Archive · 2 Sep 2025
Nuvama Maintains 'Buy' Rating on Asian Paints Stock
Nuvama, a financial company, thinks Asian Paints is a good investment.
They believe the company will do well because people are repainting their homes, and the company is improving its business.
The company also has a strong industrial segment.
Even though the urban market slowed down a bit, it's recovering, and raw material prices are stable.
They are also opening a new, big factory that should help them save money.
The company is working to beat its competitors by focusing on the market and working on its efficiency to win more customers and strengthen its position.
Nuvama has a 'Buy' rating on Asian Paints with a target price of Rs 2,935.
The brokerage anticipates that Asian Paints will maintain an Ebitda margin of 18–20%.
The industrial business of Asian Paints recorded an 8.8% year-on-year increase in Q1FY26.
Raw material costs are expected to remain stable, supporting pricing strategies.
The company is enhancing cost efficiency through manufacturing capacity and backward integration.
- Who
- Nuvama Institutional Equities
- What
- Reiterated a 'Buy' rating on Asian Paints stock.
- When
- No specific time frame, but projections are made for FY26 and beyond.
- Where
- No specific location mentioned.
- Why
- Due to the company's strategies to maintain market share, leverage repainting demand, and stabilize raw material costs.
- Target Price
- Rs 2,935
- Rating
- 'Buy'
- Ebitda Margin Goal
- 18–20%
- Repainting Revenue
- 85–86%
- Industrial Business Growth
- 8.8% YoY in Q1FY26