Keep an eye on this conglomerate: Grasim Industries Ltd

Keep an eye on this conglomerate: Grasim Industries Ltd

by 5paisa Research Team Last Updated: Dec 13, 2022 - 08:59 pm 46.6k Views
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The company has announced its quarterly results, however, the stock is trading flat.

The multibagger stock Grasim Industries Ltd posted its quarter ended September results on 12 November 2021. The company reported an excellent consolidated sales number. The net sales stood at Rs 22,564 crore which witnessed a jump of 13% sequentially and about 26% when compared with the same quarter previous fiscal.

The EBITDA too witnessed decent growth on a YoY basis as it increased by 10.75% to Rs 4,893 crore. However, on a quarter-on-quarter basis, it declined by 8%. The PAT came in at Rs 1,889 crore, which saw a growth of 34% YoY, but a decline of 17% sequentially.

The company has been on a trending list of shareholders as it has turned out to be a multibagger in the trailing twelve months. The stock has run from Rs 842.55 to Rs 1857.85 to deliver a massive return of over 120%. It has multiplied shareholders’ wealth by 2.2 times.

Grasim Industries Ltd is a flagship company of Aditya Birla Group, which originally started its business in the textile manufacturing sector but now has a presence in varied businesses. It owns Ultratech Cement which is the largest manufacturer of grey cement in India. Recently, the company was trending for the commencement of the Chloromethane (CMS) project on 4 November 2021.

Grasim Industries is also the largest producer of viscose staple fibre (VSF). It also promotes Aditya Birla Capital, which is one of the leading names in the financial services sector. It is also present in other sectors such as electric insulators, fertilizers, paints business and chemicals.

The stock has a 52-week high of Rs 1893.15 and a 52-week low of Rs 820.05. The stock has a price-to-earnings multiple of 19.9. The stock is currently trading flat at Rs 1857.10 at 12:40 pm on 15 November 2021 on the BSE.

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