Grasim Industries (OTCMKTS:GRSXY) Issues Quarterly Earnings Results

Grasim Industries (OTCMKTS:GRSXY) released its earnings results on Wednesday. The company reported $0.09 earnings per share (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

Grasim Industries stock remained flat at $19.50 during trading hours on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.73 and a current ratio of 0.87. Grasim Industries has a 12-month low of $19.61 and a 12-month high of $19.61. The stock has a market cap of $12.83 billion, a PE ratio of 26.71 and a beta of -0.03. The company’s fifty day simple moving average is $19.51 and its two-hundred day simple moving average is $19.57.

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.