# Grasim Industries share price today (Grasim Industries Ltd, NSE: GRASIM)

> Grasim Industries share price today: ₹3,138.00 at the NSE close on 4 November 2026, up 15.2% in a year. Grasim Industries (NSE: GRASIM) is worth ₹2,13,581 crore, trades at a P/E of 37.3 and has closed between ₹2,564.10 and ₹3,323.00 over the past 52 weeks. > Grasim Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +34.0% in a year while the price moved +15.2%. GRASIM · Diversified · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/grasim-industries-ltd

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## Key numbers

- Business trend: Getting better, from fewer quarters than usual
- Price: ₹3,138.00 (+15.2% in a year)
- P/E: 37.3× (higher than 83% of the last 11 years)
- Revenue (Jun 2026): ₹48,716 Cr (+21.4% on a year ago)
- Profit (Jun 2026): ₹3,846 Cr (+38.8% on a year ago)
- Operating margin: 23.0% (+1.0 points on a year ago)
- ROCE: 8%, FY26
- Profit that came in as cash: −163%, last 3 years

The main question: profits are rising, but only −163% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Grasim Industries share price today? Grasim Industries Ltd's share price was ₹3,138.00 at the close on 4 November 2026. It has been rising for 23 weeks. That is 4.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,564 and ₹3,323, and at that close it sat 76% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 3 weeks in a row. Over the last 11 years the share price moved +493% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Grasim Industries this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) cut their stake for 6 quarters in a row and best operating margin in 15 quarters. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹48,716 crore, +21.4% on a year earlier. Why: Revenue rose because cement sales volume grew and paints and Birla Pivot sold more. From the earnings call on 12 Aug 2026. 2. Indian funds and insurers (DIIs) cut their stake for 6 quarters in a row From 18.2% to 15.3% of the company by the September 2026 quarter. 3. Best operating margin in 15 quarters Operating margin was 23% in the June 2026 quarter, against 22% a year earlier. Next results: check whether chemicals margins come under pressure from high-cost stock, as management warned. From the earnings call on 12 Aug 2026. ## What are Grasim Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Grasim Industries reported revenue of ₹48,716 crore, up 21.4% from ₹40,118 crore a year earlier, and a profit of ₹3,846 crore, up 38.8% from ₹2,771 crore. ### Grasim Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹48,716 crore | ₹40,118 crore | +21.4% |
| Profit | ₹3,846 crore | ₹2,771 crore | +38.8% |
| Earnings per share | ₹31.53 | ₹20.87 | +51.1% |
| Operating margin | 23.0% | 22.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Grasim Industries' management discussed these results on a call held on 12 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Grasim Industries share price history? Grasim Industries closed at ₹3,138.00 on 4 November 2026, up 15.2% from ₹2,724.60 a year earlier (7 November 2025) and up 75.8% over five years. Its highest weekly close since February 2016 was ₹3,323.00 on 7 August 2026. ### Grasim Industries share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹2,981.40 | +5.3% |
| 1 month ago · 1 Oct 2026 | ₹2,962.00 | +5.9% |
| 6 months ago · 8 May 2026 | ₹2,968.60 | +5.7% |
| 1 year ago · 7 Nov 2025 | ₹2,724.60 | +15.2% |
| 3 years ago · 3 Nov 2023 | ₹1,888.69 | +66.1% |
| 5 years ago · 4 Nov 2021 | ₹1,784.51 | +75.8% |
| 10 years ago · 4 Nov 2016 | ₹721.38 | +335.0% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹528.90 | +493.3% |
| Highest weekly close since February 2016, also the 52-week high · 7 Aug 2026 | ₹3,323.00 | −5.6% |
| Lowest weekly close since February 2016 · 3 Apr 2020 | ₹452.90 | +592.9% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹2,564.10 | +22.4% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 26 February 2016 to 4 November 2026.)

