- Grasim Industries reported a net income of 7.21 billion rupees for the second quarter, a decrease of 9.3% compared to the previous year, missing the estimate of 8.59 billion rupees.
- The company’s revenue reached 76.2 billion rupees, showing an 18% increase year-over-year and surpassing the estimate of 74.89 billion rupees.
- Viscose revenues rose by 6.2% year-over-year to 41.3 billion rupees.
- Chemicals revenues saw a 3% year-over-year increase, amounting to 20.5 billion rupees.
- Total costs escalated by 26% year-over-year, reaching 78.7 billion rupees.
- Raw material costs increased by 23% year-over-year to 37.5 billion rupees, aligning closely with the estimated 37.56 billion rupees.
- Other income significantly increased by 70% year-over-year, totaling 12.9 billion rupees.
- Analyst ratings for Grasim Industries include six buy recommendations, three holds, and one sell rating.
A look at Grasim Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Grasim Industries Limited, a key player in the Aditya Birla group, is poised for a promising future based on its Smartkarma Smart Scores. Boasting a solid Value score of 4, the company is deemed to have strong fundamentals that provide a good investment opportunity. While its Growth and Momentum scores stand at 3, reflecting a steady trajectory and positive market sentiment, its Dividend score of 3 hints at decent returns for investors. Although Grasim Industries scores lower on Resilience with a rating of 2, indicating potential vulnerability to market changes, its overall outlook appears optimistic.
As a diversified operating company, Grasim Industries manufactures an array of products such as Viscose Staple Fiber (VSF), cement, chemicals, and textiles. With its key strengths highlighted in the Smart Scores, investors may find Grasim Industries to be an attractive investment option for the long term. The company’s strategic position within the Aditya Birla group, coupled with its favorable Smart Scores, suggests a potentially favorable trajectory ahead, making it one to watch in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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