Asian Paints - First Cut Q2FY14 - Microsec

Asian Paints Ltd Consolidated Net Sales increased by 18% YOY to INR3115 crore YOY and its EBITDA increased by 34% YOY to INR511 crore. EBITDA Margin of the company increased from 14.5% to 16.4% YOY. Consolidated PAT increased by 37% YOY to INR327 crore. Result of the company was well above estimates.

At the CMP of INR520, the stock is trading at a P/E of 39.4x on its FY14E EPS of INR13.2.

Source : Equity Bulls

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