Grasim Industries Limited (GRASIM) - Net Assets

Latest as of September 2025: Rs1.62 Trillion INR ≈ $17.54 Billion USD

Based on the latest financial reports, Grasim Industries Limited (GRASIM) has net assets worth Rs1.62 Trillion INR (≈ $17.54 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.30 Trillion ≈ $57.33 Billion USD) and total liabilities (Rs3.68 Trillion ≈ $39.79 Billion USD). 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. Check Grasim Industries Limited (GRASIM) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.62 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. Also explore Grasim Industries Limited asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Grasim Industries Limited.

Year	Net Assets	Change
2025-03-31	Rs1.58 Trillion ≈ $17.07 Billion	+13.58%
2024-03-31	Rs1.39 Trillion ≈ $15.03 Billion	+13.04%
2023-03-31	Rs1.23 Trillion ≈ $13.29 Billion	+5.80%
2022-03-31	Rs1.16 Trillion ≈ $12.56 Billion	+13.27%
2021-03-31	Rs1.03 Trillion ≈ $11.09 Billion	+12.72%
2020-03-31	Rs909.88 Billion ≈ $9.84 Billion	+9.41%
2019-03-31	Rs831.60 Billion ≈ $8.99 Billion	-0.64%
2018-03-31	Rs836.99 Billion ≈ $9.05 Billion	+103.70%
2017-03-31	Rs410.89 Billion ≈ $4.44 Billion	+13.64%
2016-03-31	Rs361.58 Billion ≈ $3.91 Billion	+17.31%
2015-03-31	Rs308.22 Billion ≈ $3.33 Billion	+7.96%
2014-03-31	Rs285.50 Billion ≈ $3.09 Billion	+10.33%
2013-03-31	Rs258.78 Billion ≈ $2.80 Billion	+16.03%
2012-03-31	Rs223.02 Billion ≈ $2.41 Billion	+17.85%
2011-03-31	Rs189.25 Billion ≈ $2.05 Billion	+16.25%
2010-03-31	Rs162.79 Billion ≈ $1.76 Billion	+22.61%
2009-03-31	Rs132.77 Billion ≈ $1.44 Billion	+27.08%
2008-03-31	Rs104.48 Billion ≈ $1.13 Billion	+40.79%
2007-03-31	Rs74.21 Billion ≈ $802.55 Million	+38.68%
2006-03-31	Rs53.51 Billion ≈ $578.71 Million	+16.68%
2005-03-31	Rs45.86 Billion ≈ $495.98 Million	--

