Grasim Industries Ltd Share Price ₹3,106

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Grasim Industries Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	33,462	31,065	30,221	31,965	37,727	34,610	34,223	35,378	44,267	40,118	39,900	44,312	51,101
Expenses +	27,332	24,708	24,173	25,073	29,835	27,927	28,197	28,575	35,517	31,296	32,228	35,442	40,225
Operating Profit	6,131	6,357	6,048	6,893	7,892	6,682	6,026	6,804	8,750	8,822	7,671	8,870	10,876
OPM %	18%	20%	20%	22%	21%	19%	18%	19%	20%	22%	19%	20%	21%
Other Income +	308	296	285	256	-48	247	403	382	485	372	406	65	259
Interest	1,816	2,032	2,226	2,433	2,586	2,795	3,027	3,270	3,407	3,551	3,669	3,909	4,015
Depreciation	1,207	1,183	1,245	1,244	1,329	1,443	1,572	1,608	1,831	1,810	1,899	1,975	2,042
Profit before tax	3,415	3,438	2,862	3,472	3,928	2,691	1,830	2,308	3,996	3,834	2,510	3,051	5,078
Tax %	31%	25%	29%	25%	31%	23%	46%	25%	26%	28%	40%	27%	25%
Net Profit +	2,356	2,576	2,024	2,603	2,722	2,066	983	1,734	2,973	2,767	1,498	2,233	3,802
EPS in Rs	20.12	23.17	17.10	22.25	20.80	16.33	4.78	12.45	21.98	20.85	8.13	15.23	28.77

Financials of Grasim Industries Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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
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
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
OPM %	16%	17%	20%	21%	22%	15%	24%	21%	18%	21%	19%	21%
Other Income +	530	1,320	1,076	410	-1,846	7,076	1,130	1,648	3,733	783	1,517	1,047
Interest	667	718	702	3,663	6,060	6,890	5,723	4,776	6,044	9,277	12,500	15,144
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
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
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
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
Dividend Payout %	9%	9%	8%	15%	27%	6%	14%	9%	10%	12%	18%	14%

Financials of Grasim Industries Ltd

Capital structure and asset base

	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	238,232
Total Liabilities	54,033	59,576	62,747	207,899	241,127	244,181	267,349	289,149	336,823	412,116	500,040	569,555
Fixed Assets +	31,828	34,271	34,786	69,257	87,129	87,736	85,023	88,996	94,896	100,494	141,148	150,040
CWIP	2,755	1,788	1,297	2,290	2,766	3,904	5,769	6,615	7,778	18,358	14,765	15,877
Investments	7,255	10,601	14,200	65,995	62,747	66,337	88,017	96,766	105,355	129,306	140,496	114,564
Other Assets +	12,194	12,916	12,464	70,356	88,484	86,204	88,540	96,771	128,793	163,959	203,632	289,074
Total Assets	54,033	59,576	62,747	207,899	241,127	244,181	267,349	289,149	336,823	412,116	500,040	569,555

Financials of Grasim Industries Ltd

Operating, investing and financing cash movement

	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	-17,803
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	-2,090
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%

Financials of Grasim Industries Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	30	32	30	34	32	31	21	21	18	19	23	23
Inventory Days	207	168	163	170	154	179	179	200	180	194	179	130
Days Payable	102	97	117	146	133	172	229	239	216	221	177	152
Cash Conversion Cycle	136	103	76	58	53	38	-29	-18	-17	-7	25	1
Working Capital Days	-44	-56	-19	-95	-47	-84	-103	-88	-75	-91	-105	-26
ROCE %	9%	11%	13%	10%	8%	8%	9%	9%	10%	9%	8%	8%