Reported Earnings • May 21
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: ₹73.21 (up from ₹55.57 in FY 2025). Revenue: ₹1.75t (up 18% from FY 2025). Net income: ₹49.7b (up 34% from FY 2025). Profit margin: 2.8% (up from 2.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is expected to fall by 51% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Annuncio • May 05
Grasim Industries Limited to Report Q4, 2026 Results on May 20, 2026 Grasim Industries Limited announced that they will report Q4, 2026 results on May 20, 2026 Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹15.28 (vs ₹13.47 in 3Q 2025) Third quarter 2026 results: EPS: ₹15.28 (up from ₹13.47 in 3Q 2025). Revenue: ₹443.1b (up 27% from 3Q 2025). Net income: ₹10.4b (up 15% from 3Q 2025). Profit margin: 2.3% (down from 2.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 48% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Annuncio • Jan 30
Grasim Industries Limited to Report Q3, 2026 Results on Feb 10, 2026 Grasim Industries Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Annuncio • Jan 20
Grasim Industries Limited Appoints Sachin Sahay as CEO of Birla Opus Paints, Effective February 16, 2026 Grasim Industries Ltd. has announced that it has appointed ITC's Sachin Sahay as Chief Executive Officer of Birla Opus Paints. "Sahay has been appointed as CEO of Birla Opus Paints and will be designated as Senior Management Personnel of the company, effective February 16, 2026". The appointment comes months after the company announced the exit of Rakshit Hargave as CEO of the paints business. Prior to this,Sachin Sahay was with ITC, where he last served as Executive Vice President - Sales. He brings over 30 years of leadership experience in Sales & Marketing across entrepreneurial roles and multigeography assignments in India. He has played a pivotal role in ITC's FMCG transformation journey, including the creation and scale-up of its FMCG channel from greenfield operations to its current national footprint. In the past, Sahay has led the launch and growth of multiple brands, built largescale distribution capabilities across urban and rural markets, and driven complex transformation initiatives with a strong balance of process rigor and people leadership. He has been instrumental in implementing field force automation and streamlining common stockist operations across ITC's diverse portfolio, including cigarettes, foods, and FMCG, enabling efficient capital deployment and optimized partner engagement. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: ₹8.16 (vs ₹5.86 in 2Q 2025) Second quarter 2026 results: EPS: ₹8.16 (up from ₹5.86 in 2Q 2025). Revenue: ₹399.0b (up 19% from 2Q 2025). Net income: ₹5.53b (up 42% from 2Q 2025). Profit margin: 1.4% (up from 1.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 50% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annuncio • Oct 27
Grasim Industries Limited to Report Q2, 2026 Results on Nov 05, 2025 Grasim Industries Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Annuncio • Sep 24
Grasim Industries Limited to Report Q2, 2026 Results on Nov 14, 2025 Grasim Industries Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Upcoming Dividend • Aug 05
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 12 August 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.5%). Reported Earnings • Jul 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹55.57 (down from ₹85.29 in FY 2024). Revenue: ₹1.48t (up 13% from FY 2024). Net income: ₹37.1b (down 34% from FY 2024). Profit margin: 2.5% (down from 4.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to decline by 55% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Declared Dividend • Jul 17
Dividend of ₹10.00 announced Dividend of ₹10.00 is the same as last year. Ex-date: 12th August 2025 Payment date: 25th September 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 79% over the next 3 years. A fall of 80% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk. Annuncio • Jul 16
Grasim Industries Limited announces Annual dividend, payable on September 25, 2025 Grasim Industries Limited announced Annual dividend of INR 10.0000 per share payable on September 25, 2025, ex-date on August 12, 2025 and record date on August 12, 2025. Annuncio • Jul 15
Grasim Industries Limited, Annual General Meeting, Aug 26, 2025 Grasim Industries Limited, Annual General Meeting, Aug 26, 2025, at 11:30 Indian Standard Time. Annuncio • Jun 23
Grasim Industries Limited to Report Q1, 2026 Results on Aug 14, 2025 Grasim Industries Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Price Target Changed • Jun 09
Price target increased by 8.0% to ₹3,127 Up from ₹2,895, the current price target is an average from 10 analysts. New target price is 20% above last closing price of ₹2,609. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of ₹14.84 for next year compared to ₹55.57 last year. Reported Earnings • May 23
