Asian Paints Ltd. share price target

However, the near-term challenge still persists and we would wait to see if the visibility of the near term performance sustains before we change our rating to BUY. We continue to maintain our HOLD rating with an unchanged TP of Rs 3,200 (57x FY24E EPS).

construction activities. The decorative paint segment constitutes around 74% of total paint sales, resulting in the paint sector growing at a robust...

EBITDA margin declined by 825bps YoY to 18.1% due to inflationary pressure on input prices. However, sequentially, margins improved by 534bps YoY led by price hikes. PAT declined by 18% YoY on account of weak operating margins which was partially offset by lower tax outgo. The company has taken a price hike of 18% to 22% on a YTD basis to mitigate the pressure on input cost. The company expects the overall impact on margins to be visible in Q4....

Asian Paints consolidated net sales increased 25.61% to Rs 8527.24 crore in Q3FY22 compared (accounting for 2.45% of total sales). Operating profit margin has declined from 26.34% to 18.09%, leading to 13.74% decline in operating profit to Rs 1,542.31 crore. Raw material cost...

Despite being in a capital intensive business, the company has maintained a strong balance sheet with RoCE, RoE of 31%, 27%, respectively Q3FY22 Results: The Q3 performance was ahead of our estimates on all fronts led...

We revise our rating to HOLD (BUY earlier) with a revised TP of Rs. 3,200 (Rs. 3,300 earlier) we continue to value the stock at 57x FY24E EPS.