## What is the latest news on Grasim Industries? 4 Nov 2026: Grasim Industries closed at ₹3,138.00, up 5.3% on the week and up 5.9% on the month. 12 Aug 2026: Grasim Industries held its results call for April to June 2026. Management guided: Birla Opus FY27 revenue growth above 50%. ### Earlier

- 7 Aug 2026: ex-date for a dividend of ₹10 a share. - Results for April to June 2026: Revenue up 21.4% and profit up 38.8% on a year earlier. ## What dividend does Grasim Industries pay? Grasim Industries paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.32% at the ₹3,138.00 close on 4 November 2026. The last was a dividend of ₹10 a share, ex-date 7 August 2026. ### Grasim Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 7 Aug 2026 | ₹10 | Dividend |
| 12 Aug 2025 | ₹10 | Dividend |
| 6 Aug 2024 | ₹10 | Dividend |
| 11 Aug 2023 | ₹10 | Dividend |
| 11 Aug 2022 | ₹10 | Dividend + Special |
| 12 Aug 2021 | ₹9 | Dividend + Special |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Grasim Industries Ltd paid out 14% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Grasim Industries management say on the latest results call? On the call for April to June 2026, held on 12 August 2026, Grasim Industries' management guided: Birla Opus FY27 revenue growth above 50%. > “We are building Birla Opus into a Rs 10,000 crore brand by FY28, and every leading indicator tells us that we are firmly on that path.”
> Himanshu Kapania, on the call for April to June 2026

### What management guided

- Birla Opus ₹10,000 crore revenue by FY28; full-year profitability remains linked to reaching goal scale. - Birla Pivot operating profit break-even by FY27 exit. - ECH commissioning in July to September 2026 and chlorine integration at 68% by FY27 exit. - Standalone FY27 capital spending ₹3,157 crore; Lyocell Phase I ₹1,350 crore and 55,000 tonnes per annum, and Phase II ₹3,094 crore and 110,000 tonnes per annum, progressing through engineering and environmental clearance. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/221/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 12 August 2026.)

## What to watch in Grasim Industries' next results? When Grasim Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Birla Opus: test whether price carry-through and normalized channel inventory preserve the FY27 growth floor through monsoon seasonality. - What to check (from the call)
- Birla Opus: test whether price carry-through and normalized channel inventory preserve the FY27 growth floor through monsoon seasonality. - Birla Pivot: test exit-period operating profit break-even through transaction growth, repeat purchases and private-label mix. - Chemicals: track Q2 margin pressure from high-cost inventory and commodity volatility, alongside downstream integration execution. - AB Renewables: monitor transaction close, group funding structure and any quantified Grasim cash requirement. ## Which stock lists is Grasim Industries on? Grasim Industries is on one of our India lists: Nifty 50 companies. [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)

