Grasim Industries Limited (GRASIM) Share Price, Dividend & Analysis | Anvest

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Grasim Industries is a flagship company of the Aditya Birla Group, operating as a diversified conglomerate. It is a leading producer of Viscose Staple Fibre (VSF), Chlor-Alkali, Linen, and has significant interests in cement (through UltraTech Cement) and financial services (through Aditya Birla Capital). It primarily operates in India but has a global presence in its VSF and chemical businesses.

Building MaterialsFounded:1947CEO/MD:H. K. AgarwalHQ:Mumbai, Maharashtra

Business profile as of 2026-08-25

Business at a Glance

Key segments include Cellulosic Fibres and Fashion Yarns (42%), Chemicals (23%), and Building Materials (Paints & B2B E-commerce) (31%).
The company has 270 locations including plants, offices, and R&D facilities.

Revenue growth: +18.2%FY26 growth+14.3%3Y CAGR
EPS growth: +31.8%FY26 growth-11.0%3Y CAGR
CFO / PAT: -1.73×FY26

What Looks Strong

GrowthRevenue grew at +14.3% CAGR over three years.
MarketShareholder returns have comfortably outpaced the Nifty 500 benchmark over the 3-year period.

What to Watch

LeverageBalance sheet leverage is elevated with Debt/Equity at 1.32×.
EarningsEarnings contracted at -11.0% CAGR over the 3-year period. Watch whether cost rationalization and operational recovery arrest the decline.
Cash FlowOperating cash flow was negative (about −₹17,810 cr) against a ₹10,300 cr net profit in FY26 (consolidated). Watch working capital, receivables and inventory.
ValuationShare price has risen ~16% annualised over three years against ~-10% profit growth, increasing valuation sensitivity to a growth slowdown.

Segment revenue, FY26 (consolidated, as filed): Building Material $ 57%; Financial Services 26%; Cellulosic Fibres 10%; Chemicals # 5%; Others * 2%.
Share of segment profit before interest and tax, FY26: Building Material $ 66%; Financial Services 21%; Cellulosic Fibres 7%; Chemicals # 6%. Others * made a segment loss of ₹6,847 cr.
It also earns significant income from its substantial stake in UltraTech Cement and its financial services arm, Aditya Birla Capital, offering a wide range of financial products.

FY26 (consolidated): revenue ₹175,431 cr, up 18% from ₹148,478 cr in FY25; net profit ₹10,300 cr, up 33% from ₹7,756 cr in FY25.
FY26 (consolidated): operating cash flow −₹17,810 cr (-1.7× net profit); debt/equity 1.32×.
Latest quarter to Jun 2026 (consolidated): revenue ₹48,716 cr (up 21% year on year); net profit ₹3,846 cr.