Grasim Industries logo

Grasim Industries share price

NSE: GRASIMBSE: 500300Cement & Cement ProductsLarge Cap

Grasim Industries Limited · Face value ₹2 · Listed Jan 1957 on BSE, May 1995 on NSE
Last close ₹2,900.80down ₹49.20 (1.67%)BSE ₹2,915.30

Share price at the NSE close on 27 Oct 2026. Previous close ₹2,950.00.

27 Oct: open ₹2,930.10, high ₹2,941.40, low ₹2,881.00

52-week range of traded prices to 27 Oct 2026
₹2,502.50Low, 23 Mar 2026₹3,411.10High, 10 Aug 2026
Market cap
₹1,97,423 Cr44th largest listed
P/E
34.67
P/B
1.91
Dividend yield
0.34%
ROE
5.7%
ROCE
4.7%
Debt to equity
1.32
Volume, NSE
4,61,43542.9% delivered

Grasim Industries share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses, with the demerger of May 2010 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

−0.8%over a year · Nifty Cement −21.3% · Nifty 500 −8.8%

Results20-session average 4,37,871 shares a day, 52.2% delivered

About Grasim Industries

Grasim Industries Limited makes cellulosic fibres (textile fibres made from wood pulp) and yarn, caustic soda and other chemicals, and decorative paints sold under the Birla Opus brand.12 It also runs Birla Pivot, an online marketplace that sells building materials to businesses.3 Through its subsidiaries it makes cement as UltraTech and offers loans, insurance and asset management as Aditya Birla Capital, across India.45

Its results are reported in Cellulosic Fibres, Chemicals, Building Materials (cement, paints and Birla Pivot), Financial Services, and other businesses, mainly textiles, insulators and renewable power.6 On a standalone basis, it has 27 manufacturing plants in India.7 In the year to Mar 2026 it sold to customers in 92 countries, and exports made up 9% of its operating revenue.8

It was incorporated in 1947, and its registered office is at Nagda, Madhya Pradesh.9 Its chemicals business was launched in 1972, and Birla Opus paints were launched in 2024.110

It is part of the Aditya Birla Group, and its promoter group held 43.74% of its shares at the end of March 2026.1112 It holds 56.11% of UltraTech Cement, 53.06% of Aditya Birla Capital and 70.15% of Aditya Birla Renewables.13

Grasim Industries key points

Results

  • Consolidated revenue was ₹48,716 crore in the quarter to Jun 2026, up 21% from a year earlier, and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹8,077 crore, up 26% and its highest for a quarter.14
  • Consolidated profit attributable to shareholders was ₹2,146 crore in the quarter, against ₹1,421 crore a year earlier.15
  • In the year to Mar 2026, consolidated revenue rose 18.15% to ₹1,75,430.74 crore, EBITDA was ₹25,872.09 crore against ₹20,023.13 crore, and profit attributable to shareholders was ₹4,966.48 crore against ₹3,705.68 crore.16

Market position

  • UltraTech's domestic grey cement (ordinary building cement) capacity passed 200 million tonnes a year in April 2026.17
  • By its own estimate, Birla Opus is 3rd in India's organised decorative paints market after gaining about 30 basis points (hundredths of a percentage point) of share in the quarter to Jun 2026, and 2nd by installed capacity.1819

Business segments

  • Building Materials. Revenue rose 21% to ₹28,835 crore in the quarter to Jun 2026: cement ₹24,648 crore, up 16%; Birla Opus paints ₹1,661 crore, up 64%; Birla Pivot ₹2,548 crore, up 75%.201821
  • Financial Services. Aditya Birla Capital's loan book was ₹2,19,289 crore at the end of June 2026, up 32% in a year, and its fund and insurance businesses managed ₹7,52,745 crore. Aditya Birla Capital's quarterly profit, adjusted for Grasim's consolidation, rose 42% to ₹1,142 crore.2223
  • Cellulosic Fibres. Revenue rose 12% to ₹4,530 crore in the quarter to Jun 2026 and EBITDA roughly doubled to ₹632 crore; specialty fibres were 27% of staple fibre sales volume, against 21% a year earlier.2425
  • Chemicals. Revenue rose 10% to ₹2,640 crore in the quarter to Jun 2026 and EBITDA 16% to ₹491 crore; chlor-alkali (caustic soda and chlorine) was 49% of revenue, chlorine derivatives 21% and specialty chemicals 30%.2627

