Is Grasim Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Grasim Industries Ltd is a average quality company .

Is Grasim Industries undervalued or overvalued?

The key valuation ratios of Grasim Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Grasim Industries share price return in the past 10 years?

Grasim Industries Ltd share price has appreciated 13.9% annually (CAGR) over the past ten years.

Is Grasim Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Grasim Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Grasim Industries Ltd - Stock Valuation and Financial Performance

Name: Grasim Industries
Brand: Grasim Industries

BSE: 500300 | NSE: GRASIM | Diversified | Large Cap

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Grasim Industries Share Price

₹2,493.85 -43.70 -1.72%
as on 20-Dec'24 16:59

10 Year X-Ray of Grasim Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.4%	14.4%	16.5%	11.3%	8.4%	9.5%	11%	11.9%	12.6%	11.4%	-
Value Creation Index ⓘ	0.1	0.3	0.5	0	-0.3	-0.2	0.0	0.1	0.1	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	32,838	34,487	36,068	55,932	77,209	75,269	76,404	95,701	1,17,627	1,30,978	1,37,116
Sales YoY Gr.	-	5%	4.6%	55.1%	38%	-2.5%	1.5%	25.3%	22.9%	11.4%	-
Adj EPS ⓘ	32.1	52.5	68	41.3	53	68.2	64.4	107.8	104	88.5	65.9
YoY Gr.	-	63.8%	29.4%	-39.3%	28.4%	28.7%	-5.6%	67.4%	-3.5%	-14.9%	-
BVPS (₹) ⓘ	500.2	584.4	668.8	867.3	875.3	853.5	987.2	1,140.8	1,185	1,327	1,365.3
Adj Net Profit ⓘ	1,478	2,461	3,185	2,724	3,499	4,505	4,255	7,125	6,875	6,026	4,482
Cash Flow from Ops. ⓘ	4,594	5,868	7,288	-4,140	-1,659	16,803	15,075	7,038	-12,685	-10,719	-
Debt/CF from Ops. ⓘ	2.6	2.1	1.3	-16.2	-50.9	5	5.1	10.4	-8	-12.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.6%	11.2%	19.7%	11.4%
Adj EPS ⓘ	12%	10.8%	11.2%	-14.9%
BVPSⓘ	11.5%	8.7%	10.4%	12%
Share Price	13.9%	27.4%	15.2%	22.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6.6	9.7	10.8	6.1	6.1	7.9	7	10.1	8.9	7.2	4.9
Op. Profit Mgn % ⓘ	15.7	18.6	20.5	22.2	21.6	23.1	24.4	21.5	18.4	20.8	20.1
Net Profit Mgn % ⓘ	6.6	10	11.8	6.7	5.9	8.9	9.1	11.3	9.5	7.9	3.3
Debt to Equity ⓘ	0.5	0.5	0.3	1.2	1.5	1.5	1.2	1	1.3	1.5	1.1
Working Cap Days ⓘ	111	106	94	312	456	478	467	410	403	451	112
Cash Conv. Cycle ⓘ	35	39	31	18	19	17	1	-5	-3	-6	-9

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.68%

Net Profit is growing at healthy rate in last 3 years 11.19%

Sales growth is good in last 4 quarters at 11.11%

Return on Equity has declined versus last 3 years average to 4.90%

Debt to equity has increased versus last 3 years average to 1.53

Latest Financials - Grasim Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.8	65.9
TTM Sales (₹ Cr.)	27,685	1,37,116
BVPS (₹.) ⓘ	808.2	1,365.3
Reserves (₹ Cr.) ⓘ	52,531	92,784
P/BV ⓘ	3.09	1.83
PE ⓘ	365.70	37.87

From the Market
52 Week Low / High (₹)	2015.15 / 2875.45
All Time Low / High (₹)	20.34 / 2875.45
Market Cap (₹ Cr.)	1,69,727
Equity (₹ Cr.)	136.1
Face Value (₹)	2
Industry PE ⓘ	109.4

Management X-Ray of Grasim Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Grasim Industries

