Grasim - Balancing Growth, Sustainability: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.In FY24, Grasim Industries Ltd.’s core operating businesses (viscose staple fibre and chemical) were under pressure due to lower realizations. We estimate a gradual improvement in VSF margin with an improvement in VSF prices. Moreover, we anticipate improvement in the chemical segment margin led by higher caustic soda realization and improved margin of chlorine derivatives.In the paints business, the company has successfully launched its initial product campaigning, and its ‘Make Life Beautiful’ advertisement received a positive response from the customers. Furthermore, its B2B e-commerce business recorded a quarterly revenue run-rate of Rs 5.5 billion with gradual scale-up across categories, geographies, and new customers. As the company’s high-growth businesses commence operations, it would be crucial to monitor revenue traction in both businesses We reiterate our Buy rating with a target price of Rs 3,160 as we value its: holding in subsidiary companies by assigning a discount of 35%;standalone business at seven times Sep-26E enterprise value/Ebitda, andpaints business at 1.5 times of investments..Click on the attachment to read the full report:.VRL Logistics - Recent Price Hike To Support Margins; Branch Expansion To Drive Volume Growth: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Grasim - Balancing Growth, Sustainability: Motilal Oswal

The brokerage reiterates its Buy rating on the stock with a target price of Rs 3,160.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Grasim - Balancing Growth, Sustainability: Motilal Oswal

The brokerage reiterates its Buy rating on the stock with a target price of Rs 3,160.

Choose a plan

Follow Us

DOWNLOAD THE APP