Stock Name : Asian Paints Ltd/Tips Open Buy : 2,536 Posted Date : Dec 14, 2020
Stopless/Horizon : 2409 Target : 2916 Results Achieved (Yes/No) :

Overview: Established in 1942, Asian Paints limited manufactures a wide range of paints for both decorative and industrial use. It is a Large Cap company with a market capital of Rs 233924.36 Crore.

About the company:The Asian Paints group is the largest paint manufacturer in India. About 80% of the company’s revenue comes from decorative paints and the remaining from industrial paints and overseas operations. Asian Paint’s operations span India and 15 countries in South-East Asia, South Asia, Africa, the Middle East, and South Pacific Islands through subsidiaries and joint ventures.

It has eight decorative paints plants in Ankleshwar (Gujarat), Medak (Andhra Pradesh), Kasna (Uttar Pradesh), Sriperumbudur (Tamil Nadu), Rohtak (Haryana), Khandala (Maharashtra), Mysuru (Karnataka) and Visakhapatnam (Andhra Pradesh) and the company’s industrial paint plant is located in Taloja, Maharashtra and a penta plant in Cuddalore, Tamil Nadu.

Asian Paints has eight corporate brands such as Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Causeway Paints and Kadisco.Asian Paintsproduces automotive industrial coatings under PPG Asian Paints Pvt Ltd.

In 2013, Asian Paints with acquired 51% stake in Sleek group (kitchen and wardrobe solutions provider) and later in 2017, Asian Paints acquired the balance 49% in sleek from its erstwhile promoters. Sleek is now a wholly owned subsidiary of the company.

In 2014, Asian Paints acquired the entire EssEss Bathroom products Pvt Ltd (EssEss is a prominent player in the bath segment).

Asian Paint’s Sales infrastructure is strong and comprises numerous stock points and a network of over 60,000 dealers with around 46,000 colour tinting machines.

Management: Mr Amit Syngle is the MD & CEO and Mr Ashwin Dani is the Non-Executive Chairmanof Asian Paints ltd.

Shareholding Pattern (By September 2020):
• Promoter: 52.8%
• MF: 3.2%
• FII: 19.8%
• Other Institutions: 5%
• Public: 19.2%

Dividend:Asian Paints has declared an equity dividend of 1200.00% amounting to Rs 12 per share for the year ending March 2020.

Sales Report:For the latest quarter (30 September 2020), Asian Paints reported a Consolidated saleof Rs 5350.23 Crore, which is up 83.06 % from last quarter’ssales of Rs 2922.66 Crore and up 5.93 % from last year’s same quarter sales of Rs 5050.66 Crore. The company’s net profit rise 1.16% to Rs 851.9 crore in Q2 September 2020 over Q2 September 2019.

Maruti Suzuki India’s net profit after tax for the quarter ended September 2020 is Rs 1362.40 Crore.

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