Grasim Industries Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Grasim Industries Ltd?

Grasim Industries Ltd is trading at 3,288.00 as of 05 September 2026, with a FY2026-2027 high of 3,412 and low of 2,502. The stock is currently near its 52-week high. Market cap stands at 2,23,760 Cr..

Q: Is Grasim Industries Ltd financially healthy?

Key indicators: ROCE of 8.01 % is on the lower side. Dividend yield is 0.30 %.

Q: Is Grasim Industries Ltd profitable and how is the profit trend?

Grasim Industries Ltd reported a net profit of 10,300 Cr in Mar 2026 on revenue of 175,431 Cr. Compared to 11,078 Cr in Mar 2023, the net profit shows a declining trend.

Fair Value

₹2,368.80Overvalued by 27.96%vs CMP ₹3,288.00

P/E (39.0) × ROE (5.0%) × BV (₹1,520.00) × DY (0.30%)

₹2,124.28Overvalued by 35.39%vs CMP ₹3,288.00

MoS: -54.8% (Negative)Confidence: 56/100 (Moderate)Models: 1 Fair, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹2,279.27	30%	Over (-30.7%)
Graham Number	Earnings	₹1,682.28	22%	Over (-48.8%)
Net Asset Value	Assets	₹1,520.42	10%	Over (-53.8%)
EV/EBITDA	Enterprise	₹3,120.59	12%	Fair (-5.1%)
Earnings Yield	Earnings	₹827.50	10%	Over (-74.8%)
ROCE Capital	Returns	₹2,949.54	10%	Over (-10.3%)
Revenue Multiple	Revenue	₹2,577.84	7%	Over (-21.6%)
Consensus (7 models)		₹2,124.28	100%	Overvalued

Key Drivers: ROE 5.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.8%

*Investments are subject to market risks

Analyst Summary

Grasim Industries Ltd operates in the Cement segment, NSE: GRASIM | BSE: 500300, current market price is ₹3,288.00, market cap is 2,23,760 Cr.. At a glance, stock P/E is 39.0, ROE is 4.98 %, ROCE is 8.01 %, book value is 1,520, dividend yield is 0.30 %. The latest intrinsic value estimate is ₹2,124.28, around 35.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹175,431 Cr versus the prior period change of 18.2%, while latest net profit is about ₹10,300 Cr with a prior-period change of 32.8%. The 52-week range shown on this page is 3,412/2,502, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGrasim Industries Ltd. is a Public Limited Listed company incorporated on 25/08/1947 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for Grasim Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Grasim Industries Ltd scores 56/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health54/100 · Moderate

ROCE 8.0% AverageROE 5.0% WeakD/E 0.95 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding up 0.26% (6mo) Slight increaseDII holding down 1.14% MF sellingPromoter holding at 43.7% Stable

Earnings Quality60/100 · Moderate

OPM stable around 20% SteadyWorking capital: -105 days (improving) Efficient

Quarterly Momentum68/100 · Strong

Revenue (4Q): +15% YoY GrowingProfit (4Q): +7% YoY Positive

Industry Rank40/100 · Moderate

P/E 39.0 vs industry 35.9 In-lineROCE 8.0% vs industry 8.6% AverageROE 5.0% vs industry 13.6% Below peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 6:42 am

Market Cap	2,23,760 Cr.
Current Price	3,288
Intrinsic Value	₹2,124.28
High / Low	3,412/2,502
Stock P/E	39.0
Book Value	1,520
Dividend Yield	0.30 %
ROCE	8.01 %
ROE	4.98 %
Face Value	2.00
PEG Ratio	-10.32

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Grasim Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Grasim Industries Ltd	2,23,760 Cr.	3,288	3,412/2,502	39.0	1,520	0.30 %	8.01 %	4.98 %	2.00
UltraTech Cement Ltd	3,38,999 Cr.	11,504	13,110/10,325	39.3	2,600	2.09 %	12.7 %	11.1 %	10.0
Ambuja Cements Ltd	1,01,567 Cr.	409	601/394	21.6	240	0.49 %	5.61 %	8.85 %	2.00
Shree Cement Ltd	86,666 Cr.	24,020	30,880/22,550	56.8	6,239	0.62 %	10.6 %	7.80 %	10.0
J K Cements Ltd	40,299 Cr.	5,216	7,124/4,670	41.3	911	0.38 %	15.1 %	15.6 %	10.0
Industry Average	37,285.20 Cr	1,757.86		35.89	605.89	0.68%	8.58%	13.64%	7.13

