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has add call on with a target price of Rs 680. The current market price of Kansai Nerolac Paints is Rs 636.5. Time period given by analyst is one year when Kansai Nerolac Paints price can reach defined target.
Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 34366.91 Crore) operating in Building Materials sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1412.70 Crore, down -3.93 % from last quarter Total Income of Rs 1470.50 Crore and up 118.32 % from last year same quarter Total Income of Rs 647.08 Crore. Company reported net profit after tax of Rs 111.38 Crore in latest quarter.
Investment Rationale
The brokerage models revenue and PAT CAGRs of 18.5% and 18% respectively over FY21-23E. It maintains ADD rating with DCF based TP of Rs680 (50x FY23E). Key risks: continued slow-down due to covid and steep inflation in input prices.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2021, while FIIs held 3.8 per cent, DIIs 11.5 per cent and public and others 9.7 per cent.
Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 34366.91 Crore) operating in Building Materials sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1412.70 Crore, down -3.93 % from last quarter Total Income of Rs 1470.50 Crore and up 118.32 % from last year same quarter Total Income of Rs 647.08 Crore. Company reported net profit after tax of Rs 111.38 Crore in latest quarter.
Did you Know?
Stock score of Kansai Nerolac Paints Ltd moved down by 1 in 3 months on a 10-point scale.
View Latest Stock Report »Investment Rationale
The brokerage models revenue and PAT CAGRs of 18.5% and 18% respectively over FY21-23E. It maintains ADD rating with DCF based TP of Rs680 (50x FY23E). Key risks: continued slow-down due to covid and steep inflation in input prices.
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2021, while FIIs held 3.8 per cent, DIIs 11.5 per cent and public and others 9.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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