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Grasim Industries Ltd

BSE Code : 500300 | NSE Symbol : GRASIM | ISIN:INE047A01021| SECTOR: - |

NSE BSE
 

910.05

23.50 (2.65%) Volume 280564

24-May-2019 EOD

Prev. Close

886.55

Open Price

892.05

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 914.55 - 914.55

52 wk High/Low 1,093.60 - 689.10

Key Stats

MARKET CAP (RS CR) 59730.63
P/E 22.74
BOOK VALUE (RS) 654.8252714
DIV (%) 310
MARKET LOT 1
EPS (TTM) 39.94
PRICE/BOOK 1.38708757842848
DIV YIELD.(%) 0.68
FACE VALUE (RS) 2
DELIVERABLES (%) 16.38

News & Announcements

24-May-2019

Grasim Industries consolidated net profit rises 58.95% in the March 2019 quarter

24-May-2019

Grasim Industries standalone net profit rises 20.94% in the March 2019 quarter

24-May-2019

Grasim Industries Ltd - Grasim Industries Limited - Change in Management

17-May-2019

Grasim Industries Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

06-May-2019

Grasim Industries schedules board meeting

05-Apr-2019

Grasim Industries allots NCDs aggregating Rs 500 crore

29-Mar-2019

Grasim Industries acquires 100% stake in Soktas India

27-Mar-2019

Grasim Industries raises Rs 500 crore by of NCD issue

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Aafloat Textiles (India) Ltd 514476 AKAIMPEX
Aditya Birla Nuvo Ltd(Merged) 500303 ABIRLANUVO
APR Ltd 503749 APRAYON
Baroda Rayon Corporation Ltd 500270 BARODARAYN
Central India Polyesters Ltd(merged) 500099 CIPL
Century Enka Ltd 500280 CENTENKA
Chandra Synthetics Ltd(liquidated) 514232
Chetak Spintex Ltd 531655
CIL Nova Petrochemicals Ltd 533407 CNOVAPETRO
Consolidated Fibres & Chemicals Ltd(liquidated) 524260
Filaments India Ltd 514472
Filatex India Ltd 526227 FILATEX
Futura Polyesters Ltd 500720 INDIANORG
Garware Nylons Ltd 503744
GSL Nova Petrochemicals Ltd 530605 GSLNOVA
Gujarat Craft Industries Ltd 526965
Gujarat Filaments Ltd 514012
Gujarat Texspin Ltd 521129
Haryana Petrochemicals Ltd 506940 HARYANPETR
India Polyfibres Ltd(merged) 500203 INDIAPOLY
Indian Acrylics Ltd 514165 INDIANACRY
Indo Rama Synthetics (India) Ltd 500207 INDORAMA
JBF Industries Ltd 514034 JBFIND
Kama Holdings Ltd 532468
Kavita Fabrics Ltd 535136
Modern Syntex (India) Ltd 500281 MODRNSYNTX
NRC Ltd 503780 NRC
Orissa Synthetics Ltd (Merged) 514024
Orkay Industries Ltd 500320 ORKAY
Paras Petrofils Ltd 521246 PARASPETRO
Parasrampuria Industries Ltd 514040 PARASIND
Parasrampuria Synthetics Ltd 514017 PARSSYNTH
Pasupati Acrylon Ltd 500456 PASUPTACRY
Prag Bosimi Synthetics Ltd 500192 PRAGBOSIMI
Rajashree Polyfil Ltd (Merged) 524620 RAJSREPOLY
Rajratan Synthetics Ltd 514430
RDB Rasayans Ltd 533608
Recron Synthetics Ltd(merged) 500362 RAYMONDSYN
Sanghi Polyesters Ltd 500375 SANGHIPOLY
Shree Synthetics Ltd 503800 SHREESYNTH
SIV Industries Ltd 500462 SIVIND
SRF Ltd 503806 SRF
Sumeet Industries Ltd 514211 SUMEETINDS
Surat Textile Mills Ltd 530185
Swadeshi Polytex Ltd 503816
Sysco Industries Ltd 539842
Vardhman Acrylics Ltd 531106 VARDHACRLC
Vera Synthetic Ltd 535068 VERA
Yogi Polyesters Ltd 526913
Zenith Fibres Ltd 514266

Share Holding

Category No. of shares Percentage
Total Foreign 167747913 25.51
Total Institutions 122766421 18.67
Total Govt Holding 9156 0.00
Total Non Promoter Corporate Holding 32928358 5.01
Total Promoters 264057728 40.16
Total Public & others 70088787 10.67
Total 657598363 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Grasim Industries Ltd