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹55.57 (down from ₹85.29 in FY 2024). Revenue: ₹1.50t (up 14% from FY 2024). Net income: ₹37.1b (down 34% from FY 2024). Profit margin: 2.5% (down from 4.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is expected to decline by 74% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in India are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Annuncio • May 10
Grasim Industries Limited to Report Q4, 2025 Results on May 22, 2025 Grasim Industries Limited announced that they will report Q4, 2025 results on May 22, 2025 Annuncio • Feb 11
Grasim Industries Limited Announces Cessation of Harikrishna Agarwal as Managing Director, Effective March 31, 2025 Grasim Industries Limited at its board of directors meeting held on February 10, 2025, announced that Mr. Harikrishna Agarwal will cease to be Managing Director and Key Managerial Personnel of the Company with effect from the close of business hours of 31 March 2025, due to early retirement. Earlier, he was re-appointed as the Managing Director of the Company for a period of two years with effect from 1 December 2023 up to 30 November 2025. Annuncio • Feb 10
Grasim Industries Limited Announces Cessation of Harikrishna Agarwal as Member of the Board of Directors, Effective March 31, 2025 Grasim Industries Limited at its board of directors meeting held on February 10, 2025, announced that Mr. Harikrishna Agarwal will cease to be a Member of the Board of Directors of the Company with effect from the close of business hours of 31 March 2025, due to early retirement. Earlier, he was re-appointed as the Managing Director of the Company for a period of two years with effect from 1 December 2023 up to 30 November 2025. Annuncio • Jan 14
Grasim Industries Limited Announces Suspension of Operations at Karwar Plant, Karnataka Grasim Industries Limited announced that a minor process safety incident occurred at the company’s Karwar plant, Karnataka on 11 January 2025 due to power tripping led technical malfunction. Affected workers were treated at the local hospital and are expected to make a full recovery. Immediately, all the emergency protocol services were initiated. The plant operations have been suspended, pending internal investigation, and expected to resume operations once cleared by the concerned regulatory Authorities. Annuncio • Dec 27
Grasim Industries Limited to Report Q3, 2025 Results on Feb 14, 2025 Grasim Industries Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹5.86 (vs ₹17.73 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.86 (down from ₹17.73 in 2Q 2024). Revenue: ₹335.6b (up 11% from 2Q 2024). Net income: ₹3.90b (down 67% from 2Q 2024). Profit margin: 1.2% (down from 3.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 68% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Annuncio • Oct 21
Grasim Industries Limited Announces Executive Changes Grasim Industries Limited Board of Directors based on the recommendation of Nomination and Remuneration Committee, has approved the changes in the Senior Management Personnel of the company, Mr. Omprakash Chitlange, CEO Cellulosic Fashion Yarn Business of the Company, will superannuate from the closure of business hours on 27th January 2025. Mr. Satyaki Ghosh, who is currently CEO - Domestic Textiles, will be appointed as CEO Cellulosic Fashion Yarn Business of the Company with effect from 28th January 2025. Mr. Satyaki Ghosh, a B.Sc. in Economics and an MBA by qualification, has been with the Aditya Birla Group (`Group') since 2016. During his tenure
with the Group, Mr. Satyaki has led the Domestic Textiles and Thai Acrylic Fibre businesses. He has driven multiple advancements in Domestic Textiles business, including launch of e-commerce and D2C
businesses, scale up of Linen Club Studio and leading the`Wealth out of Waste' project. He carries strong experience in B2C & B2B businesses, and across geographies. Annuncio • Sep 26
Grasim Industries Limited to Report Q2, 2025 Results on Nov 14, 2024 Grasim Industries Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Annuncio • Aug 27
Grasim Industries Limited Appoints Vadiraj Kulkarni as the Business Head (Designate) Cellulosic Fibres, Effective from 1 October 2024 Grasim Industries Limited announced the appointment of Mr. Vadiraj Kulkarni as the Business Head (Designate) Cellulosic Fibres, Senior Management Personnel of the Company with effect from 1st October 2024. Mr. Harikrishna Agarwal will continue as Managing Director of the Company and Business Director of Cellulosic Fibres and will oversee a planned and phased leadership transition over the coming months, with Mr. Vadiraj Kulkarni gradually taking the charge. Mr. Vadiraj Kulkarni, aged 51 years, will join from ITC Limited wherein he was Chief Executive Officer, Paperboards and Specialty Papers where he led an INR 80,000 million business with four plants across India. He is a senior business leader with more than 28 years of experience in P&L management, operations, and manufacturing in Agro products, Tobacco, and the Pulp and Paper divisions of ITC Limited. Under his leadership, the business doubled its topline and significantly improved margins. His strategic leadership consistently delivered strong business outcomes in a complex and competitive industry while making it the largest pulp and paperboard company in India. He holds Bachelor of Engineering (Chemical Engineering) degree from National Institute of Technology, Warangal in 1996. Annuncio • Aug 20
