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Economic Times
13-05-2025
- Business
- Economic Times
Reduce Asian Paints, target price Rs 2,000: ICICI Securities
Agencies Asian Paints Dividend History Asian Paints' key products/revenue segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 8458.76 crore, down -2.69 % from last quarter Total Income of Rs 8692.44 crore and down -5.15% from last year same quarter Total Income of Rs 8917.87 crore. The company has reported net profit after tax of Rs 677.78 crore in the latest quarter. The company's top management includes Mr.R Seshasayee, Bhattacharya, Vittal, Sarwate, Vakil, Choksi, Vakil, Dani, Syngle, Choksi, Katragadda. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 96 Crore shares outstanding. Investment Rationale Live Events Promoter/FII Holdings Promoters held 52.63 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.22 per cent, DIIs 15.51 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has a Reduce call on Asian Paints with a target price of Rs 2,000. The current market price of Asian Paints is Rs 2,360.35. Asian Paints, incorporated in 1945, is a Large Cap company with a market cap of Rs 225123.72 crore, operating in Building Materials Paints' key products/revenue segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 8458.76 crore, down -2.69 % from last quarter Total Income of Rs 8692.44 crore and down -5.15% from last year same quarter Total Income of Rs 8917.87 crore. The company has reported net profit after tax of Rs 677.78 crore in the latest company's top management includes Mr.R Seshasayee, Bhattacharya, Vittal, Sarwate, Vakil, Choksi, Vakil, Dani, Syngle, Choksi, Katragadda. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 96 Crore shares Securities smodel Asian Paints to report revenue and PAT CAGR of 6.7% and 4.6%, respectively over FY25-27. With aggressive capex and impact on margins, RoCE is also expected to decline over FY25-27. The brokerage maintains REDUCE with DCF-based unchanged target price of Rs 2,000 (implied target P/E of 43x FY27E). Key risks are steep correction in commodity prices and better-than-expected success of new held 52.63 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.22 per cent, DIIs 15.51 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
13-05-2025
- Business
- Time of India
Reduce Asian Paints, target price Rs 2,000: ICICI Securities
ICICI Securities has a Reduce call on Asian Paints with a target price of Rs 2,000. The current market price of Asian Paints is Rs 2,360.35. Asian Paints, incorporated in 1945, is a Large Cap company with a market cap of Rs 225123.72 crore, operating in Building Materials sector. Asian Paints' key products/revenue segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 8458.76 crore, down -2.69 % from last quarter Total Income of Rs 8692.44 crore and down -5.15% from last year same quarter Total Income of Rs 8917.87 crore. The company has reported net profit after tax of Rs 677.78 crore in the latest quarter. The company's top management includes Mr.R Seshasayee, Bhattacharya, Vittal, Sarwate, Vakil, Choksi, Vakil, Dani, Syngle, Choksi, Katragadda. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 96 Crore shares outstanding. Investment Rationale ICICI Securities smodel Asian Paints to report revenue and PAT CAGR of 6.7% and 4.6%, respectively over FY25-27. With aggressive capex and impact on margins, RoCE is also expected to decline over FY25-27. The brokerage maintains REDUCE with DCF-based unchanged target price of Rs 2,000 (implied target P/E of 43x FY27E). Key risks are steep correction in commodity prices and better-than-expected success of new products. Promoter/FII Holdings Promoters held 52.63 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.22 per cent, DIIs 15.51 per cent.
