With a 52-week high of 1,365.35 and a market price of 1,317.70, Asian Paints Ltd. (NSE: ASIANPAINT) is currently trading at a discount. Add to that a dividend yield of 0.68% and analysts’ average price target of 1,390.29, and now is looking like a great time to buy shares in the company.
What is the 52-week high and low for Asian Paints Ltd. (NSE: ASIANPAINT)
Asian Paints Ltd. (NSE: ASIANPAINT) is one of the leading paint companies in India with a 52-week high of Rs. 1539.95 and a 52-week low of Rs. 1167. The company has been in business for over 75 years and is a trusted brand for both home and industrial painting needs. Asian Paints offers a wide range of products for interior, exterior, and protective paints.
What is the current market price for Asian Paints Ltd. (NSE: ASIANPAINT)
Asian Paints Ltd. (NSE: ASIANPAINT) is one of the largest paint companies in India with a market capitalization of over Rs 1 lakh crore. The company has a strong presence in the decorative paints segment with a market share of over 60%. It is also the second largest player in the automotive paints segment with a market share of around 20%.
Asian Paints Ltd. reported a strong set of results for the quarter ended March 31, 2019, with revenue and PAT growing by 22.4% and 25.4%, respectively, on a YoY basis. The growth was driven by healthy volume growth of 11.5% and higher realizations as the company passed on the benefits of higher raw material prices to customers.
The stock of Asian Paints Ltd. is currently trading at Rs 1,608, up 4.3% from its previous close of Rs 1,541 on the National Stock Exchange.
How has Asian Paints Ltd. (NSE: ASIANPAINT)’s stock performed over the past year
Asian Paints Ltd. (NSE: ASIANPAINT) is an Indian company that manufactures, markets and sells paints, coatings and home improvement products. The company’s products are sold under the brand names of Asian Paints, Berger Paints, British Paints, Dyrup and Glidden. Asian Paints has a market capitalization of Rs. 291 billion (US$4.1 billion) as of March 2020.
The stock price of Asian Paints Ltd. has increased by 11.8% over the past year. The company’s share price has been volatile over the past year, with a 52-week high of Rs. 1,294 and a 52-week low of Rs. 964. Asian Paints Ltd.’s stock is trading above its 200-day moving average of Rs. 1,163.65, indicating that the stock is in an uptrend.
Asian Paints Ltd.’s stock has outperformed the Nifty 50 Index, which has declined by 5.6% over the past year. Asian Paints Ltd.’s stock has also outperformed the BSE Sensex Index, which has declined by 3.8% over the past year.
The company’s strong financial performance and positive outlook have driven the stock higher over the past year. Asian Paints reported a net profit of Rs. 10.3 billion (US$143 million) for the quarter ended December 31, 2019, up 21% from Rs. 8.5 billion in the same quarter last year. Revenue for the quarter rose 14% to Rs. 106 billion from Rs 93 billion in the year-ago quarter. For the full year 2019, Asian Paints reported a net profit of Rs 39 billion (US$546 million), up 18% from Rs 33 billion in 2018. Revenue for the year rose 12% to Rs 418 billion from Rs 373 billion in 2018.
Looking ahead, Asian Paints expects double-digit growth in revenue and profit in 2020 on the back of strong demand in its core paint business as well as growth in its other businesses such as home improvement and automotive coatings. The company is well-positioned to benefit from India’s growing economy and rising middle class population.
What analyst recommendations are there for Asian Paints Ltd. (NSE: ASIANPAINT)
Asian Paints Ltd. (NSE: ASIANPAINT) has been given a consensus rating of “Buy” by analysts. They also assigned a 1,700.00 price target on the stock. This rating and price target was issued on February 12th, 2020.
What news stories are affecting Asian Paints Ltd. (NSE: ASIANPAINT)’s stock price today
Asian Paints Ltd. (NSE: ASIANPAINT) is an Indian paint company headquartered in Mumbai, Maharashtra. The company is India’s largest paint manufacturer and ranked as the Decorative Paint Producer globally by Frost & Sullivan.
