Grasim Industries (OTCMKTS:GRSXY) Releases Earnings Results

Grasim Industries (OTCMKTS:GRSXY) released its earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Grasim Industries had a return on equity of 6.56% and a net margin of 3.04%.

Grasim Industries Price Performance

GRSXY stock remained flat at $31.00 during midday trading on Friday. The stock has a market capitalization of $21.10 billion, a price-to-earnings ratio of 34.07 and a beta of -0.22. The business has a 50 day simple moving average of $26.56 and a 200 day simple moving average of $21.32. Grasim Industries has a 52-week low of $19.61 and a 52-week high of $31.00. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.92.

Grasim Industries Company Profile

Grasim Industries is an India-based diversified company and a flagship business of the Aditya Birla Group. Founded in 1947 as a textile manufacturer, it has expanded into several industrial and consumer-facing businesses. The company is a major producer of cellulosic fibers, including viscose staple fiber, and manufactures chemicals such as caustic soda and chlorine. Its broader portfolio includes building materials through its association with UltraTech Cement, paints under the Birla Opus brand, and financial services through Aditya Birla Capital.