Grasim Industries Ltd, a flagship company of the Aditya Birla Group, ranks among India's largest private sector companies. It is a leading global player in viscose staple fibre (VSF), the largest chemicals (Chlor-Alkalis), largest cement producer and diversified financial services (NBFC, Asset Management and Life Insurance) player in India. The chemical business was set up given it's a critical input for manufacturing VSF, and to achieve backward integration. Grasim is the largest Caustic Soda producer in India with a capacity of 840 KTPA. Grasim's subsidiary UltraTech Cement Limited is a leading global cement manufacturer with a capacity of 93 MTPA in India (includes 4 MTPA overseas). The company has four segments: Fibre and Pulp, Chemicals, Cement and Textiles. Fibre and Pulp segment includes Viscose Staple Fibre and Rayon Grade Pulp. Chemicals include Caustic Soda and Allied Chemicals. In cement, Grasim through their subsidiary UltraTech Cement Ltd (UltraTech), has a capacity of 93 million tonnes per annum (MTPA) of grey cement. The cement segment includes Grey cement, Ready-mix concrete and White cement. Textile segment includes yarn. Their textile subsidiary is Grasim Bhiwani Textiles Ltd. The company's other subsidiaries include Sun God Trading and Investments Ltd, Harish Cement Ltd and Dakshin Cements Ltd. The company is India's pioneer in viscose staple fibre (VSF), a man-made, biodegradable fibre with characteristics akin to cotton. The company's VSF plants are located at Nagda in Madhya Pradesh, Kharach in Gujarat and Harihar in Karnataka. The company is a global leader in viscose staple fibre (VSF), with 9% global share. Grasim has presence in the financial services business through its holding in Aditya Birla Capital Limited (ABCL). As on 31 December 2017, Grasim's direct holding in ABCL stood at 55.99%. ABCL is the holding company for all the financial service businesses of the Aditya Birla Group. ABCL has a strong presence across life insurance, asset management, private equity, corporate lending, structured finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance businesses. Grasim directly held 23.14% stake in Idea Cellular Limited (Idea) as on 23 February 2018. Idea is the third largest wireless operator in India with a Revenue Market Share (RMS) of 18.8% (Q4 FY 2017). Grasim Industries Ltd was incorporated on August 25, 1947. In the year 1950, the company started production of fabrics at Gwalior with imported man-made rayon. In the year 1954, they commenced VSF production at Nagda in Madhya Pradesh. In the year 1962, they set up of Engineering Division for plant and machinery for VSF. In the year 1963, they started composite textile mill at Bhiwani in Haryana. In the year 1968, they commenced Rayon production at Mavoor, Kerala. In the year 1972, the company commenced production of rayon grade caustic soda for VSF production at Nagada. In the year 1977, the company started production at their third rayon plant at Harihar in Karnataka. In the year 1985, Vikram Cement, the company's first cement plant went on stream at Jawad in Madhya Pradesh. In the year 1987, they commenced second production line of Vikram Cement. In the year 1991, they added the third production line of Vikram Cement. In the year 1992, the company set up Birla International Marketing Corporation (BIMC), a merchant exporter. In the year 1993, they commissioned Vikram Ispat, India's third largest gas-based sponge iron plant. Also, they set up Birla Consultancy & Software Services to provide IT consulting services and for software development. In the year 1995, the company commissioned two greenfield cement plants namely, Grasim Cement at Rawan in Chattisgarh and Aditya Cement at Shambhupura in Rajasthan. In the year 1996, they commissioned the first phase of the company's fourth VSF plant at Kharach in Gujarat. In the year 1999, the company's viscose staple fibre (VSF) and rayon grade pulp units at Mavoor were closed down owing to lack of raw material. In the year 1998, the cement business of Indian Rayon and Industries Ltd, a group company was demerged and transferred to the company. Also, the company in association with Timbec Inc set up a joint venture company namely, Atholville Pulp Mill at Canada. In the year 2000, the company set up the Lawson Competency Centre as a division of Birla Consultancy & Software Services, the software arm of Grasim, following a tie up with Lawson Software (USA). In the year 2001, the company demerged the Consultancy and software service into a separate entity, namely Birla Technologies Ltd. They commissioned four Ready-Mix Concrete plants with an aggregate capacity of one million cubic meters. In October 2002, the company acquired 10% stake in L&T and increased their stake to 15.3%. In the year 2002, the company divested Gwalior textiles unit and the textile operations were consolidated at Bhiwani to manufacture 'Grasim' and 'Graviera' brands. Also, Dharani Cements Ltd merged with the company. The company set up VSF Research & Application Centre at Kharach in Gujarat. In the year 2004, the company acquired the controlling stake in UltraTech CemCo Ltd (now UltraTech Cement Ltd). In the year 2005, the company acquired St. Anne Nackawic Pulp Mill, Canada with Tembec Inc. In