Add Grasim Industries, target price Rs 1580: ICICI Securities

ICICI Securities has add call on Grasim Industries with a target price of Rs 1580. The current market price of Grasim Industries is Rs 1297.25. Time period given by analyst is one year when Grasim Industries Ltd. price can reach defined target.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 84811.49 Crore) operating in Diversified sector.

Grasim Industries Ltd. key Products/Revenue Segments include Sale of Products, Other Operating Revenue, Scrap, Export Incentives, Power, Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 28991.25 Crore, up 18.22 % from last quarter Total Income of Rs 24523.78 Crore and up 18.19 % from last year same quarter Total Income of Rs 24529.53 Crore. Company reported net profit after tax of Rs 4014.14 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 42.76 per cent stake in the company as of 31-Mar-2022, while FIIs owned 12.71 per cent, DIIs 14.42 per cent.