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Price to Earnings

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Grasim Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	32,838	34,487	36,068	55,932	77,209	75,269	76,404	95,701	1,17,627	1,30,978
Operating Expenses ⓘ	27,694	28,083	28,683	43,610	60,584	58,008	57,769	75,270	96,038	1,03,783
Manufacturing Costs	8,923	8,532	8,477	12,047	16,635	15,353	14,282	20,776	29,422	28,817
Material Costs	8,427	9,002	9,475	12,611	16,688	13,940	12,629	17,372	22,612	25,420
Employee Cost	2,141	2,128	2,266	3,992	5,428	5,760	5,535	6,328	7,194	7,963
Other Costs ⓘ	8,203	8,421	8,465	14,959	21,832	22,955	25,323	30,794	36,810	41,584
Operating Profit ⓘ	5,144	6,404	7,385	12,322	16,625	17,261	18,635	20,431	21,589	27,195
Operating Profit Margin (%)	15.7%	18.6%	20.5%	22.0%	21.5%	22.9%	24.4%	21.3%	18.4%	20.8%
Other Income ⓘ	539	662	948	861	829	969	1,058	821	3,612	1,264
Interest ⓘ	667	718	702	3,663	6,060	6,890	5,736	4,776	6,044	9,277
Depreciation ⓘ	1,563	1,834	1,808	2,724	3,571	4,004	4,033	4,161	4,552	5,001
Exceptional Items ⓘ	-9	-28	0	-433	-2,688	-1,406	-342	-69	-88	-569
Profit Before Tax ⓘ	3,443	4,679	5,952	5,635	5,163	6,492	9,771	12,627	14,727	13,700
Tax ⓘ	1,016	1,225	1,707	1,947	2,419	-84	3,022	1,936	3,649	3,774
Profit After Tax	2,427	3,455	4,246	3,688	2,745	6,576	6,749	10,691	11,078	9,926
PAT Margin (%)	7.4%	10.0%	11.8%	6.6%	3.6%	8.7%	8.8%	11.2%	9.4%	7.6%
Adjusted EPS (₹)	37.8	52.7	67.6	40.6	25.6	66.8	65.2	114.2	103.3	84.7
Dividend Payout Ratio (%)	9%	9%	8%	15%	27%	6%	14%	9%	10%	12%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	23,123	27,386	31,345	57,237	57,792	56,369	65,220	75,396	78,331	88,109
Share Capital ⓘ	151	93	93	131	132	132	132	132	132	133
Reserves ⓘ	22,972	27,293	31,252	57,106	57,660	56,237	65,088	75,265	78,200	87,976
Minority Interest	7682	8729	9702	26337	30503	34305	37068	40476	44171	50286
Debt	9,456	9,023	7,927	61,313	75,065	70,847	63,889	59,628	84,397	1,14,955
Long Term Debt	6,384	5,544	6,769	40,793	56,686	58,738	52,488	46,546	66,712	86,116
Short Term Debt	3,071	3,479	1,158	20,520	18,379	12,109	11,401	13,082	17,685	28,839
Trade Payables	2,352	2,396	3,048	5,030	6,084	6,583	7,917	11,393	13,353	15,357
Others Liabilities ⓘ	11,420	12,043	10,725	57,981	71,685	76,078	93,256	1,02,255	1,16,570	1,43,410
Total Liabilities ⓘ	54,033	59,576	62,747	2,07,899	2,41,127	2,44,181	2,67,349	2,89,149	3,36,823	4,12,117
Fixed Assets
Gross Block	46,105	36,415	38,673	75,780	97,049	1,01,579	1,02,442	1,10,318	1,20,450	1,30,723
Accumulated Depreciation	14,277	2,145	3,886	6,523	9,936	13,858	17,434	21,336	25,568	30,243
Net Fixed Assetsⓘ	31,828	34,271	34,786	69,257	87,113	87,720	85,008	88,981	94,882	1,00,480
CWIP ⓘ	2,755	1,788	1,297	2,159	2,605	3,672	5,336	6,166	7,401	17,307
Investmentsⓘ	7,255	10,601	14,200	41,286	37,581	43,508	60,048	66,606	74,850	93,300
Inventories	4,788	4,149	4,231	5,860	7,059	6,841	6,197	9,536	11,159	13,545
Trade Receivables	2,647	3,002	3,010	5,203	6,690	5,793	4,342	5,429	5,915	6,979
Cash Equivalents	440	2,307	2,307	1,316	1,908	3,804	5,337	3,253	3,713	4,649
Others Assetsⓘ	4,319	3,458	2,916	82,818	98,170	92,843	1,01,082	1,09,177	1,38,902	1,75,856
Total Assets ⓘ	54,033	59,576	62,747	2,07,899	2,41,127	2,44,181	2,67,349	2,89,149	3,36,823	4,12,117