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	Rs107.38 Billion	11.01%
Common Stock	Rs1.36 Billion	0.14%
Other Comprehensive Income	Rs519.92 Billion	53.32%
Other Components	Rs346.43 Billion	35.53%
Total Equity	Rs975.09 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
Zangge Holding Co Ltd SHE:000408	$20.51 Billion
US Foods Holding Corp NYSE:USFD	$20.52 Billion
Arca Continental S.A.B. de C.V MX:AC	$20.52 Billion
Yantai Jereh Oilfield Services Group Co Ltd SHE:002353	$20.53 Billion
Telefonica Brasil SA ADR NYSE:VIV	$20.48 Billion
Huatai Securities Co Ltd SHG:601688	$20.48 Billion
Telefónica S.A F:TNE2	$20.47 Billion
Nan Ya Printed Circuit Board Corp TW:8046	$20.46 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	Rs37.06 Billion	+3.8%
Dividends Paid	Rs15.84 Billion	-1.62%
Share Repurchases	Rs1.86 Billion	-0.19%
Share Issuances	Rs29.48 Billion	+3.02%
Other Comprehensive Income	Rs489.18 Billion	+50.17%
Other Changes	Rs-449.45 Billion	-46.09%
Total Change	Rs-	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: 1.91x
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 31.48x to 1.91x 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	Rs88.77	Rs2794.50	x
2006-03-31	Rs105.10	Rs2794.50	x
2007-03-31	Rs142.57	Rs2794.50	x
2008-03-31	Rs199.42	Rs2794.50	x
2009-03-31	Rs251.38	Rs2794.50	x
2010-03-31	Rs272.00	Rs2794.50	x
2011-03-31	Rs316.36	Rs2794.50	x
2012-03-31	Rs370.39	Rs2794.50	x
2013-03-31	Rs297.34	Rs2794.50	x
2014-03-31	Rs470.11	Rs2794.50	x
2015-03-31	Rs503.29	Rs2794.50	x
2016-03-31	Rs587.19	Rs2794.50	x
2017-03-31	Rs671.62	Rs2794.50	x
2018-03-31	Rs945.87	Rs2794.50	x
2019-03-31	Rs848.03	Rs2794.50	x
2020-03-31	Rs859.16	Rs2794.50	x
2021-03-31	Rs990.71	Rs2794.50	x
2022-03-31	Rs1145.07	Rs2794.50	x
2023-03-31	Rs1198.10	Rs2794.50	x
2024-03-31	Rs1342.06	Rs2794.50	x
2025-03-31	Rs1460.37	Rs2794.50	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	Rs4.53 Billion
2006	23.91%	11.31%	0.84x	2.51x	Rs6.73 Billion
2007	35.95%	16.74%	0.89x	2.42x	Rs17.03 Billion
2008	36.46%	19.71%	0.81x	2.27x	Rs24.28 Billion
2009	22.60%	14.21%	0.76x	2.10x	Rs14.58 Billion
2010	27.33%	17.17%	0.72x	2.22x	Rs21.70 Billion
2011	15.64%	10.72%	0.66x	2.20x	Rs8.22 Billion
2012	15.51%	10.54%	0.69x	2.14x	Rs9.41 Billion
2013	13.76%	9.73%	0.63x	2.25x	Rs7.39 Billion
2014	8.07%	5.37%	0.68x	2.21x	Rs-4.18 Billion
2015	7.54%	5.37%	0.60x	2.34x	Rs-5.70 Billion
2016	9.00%	7.16%	0.58x	2.17x	Rs-2.75 Billion
2017	10.09%	8.78%	0.57x	2.00x	Rs285.92 Million
2018	4.67%	4.79%	0.27x	3.62x	Rs-30.58 Billion
2019	3.04%	2.19%	0.34x	4.11x	Rs-38.84 Billion
2020	7.79%	5.87%	0.31x	4.31x	Rs-12.53 Billion
2021	6.57%	5.63%	0.29x	4.08x	Rs-22.45 Billion
2022	9.97%	7.89%	0.33x	3.82x	Rs-200.43 Million
2023	8.67%	5.80%	0.35x	4.28x	Rs-10.47 Billion
2024	6.34%	4.29%	0.32x	4.65x	Rs-32.41 Billion
2025	3.80%	2.50%	0.30x	5.13x	Rs-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: $46,064,086,222
Average return on equity (ROE) among peers: 15.48%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Grasim Industries Limited (GRASIM)	Rs1.62 Trillion	21.08%	2.27x	$20.50 Billion
ACC Limited (ACC)	$62.83 Billion	17.15%	0.76x	$2.89 Billion
Ambuja Cements Limited (AMBUJACEM)	$64.68 Billion	18.81%	0.37x	$11.87 Billion
Birla Corporation Limited (BIRLACORPN)	$17.93 Billion	31.08%	0.70x	$757.42 Million
Dalmia Bharat Limited (DALBHARAT)	$105.86 Billion	2.12%	0.95x	$3.87 Billion
Global Surfaces Limited (GSLSU)	$644.84 Million	32.51%	1.00x	$26.18 Million
HeidelbergCement India Limited (HEIDELBERG)	$11.71 Billion	18.84%	1.30x	$389.25 Million
IFGL Refractories Limited (IFGLEXPOR)	$2.53 Billion	11.13%	0.89x	$147.97 Million
The India Cements Limited (INDIACEM)	$101.96 Billion	-1.41%	0.36x	$1.33 Billion
JK Cement Limited (JKCEMENT)	$46.42 Billion	9.12%	1.86x	$4.42 Billion

About Grasim Industries Limited

NSE:GRASIM India Building Materials

Market Cap

$20.50 Billion

Rs1.90 Trillion INR

Market Cap Rank

#1244 Global

#36 in India

Share Price

Rs2794.50

Change (1 day)

-0.31%

52-Week Range

Rs2524.10 - Rs2958.70

All Time High

Rs2958.70