Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 228576.83 Crore) operating in Building Materials sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 6886.39 Crore, up 26.75 % from last quarter Total Income of Rs 5432.86 Crore and up 25.43 % from last year same quarter Total Income of Rs 5490.11 Crore. Company reported net profit after tax of Rs 1240.10 Crore in latest quarter.
Investment Rationale
The brokerage models sales and earnings CAGR of 12.5% and 17.3% respectively, for FY20-FY23E. It maintains ADD with a DCF-based TP of Rs2,600. Lower-than-expected urban recovery and potential execution challenges in new categories are key risks.
Promoter/FII Holdings
Promoters held 52.8 per cent stake in the company as of Dec 31, 2020, while FIIs held 21.7 per cent, DIIs 6.5 per cent and public and others 19 per cent.
