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GRASIM - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.3

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.3

Stock Code GRASIM Market Cap 1,84,851 Cr. Current Price 2,716 ₹ High / Low 2,980 ₹
Stock P/E 479 Book Value 808 ₹ Dividend Yield 0.37 % ROCE 1.52 %
ROE 0.35 % Face Value 2.00 ₹ DMA 50 2,785 ₹ DMA 200 2,762 ₹
Chg in FII Hold 0.12 % Chg in DII Hold -0.28 % PAT Qtr -127 Cr. PAT Prev Qtr 805 Cr.
RSI 46.7 MACD -46.4 Volume 11,82,222 Avg Vol 1Wk 11,30,548
Low price 2,426 ₹ High price 2,980 ₹ PEG Ratio -7.94 Debt to equity 0.24
52w Index 52.2 % Qtr Profit Var 24.8 % EPS 3.29 ₹ Industry PE 28.2

📊 Core Financials

  • Quarterly PAT dropped sharply from ₹805 Cr. to -₹127 Cr., indicating severe earnings pressure.
  • ROCE at 1.52% and ROE at 0.35% → very weak efficiency compared to peers.
  • Debt-to-equity ratio of 0.24 → moderate leverage.
  • Cash flows strained due to losses and weak profitability.

💹 Valuation Indicators

  • P/E Ratio: 479 vs Industry PE of 28.2 → extremely overvalued.
  • P/B Ratio: ~3.36x (₹2716 / ₹808) → moderate valuation relative to book value.
  • PEG Ratio: -7.94 → negative, indicating poor growth visibility.
  • Intrinsic Value: Current price above fair zone, reflecting speculative optimism.

🏢 Business Model & Competitive Advantage

  • Diversified conglomerate with exposure to cement, textiles, chemicals, and financial services.
  • Strong brand under Aditya Birla Group provides recognition.
  • Weak profitability and efficiency metrics limit competitive advantage.

📈 Technical & Entry Zone

  • Current Price: ₹2716, below 50 DMA (₹2785) and 200 DMA (₹2762).
  • RSI: 46.7 → neutral zone.
  • MACD: -46.4 → bearish momentum.
  • Entry Zone: Attractive accumulation only for high-risk investors around ₹2400–₹2500.
  • Long-Term Holding: Risky due to weak fundamentals; suitable only for speculative investors.

✅ Positive

  • Strong brand under Aditya Birla Group.
  • FII holdings increased slightly (+0.12%).
  • Diversified business portfolio provides sectoral exposure.

⚠️ Limitation

  • Extremely high P/E ratio (479).
  • Negative PAT in recent quarter.
  • Weak ROE and ROCE compared to peers.

📉 Company Negative News

  • Quarterly PAT turned negative (-₹127 Cr.).
  • Stock corrected from 52-week high of ₹2980.
  • Decline in DII holdings (-0.28%).

📈 Company Positive News

  • FII holdings increased by 0.12%, showing some foreign investor confidence.
  • Strong brand presence under Aditya Birla Group supports long-term recognition.

🏭 Industry

  • Diversified exposure across cement, textiles, and chemicals.
  • Industry PE at 28.2 indicates moderate investor confidence.

🔎 Conclusion

GRASIM is a diversified conglomerate with strong brand recognition but currently facing severe earnings pressure and weak efficiency metrics.

Valuations are extremely stretched, making it risky for long-term investors.

Best accumulated cautiously around ₹2400–₹2500 only by high-risk investors, while monitoring profitability recovery.

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