Company Valuation: Grasim Industries Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 952,558 1,093,210 1,072,518 1,552,059 1,771,560 2,100,249 - -
Change - 14.77% -1.89% 44.71% 14.14% 18.55% - -
Enterprise Value (EV) 1 961,222 1,084,674 1,090,318 1,614,288 1,843,370 1,808,628 2,173,034 2,162,427
Change - 12.84% 0.52% 48.06% 14.19% -1.88% -0.08% -0.49%
P/E ratio 105x 35.9x 50.5x 160x 821x 499x 80.5x 122x
PBR 2.22x 2.25x 2.29x 2.91x 3.27x 3.15x 3.64x 3.61x
PEG - 0x -1.7x -2.9x -10.6x 8.1x 0x -3.6x
Capitalization / Revenue 7.69x 5.24x 4x 6x 5.61x 4.23x 4.35x 3.87x
EV / Revenue 7.76x 5.2x 4.06x 6.25x 5.84x 4.41x 4.5x 3.98x
EV / EBITDA 61.4x 33.7x 34.3x 69.7x 161x 102x 84.8x 65.9x
EV / EBIT 131x 47.1x 52.4x 147x -345x -567x 733x 250x
EV / FCF 79.8x 919x -64x -43.1x -47.8x 305x 118x 139x
FCF Yield 1.25% 0.11% -1.56% -2.32% -2.09% 0.33% 0.85% 0.72%
Dividend per Share 2 9 5 10 10 10 10 10 10
Rate of return 0.62% 0.3% 0.61% 0.44% 0.38% 0.39% 0.32% 0.32%
EPS 2 13.77 46.4 32.31 14.31 3.18 5.13 38.47 25.44
Distribution rate 65.4% 10.8% 31% 69.9% 314% 195% 26% 39.3%
Net sales 1 123,864 208,568 268,397 258,473 315,632 410,395 483,266 542,746
EBITDA 1 15,643 32,162 31,799 23,160 11,415 17,705 25,638 32,820
EBIT 1 7,362 23,022 20,826 11,010 -5,347 -3,192 2,966 8,659
Net income 1 9,050 30,513 21,237 9,454 2,121 3,484 26,290 18,957
Net Debt 1 8,664 -8,535 17,800 62,229 71,811 73,268 72,784 62,178
Reference price 2 1,450.55 1,664.00 1,632.70 2,287.30 2,611.15 3,095.50 3,095.50 3,095.50
Nbr of stocks (in thousands) 656,687 656,977 656,898 678,555 678,460 678,485 - -
Announcement Date 24/05/21 24/05/22 26/05/23 22/05/24 22/05/25 20/05/26 - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
490.24x5.36x126.32x0.33% 21.72B
17.06x2.03x9.74x1.54% 67.84B
13.44x1.6x7.3x2.26% 35.18B
29.23x4.73x15.51x0.77% 35.03B
38.72x3.81x20.18x0.74% 33.32B
29.54x5.28x15.47x0.61% 33.26B
19.72x2.57x9.77x1.3% 28.5B
21.79x6.15x13.88x1.96% 20.83B
11.72x1.3x6.53x0.83% 17.54B
34.26x2.25x13.84x0.5% 10.78B
Average 70.57x 3.51x 23.85x 1.08% 30.4B
Weighted average by Cap. 56.46x 3.38x 20.47x 1.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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