## Is Grasim Industries profitable? Grasim Industries Ltd earned ₹3,846 Cr of net profit in the Jun 2026 quarter, +38.8% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY26 profit was ₹10,300 Cr. Over 10 years profit has grown 11.5% a year on average. That is 7.9% of the quarter's revenue. The same quarter a year earlier earned ₹2,771 Cr. For the full year, FY26 profit was ₹10,300 Cr (+32.8% on the year before). Why profit moved: revenue changed +21.4% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +36.0% and revenue +19.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY26-Q4. revenue ₹51,101 Cr and profit ₹3,684 Cr as reported. FY27-Q1. revenue ₹48,716 Cr and profit ₹3,846 Cr as reported. Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters. ## How much revenue does Grasim Industries make, and is it growing? Grasim Industries Ltd reported ₹48,716 Cr of revenue in the Jun 2026 quarter, +21.4% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 17.7% a year on average. The last full year, FY26, came in at ₹1,75,431 Cr. Why this happened. Birla Opus crossed 10% revenue market share in March 2026, #3 position per C003. Combined Birla Opus plus white putty within striking distance of incumbent #2 per C025. Distribution 11,500 towns, 50,000+ dealer touchpoints per C004. FY28 goal Rs 10,000 Cr per C005. Institutional sales momentum per C026b. The last four reported quarters add to ₹1,84,029 Cr. FY26 revenue was ₹1,75,431 Cr, +18.2% on the year before. Recent pace: the last four quarters grew +19.7% on average, against 17.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.5%, against +17.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +33.1%, against +9.4% a year (accelerating). FY26-Q4. revenue ₹51,101 Cr and profit ₹3,684 Cr as reported. FY27-Q1. revenue ₹48,716 Cr and profit ₹3,846 Cr as reported. Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Grasim Industries keep? Grasim Industries Ltd's operating margin was 23.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 15.0% and 24.0%. The latest quarter is within that range. Why this happened. Cellulosic fiber FY26: revenue Rs 17,104 Cr (+8% YoY per C026), EBITDA Rs 1,751 Cr (+15% YoY per C027), EBITDA growing faster than revenue. Phase-1 Lyocell 55,000 MTPA expansion at Harihar progressing per C026. Operating leverage confirmed. Why the margin moved: operating margin changed +0.9 percentage points on the year while gross margin changed +0.4 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. FY26-Q4. revenue ₹51,101 Cr and profit ₹3,684 Cr as reported. FY27-Q1. revenue ₹48,716 Cr and profit ₹3,846 Cr as reported. Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters. ## Is Grasim Industries' profit turning into cash? Over the last 3 years Grasim Industries Ltd's operations used more cash than they brought in, so cash conversion was −163%, a gap worth watching. In FY26 its operations used ₹17,810 Cr of cash, against ₹10,300 Cr of profit. After ₹17,730 Cr of spending on assets, free cash was −₹35,540 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −163% of profit came in as cash: the cash cycle got 30 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 30 days longer. The next section looks at where the cash is stuck. ## Where does Grasim Industries' cash go? Grasim Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 1 days in FY26, up from −29 days in FY21. It spent ₹82,424 Cr on assets over the last 3 years. Customers take 23 days to pay, and stock sits for 130 days on average. At FY26 sales of ₹1,75,431 Cr, each day of that cycle ties up about ₹481 Cr, so roughly ₹481 Cr is tied up in the business at any time. FY26: customers took 23 days to pay and stock sat for 130 days, about 4.3 months of sales sitting as stock, for a full cycle of 1 days, longer than FY21's −29. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 130 days. Customers pay about 23 days after that. Suppliers are paid at 152 days. Together that makes the 1-day cycle. Spending on assets: ₹82,424 Cr over the last 3 years, against ₹19,181 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹16,465 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is Grasim Industries' P/E ratio, and how does it compare with its own history? Grasim Industries Ltd's P/E is 37.3×, near the high end of its own history: higher than 83% of past readings. Its usual P/E (the middle reading) is 19.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹82.75. Why the multiple is where it is: over the past year earnings per share moved +34.0% while the price moved +15.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +12.0% a year; about −0.3% a year came from earnings growth and about +12.3 percentage points from the multiple (the market paying more); over 10 years the price moved +15.8% a year; about +0.3% a year came from earnings growth and about +15.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 14% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Grasim Industries business getting better or worse? Grasim Industries Ltd's business is getting better. Profit growth hit its low 7 quarters ago at −26.6% and has recovered to +33.1%, with ROCE steady at 8.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: a lasting rise from a low is what this page is built to show. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Grasim Industries story, and has it been checked? Grasim Industries Ltd's story is not scored yet against the checks our research set on 14 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: 20-25% COGS inflation in paints risks volume elasticity if pricing is too aggressive per C029

Our read, 14 June 2026. What is proven. What is not proven yet. 20-25% COGS inflation in paints risks volume elasticity if pricing is too aggressive per C029

