Grasim Industries Ltd (NSE:GRASIM)
₹ 2372.05 -13.15 (-0.55%) Market Cap: 1.61 Til Enterprise Value: 2.57 Til PE Ratio: 27.88 PB Ratio: 1.89 GF Score: 89/100
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Grasim Industries Ltd's Foray into the Paints Business Call Transcript

Jan 23, 2021 / 05:30AM GMT
Operator

Ladies and gentlemen, good day, and welcome to the conference call for discussion on new business foray, hosted by Grasim Industries Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Ashish Adukia, Chief Financial Officer of Grasim Industries Limited. Thank you, and over to you, sir.

Ashish Adukia
Grasim Industries Limited - CFO

Thank you. Good morning, everyone. This is Ashish Adukia, CFO of Grasim. Grasim, as you know, has a long and successful history of incubating large new businesses for the group. While we started as a textiles company 74 years back, but since then we have incubated many leadership businesses under Grasim. We entered into chemicals business as backward integration to VSF. And now we've made it into an independent business, which is the largest player in the country.

We entered into cement when market was entrenched with incumbents, but over time, we created the #1 cement company with commanding presence across the country supported by a strong

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