Asian Paints Ltd - 500820 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hiren Ashwin Gandhi Asian Paints Ltd - 500820 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Asian Paints Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate. Asian Paints Ltd - 500820 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Asian Paints Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate. ASIAN PAINTS LTD. - 500820 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Asian Paints Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate. Asian Paints Ltd - 500820 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform you that the Company through its representatives will be participating in the Investor Meetings as enclosed in the attachment. The schedule may undergo change due to exigencies on the part of Investors/Company. This is for your information and record. Asian Paints Ltd - 500820 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Asian Paints Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate.
Asian Paints colors its results bright green, but risks remain
By Suhani Adilabadkar Asian Paints' evolution from a paint manufacturer to a ‘curator of colours and design’, and transformer of living spaces has been a successful rebrand for the firm. The company (which is in 15 stock screeners) is the Market Leader of the Indian Paint Industry and operates through 25 facilities globally, manufacturing paints for decorative, automotive and industrial use. The product portfolio also encompasses waterproofing, wall coverings, Kitchen and bath fittings, adhesives and painting tools. Quick Takes Aided by the delayed festive season and double-digit volume growth in decorative business, Asian Paints reported 24% revenue growth YoY and 14% sequentially in the December quarter Asian Paints functions in a highly cyclical industry that is strongly co-related with GDP growth. It was adversely impacted by demonetization and GST upheaval. ‘Homes Re-imagined’ is the mantra of Asian Paints Mobile App which through its ‘Visualise’ feature allows customers to upload a picture of their room and visualize it in different colours. Asian Paints has transformed itself into a service oriented decorative coating company that is the third largest in Asia The company is expanding capacity with new plants in Vizag and Mysuru, as income tax rebates and focus on affordable housing provide a boost to the firm Risks: Rising crude and depreciating rupee dented profitability in the past few months as the company is import dependent for its raw materials with 30% sourced from crude derivatives. December Quarter Results The December quarter results were a sparkler for the company. Aided by delayed festive season and double-digit volume growth in decorative business which contributes 77% of total revenues, Asian Paints reported strong top-line numbers with 24% revenue growth YoY and 14% sequentially. Revenue stood at Rs. 5294 cr in Q3 FY19 against Rs. 4260 in the same period previous year. After a subdued performance in the September quarter, both EBDITA and PAT bounced back with 17% and 15% YoY growth and 33% and 27% sequentially in Q3 FY19. Operating Margin at 19.7% declined 122 basis points impacted by higher cost of material which rose 24% YoY. Net Profit Margin was lower by 100 basis points YoY at 11.93% dented by higher depreciation and employee cost on account of commissioning of Mysuru plant in December quarter. With respect to the company’s quarterly performance, MD and CEO, K.B.S. Anand clarified that “Increased volatility and challenging business conditions" had marked the quarter gone by. "On the domestic macro front", he noted, "growth trends still remain uncertain and the volatility in crude prices and exchange rates have only added to the uncertainty”. Asian Paints functions in a highly cyclical industry strongly co-related with GDP growth, and has been moving in a slow lane from the past one and a half years mainly driven by demonetization and GST upheaval. Rising crude and depreciating rupee thus also dented profitability in the past few months as the company is import dependent for its raw materials with 30% sourced from crude derivatives. Though rupee appreciation and decline in crude prices offered some respite in the latter part of the quarter, the management expects these volatile variables and upcoming general elections to impact demand situation in the coming quarters. Ready for the Future For Indians, painting one’s home was an annual ritual some years ago, driven either by necessity or religious sentiment. Over the years however, Asian Paints transformed itself as one of the strongest discretionary brands in India, working to move past its perception as a 'paint box' firm. The Colouridea stores for instance provide end-to-end home décor solutions, from colour personalisation to painting execution and furnishings. AP Homes adds further with waterproofing, wallpaper, kitchens, bath and light fittings and soft furnishings etc. Next in sequence, the Colour Consultancy gives the option of expert assistance through free-sessions with Asian Paints colour consultants. Similarly, ‘Homes Re-imagined’ is the mantra of Asian Paints Mobile App. Asian Paints has maintained its number one position in the market, gaining 20% market share over the last 20 years through strong customer focus aided by robust IT infrastructure. This present digital avatar of Asian Paints was initially undertaken to check debt in the early ears of 2000 and the company was an early bird implementing ERP and Supply Chain Management which led to streamlining customer processes, enhancing revenues and improved working capital. The company grew at a CAGR of 20% between 2002-12. Expanding capacity with optimistic projections Currently with 1.15 Mn KL per annum in capacity and the upcoming mega plants at Vizag and Mysuru with 1.1 Mn KL capacity, Asian Paints will claim more than 60% capacity in the entire domestic market. The company is highly optimistic about future demand and its estimations seems to have borne fruit in the recently announced union budget, with its focus on housing and affordable homes. With income tax exemptions and rebates announced by the government, discretionary spending is set to increase by the Indian middle-class, potentially propelling housing sector growth to new heights. Asian Paints being one of the strongest discretionary brands closed 3% higher at the end of the budget day. The stock has already given 1100% returns over the last 10 years, and investors are expecting even more. Asian Paints Ltd - 500820 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Asian Paints Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate. Broker's call: Asian Paints (Buy)
Reliance SecuritiesAsian Paints (Buy)CMP: 1,412.65Target: 1,550We re-initiate coverage on Asian Paints with a Buy' recommendation.It reported a ste Asian Paints Ltd - 500820 - Loss of Share Certificate / Issue of Duplicate Share Certificate
Asian Paints Ltd has informed BSE regarding Loss of Share Certificate / Issue of Duplicate Share Certificate.