Buy Grasim Industries, target price Rs 1800: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Grasim Industries with a target price of Rs 1800. The current market price of Grasim Industries is Rs 1635.3.

Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 107444.57 Crore) operating in Diversified sector.

Grasim Industries Ltd. key Products/Revenue Segments include Sale of Products, Scrap, Export Incentives, Other Operating Revenue, Power, Sale of services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 27737.58 Crore, down -1.67 % from last quarter Total Income of Rs 28209.61 Crore and up 21.56 % from last year same quarter Total Income of Rs 22817.58 Crore. Company reported net profit after tax of Rs 1419.20 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 42.75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 12.58 per cent, DIIs 14.9 per cent.