Company: Asian Paints Ltd. Category: IPO Notes

We cut our EPS estimates for FY20 and FY21 by 6.3%-6.9% on the back of 1) uncertain demand environment in domestic market 2) deterioration in sales mix with higher sales of Putty, Tractor Distempers and emulsions.
May 9, 2019, 11:41 a.m.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 24.20 and Rs. 26.31 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 8% and 9% over 2017 to 2020E respectively.
Jan. 24, 2019, 12:29 p.m.

We increase our FY19 and FY20 EPS by 6.9-6.7% as APNT has posted 24% volume growth in domestic decorative business, first 20% growth number after 3QFY11.
Jan. 22, 2019, 11:37 a.m.

Asian Paints (APNT) has reported significantly lower-than-estimated performance in 2QFY19 led by disappointing realisation growth.
Oct. 23, 2018, 12:03 p.m.

We upgrade Asian Paints from Hold to Accumulate despite ~13% EPS cut as ~24% correction in stock price from the recent peak provides a good opportunity to play a secular growth story.
Oct. 23, 2018, 11:29 a.m.

Asian Paints Ltd is India’s leading paint company and ranked among the top ten Decorative coatings companies in the world.
Aug. 1, 2018, 12:33 p.m.

We believe earnings momentum for APNT is likely to pick up during FY19, even as near-term demand challenges remain. However, valuations at ~55x/ ~46x FY18/FY19 P/E are expensive and limit upside from current levels. Maintain REDUCE.
Jan. 30, 2018, 2:10 p.m.
Author : Equirus | Publisher:

Based on expected EPS of Rs31.6, the stock trades at 37x FY20E earnings, which is lower compared to its average forward multiple of 46x in past three years. Hence, we maintain our BUY rating on the stock with a revised Target Price of Rs1,341 (from Rs 1,354 earlier).
Jan. 24, 2018, 2:50 p.m.

Asian Paints: 3QFY18 Results Update
Jan. 22, 2018, 10:30 a.m.

Asian Paints Ltd - Result Update - REDUCE - TP Rs.1230 - Kotak -
Oct. 28, 2017, 9:42 a.m.