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Aditya Birla Group holding company spanning viscose staple fiber, chemicals, cement (via UltraTech) and financial services.
Aditya Birla Group holding company spanning viscose staple fiber, chemicals, cement (via UltraTech) and financial services.
Most of its consolidated income comes through subsidiaries: UltraTech Cement, India's largest cement maker, and Aditya Birla Capital in lending and insurance, while its own plants sell viscose fiber and caustic soda. Since 2024 it has been building a large paints business under the Birla Opus name.
In one line: A diversified Indian industrial holding company (materials + financial services).
Moat: narrow (scale, brand). Leading domestic scale in VSF and chemicals plus Aditya Birla Group backing, but it's a conglomerate not a single-moat business.
Headquarters: Mumbai, India · Founded: 1947 · Employees: 49,795
Size Grasim Industries (GRASIM.NS) is an India Industrials company (Construction Materials) with a market value of $23.3B, the 43rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,227 on 6 Nov 2026.
Performance Over six months the shares gained 9.0%, against -14.8% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 18 in its peer set.
Growth Revenue grew 20.5% over the last twelve months (peer median +8.0%); the operating margin is 21.3% (peer median 8.8%).
Valuation It trades at 65.8× forward earnings against a peer median of 31.2× (3rd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.2 points above its cost of capital (11.0% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.84T | ₹1.75T | ₹1.48T | ₹1.30T | ₹1.17T |
| Revenue growth | — | +18% | +13% | +11% | — |
| Gross profit | ₹841B | ₹694B | ₹613B | ₹562B | ₹479B |
| EBITDA | ₹470B | ₹425B | ₹366B | ₹342B | ₹285B |
| Net income | ₹56.9B | ₹49.7B | ₹37.1B | ₹56.2B | ₹68.3B |
| Free cash flow | n/a | ₹129B | ₹33.3B | ₹65.3B | ₹101B |
| Capital expenditure | n/a | ₹156B | ₹172B | ₹195B | ₹120B |
| Total debt | n/a | ₹2.28T | ₹1.86T | ₹1.37T | ₹1.03T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Grasim Industries GRASIM.NS | $23.3B | +9% | +20% | 21% | 65.8× | -3.9% |
| Ambuja Cements AMBUJACEM.NS | $10.3B | -13% | +6% | 4% | 44.1× | n/a |
| Shree Cement SHREECEM.NS | $9.63B | -2% | +14% | 8% | 51.4× | 38.8% |
| Dalmia Bharat DALBHARAT.NS | $2.92B | -26% | +6% | 9% | 31.2× | n/a |
| ACC ACC.NS | $2.46B | -13% | +8% | 4% | 22.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRASIM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.5% | +3.8% | 4th highest of 18 |
| 6-month return | +9.0% | -14.8% | 2nd highest of 18 |
| Distance from 52-week high | -5.4% | -33.6% | 2nd highest of 18 |
| Revenue growth (TTM) | +20.5% | +8.0% | 2nd highest of 18 |
| Operating margin | 21.3% | 8.8% | 3rd highest of 18 |
| Forward P/E | 65.8× | 31.2× | 3rd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -3.9% | 26.5% | least demanding of 11 |
| Growth delivered (Del g) | +18.1% | +9.1% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | -22.0 pp | +12.9 pp | least demanding of 11 |
| ROIC minus cost of capital | +6.2 pp | -6.0 pp | 2nd highest of 18 |
| EV / EBITDA | 4.7× | 17.6× | 2nd cheapest of 18 |
| Net debt / EBITDA | 4.2× | 1.5× | most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grasim Industries GRASIM.NS | India | $23.3B | +9% | +20% | 21% | 65.8× | -3.9% | +18.1% |
| UltraTech Cement ULTRACEMCO.NS | India | $38.8B | +2% | +18% | 14% | 38.0× | 35.8% | +14.6% |
| Ambuja Cements AMBUJACEM.NS | India | $10.3B | -13% | +6% | 4% | 44.1× | n/a | n/a |
| Shree Cement SHREECEM.NS | India | $9.63B | -2% | +14% | 8% | 51.4× | 38.8% | +9.4% |
| J.K. Cement JKCEMENT.NS | India | $4.28B | -7% | +17% | 11% | 37.7× | n/a | n/a |
| Dalmia Bharat DALBHARAT.NS | India | $2.92B | -26% | +6% | 9% | 31.2× | n/a | n/a |
| ACC ACC.NS | India | $2.46B | -13% | +8% | 4% | 22.9× | n/a | n/a |
| Ramco Cements RAMCOCEM.NS | India | $2.05B | -15% | +9% | 6% | 70.1× | 31.6% | +11.2% |
| JSW Cement JSWCEMENT.NS | India | $1.78B | -1% | +13% | 12% | 32.2× | n/a | n/a |
| Nuvoco Vistas NUVOCO.NS | India | $1.29B | +2% | +11% | 8% | 20.8× | 17.8% | +8.9% |
| India Cements INDIACEM.NS | India | $1.14B | -15% | +5% | 5% | 25.6× | n/a | n/a |
| Vesuvius India VESUVIUS.NS | India | $782M | -31% | +4% | 13% | 22.1× | 30.4% | +21.6% |
| Star Cement STARCEMENT.NS | India | $739M | -28% | +15% | 14% | 19.2× | 4.9% | +16.8% |
| Birla BIRLACORPN.NS | India | $673M | -16% | +4% | 9% | 13.8× | 5.7% | +7.6% |
| JK Lakshmi Cement JKLAKSHMI.NS | India | $598M | -32% | +5% | 8% | 13.2× | 14.5% | +7.4% |
| Prism Johnson PRSMJOHNSN.NS | India | $538M | -24% | +1% | 3% | 79.9× | 22.6% | +5.7% |
| Midwest MIDWESTLTD.NS | India | $383M | -29% | +3% | 21% | 23.4× | 39.8% | +8.7% |
| Monolithisch India MONOLITH.NS | India | $307M | +136% | +39% | 26% | 48.2× | n/a | n/a |