Add Akzo Nobel India, target price Rs 2050: ICICI Securities

ICICI Securities has add call on Akzo Nobel India with a target price of Rs 2050. The current market price of Akzo Nobel India is Rs 2001.9. 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 9167.27 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 30-06-2022, the company reported a Consolidated Total Income of Rs 941.80 Crore, up 7.98 % from last quarter Total Income of Rs 872.20 Crore and up 48.06 % from last year same quarter Total Income of Rs 636.11 Crore. Company reported net profit after tax of Rs 76.90 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.