grasim industries ltd
(GRASIM:Natl India)
grasim industries ltd (GRASIM) Snapshot
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Open
2,941
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Previous Close
2,931
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Day High
2,990
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Day Low
2,902
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52 Week High
10/17/12 - 3,511
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52 Week Low
06/4/12 - 2,210
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Market Cap
271.6B
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Average Volume 10 Days
54.8K
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EPS TTM
294.75
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Shares Outstanding
91.8M
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EX-Date
--
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P/E TM
10.0x
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Dividend
22.50
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Dividend Yield
0.76%
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Grasim Industries Limited, together with its subsidiaries, engages in the manufacture and sale of viscose staple fiber, chemicals, cement, and textiles in India and internationally. The company offers viscose staple fiber, a biodegradable fiber for use in apparels, home textiles, dress material, knitted wear, and non-woven applications; and cement products comprising grey and white cement, ready mix concrete, and putty. Its chemical products consist of rayon grade caustic soda; stable bleaching powder used in water purification, sanitation, and as a bleaching agent; poly aluminum chloride used in water treatment, paper sizing, and effluent treatment; and chloro sulphonic acid used in vinyl sulphate, the raw material for dyes and intermediates, saccharin, drugs, and pharmaceuticals. The company also textile products, including fabrics, synthetic yarns, and worsted dyed yarn spun, as well as branded suiting under Grasim and Graviera brands. Grasim Industries Limited sells its textile products through a network of exclusive showrooms, as well as through wholesalers and multi-brand outlets. The company was incorporated in 1947 and is based in Nagda, India.
grasim industries ltd (GRASIM) Top Compensated Officers
grasim industries ltd (GRASIM) Key Developments
Grasim Industries Limited reported consolidated and parent earnings results and production results for the fourth quarter and full year ended march 2013. For the quarter, the group reported net sales and operating income of INR 76,724 million compared to INR 72,833 million reported in the same period last year. PBIDT was INR 17,859 million against INR 18,833 million reported last year. Profit before tax was INR 13,762 million against INR 15,025 million reported last year. Profit before tax (After exceptional item) was INR 15,806 million against INR 15,025 million reported last year. Profit after tax (after minority share) was INR 8,176 million or INR 89.0 per share against INR 8,088 million or INR 88.1 per share reported last year. For the year, the group reported net sales and operating income of INR 279.043 million compared to INR 252.449 million reported in the same period last year. PBIDT was INR 65,431 million against INR 63,206 million reported last year. Profit before tax was INR 49,669 million against INR 48,522 million reported last year. Profit before tax (After exceptional item) was INR 51,714 million against INR 48,522 million reported last year. Profit after tax (after minority share) was INR 27,044 million or INR 294.5 per share against INR 16,475 million or INR 288.4 per share reported last year. Net debt (net of liquidity) was INR 28,260 million against INR 6,760 million reported last year. For the quarter, the parent company reported net sales and operating income of INR 13,962 million compared to INR 14,161 million reported in the same period last year. PBIDT was INR 3,322 million against INR 3,671 million reported last year. Profit before tax was INR 2,726 million against INR 3,228 million reported last year. Profit before tax (after exceptional item) was INR 4,770 million against INR 3,228 million reported last year. Profit after tax was INR 3,724 million or INR 40.5 per share against INR 2,436 million or INR 26.5 per share reported last year. For the year, the parent company reported net sales and operating income of INR 52,550 million compared to INR 49,736 million reported in the same period last year. PBIDT was INR 15,227 million against INR 17,218 million reported last year. Profit before tax was INR 13,244 million against INR 15,418 million reported last year. Profit before tax (after exceptional item) was INR 15,289 million against INR 15,418 million reported last year. Profit after tax was INR 12,260 million or INR 133.5 per share against INR 11,770 million or INR 128.2 per share reported last year. Net debt (net of liquidity) was INR 7,380 million against INR 20,890 million reported last year. For the quarter, the company reported chemical production of 68,189 MT compared to 68,298 MT reported in the same period last year. Production of grey cement was 11.79 million MT against 11.84 million MT reported last year. Production of white cement was 0.157 million MT against 0.154 million MT reported last year. For the year, the company reported chemical production of 270,191 MT compared to 260,326 MT reported in the same period last year. Production of grey cement was 42.59 million MT against 42.11 million MT reported last year. Production of white cement was 0.573 million MT against 0.553 million MT reported last year.
Grasim Industries Limited announced that the Board of Directors of the company at its meeting held on May 4, 2013 has recommended a dividend at the rate of INR 22.50 per equity share for the year ended March 31, 2013.
Grasim Industries Limited announced that with the commissioning of 20 MW Power Plant at company's Viscose Staple Fibre (VSF) Plant at Harihar (Karnataka), the Brownfield Expansion of 36,500 TPA of VSF capacity at Harihar (Karnataka) has since been completed by the company. The Phase I of 18,250 TPA capacity of VSF had become operational in September, 2012.
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Industry Analysis
GRASIM
Industry Average
| Valuation | GRASIM | Industry Range |
| Price/Earnings | 10.1x |
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| Price/Sales | 1.0x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 6.9x |
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| TEV/Sales | 0.2x |
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