Grasim Industries vs Dalmia Bharat: share price, P/E, ROE and financials compared
Grasim Industries
Dalmia Bharat
Grasim Industries and Dalmia Bharat at a glance
Grasim Industries and Dalmia Bharat are both listed in Construction Materials. Grasim Industries is the larger by market cap, at ₹2.2L Cr against ₹27,602 Cr for Dalmia Bharat (7.9 times as large). On valuation, Grasim Industries has the lower P/E (38.5× against 56.3×), while Dalmia Bharat has the lower price-to-book (1.54× against 2.12×). On returns and margins, Grasim Industries has the higher ROE (4.9% against 2.8%), while Dalmia Bharat has the higher ROCE (7.0% against 4.0%) and the higher operating margin (18.4% against 15.0%). Over three years, Grasim Industries has faster 3-year sales growth (+14.3% against +3.0% a year), while Dalmia Bharat has faster 3-year profit growth (+3.2% against −10.1% a year). Dalmia Bharat carries less debt for its equity, with a debt-to-equity of 0.57× against 1.35×.
Key metrics, side by side
| Metric | Grasim IndustriesGRASIM | Dalmia BharatDALBHARAT |
|---|---|---|
| Price (₹) | 3,227.00 | 1,470.30 |
| Market cap (₹ Cr) | 2,18,884 | 27,602 |
| P/E | 38.5× (the lower figure, shaded) | 56.3× |
| P/B | 2.12× | 1.54× (the lower figure, shaded) |
| Dividend yield, trailing | 0.31% | 0.61% (the higher figure, shaded) |
| ROE | 4.9% (the higher figure, shaded) | 2.8% |
| ROCE | 4.0% | 7.0% (the higher figure, shaded) |
| Operating margin (OPM) | 15.0% | 18.4% (the higher figure, shaded) |
| Net margin (NPM) | 3.1% | 3.2% |
| Sales CAGR 3Y | +14.3% (the higher figure, shaded) | +3.0% |
| Profit CAGR 3Y | −10.1% | +3.2% (the higher figure, shaded) |
| Debt to equity | 1.35× | 0.57× (the lower figure, shaded) |
| Interest cover | 5.2× (the higher figure, shaded) | 4.0× |
| Net profit TTM (₹ Cr) | – | 490 |
| 1Y return | +12.0% (the higher figure, shaded) | −28.5% |
| Promoter holding | – | 55.84% |
Grasim Industries vs Dalmia Bharat: common questions
Which is bigger, Grasim Industries or Dalmia Bharat?
By market cap, Grasim Industries is bigger at ₹2.2L Cr, against ₹27,602 Cr for Dalmia Bharat (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Grasim Industries or Dalmia Bharat?
Grasim Industries trades at a P/E of 38.5× and Dalmia Bharat at 56.3×. Grasim Industries has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Grasim Industries or Dalmia Bharat?
Grasim Industries reports a return on equity of 4.9% and Dalmia Bharat 2.8%. Grasim Industries has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Grasim Industries or Dalmia Bharat?
Over the last three years: Sales grew +14.3% a year at Grasim Industries and +3.0% at Dalmia Bharat, so Grasim Industries grew sales faster; profit grew −10.1% a year at Grasim Industries and +3.2% at Dalmia Bharat, so Dalmia Bharat grew profit faster. Past growth doesn’t predict future growth.