Hold Kansai Nerolac Paints, target price Rs 415: ICICI Securities

ICICI Securities hold call on Kansai Nerolac Paints Ltd. with a target price of Rs 415. The current market price of Kansai Nerolac Paints Ltd. is Rs 400.75 Time period given by analyst is one year when Kansai Nerolac Paints Ltd. price can reach defined target.

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 21556.79 Crore) operating in Building Materials sector.

Kansai Nerolac Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1535.63 Crore, down -15.64 % from last quarter Total Income of Rs 1820.31 Crore and up 4.43 % from last year same quarter Total Income of Rs 1470.50 Crore. Company reported net profit after tax of Rs 19.17 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 31-Mar-2022, while FIIs owned 3.55 per cent, DIIs 13.21 per cent.