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Grasim Industries Q1 FY27 Share Price & Earnings Call Analysis

₹2,932.80+1.13% today
Market cap
₹2.00L Cr
P/E
34.78
ROE
4.98%
PEG
-3.54
Price to sales
1.07
Debt to equity
2.20
52W high / low
₹3,380 / ₹2,531
Sales growth (5Y)
18.09%
EBITDA margin
20.96%
Net profit margin
5.92%
Promoter holding
45.20%
Sales (last year)
₹1.84L Cr

Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertiliser, textile, etc. [1]

Guidance scorecard · Q1 FY27 call

What Grasim Inds's management guided
and where it ranks in Cement & Cement Products

#1of 17 in
Cement & Cement Products
Revenue40%+MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

40%+
  • Paints: Birla Opus targets INR10,000 crores revenue by FY28; revenue grew 64% YoY in Q1 FY27; market share gaining steadily.
  • B2B E-commerce (Birla Pivot): Rapid growth with annualized run rate above INR10,000 crores; platform scaling with improved revenue mix and buyer-seller ecosystem.
  • Cellulosic Fibers: Expansion projects underway (totaling 165,000 TPA capacity) with growth driven by specialty fiber exports; revenue grew 12% YoY despite volume dip.
  • Chemicals: Growth expected with increased chlorine integration to 68% by FY27 end; continued focus on specialty chemicals with margin improvement.
  • Cement: Continued volume growth (12% YoY in Q1) supported by capacity expansion to 205.5 million tons.

2 more points from Grasim Inds's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Grasim Inds said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned

Ask what Grasim Inds said on capex →

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Grasim Inds said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Birla Opus paint business has a robust pipeline with 47,000 project sites at various stages of work, indicating a strong order intake.
  • Institutional business is scaling with nearly 11,000 project sites billed during the quarter.
  • Birla Pivot's B2B e-commerce platform continues strong growth with an annualized run rate above INR 10,000 crores, suggesting strong demand and order flow.
Full Q1 FY27 analysis
Full Cement & Cement Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Cement & Cement Products
on management's own guidance

  1. BIGBLOC Const.Good growth
    2
  2. This stockGrasim IndsStrong growth
    1
  3. J K Cements LtdGood growth
    3
See all potential multibaggersAll Cement & Cement Products rankings

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Cement & Cement Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Grasim IndsThis stock40%+Flat₹1.99L Cr34.6
2BIGBLOC Const.20–40%Up 2%+₹613 Cr364.4
3J K Cements Ltd20–40%Flat₹37,843 Cr38.8
410–20%Up 2%+₹1,289 Cr—
510–20%Flat₹3.21L Cr37.3
610–20%Flat₹83,058 Cr50.9

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Grasim Inds announcements

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Financials of Grasim Inds

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

Financials of Grasim Inds

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +33,46231,06530,22131,96537,72734,61034,22335,37844,26740,11839,90044,31251,101
Expenses +27,33224,70824,17325,07329,83527,92728,19728,57535,51731,29632,22835,44240,225
Operating Profit6,1316,3576,0486,8937,8926,6826,0266,8048,7508,8227,6718,87010,876
OPM %18%20%20%22%21%19%18%19%20%22%19%20%21%
Other Income +308296285256-4824740338248537240665259
Interest1,8162,0322,2262,4332,5862,7953,0273,2703,4073,5513,6693,9094,015
Depreciation1,2071,1831,2451,2441,3291,4431,5721,6081,8311,8101,8991,9752,042
Profit before tax3,4153,4382,8623,4723,9282,6911,8302,3083,9963,8342,5103,0515,078
Tax %31%25%29%25%31%23%46%25%26%28%40%27%25%
Net Profit +2,3562,5762,0242,6032,7222,0669831,7342,9732,7671,4982,2333,802
EPS in Rs20.1223.1717.1022.2520.8016.334.7812.4521.9820.858.1315.2328.77

Financials of Grasim Inds

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +31,73434,48736,06855,89477,20068,25276,40495,701117,627130,978148,478175,431
Expenses +26,59028,57628,68244,28160,56057,88057,76975,27096,038103,783120,216139,135
Operating Profit5,1445,9117,38711,61216,64010,37318,63520,43121,58927,19528,26236,296
OPM %16%17%20%21%22%15%24%21%18%21%19%21%
Other Income +5301,3201,076410-1,8467,0761,1301,6483,7337831,5171,047
Interest6677187023,6636,0606,8905,7234,7766,0449,27712,50015,144
Depreciation1,5631,8341,8082,7243,5714,0044,0334,1614,5525,0016,4547,726
Profit before tax3,4434,6795,9525,6355,1636,55410,00913,14314,72713,70010,82514,473
Tax %30%26%29%35%47%-1%30%15%25%28%28%29%
Net Profit +2,5823,4554,2463,6882,7456,6396,98711,20611,0789,9267,75610,300
EPS in Rs36.7551.1565.6439.4324.9164.9063.30110.96100.3385.4254.4672.98
Dividend Payout %9%9%8%15%27%6%14%9%10%12%18%14%

Financials of Grasim Inds

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital929393131132132132132132133136136
Reserves23,04827,33631,29457,23057,88856,50165,36275,56778,61088,52097,373103,334
Borrowings +11,93012,5059,21367,07084,48784,77779,07874,744103,039137,155186,326227,853
Other Liabilities +18,96319,64222,14783,46798,620102,772122,777138,706155,042186,309216,206238,232
Total Liabilities54,03359,57662,747207,899241,127244,181267,349289,149336,823412,116500,040569,555
Fixed Assets +31,82834,27134,78669,25787,12987,73685,02388,99694,896100,494141,148150,040
CWIP2,7551,7881,2972,2902,7663,9045,7696,6157,77818,35814,76515,877
Investments7,25510,60114,20065,99562,74766,33788,01796,766105,355129,306140,496114,564
Other Assets +12,19412,91612,46470,35688,48486,20488,54096,771128,793163,959203,632289,074
Total Assets54,03359,57662,747207,899241,127244,181267,349289,149336,823412,116500,040569,555

Financials of Grasim Inds

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4,5945,8687,288-4,140-1,65916,62015,0757,038-12,685-10,719-17,170-17,810
Cash from Investing Activity +-2,359-4,515-3,5091,546-2,212-11,364-7,146-1,053-13,712-23,114-23,313-17,803
Cash from Financing Activity +-2,278-1,365-3,7993,4494,158-3,418-8,003-6,73326,46933,90842,97833,523
Net Cash Flow-42-11-208562871,838-75-74872752,495-2,090
Free Cash Flow1,3153,1205,495-7,186-5,66711,63811,525-1,467-24,610-30,042-33,688-33,130
CFO/OP95%119%112%-21%1%177%91%49%-49%-30%-52%-42%

Financials of Grasim Inds

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days303230343231212118192323
Inventory Days207168163170154179179200180194179130
Days Payable10297117146133172229239216221177152
Cash Conversion Cycle13610376585338-29-18-17-7251
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%

Guidance history

How Grasim Inds's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →40%+FlatPlannedPlanned—
Q3 FY26 call →20–40%FlatPlannedPlanned—
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

58out of 100

Momentum score · price trend

58 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−0.9%59%
Last 6 months+4.9%61%
Last 3 months−5.5%52%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Grasim Inds: 0.4 × 59 + 0.4 × 61 + 0.2 × 52 = 58.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Grasim Inds's management said in earlier quarters

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  • Ambuja Cements Ltd (Q2 FY27)

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