Asian Paints, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 271740.73 Crore) operating in Building Materials sector.
Asian Paints key Products/Revenue Segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Deepak Satwalekar, Mrs.Vibha Paul Rishi, Mr.R Seshasayee, Mrs.Pallavi Shroff, Mr.Suresh Narayanan, Ms.Nehal Vakil, Mr.Jigish Choksi, Ms.Amrita Vakil, Mr.Malav Dani, Mr.Ashwin Dani, Mr.Amit Syngle, Mr.Manish Choksi, Mr.Milind Sarwate. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the company has a total of 96 Crore shares outstanding.
Investment Rationale
The brokerage believes the revenue mix of paint companies has likely deteriorated due to: (1) higher revenue share of projects business, (2)higher revenue growth in industrial paints than decorative paints, and (3) downtrading in decoratives.
Promoter/FII Holdings
Promoters held 52.63 per cent stake in the company as of 31-Dec-2022, while FIIs owned 18.11 per cent, DIIs 9.07 per cent.
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