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Diversified · NSE: GRASIM

Grasim Industries Limited - Fair Value & Intrinsic Value Estimate

Intrynsic's multi-model valuation estimates Grasim Industries Limited's fair value at ₹11,409 per share (range ₹1,770–₹11,409) against a market price of ₹3,100 - a gap of +268.0% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.

Low ₹1,770Below fair-value est.High ₹11,409

Market price

₹3,100

close of 29 Sept 2026

Est. fair value

₹11,409

₹1,770–₹11,409

Gap

+268.0%

price vs estimate

Trading ~268% below our estimated fair-value range. Assumptions and per-model workings are below.

What Grasim Industries Limited does

Grasim Industries is the Aditya Birla group's flagship holding company, owning UltraTech Cement and Aditya Birla Capital while running its own viscose, chemicals and new paints businesses. Its value largely reflects those listed stakes.

Diversified · Diversified

Health signals

GrowthRevenue +14.3%/yr (3y)Okay

Over the last 3 years, revenue grew 14.3%/yr and profit grew -2.4%/yr.

ProfitabilityROE 10.0%Okay

Every ₹100 of shareholder money earned ₹10.0 in profit last year, vs a sector median of 4.9%.

DebtD/E 2.20Weak

Debt is 2.20x shareholder equity and 5.1x yearly operating earnings — a heavy load.

Valuation+268% vs estimateGood

The market price is below our estimated fair-value range (based on stated assumptions).

Quality₹0 cash per ₹100 profitWeak

About ₹0 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 1 of 5 years.

The valuation, explained- models, weights & assumptions ▾

Intrynsic values Grasim Industries Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.

ModelEstimated valuevs priceWeight
EV/EBITDAIndustry Comparison Method₹3,072-1%-
P/E MultipleEarnings Multiple Method₹1,770-43%-
SOTPSum of Parts Method₹11,409+268%-

Key assumptions

Risk-free rate
7.0%
Equity risk premium
6.5%
Beta
1.04
Cost of equity
13.8%
Terminal growth
5.0%
Tax rate
25%

Key financialsFY17–FY26

Full statements & analysis →
Revenue₹1,75,431 Cr
Net profit₹10,300 Cr
EPS₹72.98
Free cash flow₹-33,436 Cr
ROE (latest)10.0%
Revenue growth (CAGR)19.2%
Profit growth (CAGR)10.3%

Peers

Star Cement Limited₹7,199 CrP/E 18.3ROE 12.2%
Ambuja Cements Limited₹90,094 CrP/E 18.9ROE 9.5%
UltraTech Cement Limited₹3,15,601 CrP/E 38.7ROE 10.7%Fair-value estimate →
KCP Limited₹1,987 CrP/E 10.1ROE 15.5%
Orient Cement Limited₹2,386 CrP/E 7.1ROE 15.8%
SHREE CEMENT LIMITED₹79,017 CrP/E 45.3ROE 7.5%
Ask AI about Grasim Industries LimitedChat with Intrynsic's research agent about results, risks and filings.Sign up free →Track it in your watchlistFair-value alerts, result-day briefs and portfolio analytics.Sign up free →See the full model workingsEvery assumption, per-model trace, reverse DCF and peer lens.Sign up free →

Frequently asked questions

What is Grasim Industries Limited's intrinsic value?

Intrynsic's multi-model valuation estimates Grasim Industries Limited's fair value at ₹11,409 per share (range ₹1,770–₹11,409), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.

Is Grasim Industries Limited overvalued or undervalued?

Grasim Industries Limited trades at ₹3,100 against Intrynsic's estimated fair value of ₹11,409 - the market price is 268% below the estimate, i.e. below our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.

What is Grasim Industries Limited's P/E ratio?

Grasim Industries Limited trades at about 42.5 times its latest annual earnings per share.

What does Grasim Industries Limited do?

Grasim Industries is the Aditya Birla group's flagship holding company, owning UltraTech Cement and Aditya Birla Capital while running its own viscose, chemicals and new paints businesses. Its value largely reflects those listed stakes.

How is Grasim Industries Limited's fair value calculated?

Intrynsic runs 3 valuation models for Grasim Industries Limited (EV/EBITDA, P/E Multiple, SOTP) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.

Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy

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