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22 November 2017

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Asian Paints Ltd (Paints / Varnishes)

Last Price 1,162.05
Net Changes 1.75
Volume 231297
Prev Close 1,160.30
1,162.05 1.75 (0.15%)
Date: Nov 22,2017 10:54:59




Index Details Paints / Varnishes


Chart

Stock Price Details

Market Statistics

Open Price 1196 Div Yield (%) 0.89
Buy (Size) 1,163.60(×40) Eps(Rs) 18.15
Sell (Size) 1,164.45(×105) Book Value(Rs) 72.5681382
Buy Quantity 40 Market Cap(Rs.Cr) 111396.44
Sell Quantity 105 Face Value(Rs) 1
Today's High 1196 Market Lot 1
Today's Low 1156 AGM Date Jun
52-Week High 1261.25 Book Closure Date Jun
52-Week Low 850.1 ISIN No. INE021A01026

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 506384482 52.79
Total of Promoter 506384482 52.79
Non Promoter (Institution) 251170203 26.19
Non Promoter (Non-Institution) 201643105 21.02
Total Non Promoter 452813308 47.21
Total Promoter & Non Promoter 959197790 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 959197790 100.00

Company News

20-Nov-2017  RingsideView: Asian Paints
RingsideView: Asian Paints

Demand to improve in H2

The decorative paint business registered a high single-digit volume growth in Q2

Asian Paints held a conference call to discuss the results for the quarter ended September 2017 and the way forward. Managing Director and CEO K B S Anand addressed the call. Highlights:

The decorative paint business of Asian Paints registered a high single- digit volume growth in the September 2017 quarter (Q2) over a year ago. The recovery in the June 2017 quarter from the effects of demonetization was affected due to destocking ahead of the rollout of the goods and services tax (GST) from July. The impact of GST continued through July and a mild bounce-back was seen only in September. The early onset of the festive season aided demand revival.

Material prices in the quarter were stable compared with the June 2017 quarter, helped to an extent by the strong currency. No price revision was taken in Q2. A price increase (2.68%) was taken in May following the price hike (3%) effected
in March 2017.

Production of phthalic anhydride has been discontinued at the Ankleshwar plant in Gujarat since August 2017. There are plans to augment the manufacturing capacity for paints, synthetic resins and emulsions at the location

Both the segments in the home-improvement business. The kitchen business Sleek and the bath business Ess Ess performed better compared with Q1. The automotive coatings joint venture (JV), PPG-AP, witnessed subdued demand from auto original equipment manufacturers (OEMs) and the general industrial business segment. Even the auto refinish business continued to witness challenging conditions.

The performance of industrial coatings JV, AP-PPG, was satisfactory. Units in Nepal, Bangladesh, Oman and Bahrain witnessed good top-line growth. However, currency devaluation in Egypt and foreign exchange unavailability in Ethiopia affected the performance of international operations. The first paint plant at Indonesia commenced operations the September 2017. The initial capacity is 5,000 tonnes a year in a single shift. The stake in the Caribbean region was divested on 24 July 2017.

Market share was not lost to competitors in the states where there is presence. The retail channel is now completely GST-compliant. Transactions with retailers who do not have a GST number have been stopped. The tax rate is expected at 33% in the current fiscal.

Standalone capex is about Rs 1200 crore in the current fiscal year ending March 2018 (FY 2018). The program includes Rs 1000-crore spend on two new paint manufacturing facilities, one each in Mysuru and Vizag in south India. The first phase of both the plants will be commissioned in FY 2019.

Recovery is expected in the latter half of Q2. Coupled with a good monsoon and settling down of the trade channel from the initial hiccups of the GST rollout are expected to boost demand in H2 of FY 2018.

13-Nov-2017  Asian Paints Limited - Analysts/Institutional Investor Meet/Co...
Asian Paints Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Asian Paints Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates
09-Nov-2017  Asian Paints Limited - Updates
Asian Paints Limited - Updates

Asian Paints Limited has informed the Exchange regarding 'a copy of newspaper advertisement published in the Mumbai Edition of Navshakti today relating to Notice of hearing of Petition on Wednesday, 29th November, 2017 for seeking the approval of the Hon?ble National Company Law Tribunal, Mumbai Bench (?NCLT?) to the Scheme of Amalgamation between Asian Paints (International) Limited (?Transferor Company?) and Asian Paints Limited (?Petitioner Company? or ?Transferee Company?).'.
08-Nov-2017  Other announcement of Asian Paints Ltd.
Other announcement of Asian Paints Ltd.