The company’s stock price is affected by news stories related to the paint industry, the Indian economy, and the company itself. Some recent news stories that have affected Asian Paints Ltd.’s stock price include:
1. The Indian government’s decision to increase import duties on paints and coatings. This has caused Asian Paints Ltd.’s stock price to rise as the company is expected to benefit from higher prices for its products.
2. A slowdown in the Indian economy. This has caused Asian Paints Ltd.’s stock price to fall as the demand for paints and coatings is expected to decrease.
3. reports of strong quarterly results from Asian Paints Ltd. This has caused the company’s stock price to rise as investors are bullish on the company’s future prospects.
How much volume is traded on a typical day for Asian Paints Ltd. (NSE: ASIANPAINT)
Asian Paints Ltd. (NSE: ASIANPAINT) is one of the largest paint companies in India with a market capitalization of over Rs 1 lakh crore. The company has a strong presence in the Indian paint market with a market share of over 45%. Asian Paints Ltd. is the flagship company of the Asian Paints Group, which has a turnover of Rs 16,500 crore. The company has manufacturing plants in India, Nepal, Sri Lanka, and South Africa.
The company’s shares are listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). The stock trades on both exchanges with the symbol ‘ASIANPAINT’.
On a typical day, there is heavy volume traded in Asian Paints Ltd.’s shares. The stock is highly liquid and trades in high volumes on most days. The average daily volume traded on the NSE is around 9 lakh shares. On the BSE, the average daily volume traded is around 3 lakh shares.
What is Asian Paints Ltd.’s (NSE: ASIANPAINT) dividend yield
Asian Paints Ltd. is one of the leading paint companies in India with a dividend yield of 2.4%. The company has a long history dating back to 1942 and is headquartered in Mumbai. Asian Paints has a strong presence in the Indian market with a market share of 54%. The company has a diversified product portfolio with over 20,000 SKUs and operates in 17 countries. Asian Paints is the third-largest paint company in Asia and has a strong brand equity. The company’s products are available in over 1 million retail outlets and it has a distribution network of over 60,000 dealers.
When is Asian Paints Ltd.’s (NSE: ASIANPAINT) next earnings report due out
Asian Paints Ltd. is scheduled to release its next earnings report on Thursday, February 11th. Analysts expect Asian Paints Ltd. to report earnings per share of Rs. 22.73 for the quarter. Asian Paints Ltd. last announced its quarterly earnings results on Thursday, November 12th. The company reported earnings per share of Rs. 20.67 for the quarter, missing analysts’ consensus estimates of Rs. 21.10 by Rs. 0.43. The company had revenue of Rs. 139.70 billion for the quarter, compared to analyst estimates of Rs. 140.32 billion. During the same period in the previous year, the company posted earnings per share of Rs. 17.84.
What price target have analysts set for Asian Paints Ltd. (NSE: ASIANPAINT)
Asian Paints Ltd. (NSE: ASIANPAINT) is one of the leading paint companies in India with a market capitalization of Rs 85,084 crore (US$ 13.09 billion). The company has a strong presence in the decorative paints segment with a market share of 58%. It also has a significant presence in the industrial paints segment.
The company’s shares are listed on the National Stock Exchange of India and the Bombay Stock Exchange.
Asian Paints Ltd. was founded in 1942 and is headquartered in Mumbai, India.
According to analysts, the stock has a price target of Rs 1,500 (US$ 23.31) per share.
Is now a good time to buy shares of Asian Paints Ltd. (NSE: ASIANPAINT)
Asian Paints Ltd, India’s largest paint company, is currently trading at Rs. 1524 per share. Despite a challenging operating environment, the company reported a strong set of earnings for the quarter ended March 2020.
With a revenue growth of 11.6% and a PAT growth of 17.3%, Asian Paints delivered a healthy performance in Q4 FY2020. The company’s strong performance was driven by robust growth in its decorative business, which grew by 16%.
What’s more, Asian Paints has a strong balance sheet with zero debt and a cash reserve of Rs. 14,500 crore. This gives the company ample financial flexibility to navigate the current economic environment.
Given its strong fundamentals and promising outlook, we believe that now is a good time to buy shares of Asian Paints Ltd.