Grasim Industries Limited
Grasim Industries Limited, together with its subsidiaries, primarily produces cellulosic fibres, diversified chemicals, fashion yarns, and fabrics in india and internationally. The company operates through Cellulosic Fibres, Chemicals, Building Materials, Financial Services, and Others segments. It offers cellulosic staple fibre; and cellulosic fashion yarn; chlor-alkali comprising caustic soda; … Read more
Grasim Industries Limited (GRASIM) - Net Assets
Latest net assets as of September 2025: ₹1.62 Trillion INR
Based on the latest financial reports, Grasim Industries Limited (GRASIM) has net assets worth ₹1.62 Trillion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹5.30 Trillion) and total liabilities (₹3.68 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.62 Trillion |
| % of Total Assets | 30.6% |
| Annual Growth Rate | 19.35% |
| 5-Year Change | 53.87% |
| 10-Year Change | 336.45% |
| Growth Volatility | 21.32 |
Grasim Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how Grasim Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grasim Industries Limited (2005–2025)
The table below shows the annual net assets of Grasim Industries Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.58 Trillion | +13.58% |
| 2024-03-31 | ₹1.39 Trillion | +13.04% |
| 2023-03-31 | ₹1.23 Trillion | +5.80% |
| 2022-03-31 | ₹1.16 Trillion | +13.27% |
| 2021-03-31 | ₹1.03 Trillion | +12.72% |
| 2020-03-31 | ₹909.88 Billion | +9.41% |
| 2019-03-31 | ₹831.60 Billion | -0.64% |
| 2018-03-31 | ₹836.99 Billion | +103.70% |
| 2017-03-31 | ₹410.89 Billion | +13.64% |
| 2016-03-31 | ₹361.58 Billion | +17.31% |
| 2015-03-31 | ₹308.22 Billion | +7.96% |
| 2014-03-31 | ₹285.50 Billion | +10.33% |
| 2013-03-31 | ₹258.78 Billion | +16.03% |
| 2012-03-31 | ₹223.02 Billion | +17.85% |
| 2011-03-31 | ₹189.25 Billion | +16.25% |
| 2010-03-31 | ₹162.79 Billion | +22.61% |
| 2009-03-31 | ₹132.77 Billion | +27.08% |
| 2008-03-31 | ₹104.48 Billion | +40.79% |
| 2007-03-31 | ₹74.21 Billion | +38.68% |
| 2006-03-31 | ₹53.51 Billion | +16.68% |
| 2005-03-31 | ₹45.86 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grasim Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 171.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹107.38 Billion | 11.01% |
| Common Stock | ₹1.36 Billion | 0.14% |
| Other Comprehensive Income | ₹519.92 Billion | 53.32% |
| Other Components | ₹346.43 Billion | 35.53% |
| Total Equity | ₹975.09 Billion | 100.00% |
Grasim Industries Limited Competitors by Market Cap
The table below lists competitors of Grasim Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United States Steel Corporation
NYSE:X
|
$11.20 Billion |
|
Bank Mandiri Persero Tbk PT
PINK:PPERF
|
$11.21 Billion |
|
Nutanix Inc
NASDAQ:NTNX
|
$11.21 Billion |
|
Comerica Incorporated
NYSE:CMA
|
$11.21 Billion |
|
Joint Stock Commercial Bank for Investment and Development of Vietnam
VN:BID
|
$11.18 Billion |
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
IAMGold Corporation
NYSE:IAG
|
$11.14 Billion |
|
ZTE Corp-H
PINK:ZTCOF
|
$11.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grasim Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 886,524,000,000 to 975,092,300,000, a change of 88,568,300,000 (10.0%).
- Net income of 37,056,800,000 contributed positively to equity growth.
- Dividend payments of 15,840,500,000 reduced retained earnings.
- Share repurchases of 1,860,100,000 reduced equity.
- New share issuances of 29,477,200,000 increased equity.
- Other comprehensive income increased equity by 489,183,700,000.
