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Asian Paints Ltd share Price Today

Company details

2,819.00
2,868.00
2,708.65
3,568.00
6M Return -13.78%
1Y Return 1.53%
Mkt Cap.(Cr) 273,059.69
Volume 1,864,623
Div Yield 0.91%
OI
-
OI Chg %
-
Volume 1,864,623

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Upbeat operating performance…
About The Stock

    Asian Paints (APL) is India’s largest decorative paint company. The company derives ~98% revenue from the paints business while 2% business comes from the home improvement business (kitchen and bathroom fittings).

    • Strong distribution network of 70,000 dealers, 2x more than the No. 2 player
    • Despite being in a capital intensive business, the company has maintained a strong balance sheet with RoCE, RoE of 31%, 27%, respectively
Q3FY22 Result

    The Q3 performance was ahead of our estimates on all fronts led by strong volume growth even on a higher base of last year.

    • Reported revenue growth of 26% YoY to Rs 8527 crore (up 20% QoQ), led by volume growth of 18%
    • Gross margins declined 832 bps YoY, resulting in overall fall in EBITDA margin by 825 bps YoY to 18.1%
    • PAT fell 19% YoY to ~Rs 1026 crore, ahead of our estimate of Rs 921 crore
    • The company took a price hike of 4% in Q2FY22 and has further guided to take price hikes to offset higher input prices

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Research view on more stocks

Furniture-Furnishing-Paints company Asian Paints announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Consolidated Net Sales increased by 5.4% to Rs 9,074.9 crore from Rs 8,607.5 crore.
  • Improvement in gross margins by about 510 basis points in Q3FY24 as compared to Q3FY23.
  • PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before sharing in profit of associates) increased by 27.6% to Rs 2,056.1 crore from Rs 1,611.4 crore.
  • PBDIT Margin as % to Net Sales improved to 22.7% from 18.7% in the corresponding period of the previous year.
  • Profit before exceptional items and tax increased by 33.1% to Rs 1,967.8 crore from Rs 1,478.2 crore.
  • Net Profit after minority interest increased by 35.0% to Rs 1,447.7 crore from Rs 1,072.7 crore.

Consolidated 9MFY24:

  • Consolidated Net Sales increased by 4.2% to Rs 26,680.7 crore from Rs 25,617.0 crore.
  •  Improvement in gross margins by about 600 basis points in 9MFY24 as compared to 9MFY23.
  • PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) increased by 34.1% to Rs 5,893.6 crore from Rs 4,395.1 crore.
  • PBDIT Margin as % to Net Sales improved to 22.1% from 17.2% in the previous year.
  • Profit before exceptional items and tax increased by 43.0% to Rs 5,723.7 crore from Rs 4,003.2 crore.
  • Net Profit after minority interest increased by 46.3% to Rs 4,203.5 crore from Rs 2,872.3 crore.

Standalone Q3FY24:

  • Net Sales increased by 5.2% to Rs 7,883.3 crore from Rs 7,492.2 crore.
  • Improvement in gross margins by about 550 basis points in Q3FY24 as compared to Q3FY23.
  • PBDIT for the quarter increased by 26.9% to Rs 1,897.1 crore from Rs 1,494.8 crore.
  • PBDIT Margin as % to Net Sales improved to 24.1% from 20.0% in the corresponding period of the previous year.
  • Profit before tax increased by 32.7% to Rs 1,914.2 crore from Rs 1,443.0 crore.
  • Net Profit increased by 32.9% to Rs 1,443.5 crore from Rs 1,085.9 crore.

Standalone 9MFY24:

  • Net Sales increased by 4.1% to Rs 23,283.8 crore from Rs 22,363.9 crore.
  • Improvement in gross margins by about 640 basis points in 9MFY24 as compared to 9MFY23.
  • PBDIT for the period increased by 34.6% to Rs 5,481.6 crore from Rs 4,072.9 crore.
  • PBDIT Margin as % to Net Sales improved to 23.5% from 18.2% in the corresponding period of the

