Dharmesh Shah of ICICI Direct has a buy call on Kansai Nerolac Paints Ltd. with a target price of Rs 556.0 . The current price of Kansai Nerolac Paints Ltd. is Rs 520.15 . Dharmesh Shah recommended to keep a stoploss at Rs 505 .
Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 28031.91 Crore) operating in Building Materials sector.
Kansai Nerolac Paints Ltd. key Products/Revenue Segments include Paints which contributed Rs 5138.86 Crore to Sales Value (99.32 % of Total Sales), Other Operating Revenue which contributed Rs 17.70 Crore to Sales Value (0.34 % of Total Sales) and Scrap which contributed Rs 17.06 Crore to Sales Value (0.32 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1319.57 Crore, down -13.94 % from last quarter Sales of Rs 1533.30 Crore and down -2.79 % from last year same quarter Sales of Rs 1357.48 Crore Company has reported net profit after tax of Rs 189.92 Crore in latest quarter.
The company’s top management includes Mr.A Jain, Mr.H Furukawa, Mr.H M Bharuka, Mr.Hideshi Hasebe, Mr.Hitoshi Nishibayashi, Mr.N N Tata, Mr.P P Shah, Ms.Sonia Singh. Company has BSR & Co. LLP as its auditoRs As on 31-12-2019, the company has a total of 538,919,720 shares outstanding.
Source: Economic Times