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	4,594	5,868	7,288	-4,140	-1,659	16,803	15,075	7,038	-12,685	-10,719
PBT ⓘ	3,443	4,486	5,823	6,362	5,134	5,929	9,582	12,247	14,518	13,611
Adjustment ⓘ	1,774	2,072	1,611	4,094	9,149	8,694	9,717	9,161	10,647	14,655
Changes in Working Capital ⓘ	-317	484	819	-12897	-14068	3737	-2381	-11405	-35755	-36376
Tax Paid ⓘ	-307	-1,174	-965	-1,700	-1,874	-1,740	-1,844	-2,966	-2,095	-2,609
Cash Flow From Investing Activity ⓘ	-2,370	-4,573	-3,488	510	-2,271	-11,548	-9,229	-3,543	-13,687	-23,113
Capex	-3,279	-2,748	-1,793	-3,046	-4,009	-4,982	-3,550	-8,505	-11,925	-19,322
Net Investments	895	-1,978	-1,922	4,262	1,751	-6,826	-5,668	4,761	-2,261	-4,114
Others ⓘ	14	153	227	-707	-13	261	-11	201	499	323
Cash Flow From Financing Activityⓘ	-2,278	-1,365	-3,799	3,449	4,158	-3,418	-8,003	-6,733	26,469	33,908
Net Proceeds from Shares ⓘ	69	8	9	86	9	9	13	9	17	1,063
Net Proceeds from Borrowing ⓘ	750	-820	-446	13,289	9,798	4,713	-4,843	-5,835	23,406	22,549
Interest Paid ⓘ	-690	-758	-679	-1,350	-1,917	-2,180	-1,831	-1,323	-1,194	-1,858
Dividend Paid ⓘ	-290	-321	-369	-575	-635	-713	-434	-1,066	-1,151	-1,126
Others ⓘ	-2,116	527	-2,314	-8,002	-3,097	-5,247	-908	1,481	5,390	13,280
Net Cash Flow ⓘ	-54	-69	2	-181	228	1,838	-2,158	-3,239	97	76

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.88	13.7	14.46	8.33	4.77	11.52	11.1	15.21	14.41	11.93
ROCE (%)	12.39	14.39	16.53	11.27	8.41	9.48	10.97	11.93	12.63	11.38
Asset Turnover Ratio	0.72	0.68	0.66	0.45	0.36	0.34	0.33	0.37	0.4	0.38
PAT to CFO Conversion(x)	1.89	1.7	1.72	-1.12	-0.6	2.56	2.23	0.66	-1.15	-1.08
Working Capital Days
Receivable Days	26	27	27	25	27	28	22	17	16	17
Inventory Days	45	42	38	30	29	31	29	28	30	32
Payable Days	121	96	105	117	119	156	195	186	181	187

Grasim Industries Ltd Stock News

Grasim Industries Ltd FAQs

What is the share price of Grasim Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Grasim Industries on 20-Dec-2024 16:59 is ₹2,493.9.

What is the market cap of Grasim Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Grasim Industries stood at ₹1,69,726.6.

What is the P/E ratio of Grasim Industries?

The latest P/E ratio of Grasim Industries as of 20-Dec-2024 16:59 is 365.7.

What is the P/B ratio of Grasim Industries?

The latest P/B ratio of Grasim Industries as of 20-Dec-2024 16:59 is 3.09.

What is the 52-week high and low of Grasim Industries?

The 52-week high of Grasim Industries is ₹2,875.5 and the 52-week low is ₹2,015.2.

What is the TTM revenue of Grasim Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Grasim Industries is ₹27,685 ( Cr.) .

About Grasim Industries Ltd

Grasim Industries Ltd., a flagship company of Aditya Birla Group, ranks amongst the top publicly listed companies in India. Incorporated in 1947, it started as a textiles manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose Staple Fibre, the largest Chlor-Alkali, Linen and Insulators player in India. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is also India’s largest cement producer and a leading diversified financial services player.

