Financials Grasim Industries Limited LUXEMBOURG S.E.

Equities

GRA92

US3887061030

Construction Materials

End-of-day quote LUXEMBOURG S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
34 USD +1.19% Intraday chart for Grasim Industries Limited +3.03% +32.81%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 564,187 312,560 952,558 1,093,210 1,072,518 1,929,641 - -
Enterprise Value (EV) 1 564,215 340,208 961,222 1,084,674 1,090,318 1,614,288 1,974,349 1,977,285
P/E ratio 109 x 24.6 x 105 x 35.9 x 50.5 x 160 x 105 x 97.4 x
Yield 0.82% 0.84% 0.62% 0.3% 0.61% 0.44% 0.3% 0.3%
Capitalization / Revenue 2.75 x 1.68 x 7.69 x 5.24 x 4 x 6 x 6.7 x 6 x
EV / Revenue 2.75 x 1.83 x 7.76 x 5.2 x 4.06 x 6.25 x 6.86 x 6.15 x
EV / EBITDA 13.9 x 14.7 x 61.4 x 33.7 x 34.3 x 69.7 x 73.2 x 64.9 x
EV / FCF 110 x 42.4 x 79.8 x 919 x -64 x -43.1 x -97.4 x -739 x
FCF Yield 0.91% 2.36% 1.25% 0.11% -1.56% -2.32% -1.03% -0.14%
Price to Book 1.34 x 0.83 x 2.22 x 2.25 x 2.29 x 2.91 x 3.53 x 3.44 x
Nbr of stocks (in thousands) 657,598 656,501 656,687 656,977 656,898 678,555 - -
Reference price 2 858.0 476.1 1,451 1,664 1,633 2,844 2,844 2,844
Announcement Date 5/24/19 6/13/20 5/24/21 5/24/22 5/26/23 5/22/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 205,504 186,094 123,864 208,568 268,397 258,473 287,995 321,551
EBITDA 1 40,712 23,105 15,643 32,162 31,799 23,160 26,984 30,464
EBIT 1 33,108 14,638 7,362 23,022 20,826 11,010 14,445 17,130
Operating Margin 16.11% 7.87% 5.94% 11.04% 7.76% 4.26% 5.02% 5.33%
Earnings before Tax (EBT) 1 13,117 13,913 9,329 28,812 26,452 12,016 22,319 25,310
Net income 1 5,153 12,700 9,050 30,513 21,237 9,454 17,540 19,743
Net margin 2.51% 6.82% 7.31% 14.63% 7.91% 3.66% 6.09% 6.14%
EPS 2 7.840 19.34 13.77 46.40 32.31 14.31 27.17 29.20
Free Cash Flow 1 5,115 8,030 12,041 1,181 -17,036 -37,484 -20,266 -2,674
FCF margin 2.49% 4.31% 9.72% 0.57% -6.35% -14.5% -7.04% -0.83%
FCF Conversion (EBITDA) 12.56% 34.75% 76.97% 3.67% - - - -
FCF Conversion (Net income) 99.27% 63.23% 133.05% 3.87% - - - -
Dividend per Share 2 7.000 4.000 9.000 5.000 10.00 10.00 8.400 8.500
Announcement Date 5/24/19 6/13/20 5/24/21 5/24/22 5/26/23 5/22/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 37,627 49,330 57,847 63,764 72,530 67,452 61,956 66,458 62,376 64,420 64,002 63,359 72,866 73,300 80,200
EBITDA 1 7,402 8,012 9,221 7,526 13,202 9,566 4,770 4,260 6,734 5,936 5,225 4,766 5,462 6,200 7,200
EBIT 5,384 5,937 7,004 4,696 10,651 6,904 - - 3,856 3,017 - 1,779 - - -
Operating Margin 14.31% 12.04% 12.11% 7.37% 14.68% 10.24% - - 6.18% 4.68% - 2.81% - - -
Earnings before Tax (EBT) 1 5,453 12,411 6,875 4,073 10,221 12,728 - 1,353 3,958 9,552 2,391 1,850 1,300 12,100 2,900
Net income 1 4,816 9,791 5,225 10,680 8,086 9,643 - 935.1 3,553 7,947 2,363 1,377 1,017 9,800 2,400
Net margin 12.8% 19.85% 9.03% 16.75% 11.15% 14.3% - 1.41% 5.7% 12.34% 3.69% 2.17% 1.4% 13.37% 2.99%
EPS 7.330 14.89 7.950 16.24 12.29 14.68 - - - - - 2.300 - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/13/21 11/12/21 2/14/22 5/24/22 8/12/22 11/14/22 2/14/23 5/26/23 8/10/23 11/13/23 2/8/24 - - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 28.6 27,648 8,664 - 17,800 62,229 44,708 47,644
Net Cash position 1 - - - 8,535 - - - -
Leverage (Debt/EBITDA) 0.000703 x 1.197 x 0.5539 x - 0.5598 x 2.687 x 1.657 x 1.564 x
Free Cash Flow 1 5,115 8,030 12,041 1,181 -17,036 -37,484 -20,266 -2,674
ROE (net income / shareholders' equity) 5.93% 3.19% 2.24% 6.66% 4.44% 3.05% 2.55% 2.91%
ROA (Net income/ Total Assets) 4.88% 2.51% 1.74% 5.2% 3.4% - - -
Assets 1 105,594 506,442 521,403 586,681 624,067 - - -
Book Value Per Share 2 638.0 573.0 653.0 738.0 713.0 785.0 806.0 827.0
Cash Flow per Share - 53.60 36.50 - - - - -
Capex 1 20,440 27,155 11,932 25,382 40,225 55,260 42,579 33,600
Capex / Sales 9.95% 14.59% 9.63% 12.17% 14.99% 21.38% 14.78% 10.45%
Announcement Date 5/24/19 6/13/20 5/24/21 5/24/22 5/26/23 5/22/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
  1. Stock Market
  2. Equities
  3. GRASIM Stock
  4. GRA92 Stock
  5. Financials Grasim Industries Limited