Grasim Industries Limited Announces Retirement of Raj Kumar as Non-Executive Director Grasim Industries Limited announced that Mr. Raj Kumar, a non-executive director of the company, liable to retire by rotation at 77th Annual General Meeting held on 20 August 2024 has not offered himself for re-appointment; accordingly, Mr. Raj Kumar retire as director effective 20 August 2024. Upcoming Dividend • Jul 31
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 06 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.5%). Reported Earnings • Jul 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹85.29 (down from ₹104 in FY 2023). Revenue: ₹1.31t (up 11% from FY 2023). Net income: ₹56.2b (down 18% from FY 2023). Profit margin: 4.3% (down from 5.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is expected to fall by 61% p.a. on average during the next 3 years compared to a 6.1% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 17
Grasim Industries Limited, Annual General Meeting, Aug 20, 2024 Grasim Industries Limited, Annual General Meeting, Aug 20, 2024, at 11:00 Indian Standard Time. Declared Dividend • Jul 17
Dividend of ₹10.00 announced Dividend of ₹10.00 is the same as last year. Ex-date: 6th August 2024 Payment date: 19th September 2024 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 84% over the next 2 years. However, it would need to fall by 87% to increase the payout ratio to a potentially unsustainable range. Annuncio • Jun 26
Grasim Industries Limited to Report Q1, 2025 Results on Aug 14, 2024 Grasim Industries Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Price Target Changed • May 25
Price target increased by 7.7% to ₹2,635 Up from ₹2,446, the current price target is an average from 12 analysts. New target price is 8.0% above last closing price of ₹2,440. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹25.45 for next year compared to ₹85.29 last year. New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings are forecast to decline by an average of 57% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Annuncio • May 23
Grasim Industries Limited Recommends Dividend for the Year Ended 31 March 2024 The Board of Directors of Grasim Industries Limited at its meeting held on May 22, 2024, recommended dividend of INR 10 per equity share of face value of 2 each (on fully paid up shares and partly paid up shares in proportion to their share in the paid up share capital) for the financial year ended 31 March 2024, subject to approval of shareholders at the upcoming Annual General Meeting of the Company. Reported Earnings • May 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹85.29 (down from ₹104 in FY 2023). Revenue: ₹1.32t (up 12% from FY 2023). Net income: ₹56.2b (down 18% from FY 2023). Profit margin: 4.3% (down from 5.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 8.5%. Revenue is expected to fall by 80% p.a. on average during the next 2 years compared to a 5.2% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹23.08 (vs ₹38.33 in 3Q 2023) Third quarter 2024 results: EPS: ₹23.08 (down from ₹38.33 in 3Q 2023). Revenue: ₹322.2b (up 13% from 3Q 2023). Net income: ₹15.1b (down 40% from 3Q 2023). Profit margin: 4.7% (down from 8.8% in 3Q 2023). Revenue is expected to fall by 52% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 44% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Annuncio • Jan 31
Grasim Industries Limited has completed a Follow-on Equity Offering in the amount of INR 39.99797 billion. Grasim Industries Limited has completed a Follow-on Equity Offering in the amount of INR 39.99797 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 22,073,935
Price\Range: INR 1812
Discount Per Security: INR 2.3556
Transaction Features: Regulation S; Rights Offering Annuncio • Jan 24
Grasim Industries Limited(NSEI:GRASIM-RE) dropped from FTSE All-World Index (USD) Grasim Industries Limited(NSEI:GRASIM-RE) dropped from FTSE All-World Index (USD) Annuncio • Jan 05
Grasim Industries Limited has filed a Follow-on Equity Offering in the amount of INR 39.99797 billion. Grasim Industries Limited has filed a Follow-on Equity Offering in the amount of INR 39.99797 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 22,073,935
Price\Range: INR 1812
Transaction Features: Rights Offering Annuncio • Dec 28
Grasim Industries Limited Announces Cessation of Santrupt Misra as Non-Executive and Non-Independent Director Grasim Industries Limited announced that Dr. Santrupt Misra vide his letter dated December 28, 2023 has stepped down as a Non-Executive and Non-Independent Director of the Company with immediate effect to pursue his other plans and engagements. Date of cessation: December 28, 2023. Annuncio • Oct 19
