Grasim Industries (GRASIM) Stock Price, Fundamentals & Analysis

What GRASIM does

Grasim Industries (GRASIM) is a diversified conglomerate headquartered in Mumbai, India, listed on the National Stock Exchange of India and part of the National Stock Exchange of India stocks universe. The company employs around 28,259 people and operates through several segments: Cellulosic Fibres, Chemicals, Building Materials, Financial Services, and Others.

Its core products include cellulosic staple fibre and fashion yarns, chlor-alkali chemicals such as caustic soda and chlorine derivatives, and specialty chemicals like epoxy polymers and curing agents. In building materials, it produces grey cement, white cement-based putty, and ready-mix concrete, and has entered decorative paints under the Birla Opus brand — a space where it competes with peers like Asian Paints (ASIANPAINT). Its cement operations sit alongside group company UltraTech Cement (ULTRACEMCO). Grasim also runs Birla Pivot, a business-to-business e-commerce platform for construction materials, and offers financial services including housing finance, wealth management, and insurance.

Key numbers explained

• Market cap of 2.16T INR — the total value of all shares; a figure this size makes GRASIM one of the larger companies on the exchange.
• Trailing P/E ratio of 38 — the price is 38 times the last twelve months of earnings per share (83.92 INR). The forward P/E ratio of 21.1 is lower because it is based on expected earnings, meaning the market anticipates profit growth.
• Dividend yield of 0.31%, with only 12% of earnings paid out as dividends — income is a minor part of the return profile; the ex-dividend date is Aug 7, 2026.
• 52-week price range of 2,502.5 – 3,411.1 INR, with the current price of 3,191 INR (+0.77% today) sitting in the upper part of that range after a 15.3% gain over 52 weeks.
• Revenue of 1.84T INR grew 21.4% year over year, but the profit margin is 3.1% versus an operating margin of 18.8% — a gap typical of capital-intensive basic materials businesses.
• Beta of 0.37 suggests the stock has historically moved less than the broader market.
• Debt-to-equity ratio of 135% and price-to-book of 2.09 round out the picture: meaningful leverage relative to equity, with the share price trading at about twice the accounting book value.

What to watch

As a Basic Materials / Building Materials company, GRASIM's results tend to track construction activity, infrastructure spending, and input costs such as energy and chemicals. Its expansion into paints puts it in direct competition with established players like Asian Paints (ASIANPAINT), so market-share dynamics in that segment are worth following. Commodity price cycles affect peers across the sector, including Tata Steel (TATASTEEL), JSW Steel (JSWSTEEL), and Hindalco Industries (HINDALCO), and can influence sentiment toward the whole group. The relatively low profit margin versus operating margin means financing costs and leverage can have an outsized effect on net profit. The next earnings date is Nov 5, 2026.