|
09 Sep 2025 |
Asian Paints
|
Consensus Share Price Target
|
2537.30 |
2437.41 |
- |
-3.94 |
hold
|
|
|
|
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26 Oct 2023
|
Asian Paints
|
Prabhudas Lilladhar
|
2537.30
|
3387.00
|
2960.30
(-14.29%)
|
Target met |
Accumulate
|
|
|
|
|
08 Aug 2023
|
Asian Paints
|
Geojit BNP Paribas
|
2537.30
|
3691.00
|
3348.05
(-24.22%)
|
|
Buy
|
|
|
|
|
26 Jul 2023
|
Asian Paints
|
ICICI Securities Limited
|
2537.30
|
3000.00
|
3373.00
(-24.78%)
|
Target met |
Sell
|
|
|
While Q1FY24 PAT growth of 48.9% YoY was higher than consensus estimates, the results were qualitatively weaker in our view as (1) In-spite of delay in monsoon and stronger Apr’23, the revenue growth was muted at 6.7% YoY, (2) volume growth was 330bps higher than revenue growth indicating mix deterioration and higher volumes of low value products such as putty and (3) B2B portfolio (Industrial paints and Projects) has reported double digit revenue growth indicating weaker growth of consumer portfolio.
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|
26 Jul 2023
|
Asian Paints
|
Axis Direct
|
2537.30
|
3500.00
|
3373.00
(-24.78%)
|
|
Hold
|
|
|
With an3% upside from the CMP, we downgrade the stock to Hold
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|
26 Jul 2023
|
Asian Paints
|
SMC online
|
2537.30
|
|
3373.00
(-24.78%)
|
|
Results Update
|
|
|
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|
26 Jun 2023
|
Asian Paints
|
Geojit BNP Paribas
|
2537.30
|
3448.00
|
3308.15
(-23.30%)
|
Target met |
Hold
|
|
|
|
|
12 May 2023
|
Asian Paints
|
ICICI Direct
|
2537.30
|
3425.00
|
3131.10
(-18.96%)
|
Target met |
Hold
|
|
|
|
|
12 May 2023
|
Asian Paints
|
ICICI Securities Limited
|
2537.30
|
2850.00
|
3131.10
(-18.96%)
|
Target met |
Sell
|
|
|
Asian Paints delivered a big margin beat in 4Q. It highlighted portfolio diversification in analyst meet. While it has the ability to retain input cost correction benefits (in FY24), the willingness may not be there as the template appears to be to keep industry profit pool low as competition intensifies.
|
|
12 May 2023
|
Asian Paints
|
Motilal Oswal
|
2537.30
|
3120.00
|
3131.10
(-18.96%)
|
Target met |
Neutral
|
|
|
|
|
12 May 2023
|
Asian Paints
|
Axis Direct
|
2537.30
|
3450.00
|
3131.10
(-18.96%)
|
Target met |
Buy
|
|
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Recommendation With an 11% upside from the CMP, we maintain our long-term BUY rating on the stock.
|