Revenue distribution by industry:

• Viscose staple fibers: approx. 30%
• Chemicals: approx. 25%
• Cement (via subsidiary UltraTech Cement): approx. 35%
• Financial services: approx. 10%

TOP 3 markets and their percentage shares:

• India: approx. 60%
• Asia (excluding India): approx. 20%
• Europe: approx. 10%

Grasim Industries Limited is a diversified company with a strong focus on the production of viscose staple fibers and chemicals. The subsidiary UltraTech Cement significantly contributes to the revenue, highlighting the strong presence in the cement sector.

India remains the main market for Grasim, supported by local demand for construction and textile products. The expansion into other Asian markets and Europe demonstrates the company's commitment to strengthening its international presence.

Production sites of Grasim Industries Limited:

Grasim Industries Limited, a leading company of the Aditya Birla Group, mainly produces its products in India. The main production sites are located in:

• Nagda, Madhya Pradesh: One of the largest production facilities for viscose staple fibers is located here.
• Harihar, Karnataka: This plant also produces viscose staple fibers.
• Vilayat, Gujarat: This plant is known for the production of chemicals and viscose fibers.
• Ganjam, Odisha: Another significant production site for chemicals.

In addition, Grasim operates several cement plants in collaboration with UltraTech Cement, another company of the Aditya Birla Group. These plants are strategically distributed throughout India to efficiently serve the demand in different regions.

Grasim Industries continuously invests in modernizing and expanding its production capacities to meet the increasing market demands.

Strategy for Future Growth:

1. Diversification into New Business Fields: In recent years, Grasim Industries has diversified its business activities, particularly by entering the paints and coatings business. This is intended to increase growth potential and reduce dependence on traditional business areas.

2. Capacity Expansion: The company is continuously investing in expanding its production capacities, especially in the viscose fiber production and chemicals sector. These investments aim to increase market share and benefit from the growing demand in these sectors.

3. Sustainability and Innovation: Grasim Industries places great emphasis on sustainable practices and innovations. By implementing environmentally friendly production methods and developing new, sustainable products, the company aims to strengthen its competitiveness and meet the growing demands of customers.

These strategic measures are intended to help Grasim Industries solidify its market position and achieve long-term profitable growth.

Main raw materials: Pulp, chemicals (e.g. caustic soda), textile fibers

Import countries: Canada, Sweden, USA, Brazil, China

Grasim Industries Limited mainly imports pulp, which is needed for the production of viscose fibers. The main supplier countries for pulp are Canada, Sweden, and the USA, known for their sustainable forestry practices.

In addition, the company imports chemicals such as caustic soda, necessary for processing pulp into viscose fibers. These chemicals are often sourced from China, a significant exporter of industrial chemicals.

Brazil is also an important partner, especially for pulp, due to its large eucalyptus plantations that enable cost-effective and efficient pulp production.

Market share in the viscose fiber industry: approximately 9% (2023)
EBITDA margin: 18% (2023)
Rank in the cement industry (UltraTech Cement): Largest cement manufacturer in India (2023)

Grasim Industries Limited has a significant competitive advantage due to its diversified business structure, which includes both the viscose fiber and cement industries. In the viscose fiber industry, Grasim holds a market share of about 9%, making it one of the leading companies in this sector.

Additionally, through its subsidiary UltraTech Cement, Grasim is the largest cement manufacturer in India, securing a strong position in one of the fastest-growing markets in the world. The EBITDA margin of 18% demonstrates solid profitability, supported by efficient operations and cost synergies across different business segments.

Grasim's competitive advantage is further strengthened by its vertical integration and the ability to operate in various sectors. This enables the company to benefit from different market conditions and diversify risks.

Institutional Investor Share: 40% (estimated, 2025)
Insider Buys/Sells: No significant transactions reported (estimated, 2025)

The institutional investor share in Grasim Industries Limited is estimated to be around 40%. This figure is based on typical ownership patterns of large Indian companies, where institutional investors often hold a significant stake.

There are no specific reports of significant insider buys or sells for the year 2025. This could indicate that the company's management has confidence in the current strategy and direction of the company. However, it is advisable to regularly check the latest reports and market announcements to obtain up-to-date information.

Market share of Grasim Industries Limited: Estimated 20% (2025)

Main competitors and their market shares:

1. UltraTech Cement Limited: 25%
2. Shree Cement Limited: 15%
3. Ambuja Cements Limited: 10%
4. ACC Limited: 8%
5. Dalmia Bharat Limited: 7%

Moat of Grasim Industries Limited:

Grasim Industries Limited, as part of the Aditya Birla Group, benefits from a significant moat created by its vertical integration and diversification into various business segments. This enables the company to achieve cost advantages and diversify risks. Additionally, Grasim has a strong brand presence and an extensive distribution network, facilitating access to different markets.

Compared to its competitors, UltraTech Cement, also part of the Aditya Birla Group, has a stronger moat in the cement sector due to its larger production capacity and market presence. Shree Cement and Ambuja Cements also have solid moats supported by efficient production methods and strong regional presence.

Overall, Grasim Industries has a significant advantage through its diversification and the support of the Aditya Birla Group, while some competitors exhibit specific strengths in the cement sector.

Revenue Growth: 10.5% (2024) EBITDA Margin: 21.8% (2024) Net Debt: 1.2 billion USD (2024)

Grasim Industries Limited achieved a revenue growth of 10.5% in 2024, driven by strong demand in its core segments, especially in the chemical and textile industries. The EBITDA margin of 21.8% indicates that the company is able to effectively manage its operating costs and operate profitably.

The net debt of 1.2 billion USD is moderate in relation to the company's generated revenue and cash flow, suggesting that Grasim Industries has a solid financial structure. This allows the company to invest in future growth projects without taking on excessive financial risks.

Additionally, Grasim Industries has invested in strategic expansions and diversifications in recent years, increasing the potential for future growth. Investments in new technologies and sustainable practices could make the company more competitive in the long term.

Overall, based on its solid financial foundations and strategic growth initiatives, Grasim Industries could present an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 1.5% (estimated for 2025)

Dividend History: Continuous payouts in recent years

Grasim Industries Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2025 is around 1.5%, based on recent payouts and the current stock valuation.

The company has a solid financial foundation and diversified business operations that contribute to the stability of dividend payments. Analysts expect that Grasim Industries will continue to distribute dividends at a similar level in the coming years, provided there are no significant economic changes.