DOCSLIB.ORG

Asian Paints Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Asian Paints Limited Asian Paints Limited Statement in accordance with rule 5(2) of the companieS (appointment and remuneration of managerial perSonnel) ruleS, 2014 1. List of employees of the company employed throughout the financial year 2020-21 and who were paid remuneration of not less than ` 1.02 crores per annum: experience Joining Age Name(s) Designation(s) Remuneration (`) Qualification(s) Last employment (years) Date (years) Aashish Kshetry Vice President - HR & Systems 2,65,30,297 B.E., MMS 32 04-Jun-92 53 Larsen & Toubro Limited Amit Rajde General Manager - Project Sales 1,20,87,969 B.E., MMS 21 16-Jun-03 46 Pidilite Industries Limited Amit Kumar Singh General Manager - Corporate Affairs 1,07,46,276 B.Sc., MA, M. Phil 21 03-Feb-20 45 India Medtronic Private Limited Amit Syngle@$ Managing Director & CEO 10,41,59,592 B.E., MBA 33 01-Jun-90 55 SEI Services Amit Sahni General Manager - Purchase & New Products 1,05,22,821 B.E., PGDM 26 06-Jun-96 49 The National Leather Cloth Manufacturing Company Limited Anirudha Deshmukh General Manager - Joint Value Creation 1,67,58,609 B.E., PGDM 25 06-Jun-96 48 - Arvind Iyer General Manager - Services & Retailing 1,02,35,270 B.Sc., MBA 17 06-Jun-05 40 Agro Tech Foods Limited Ashish Rae General Manager - Bath Division 1,32,70,495 B.E., PGDM 19 20-Jun-05 44 Hindustan Coca Cola Beverages Private Limited Bhushan Pradhan General Manager - Technology 1,29,98,284 B.Sc., MA 30 10-Jun-13 54 Brushworks Paints Limited Deepak Bhosale General Manager - Systems 1,43,29,370 B.E., PGDIM 27 03-Jun-98 49 Larsen & Toubro Limited Gagandeep Kalsi General Manager - Strategy & New Businesses 1,04,21,067 B.E., PGDM 17 17-May-06 40 Tata Consultancy Services Harish Lade Vice President - Supply Chain 2,19,23,708 B.E., PGDCM 28 06-Jun-96 49 Tata Telecom Limited Hiral Kumar Raja General Manager - Accounts, SSC & Taxation 1,64,78,109 M.Com., CA 19 18-Nov-02 41 Larsen & Toubro Limited Jaideep Kanse General Manager - Strategy & Innovation; 1,37,85,120 B.E., PGDM 26 01-Dec-97 53 Consensys Software Customer Centricity & CSR K Thulaseedharan Nair General Works Manager 1,38,97,425 B.Tech 34 28-Mar-90 58 Jyoti Limited Krishnan Vaidyanathan General Manager - Human Resources 1,23,65,478 B.Com., PGDPMIR 19 02-May-02 43 Horizon Financial Services Lakshmi Narayanan B General Manager - Marketing 1,09,07,527 B.E., MBA 16 24-Jul-06 40 Samsung India Electronics Private Limited Maulik Desai Business Head - Sleek 1,17,74,819 B.E., MMS 19 19-Jul-04 44 Agro Tech Foods Limited Narasimhan K General Manager - Manufacturing 1,18,28,936 B.E. 28 30-Jul-07 51 Pepsico India Holdings Private Limited P Sriram General Manager - Internal Audit & Risk 1,54,91,406 B.Com., CA, CWA 24 12-Jan-98 47 PricewaterhouseCoopers Private Limited Parag Rane General Manager - Finance 1,34,27,569 B.E., PGDM 18 02-Jun-03 43 Mahindra British Telecom Pragyan Kumar Vice President - Home Improvement 2,17,28,369 B.Tech., PGDM 25 06-Jun-96 48 - Rajeev Kumar Jain Chief Manager - Technology 1,04,78,176 B.Sc., M.Sc., Ph.D 35 19-Jan-05 56 Beck India Limited Rajeev Kumar Goel Vice President - Technology 2,30,41,121 B. Sc., B.Tech. 32 02-Jun-89 55 - R J Jeyamurugan* CFO & CS 2,57,77,608 B.Com., CA, CS 30 15-Nov-91 56 Sri Kannapiran Mills Limited Sameer Salvi Associate Vice President - Mantech; Strategy 2,03,10,800 B.E. 30 18-Mar-93 51 Mukand Limited & New Businesses Shyam Swamy Associate Vice President - Project Sales; 1,48,57,043 B.E., PGDM 22 12-May-99 48 ESAB India Limited Services & Retailing and Decor Sumit Midha Associate Vice President - Retail Sales & 1,38,92,182 B.Com., PGDM 25 03-Jan-20 45 Praxis Home Retail Limited Marketing Suresh KM Chief Manager - Home Improvement 1,10,58,630 B.Tech. 27 28-Sep-06 51 Avasarala Technologies Limited V Ravi General Manager - Manufacturing 1,47,84,015 B.Sc., M.Sc. 33 01-Aug-88 56 Ganesh Medicament