Grasim Industries Limited Provides Update Regarding the Incident At Century Rayon Plant, Shahad Grasim Industries Limited inform that the Department of Industrial Safety and Health ("DISH"), Kalyan has permitted the plant to restart the operations of Carbon Disulphide ("CS2") refining section of the plant, post compliance of the conditions stipulated in the said order issued by DISH. The company has also obtained requisite permission(s) from other concerned departments including Police Department and Maharashtra Pollution Control Board, Regional Office, Kalyan (MPCB) with whom we have deposited Bank Guarantee of INR 0.2 million as prescribed by MPCB which shall be forfeited for re-starting the operations as mentioned above. Accordingly,the operations of CS2 refining section have re-started on October 17, 2023. Annuncio • Sep 25
Grasim Industries Limited Informs Regarding the Incident At Century Rayon Plant, Shahad Grasim Industries Limited announced that this is in continuation to the letter dated 23rd September 2023 regarding the incident at Century Rayon plant, Shahad ("the plant"), this is to inform that company is in the receipt of theOrder from Department of Industrial Safety & Health, Kalyan (DISH) ("the Order") under the Factories Act, 1948 dated 23rd September 2023 and in accordance with the Order, Carbon Di Sulphide (CS2) refining section of the plant has been closed temporarily and shall be operational after complying the conditions stipulated in the Order. The Management has initiated the necessary steps to comply with the conditions stipulated in the said Order and further this is not likely to have a material impact on the Company's profitability. Company further inform with regrets that 2 (Two) yet to be accounted persons have been found to be deceased. Annuncio • Sep 16
Grasim Industries Limited Unveils Brand Name of Its Paints Business, Birla Opus Grasim Industries Limited unveiled the brand name of its paints business, 'Birla Opus'. The market launch of Birla Opus is scheduled for fourth quarter of 2024. Grasim will offer a full suite of high-quality products in the decorative paints segment. Ahead of the launch, Grasim has successfully piloted the first-of-its-kind painting services in key metros and introduced a range of imported wood finishes. A cutting-edge R&D facility has already been set up in Maharashtra. Grasim had previously committed an investment of INR 10,000 million towards setting up the paints business. The company's manufacturing plants located in Haryana, Punjab, Tamil Nadu, Karnataka, Maharashtra, and West Bengal, will have a total capacity of 1,332 million litres per annum (MLPA), and will serve demand centres across the country. The current estimated value of India's decorative paints industry is INR 70,000 million. The paints industry is witnessing double digit growth year- on-year driven by rising consumer aspirations and the government's push towards 'H Housing for All'. Annuncio • Jun 28
Grasim Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 Grasim Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Annuncio • May 27
Grasim Industries Limited Recommends Dividend for the Financial Year Ended 31 March 2023 Grasim Industries Limited Recommended a dividend of INR 10 (Rupees Ten Only) per equity share (of face value of 2 each) for the financial year ended 31 March 2023, subject to approval of shareholders at the upcoming Annual General Meeting ("AGM") of the Company. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹38.33 (vs ₹26.09 in 3Q 2022) Third quarter 2023 results: EPS: ₹38.33 (up from ₹26.09 in 3Q 2022). Revenue: ₹286.4b (up 17% from 3Q 2022). Net income: ₹25.2b (up 47% from 3Q 2022). Profit margin: 8.8% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 29% per year. Board Change • Feb 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. MD & Additional Director Hari Agarwal was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 02
Grasim Industries Limited Announces Resignation of Shailendra K. Jain as Non-Executive Director Grasim Industries Limited informed that Shri Shailendra K. Jain (DIN: 00022454) vide his letter dated 1st February 2023 has stepped down as a Non-Executive Director of the Company with immediate effect due to his advancing age and need to devote time for family affairs. Shri Shailendra K. Jain has been an outstanding leader associated with the Company since 1965 and contributed to realise vision of developing Grasim's Pulp and Fibre business to become a global leader. For his long-standing contribution to the Group, he was conferred with the Lifetime Contribution Award in 2004 and Aditya Birla Group Ratna Award in 2017. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹15.37 (vs ₹20.21 in 2Q 2022) Second quarter 2023 results: EPS: ₹15.37 (down from ₹20.21 in 2Q 2022). Revenue: ₹274.9b (up 22% from 2Q 2022). Net income: ₹10.1b (down 24% from 2Q 2022). Profit margin: 3.7% (down from 5.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Basic Materials industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Recent Insider Transactions • Oct 01
Insider recently sold ₹25m worth of stock On the 28th of September, Krishna Maheshwari sold around 15k shares on-market at roughly ₹1,683 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹42m. Insiders have been net sellers, collectively disposing of ₹269m more than they bought in the last 12 months. Recent Insider Transactions • Sep 14
