Gracing Investors With Profits: How Grasim Industries Yielded 8642% Returns
If you had ₹1 lakh invested in Grasim Industries in November 1997, you could have had ₹87.42 lakhs today! This multibagger has given its investors returns of ₹86,42,000 and dividends of ₹25,62,500 in 25 years. Here’s a quick peek at the company.
🤵🏼 Stock Name: Grasim Industries Ltd.
🤵🏼 NSE: $GRASIM
⭐ About The Company
Founded in 1947 and headquartered in Mumbai, Grasim Industries is a flagship company of the Aditya Birla Group. The company is a manufacturing company that deals with textiles, chemicals and insulators.
Its subsidiaries are:
💫 UltraTech Cement: Deals with the manufacturing of cement and is the largest in India
💫 Aditya Birla Capital: The financial arm of the company
The company started off as a textile manufacturing company and diversified into other sectors after 1980. Led by CEO Jayant V. Dhobley, the company now has a workforce of more than 24,000 employees. Currently, it is a $10 billion conglomerate.
🌍 Revenue Giant
Grasim Industries has a strong national presence with 20 manufacturing plants, 7 registered offices and 4 research centres. The company earned ₹96,522 crores in revenue. Its first international venture was in Thailand, where it established the Indo-Thai Synthetics Company in 1970. In 1973, Grasim Industries entered the Indonesian market with the incorporation of Indo-Bharat Rayon. At present, the company is the leading exporter of viscose rayon fibre and has a 24% market share, exporting it to over 50 countries.
🌱 Growth Plans
A ₹6000 crore capital expenditure plan (CAPEX) is underway for the leading integrated manufacturing chain. The plan allocates ₹3,542 crores for the expansion of the company’s paint business. The company has reportedly discussed an e-commerce B2B platform for its building materials and cement manufacturing units. The platform’s main objective is to help MSMEs with an extensive product range, timely delivery and reasonable pricing.
💰 Stock Value
💵 On November 15, 1997, the company’s shares were trading at ₹20, while they were priced at ₹1748.5 as of November 14, 2022.