Private Limited V Subramanian General Manager - Commercial 1,90,28,858 B.E. (Mechanical), 40 23-Sep-85 62 Philips India Limited DBM Yogesh Pethkar General Manager - Manufacturing 1,29,09,144 B.E., PGDIE 20 07-Jul-03 43 Cummins India Limited notes: 1. @ The contractual terms of Mr. Amit Syngle, Managing Director & CEO are governed by the resolution passed by the shareholders in the 74th Annual General Meeting of the Company held on 5th August, 2020. Remuneration excludes Performance based incentive of ` 1,80,00,000 (Rupees one crore and eighty lakhs) paid for previous financial years. $ The remuneration paid to Mr. Amit Syngle, Managing Director & CEO, for the financial year 2020-21, excludes` 2,47,00,000 (Rupees two crores and forty seven lakhs) worth of Stock Options which would be granted in accordance with the 2021 Employee Stock Option Plan (2021 Plan), subject to approval of the shareholders of the Company. The stock options would vest after fulfillment of vesting conditions in accordance with the 2021 Plan. Annual Report 2020-21 1 Asian Paints Limited 2. *The remuneration paid to Mr. R. J. Jeyamurugan, in his capacity as CFO & Company Secretary, for the financial year 2019-20 was for part of the year. Remuneration excludes an amount of ` 15,00,000 (Rupees fifteen lakhs) towards deferred incentive paid for the financial year 2017-18. 3. None of the employees mentioned above are related to any of the Directors of the Company within the meaning of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable provisions if any. 4. None of the employees was in receipt of remuneration in excess of that drawn by the Managing Director and none of them hold by themselves or along with their spouse and dependent children, two percent or more of the equity shares of the Company. 5. All appointments are contractual and terminable by notice on either side. 6. Remuneration includes salary, bonus, commission, various allowances, performance incentive, contribution to provident fund and superannuation fund and taxable value of perquisites but excludes provision for gratuity and leave encashment. 2. List of employees of the company employed for the part of the year and were paid monthly remuneration not less than ` 8.5 lakhs per month: experience Joining Age Name(s) Designation(s) Remuneration (`) Qualification(s) Last employment (years) Date (years) CL Sethunathan Associate Vice President - Project Sales; 1,06,48,494 B.Com 32 18-Jun-90 54 Enkay Telecommunications Services & Retailing (India) Private Limited MR Parasuram Chief Manager - Systems 52,75,493 B.Sc., M. Sc. 33 22-Mar-88 57 Ador Computers Private Limited Rajesh Menon General Manager - Materials 1,15,97,960 B.Tech, PGDBM 27 12-May-99 49 The Arvind Mills Limited S Ravi Venkatramana Chief Manager - Systems 87,23,687 B.Sc. 29 20-Jan-92 50 - Satish Kulkarni Vice President - Decor 99,23,490 B.E., PGDM 31 02-Jun-93 52 Tata Engineering and Locomotive Company Limited Srikanth SK General Manager - Decor 38,30,171 B.Arch., PGDM 18 02-Jun-03 43 - Gopalakrishnan Narayanan General Works Manager 99,39,827 B.Sc., M.Sc., MBA 35 01-Jun-87 58 Parle Beverages Private Limited notes: 1. None of the employees mentioned above are related to any of the Directors of the Company within the meaning of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable provisions, if any. 2. None of the employees was in receipt of remuneration in excess of that drawn by the Managing Director and none of them hold by themselves or along with their spouse and dependent children, two percent or more of the equity shares of the Company. 3. All appointments are contractual and terminable by notice on either side. 4. Remuneration includes salary, bonus, commission, various allowances, performance incentive, contribution to provident fund and superannuation fund and taxable value of perquisites but excludes provision for gratuity and leave encashment. Annual Report 2020-21 2.