“The quarter delivered a Decorative & Industrial coatings combined value growth of 6.1% with a strong double-digit Industrial coatings value growth. The Decorative Business grew well in the Luxury and Economy segments to register a robust 12 % volume growth and a value growth of 5.5%. Growth was supported by the extended festive season, though we saw some moderation in demand in the latter part of the quarter. Both our Auto OE and General Industrial coating businesses achieved sturdy revenue growths and good profit margins. Our International Business saw growth in the Middle East and Africa and registered increased profitability overall. It, however, continued to remain constrained by macroeconomic headwinds, and inflationary pressures in key geographies of South Asia and Egypt. We saw a better quarter in the Home Décor space, with new categories making headway, as we made good progress on integrating our offerings within our Beautiful Homes stores and network. Our margins gained significantly from growth in luxury products and softening raw material prices coupled with operational, formulation, and sourcing efficiencies in Q3.

Moving forward, we will maintain focus on driving strong sales growth and continue to invest in multiple initiatives and solutions for our customers, building on our leadership position.” said Amit Syngle, Managing Director & CEO of Asian Paints.

 

Result PDF

View Other Company Results

Asian Paints Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (4)

  • Promoters increased pledged shares QoQ
  • MFs decreased their shareholding last quarter
  • Near 52 Week Low

Opportunity (1)

  • Positive Breakout First Resistance ( LTP > R1)

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 2,870.2
R2 2,893.6
R3 2,919.2
Pivot

2,844.58

S1 2,821.2
S2 2,795.6
S3 2,772.2
EMA SMA
2,857.8
2,939.2
3,024.7
3,080.2
2,843.4
2,930.2
3,081.8
3,167.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 2024-01-25 2999.45 61340 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 2999.45 5113 NSE
SOCIETE GENERALE Block Sell 2024-01-25 2999.45 66453 NSE
Name Category Shares
Dipika Amar Vakil PROMOTER 1.33%
Late Abhay Arvind Vakil PROMOTER 1.29%
Vivek Abhay Vakil PROMOTER 0.71%
Bhairavi Abhay Vakil PROMOTER 0.63%
Nehal Abhay Vakil PROMOTER 0.6%
Smiti Holding and Trading Company Private Limited PROMOTER 5.77%
Sattva Holding and Trading Private Limited PROMOTER 5.71%
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Sudhanva Investments and Trading Company Private Limited PROMOTER 1.98%
Rupen Investment & Industries Private Limited PROMOTER 1.97%
Satyadharma Investments and Trading Company Private Ltd. PROMOTER 1.91%
Castle Investment & Industries Private Limited PROMOTER 1.61%
Lyon Investment & Industries Private Limited PROMOTER 1.5%
Jaldhar Investments and Trading Company Private Limited PROMOTER 1.3%
Tru Trading and Investments Pvt Limited PROMOTER 1.27%
Nehal Trading and Investments Private Limited PROMOTER 1.16%
Asteroids Trading and Investments Private Limited PROMOTER 1.13%
Jalaj Trading & Investment Company Private Limited PROMOTER 1.12%
Unnati Trading and Investments Private Limited PROMOTER 1.09%
Doli Trading and Investments Private Limited PROMOTER 0.98%
Centaurus Trading and Investments Pvt Ltd PROMOTER 0.77%
Suptaswar Investments and Trading Company Limited PROMOTER 0.68%
Lambodar Investments and Trading Company Limited PROMOTER 0.63%
Murahar Investments and Trading Company Limited PROMOTER 0.6%

OUR RESEARCH VIEW

Investment recommendation
Upbeat operating performance…
Call Date
12 May 2023
Entry Price 3,140.00
Target Price 3,425.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Asian Paints Ltd Stocks COMPARISON

Financials( in Cr) Asian Paints Ltd Berger Paints India Ltd Kansai Nerolac Paints Ltd Akzo Nobel India Ltd Indigo Paints Ltd
Price 2,846.75 573.05 262.25 2,384.70 1,256.60
% Change 0.57 1.03 -0.78 -1.19 -1.29
Mcap Cr 273,059.69 66,802.96 21,199.77 10,859.92 5,984.05
Revenue TTM Cr 34,488.59 10,567.84 8,520.70 3,802.10 1,073.33
Net Profit TTM Cr 4,195.33 860.40 468.47 335.10 131.94
PE TTM 49.75 58.48 32.61 26.52 42.53
1 Year Return 1.53 19.22 1.96 2.92 25.42
ROCE 34.45 23.34 14.33 32.26 21.43
ROE 28.15 20.43 10.81 26.04 18.51
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 15,992.23 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 30,755.54 31,723.05
LAST 3M 69,913.40 26,515.65
LAST 6M 130,081.93 60,306.69
LAST 12M 189,259.39 205,003.99
Asian Paints Limited - Updates