Pursuant to Regulation 47 of the Listing Regulations, please find enclosed a copy of newspaper advertisement published in the Mumbai Edition of Navshakti today relating to Notice of hearing of Petition on Wednesday, 29th November, 2017 for seeking the approval of the Hon'ble National Company Law Tribunal, Mumbai Bench ('NCLT') to the Scheme of Amalgamation between Asian Paints (International) Limited ('Transferor Company') and Asian Paints Limited ('Petitioner Company' or 'Transferee Company'). This is for your information and record.
08-Nov-2017  Asian Paints Limited - Updates
Asian Paints Limited - Updates

Asian Paints Limited has informed the Exchange regarding 'a copy of newspaper advertisement published in the Mumbai Edition of The Free Press Journal today relating to hearing of Petition on Wednesday, 29th November, 2017 for seeking the approval of the Hon?ble National Company Law Tribunal, Mumbai Bench (?NCLT?) to the Scheme of Amalgamation between Asian Paints (International) Limited (?Transferor Company?) and Asian Paints Limited (?Petitioner Company? or ?Transferee Company?).
07-Nov-2017  Other announcement of Asian Paints Ltd.
Other announcement of Asian Paints Ltd.

Pursuant to Regulation 47 of the Listing Regulations, please find enclosed a copy of newspaper advertisement published in the Mumbai Edition of The Free Press Journal today relating to hearing of Petition on Wednesday, 29th November, 2017 for seeking the approval of the Hon'ble National Company Law Tribunal, Mumbai Bench ('NCLT') to the Scheme of Amalgamation between Asian Paints (International) Limited ('Transferor Company') and Asian Paints Limited ('Petitioner Company' or 'Transferee Company'). This is for your information and record.
25-Oct-2017  Board of Asian Paints recommends dividend
Board of Asian Paints recommends dividend

Asian Paints announced that the Board of Directors of the Company at its meeting held on 24 October 2017, inter alia, have recommended the dividend of Rs 2.65 per equity Share (i.e. 265%) , subject to the approval of the shareholders.
25-Oct-2017  Other announcement of Asian Paints Ltd.
Other announcement of Asian Paints Ltd.

Pursuant to Regulation 47 of the Listing Regulations, please find enclosed copies of financial results of the Company for the quarter and half - year ended 30th September, 2017 published in the following newspapers today: i. All India Edition of Business Standard; ii. Mumbai Edition of The Free Press Journal; iii. Mumbai Edition of Navshakti; and iv. Maharashtra Edition of Punyanagri. This is for your information and record.
24-Oct-2017  Asian Paints standalone net profit rises 8.77% in the Septembe...
Asian Paints standalone net profit rises 8.77% in the September 2017 quarter

Net profit of Asian Paints rose 8.77% to Rs 473.45 crore in the quarter ended September 2017 as against Rs 435.27 crore during the previous quarter ended September 2016. Sales rose 16.12% to Rs 3602.20 crore in the quarter ended September 2017 as against Rs 3102.01 crore during the previous quarter ended September 2016.

ParticularsQuarter Ended
 Sep. 2017Sep. 2016% Var.
Sales3602.203102.01 16
OPM %19.9920.35 -
PBDT778.96711.62 9
PBT701.81638.55 10
NP473.45435.27 9
24-Oct-2017  Asian Paints consolidated net profit rises 19.99% in the Septe...
Asian Paints consolidated net profit rises 19.99% in the September 2017 quarter

Net profit of Asian Paints rose 19.99% to Rs 593.66 crore in the quarter ended September 2017 as against Rs 494.76 crore during the previous quarter ended September 2016. Sales rose 14.98% to Rs 4265.23 crore in the quarter ended September 2017 as against Rs 3709.47 crore during the previous quarter ended September 2016.

ParticularsQuarter Ended
 Sep. 2017Sep. 2016% Var.
Sales4265.233709.47 15
OPM %18.7819.02 -
PBDT913.23784.27 16
PBT824.32700.99 18
NP593.66494.76 20
Incorporation Year 1945 
Registered Office 6A Shantinagar,Santacruz (East),
,
Maharashtra-400055
Telephone 91-22-62181000 
Fax 91-22-62181111 
Chairman Ashwin Choksi
Managing Director K B S Anand
Company Secretary Jayesh Merchant 
Auditor B S R & Co LLP/Deloitte Haskins & Sells LLP 
Face Value(Rs)
Market Lot
Listing BSE,NSE 
Registrar TSR Darashaw Ltd
6-10 Haji Moosa,Patrawala Ind.Estate,DrEMoses Rd Mahalaxm,Mumbai - 400 011 
Toll Free number: 1800-425-5501 / 1800-103-5501
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