TickerKhojComparison · NSE · data 2026-11-02
Grasim Industries Ltd. vs UltraTech Cement Limited
In plain words
Size: UltraTech Cement Limited is about 1.6 times the market value of Grasim Industries Ltd..
Return on equity: UltraTech Cement Limited 11.1% vs Grasim Industries Ltd. 4.9%.
Profit growth over 3 years: UltraTech Cement Limited 17.3% a year vs Grasim Industries Ltd. -10.1% a year.
Debt to equity: Grasim Industries Ltd. 2.2 vs UltraTech Cement Limited 0.31.
Differences in the numbers, not a recommendation of either stock.
Side by side
| GRASIM | ULTRACEMCO | |
|---|---|---|
| Price | ₹3,007 | ₹11,209 |
| Market cap | ₹2,01,687 cr | ₹3,25,320 cr |
| P/E | 35.9 | 37.5 |
| P/B | — | 4.5 |
| ROE | 4.9% | 11.1% |
| ROCE | 8.2% | 11.0% |
| Debt / equity | 2.2 | 0.31 |
| Operating margin | 21.3% | 14.1% |
| Dividend yield | 0.34% | 2.17% |
| Sales growth, 3 years (yearly) | 14.3% | 11.8% |
| Profit growth, 3 years (yearly) | -10.1% | 17.3% |
| 1-year return | 1.9% | -7.0% |
| Revenue, last 12 months | ₹1,84,029 cr | ₹95,572 cr |
| Net profit, last 12 months | ₹5,694 cr | ₹8,801 cr |
| Latest quarter | Jun 2026 | Sept 2026 |
| Quarter net profit | ₹2,146 cr | ₹1,494 cr |
| Quarter profit vs a year earlier | +51.3% | +21.3% |
| Promoter holding | 45.20% | 58.48% |
| Health check | Average (4.7/10) | Average (5.7/10) |
Common questions
Which has a higher P/E, Grasim Industries Ltd. or UltraTech Cement Limited?
UltraTech Cement Limited trades at the higher P/E (37.5 against 35.9). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
UltraTech Cement Limited (11.1% against 4.9%).
Which carries more debt?
Grasim Industries Ltd. has the higher debt-to-equity ratio (2.2 against 0.31).