EN DE

Grasim Industries Limited (GRASIM) Fair Value & Analysis

Basic Materials · IN · Market cap ₹2.1T (≈ $22.1B) · ISIN INE047A01021

What is Grasim Industries Limited really worth?

GI Grasim Industries Limited GRASIM · NSE
Price₹3,322
Fair Value₹1,245
Upside−62.5%
Quality30/100

Below-average quality, and trading another 167% above our fair value of ₹1,245.

Watch Grasim Industries Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Risks

!Expensive Growth (revenue 5y +18.1 %/yr)
!Thin margins · 2.8% net margin
!High debt · negative free cash flow
!Trails peers (4/13)
!Narrow moat 40/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 25 out of 100
!Weak on balance sheet: 24 out of 100

For context

·0.30% dividend yield
Evidence: Medium Range ₹933.80 – ₹1,556

Fair value as of: Sep 3, 2026

From 16 valuation models · updated yesterday

Share price +5.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹1,556). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

₹3,381 ₹1,260 Fair Value ₹1,245 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range ₹1,260 – ₹3,381 · fair‑value band ₹933.80 – ₹1,556 · the ₹3,322 price screens above the ₹1,245 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Grasim Industries Limited (GRASIM) currently trades at ₹3,322, while our model-based Fair Value estimate is ₹1,245, implying the stock looks roughly 166.8% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,428 per share, and 3 of the 16 models we run sit above the ₹3,322 price. Bear case: the Dividend Discount group reads lowest at ₹423.96, and 13 of the 16 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Grasim Industries Limited generated revenue of ₹1.8T at a net margin of 2.8%. Revenue grew 10.5% year over year. It earns a return on equity of 6.3%. Net debt stands at ₹2.2T. Fundamentals as of Sep 3, 2026

Our scenario range runs from ₹933.80 (bear case) to ₹1,556 (bull case); at ₹3,322, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −56% fair-value upside, at −63%, GRASIM screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹27.16 per share, which is 2.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence ₹1,183 ₹1,199 ₹1,158 76
EPV ₹2,406 ₹3,223 ₹3,949 74
ROIC Compounder ₹2,935 ₹5,271 ₹7,583 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹498.03 ₹2,734 ₹3,793 63
Lynch FV ₹760.81 ₹1,087 ₹1,413 61
PEG = 1.0 ₹760.81 ₹1,087 ₹1,413 57
EPV ₹2,406 ₹3,223 ₹3,949 74
Dividend Discount
Gordon GGM ₹237.06 ₹517.55 ₹870.80 65
DDM Multi-Stage ₹237.06 ₹423.96 ₹539.37 66
Multiples
P/E Multiple ₹933.80 ₹1,245 ₹1,556 63
P/S Multiple ₹933.80 ₹1,245 ₹1,556 58
P/B Multiple ₹933.80 ₹1,245 ₹1,556 55
EV/EBIT ₹3,284 ₹5,119 ₹6,954 65
EV/EBITDA ₹2,565 ₹4,161 ₹5,756 66
EV/Revenue ₹494.93 ₹1,659 ₹2,823 49
Asset-Based
NCAV (Graham) ₹762.92 ₹1,022 ₹1,526 54
Economic Profit
Residual Income best evidence ₹1,183 ₹1,199 ₹1,158 76
ROIC Compounder ₹2,935 ₹5,271 ₹7,583 70
Growth Earnings
Growth-Adj P/E ₹999.88 ₹1,428 ₹1,857 67

Widest divergence: Growth Earnings (₹1,428) versus Dividend Discount (₹423.96). Highest evidence: Residual Income (76).

Notify me when GRASIM reaches fair value

Put GRASIM on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 45.4
P/S ratio 1.28 P/E × margin
EPS (TTM) ₹73.24 price ÷ EPS = P/E 45.4
Dividend yield 0.3% payout 13.7%
Net margin 2.8% FY2026
Return on equity 6.3% TTM
More key figures
Profitability
Return on assets (EBIT) 9.5% avg 5y
Operating margin 17.3% TTM
Growth
Revenue (TTM) ₹1.8T TTM
Revenue growth (YoY) +10.5% 3y avg +14.3%
EPS growth (YoY) +60.8%
Balance sheet & cash flow
Free cash flow −₹334B FY2026
Net debt ₹2.2T FY2026

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 27 · Market factors (momentum, volatility) 73

Profitability 23
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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; chlorine derivatives, and specialty chemicals, that include epoxy polymers and curing agents. The company also provides grey cement, white cement-based putty, and ready-mix concrete; and decorative paints comprising interior and exterior water- based paints, enamel paints, wood finishes, waterproofing solutions, and wallpapers under the Birla Opus brand name. In addition, it operates Birla Pivot, a business-to-business e-commerce platform for building and construction materials; and offers non-banking financial services, housing finance, asset management, and health and life insurance, protection, investments, advisory, and value-added services. Further, the company provides textile products, such as linen fabrics, wool tops and worsted yarn, and cotton fabrics under Linen Club, Cavallo, Soktas, and Giza House brands; manufactures and sells ceramic and composite insulators for transmission and distribution lines, sub-stations, power equipment, and railway electrification industries; and engages in generating clean energy using solar, wind, hybrid, and floating solar systems. The company was incorporated in 1947 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Grasim Industries Limited reported revenue of ₹1.8T in FY2026 versus ₹957B in FY2022, a compound +16.4%/yr. Reported net income was ₹49.7B in FY2026, compounding −9.9%/yr from FY2022.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.8T
Latest YoY
+18.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.1%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.0%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+2.1% (1.8 + 0.3)
Revenue +16.4%/yr
FY22 ₹957B
FY23 ₹1.2T
FY24 ₹1.3T
FY25 ₹1.5T
FY26 ₹1.8T
Net income −9.9%/yr
FY22 ₹75.5B
FY23 ₹68.3B
FY24 ₹56.2B
FY25 ₹37.1B
FY26 ₹49.7B
Character of growth · EPS growth decomposed (2015-2026) +3.4 % p.a.
Revenue per share +13.3 %

of which total revenue +17.9 % · buybacks/dilution −4.0 %

EBIT margin +0.6 %
Tax rate −1.6 %
Residual (interest, one-offs) −7.9 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

GRASIM screens 167% overvalued. Compare with CRH plc →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Grasim Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/GRASIM

Peer Group

Building Materials · 257 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 30 · Bottom 25%
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 17% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 1.52× · Higher than 75% of peers

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 45.4× · Pricier than 75% of peers
P/B 2.01× · Pricier than 75% of peers
P/S (TTM) 1.19× · Pricier than median
EV/EBITDA 9.9× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 17
FUTURE53 · sector 2
PAST25 · sector 15
HEALTH24 · sector 92
DIVIDEND6 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $96.05 $69.69 −27%
Holcim AG HOLN CHF 71.04 CHF 20.00 −72%
Vulcan Materials Company VMC $259.69 $114.48 −56%
UltraTech Cement Limited ULTRACEMCO ₹11,891 ₹4,718 −60%
Heidelberg Materials AG HEI €170.05 €167.96 −1%
Martin Marietta Materials, Inc MLM $543.90 $215.31 −60%
China Jushi Co 600176 ¥40.56 ¥13.22 −67%
Amrize AG AMRZ CHF 37.65 CHF 29.67 −21%
CEMEX, S.A. CX $11.24 $11.31 +1%
James Hardie Industries plc JHX A$41.54 A$9.80 −76%

Compare Grasim Industries Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Grasim Industries Limited (GRASIM) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of ₹1,245 versus a price of ₹3,322, about −63% upside (overvalued).
What is the fair value of GRASIM?
Our model-based fair value for Grasim Industries Limited is ₹1,245 (as of Sep 3, 2026), built from audited fundamentals. The current price: ₹3,322.
What is the quality score of GRASIM?
Grasim Industries Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Grasim Industries Limited (GRASIM)?
Grasim Industries Limited reported trailing-twelve-month revenue of about ₹1.8T (latest available figure, as of Sep 3, 2026).
What is the net profit margin of GRASIM?
The net profit margin of Grasim Industries Limited is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Grasim Industries Limited pay a dividend?
Grasim Industries Limited currently shows a dividend yield of about 0.30% relative to its recent price (as of Sep 3, 2026).
Free · no account needed

Watch Grasim Industries Limited in the live analysis

One click puts Grasim Industries Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.