Plants and capacity

  • Fibres. Staple fibre capacity is 890K tonnes a year across 4 sites, used at 97% in the year to Mar 2026, with its own pulp from Harihar; fashion yarn capacity is 51K tonnes a year at Veraval and Kalyan.2829
  • Chemicals. Caustic soda capacity is 1,505K tonnes a year and specialty chemicals (epoxy resins and curing agents) 246K tonnes a year.30
  • Paints. Birla Opus has 6 plants with 1,332 million litres a year of capacity, about 24% of India's organised decorative paints capacity; the sixth, at Kharagpur, started in October 2025.31

Expansion and capital spending

  • In its exchange filing of 8 Jun 2026, the company said it plans to invest ₹3,094 crore in a second Lyocell (wood-pulp fibre) phase of 110K tonnes a year at Harihar by 2030; on 12 Aug 2026 it said this was going through environmental clearance.3233
  • In its exchange filing of 13 Jul 2026, the company said its renewables subsidiary approved buying Shell's Solenergi Power (about 5.0 GWp, gigawatts at peak, 3.3 GWp operating) at an enterprise value (price including debt) of ₹17,200 crore, subject to approvals, by 31 Dec 2026.3435
  • The company stated in its annual report for the year to Mar 2026 that UltraTech plans to raise its grey cement capacity to over 240 million tonnes a year by March 2028.17

What the company expects

  • On its earnings call of 12 Aug 2026, the company said it expects Birla Opus revenue to grow over 50% in the year to Mar 2027, and to build Birla Opus into a ₹10,000 crore brand by the year to Mar 2028.3637
  • In its presentation of 12 Aug 2026, the company said Birla Pivot is on track to reach EBITDA break-even by the end of the year to Mar 2027.38
  • In its presentation of 12 Aug 2026, the company said it expects chlorine integration (the share of the chlorine it makes that it uses itself or sells by pipeline) to reach about 68% by the end of the year to Mar 2027.3940

Recent events

  • On 21 Oct 2026, the company started commercial production at its 50K tonnes a year epichlorohydrin plant at Vilayat, Gujarat; epichlorohydrin is a chlorine-based raw material for epoxy resins.41
  • In its exchange filing of 11 Aug 2026, the company said its CPVC (chlorinated PVC, a plastic used in pipes) resin plant at Vilayat, built with Lubrizol, had started commercial production, with planned capacity of about 50,000 tonnes a year.42

Litigation and regulatory matters

  • On 5 May 2026, the appeals tribunal (NCLAT), where the company had won a stay, set aside a ₹301.61 crore penalty the Competition Commission of India imposed in March 2020 on its viscose staple fibre business and sent the case back for a fresh hearing.4344