Load more

Recommended publications
  • Annual Report 2011-2012
    Cover image: All photographs are of associates of Tata Consultancy Services The Annual General Meeting will be held on Friday, June 29, 2012, at Birla Matushri Sabhagar, Sir V. T. Marg, New Marine Lines, Mumbai 400020, at 3.30 p.m. As a measure of economy, copies of the Annual Report will not be distributed at the Annual General Meeting. Members are requested to bring their copies to the meeting. Contents Board of Directors 2 Financial Highlights 4 Our Leadership Team 5 Letter from CEO 6 Key Trends (FY 2005 - 2012) 8 Management Team 10 Directors’ Report 12 Management Discussion and Analysis 21 Corporate Governance Report 58 Consolidated Financial Statements Auditors’ Report 75 Consolidated Balance Sheet 76 Consolidated Statement of Profit and Loss 77 Consolidated Cash Flow Statement 78 Notes forming part of the Consolidated Financial Statements 79 Unconsolidated Financial Statements Auditors’ Report 111 Balance Sheet 114 Statement of Profit and Loss 115 Cash Flow Statement 116 Notes forming part of the Financial Statements 117 Statement under Section 212 of the Companies Act, 1956 relating to subsidiary companies 150 Board of Directors As of April 02, 2012 1 R N Tata 2 S Ramadorai 3 A Mehta Chairman Vice Chairman Director 4 V Thyagarajan 5 C M Christensen 6 R Sommer Director Director Director 7 Laura Cha 8 V Kelkar 9 I Hussain Director Director Director 10 N Chandrasekaran 11 S Mahalingam 12 P A Vandrevala Chief Executive Officer Chief Financial Officer Director and Managing Director and Executive Director 13 O P Bhatt 14 C P Mistry Director
    [Show full text]
  • Financial Village
    CONSISTENT COMPOUNDERS AN INVESTMENT STRATEGY BY MARCELLUS INVESTMENT MANAGERS Private & Confidential. 1 ABOUT MARCELLUS Private & Confidential. Marcellus Investment Managers was founded in 2018 and currently has c.US$675m in assets under management and advisory. The founders have worked together for the past 15years Rakshit Ranjan, CFA – Portfolio Saurabh Mukherjea, CFA – Chief Pramod Gubbi, CFA - Head of Sales Investment Officer Manager - Formerly, MD & Head of Institutional - Formerly, Portfolio manager of - former CEO of Ambit Capital, assets Equities at Ambit Capital under advisory were $800mn. Ambit Capital's Coffee Can PMS, - CEO of Ambit Singapore - Author of three bestselling books: which was one of India's top Gurus of Chaos (2014), The Unusual - Tech analyst at Clear Capital and also performing equity products Billionaires (2016) and “Coffee Can worked in the tech industry - HCL during 2018 Investing (2018). Technologies and Philips - Ambit's consumer research - Co-founder of Clear Capital, a London Semiconductors head, voted as No.1 for based small-cap equity research firm which he and his co-founders created in - Post-graduate in Management from Discretionary Consumer and 2003 and sold in 2008. IIM – Ahmedabad. top-3 for Consumer Staples - MSc in Economics from London School - B.Tech from Regional Engineering - At Clear Capital, ranked amongst of Economics College, Surathkal (NIT, Karnataka) the top-3 UK Insurance analysts - Member of SEBI’s Asset Management - B.Tech from IIT (Delhi) 2 Advisory Committee. KEY STEPS FOR IDENTIFYING CONSISTENT COMPOUNDERS 1. Identify companies with clean accounts 2. Identify companies with track record of superior capital allocation 3. Amongst companies which pass steps 1 & 2, identify those with high barriers to entry Private & Confidential.
