iStockAkzo Nobel India, incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 10989.33 Crore) operating in Building Materials sector.
Akzo Nobel India key Products/Revenue Segments include Paint, Varnishes & Enamels, Sale of services, Other Operating Revenue, Lease Rentals, Scrap and Duty Drawback for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 957.50 Crore, down -4.17 % from last quarter Total Income of Rs 999.20 Crore and up 9.78 % from last year same quarter Total Income of Rs 872.20 Crore. Company has reported net profit after tax of Rs 95.40 Crore in latest quarter.
The company’s top management includes Mr.Oscar Wezenbeek, Mr.Rajiv Rajgopal, Mr.R Krishna, Mr.Hemant Sahai, Ms.Smriti Rekha Vijay, Mr.Amit Jain. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-03-2023, the company has a total of 5 Crore shares outstanding.
Investment Rationale
The brokerage advises investors to stay underweight in paints stocks. It maintains REDUCE rating on all paint stocks – Akzo Nobel, Asian Paints, Berger Paints, Indigo Paints and Kansai Nerolac.
Promoter/FII Holdings
Promoters held 74.76 per cent stake in the company as of 31-Mar-2023, while FIIs owned 2.97 per cent, DIIs 8.95 per cent.
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