Last updated

All 44 sources, each with its page
  1. 1. Annual report, 16 Jul 2026, page 30
  2. 2. Annual report, 16 Jul 2026, page 110
  3. 3. Annual report, 16 Jul 2026, page 53
  4. 4. Annual report, 16 Jul 2026, page 48
  5. 5. Annual report, 16 Jul 2026, page 55
  6. 6. Annual report, 16 Jul 2026, page 554
  7. 7. Annual report, 16 Jul 2026, page 218
  8. 8. Annual report, 16 Jul 2026, page 218
  9. 9. Annual report, 16 Jul 2026, page 2
  10. 10. Annual report, 16 Jul 2026, page 51
  11. 11. Annual report, 16 Jul 2026, page 58
  12. 12. Annual report, 16 Jul 2026, page 202
  13. 13. Investor presentation, 12 Aug 2026, page 41
  14. 14. Investor presentation, 12 Aug 2026, page 9
  15. 15. Investor presentation, 12 Aug 2026, page 36
  16. 16. Annual report, 16 Jul 2026, page 110
  17. 17. Annual report, 16 Jul 2026, page 33
  18. 18. Investor presentation, 12 Aug 2026, page 27
  19. 19. Investor presentation, 12 Aug 2026, page 26
  20. 20. Investor presentation, 12 Aug 2026, page 30
  21. 21. Investor presentation, 12 Aug 2026, page 29
  22. 22. Investor presentation, 12 Aug 2026, page 32
  23. 23. Investor presentation, 12 Aug 2026, page 9
  24. 24. Investor presentation, 12 Aug 2026, page 17
  25. 25. Investor presentation, 12 Aug 2026, page 16
  26. 26. Earnings call, 12 Aug 2026, page 8
  27. 27. Investor presentation, 12 Aug 2026, page 20
  28. 28. Exchange filing, 8 Jun 2026, page 2
  29. 29. Annual report, 16 Jul 2026, page 44
  30. 30. Annual report, 16 Jul 2026, page 46
  31. 31. Annual report, 16 Jul 2026, page 110
  32. 32. Exchange filing, 8 Jun 2026, page 3
  33. 33. Earnings call, 12 Aug 2026, page 8
  34. 34. Exchange filing, 13 Jul 2026, page 1
  35. 35. Exchange filing, 13 Jul 2026, page 5
  36. 36. Earnings call, 12 Aug 2026, page 12
  37. 37. Earnings call, 12 Aug 2026, page 7
  38. 38. Investor presentation, 12 Aug 2026, page 29
  39. 39. Investor presentation, 12 Aug 2026, page 19
  40. 40. Investor presentation, 12 Aug 2026, page 20
  41. 41. Exchange filing, 21 Oct 2026, page 1
  42. 42. Exchange filing, 11 Aug 2026, page 1
  43. 43. Exchange filing, 5 May 2026, page 1
  44. 44. Exchange filing, 5 May 2026, page 2

Results

Consolidated; ₹ crore.Grasim Industries quarterly results

Revenue growth, 12 months
+20.5%
Net profit growth, 12 months
–

Quarter to Jun 2026, against the quarter before

Revenue
₹48,716 Crdown 4.67%
Net profit
₹3,846 Crup 1.16%
Net margin
7.9%

Revenue by quarter

₹33,563 CrSep 24₹34,793 CrDec 24₹44,267 CrMar 25₹40,118 CrJun 25₹39,900 CrSep 25₹44,312 CrDec 25₹51,101 CrMar 26₹48,716 CrJun 26

Net profit by quarter, a loss in red

₹1,100 CrSep 24₹1,844 CrDec 24₹2,973 CrMar 25₹2,767 CrJun 25₹1,498 CrSep 25₹2,233 CrDec 25₹3,802 CrMar 26₹3,846 CrJun 26

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹1,48,478 Cr, differs from its quarters added, ₹1,46,484 Cr.

₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue33,56334,79344,26740,11839,90044,31251,10148,716
Net profit1,1001,8442,9732,7671,4982,2333,8023,846
Net margin3.3%5.3%6.7%6.9%3.8%5.0%7.4%7.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Building Material $₹1,01,202 Crup 24.34%57.1%
  • Financial Services₹45,427 Crup 11.75%25.6%
  • Cellulosic Fibres₹17,104 Crup 7.59%9.7%
  • Chemicals₹9,592 Crup 10.92%5.4%
  • Others *₹3,892 Crup 18.38%2.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2021 and Mar 2025: days before it are of the company before the change.Grasim Industries PE ratio and valuation

Price to earnings

At or below today's level on 84% of 1,882 trading days over the last 10 years.

LowestHighest
Its median17.11Industry median24.03
Price to book

At or below today's level on 79% of 1,969 trading days since Nov 2018.

LowestHighest
Its median1.53Industry median1.43
Dividend yield

At or below today's level on 10% of 2,460 trading days over the last 10 years.

LowestHighest
Its median0.50%Industry median0.64%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−1.7%+34.0%−26.9%0.4%
3 years+16.5%−11.0%+30.5%0.4%
5 years+12.5%+2.2%+9.6%0.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Grasim Industries shareholding pattern

Shareholding by group

  • Promoters45.20%
  • Foreign institutions17.09%
  • Indian institutions15.25%
  • Individuals and others22.13%
  • Employee trusts0.33%
Holder
Birla Group Holdings Private LimitedPromoter23.18%
IGH Holdings Private LimitedPromoter6.64%
Life Insurance Corporation of IndiaInsurance companies6.53%
Pilani Investment and IndustriesPromoter5.92%
Hindalco Industries LimitedPromoter4.29%
P.T. Indo Bharat RayonPromoter2.94%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters +1.46 pts, foreign institutions −0.08 pts, Indian institutions −0.88 pts, mutual funds −0.88 pts.

