Akzo Nobel India Share Price Target Forecast 2022, 2023, 2025, 2030

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05 of January, 2022

ICICI Securities has added Akzo Nobel India, with a target price of Rs 2200.

With a target price of Rs 2200, ICICI Securities has issued an add call on Akzo Nobel India. Akzo Nobel India Ltd.’s current market price is Rs 2027.3. When Akzo Nobel India Ltd. price reaches stated objective, analyst says it will take one year.

Akzo Nobel India Ltd., founded in 1954, is a Mid Cap business in the Building Materials category with a market capitalization of Rs 9199.14 crore.

Paint, Varnishes & Enamels, Sale of Services, Lease Rentals, Other Operating Revenue, Scrap, and Duty Drawback are among Akzo Nobel India Ltd.’s primary Products/Revenue Segments for the fiscal year ending 31-Mar-2021.

Financials

The firm reported a Consolidated Total Income of Rs 743.90 Crore for the quarter ended September 30, 2021, up 16.95 percent from the previous quarter’s Total Income of Rs 636.11 Crore and up 21.42 percent from the same quarter last year’s Total Income of Rs 612.65 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 55.72 crore.

FII Holdings/Promoter

As of September 30, 2021, promoters owned 74.76 percent of the firm, while FIIs owned 1.53 percent and DIIs 10.75 percent.

economictimes.com is the source for this information.


13 August, 2021

The paints company Akzo Nobel India reported a profit of Rs 76 crore in the first quarter.

Despite interruptions caused by the second wave of the pandemic, paints giant Akzo Nobel India recorded a consolidated net profit of Rs 75.91 crore for the first quarter ended June 30, 2021 on Friday.

In the same quarter previous fiscal year, Akzo Nobel India reported a net loss of Rs 20.26 crore, according to regulatory filings.

It stated that revenue from operations for the period under review was Rs 626.38 crore, up from Rs 258.5 crore the previous year.

“While the quarter began on a healthy demand trend, COVID-19-related interruptions hampered demand in May. In June, when India began to open up, Akzo Nobel produced a strong rebound “Rajiv Rajgopal, Managing Director of AkzoNobel India, said.

Certain industries, such as marine, industrial, and powder coatings, were more resistant to the epidemic, whereas retail and automobile refinishing were hit harder, he noted.

“The impact of the second COVID-19 wave on margins was largely mitigated by price actions and cost control, as well as persistent raw material inflation. In general, we maintained profitability in a challenging operating environment and generated double-digit returns on sales “Rajgopal said.

Because many painters were unable to obtain a COVID-19 vaccine owing to technological limitations or a lack of availability at local facilities, the firm announced that it had teamed with Ekincare to support the immunization of about 2,000 painters in numerous major cities.

Furthermore, the company’s COVID-19 hotline is still assisting almost 20,000 painters in becoming enrolled and receiving free immunization at nearby sites. The project is giving a boost to the organization’s ongoing efforts to connect low-income areas to healthcare.

economictimes.com is the source for this information.


22 May, 2021

The earnings of Akzo Nobel India increased by 37% in the fourth quarter.

Akzo Nobel India Ltd, a paints and coatings company, announced a 37.3 percent rise in consolidated net profit to Rs 74.25 crore for the fourth quarter ended March 2021 on Saturday.

In the January-March quarter a year earlier, Akzo Nobel reported a net profit of Rs 54.08 crore, according to a regulatory filing. Revenue from operations increased by 34.42 percent to Rs 781.35 crore from Rs 581.27 crore in the previous fiscal quarter.

“The recovery trend continued in the fourth quarter, giving a bright conclusion to a difficult year. Although we encountered difficulties in the oil and gas market, we had good growth in paints, powder, and automotive and specialty coatings “Rajiv Rajgopal, the company’s Managing Director, stated.

“While the companies reported excellent double-digit volume growth throughout the quarter, COVID-19 affected demand for the same period last year (affecting the year-over-year comparison),” he noted.

Total costs in Q4 FY 2020-21 were Rs 687.94 crore, up 33.73 percent from Rs 514.42 crore the previous quarter. The company’s net profit for the whole fiscal year 2020-21 was Rs 207.64 crore, down 12.6% from the previous year. The previous year’s figure was Rs 237.46 crore. Revenue from operations fell 9.03 percent to Rs 2,421.35 crore in FY 2019-20, compared to Rs 2,661.81 crore the previous year.

“In terms of full-year results, revenue was 9% lower in 2020-21, with the second half largely offsetting the negative impact of the first. As a consequence of cost discipline and transformation measures, margins were close to the previous year’s level “Rajgopal said.

In terms of the future, he expects raw material cost increases to continue.

“While the industry picture is encouraging, the second wave of COVID-19 infections poses a short-term challenge,” he added.

Akzo Nobel India said in a separate filing that its board of directors proposed a final dividend of Rs 30 per equity share for the fiscal year 2020-21 on Saturday.

The total dividend for the fiscal year is Rs 50 per share, which includes an interim dividend of Rs 20 decided by the board on February 9, 2021 and paid later, according to the company.

economictimes.com is the source for this information.


31 March 2021

ICICI Securities recommends buying Akzo Nobel India with a target price of Rs 2800.

With a target price of Rs 2800, ICICI Securities has issued a buy call on Akzo Nobel India. Akzo Nobel India Ltd. is now trading at Rs 2275.

Akzo Nobel India Ltd., founded in 1954, is a Mid Cap business in the Building Materials category with a market capitalization of Rs 10360.42 crore.

Financials

The firm recorded a Consolidated Total Income of Rs 780.35 Crore for the quarter ended December 31, 2020, up 27.37 percent from the previous quarter’s Total Income of Rs 612.65 Crore and 6.28 percent from the same quarter last year’s Total Income of Rs 734.22 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 87.37 crore.

FII Holdings/Promoter

As of March 31, 2020, promoters owned 74.76 percent of the firm, while FIIs held 1.26 percent, DIIs 8.51 percent, and public & others 15.41 percent.

economictimes.com is the source for this information.


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