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ICICI Securities has hold call on with a target price of Rs 3400. The current market price of Asian Paints Ltd. is Rs 3296.4. Time period given by analyst is one year when Asian Paints Ltd. price can reach defined target.
Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 314880.65 Crore) operating in Building Materials sector.
Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 8599.05 Crore, up 18.87 % from last quarter Total Income of Rs 7234.21 Crore and up 24.87 % from last year same quarter Total Income of Rs 6886.39 Crore. Company reported net profit after tax of Rs 1016.33 Crore in latest quarter.
Investment Rationale
The brokerage models sales and earnings CAGR of 21.7% and 16.9% respectively, for FY21-FY24E. It maintains HOLD with a DCF-based TP of Rs3,400. Lower-than-expected urban recovery and potential execution challenges in new categories are key risks.
Promoter/FII Holdings
Promoters held 157.89 per cent stake in the company as of 31-Dec-2021, while FIIs owned 61.44 per cent, DIIs 21.48 per cent.
Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 314880.65 Crore) operating in Building Materials sector.
Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 8599.05 Crore, up 18.87 % from last quarter Total Income of Rs 7234.21 Crore and up 24.87 % from last year same quarter Total Income of Rs 6886.39 Crore. Company reported net profit after tax of Rs 1016.33 Crore in latest quarter.
Investment Rationale
The brokerage models sales and earnings CAGR of 21.7% and 16.9% respectively, for FY21-FY24E. It maintains HOLD with a DCF-based TP of Rs3,400. Lower-than-expected urban recovery and potential execution challenges in new categories are key risks.
Promoter/FII Holdings
Promoters held 157.89 per cent stake in the company as of 31-Dec-2021, while FIIs owned 61.44 per cent, DIIs 21.48 per cent.
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