Business area of the company

Viscose staple fibre - Grasim is India's pioneer in viscose staple fibre (VSF), a man-made, biodegradable fibre with characteristics akin to cotton. An extremely versatile and easily blendable fibre, VSF is widely used in apparels, home textiles, dress material, knitted wear and non-woven applications.
Viscose Filament Yarn - Grasim is one of India’s major Viscose Filament Yarn (VFY) player. Also known as rayon, VFY is a natural fibre which can be made to resemble silk, cotton and wool in its feel and texture. Known for its versatility, VFY has superior drape, fluidity and lustre which makes it a popular choice for manufacturing fabrics such as georgettes, crepes and chiffons.
Chemicals - in 1972, Grasim’s chemicals business was set up to manufacture caustic soda for the company’s VSF unit. Currently, it is one of India’s largest caustic soda producers and is a market leader in the chlor-alkali segment. Over the years, Grasim’s chemicals business has created a strong foothold in the industry and offers a wide range of products from chlorine derivatives to epoxy.
Textiles - Grasim ventured into the textiles industry in 1949 by setting up Jaya Shree Textiles at Rishra, West Bengal. Currently, Jaya Shree Textiles is one of India’s leading linen and wool manufacturers. It has four strategic business units (SBUs) i.e., linen spinning, linen fabric, wool combing and worsted spinning. All four SBUs are driven by the common goal of making the workplace a source of creativity, innovation, and self-fulfilment for all employees.
Fertilisers - Grasim’s fertiliser division, Indo Gulf Fertilisers (IGF) is a leading agri-solutions provider. From sowing to harvesting, it develops solutions and products for each stage of farming. Marketed under the name ‘Birla Shaktiman’, the brand is one of the most popular fertiliser brands in the Indo-Gangetic plain, the core market where it operates.
Insulators - Aditya Birla Insulators is India’s largest manufacturer of electrical insulators and is amongst the top four insulator manufacturers globally. It produces the widest range of insulators in India including insulators for transmission lines & substations up to 1200 kV voltage level, as well as equipment & railways.

Awards

1993

Rajiv Gandhi National Quality award.

1995

Jamnalal Bajaj Uchit Vyavahar Puraskar for fair business practices.

1998

The Ramakrishna Bajaj National Quality award in 1998.

1999

First in India to be certified ISO 9001:2000, by DNV, The Netherlands (2001).
IMC Ramakrishna Bajaj National Quality award (certificates of merit).
Best productivity award by the National Productivity Council.

2000

National energy conservation award by Ministry of Power, Government of India.
IQRS level 6 rating from DNV, The Netherlands.
Best energy efficient unit award by CII.

2001

National award for 'Quality excellence in the Indian Cement Industry' from the National Council for Cement and Building Materials.
TPM Excellence award, first category, by JIPM, Tokyo.

2004

Birla Super Cement received the Environment Excellence Award under the silver category by GreenTech Foundation.
Birla Super Cement certified with the OHSAS 18001:1999 for their occupational health and safety management system by Det Norske Veritas (DNV).
Aditya Limestone Mines wins the following awards at the Mines Safety Week 2004, Udaipur.
Grasim, Nagda received the FICCI Annual Award 2003-2004 in recognition of corporate initiative in rural development.

2005

Environmental and Ecological Gold Award by Greenland Society.
Golden Peacock Eco-Innovation Award by IOD.
Safety awards for longest accident-free period (Membrane Cell) and lowest average frequency rate (CSA plant) by the Government of India.
Social Awareness Award won by Aditya Cement.
TERI CSR Award presented to Aditya Cement.
CII National Energy Management Award for the most energy efficient unit.

2006

Greentech Environmental Excellence Award by Greentech Foundation.
Distinguished Achiever Award to Mr. Ravi Uppal from the Aditya Birla Group.
Young Achiever Award to Mr. Rakesh Jha from the Aditya Birla Group.

2007

IMC Ramakrishna Bajaj National Quality Special Award for performance excellence 2007 in the manufacturing category.

2009

TERI CSR Award presented to Vikram Cement.

2012

The first cement unit in India to be certified ISO 14001 (1997) and OHSA 18001 (certifications from DNV, Rotterdam, The Netherlands, in 2001)

2017

Social Awareness Award won by Vikram Cement.
Best performance in terms of Energy Saving under PAT cycle 1 in Chlor Alkali Sector in December 17 - Bureau of Energy Efficiency, Govt. of India, Ministry of Power.
SA 8000 certification achieved.
FAI Award: Improvement in Overall Performance of company for the year FY2016-17 by Fertilizer Association of India (FAI).

2018

Award for Best Export Performance in the Category of Viscose Staple Fibre (Gold Trophy) 2018 conferred by textile minister Ms. Smriti Irani at SRTEPC.
CSR - ET NOW Award for Community Development (Rishra) in 2018.
Award for Best Export Performance in the Category of Viscose Staple Fibre (Gold Trophy) 2018.

2019

Ranked 2nd for Best Corporate Governance Practices in Asia-Pacific by IR Global Rankings. Also, ranked best company in corporate governance practices in basic materials industry, globally.
Grasim wins ‘Best Manufacturing Company (>Rs 2,500 crore) category’ at Business Today’s Business Leaders of Madhya Pradesh Awards 2019.
Grasim has bagged the Dun & Bradstreet Corporate Award 2019 as the Top Company for its stellar performance in the Indian Textiles sector.

