Operates a diversified platform spanning cement, paints, cellulosic fibres, chemicals and financial services. Building Materials — comprising cement (via listed subsidiary UltraTech) and paints (Birla Opus and Birla White putty) — accounted for 57.1% of FY26 segment revenue at ₹1,01,201.56 crore with a 16.2% EBIT margin; UltraTech crossed 200 MTPA of grey cement capacity in April 2026, with management describing it as the world's largest cement company outside China and targeting 240+ MTPA by March 2028. Paints subsidiary Birla Opus doubled FY26 revenue versus FY25 and crossed 10% revenue market share in March 2026, with combined Birla Opus and Birla White putty nearing the #2 position in Indian decorative paints at installed capacity of 1,332 million litres per annum (24% of industry). Financial Services, primarily Aditya Birla Capital, contributed 25.6% of segment revenue at ₹45,426.61 crore; ABCL's FY26 revenue stood at ₹45,509 crore with PAT of ₹3,764 crore spanning lending, insurance, asset management and broking. Cellulosic Fibres (9.7% of segment revenue) and Chemicals (5.4%) round out the platform, with a Lyocell expansion of 110,000 TPA underway at Harihar by FY28. The largest cost line is "other operating expenses" at 54.9% of revenue, followed by raw materials at 18.2%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Building Materials (57%), Financial Services (26%), Cellulosic Fibres (10%), Chemicals (5%), Others (2%). Diversified commodities, manufacturing and financial services platform; cyclical exposure through cement, paints and chemicals.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 95,701 | 1,17,627 | 1,30,978 | 1,48,478 | 1,75,431 |
| EBITDA (ex other income) | 16,882 | 16,778 | 19,003 | 18,325 | 24,369 |
| margin % | 17.6 | 14.3 | 14.5 | 12.3 | 13.9 |
| Owners' profit | 7,550 | 6,827 | 5,624 | 3,706 | 4,966 |
| EPS, as reported (₹) | 114.98 | 103.98 | 85.29 | 55.57 | 73.21 |
| ROE % · ROCE % | 9.6 · 5.8 | 9.0 · 5.9 | 7.1 · 4.8 | 4.9 · 3.4 | 6.1 · 4.0 |
| Debt / equity (x) | 0.63 | 0.82 | 0.97 | 1.16 | 1.32 |
| Cash from operations | 7,038 | (12,685) | (10,719) | (17,170) | (17,810) |
| Capex | (8,588) | (12,036) | (19,485) | (17,181) | (15,626) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33,563 | 34,793 | 44,267 | 40,118 | 39,900 | 44,312 | 51,101 | 48,716 |
| Profit before tax | 1,882 | 2,438 | 3,828 | 3,765 | 2,449 | 3,107 | 4,962 | 5,157 |
| Net profit | 1,100 | 1,844 | 2,973 | 2,767 | 1,498 | 2,233 | 3,802 | 3,846 |
| EPS (₹) | 5.86 | 13.47 | 22.22 | 20.91 | 8.16 | 15.28 | 28.87 | 31.64 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Cellulosic Fibres | 17,104 | 9.7 |
| Chemicals # | 2,458 | 1.4 |
| Building Material $ | 30,042 | 17.0 |
| Financial Services | 45,427 | 25.6 |
| Others * | 1,021 | 0.6 |
| Chemicals | 7,134 | 4.0 |
| Building Material | 71,159 | 40.2 |
| Others | 2,871 | 1.6 |
| Total, before eliminations | 1,77,217 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Grasim Industries repays Rs 800 crore commercial paper on maturity | credit debt | medium | — | — |
| 9 Sept 2026 · Grasim to attend Jefferies India Forum 2026 on Sept 16 | investor communications | low | — | — |
| 9 Sept 2026 · Intimation of Analysts/Institutional Investor Meeting schedule | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Grasim Files Corporate Dossier; FY26 Revenue Up 18%, EBITDA Up 29% | investor communications | medium | — | — |
| 29 Aug 2026 · Crisil upgrades Grasim ESG rating to 65, places it in Strong category | credit debt | medium | — | — |
| 28 Aug 2026 · Grasim schedules meetings with Goldman Sachs, HDFC MF and Aditya Birla MF | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Grasim Industries gets ESG rating upgrade to 66 from 59 for FY26 | business updates | medium | — | — |
| 24 Aug 2026 · Grasim informs shareholders of special window for physical share transfers | compliance | minimal | — | — |
| 22 Aug 2026 · Deloitte appointed as Joint Statutory Auditor for 5-year term | management changes | medium | — | — |
| 22 Aug 2026 · All 7 resolutions passed at Grasim Industries 79th AGM | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| ULTRATECH CEMENT LIMITED | 3,24,148 | 37.9 | 4.02 | 19.9 | 10.1 | 10.2 | 14.6 | 20.8 |
| GRASIM INDUSTRIES LTD ◆ | 2,23,350 | 39.1 | 1.31 | 17.4 | 6.1 | 3.2 | 18.1 | 16.6 |
| AMBUJA CEMENTS LTD | 97,375 | 22.1 | 1.36 | 13.7 | 7.8 | 4.3 | — | 18.3 |
| SHREE CEMENT LIMITED | 81,433 | 50.0 | 3.49 | 15.7 | 7.5 | 9.4 | 9.2 | 23.8 |
| JK CEMENT LIMITED | 37,445 | 39.6 | 5.28 | 17.2 | 13.9 | 10.3 | 15.7 | 17.0 |
| DALMIA BHARAT LIMITED | 33,326 | 35.2 | 1.84 | 12.2 | 6.4 | 5.2 | 7.1 | 19.6 |
| ACC LIMITED | 23,444 | 12.3 | 1.14 | 6.8 | 10.4 | 9.9 | — | 8.4 |
| THE RAMCO CEMENTS LIMITED | 20,521 | 31.8 | 2.54 | 11.9 | 8.6 | 7.1 | 11.3 | 14.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 39.1 | 24.6 | 25 of 35 | 29% |
| P/B | 1.3 | 1.5 | 16 of 34 | 55% |
| ROCE | 3.2 | 3.7 | 20 of 37 | 47% |
| ROE | 6.1 | 7.7 | 24 of 38 | 38% |
| Debt / Equity | 1.3 | 0.4 | 34 of 38 | 11% |
| EBITDA margin | 16.6 | 13.1 | 12 of 37 | 69% |
| Revenue growth | 21.4 | 7.8 | 6 of 37 | 86% |
| Profit growth | 39.0 | (24.7) | 8 of 37 | 81% |
| Market cap | 223350 | 2005 | 2 of 38 | 97% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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