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1 Comment
Asian Paints Limited is currently in a long term uptrend where the price is trading 19.5% above its 200 day moving average.
From a valuation standpoint, the stock is 99.5% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 12.5.
Asian Paints Limited's total revenue rose by 25.2% to $68B since the same quarter in the previous year.
Its net income has increased by 62.0% to $12B since the same quarter in the previous year.
Finally, its free cash flow fell by 3.8% to $12B since the same quarter in the previous year.
Based on the above factors, Asian Paints Limited gets an overall score of 4/5.
Exchange | NSE |
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CurrencyCode | INR |
Sector | Basic Materials |
Industry | Specialty Chemicals |
ISIN | INE021A01026 |
Market Cap | 2T |
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Target Price | 2407.5 |
Dividend Yield | 1.3% |
Beta | 0.39 |
PE Ratio | 55.55 |
Asian Paints Limited, together with its subsidiaries, engages in the manufacturing, selling, and distribution of paints, coatings, and products related to home decoration and bath fittings in Asia, the Middle East, Africa, and the South Pacific region. The company offers wall coverings; textures painting aids; waterproofing products; wall stickers; mechanized tools; adhesives; modular kitchens and wardrobes; bath fittings and sanitaryware; decorative lighting products; fabrics, furniture, furnishings, and rugs; and unplasticized polyvinyl chloride windows and door systems, as well as personalized interior design, safe painting, and color consulting services. It also provides interior and exterior wall finishes, wood finishes, enamels, tools, undercoats, thinners, and varnishers. The company offers its products under the Asian Paints, SCIB Paints, Apco Coatings, Asian Paints Berger, Taubman, Asian Paints Causeway, and Kadisco Asian Paints brand names through a network of dealers and retail stores, as well as operates asianpaints.com, an online shop. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.
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