All Competitor Stocks of Grasim Industries Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	27,486	28,638	33,462	31,065	30,221	31,965	37,727	34,610	34,223	35,378	44,267	40,118	39,900
Expenses	22,894	23,775	27,332	24,708	24,173	25,073	29,835	27,927	28,197	28,575	35,517	31,296	32,228
Operating Profit	4,591	4,863	6,131	6,357	6,048	6,893	7,892	6,682	6,026	6,804	8,750	8,822	7,671
OPM %	17%	17%	18%	20%	20%	22%	21%	19%	18%	19%	20%	22%	19%
Other Income	254	2,972	308	296	285	256	-48	247	403	382	485	372	406
Interest	1,373	1,608	1,816	2,032	2,226	2,433	2,586	2,795	3,027	3,270	3,407	3,551	3,669
Depreciation	1,116	1,139	1,207	1,183	1,245	1,244	1,329	1,443	1,572	1,608	1,831	1,810	1,899
Profit before tax	2,356	5,087	3,415	3,438	2,862	3,472	3,928	2,691	1,830	2,308	3,996	3,834	2,510
Tax %	36%	12%	31%	25%	29%	25%	31%	23%	46%	25%	26%	28%	40%
Net Profit	1,509	4,455	2,356	2,576	2,024	2,603	2,722	2,066	983	1,734	2,973	2,767	1,498
EPS in Rs	14.83	36.97	20.12	23.17	17.10	22.25	20.80	16.33	4.78	12.45	21.98	20.85	8.13

Last Updated: January 1, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 25, 2026, 2:30 am

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	31,734	34,487	36,068	55,894	77,200	68,252	76,404	95,701	117,627	130,978	148,478	175,431	184,029
Expenses	26,590	28,576	28,682	44,281	60,560	57,880	57,769	75,270	96,038	103,783	120,216	139,135	145,462
Operating Profit	5,144	5,911	7,387	11,612	16,640	10,373	18,635	20,431	21,589	27,195	28,262	36,296	38,567
OPM %	16%	17%	20%	21%	22%	15%	24%	21%	18%	21%	19%	21%	21%
Other Income	530	1,320	1,076	410	-1,846	7,076	1,130	1,648	3,733	783	1,517	1,047	932
Interest	667	718	702	3,663	6,060	6,890	5,723	4,776	6,044	9,277	12,500	15,144	15,891
Depreciation	1,563	1,834	1,808	2,724	3,571	4,004	4,033	4,161	4,552	5,001	6,454	7,726	7,904
Profit before tax	3,443	4,679	5,952	5,635	5,163	6,554	10,009	13,143	14,727	13,700	10,825	14,473	15,704
Tax %	30%	26%	29%	35%	47%	-1%	30%	15%	25%	28%	28%	29%
Net Profit	2,582	3,455	4,246	3,688	2,745	6,639	6,987	11,206	11,078	9,926	7,756	10,300	11,261
EPS in Rs	36.75	51.15	65.64	39.43	24.91	64.90	63.30	110.96	100.33	85.42	54.46	72.98	82.75
Dividend Payout %	9%	9%	8%	15%	27%	6%	14%	9%	10%	12%	18%	14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025	2025-2026
YoY Net Profit Growth (%)	33.81%	22.89%	-13.14%	-25.57%	141.86%	5.24%	60.38%	-1.14%	-10.40%	-21.86%	32.80%
Change in YoY Net Profit Growth (%)	0.00%	-10.92%	-36.04%	-12.43%	167.43%	-136.62%	55.14%	-61.53%	-9.26%	-11.46%	54.66%

Grasim Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2015-2016 to 2025-2026.

Growth

Compounded Sales Growth
10 Years:	17%
5 Years:	17%
3 Years:	16%
TTM:	14%

Compounded Profit Growth
10 Years:	9%
5 Years:	-6%
3 Years:	-21%
TTM:	-22%

Stock Price CAGR
10 Years:	18%
5 Years:	32%
3 Years:	18%
1 Year:	2%

Return on Equity
10 Years:	7%
5 Years:	7%
3 Years:	6%
Last Year:	4%

Last Updated: September 5, 2025, 5:15 am

Balance Sheet

Last Updated: September 4, 2026, 6:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	92	93	93	131	132	132	132	132	132	133	136	136
Reserves	23,048	27,336	31,294	57,230	57,888	56,501	65,362	75,567	78,610	88,520	97,373	103,334
Borrowings	11,930	12,505	9,213	67,070	84,487	84,777	79,078	74,744	103,039	137,155	186,326	227,853
Other Liabilities	18,963	19,642	22,147	83,467	98,620	102,772	122,777	138,706	155,042	186,309	216,206	237,811
Total Liabilities	54,033	59,576	62,747	207,899	241,127	244,181	267,349	289,149	336,823	412,116	500,040	569,134
Fixed Assets	31,828	34,271	34,786	69,257	87,129	87,736	85,023	88,996	94,896	100,494	141,148	149,452
CWIP	2,755	1,788	1,297	2,290	2,766	3,904	5,769	6,615	7,778	18,358	14,765	16,465
Investments	7,255	10,601	14,200	65,995	62,747	66,337	88,017	96,766	105,355	129,306	140,496	154,982
Other Assets	12,194	12,916	12,464	70,356	88,484	86,204	88,540	96,771	128,793	163,959	203,632	248,236
Total Assets	54,033	59,576	62,747	207,899	241,127	244,181	267,349	289,149	336,823	412,116	500,040	569,134

