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GRASIM Share Price Target

Grasim Industries Ltd.
Sector: Miscellaneous
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GRASIM Share Price *
753.1 +53.2 (7.6%)
* (quote may be delayed)
GRASIM Share Price Forecast - Consensus
No. of reports in last year
5
No. of analysts
4
Average Consensus Forecast
933.00
Consensus Potential
24.07%

GRASIM Share Price Target - Broker Reports - 2019

Geojit Financial Services
4-Sep-19
Price @ Call: 694.82
Target: 803
BUY
We estimate PAT to grow at 14.0% FY19-21E CAGR and EBITDA margin to improve to 21.0% by FY21E. We reiterate our BUY rating on the stock with a revised target price of Rs. 803 calculated using sum of the parts (SOTP) valuation methodology (SOTP table on page 2), taking into account the market potential, business environment and growth prospects.
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Sharekhan
19-Aug-19
Price @ Call: 751.9
Target: 955
BUY
Maintain Buy with revised PT of Rs. 955:
We have lowered our net earnings estimates for FY2020-FY2021E factoring lower realizations in Viscose and Chemical verticals along with increased interest expense due to increase in debt. The funding requirements of Grasim’s investment in Vodafone Idea has been key overhang on the stock leading to increased discounting of its other listed entities. We have adjusted our SOTP based price target for current market capitalization of Aditya Birla Capital and Vodafone Idea. We have also increased holding company discount due to key funding concern for Vodafone Idea. Hence, we arrive at a revised SOTP based price target of Rs. 955. However, we maintain Buy purely on the basis of attractive valuation post steep discounting of listed subsidiaries and investments.
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Edelweiss
11-Feb-19
Price @ Call: 718.45
Target: 988
BUY
Outlook and valuation: Value play; maintain ‘BUY’ We maintain that Grasim is a unique holdco with a solid underlying SA business. Yet capital commitments towards Idea (~INR29bn for a steady 11.5% stake) and potential infusion into ABCL (plans yet to be firmed up) are likely to overhang the stock. Maintain ‘BUY/SP’ with an SOTP-based target price of INR988 (valuing SA at 8x FY20E P/E and all key holdings at a 50% holdco discount to our respective fair value estimates).
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Motilal Oswal
8-Feb-19
Price @ Call: 753.2
Target: 836
NEUTRAL

GRASIM Share Price Target - Broker Reports - 2018

Geojit Financial Services
20-Oct-18
Price @ Call: 880.04
Target: 1083
BUY

Arihant Capital Markets
16-Aug-18
Price @ Call: 988.1
Target: 1219
BUY

Motilal Oswal
14-Aug-18
Price @ Call: 990.64
Target: 1084
NEUTRAL

Sharekhan
14-Aug-18
Price @ Call: 990.64
Target: 1360
BUY

Edelweiss
25-May-18
Price @ Call: 1017.07
Target: 1332
BUY

Arihant Capital Markets
25-May-18
Price @ Call: 1017.07
Target: 1222
BUY

Motilal Oswal
24-May-18
Price @ Call: 1046.65
Target: 1122
NEUTRAL

Arihant Capital Markets
7-May-18
Price @ Call: 1073.44
Target: 1280
BUY

Motilal Oswal
5-Apr-18
Price @ Call: 1065
Target: 1187
NEUTRAL

Edelweiss
15-Feb-18
Price @ Call: 1127.75
Target: 1416
BUY

Motilal Oswal
14-Feb-18
Price @ Call: 1134.75
Target: 1242
NEUTRAL

GRASIM Share Price Target - Broker Reports - 2017

Motilal Oswal
15-Nov-17
Price @ Call: 1209.05
Target: 1302
BUY

Geojit Financial Services
29-May-17
Price @ Call: 1109
Target: 1222
BUY

HDFC Securities
31-Jan-17
Price @ Call: 970
Target: 1200
BUY

Edelweiss
30-Jan-17
Price @ Call: 970
Target: 1200
BUY

GRASIM Share Price Target - Broker Reports - 2016

Kotak Securities
3-Nov-16
Price @ Call: 908.95
Target: 962
BUY

  • GRASIM - Share Price Target Potential

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    BrokerageTargetPotential
    Geojit Financial Services80312.84%
    Sharekhan95526.71%
    Edelweiss98829.16%
    Motilal Oswal83616.28%