[Asian Paints Ltd., founded in 1945, is a large-capitalization company (market capitalization: 260551.69 rupees) operating in the building materials sector.
Consolidated sales for the quarter ended December 31, 2020 were 6788.47 chlores, up 26.88% from the previous quarter and 5350.23 chlores, up 25.24% from the year-ago quarter. Rupees 1240.10 after tax in the latest quarter.
investment The rationale
Inflation in material costs has also skyrocketed since December, meaning that current record high gross margins and EBITDA margins are unlikely to sustain after 2009, especially in highly competitive industries such as paints. The valuation is as rich as 67.8 times that of FY22E and 58.5 times that of EPS of FY23E.
Promoter / FII Holdings
As of September 30, 2020, the promoter held a 52.8% stake in the company, with FII holding 19.8%, DII holding 8.2%, and public institutions and others holding 19.2%.
Asian Paint Stock Price: Asian Paint is Neutral, Target Price Rs 2790: Motilal Oswal
https://economictimes.indiatimes.com/markets/stocks/recos/neutral-on-asian-paints-target-price-rs-2790-motilal-oswalnbsp/articleshow/80398694.cms Asian Paint Stock Price: Asian Paint is Neutral, Target Price Rs 2790: Motilal Oswal