Buy Akzo Nobel India, target price Rs 2800: ICICI Securities

ICICI Securities has buy call on Akzo Nobel India with a target price of Rs 2800. The current market price of Akzo Nobel India Ltd. is Rs 2127.

Akzo Nobel India Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 9729.23 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 30-09-2022, the company reported a Consolidated Total Income of Rs 931.01 Crore, down -1.15 % from last quarter Total Income of Rs 941.80 Crore and up 25.15 % from last year same quarter Total Income of Rs 743.90 Crore. Company reported net profit after tax of Rs 65.40 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.