Time period given by analyst is one year when Colgate-Palmolive (India) Ltd. price can reach defined target.
Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 45863.58 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 1171.18 Crore, down -9.20 % from last quarter Total Income of Rs 1289.81 Crore and up 11.87 % from last year same quarter Total Income of Rs 1046.90 Crore. Company reported net profit after tax of Rs 233.23 Crore in latest quarter.
Investment Rationale
With weak topline and earnings growth likely to sustain going forward, the valuation at 40.5x FY23E EPS appears fair. The brokerage assigns a value of 40x Sep’23E EPS to arrive at TP of INR1,770/share
Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of June 30, 2021, while FIIs held 18.6 per cent, DIIs 8.5 per cent and public and others 21.9 per cent.
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