Asian paints bottomline up 18% - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Asian paints bottomline up 18%

Jul 24, 2000

Asian paints has posted a 18% growth in net profit on a 11% growth in gross sales for the first quarter ended FY01. The operating margins have also gone up from 13% in 1QFY00 to 14% in 1QFY01 with operating profits up sharply by 16%. Buoyed by good demand growth in the rural sector and improved performance for the current year from the "Colour World" boosted the topline. The number of Colour World as on June 30, 2000 stands at 964. But a depreciating rupee and the increasing raw material prices could possibly affect the bottomline growth of the company.

(Rs m)1QFY001QFY01Change
Sales 2,287 2,495 9.1%
Other Income 29.2 30.3 3.8%
Expenditure 1,960 2,119 8.1%
Operating Profit (EBDIT) 298 346 16.3%
Operating Profit Margin (%)13.0%13.9% 
Interest 58 51 -11.6%
Depreciation 68 80 16.9%
Profit before Tax23027620.0%
Other Adjustments - -  
Tax 74 91 24.2%
Profit after Tax/(Loss) 157 185 18.0%
Net profit margin (%)6.8%7.4% 
No. of Shares (eoy) (m) 40.1 40.1  
Diluted number of shares 40.1 40.1  
Diluted Earnings per share*15.618.4 
However, as the supply-chain engine goes live within 45 days, the operational efficiency is expected to increase along with the implementation of the ERP solution that is expected to be completed by the end of the current year. The festive season also is expected to be better thanks to good south west monsoons.

The stock is currently trading at Rs 430 at a P/E multiple of 23 on the annualised first quarter FY01 earnings.

Equitymaster requests your view! Post a comment on "Asian paints bottomline up 18% ". Click here!


More Views on News

Asian Paints vs Berger Paints: Which is Better? (Views On News)

Dec 2, 2021

These companies are competing head on to grab the largest pie of a Rs 500 bn market.

ASIAN PAINTS Announces Quarterly Results (2QFY22); Net Profit Down 29.2% (Quarterly Result Update)

Oct 26, 2021 | Updated on Oct 26, 2021

For the quarter ended September 2021, ASIAN PAINTS has posted a net profit of Rs 6 bn (down 29.2% YoY). Sales on the other hand came in at Rs 71 bn (up 32.6% YoY). Read on for a complete analysis of ASIAN PAINTS's quarterly results.

ASIAN PAINTS 2020-21 Annual Report Analysis (Annual Result Update)

Oct 18, 2021 | Updated on Oct 18, 2021

Here's an analysis of the annual report of ASIAN PAINTS for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of ASIAN PAINTS. Also includes updates on the valuation of ASIAN PAINTS.

Berger Paints Stock Falls Over 4% as Company Reports Profits Below Estimates (Views On News)

May 27, 2021

Berger Paints net profit more than doubled in the fourth quarter but ended up dropping 4% over muted investor sentiments.

Asian Paints Touches Record High After Stellar Quarterly Results (Views On News)

Jul 22, 2021

Asian Paints shares scaled fresh 52-week high today, before paring gains as the company's topline soared 91.1%.

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake (Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks (Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing. (Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

5 Indian Companies Embracing Blockchain Technology (Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.


Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Dec 3, 2021 (Close)


  • Track your investment in ASIAN PAINTS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks