)

Address

  • Website: http://www.grasim.com
  • Address: Birlagram, Nagda, 456331, India
  • Phone: +91.7366.246760

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