ASIANPAINT

UPDATE 26-08-18 TIME: 7:30 PM

Asian Paints

This Large Cap stock with Good quality but Expensive valuation looks Mildly Positive for Long Term. Also, with Flat quarterly financial trend and Bullish technicals, it looks Mildly Positive for Near Term.

Quarterly Financial Trend — FLAT

PAT (Q) Highest at Rs 559.85 cr. ROCE (HY) Lowest at 39.16 % Debtors Turnover Ratio (HY) Lowest at 15.17 times

Technicals  –BULLISH

Technical trend turned Bullish from Mildly Bullish on 06 Jul 2018 at Rs 1322.8

Moving Averages (daily) turned Bullish from Mildly Bearish on 15 May 2018 at Rs 1310.05

MACD (weekly) turned Bullish from Mildly Bullish on 27 Apr 2018 at Rs 1184.45

Quality — GOOD

Good quality company basis long term financial performance. Largest company in Paints sector

Valuation — EXPENSIVE

Over the last year, Price (22.54%) has increased more than Earnings (18.44%)

At the current stock price and financial performance the stock has Expensive valuation

1 Week Return 0.01% Underperformed both Sector by -0.17% and Sensex by -1.55%

1 Month Return -5.06% Underperformed both Sector by -2.67% and Sensex by -8.93%

Year To Date Return 20.26% Outperformed both Sector By 6.34% and Sensex By 7.94%

1 Year Return 22.54% Outperformed both Sector By 1.29% and Sensex By 1.48%

Performance Today : Inline with Sector

Consecutive Fall: Stock has been losing for the last 3 days and has fallen -1.16% in the period

Price Flat with Higher Volumes: Price has been relatively flat with a change of -0.10% while Vol has risen by 90.66% (Vol compared with 5 day avg vol till 12:15 PM)

Moving Averages: Stock has traded higher than 50 day, 100 day and 200 day moving average but lower than 5 day and 20 day moving average.

Falling Investor Participation: Delivery Vol of 4.00 lacs on 24 Aug has fallen by -30.97% against 5-day avg delivery vol

Ndustry — Paints

Market cap Rs 1,34,134 Cr (Large Cap) — P/E — 61.83 / Industry P/E — 57.37 / Dividend Yield — 0.62 %

Debt Equity -0.11 / Return on Equity — 24.24 % / Price to Book 15.95 / Net Sales — Rs 4,398.59 cr / Net Profit (Quarterly Results – Jun 2018) Rs 558.02 Cr

Standalone Quarterly Results

Total Operating income 3,706.24 3,775.35 -1.83%
Net Sales 3,706.24 3,775.35 -1.83%
Other Operating Income 0.00 0.00
Total Expenditure (Excl Depreciation) 2,881.41 2,989.99 -3.63%
Raw Material Cost 2,016.37 1,952.97 3.25%
Purchase of Finished goods 211.50 215.81 -2.00%
(Increase) / Decrease In Stocks -175.36 -80.33 -118.30%
Employee Cost 215.73 193.30 11.60%
Power Cost 0.00 0.00
Manufacturing Expenses 613.17 708.24 -13.42%
Selling and Distribution Expenses 0.00 0.00
Other Expenses 0.00 0.00
Operating Profit (PBDIT) excl Other Income 824.83 785.36 5.03%
Other Income 68.86 59.16 16.40%
Operating Profit (PBDIT) 893.69 844.52 5.82%
Interest 4.76 6.60 -27.88%
Exceptional Items 0.00 0.00
Gross Profit (PBDT) 888.93 837.92 6.09%
Depreciation 78.96 80.07 -1.39%
Profit Before Tax 809.97 757.85 6.88%
Tax 267.34 266.28 0.40%
Provisions and contingencies 0.00 0.00
Profit After Tax 542.63 491.57 10.39%
Extraordinary Items 0.00 0.00
Prior Period Expenses 0.00 0.00
Other Adjustments 0.00 0.00
Net Profit 542.63 491.57 10.39%
Equity Capital 95.92 95.92
Face Value (IN RS) 1.00 1.00
Reserves 0.00 0.00
Earnings per share (EPS) 5.66 5.12 10.39%
Diluted Earnings per share 5.66 5.12 10.55%
Operating Profit Margin (Excl OI) 22.26% 20.80% 1.45%
Gross Profit Margin 23.98% 22.19% 1.79%
PAT Margin 14.64% 13.02% 1.62%
Public Share Holdings (%) 0.00% 0.00%
Pledged Promotor Holding (%) 0.00% 0.00%

Share Holding Pattern

ASIANPAINT
ASIANPAINT