Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India. It is a Large Cap company with a market capital of Rs 38277.32 Croreoperating in Diversified sector.
Incorporated in 1947, it started as a textile’s manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence across many sectors includingViscose Staple Fibre, Viscose Filament Yarn, Chemicals, Textiles, Fertilisers, Insulatorsand Cement&Diversified Financial Services through their subsidiaries.The company has 21 plants across India.
Grasim is the world’s largest producer of viscose rayon fibre with about 24% market share. Textile and related products contribute to 15% of the group turnover.
Grasim is the holding company for two large listed investments of the Aditya Birla group’s UltraTech and ABCL.
UltraTech, Grasim’s 57% subsidiary, is the largest cement producer in India and Grasim’s stake in UltraTech is valued at Rs 60,165 crore as on May 22, 2020.
Grasim holds 54.24% of equity in Aditya Birla Capital Limited. ABCL houses financial services businesses.
Grasim’s other shareholdings in listed entities of the group are Hindalco Industries Limited, Aditya Birla Fashion and Retail Limitedand Vodafone Idea are together valued at around Rs 69,559 crore as on May, 2020.
During FY2020, the Grasim made fresh investments of Rs. 2,886 crores in Vodafone Idea Limited (11.55% held by Grasim) and Rs 770 crore in Aditya Birla Capital Ltd (ABCL).
For the quarter ended on 31-03-2020, Grasim Industries Limitedhas reported a consolidated sale of Rs 19901.54 Crore (which is up 3.63 % from last quarter Sales of Rs 19205.05 Crore and down -5.07 % from last year same quarter Sales of Rs 20965.25 Crore).
Mr. Dilip Gaur is Managing Director of Grasim Industries Limited
Grasim has reported net profit after tax of Rs 2278.13 Crore in latest quarter.As on 31-03-2020, the Grasim has 657,798,938 shares outstanding.
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