The test written in advance. Raw material inflation 20-25% of COGS in Birla Opus. Measured by: Raw material inflation 20-25% of COGS in Birla Opus by the next result. The test written in advance. OCF negative four consecutive years; borrowings elevated per C016. Measured by: OCF negative four consecutive years; borrowings elevated per C016 If FY27 OCF does not improve from FY26 level as Birla Opus capex normalizes, the debt sustainability thesis breaks by the next result. The test written in advance. Management consistency: four documented narrative reversals. Measured by: Management consistency: four documented narrative reversals by the next result. Lever 15 · Market-share gains: building. Birla Opus crossed 10% revenue market share in March 2026, #3 position per C003. Combined Birla Opus plus white putty within striking distance of incumbent #2 per C025. Distribution 11,500 towns, 50,000+ dealer touchpoints per C004. FY28 goal Rs 10,000 Cr per C005. Institutional sales momentum per C026b. What proves it keeps working: Birla Opus market share compounding toward #2 position. It stops working if If Q1 FY27 secondary sales decline exceeds 10% sequentially, pricing is inelastic and break-even timeline slips materially. Lever 2 · Value-added mix: building. Cellulosic fiber FY26: revenue Rs 17,104 Cr (+8% YoY per C026), EBITDA Rs 1,751 Cr (+15% YoY per C027), EBITDA growing faster than revenue. Phase-1 Lyocell 55,000 MTPA expansion at Harihar progressing per C026. Operating leverage confirmed. What proves it keeps working: Cellulosic fiber margin expansion on volume and specialty mix. It stops working if If Q1 FY27 secondary sales decline exceeds 10% sequentially, pricing is inelastic and break-even timeline slips materially. Sources: our stock research file (14 June 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Grasim Industries management deliver what it promised? What Grasim Industries Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Paints FY27 Growth Guidance Raised Without Reconciliation · 12 August 2026. In May 2026, management described Birla Opus FY27 growth as high double-digit. In August 2026, it guided to more than 50% year-on-year growth, a material upward revision that was not reconciled with the prior outlook or explained by a specific change in assumptions. Lyocell Expansion Scope Changed · 12 August 2026. The May and February 2026 calls described the Harihar Lyocell plan as a 55,000 TPA Phase 1 within a total proposed 110,000 TPA expansion. In August 2026, management described a 55,000 TPA Phase 1 plus a separate 110,000 TPA Phase 2, implying 165,000 TPA in total; the call did not explain the apparent increase in project scope or the associated Rs. 3,094 crore Phase 2 project. Market Share Growth Discrepancy · 11 February 2026. In the November 2025 call, management claimed an aggressive market share expansion of 700 to 800 basis points within a single quarter. This is materially inconsistent with the February 2026 call, where the year-over-year expansion is cited as 'more than 300 basis points,' a significantly lower figure that undermines the prior reporting of their competitive gains. Earlier call (Nov 2025): “last quarter, we had talked about reaching double digit, and we have grown more than 700 to 800 basis points in this quarter further.” Later call (Feb 2026): “Birla Opus, the third largest decorative paints player, expanded its revenue market share by more than 300 basis points year-over-year based on internal estimates and the announced results of listed paints majors.”

Industry Demand Narrative Reversal · 11 February 2026. Management previously utilized a narrative of a 'degrowing' or 'sluggish' industry to describe the market environment in the August and November 2025 calls. However, in the February 2026 call, they shifted to a more optimistic assessment, stating that the industry is seeing 'good to strong consumer demand' based on double-digit volume growth, effectively contradicting the earlier risk narrative. Earlier call (Nov 2025): “If I had to summarize the world in one line today, globally, this a low speed economy with pockets of strength... organized decorative paint industry has degrown slightly on a year-on-year basis.” Later call (Feb 2026): “industry revenue growth including Opus rises to 5-6% and volume growth jumps to 11-12%. In my economic understanding, double-digit volume growth reflects good to strong consumer demand.”

