In Thursday’s trading session, the shares of one of the leading Aditya Birla group stock operating across diverse sectors, including cement, textiles, chemicals, and financial service are in focus after the company plans to raise upto Rs 2000 crores
Price action
With a market capitalization of 1,79,673 Crores on Thursday, the shares of Grasim Industries Ltd in focus after making a high of Rs 2,683 compared to its previous closing price of Rs 2,670.75.
What happened
Grasim Industries Ltd a flagship company of the Aditya Birla Group with businesses comprising cement, chemicals and many more in focus after the company approved to raise funds to the extent of Rs 2,000 crores through the issuance of Non convertible Debentures on private placement basis in one or more tranches.
About the company
Grasim Industries Ltd, a flagship of the Aditya Birla Group, is a diversified conglomerate and a leader in the cement sector through its subsidiary UltraTech Cement which is the largest producer of grey cement in India.
The company also involves in manufacturing of Viscose Staple Fiber (VSF) under its Birla Cellulose brand and has a strong presence in the chemicals industry, producing essential products like caustic soda and soda ash for various industrial applications
Grasim Industries, through its financial services arm Aditya Birla Capital, offers a wide range of services including insurance, asset management and mutual funds, It remains a key player in India’s industrial landscape.
Financials
The company’s revenue rose by 11.3 percent from Rs 30,505 crore to Rs 33,958 crore in Q2FY24-25. Meanwhile, Net profit fell by 66 percent from Rs 1,163.75 crores to Rs 389.9 crore during the same period.
Key Financial ratios
Adani Green Energy Limited has an Return on Equity (RoE) of 5 percent and a Return on Capital Employed (RoCE) of 8 percent. Furthermore, the company’s debt-to-equity ratio is 1.7.
Written by Sridhar
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