Mar 26, 2024 l NSE Announcement

Asian Paints Limited - Updates

Mar 22, 2024 l NSE Announcement

Date Action Type Ratio
Nov 03, 2023 Dividend 515
Jun 09, 2023 Dividend 2125
Oct 31, 2022 Dividend 440

Asian Paints Ltd Information

Stock PE (TTM)
49.75
Promoter Holding
52.63%
Book Value
172.6646
ROCE
34.45%
ROE
28.15%
Description
  • Asian Paints Limited is engaged in manufacturing paints. The company has its market capitalization worth INR2,55,702.95 crore as of 16th April 2021. This company was established in 1942. The company has reported quarterly revenue of INR5,872.81 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 500820 and on the National Stock Exchange (NSE) with the symbol ASIANPAINT. The company is an Indian multinational paint manufacturing company engaged in manufacturing, selling and distributing paints and products about home decor, bath fittings, and related services. The company has its headquarters in Mumbai. In 1945, Asian paints Ltd. was incorporated, and the company changed its name to Asian Paints (India) Pvt. Ltd. in the year 1965. In 1973, the corporation became a public limited company. Asian Paints Ltd. is India's largest paint manufacturer, Asia's third-largest, and ranks among the world's top ten paint manufacturers. The company has 27 paint production plants in 22 countries and serves clients in 65 countries. The company has established its manufacturing plants in Maharashtra, Gujarat, Andhra Pradesh, Uttar Pradesh, Tamil Nadu and Haryana. Some of the subsidiaries of Asian Paints are- Sleek International Private Ltd., Asian Paints (Middle East) LLC, Asian Paints Industrial Coating Ltd. and Kitchen Grace India Private Ltd., among others. The company began commercial manufacture of water-based paints and intermediaries in the state of Karnataka in 2019, with a potential of 3 lakh kilolitres per year, which made its ultimate capacity of 6 Lakh KL p.a. and another plant at Visakhapatnam with an initial capacity of 3 Lakh KL p.a. and making the maximum capacity to 5 Lakh KL p.a. The firm offers a wide variety of facilities to meet the demands of large schemes such as co-operative housing associations, institutes, and government agencies. The company reported an increase in profits over the last two years, with Rs.840 crores in March 2019 and Rs.1240 crores in March 2020. The debt of the company stands Rs.1644 crores as of March 2021. The firm operates in all four decorative colours, including Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wall Finishes, and Exterior Wall Finishes, Enamels and Wood Finishes. Colour Worlds (Dealer Tinting Systems), Home Solutions (painting solutions Service), Kids World (painting solutions for kids' rooms), Colour Next (prediction of colour trends by in-depth research), and Royale Play Special Effect Paints are just a couple of the innovative paint ideas they've introduced to the Indian market.

Registered Address

6A Shantinagar, Santacruz (East), Mumbai, Maharashtra, 400055

Tel : 91-22-62181000
Email : investor.relations:asianpaints.com
Website : http://www.asianpaints.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500820
NSE Code : ASIANPAINT
Book Closure Date (Month) :
BSE Group : A
ISIN : INE021A01026

FAQ’s on Asian Paints Ltd Shares

You can buy Asian Paints Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Asian Paints Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:59 PM the closing price of Asian Paints Ltd was ₹ 2,846.75.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:59 PM, the market cap of Asian Paints Ltd stood at ₹ 273,059.69.

The latest PE ratio of Asian Paints Ltd as of Mar 28, 2024 03:59 PM is 49.75

The latest PB ratio of Asian Paints Ltd as of Mar 28, 2024 03:59 PM is 0.06

The 52-week high of Asian Paints Ltd share price is ₹ 3,568.00 while the 52-week low is ₹ 2,708.65

According to analyst recommendations, Asian Paints Ltd Share has a “Buy” rating for the long term.

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