Every quote above is taken word for word from the company’s own earnings calls. ## How much does Grasim Industries earn on its capital? Grasim Industries Ltd earned a ROCE of 8% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 5.9% net margin and 0.31× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.9% net margin × 0.31× asset turnover × 5.50× leverage (assets divided by equity) ≈ 10.1% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 14% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Grasim Industries have too much debt? Grasim Industries Ltd had ₹2,27,853 Cr of borrowings against ₹1,03,470 Cr of equity in FY26, so its debt is 2.20× its equity. Its operating profit is 2 times its interest bill. Over 5 years borrowings went from ₹79,078 Cr to ₹2,27,853 Cr. Over the last 3 of those years it spent ₹82,424 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 14% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Grasim Industries shareholding pattern? Domestic institutions cut their stake in Grasim Industries Ltd by 2.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 15.3% of the company. Promoters moved +2.1 points over the same period, to 45.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −2.5 points over 8 quarters, to 15.3%; Promoters: +2.1 points over 8 quarters, to 45.2%; Foreign institutions: +0.7 points over 8 quarters, to 14.5%. Why the owners changed: domestic institutions drove it (−2.5 points), with the other side taken by promoters (+2.1 points). They reduced their stake. ## How far is Grasim Industries from balance-sheet trouble? For Grasim Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Grasim Industries rank in its industry? 59.0 out of 100, rank 4 of 20 in Diversified, with 82% of the evidence available. Grasim Industries Ltd scores 59.0 out of 100 against the 20 companies it is compared with in Diversified, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 23.8 + 13.1 + 7.6 + 14.5 = 59. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Grasim Industries compared with? Grasim Industries ranks 4 of 20 Diversified companies on the 4-Factor Sector Score, with 59.0 out of 100. 1. [Indiabulls Limited](https://www.sectoralpha.in/stocks/indiabulls-limited) IBULLSLTD · leader · Most evidence points up · 67% evidence 67.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.7/35 · Revenue 100% · Profit 100% · Operating margin change 28 points · 71% evidence Capital efficiency 10.7/25 · ROCE 8.2% · Operating margin 43% · 76% evidence Valuation 10.4/20 · P/E 14.5× · PEG n/a · 15% evidence Relative strength 19.3/20 · Lead over its industry 51.7% · Lead over NIFTY 500 52.3% · 1 year 44.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.7 + 10.7 + 10.4 + 19.3 = 67.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Sobhagya Mercantile Ltd](https://www.sectoralpha.in/stocks/sobhagya-mercantile-ltd) leader · Evidence leans up · 80% evidence 61.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 21.9% · Profit 8.1% · Operating margin change -0.5 points · 95% evidence Capital efficiency 18.1/25 · ROCE 23.4% · Operating margin 14.4% · 95% evidence Valuation 8.9/20 · P/E 68.1× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 41.2% · Lead over NIFTY 500 43.8% · 1 year 45.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.9 + 18.1 + 8.9 + 18.9 = 61.8 · What this means: Relative strength against the index is 43.8%, and revenue and profit growth are weak. 3. [Kalind Ltd](https://www.sectoralpha.in/stocks/kalind-ltd) basing · Evidence leans up · 87% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 100% · Profit 100% · Operating margin change 21 points · 95% evidence Capital efficiency 17.1/25 · ROCE 32% · Operating margin 63% · 95% evidence Valuation 12.4/20 · P/E 7.6× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -64% · Lead over NIFTY 500 -62.8% · 1 year -37.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 30.4 + 17.1 + 12.4 + 0 = 59.9 · What this means: Earnings are strong; relative strength in its sector is -64% and the one-year return is -37.8%. 4. Grasim Industries Ltd this page GRASIM · turning · Evidence leans up · 82% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 19.5% · Profit 33.1% · Operating margin change 1 points · 95% evidence Capital efficiency 13.1/25 · ROCE 8% · Operating margin 23% · 76% evidence Valuation 7.6/20 · P/E 35.4× · PEG n/a · 50% evidence Relative strength 14.5/20 · Lead over its industry 3.9% · Lead over NIFTY 500 6.4% · 1 year 3.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23.8 + 13.1 + 7.6 + 14.5 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BCL Industries Ltd](https://www.sectoralpha.in/stocks/bcl-industries-ltd) BCLIND · quiet · Evidence leans up · 82% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue -13.1% · Profit 15.2% · Operating margin change 3 points · 95% evidence Capital efficiency 14.1/25 · ROCE 13.9% · Operating margin 10% · 76% evidence Valuation 13.3/20 · P/E 7.6× · PEG n/a · 50% evidence Relative strength 7.7/20 · Lead over its industry -5.5% · Lead over NIFTY 500 -3.2% · 1 year -24.