Insider recently sold ₹8.7m worth of stock On the 7th of September, Krishna Maheshwari sold around 5k shares on-market at roughly ₹1,745 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹42m. Insiders have been net sellers, collectively disposing of ₹290m more than they bought in the last 12 months. Recent Insider Transactions • Aug 19
Insider recently sold ₹4.8m worth of stock On the 17th of August, Pradip Dubey sold around 3k shares on-market at roughly ₹1,608 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹13m. Insiders have been net sellers, collectively disposing of ₹249m more than they bought in the last 12 months. Reported Earnings • Aug 08
Full year 2022 earnings released: EPS: ₹107 (vs ₹61.95 in FY 2021) Full year 2022 results: EPS: ₹107 (up from ₹61.95 in FY 2021). Revenue: ₹957.0b (up 25% from FY 2021). Net income: ₹70.3b (up 73% from FY 2021). Profit margin: 7.4% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of ₹10.00 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 28 September 2022. Payout ratio is a comfortable 4.7% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.9%). Annuncio • Aug 03
Grasim Industries Limited, Annual General Meeting, Aug 29, 2022 Grasim Industries Limited, Annual General Meeting, Aug 29, 2022, at 11:30 Indian Standard Time. Recent Insider Transactions • Jun 30
Insider recently sold ₹3.3m worth of stock On the 27th of June, Amit Kumar sold around 2k shares on-market at roughly ₹1,335 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹218m more than they bought in the last 12 months. Annuncio • Jun 29
Grasim Industries Limited to Report Q1, 2023 Results on Aug 14, 2022 Grasim Industries Limited announced that they will report Q1, 2023 results on Aug 14, 2022 Annuncio • Jun 17
Grasim Industries Limited Announces Change of Chief Financial Officer Grasim Industries Limited Board of Directors at its meeting held on 16 June 2022, inter-alia, based on the recommendation of the Nomination and Remuneration Committee and Audit Committee, have approved the appointment of Mr. Pavan Jain as the next Chief Financial Officer (CFO) and Key Managerial Personnel of the Company with effect from 15th August 2022. Mr. Jain is not related to any of the Directors and Promoters of the Company. This appointment comes in the wake of Mr. Ashish Adukia's plan to pursue career opportunities outside the Aditya Birla Group. He will be relieved from his current responsibilities as Chief Financial Officer of the Company with effect from 14th August 2022. Mr. Pavan Jain is a Fellow Member of the Institute of Chartered Accountants of India and an Associate Member of the Institute of Company Secretaries of India. He has undergone Executive Development Program of The Wharton School, University of Pennsylvania, USA. He has been with the Aditya Birla Group since 1991. Presently he is the Senior President, Grasim Industries Limited (Grasim) and has a stellar career track record spanning over three decades in the Group in different stints with Birla White, Grey Cement and Grasim. He joined Corporate Finance Division of Grasim in 2004. He has contributed in establishing some of the best practices in the Financial Reporting, Internal Controls and Risk Management systems across Grasim Businesses and also to various Corporate/Business restructuring plans and M&A activities of the Company notable among them are the Cement business restructuring, Aditya Birla Nuvo Limited merger with Grasim, acquisition of Domsjo pulp unit in Sweden, acquisition of Soktas India Private Limited now Grasim Premium Fabrics division and divestments of Vikram Ispat, Grasim Bhiwani Textiles Limited, Indo Gulf Fertilisers division of Grasim. Recent Insider Transactions • Jun 02
Insider recently sold ₹2.7m worth of stock On the 27th of May, Amit Kumar sold around 2k shares on-market at roughly ₹1,408 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹308m more than they bought in the last 12 months. Reported Earnings • May 26
Full year 2022 earnings released: EPS: ₹107 (vs ₹61.95 in FY 2021) Full year 2022 results: EPS: ₹107 (up from ₹61.95 in FY 2021). Revenue: ₹957.0b (up 25% from FY 2021). Net income: ₹70.3b (up 73% from FY 2021). Profit margin: 7.4% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.1%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annuncio • May 14
Grasim Industries Limited to Report Q4, 2022 Results on May 24, 2022 Grasim Industries Limited announced that they will report Q4, 2022 results on May 24, 2022 Buying Opportunity • Apr 30
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹2,116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 37%. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. MD , Additional Director & Business Head of Pulp & Fibre Hari Agarwal was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 02
