Paint Stock Set To Mull Dividend On Oct 23, Record Date Fixed; Motilal Oswal Has Buy Call

Large cap paints sector company Asian Paints will convene the meeting of Board of Directors on October 23, 2024 to consider financial results for the quarter and half year ending September 30, 2024. The company will also consider declaration of interim dividend, if any in the same meeting. Last trading price of Asian Paints shares on BSE is Rs 3358.65 per share. Asian Paints has a market capitlisation of Rs 3,22,160.97 crore. Asian Paints shares gained 11% in last 1-month and slipped 1.06% year-to-date (YTD). Check details below:

Asian Paints To Consider Financial Results, Dividend: As per the BSE filing of Asian Paints dated September 13, 2024, "This is to inform you that a meeting of the Board of Directors of the Company will be held on Wednesday, 23rd October 2024, inter alia, to consider the following:

1. Approval of audited standalone financial results of the Company for the quarter and half-year ending 30th September 2024;

2. Approval of unaudited consolidated financial results of the Company for the quarter and half-year ending 30th September 2024; and

3. Declaration of interim dividend, if any, for the financial year ending 31st March 2025."

Asian Paints Sets Record Date For Dividend: The BSE filing added, "It is further informed that the record date for payment of interim dividend, if declared, will be Thursday, 31st October 2024."

Asian Paints Previous Dividend In 2024: Earlier this year, Board of Directors of Asian Paints recommended highest dividend after 2013 at Rs 28.15 per equity share of the face value of Re 1 each for the financial year ended March 31, 2024. The total dividend for the financial year ended 31 st March 2024, aggregated to Rs. 33.30 (Rupees thirty-three and paise thirty only) per equity share of the face value of Re. 1 (Rupee one) each (dividend payout ratio of 60%), including the interim dividend of Rs. 5.15 (Rupees five and paise fifteen only) per equity share as approved by the Board of Directors at their meeting held on 26th October 2023, which was paid thereafter.

Should You Buy Asian Paints Shares Or Not? Motilal Oswal has recommended buy call to Asian Paints shares for next week with target price of Rs 5600 per share. The analyst has urged investors to maintain stop loss below Rs 4950 per share. The analyst said Asian Paints share is in uptrend and forming higher highs-higher lows structure on weekly scale for last 3-weeks.

Asian Paints Bonus Share, Stock Split History: Asian Paints split face value of shares once since July 30, 2013. Asian Paints last split the face value of its shares from Rs 10 to Re 1 in 2013.The share has been trading ex-split from July 30, 2013. The large cap paint stock announced 2 bonus issues since August 2, 2000. Its last bonus was declared in the ratio 1:2 with ex-date of August 22, 2003.

Asian Paints Share Performance & Return: The 52-week high price of Asian Paints shares on BSE is Rs 3422.00 per share (as on 29/12/2023) and 52-week low price is Rs 2671.00 per share (as on 10/05/2024), respectively. Asian Paints has a ROE of 27.17, PE of 64.36, and EPS (TTM) of 52.19. Asian Paints shares gained over 2% in last 1-week, soared 11% in last 1-month, zoomed 16% in last 3-months, jumped 2.51% last 1-year, and slipped more than 1% in last 2-years. Asian Paints shares zoomed 116% in last 5-years.

About: Asian Paints is India's leading paint and decor company and ranked among the top 8 coatings companies in the world with a consolidated turnover of Rs 34,489 crores (Rs 345 billion) with a market capital of approximately Rs 3,100 billion. Asian Paints along with its subsidiaries have operations in 15 countries across the world with 27 paint manufacturing facilities, servicing consumers in over 60+ countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints also offers a wide range of Home Décor products and is an emerging strong player in the Home Improvement and Décor space in India.