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Thematic Report on Indian Paint Sector by Asit C Mehta Investment Interrmediates Ltd Bright spots emerge; valuation comfort in leading players We initiate coverage on the Indian paints industry. The sector has seen strong growth at 1.5-2x of GDP historically. It has gone through a tough couple of years due to RM cost volatility, price cuts impacting revenue growth, impact on discretionary demand in the country and concerns related to a slew of new entrants in the market. This has led to a contraction in valuation multiples compared to historical averages for most players. ...
Thematic Report on Indian Paint Sector by Asit C Mehta Investment Interrmediates Ltd
Thematic Report on Indian Paint Sector by Asit C Mehta Investment Interrmediates Ltd
Source: Asit C Mehta Investment Interrmediates Ltd
2024-11-12 02:16:59 pm
Dulux Paints maker Akzo Nobel India's Q2 profit rises on automotive sector demand Paints maker Akzo Nobel India reported a 4% rise in its second-quarter profit on Thursday, mainly driven by a higher demand from the automotive sector, which helped outweigh muted retail demand. The maker of Dulux Paints said its consolidated net profit rose to 979 million rupees ($11.61 million) in the July-September quarter, from 942 million rupees a year ago. Revenue from operations rose 3% to 9.82 billion rupees. For further earnings highlights, (click here) KEY CONTEXT Akz...
Dulux Paints maker Akzo Nobel India's Q2 profit rises on automotive sector demand
Dulux Paints maker Akzo Nobel India's Q2 profit rises on automotive sector demand
Source: Reuters
2024-11-07 02:47:47 pm
Diwali Pick 2024 : Buy Berger Paints India Ltd For Target Rs. 655 By Religare Broking Ltd Consistently surpassing industry growth rates and gaining the market share Berger Paints Limited, incorporated in 1923, is one of the leading manufacturers and sellers of paints and varnishes in India with an established brand. It is present in decorative paint segment (~80% of the sales) and industrial segment. Berger has 29 manufacturing plants in India (including plants of subsidiaries in India), two in Nepal, one each in Poland and Russia, and around 184 stock stations. Its decorative ...
Diwali Pick 2024 : Buy Berger Paints India Ltd For Target Rs. 655 By Religare Broking Ltd
Diwali Pick 2024 : Buy Berger Paints India Ltd For Target Rs. 655 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-29 11:32:57 am
Diwali Technical Pick 2024 : Buy Indigo Paints Ltd For Target Rs. 335 - Nirmal Bang Ltd Indigo Paints Ltd * Monthly chart indicates the stock has given the three year downward sloping trend line with decent volume. * Interesting fact is that stock is trading in upward raising channel suggesting potential up move in near term. * The important oscillators RSI shown strength. * Therefore, Investor can buy the stock at 1640 and on dips to Rs 1520 for a target of Rs 2190 with a strict stop loss placed below Rs 1380.   Buy Indigo Paints Ltd CMP&nbs...
Diwali Technical Pick 2024 : Buy Indigo Paints Ltd For Target Rs. 335 - Nirmal Bang Ltd
Diwali Technical Pick 2024 : Buy Indigo Paints Ltd For Target Rs. 335 - Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-10-24 01:50:03 pm
Berger Paints India beats Q1 profit estimates on lower taxes  Berger Paints India reported first quarter profit above estimates on Friday, helped by lower tax expenses. The company reported consolidated net profit of 3.54 billion rupees ($42.2 million) for the April-June period, largely unchanged from year ago, but above analysts' average estimate of 3.42 billion rupees as per LSEG data. Tax expenses fell 7.7% to 1.12 billion rupees, while discount-spurred volume growth led to revenue rising by 2% to 30.91 billion rupees. For further ...
Berger Paints India beats Q1 profit estimates on lower taxes
Berger Paints India beats Q1 profit estimates on lower taxes
Source: Reuters
2024-08-09 05:00:25 pm
Asian Paints drops on reporting 25% fall in Q1 consolidated net profit Asian Paints is currently trading at Rs. 2913.30, down by 61.10 points or 2.05% from its previous closing of Rs. 2974.40 on the BSE. The scrip opened at Rs. 2870.10 and has touched a high and low of Rs. 2956.75 and Rs. 2848.15 respectively. So far 96799 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2671.00 on 10-May-2024. Last one week high and low of the scrip s...
Asian Paints drops on reporting 25% fall in Q1 consolidated net profit
Asian Paints drops on reporting 25% fall in Q1 consolidated net profit
Source: Accord Fintech
2024-07-18 12:36:10 pm
Production capacity of India's paint sector will double by FY27: CRISIL Paint sector capacity is set to double to nearly 7.8 billion litre per annum (blpa) between financial year (FY) 2024 and 2027 with capital expenditure (capex) of Rs 19,000 crore by organised players including new entrant, as per the CRISIL Ratings. According to the report, due to new entrants, competition has increased between the key players for market share and marketing expenses are likely to hit the profitability of the companies. A large chunk of the capacity expansion, nearly 2.4 ...
Production capacity of India's paint sector will double by FY27: CRISIL
Production capacity of India's paint sector will double by FY27: CRISIL
Source: IANS
2024-06-12 03:26:40 pm
Asian Paints rises as its arm inks pact to acquire 24.3% stake in SCIB Asian Paints is currently trading at Rs. 2879.55, up by 6.35 points or 0.22% from its previous closing of Rs. 2873.20 on the BSE. The scrip opened at Rs. 2875.00 and has touched a high and low of Rs. 2887.00 and Rs. 2862.55 respectively. So far 20593 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2671.00 on 10-May-2024. Last one week high and low of the scrip stoo...
Asian Paints rises as its arm inks pact to acquire 24.3% stake in SCIB
Asian Paints rises as its arm inks pact to acquire 24.3% stake in SCIB
Source: Accord Fintech
2024-05-28 12:15:14 pm
Buy Berger Paints India Ltd For Target Rs.627 - Religare Broking Ltd Double digit volume growth in topline: Berger paints reported consolidated revenue of Rs 2,520cr, which grew by 3.1% YoY led by standalone volume growth of 13.9% and consistent growth in most of its subsidiaries. However price correction to the tune of 5% dragged the value growth. Amongst segments, both decorative & industrial performed well and decorative continue to showcase double digit growth. EBITDA remain impacted: Its gross profit grew by 5.3% YoY but declined by 13.4% QoQ to Rs...
Buy Berger Paints India Ltd For Target Rs.627 - Religare Broking Ltd
Buy Berger Paints India Ltd For Target Rs.627 - Religare Broking Ltd
Source: Religare Broking
2024-05-22 11:00:33 am
Diet Report Paints - Birla Opus offerings to remove pain from paint By Elara Capital Birla Opus offerings to remove pain from paint We interacted with dealers who attended the Birla Opus launch meet recently from different geographies. Our checks reveal adoption of an aggressive stance to grab mind share away from rivals, Asian Paints and Berger Paints. Dealers offering Birla Opus are provided with lucrative offers addressing pain points. We believe Asian Paints (APNT IN, Reduce,...
Diet Report Paints - Birla Opus offerings to remove pain from paint By Elara Capital
Diet Report Paints - Birla Opus offerings to remove pain from paint By Elara Capital
Source: Elara Capital
2024-05-16 10:47:38 am
Asian Paints gains as its arm enters into agreements to set up Ethylene storage, handling facility Asian Paints is currently trading at Rs. 2853.20, up by 25.60 points or 0.91% from its previous closing of Rs. 2827.60 on the BSE. The scrip opened at Rs. 2827.60 and has touched a high and low of Rs. 2871.95 and Rs. 2826.45 respectively. So far 22154 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2705.90 on 03-Apr-2023. Last one week high and low of the scrip sto...
Asian Paints gains as its arm enters into agreements to set up Ethylene storage, handling facility
Asian Paints gains as its arm enters into agreements to set up Ethylene storage, handling facility
Source: Accord Fintech
2024-03-07 11:12:39 am
Technical Pick : Asian Paints Ltd For Target Rs. 3340 - Prabhudas Lilladhar Ltd The stock after witnessing a decent correction has once again attained the long term trendline support zone at 2900 levels where it has shown signs of bottoming out and has indicated a pullback with bias improving. Previously, on two occasions, it had indicated a decent trend reversal from the trendline support zone, and currently, in a similar manner, we anticipate further rise in the coming days with the RSI, hovering near the highly oversold zone has indicated a trend reversal to signal a ...
Technical Pick : Asian Paints Ltd For Target Rs. 3340 - Prabhudas Lilladhar Ltd
Technical Pick : Asian Paints Ltd For Target Rs. 3340 - Prabhudas Lilladhar Ltd
Source: Prabhudas Lilladhar
2024-02-26 11:28:57 am
Asian Paints inches up on acquiring 51% stake in Harind Asian Paints is currently trading at Rs. 2980.50, up by 4.15 points or 0.14% from its previous closing of Rs. 2976.35 on the BSE. The scrip opened at Rs. 2982.00 and has touched a high and low of Rs. 2989.90 and Rs. 2969.00 respectively. So far 600 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2701.00 on 23-Feb-2023. Last one week high and low of the scrip stood ...
Asian Paints inches up on acquiring 51% stake in Harind
Asian Paints inches up on acquiring 51% stake in Harind
Source: Accord Fintech
2024-02-15 10:00:58 am
Hold Kansai Nerolac Paints Ltd For Target Rs. 341 - Prabhudas Lilladher Pvt. Ltd Developing market dynamics key to growth re-rating Quick Pointers: * Volume grew ~9% YoY, decorative volumes grew in double digits led by festive season, PV, 2W revival and coatings also did well * High-single digit volume expected in FY25 with increased salience of NPD We cut our EPS estimates by 1.5%/4.6%/0.4% for FY24/FY25/FY26 given 1) 14% margin guidance for FY24 2) limited scope of margin improvement since price hikes are not expected in near to medium term along with increa...
Hold Kansai Nerolac Paints Ltd For Target Rs. 341 - Prabhudas Lilladher Pvt. Ltd
Hold Kansai Nerolac Paints Ltd For Target Rs. 341 - Prabhudas Lilladher Pvt. Ltd
Source: Prabhudas Liladhar
2024-02-07 02:33:56 pm
Buy Asian Paint Ltd For Target Rs. 3590-3900 - Religare Broking Ltd TECHNICAL OUTLOOK Asian Paint is among the best performer within the paint space, maintaining a steady long uptrend since 2009. It has been witnessing consolidation in a broader consolidation i.e. 2550-3570 for over two years, forming higher lows on the weekly timeframe. It is inching gradually towards the upper band of the range and likely to surpass the same in its third attempt FORWARD PE BAND (x)   TECHNICAL CHART : WEEKLY   INVESTMENT RATIONAL ...
Buy Asian Paint Ltd For Target Rs. 3590-3900 - Religare Broking Ltd
Buy Asian Paint Ltd For Target Rs. 3590-3900 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-12-28 12:52:59 pm
Asian Paints gains as its arm incorporates wholly-owned subsidiary in Qatar Asian Paints is currently trading at Rs. 2995.00, up by 17.15 points or 0.58% from its previous closing of Rs. 2977.85 on the BSE. The scrip opened at Rs. 3013.95 and has touched a high and low of Rs. 3013.95 and Rs. 2985.40 respectively. So far 5459 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2686.15 on 27-Jan-2023. Last one week high and low of the scrip stoo...
Asian Paints gains as its arm incorporates wholly-owned subsidiary in Qatar
Asian Paints gains as its arm incorporates wholly-owned subsidiary in Qatar
Source: Accord Fintech
2023-11-06 10:19:21 am
Buy Berger Paints Ltd For Target Rs.693 - Religare Broking Single digit revenue growth but double digit growth in volumes: Berger paints reported single digit consolidated revenue growth of 3.6% YoY while subdued growth of 8.7% sequentially to Rs 2,767.3cr and its standalone business grew just by 2.8% YoY but volume grew in double digit of 10.9%. Amongst segments decorative business growth was mixed as in the first half it remained subdued because of lower offtake of interior and exterior emulsion, erratic monsoon, high base last year, extended festi...
Buy Berger Paints Ltd For Target Rs.693 - Religare Broking
Buy Berger Paints Ltd For Target Rs.693 - Religare Broking
Source: Religare Broking Ltd
2023-11-04 03:22:23 pm
Berger Paints India surges after reporting 33% rise in Q2 consolidated net profit Berger Paints India is currently trading at Rs. 552.50, up by 3.70 points or 0.67% from its previous closing of Rs. 548.80 on the BSE. The scrip opened at Rs. 542.15 and has touched a high and low of Rs. 554.35 and Rs. 541.60 respectively. So far 51550 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 679.05 on 22-Sep-2023 and a 52 week low of Rs. 439.49 on 03-Feb-2023. Last one week high and low of the scrip stoo...
Berger Paints India surges after reporting 33% rise in Q2 consolidated net profit
Berger Paints India surges after reporting 33% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-11-03 03:07:16 pm
Neutral Asian Paints Ltd For Target Rs.3,100 - Motilal Oswal Financial Services * APNT reported volume growth of 6% in 2QFY24 (est. 8%). The management highlighted a top-line moderation, citing weakened consumer sentiment and emphasizing the sensitivity of demand growth to unpredictable rainfall patterns. Additionally, a decline in demand was observed in rural markets, with urban centers showing better performance than their rural counterparts. * Gross margins currently reside at the highest levels observed in the last 10 quarters. However, looking ahead, there is an ...
Neutral Asian Paints Ltd For Target Rs.3,100 - Motilal Oswal Financial Services
Neutral Asian Paints Ltd For Target Rs.3,100 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-30 11:00:52 am
Neutral Asian Paints Ltd For Target Rs.3,100 - Motilal Oswal Financial Services Muted sales growth; demand improving further * APNT reported volume growth of 6% in 2QFY24 (est. 8%). The management highlighted a top-line moderation, citing weakened consumer sentiment and emphasizing the sensitivity of demand growth to unpredictable rainfall patterns. Additionally, a decline in demand was observed in rural markets, with urban centers showing better performance than their rural counterparts. * Gross margins currently reside at the highest levels observed in the last 1...
Neutral Asian Paints Ltd For Target Rs.3,100 - Motilal Oswal Financial Services
Neutral Asian Paints Ltd For Target Rs.3,100 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-29 09:51:17 am
Buy Asian Paints Ltd For Target Rs.3,939 - Religare Broking Muted revenue growth with volume in single digit: Asian Paints Q2FY24 revenue was flat YoY but sequentially it saw decline of 7.7% to Rs 8,478.6cr because of the weak consumer sentiments, erratic monsoon as well as festive sales shifting to the next quarter (Q3FY24). Thus, its domestic decorative sales (contributes ~82% of sales) posted flat value growth and single digit volume growth 6% YoY. Also its international business (~9.1% of sales) growth remained muted due to macro-economic challeng...
Buy Asian Paints Ltd For Target Rs.3,939 - Religare Broking
Buy Asian Paints Ltd For Target Rs.3,939 - Religare Broking
Source: Religare Broking Ltd
2023-10-28 11:23:11 am
Paints, tyres & aviation stocks to be under pressure from rising crude prices Concerns regarding the spread of the Israel-Hamas conflict have triggered a sharp spike in Brent crude to above $90 and safe-haven buying has pushed gold to above $1900, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.The anxiety of the market is reflected in the CBOE VIX spiking above 19. "From the geopolitical perspective, we are in uncharted territory and, therefore, prudence demands that investors remain cautious," he said.Holding cash would be a good s...
Paints, tyres & aviation stocks to be under pressure from rising crude prices
Paints, tyres & aviation stocks to be under pressure from rising crude prices
Source: IANS
2023-10-16 02:57:20 pm
Fine Organic Industries moves up on incorporating wholly owned subsidiary Fine Organic Industries is currently trading at Rs. 4878.55, up by 39.15 points or 0.81% from its previous closing of Rs. 4839.40 on the BSE.The scrip opened at Rs. 4899.95 and has touched a high and low of Rs. 4901.85 and Rs. 4878.55 respectively. So far 64 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 7316.00 on 17-Oct-2022 and a 52 week low of Rs. 4030.65 on 21-Mar-2023.Last one week high and low of the scrip stood at Rs. 49...
Fine Organic Industries moves up on incorporating wholly owned subsidiary
Fine Organic Industries moves up on incorporating wholly owned subsidiary
Source: Accord Fintech
2023-10-11 10:41:47 am
Kansai Nerolac Paints trades higher on the BSE Kansai Nerolac Paints is currently trading at Rs. 325.80, up by 1.30 points or 0.40% from its previous closing of Rs. 324.50 on the BSE.The scrip opened at Rs. 329.95 and has touched a high and low of Rs. 330.40 and Rs. 324.00 respectively. So far 8957 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 354.00 on 03-Aug-2023 and a 52 week low of Rs. 247.47 on 24-Apr-2023.Last one week high and low of the scrip stood at Rs. 333.95 and...
Kansai Nerolac Paints trades higher on the BSE
Kansai Nerolac Paints trades higher on the BSE
Source: Accord Fintech
2023-09-26 12:21:45 pm
Indigo Paints rises on commencing commercial production at manufacturing facility in Tamil Nadu Indigo Paints is currently trading at Rs. 1538.20, up by 2.70 points or 0.18% from its previous closing of Rs. 1535.50 on the BSE.The scrip opened at Rs. 1530.05 and has touched a high and low of Rs. 1550.20 and Rs. 1528.30 respectively. So far 6355 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1700.00 on 08-Aug-2023 and a 52 week low of Rs. 981.05 on 28-Mar-2023.Last one week high and low of the scrip stood at Rs. 1603.50 and...
Indigo Paints rises on commencing commercial production at manufacturing facility in Tamil Nadu
Indigo Paints rises on commencing commercial production at manufacturing facility in Tamil Nadu
Source: Accord Fintech
2023-09-18 01:40:40pm