Insider recently sold ₹1.2m worth of stock On the 30th of March, Hemant Kadel sold around 700 shares on-market at roughly ₹1,655 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹15m. Insiders have been net sellers, collectively disposing of ₹305m more than they bought in the last 12 months. Buying Opportunity • Mar 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be ₹1,963, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% per annum over the last 3 years. Earnings per share has grown by 37% per annum over the last 3 years. Recent Insider Transactions • Mar 16
Insider recently sold ₹1.2m worth of stock On the 11th of March, Pavan Jain sold around 784 shares on-market at roughly ₹1,565 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹15m. Insiders have been net sellers, collectively disposing of ₹338m more than they bought in the last 12 months. Buying Opportunity • Feb 24
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be ₹2,021, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% per annum over the last 3 years. Earnings per share has grown by 37% per annum over the last 3 years. Reported Earnings • Feb 15
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: ₹26.27 (up from ₹20.66 in 3Q 2021). Revenue: ₹245.2b (up 17% from 3Q 2021). Net income: ₹26.2b (up 93% from 3Q 2021). Profit margin: 11% (up from 6.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 71%. Over the next year, revenue is forecast to grow 2.9%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 02
Grasim Industries Limited to Report Q3, 2022 Results on Feb 14, 2022 Grasim Industries Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Board Change • Jan 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. MD & Additional Director Hari Agarwal was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 10
Insider recently sold ₹2.0m worth of stock On the 3rd of December, Ashish Jajoo sold around 1k shares on-market at roughly ₹1,735 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹22m. Insiders have been net sellers, collectively disposing of ₹378m more than they bought in the last 12 months. Recent Insider Transactions • Dec 02
Insider recently sold ₹815k worth of stock On the 23rd of November, Manoranjan Misra sold around 455 shares on-market at roughly ₹1,791 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹22m. Insiders have been net sellers, collectively disposing of ₹376m more than they bought in the last 12 months. Executive Departure • Dec 01
MD, Business Head of Fibre & Pulp and Director Dilip Gaur has left the company On the 30th of November, Dilip Gaur's tenure as MD, Business Head of Fibre & Pulp and Director of the company ended after 5.7 years in the role. As of September 2021, Dilip still personally held 38.50k shares (₹64m worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.33 years. Under Dilip's leadership, the company delivered a total shareholder return of 231%. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹20.21 (vs ₹8.95 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹228.2b (up 24% from 2Q 2021). Net income: ₹13.3b (up 126% from 2Q 2021). Profit margin: 5.8% (up from 3.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 28
Price target increased to ₹1,723 Up from ₹1,530, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹1,702. Stock is up 121% over the past year. The company posted earnings per share of ₹61.95 last year. Recent Insider Transactions • Sep 25
Insider recently sold ₹13m worth of stock On the 22nd of September, Krishna Maheshwari sold around 8k shares on-market at roughly ₹1,563 per share. In the last 3 months, they made an even bigger sale worth ₹46m. Despite this recent sale, insiders have collectively bought ₹68m more than they sold in the last 12 months. Recent Insider Transactions • Sep 03
Insider recently sold ₹1.3m worth of stock On the 31st of August, Pavan Jain sold around 900 shares on-market at roughly ₹1,490 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹46m. Despite this recent sale, insiders have collectively bought ₹150m more than they sold in the last 12 months. Recent Insider Transactions • Aug 27
Insider recently sold ₹1.5m worth of stock On the 20th of August, Ashwin Laddha sold around 1k shares on-market at roughly ₹1,476 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹46m. Despite this recent sale, insiders have collectively bought ₹154m more than they sold in the last 12 months. Price Target Changed • Aug 16
Price target increased to ₹1,477 Up from ₹1,379, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹1,488. Stock is up 138% over the past year. Reported Earnings • Aug 05
Full year 2021 earnings released: EPS ₹61.95 (vs ₹66.26 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹764.0b (up 1.7% from FY 2020). Net income: ₹40.7b (down 6.5% from FY 2020). Profit margin: 5.3% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of ₹9.00 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 26 September 2021. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.4%). Recent Insider Transactions • Jun 26
Additional Independent Director recently sold ₹7.5m worth of stock On the 22nd of June, Adesh Gupta sold around 5k shares on-market at roughly ₹1,504 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹29m. Despite this recent sale, insiders have collectively bought ₹140m more than they sold in the last 12 months.