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	4,594	5,868	7,288	-4,140	-1,659	16,620	15,075	7,038	-12,685	-10,719	-17,170	-17,810
Cash from Investing Activity +	-2,359	-4,515	-3,509	1,546	-2,212	-11,364	-7,146	-1,053	-13,712	-23,114	-23,313	-17,798
Cash from Financing Activity +	-2,278	-1,365	-3,799	3,449	4,158	-3,418	-8,003	-6,733	26,469	33,908	42,978	33,523
Net Cash Flow	-42	-11	-20	856	287	1,838	-75	-748	72	75	2,495	-2,085
Free Cash Flow	1,315	3,120	5,495	-7,186	-5,667	11,638	11,525	-1,467	-24,610	-30,042	-33,688	-33,130
CFO/OP	95%	119%	112%	-21%	1%	177%	91%	49%	-49%	-30%	-52%	-42%

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	-6.00	-7.00	-2.00	-56.00	-68.00	-74.00	-61.00	-54.00	-82.00	-110.00	-158.00	-191.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	32	30	32	30	34	32	31	21	21	18	19	23
Inventory Days	209	207	168	163	170	154	179	179	200	180	194	179
Days Payable	160	102	97	117	146	133	172	229	239	216	221	177
Cash Conversion Cycle	82	136	103	76	58	53	38	-29	-18	-17	-7	25
Working Capital Days	1	-44	-56	-19	-95	-47	-84	-103	-88	-75	-91	-105
ROCE %	10%	9%	11%	13%	10%	8%	8%	9%	9%	10%	9%	8%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	42.75%	42.75%	43.05%	43.05%	43.11%	43.11%	43.11%	43.11%	43.11%	43.21%	43.73%	43.73%
FIIs	12.17%	12.52%	12.70%	13.69%	13.78%	13.50%	13.45%	13.79%	14.37%	14.49%	14.91%	14.63%
DIIs	16.90%	16.70%	16.69%	16.66%	17.75%	17.90%	18.24%	17.91%	17.27%	16.99%	16.28%	16.13%
Public	27.80%	27.69%	27.24%	26.29%	25.04%	25.17%	24.87%	24.87%	24.92%	24.93%	24.75%	25.15%
Others	0.35%	0.33%	0.31%	0.30%	0.31%	0.31%	0.30%	0.30%	0.31%	0.36%	0.34%	0.34%
No. of Shareholders	2,39,780	2,34,446	2,52,317	2,53,671	2,65,202	2,58,955	2,55,169	2,47,628	2,44,718	2,38,208	2,44,870	2,41,017