Mutual fund holdings

283 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 165 of the 199 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 283 funds holding Grasim Industries

Bought for the first time
3
Bought again
4
Added
96
Cut
103
Held unchanged
73
Sold out
19
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Grasim Industries insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 4 pledge filings of unclear kind
  • Others: no market trade · 8 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Grasim Industries competitors and peers

Cement & Cement Products, 38 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Grasim Industries in market cap. 2 companies in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Construction materials companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Ambuja Cements logoAmbuja CementsAMBUJACEM86,670–1.46+7.7%––3.4%0.57%
Shree Cement logoShree CementSHREECEM84,06853.093.52+14.3%−7.9%6.8%6.8%0.64%
JK Cement logoJK CementJKCEMENT37,84239.505.15+17.3%−7.4%13.9%11.5%0.41%
Dalmia Bharat logoDalmia BharatDALBHARAT28,49158.151.58+6.1%−56.4%2.7%5.0%0.33%
ACC logoACCACC21,54924.421.04+4.6%−73.6%4.3%5.1%0.65%
The Ramco Cements logoThe Ramco CementsRAMCOCEM17,29126.812.14+8.6%+101.2%8.3%5.0%0.34%
JSW Cement logoJSW CementJSWCEMENT15,89820.932.34––11.8%7.7%0.43%
Nuvoco Vistas Corporation logoNuvoco Vistas CorporationNUVOCO12,13629.261.27+10.6%+52.0%4.4%6.6%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Grasim Industries dividend history

Dividend per share, ₹, restated for later splits and bonuses

5.5Mar 176.2Mar 187Mar 194Mar 209Mar 2110Mar 2210Mar 2310Mar 2410Mar 2510Mar 26
Highest ₹10.00 a share, in 5 years, the latest the year to Mar 2026.
Ex-dateTypePer share
7 Aug 2026Final₹10.00
12 Aug 2025Final₹10.00
6 Aug 2024Final₹10.00
11 Aug 2023Final₹10.00
11 Aug 2022Final₹5.00
11 Aug 2022Special₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Grasim Industries announcements

Grasim Industries share price by year

Each calendar year to 2025.Grasim Industries share price history

YearClose at year endChangeHighest closeLowest close
20252,829.00+15.8%2,958.702,288.15
20242,442.70+14.4%2,843.752,049.60
20232,134.80+23.9%2,139.951,550.60
20221,723.50+6.2%1,918.701,285.05
20211,622.25+74.8%1,874.45933.40
2020927.85+24.8%937.70400.10
2019743.65−9.9%941.60649.00
2018825.60−29.2%1,248.00759.05
20171,165.75+35.1%1,307.80845.45
2016862.75+14.9%1,057.22660.12
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20262,871.102,950.002,858.002,950.002,910.522,18,82532.9%
23 Oct 20262,875.002,901.302,857.802,894.002,879.853,14,07547.7%
22 Oct 20262,854.002,894.402,828.202,894.402,867.552,14,55039.9%
21 Oct 20262,865.002,913.902,861.102,889.102,882.543,05,44256.9%
19 Oct 20262,920.002,954.802,866.502,879.002,913.123,08,69937.7%
16 Oct 20262,899.002,924.602,843.402,920.002,897.505,23,80252.9%
15 Oct 20262,874.902,908.302,865.002,885.902,894.463,27,87259.2%
14 Oct 20262,907.002,921.602,866.102,873.002,888.913,28,89860.1%
13 Oct 20262,864.002,919.902,854.002,912.002,895.993,27,11542.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
10 Jan 2024Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
6 Oct 2016Split0.2000Each share became 5.
26 May 2010Demerger0.8530Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
Kumar Mangalam Birla
At the end of the quarter to Sep 2026
Managing director
Himanshu Kapania
At the end of the quarter to Sep 2026
NSE symbol
GRASIM
BSE code
500300
ISIN
INE047A01021
Industry
Cement & Cement Products
CIN
L17124MP1947PLC000410
Corporate identity number, the registrar of companies' code for it
Incorporated
1947
Registered office
Birlagram, Nagda 456331, Madhya Pradesh
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments