Trending stocks: Asian Paints shares flat in early session

NEW DELHI: Shares of Asian Paints Ltd. traded 0.17 per cent up in Friday's trade at 10:54AM (IST). Around 27,638 shares changed hands on the counter.

The stock opened at Rs 1530.0 and touched an intraday high and low of Rs 1538.75 and Rs 1510.15, respectively, in the session so far. Shares of the company of Asian Paints Ltd. quoted a 52-week high of Rs 1915.9 and a 52-week low of Rs 1291.45.

Total market cap of the Asian Paints Ltd. stood at Rs 146714.1 crore at the time of writing this report.


Instead of slashing pay and jobs — standard industry responses to the current demand destruction — India's biggest paints maker is raising salaries to boost staff morale.

Key Financials
The company reported consolidated sales of Rs 5420.28 crore for the quarter ended 31-Dec-2019, up 7.32 per cent from previous quarter's Rs 5050.66 crore and up 2.39 per cent from the year-ago quarter's Rs 5293.99 crore.

The net profit for latest quarter stood at Rs 764.43 crore, up 20.27 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 4.47 per cent stake in the firm, while foreign institutional investors held 17.21 per cent and the promoters 52.79 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 54.01 and a price-to-book ratio of 14.85. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Asian Paints Ltd. belongs to the Paints/Varnishes industry.