Asian Paints - Q4 FY13 Result - Microsec

Asian Paints Ltd Consolidated Net Sales increased by 7% YOY to INR2733 crore YOY and its EBITDA increased by 4% YOY to INR393 crore. EBITDA Margin of the company decreased from 14.9% to 14.4% YOY. Consolidated PAT decreased by 3% YOY to INR251 crore. Result of the company was well below estimates.

FY13 Annual Result

In FY13, the company's Consolidated Net Sales increased by 14% YOY to INR10971 crore YOY and its EBITDA increased by 15% YOY to INR1732 crore. EBITDA Margin of the company increased marginally from 15.7% to 15.8% YOY. Consolidated PAT increased by 13% YOY to INR1114 crore.At the CMP of INR4670, the stock is trading at a P/E of 40x on its FY13 EPS of INR116.1 which is on the higher side considering the growth of the company.

Source : Equity Bulls

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