|
04 Sep 2025 |
Grasim Industries
|
Consensus Share Price Target
|
2804.30 |
3250.36 |
- |
15.91 |
buy
|
|
|
|
|
26 May 2023
|
Grasim Industries
|
Sharekhan
|
2804.30
|
1950.00
|
1725.15
(62.55%)
|
Target met |
Buy
|
|
|
|
|
19 Apr 2023
|
Grasim Industries
|
ICICI Securities Limited
|
2804.30
|
1874.00
|
1690.10
(65.93%)
|
Target met |
Accumulate
|
|
|
Pricing power is crucial in the commodity business and the Indian cement sector is certainly losing the plot on that front. Elevated competitive intensity across regions, has prevented margin-accretive price hikes, despite: a) robust demand (Q4FY23E prices slipped ~1% QoQ notwithstanding peak season volume surge of ~10% YoY)
|
|
30 Mar 2023
|
Grasim Industries
|
Motilal Oswal
|
2804.30
|
1900.00
|
1631.70
(71.86%)
|
Target met |
Buy
|
|
|
|
|
08 Mar 2023
|
Grasim Industries
|
Sharekhan
|
2804.30
|
1900.00
|
1601.25
(75.13%)
|
Target met |
Buy
|
|
|
|
|
08 Mar 2023
|
Grasim Industries
|
Motilal Oswal
|
2804.30
|
1900.00
|
1601.10
(75.15%)
|
Target met |
Buy
|
|
|
|
|
15 Feb 2023
|
Grasim Industries
|
SMC online
|
2804.30
|
|
1626.15
(72.45%)
|
Pre-Bonus/ Split |
Results Update
|
|
|
|
|
15 Feb 2023
|
Grasim Industries
|
ICICI Securities Limited
|
2804.30
|
1690.00
|
1626.15
(72.45%)
|
Target met |
Hold
|
|
|
Grasim Industries’ (Grasim) Q3FY23 standalone EBITDA at Rs4.8bn (down 48% YoY) was significantly below our / consensus estimates. VSF business reported negative segmental EBITDA owing to elevated input costs (e.g. pulp, caustic soda, fuel, etc.) and pricing pressures.
|
|
08 Feb 2023
|
Grasim Industries
|
Motilal Oswal
|
2804.30
|
1900.00
|
1636.55
(71.35%)
|
Target met |
Buy
|
|
|
|
|
21 Nov 2022
|
Grasim Industries
|
Geojit BNP Paribas
|
2804.30
|
1854.00
|
1735.15
(61.62%)
|
Target met |
Hold
|
|
|
|
|
16 Nov 2022
|
Grasim Industries
|
ICICI Securities Limited
|
2804.30
|
1820.00
|
1727.50
(62.33%)
|
Target met |
Accumulate
|
|
|
Grasim Industries’ (Grasim) Q2FY23 standalone EBITDA at Rs9.6bn (up 19% YoY) was below our / consensus estimates. VSF EBITDA fell to ~Rs15/kg (calculated) from Rs21/kg QoQ and Rs33/kg YoY owing to inflation in pulp, caustic soda, fuel, etc.
|