Buy Asian Paints, price target Rs 1,945: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Asian Paints Ltd. with a target price of Rs 1945.0 . The current price of Asian Paints Ltd. is Rs 1870.35 . Dharmesh Shah recommended to keep a stoploss at Rs 1819 .

Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 179403.56 Crore) operating in Building Materials sector.

Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black which contributed Rs 14316.13 Crore to Sales Value (98.32 % of Total Sales), Subsidy which contributed Rs 162.36 Crore to Sales Value (1.11 % of Total Sales), Processing Charges which contributed Rs 59.21 Crore to Sales Value (0.40 % of Total Sales), Sale of services which contributed Rs 13.04 Crore to Sales Value (0.08 % of Total Sales) and Scrap which contributed Rs 8.81 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 5420.28 Crore, up 7.32 % from last quarter Sales of Rs 5050.66 Crore and up 2.39 % from last year same quarter Sales of Rs 5293.99 Crore Company has reported net profit after tax of Rs 760.50 Crore in latest quarter.

The company’s top management includes Dr.S Sivaram, Mrs.Vibha Paul Rishi, Mr.S Ramadorai, Mr.R Seshasayee, Mr.Malav Dani, Mr.Mahendra Shah, Mr.Mahendra Choksi, Mr.M K Sharma, Mr.K B S Anand, Mr.Deepak Satwalekar, Mr.Ashwin Dani, Mr.Ashwin Choksi, Mr.Abhay Vakil, Ms.Amrita Vakil. Company has Deloitte Haskins & Sells LLP as its auditors As on 31-12-2019, the company has a total of 959,197,790 shares outstanding.