Grasim Industries Financial Statements

Grasim Industries Balance Sheet

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 38.10 55.80 4.58 5.02
Op profit growth 43.30 65.10 15.30 24.50
EBIT growth 47.90 46.20 22.70 31.70
Net profit growth 65.20 (15) 28.30 41.50
Profitability ratios (%)        
OPM 22.50 21.70 20.50 18.60
EBIT margin 18.50 17.30 18.50 15.70
Net profit margin 5.70 4.77 8.78 7.16
RoCE 8.39 9.10 12.20 10.80
RoNW 1.94 1.51 2.69 2.44
RoA 0.64 0.63 1.45 1.23
Per share ratios ()        
EPS 102 56.10 90.90 370
Dividend per share 4 6.20 5.50 22.50
Cash EPS 5.84 (0.70) 29.10 68
Book value per share 861 873 672 2,938
Valuation ratios        
P/E 4.68 18.80 9.44 1.70
P/CEPS 81.40 (1,514) 29.50 9.25
P/B 0.55 1.21 1.28 0.21
EV/EBIDTA 6.08 10.80 6.61 6.34
Payout (%)        
Dividend payout -- 15.20 -- 8.51
Tax payout 0.41 (32) (29) (26)
Liquidity ratios        
Debtor days 25.50 26.70 30.40 29.90
Inventory days 29.80 32.80 42.40 47.30
Creditor days (36) (35) (37) (34)
Leverage ratios        
Interest coverage (2.10) (2.70) (9.50) (7.60)
Net debt / equity 1.43 1.14 0.22 0.37
Net debt / op. profit 4.63 5.39 0.94 1.59
Cost breakup ()        
Material costs (20) (22) (26) (26)
Employee costs (7.60) (7.10) (6.30) (6.20)
Other costs (50) (49) (47) (49)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 77,625 56,198 36,068 34,487
yoy growth (%) 38.10 55.80 4.58 5.02
Raw materials (15,562) (12,611) (9,475) (9,002)
As % of sales 20 22.40 26.30 26.10
Employee costs (5,865) (3,992) (2,266) (2,128)
As % of sales 7.55 7.10 6.28 6.17
Other costs (38,731) (27,405) (16,943) (16,953)
As % of sales 49.90 48.80 47 49.20
Operating profit 17,467 12,190 7,385 6,404
OPM 22.50 21.70 20.50 18.60
Depreciation (4,041) (2,724) (1,808) (1,834)
Interest expense (6,926) (3,659) (702) (718)
Other income 967 263 1,077 855
Profit before tax 7,467 6,070 5,952 4,707
Taxes 30.70 (1,950) (1,707) (1,225)
Tax rate 0.41 (32) (29) (26)
Minorities and other (2,252) (1,009) (1,078) (987)
Adj. profit 5,245 3,111 3,167 2,496
Exceptional items (1,382) (433) -- (28)
Net profit 4,425 2,679 3,167 2,468
yoy growth (%) 65.20 (15) 28.30 41.50
NPM 5.70 4.77 8.78 7.16
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 7,467 6,070 5,952 4,707
Depreciation (4,041) (2,724) (1,808) (1,834)
Tax paid 30.70 (1,950) (1,707) (1,225)
Working capital 12,094 11,303 1,225 1,440
Other operating items -- -- -- --
Operating cashflow 15,550 12,699 3,663 3,089
Capital expenditure 76,132 48,738 7,331 (973)
Free cash flow 91,682 61,437 10,993 2,116
Equity raised 66,553 71,948 47,693 46,602
Investments 58,404 58,119 6,190 2,990
Debt financing/disposal 86,661 68,132 10,701 13,200
Dividends paid -- 408 -- 210
Other items -- -- -- --
Net in cash 303,300 260,045 75,576 65,118
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 135 135 134 96.40
Preference capital 11.20 69.20 56.20 --
Reserves 56,518 57,885 57,227 31,291
Net worth 56,664 58,089 57,418 31,387
Minority interest
Debt 84,651 84,418 67,014 9,213
Deferred tax liabilities (net) 8,992 11,362 7,756 5,100
Total liabilities 184,642 184,372 158,524 55,402
Fixed assets 91,472 89,895 71,547 36,083
Intangible assets
Investments 66,337 62,747 65,995 14,200
Deferred tax asset (net) 2,133 2,567 2,160 1,581
Net working capital 20,887 27,255 17,507 1,230
Inventories 6,806 7,059 5,860 4,231
Inventory Days 32 -- 38.10 42.80
Sundry debtors 5,652 6,690 5,203 3,010
Debtor days 26.60 -- 33.80 30.50
Other current assets 70,199 72,827 57,977 2,916
Sundry creditors (6,641) (6,247) (5,352) (3,198)
Creditor days 31.20 -- 34.80 32.40
Other current liabilities (55,128) (53,075) (46,182) (5,729)
Cash 3,813 1,908 1,316 2,307
Total assets 184,642 184,372 158,524 55,402
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Particulars ( Rupees In Crores.) Mar-2021 Dec-2020 Sep-2020 Jun-2020 Mar-2020
Gross Sales 24,399 21,000 17,944 13,611 19,350
Excise Duty -- -- -- -- --
Net Sales 24,399 21,000 17,944 13,611 19,350
Other Operating Income -- -- -- -- --
Other Income 231 433 654 400 344
Total Income 24,630 21,433 18,598 14,012 19,694
Total Expenditure ** 18,563 15,925 13,864 10,526 16,602
PBIDT 6,067 5,508 4,734 3,485 3,092
Interest 1,343 1,371 1,455 1,555 1,711
PBDT 4,724 4,137 3,279 1,930 1,381
Depreciation 1,043 1,007 1,007 986 1,027
Minority Interest Before NP -- -- -- -- --
Tax 671 533 431 340 320
Deferred Tax 393 440 245 (16) (2,275)
Reported Profit After Tax 2,617 2,157 1,596 621 2,309
Minority Interest After NP 901 768 630 384 798
Net Profit after Minority Interest 1,715 1,389 967 237 1,511
Extra-ordinary Items (44) -- (212) (138) 42.70
Adjusted Profit After Extra-ordinary item 1,760 1,389 1,179 374 1,468
EPS (Unit Curr.) 26.10 21.20 14.70 3.60 23
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 132 132 132 132 132
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 24.90 26.20 26.40 25.60 16
PBDTM(%) 19.40 19.70 18.30 14.20 7.14
PATM(%) 10.70 10.30 8.90 4.56 11.90
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