2020

Grasim Industries ranked 9th among the top 10 Indian corporates for its Sustainability and CSR practices by the ET and Futurescape 7th Responsible Business Rankings 2020.
Grasim Industries, Grasilene Division, Harihar, has been bestowed with the CII-ITC Sustainability Award 2019 for Excellence in Environment Management.
Grasim Industries Limited (Staple Fibre Division- Nagda) wins the prestigious Golden Peacock Award for CSR in the Textile and Apparel sector for the year 2019.

Milestones:

1950 - Production of fabrics at Gwalior with imported man-made rayon.
1954 - VSF production commences at Nagda (Madhya Pradesh).
1962 - Inception of Engineering Division for plant and machinery for VSF.
1963 - Composite textile mill at Bhiwani (Haryana).
1968 - Rayon production commences at Mavoor, Kerala.
1972 - VSF and Pulp plant at Harihar (Karnataka) based on in-house engineering and know-how. Nagda commences production of rayon grade caustic soda - for VSF production.
1977 - Grasim's third rayon plant - at Harihar, Karnataka - goes into production.
1985 - Vikram Cement - Grasim's first cement plant goes on stream at Jawad (Madhya Pradesh).
1987 - Vikram Cement's second production line is commissioned.
1991 - A third production line is added at Vikram Cement.
1992 - Grasim sets up Birla International Marketing Corporation (BIMC), a merchant exporter.
1993 - Vikram Ispat, India's third largest gas-based sponge iron plant is commissioned. Birla Consultancy & Software Services is set up, to provide IT consulting services and for software development.
1995 - Grasim commissions two Greenfield cement plants - Grasim Cement at Rawan (Chattisgarh) and Aditya Cement at Shambhupura (Rajasthan). Vikram Woollens, spinning unit at Malanpur (Madhya Pradesh) set up.
1996 - The first phase of Grasim's fourth VSF plant is commissioned at Kharach (Gujarat).
1999 - Grasim's viscose staple fibre (VSF) and rayon grade pulp units at Mavoor are closed down owing to lack of raw material.
2000 - The Lawson Competency Centre is set up as a division of Birla Consultancy & Software Services, the software arm of Grasim, following a tie up with Lawson Software (USA), among Fortune's top five private software companies.
2001 - Four Ready-Mix Concrete plants commissioned with an aggregate capacity of one million cubic meters.
2002 - VSF Research & Application Centre set up at Kharach in Gujarat.
2007 - Eighteen ready-mix concrete plants commissioned.
2009 - Grasim hives off its sponge iron business by way of slump sale. Grasim commissions a greenfield cement plant at Kotputli (Rajasthan).Vikram Cement and Aditya Cement win the Federation of Indian Mineral and Industries' 'Social Awareness Award for the year 2008-09'.
2010 - Consolidation of the cement business under UltraTech Cement Limited.
2011 - Acquired Domsjo Fabriker AB (Domsjo), Sweden, in a joint venture with Group Companies.
2012 - Acquired assets of Terrace Bay, a paper grade mill, in a JV with Group company Thai Rayon, in July 2012.
2013 - Caustic soda and Epoxy plant commissioned at Vilayat.
2014 - Grasim’s state-of-the-art Viscose Staple Fibre plant is commissioned at Vilayat, Gujarat.
2015 - Grasim Industries has submitted a copy of the Presentation on Aditya Birla Chemicals (India) Limited to Merge with Grasim. Grasim Industries has completed the last phase of its Greenfield Viscose Staple Fibre (VSF) Plant at Vilayat (Gujarat) for production of Specialty Fibre, by commissioning the 4th line. Grasim Industries has received Competition Commission of India (CCI) approval on marger of Aditya Birla Chemicals (India) with Grasim Industries. The Scheme of Amalgamation of Aditya Birla Chemicals (India) with Grasim Industries has sanctioned by the Hon'ble High Court of Madhya Pradesh.
2016 - Aditya Birla Chemicals (India) merged with Grasim Industries.
2017 - Grasim Industries Limited - Vilayat Unit wins 4th CSR Impact Award as ‘Company with the Best CSR Impacts 2016-17’ for the projects Aajeevika project, BalSanskar project and ‘Tandrusti Aapna Hath Ma’ at India CSR Summit - Gurugram (NCR). Merger of Aditya Birla Nuvo with Grasim.
2018 - Grasim Industry has been ranked 205 in the list of ‘Global 2000 - Growth Champions 2018’ by Forbes Magazine USA.
2019 - Grasim Industry signed a definitive agreement to acquire 100% equity shareholding of soktas India Private Limited from Its current Promoters, for an enterprise value of Rs 165 crore.
2020 - Grasim commissioned the third generation 16 KTPA specially fibre plant using in-house green technology at Kharach, Gujarat.