Grasim Industries (OTCMKTS:GRSXY) Releases Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) announced its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, Zacks reports. Grasim Industries had a net margin of 2.71% and a return on equity of 5.48%.

Grasim Industries Stock Performance

Shares of GRSXY stock opened at $19.50 on Thursday. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 26.71 and a beta of -0.03. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.73 and a current ratio of 0.87. The company has a 50-day simple moving average of $19.51 and a 200 day simple moving average of $19.57. Grasim Industries has a 52 week low of $19.61 and a 52 week high of $19.61.

About Grasim Industries

Grasim Industries Limited operates in fibre, yarn, pulp, chemicals, textile, fertilizers, and insulators businesses in India and internationally. The company operates through Viscose, Chemicals, Cement, Financial Services, and Others segments. It provides viscose staple fiber, a man-made biodegradable fiber for use in apparels, home textiles, dress materials, knit wear products, and non-woven applications; wood pulp products; viscose filament yarn, a natural fibre for manufacturing fabrics such as georgettes, crepes, chiffons, and others; and textile products, such as linen and wool.