    [Show full text]
  • Annexure to the Directors' Report
    Infosys Annual Report 2011-12 Additional Information Annexure to the Directors' report Information as per Section 217 (2A) of the Companies Act, 1956, read with the Companies (Particulars of employees) Rules 1975, and forming part of the directors’ report for the year ended March 31, 2012 Employee name Title / Role, Unit Qualification Age Experience Joining date Gross Previous employment and (in years) remuneration (`) designation Abhay M. Kulkarni VP and Delivery Head, BE 45 24 Feb 26, 1990 81,23,672 TISCO, Graduate Trainee FSIADM Abhishek VP and Delivery Head, PED B.Tech 39 19 Jul 1, 1993 71,92,874 – Anurag Vardhan Sinha VP and Delivery Head – BE 41 19 Oct 7, 1992 79,74,924 – ADM, Energy, Utilities, Communications and Services, ECSADM Ashok Vemuri Member of the Board and BSC (H), PGD 44 20 Oct 1, 1999 5,67,87,389 Bank Of America, AVP Global Head – Financial Services & Insurance and Strategic Global Sourcing Balakrishna D. R. AVP and Consulting and BE 40 18 Feb 7, 1994 67,87,064 HCL – HP, Customer Systems Integration Practice Engineer – Trainee Head, Energy, Utilities, Communications and Services – SAP, ECSSAP Balakrishnan V. Director and Chief B.Sc, ACA, ACS, 47 25 Sep 2, 1991 2,96,16,476 Amco Batteries Limited, Financial Officer AICWA Senior Accounts Executive Bhuvaneswari VP and Delivery Head – B.Sc, MCA 47 24 Aug 28, 2000 74,39,750 Citibank, AVP Sundaram ADM, Financial Services and Insurance, FSIADM Binod H. R. SVP and Global Head – BE 49 26 Aug 2, 1993 83,61,969 MICO, Senior Engineer, Corporate Relations and Technical Sales Commercial, CORP Chandra Shekar Kakal SVP and Member – Diploma, BE, 51 28 Mar 1, 1999 2,35,49,676 Ramco Systems, Product Executive Council and PGD, MBA Manager Global Head – Business IT Services, CORPADM Chandraketu Jha VP and Head – B.Com, CA 48 25 Jun 26, 2000 82,48,082 Global Business Commercial, Purchase Dimensions, Head of Accounts and Finance Charles Henry Hawkes VP and Head – Facilities B.Sc, PGCBM 52 27 Nov 15, 1996 69,99,980 Trans Oceanic Travel, Manager Deepak N.
    [Show full text]
  • Indigo Paints Limited
    TRACK RECORD OF THE PUBLIC ISSUES MANAGED BY THE MERCHANT BANKER IN THE LAST 3 FINANCIAL YEARS Name of the Issue: Indigo Paints Limited 1. Type of Issue (IPO/FPO) IPO 2. Issue Size (Rs. Cr) INR 1,169.12 Cr 3. Grade of issue along with name of the rating agency Name NA Grade NA 4. Subscription Level (Number of times) 117.0302^ (excluding anchor investors and after removing multiple and duplicate bids) ^Source: Minutes of the Basis of Allotment meeting dated January 28, 2021 5. QIB Holding (as a % of outstanding capital) as disclosed to stock exchanges Particulars Percentage 8.18* (i) allotment in the issue (ii) at the end of the 1st Quarter immediately NA after the listing of the issue^ NA (iii) at the end of 1st FY (March 31, 2021)^ NA (iv) at the end of 2nd FY (March 31, 2022)^ NA (v) at the end of 3rd FY (March 31, 2023)^ (^) QIB Holding not disclosed as reporting for relevant period / fiscal years has not been completed (*As a % of total post – issue paid up capital as per the Prospectus dated January 25, 2021) 1 6. Financials of the issuer (as per the annual financial results submitted to stock exchanges) (Rs in Crores) 1st FY (March 31, 2nd FY (March 31, 3rd FY (March 31, Parameters 2021)* 2022)* 2023)* Income from operations N.A. N.A. N.A. Net Profit for the period N.A. N.A. N.A. Paid-up equity share capital N.A. N.A. N.A. Reserves excluding revaluation reserves N.A.
