Grasim Industries (OTCMKTS:GRSXY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, Zacks reports. Grasim Industries had a net margin of 2.66% and a return on equity of 5.56%.
Grasim Industries Price Performance
Grasim Industries stock opened at $19.61 on Wednesday. The company’s fifty day moving average price is $19.61 and its 200 day moving average price is $19.55. Grasim Industries has a 1 year low of $19.61 and a 1 year high of $19.61. The stock has a market capitalization of $13.35 billion, a P/E ratio of 25.80 and a beta of -0.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.77 and a current ratio of 0.91.
About Grasim Industries
Grasim Industries (OTCMKTS:GRSXY) is a diversified Indian conglomerate and a flagship company of the Aditya Birla Group, with operations spanning textiles, specialty fibres, chemicals and financial services. Founded in 1947 and headquartered in Mumbai, Grasim has grown through strategic investments and capacity expansions to become one of the world’s leading producers of viscose staple fibre. The company leverages integrated manufacturing facilities and a global distribution network to serve major apparel brands and textile mills across Asia, Europe and North America.
In the textile segment, Grasim manufactures a wide range of products including viscose staple fibre, viscose filament yarn and blended fabrics.
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