Asian Paints Ltd. News and Updates

Name: Latest research reports of Asian Paints Ltd. authored by Hem Securities and published by - Trendlyne research reports.
Item: Asian Paints Ltd.
Rating: 3
Author: Hem Securities

Keep track of all breaking news on Asian Paints Ltd. from all sources in a single place.

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Asian Paints Ltd.

27 Jan 2020

2486.00

-0.52%

Asian Paints

Asian Paints Ltd.

SMC online

December 2019 compared to corresponding previous year period. The company operating margins rose 90 bps to 21.9%. As a result operating profit growth rose 8% to Rs 1189.39 crore. Cost of raw material consumed as a percentage of net sales (net of stock adjustment) fell 560 bps to 45.6% while purchase of stock in trade rose 140 bps to 8.3%, employee benefit expense rose 70 bps to 6.8% and other expense increased 140 bps to 15.8%....

Asian Paints Ltd. has an average target of 2333.62 from 8 brokers.

Asian Paints Ltd.

25 Jan 2020

2486.00

-0.52%

Asian Paints Q3 result beat estimates; here are highlights of analyst call

Moneycontrol

Revenue from operations was at Rs 5,420.28, up 3 percent year-on-year.

Promoters pledged 0.09% of shares in last quarter. Total pledge stands at 9.30% of promoter holdings

Asian Paints Ltd.

24 Jan 2020

2486.00

-0.52%

Result Review - Asian Paints

Hold: Asian Paints Ltd.

Hem Securities

Asian Paints Limited is an Indian multinational paint company headquartered in Mumbai, Maharashtra. The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing...

Promoters pledged 0.09% of shares in last quarter. Total pledge stands at 9.30% of promoter holdings

Asian Paints Ltd.

24 Jan 2020

2486.00

-0.52%

Asian Paints: Rural focus may drive volumes, but is a risk to earnings growth

Moneycontrol

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Asian Paints Ltd. has an average target of 2333.62 from 8 brokers.

Asian Paints Ltd.

24 Jan 2020

2486.00

-0.52%

ASIAN PAINTS LTD

Hold: Asian Paints Ltd.

Target

Geojit BNP Paribas

Asian paints (APNT), is the market leader in the Indian paint manufacturing industry with a market share of ~53%. Q3FY20 revenue grew by 3% YoY (below estimate) due to poor realization despite double digit volume (~11% YoY). Higher volume of economy products, price cut of 0.25% and slowdown in economy impacted the growth. EBITDA margin improved by 96bps YoY to 21.9% due to benign material cost and lower other expenses....

Asian Paints Ltd. is trading above all available SMAs

Asian Paints Ltd.

23 Jan 2020

2486.00

-0.52%

Accumulate Asian Paints; target of Rs 1815: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended accumulate rating on Asian Paints with a target price of Rs 1815 in its research report dated January 22, 2019.

Asian Paints Ltd. has an average target of 2333.62 from 8 brokers.

Asian Paints Ltd.

23 Jan 2020

2486.00

-0.52%

Asian Paints - 3QFY20 Result Update

Asian Paints Ltd.

Reliance Securities

Number of FII/FPI investors decreased from 956 to 921 in Mar 2025 qtr

Asian Paints Ltd.

23 Jan 2020

2486.00

-0.52%

Asian Paints

Buy: Asian Paints Ltd.

ICICI Securities Limited

Change in product mix weighs on value growth While the decorative segment volume growth remained intact in 9MFY20, the change in product mix coupled with slight price cut on select product categories resulting in a decline in realisation of the company. The consistent growth in the decorative segment was largely due to 1) strong demand from tier II, tier III cities and rural India, 2) market share gain in bottom of the pyramid products and 3) launch of new products in the economy range. We believe paint demand will remain strong (~13% CAGR...

Asian Paints Ltd. is trading above all available SMAs

Asian Paints Ltd.

22 Jan 2020

2486.00

-0.52%

Asian Paints: Little scope for a sharp recovery in near-term revenue growth

Business Standard

Valuations of 50x FY21 estimated earnings are rich

Asian Paints Ltd. has an average target of 2333.62 from 8 brokers.

Asian Paints' revenue growth dims in Q3 but profit margins stay bright

livemint | 22 Jan 2020 5 more

Asian Paints Ltd.

22 Jan 2020

2486.00

-0.52%

Realizations decline sharply, margin growth uncertain

Sell: Asian Paints Ltd.

Target

Motilal Oswal

22 January 2020 APNTs ~-8% realization decline (on a base that had an already weak mix in 3QFY19) does not augur well for its sales growth beyond FY20, especially given the uncertain economic revival. While 4QFY20 should continue seeing YoY margin gains, there is uncertainty on further commodity price reduction in FY21/FY22, thereby tempering margin growth expectations. This means that EPS growth is likely to be in line with top line. On account of lower FY20 capex assumption and margin beat in 3QFY20, we have upgraded FY20/FY21 EPS estimates at 2%/3%; our FY22 forecast remains unchanged. net sales grew 3% YoY to INR54.2b (slightly lower than est. INR54.5b), despite volume beat of ~11% (v/s est. Note that 3QFY19 saw 23.5% sales growth. Despite significant mix deterioration, gross margins were up 190bp YoY to 43%. However, higher operational expenses mean that EBITDA margin expanded only 100bp YoY to 21.