    [Show full text]
  • Berger Paints India (BERPAI)
    Berger Paints India (BERPAI) CMP: | 519 Target: | 595 (15%) Target Period: 15 months BUY April 27, 2020 Colourful growth story… Berger Paint (BPIL) is the second largest decorative paint player in India with an organised market share of ~17%. The company has kept its market share intact despite aggressive expansion by the leader and other MNC paint players in domestic market. In the last five years, BPIL has invested heavily Stock Data in capex, brand building (average 5% of sales in the last five years) and Particular Amount product innovation with a strong balance sheet position. All these resulted Market Capitalization (| Crore) 50,205.9 in a sharp expansion in EBITDA margin by ~300 bps in the past five years Total Debt (FY19) (| Crore) 499.9 and generated average RoE, RoCE of ~22%, 32%, respectively. We believe Cash and Inv (FY19) (| Crore) 489.3 the current lockdown situation due to the Covid-19 pandemic would restrict EV (| Crore) 50,216.5 52 week H/L (|) 597/292 FY21 volume growth. A strong demand recovery is expected to be Coverage Initiating Equity capital (| Crore) 97.1 witnessed from FY22E onwards supported by a surge in repainting demand. Face value (|) 1.0 We also believe with a strong supply chain and distribution network in place BPIL is set to benefit from a spike in demand once the situation normalises Price Chart post lockdown. We initiate coverage on Berger Paints with a BUY rating in 700 14000 view of: 1) long term growth drivers remaining intact, 2) expansion in gross 600 12000 margin and 3) market share gain from smaller, unorganised companies.
    [Show full text]
  • Annual Report 2012-13
    Annual Report 2012-13 www.infosys.com Infosys Annual Report 2012-13 “Innovation across borders is essential to accelerate the pace of world prosperity.” N. R. Narayana Murthy Founder and Chairman Emeritus, Infosys Limited Every day we ask ourselves how we can deliver greater value to our clients and shareholders. And look for ways to help our clients take on a future that is full of unknown challenges and yet brimming with opportunities to explore. We clearly see that tomorrow's enterprise will be nothing like today's. That is why our mission is to enable our clients to most effectively compete, not just today, but in the years ahead. As we go about our daily business, we keep relentlessly innovating in order to remain relevant to our clients and their customers. This tireless commitment to new ideas is in our DNA. It has powered our success through the last three decades and continues to guide us as we go about building tomorrow's enterprise for our clients. We believe each great idea that we bring to life can change how business works, eventually cascading to change how the world works. We measure our success by how these solutions help drive the world — and its enterprises — forward. Infosys — a company of relentless innovators on a mission. Download the report here : http://www.infosys.com/AR-2013 The Annual Report is printed on 100% recycled paper certified by the U.K.-based National Association of Paper Merchants (NAPM), France-based Association des Producteurs des papiers et cartons Recycles (APUR) and Germany-based Blue Angel.
    [Show full text]
  • Exhibit to the Board's Report Pertaining to Particulars Of
    Infosys Annual Report Annual Infosys 2020-21 Exhibit to the Board’s report pertaining to particulars of employees Information as per Rule 5 of Chapter XIII, the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 Employees drawing a remuneration of ` 1.02 crore or above per annum and posted in India Employee name Designation Educational Age Experience Date of joining Gross remuneration Previous employment qualification (in years) paid(1) and designation Abhishek Goyal VP & Delivery Head, ENG B.Tech, PGD 47 24 Sep 11, 2000 1,09,49,284 Asian Paints (I) Limited, Area Manager Alok Uniyal VP & Industry Principal, Quality B.Tech, MBA 52 27 Aug 2, 2004 1,27,19,734 Mphasis Limited, Senior consultant Ammayappan Marimuthu AVP & Senior Delivery Manager, BE 47 24 Jan 22, 2001 1,10,28,061 Sony India Limited, System ADM Engineer Amrita Srikanth AVP & Principal – Technical B.Com, DBM, 46 18 Nov 22, 2012 1,04,48,436 Deloitte Haskins & Sells, Accounting Group CA Manager – Audit & Assurance Anil Kumar P.N. AVP & Delivery Head, ADM B.Tech, ME 49 26 Aug 5, 1996 1,10,88,187 Bajaj Auto Limited, Engineer Anoop Kumar VP & Business Excellence – Head, BE, PGD 50 29 May 3, 2000 1,17,84,641 Tata Steel Private Limited, Quality Deputy Manager Arun Kumar H.R. SVP & Head – Business Strategy, BE 48 26 Nov 7, 1994 1,76,41,771 – Planning and Operations Ashok Bhaskar Hegde VP & Delivery Head, ADM BA, MA, MBA, 53 26 Jan 2, 2012 1,04,92,096 Wipro Technologies Limited, PHD Head-FS Business Analyst & Investment Banking Practice Balaji Sampath VP & Segment Head – Marketing BE, MBA 50 27 Dec 23, 2004 1,32,95,683 Microsoft Corporation Private Limited, Business Manager Balakrishna D.R.