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 19.4 + 14.1 + 13.3 + 7.7 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Balmer Lawrie & Company Ltd](https://www.sectoralpha.in/stocks/balmer-lawrie-company-ltd) BALMLAWRIE · basing · Evidence leans up · 82% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue 8.9% · Profit 3.8% · Operating margin change 1 points · 95% evidence Capital efficiency 15.4/25 · ROCE 14.6% · Operating margin 13% · 76% evidence Valuation 14.4/20 · P/E 9.5× · PEG n/a · 50% evidence Relative strength 8.2/20 · Lead over its industry -9.7% · Lead over NIFTY 500 -7.2% · 1 year -23.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 15.4 + 14.4 + 8.2 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [3M India Ltd](https://www.sectoralpha.in/stocks/3m-india-ltd) 3MINDIA · quiet · Evidence leans up · 85% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 15.7% · Profit 16.1% · Operating margin change -3 points · 100% evidence Capital efficiency 20.7/25 · ROCE 50% · Operating margin 17% · 100% evidence Valuation 2.5/20 · P/E 74.1× · PEG 3.29 · 100% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.3% · 1 year -1.9% · 25% evidence · 3 of 12 weeks ahead Exact sum: 21.4 + 20.7 + 2.5 + 8.5 = 53.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Texmaco Infrastructure & Holdings Ltd](https://www.sectoralpha.in/stocks/texmaco-infrastructure-holdings-ltd) TEXINFRA · leader · Evidence leans up · 75% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 5.5% · Profit 100% · Operating margin change -37.9 points · 95% evidence Capital efficiency 7.7/25 · ROCE 1.4% · Operating margin -48.8% · 76% evidence Valuation 8.5/20 · P/E 159× · PEG n/a · 15% evidence Relative strength 17.1/20 · Lead over its industry 11% · Lead over NIFTY 500 13.6% · 1 year 9.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.2 + 7.7 + 8.5 + 17.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Bluspring Enterprises Ltd](https://www.sectoralpha.in/stocks/bluspring-enterprises-ltd) BLUSPRING · leader · Evidence leans up · 60% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 11.7% · Profit 100% · Operating margin change 0.5 points · 95% evidence Capital efficiency 6.3/25 · ROCE 5.8% · Operating margin 2.2% · 76% evidence Valuation 9.6/20 · P/E 47.6× · PEG n/a · 15% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 73.2% · 1 year 86.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 6.3 + 9.6 + 12.5 = 51 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Nurture Well Industries Ltd](https://www.sectoralpha.in/stocks/nurture-well-industries-ltd) basing · Evidence leans down · 80% evidence 46.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 34% · Profit 27% · Operating margin change 1 points · 95% evidence Capital efficiency 14.3/25 · ROCE 22.9% · Operating margin 11% · 95% evidence Valuation 11.5/20 · P/E 7.5× · PEG n/a · 15% evidence Relative strength 1.3/20 · Lead over its industry -35.9% · Lead over NIFTY 500 -33.2% · 1 year -24.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.6 + 14.3 + 11.5 + 1.3 = 46.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Nava Ltd](https://www.sectoralpha.in/stocks/nava-ltd) NAVA · basing · Evidence leans down · 93% evidence 46.2 out of 100 Growth Capital Valuation Relative
12. [Rossell India Ltd](https://www.sectoralpha.in/stocks/rossell-india-ltd) ROSSELLIND · Evidence leans down · 63% evidence 41.6 out of 100 Growth Capital Valuation Relative
13. [Tube Investments of India Ltd](https://www.sectoralpha.in/stocks/tube-investments-of-india-ltd) TIINDIA · quiet · Evidence leans down · 100% evidence 39.0 out of 100 Growth Capital Valuation Relative
14. [Swan Corp Ltd](https://www.sectoralpha.in/stocks/swan-corp-ltd) SWANCORP · quiet · Most evidence points down · 60% evidence 31.9 out of 100 Growth Capital Valuation Relative
15. [Andrew Yule & Company Ltd](https://www.sectoralpha.in/stocks/andrew-yule-company-ltd) ANDREWYU · quiet · Most evidence points down · 65% evidence 28.6 out of 100 Growth Capital Valuation Relative
16. [Integrated Industries Ltd](https://www.sectoralpha.in/stocks/integrated-industries-ltd) IIL · Too little evidence to rank firmly · 36% evidence 59.2 out of 100 Growth Capital Valuation Relative
17. [Piramal Enterprises Ltd(Merged)](https://www.sectoralpha.in/stocks/piramal-enterprises-ltd-merged) PEL · Too little evidence to rank firmly · 34% evidence 46.4 out of 100 Growth Capital Valuation Relative
18. [Arunis Abode Ltd](https://www.sectoralpha.in/stocks/arunis-abode-ltd) ARUNIS · Too little evidence to rank firmly · 31% evidence 42.4 out of 100 Growth Capital Valuation Relative
19. [Kesar Enterprises Ltd](https://www.sectoralpha.in/stocks/kesar-enterprises-ltd) KESAR · Too little evidence to rank firmly · 37% evidence 36.1 out of 100 Growth Capital Valuation Relative
20. [Bharat Global Developers Ltd](https://www.sectoralpha.in/stocks/bharat-global-developers-ltd) BGDL · Too little evidence to rank firmly · 49% evidence 31.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Diversified](https://www.sectoralpha.in/sectors/diversified), all 20 compared on one page. ## Which companies are close to Grasim Industries in size? Grasim Industries is the largest of 20 Diversified companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Tube Investments of India, 3M India, Piramal Enterprises Ltd(Merged), Nava, Swan Corp and Indiabulls. ### Diversified companies close in size

