Grasim Industries Ltd
About
Grasim Industries Limited is a flagship company of the Aditya Birla Group. Incorporated in 1947, the company started as a textiles manufacturer in India. At present, it has transformed into a prominent and diversified entity with a strong presence in various sectors. Given that the firm is a leading global producer of Cellulosic Fibres, Diversified Chemicals, Fashion Yarn and Fabrics producer in India, it ranks amongst the top publicly listed companies. There are four plants that actively lead operations. The company has launched ‘Birla Pivot’, the B2B online marketplace for building materials. Interestingly, Grasim Industries is the largest viscose filament yarn manufacturer in India and the 3rd largest globally. The company is also the largest VFY exporter in India with exports to 45 countries.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 132498 8.4% | 122283 24.4% | 98340 27.5% | 77152 -0.1% | 77239 -1.2% | 78137 36.8% | 57109 54.4% | 36984 4.6% | 35374 5.5% | 33537 12.3% | 29854 3.2% | 28930 11.0% | 26072 17.9% | 22109 6.1% | 20848 10.4% | 18886 - |
| Net Operating Income (INR Cr) | 130978 11.35% | 117627 22.91% | 95701 25.26% | 76404 11.94% | 68252 -11.59% | 77200 38.12% | 55894 54.97% | 36068 4.58% | 34487 5.02% | 32838 11.99% | 29323 5.07% | 27909 10.55% | 25245 17.14% | 21550 8.00% | 19955 8.76% | 18348 7.57% |
| Profit (INR Cr) | 5624 -17.6% | 6827 -9.6% | 7550 75.4% | 4305 -2.4% | 4412 160.6% | 1693 -36.8% | 2679 -15.4% | 3167 28.3% | 2468 41.5% | 1744 -15.8% | 2072 -23.4% | 2704 2.2% | 2647 16.2% | 2279 -26.4% | 3096 41.6% | 2187 - |
| Assets (INR Cr) | 360056 22.4% | 294144 17.7% | 249863 7.6% | 232318 7.9% | 215404 1.9% | 211367 13.6% | 186057 267.1% | 50678 3.3% | 49049 13.9% | 43048 12.0% | 38452 7.9% | 35633 20.7% | 29529 14.1% | 25874 18.3% | 21879 14.4% | 19121 - |
| Net Worth (INR Cr) | 88652 12.6% | 78742 4.0% | 75698 15.6% | 65494 15.7% | 56632 -2.4% | 58020 1.2% | 57362 82.8% | 31387 14.4% | 27429 18.5% | 23140 7.1% | 21614 10.0% | 19657 15.5% | 17027 17.1% | 14536 16.4% | 12488 8.2% | 11539 26.0% |
| Employee Cost (INR Cr) | 7963 10.7% | 7194 13.7% | 6328 14.3% | 5535 -3.9% | 5760 6.1% | 5428 36.0% | 3992 76.2% | 2266 6.5% | 2128 -0.6% | 2141 16.0% | 1846 10.6% | 1669 21.1% | 1378 11.9% | 1232 16.1% | 1061 11.3% | 954 - |
| Interest Cost (INR Cr) | 9277 | 6044 | 4776 | 5723 | 6890 | 6060 | 3663 | 702 | 718 | 667 | 447 | 324 | 314 | 407 | 335 | 307 |
| Cash & Bank Balance (INR Cr) | 4649 | 3713 | 3253 | 5337 | 3804 | 1908 | 1316 | 2307 | 2307 | 440 | 397 | 229 | 327 | 285 | 237 | 227 |
| Total Debt (INR Cr) | 137144 | 103027 | 74733 | 79067 | 84766 | 84418 | 67014 | 9213 | 12505 | 11930 | 9681 | 9550 | 7038 | 6783 | 5599 | 5893 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.2% | 5.6% | 7.7% | 5.6% | 5.7% | 2.2% | 4.7% | 8.6% | 7.0% | 5.2% | 6.9% | 9.4% | 10.2% | 10.3% | 14.9% | 11.6% |
| Profit As % Of Assets | 1.6% | 2.3% | 3.0% | 1.9% | 2.1% | 0.8% | 1.4% | 6.3% | 5.0% | 4.1% | 5.4% | 7.6% | 9.0% | 8.8% | 14.2% | 11.4% |
| Profit As % Of Networth | 6.3% | 8.7% | 10.0% | 6.6% | 7.8% | 2.9% | 4.7% | 10.1% | 9.0% | 7.5% | 9.6% | 13.8% | 15.6% | 15.7% | 24.8% | 19.0% |
| Interest Cost to EBITDA % | 34.8% | 28.1% | 23.5% | 31.3% | 76.8% | 43.5% | 33.6% | 9.5% | 11.3% | 13.0% | 9.1% | 5.5% | 5.6% | 8.1% | 5.8% | 7.1% |
| Debt to Equity Ratio | 1.55 | 1.31 | 0.99 | 1.21 | 1.50 | 1.45 | 1.17 | 0.29 | 0.46 | 0.52 | 0.45 | 0.49 | 0.41 | 0.47 | 0.45 | 0.51 |
| RONW | 11.9% | 14.4% | 15.9% | 11.4% | 13.3% | 7.1% | 8.3% | 14.4% | 13.7% | 9.9% | 11.0% | 13.6% | 17.2% | 16.5% | 25.5% | 22.1% |
| ROCE | 8.2% | 9.0% | 8.9% | 8.4% | 8.1% | 8.1% | 9.3% | 16.4% | 14.3% | 11.1% | 10.9% | 15.0% | 18.7% | 17.8% | 27.6% | 22.3% |