    [Show full text]
  • Investing Through a Crisis a Handbook from Marcellus Investment Managers
    Investing Through a Crisis A Handbook from Marcellus Investment Managers Table of Contents INTRODUCTION .................................................................................................................... 2 INDIA’S ‘CONSISTENT COMPOUNDERS’ ARE UNIQUE GLOBALLY ............................................ 3 CASE STUDY OF A CONSISTENT COMPOUNDER: ASIAN PAINTS ............................................................................................... 4 PRUDENT CAPITAL ALLOCATION IS CRITICAL FOR CONSISTENT COMPOUNDING .................... 7 M&A AND OFFSHORE EXPANSION HAVE FAILED TO CREATE SUBSTANTIAL SHAREHOLDER VALUE .................................................... 7 CASE STUDY: PIDILITE’S CAPITAL ALLOCATION ................................................................................................................... 10 CRUSHING RISK IS THE KEY TO SURVIVING A CRISIS ............................................................. 12 TRADITIONAL INVESTING THEORIES CAN BE DETRIMENTAL TO PORTFOLIO RETURNS ................................................................... 12 CRISES EXPOSE CORPORATE FRAUDS................................................................................................................................ 13 THE IMPORTANCE OF ACCOUNTING QUALITY..................................................................................................................... 14 MARCELLUS’ FORENSIC FRAMEWORK TO EVALUATE ACCOUNTING QUALITY ............................................................................
    [Show full text]
  • WIPRO LIMITED (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) Registration statement pursuant to section 12(b) or (g) of the Securities Exchange Act of 1934 OR ⌧ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended March 31, 2016 OR Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to OR Shell Company Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of event requiring this shell company report Commission File Number 001-16139 WIPRO LIMITED (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant’s name into English) Bangalore, Karnataka, India (Jurisdiction of incorporation or organization) Doddakannelli Sarjapur Road Bangalore, Karnataka 560035, India +91-80-4672-6603 (Address of principal executive offices) Jatin Pravinchandra Dalal, Chief Financial Officer Phone: +91-80-4672-6603; Fax: +91-80-2844-0051 (Name, telephone, email and/or facsimile number and address of company contact person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares, each represented by one New York Stock Exchange Equity Share, par value 2 per share. Securities registered or to be registered pursuant to Section 12(g) of the Act: None (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: Not Applicable (Title of Class) Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 2,470,713,290 Equity Shares.
    [Show full text]
  • ASIAN PAINTS LTD HOLD FMCG (CONSUMER DISCRETIONARY) Target Price : Rs 1,890
    30 JAN 2020 Quarterly Update ASIAN PAINTS LTD HOLD FMCG (CONSUMER DISCRETIONARY) Target Price : Rs 1,890 Q3FY20: Unfavourable mix hurts realization… CMP : Rs 1,796 APNT delivered a weak performance for second quarter in a row especially on Upside : 5% revenue front as it report a 3% YoY growth in revenues despite ~10% volume Relative to Sector : Positive growth, mainly due to mix deterioration (higher focus on economy segment products and weak growth in premium products). However, its EBITDA MARKET DATA Margin came in higher by 90bps at 21.9% led by 190bps GM expansion owing to No. of Shares : 95.9 Cr benign RMs. FV (Rs) : 1 Market Cap (Rs Cr.) : 1,71,744 Management has cautioned about moderation in growth in near term as 52-week High / Low : Rs 1,862 / Rs 1,291 metros/tier-1 towns have slowed down significantly and weaker mix Avg. Daily vol. (6mth) : 5,887,732 shares (continued focus on economy segment) may remain a drag in near term. To Bloomberg Code : APNT IB Reuters Code : APNT.NS factor the near term growth pressure we revise our estimates leading to a BSE Code : 500820 change in our rating from BUY earlier to “HOLD” and TP of Rs. 1,890 (Rs. 1,976 NSE Code : ASIANPAINT earlier) as valuation appear expensive given the near term growth pressure. Key Highlights Q3FY20 unfavourable mix hurts standalone revenue: For second quarter in a row, Asian Paints (APNT) delivered weaker than expected growth. It reported 3%/8%/20% growth in Revenues/EBITDA/PAT for Q3FY20. Topline growth was weaker than expected despite low double digit volume growth on account of a sharp deterioration in product mix.
