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Grasim Industries Limited GRASIM.NS

IN · National Stock Exchange of India · XNSE · stock · Basic Materials · website

Grasim Industries Limited statistics & valuation

Market cap₹2.11T
P / E42.5×
P / S1.2×
P / B2.0×
Net margin2.9%
FCF margin-19.2%
Net debt₹2.25T
Enterprise value USD$45.4B
Earnings yield EBIT/EV3.9%
Return on capital3.8%
Graham number -49.5%₹1,584.37

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹1,584.37); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.90% 4.30% 2.50% 2.90% 2023202420252026
Gross margin (%)
42.20% 42.90% 41.50% 41.60% 2023202420252026
Operating margin (%)
10.50% 11.20% 8.20% 9.70% 2023202420252026
Return on equity (%)
8.70% 6.30% 3.80% 4.80% 2023202420252026
Shares outstanding
678.2M 678.2M 678.2M 678.2M 2023202420252026
Net debt (₹)
₹1.01T ₹1.35T ₹1.81T ₹2.25T 2023202420252026
Share buybacks (₹)
₹2.23B ₹1.71B 2023202420252026
Return on assets (%)
2.00% 1.40% 0.70% 0.90% 2023202420252026
Free cash flow margin (%)
-21.20% -23.30% -23.30% -19.20% 2023202420252026
Debt / equity (×)
1.31× 1.55× 1.91× 2.20× 2023202420252026
EPS (₹)
₹103.47 ₹85.15 ₹55.50 ₹73.13 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Grasim Industries Limited trades at about 42.9× earnings — above its 10-year norm (10-year range 16.6×–49.3×, median 38.2×).

16.6× 49.3×

Shaded band = 10-year range (16.6×–49.3×); dot = today's 42.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin41.6%41.5%42.9%42.2%
Operating margin9.7%8.2%11.2%10.5%
Net margin2.9%2.5%4.3%5.9%
FCF margin-19.2%-23.3%-23.3%-21.2%
Return on assets0.9%0.7%1.4%2.0%
Return on equity4.8%3.8%6.3%8.7%
Debt / equity1.52×1.27×0.97×0.85×
Current ratio0.950.870.930.97

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.