Shareholding Pattern Chart

No. of Shareholders

Grasim Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Franklin India Flexi Cap Fund	1,649,761	2.38	465.07	1,592,108	2025-12-07 06:48:42	3.62%
Quant ELSS Tax Saver Fund	1,498,059	3.6	422.3	683,000	2025-12-07 06:48:42	119.34%
SBI Contra Fund	1,115,585	0.65	314.48	1,000,000	2025-12-07 06:48:42	11.56%
Aditya Birla Sun Life Flexi Cap Fund	1,079,587	1.23	304.34	N/A	N/A	N/A
ICICI Prudential Multi Asset Fund	1,042,750	0.36	293.95	993,538	2025-12-07 06:48:42	4.95%
Nippon India Focused Fund	998,096	3.32	281.36	N/A	N/A	N/A
Franklin India ELSS Tax Saver Fund	685,013	3	193.11	658,198	2025-12-07 00:16:10	4.07%
ICICI Prudential Multicap Fund	640,713	1.14	180.62	N/A	N/A	N/A
Nippon India Large Cap Fund	602,666	0.34	169.89	N/A	N/A	N/A
ICICI Prudential Balanced Advantage Fund	590,177	0.24	166.37	606,232	2026-01-26 05:12:36	-2.65%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	55.57	85.29	103.98	114.98	65.57
Diluted EPS (Rs.)	55.50	85.29	103.88	114.98	65.50
Cash EPS (Rs.)	204.44	223.47	234.22	227.66	164.59
Book Value[Excl.RevalReserv]/Share (Rs.)	1432.80	1335.13	1866.80	1764.72	1558.52
Book Value[Incl.RevalReserv]/Share (Rs.)	1432.80	1335.13	1866.80	1764.72	1558.52
Revenue From Operations / Share (Rs.)	2181.73	1972.57	1786.56	1453.76	1160.97
PBDIT / Share (Rs.)	436.72	428.60	382.76	322.84	299.08
PBIT / Share (Rs.)	341.89	353.28	313.63	259.63	237.78
PBT / Share (Rs.)	154.70	204.99	220.50	186.03	145.62
Net Profit / Share (Rs.)	109.61	148.15	165.09	164.45	103.30
NP After MI And SOA / Share (Rs.)	54.45	84.71	103.69	114.69	65.42
PBDIT Margin (%)	20.01	21.72	21.42	22.20	25.76
PBIT Margin (%)	15.67	17.90	17.55	17.85	20.48
PBT Margin (%)	7.09	10.39	12.34	12.79	12.54
Net Profit Margin (%)	5.02	7.51	9.24	11.31	8.89
NP After MI And SOA Margin (%)	2.49	4.29	5.80	7.88	5.63
Return on Networth / Equity (%)	3.80	6.34	8.67	9.97	6.57
Return on Capital Employeed (%)	5.86	7.32	7.71	7.38	7.27
Return On Assets (%)	0.74	1.36	2.02	2.60	1.61
Long Term Debt / Equity (X)	1.27	0.97	0.84	0.61	0.80
Total Debt / Equity (X)	1.88	1.52	1.29	0.96	0.95
Asset Turnover Ratio (%)	0.32	0.34	0.15	0.12	0.08
Current Ratio (X)	0.89	0.93	1.36	1.43	1.60
Quick Ratio (X)	0.74	0.78	1.20	1.27	1.48
Inventory Turnover Ratio (X)	10.18	10.60	2.49	2.61	1.62
Dividend Payout Ratio (NP) (%)	18.02	11.68	9.63	7.84	6.10
Dividend Payout Ratio (CP) (%)	6.57	6.18	5.77	5.05	3.14
Earning Retention Ratio (%)	81.98	88.32	90.37	92.16	93.90
Cash Earning Retention Ratio (%)	93.43	93.82	94.23	94.95	96.86
Interest Coverage Ratio (X)	2.38	3.07	4.17	4.45	3.44
Interest Coverage Ratio (Post Tax) (X)	1.62	2.12	2.81	3.17	2.21
Enterprise Value (Cr.)	413908.61	332695.83	249289.17	219817.67	190182.63
EV / Net Operating Revenue (X)	2.79	2.54	2.12	2.30	2.49
EV / EBITDA (X)	13.93	11.69	9.89	10.34	9.66
MarketCap / Net Operating Revenue (X)	1.20	1.16	0.91	1.15	1.25
Retention Ratios (%)	81.97	88.31	90.36	92.15	93.89
Price / BV (X)	1.82	1.71	1.37	1.45	1.46
Price / Net Operating Revenue (X)	1.20	1.16	0.91	1.15	1.25
EarningsYield	0.02	0.03	0.06	0.06	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Grasim Industries Ltd and is it undervalued?

As of 05 September 2026, Grasim Industries Ltd's intrinsic value is ₹2124.28, which is 35.39% lower than the current market price of ₹3,288.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.98 %), book value (₹1,520), dividend yield (0.30 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Grasim Industries Ltd?

Grasim Industries Ltd is trading at ₹3,288.00 as of 05 September 2026, with a FY2026-2027 high of ₹3,412 and low of ₹2,502. The stock is currently near its 52-week high. Market cap stands at ₹2,23,760 Cr..

How does Grasim Industries Ltd's P/E ratio compare to its industry?

Grasim Industries Ltd has a P/E ratio of 39.0, which is above the industry average of 35.89. The premium over industry average may reflect growth expectations or speculative interest.

Is Grasim Industries Ltd financially healthy?

Key indicators for Grasim Industries Ltd: ROCE of 8.01 % is on the lower side compared to the industry average of 8.58%; ROE of 4.98 % is below ideal levels (industry average: 13.64%). Dividend yield is 0.30 %.

Is Grasim Industries Ltd profitable and how is the profit trend?

Grasim Industries Ltd reported a net profit of ₹10,300 Cr in Mar 2026 on revenue of ₹175,431 Cr. Compared to ₹11,078 Cr in Mar 2023, the net profit shows a declining trend.

Does Grasim Industries Ltd pay dividends?

Grasim Industries Ltd has a dividend yield of 0.30 % at the current price of ₹3,288.00. The company pays dividends, though the yield is modest.