Hold Kansai Nerolac Paints, target price Rs 460: ICICI Securities
Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 26398.98 Crore) operating in Building Materials sector.
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Promoters held 74.99 per cent stake in the company as of March 31, 2020, while FIIs held 3.93 per cent, DIIs 12.01 per cent and public and others 9.07 per cent.
ICICI Securities has hold call on Kansai Nerolac Paints Ltd. with a target price of Rs 460.0. The current market price of Kansai Nerolac Paints Ltd. is Rs 490.0 .
Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 26398.98 Crore) operating in Building Materials sector.
Kansai Nerolac Paints Ltd. key Products/Revenue Segments include Paints which contributed Rs 4915.20 Crore to Sales Value (99.43 % of Total Sales), Scrap which contributed Rs 15.50 Crore to Sales Value (0.31 % of Total Sales) and Other Operating Revenue which contributed Rs 12.47 Crore to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2020.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 631.37 Crore, down 41.14 % from last quarter Sales of Rs 1072.72 Crore and down 58.82 % from last year same quarter Sales of Rs 1533.30 Crore. The Company reported net profit after tax of Rs 29.64 Crore in latest quarter. Promoter/FII Holdings Promoters held 74.99 per cent stake in the company as of March 31, 2020, while FIIs held 3.93 per cent, DIIs 12.01 per cent and public and others 9.07 per cent.
