Fundamental Analysis
AKZO NOBEL INDIA LTD.
Ticker : 500710
BUY: Rs.1951.05
Target: Rs.2170
52-Week H/L: Rs.2060/1471
FV: Rs.10
Equity: Rs.45.54Cr.
Akzo Nobel India Limited is engaged in manufacturing and marketing of paints, specialty chemicals, and adhesives. The Company owns two paint brands, namely, Dulux and Duco. The company is in the business activities of Coatings, too. On the standalone financial front, the net sales stood in Q1FY20 was at Rs. 367 Crore, increasing by 54.47 per cent on a Y-o-Y basis. The PBIDT jumped 5 per cent in Q1 FY20 to Rs. 29.1 Crore from Rs. 27.52 Crore posted in Q1 FY19. The PAT in Q1 FY20 stood at Rs. 21.93 Crore, depicting a growth of 30 per cent from that of the same quarter of the previous year. The stock of the company is gaining 4 days straight. The stock is currently trading at a PE of 15.79x. We recommend a BUY.