1. Grasim Industries Ltd ₹2,02,895 crore
2. [Tube Investments of India Ltd](https://www.sectoralpha.in/stocks/tube-investments-of-india-ltd) ₹41,037 crore
3. [3M India Ltd](https://www.sectoralpha.in/stocks/3m-india-ltd) ₹32,672 crore
4. [Piramal Enterprises Ltd(Merged)](https://www.sectoralpha.in/stocks/piramal-enterprises-ltd-merged) ₹25,483 crore
5. [Nava Ltd](https://www.sectoralpha.in/stocks/nava-ltd) ₹14,416 crore
6. [Swan Corp Ltd](https://www.sectoralpha.in/stocks/swan-corp-ltd) ₹7,126 crore
7. [Indiabulls Limited](https://www.sectoralpha.in/stocks/indiabulls-limited) ₹7,036 crore

[All 20 Diversified companies, largest first](https://www.sectoralpha.in/sectors/diversified#all-companies)

### Companies close in size in other industries

1. [Tata Steel Ltd](https://www.sectoralpha.in/stocks/tata-steel-ltd) ₹2,09,224 crore · Steel
2. [Avenue Supermarts Ltd](https://www.sectoralpha.in/stocks/avenue-supermarts-ltd) ₹2,08,674 crore · Retail - Departmental Stores
3. Grasim Industries Ltd ₹2,02,895 crore
4. [TVS Motor Company Ltd](https://www.sectoralpha.in/stocks/tvs-motor-company-ltd) ₹1,99,309 crore · Auto - 2 & 3 Wheelers
5. [Hindalco Industries Ltd](https://www.sectoralpha.in/stocks/hindalco-industries-ltd) ₹1,98,812 crore · Aluminium

## What else do people ask about Grasim Industries? ### What is Grasim Industries's share price today? Grasim Industries Ltd's share price is ₹3,138.00, +15.2% over the past year. The whole company is worth ₹2,13,581 Cr on the market. In the last 52 weeks it traded between ₹2,564 to ₹3,323; today it is 76% of the way up from the low, 4.4% above its 200-day average (as of 4 November 2026). ### What were Grasim Industries's latest quarterly results? Grasim Industries Ltd reported revenue of ₹48,716 Cr and net profit of ₹3,846 Cr for the Jun 2026 quarter. Revenue rose 21.4% and profit rose 38.8% compared with a year earlier. Earnings per share were ₹31.53. The operating margin was 23.0%, 1.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Grasim Industries's market cap? Grasim Industries Ltd's market capitalisation is ₹2,13,581 Cr at a share price of ₹3,138.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Grasim Industries performing? Grasim Industries Ltd's share price has been rising for 23 weeks. In its latest quarter, revenue rose 21.4% and profit rose 38.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 3 weeks running (as of 4 November 2026). ### Will Grasim Industries's share price go up? This page does not forecast Grasim Industries Ltd's share price. What it shows instead: the share price is ₹3,138.00, and it has been rising for 23 weeks. Its P/E of 37.3× is higher than 83% of its own last 11 years (as of 4 November 2026). ### Where is Grasim Industries in its business cycle? Grasim Industries Ltd's FY26 operating margin was 21.0%, against a 13-year range of 15.0% to 24.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 23.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Grasim Industries story? The main question: profits are rising, but only −163% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Grasim Industries a stock worth studying right now? What the numbers show: Grasim Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +34.0% in a year while the price moved +15.2%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Grasim Industries share price forecast for 2026? What management itself guided: Birla Opus FY27 revenue growth above 50%. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list

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