Add Akzo Nobel India, target price Rs 2000: ICICI Securities

ICICI Securities has add call on Akzo Nobel India with a target price of Rs 2000. The current market price of Akzo Nobel India is Rs 1935. Time period given by analyst is one year when Akzo Nobel India Ltd. price can reach defined target.

Akzo Nobel India Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 8780.17 Crore) operating in Building Materials sector.

Akzo Nobel India Ltd. key Products/Revenue Segments include Paint, Varnishes & Enamels, Sale of services, Other Operating Revenue, Lease Rentals, Scrap and Duty Drawback for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 872.20 Crore, down -5.10 % from last quarter Total Income of Rs 919.06 Crore and up 10.81 % from last year same quarter Total Income of Rs 787.10 Crore. Company reported net profit after tax of Rs 74.70 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74.76 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.75 per cent, DIIs 10.37 per cent.