    [Show full text]
  • Axis Dynamic Equity Reg Gr Category Hybrid - Balanced Advantage
    Axis Dynamic Equity Reg Gr Category Hybrid - Balanced Advantage Investment Objective Trailing Returns Investment Growth To generate capital appreciation by investing in a portfolio of Period Inv Bmk1 Time Period: 02-08-2017 to 30-04-2020 equity or equity linked securities while secondary objective is 3 months -5.63 -11.72 to generate income through investments in debt and money 125.0 market instruments. It also aims to manage risk through 6 months -5.13 -10.81 active asset allocation. However, there is no assurance or 1 Year -2.45 -6.41 120.0 guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any 2 Years 0.56 1.77 returns. 3 Years 5.15 115.0 5 Years 5.20 Manager Biography 110.0 Drawdown Anupam Tiwari since 01-08-2017 Time Period: 01-05-2017 to 30-04-2020 105.0 Operations Inv Bmk1 100.0 Inception Date 01-08-2017 Max Drawdown -18.44 Max Drawdown # of Periods 3.00 95.0 Minimum Initial 5,000 2017 2018 2019 2020 Max Drawdown Peak Date 01-01-2020 Annual Report Net Expense Ratio 2.38 Max Drawdown Valley Date 31-03-2020 Axis Dynamic Equity Reg Gr NIFTY 50 Hybrid Composite Debt 65:35 Index Turnover Ratio % 398.50 Leading Detractors Leading Contributors Time Period: 01-05-2019 to 30-04-2020 Time Period: 01-05-2019 to 30-04-2020 NAV (Mo-End) 10.73 Rescaled Rescaled Return Contribution Return Contribution Weight Weight Risk Reward Bajaj Finance Ltd 6.34 -24.78 -1.79 Nestle India Ltd 3.79 67.99 2.02 Std Dev Bandhan Bank Ltd 1.04 -37.64 -1.57 Asian Paints Ltd 5.11 21.60 0.76 Sharpe Ratio HDFC
    [Show full text]
  • Momentum Pick
    Momentum Picks Open Recommendations New recommendations Gladiator Stocks Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration 1-Oct-21 Nifty Nifty Sell 17520-17545 17482/17430 17583.00 Intraday Scrip Action 1-Oct-21 ONGC ONGC Buy 142.50-143.00 144.25/145.70 141.20 Intraday Hindalco Buy PICK MOMENTUM 1-Oct-21 UPL UPL Sell 707.00-708.00 700.60/693.80 714.60 Intraday Bata India Buy 30-Sep-21 Trent TRENT Buy 1010-1025 1125 948.00 30 Days HDFC Buy 30-Sep-21 Dhampur Sugar DHASUG Buy 290-294 312 282.00 07 Days Duration: 3 Months Click here to know more… Open recommendations Date Scrip I-Direct Code Action Initiation Range Target Stoploss Duration 29-Sep-21 SJVN SJVLIM Buy 28.3-29 31.50 27.00 14 Days 29-Sep-21 National Aluminium NATALU Buy 92-94 101.00 86.50 07 Days Intraday recommendations are for current month futures. Positional recommendations are in cash segment Retail Equity Research Retail – October 1, 2021 For Instant stock ideas: SUBSCRIBE to mobile notification on ICICIdirect Mobile app… Research Analysts Securities ICICI Dharmesh Shah Nitin Kunte, CMT Ninad Tamhanekar, CMT [email protected] [email protected] [email protected] Pabitro Mukherjee Vinayak Parmar [email protected] [email protected] NSE (Nifty): 17618 Technical Outlook NSE Nifty Daily Candlestick Chart Domestic Indices Day that was… Open High Low Close Indices Close 1 Day Chg % Chg Equity benchmarks concluded the monthly expiry session on a subdued note tracking mixed global cues.
    [Show full text]