Grasim Industries

Indicators

0 bullish · 4 neutral · 17 bearish

Verdict

Grasim delivers strong earnings and revenue growth across core segments, while rising net debt and selective capex cuts warrant attention.

Why

• •Consolidated revenue and EBITDA remain robust, driven by recovering cement realizations, higher chemical margins, and steady financial services lending growth.
• •Operational efficiency is improving, with cellulosic fibres inventory days dropping to 7, cement green power mix reaching 45.6%, and paint retail outlets expanding to 1,450.
• •Net debt has climbed to ₹39,877 Cr and standalone borrowings spiked, reflecting aggressive lending expansion and ongoing project investments.
• •Capital expenditure in chemicals and new growth businesses has scaled back, while volumes for caustic soda and certain fibre products show seasonal softening.

Signals