Grasim Industries (OTCMKTS:GRSXY – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.04) 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
OTCMKTS:GRSXY remained flat at $31.00 during trading hours on Friday. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.92. The company has a fifty day moving average of $26.56 and a 200-day moving average of $21.32. Grasim Industries has a 12 month low of $19.61 and a 12 month high of $31.00. The stock has a market capitalization of $21.10 billion, a P/E ratio of 34.07 and a beta of -0.22.
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.
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