the year 2006, the company formed a joint venture company, Birla Jingwei Fibres Company Ltd. Also, they acquired VSF plant in China. In the year 2007, the company divested their share in Shree Digvijay Cement Company Ltd. They transferred textile units at Bhiwani to a subsidiary company, Grasim Bhiwani Textiles Ltd. Also, they commissioned eighteen ready-mix concrete plants. In the year 2008, the company commissioned brownfield expansion at Aditya Cement at Shambhupura (Rajasthan). During the year 2009-10, the company completed their ongoing cement expansions and commissioned the 3.1 million TPA grinding capacity at Kotputli, Rajasthan. In May 22, 2009, the company hived off their sponge iron business by way of slump sale. As per the scheme of arrangement, the cement business of the company was demerged into Samruddhi Cement Ltd (Samruddhi), a subsidiary of the company with effect from October 1, 2009. Concurrently, Samruddhi Cement Ltd was amalgamated with UltraTech Cement Ltd with effect from July 1, 2010. During th eyear 2010-11, the company acquired 1/3rd stake in Aditya Holding AB, Sweden, a leading manufacturer of specialty pulp used in the manufacture of VSF, which acquired Domsjo Fabriker AB (Domsjo), Sweden, at an enterprise value of Swedish Kroner (SEK) 2.12 Billion (approx. Rs 1,570 crore). In September 2010, UltraTech completed acquisition of ETA Star Cement Company LLC comprising of 2.3 million TPA clinker facility and grinding units of 2.1 million TPA in UAE, 0.4 million TPA in Bahrain and 0.5 million TPA in Bangladesh. With this acquisition, UltraTech gained direct access to the markets in the Middle East and neighbouring regions. Consequent to this acquisition, UltraTech's capacity stands augmented at 52 million TPA. In August 2011, the company acquired Aditya Birla Power Ventures Ltd and thus Aditya Birla Power Ventures Ltd became a subsidiary company. In 2014, Grasim commissioned its state-of-the-art VSF plant at Vilayat in Gujarat. On 11 February 2015, the Board of Directors of Grasim Industries approved the proposed merger of Aditya Birla Chemicals (India) Limited (ABCIL) with Grasim. The swap ratio approved by the board was one equity share of Grasim for every 16 shares of ABCIL held on record date. On 5 January 2016, ABCIL announced the completion of merger process with Grasim Industries. The Board of Directors of Grasim Industries, Aditya Birla Nuvo Limited (ABNL) and Aditya Birla Financial Services Limited (ABFSL) at their respective meetings held on 11 August 2016 approved the merger of ABNL into Grasim and the subsequent demerger and listing of its financial services business through a composite scheme of arrangement. ABNL is a diversified conglomerate with various business interests including manufacturing of fertilizers, viscose filament yarn, chemicals, insulators, textiles etc., financial services and telecom. The financial services business is a division of ABNL and is engaged in the activity of fund based lending, making, holding and nurturing investments in financial services sector. As per the swap ratio for merger, each shareholder of ABNL will get 3 equity shares of Grasim for every 10 equity shares held in ABNL on record date. For demerger of financial services business into ABFSL, each shareholder of Grasim (post-merger) will receive 7 equity shares in ABFSL for every 1 equity share held in Grasim. On 1 June 2017, the National Company Law Tribunal (NCLT) approved the Composite Scheme of Arrangement involving the merger of Aditya Birla Nuvo (ABNL) with Grasim to be followed by the listing of Aditya Birla Financial Services Ltd (ABFSL). The merger of ABNL with Grasim became effective from 1 July 2017. The name of Aditya Birla Financial Services was changed to Aditya Birla Capital Limited (ABCL) on 21 June 2017. ABCL got listed on the stock exchanges on 1 September 2017. ABCL is the holding company of all the financial service businesses of the Aditya Birla Group. It has a significant presence across several business sectors including NBFC, asset management, life insurance, health insurance and wellness, housing finance, private equity, general insurance broking, wealth management, broking, online personal finance management, and pension fund management. On 12 December 2017, Grasim announced that it has received the rights to manage and operate Viscose Filament Yarn (VFY) business of Century Textiles & Ind. Ltd. (CTIL) from CTIL for a period of 15 years. Consequently, Grasim will have Right to Use' the relevant assets. The ownership of the assets will remain with CTIL. CTIL has installed capacity of 25,000 tonnes of VFY. With Grasim's VFY capacity of 21,300 tonnes, the combined capacity will increase to 46,300 tonnes. As part of the transaction, Grasim will pay to CTIL commuted value of royalty of Rs 600 crore, refundable security deposit of Rs 200 crore and net working capital at closing estimated at Rs 165 crore. On 16 March 2018, Grasim Industries announced that the production capacity of epoxy resin, reactive diluents and hardeners at the company's epoxy plant at Vilayat (Gujarat) has increased from 82,350 metric tonnes (MT) per annum to 1.23 lakh MT per annum through de-bottlenecking process.

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