- Other factors decreased equity by 449,448,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹37.06 Billion | +3.8% |
| Dividends Paid | ₹15.84 Billion | -1.62% |
| Share Repurchases | ₹1.86 Billion | -0.19% |
| Share Issuances | ₹29.48 Billion | +3.02% |
| Other Comprehensive Income | ₹489.18 Billion | +50.17% |
| Other Changes | ₹-449.45 Billion | -46.09% |
| Total Change | ₹- | 9.99% |
Book Value vs Market Value Analysis
This analysis compares Grasim Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.84x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 30.23x to 1.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹88.77 | ₹2683.30 | x |
| 2006-03-31 | ₹105.10 | ₹2683.30 | x |
| 2007-03-31 | ₹142.57 | ₹2683.30 | x |
| 2008-03-31 | ₹199.42 | ₹2683.30 | x |
| 2009-03-31 | ₹251.38 | ₹2683.30 | x |
| 2010-03-31 | ₹272.00 | ₹2683.30 | x |
| 2011-03-31 | ₹316.36 | ₹2683.30 | x |
| 2012-03-31 | ₹370.39 | ₹2683.30 | x |
| 2013-03-31 | ₹297.34 | ₹2683.30 | x |
| 2014-03-31 | ₹470.11 | ₹2683.30 | x |
| 2015-03-31 | ₹503.29 | ₹2683.30 | x |
| 2016-03-31 | ₹587.19 | ₹2683.30 | x |
| 2017-03-31 | ₹671.62 | ₹2683.30 | x |
| 2018-03-31 | ₹945.87 | ₹2683.30 | x |
| 2019-03-31 | ₹848.03 | ₹2683.30 | x |
| 2020-03-31 | ₹859.16 | ₹2683.30 | x |
| 2021-03-31 | ₹990.71 | ₹2683.30 | x |
| 2022-03-31 | ₹1145.07 | ₹2683.30 | x |
| 2023-03-31 | ₹1198.10 | ₹2683.30 | x |
| 2024-03-31 | ₹1342.06 | ₹2683.30 | x |
| 2025-03-31 | ₹1460.37 | ₹2683.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grasim Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.50%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 5.13x
- Recent ROE (3.80%) is below the historical average (14.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 21.08% | 9.27% | 0.81x | 2.80x | ₹4.53 Billion |
| 2006 | 23.91% | 11.31% | 0.84x | 2.51x | ₹6.73 Billion |
| 2007 | 35.95% | 16.74% | 0.89x | 2.42x | ₹17.03 Billion |
| 2008 | 36.46% | 19.71% | 0.81x | 2.27x | ₹24.28 Billion |
| 2009 | 22.60% | 14.21% | 0.76x | 2.10x | ₹14.58 Billion |
| 2010 | 27.33% | 17.17% | 0.72x | 2.22x | ₹21.70 Billion |
| 2011 | 15.64% | 10.72% | 0.66x | 2.20x | ₹8.22 Billion |
| 2012 | 15.51% | 10.54% | 0.69x | 2.14x | ₹9.41 Billion |
| 2013 | 13.76% | 9.73% | 0.63x | 2.25x | ₹7.39 Billion |
| 2014 | 8.07% | 5.37% | 0.68x | 2.21x | ₹-4.18 Billion |
| 2015 | 7.54% | 5.37% | 0.60x | 2.34x | ₹-5.70 Billion |
| 2016 | 9.00% | 7.16% | 0.58x | 2.17x | ₹-2.75 Billion |
| 2017 | 10.09% | 8.78% | 0.57x | 2.00x | ₹285.92 Million |
| 2018 | 4.67% | 4.79% | 0.27x | 3.62x | ₹-30.58 Billion |
| 2019 | 3.04% | 2.19% | 0.34x | 4.11x | ₹-38.84 Billion |
| 2020 | 7.79% | 5.87% | 0.31x | 4.31x | ₹-12.53 Billion |
| 2021 | 6.57% | 5.63% | 0.29x | 4.08x | ₹-22.45 Billion |
| 2022 | 9.97% | 7.89% | 0.33x | 3.82x | ₹-200.43 Million |
| 2023 | 8.67% | 5.80% | 0.35x | 4.28x | ₹-10.47 Billion |
| 2024 | 6.34% | 4.29% | 0.32x | 4.65x | ₹-32.41 Billion |
| 2025 | 3.80% | 2.50% | 0.30x | 5.13x | ₹-60.45 Billion |
Industry Comparison
This section compares Grasim Industries Limited's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $38,811,180,100
- Average return on equity (ROE) among peers: 12.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grasim Industries Limited (GRASIM) | ₹1.62 Trillion | 21.08% | 2.27x | $11.20 Billion |
| ACC Limited (ACC) | $143.12 Billion | 13.02% | 0.47x | $1.14 Billion |
| Andhra Cements Limited (ACL) | $2.62 Billion | 0.00% | 2.18x | $5.65 Million |
| Ambuja Cements Limited (AMBUJACEM) | $23.81 Billion | 16.19% | 0.96x | $3.98 Billion |
| Anjani Portland Cement Limited (APCL) | $850.44 Million | 5.09% | 3.86x | $6.37 Million |
| Birla Corporation Limited (BIRLACORPN) | $60.49 Billion | 6.59% | 1.29x | $304.39 Million |
| Burnpur Cement Limited (BURNPUR) | $-4.52 Billion | 0.00% | 0.00x | $6.21 Million |
| Barak Valley Cements Limited (BVCL) | $1.20 Billion | 6.03% | 0.95x | $3.15 Million |
| Dalmia Bharat Limited (DALBHARAT) | $157.59 Billion | 5.18% | 0.58x | $1.59 Billion |
| Deccan Cements Limited (DECCANCE) | $1.39 Billion | 34.44% | 1.71x | $43.11 Million |
| EURO PRATIK SALES LIMITED (EUROPRATIK) | $1.56 Billion | 40.39% | 0.12x | $46.56 Million |