Name: Latest research reports of Grasim Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Grasim Industries Ltd.
Rating: 4
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	29 Sep 2025	Grasim Industries	Consensus Share Price Target	2746.90	3250.36	-	18.33	buy	pdf Detailed Estimates
	27 May 2023	Grasim Industries	ICICI Securities Limited Target	2746.90	1841.00	1688.30 (62.70%)	Target met	Accumulate	pdf post cache	Broker Report Margins disappoint, but have largely bottomed out ICICI Securities Limited Grasim Industries’ (Grasim) Q4FY23 standalone EBITDA plunged 43% YoY/11% QoQ, being 33% below estimates. VSF margin slipped ~300bps YoY though it recovered 180bps QoQ. As for chemicals segment, margin dipped ~470bps YoY and 350bps QoQ. pdf Copy Link Share on Share on Share on Share on Alert
	26 May 2023	Grasim Industries	Sharekhan Target	2746.90	1950.00	1725.15 (59.23%)	Target met	Buy	pdf post cache	Broker Report Grasim Sharekhan pdf Copy Link Share on Share on Share on Share on Alert
	19 Apr 2023	Grasim Industries	ICICI Securities Limited Target	2746.90	1874.00	1690.10 (62.53%)	Target met	Accumulate	pdf post cache	Broker Report Losing the plot... ICICI Securities Limited 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) pdf Copy Link Share on Share on Share on Share on Alert
	30 Mar 2023	Grasim Industries	Motilal Oswal	2746.90	1900.00	1631.70 (68.35%)	Target met	Buy	pdf post cache	Broker Report Leading player in Viscose globally and in Chemicals in India Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	08 Mar 2023	Grasim Industries	Sharekhan Target	2746.90	1900.00	1601.25 (71.55%)	Target met	Buy	pdf post cache	Broker Report Grasim Sharekhan pdf Copy Link Share on Share on Share on Share on Alert
	08 Mar 2023	Grasim Industries	Motilal Oswal	2746.90	1900.00	1601.10 (71.56%)	Target met	Buy	pdf post cache	Broker Report Focusing on growth opportunities in core businesses Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	15 Feb 2023	Grasim Industries	SMC online	2746.90		1626.15 (68.92%)	Pre-Bonus/ Split	Results Update	pdf post cache	Broker Report Grasim Industries Limited SMC online pdf Copy Link Share on Share on Share on Share on Alert
	15 Feb 2023	Grasim Industries	ICICI Securities Limited Target	2746.90	1690.00	1626.15 (68.92%)	Target met	Hold	pdf post cache	Broker Report Elevated costs and subdued pricing dent EBIDTA ICICI Securities Limited 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. pdf Copy Link Share on Share on Share on Share on Alert
	08 Feb 2023	Grasim Industries	Motilal Oswal Target	2746.90	1900.00	1636.55 (67.85%)	Target met	Buy	pdf post cache	Broker Report Margins under pressure; but should improve in 1HFY24E Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	21 Nov 2022	Grasim Industries	Geojit BNP Paribas Target	2746.90	1854.00	1735.15 (58.31%)	Target met	Hold	pdf post cache	Broker Report GRASIM INDUSTRIES LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
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Grasim Industries Ltd. share price target

Grasim Industries Ltd. has an average share price target of 3253.25. The consensus estimate represents an upside of 18.43% from the last price of 2746.90. View 8 reports from 4 analysts offering long-term price targets for Grasim Industries Ltd..

Margins disappoint, but have largely bottomed out

Grasim

Losing the plot...

Leading player in Viscose globally and in Chemicals in India

Grasim

Focusing on growth opportunities in core businesses

Grasim Industries Limited

Elevated costs and subdued pricing dent EBIDTA

Margins under pressure; but should improve in 1HFY24E

GRASIM INDUSTRIES LIMITED

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