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Name of Company | Asian Paints |
BSE Code | 500820 |
NSE Code | ASIANPAINT |
ICICI Code | |
Established | |
My Take | Like |
Headquarters | Mumbai |
Promoters | |
Story | Largest paint company in India. One of the largest in the world. Operations in 17 countries. Subsidiaries include Berger International (SE Asia, Caribbean and Middle east), SCIB Paints – Egypt, Apco coatings, Taubmans. |
Sector | Paints |
Sub-sector | |
Website | |
Positives | Regular dividend (assuming Rs. 15) expected dividend yield is 0.5%. Zero debt company(around 72 Cr for a 774 Cr profit). 50% promoter holding. Huge institutional holding as well. From 2300 Cr to 5100 Cr revenue increase from FY06 to FY10. Profit has grown from 186 Cr to 774 Cr. Regularly profitable company. NPMs have been between 8-10% except for FY10 when it was 15%. 1461 Cr reserves in FY10. |
Negatives | High PE's. |
Peers | |
News | |
Price @ blogged | 2603.40 (20-Oct-10) |
Cost of company | 25K Cr for a FY10 profit of 774 Cr, which translates to 34 times. |
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