INSUBCONTINENT EXCLUSIVE:
SBICAP Securities has maintained hold rating on Colgate-Palmolive India in the long term with a target price of Rs 1,400
Shares of the company ended flat at Rs 1,460.70 on Wednesday while the BSE Sensex closed 52.28 points up at 41,306.02.
Company FinancialsFor
the quarter ended 30-09-2019, the company has reported standalone sales of Rs 1213.21 crore, up 12.75 % from last quarter Sales of Rs
1075.99 crore and up 4.53 % from last year same quarter Sales of Rs 1160.63 crore
The company has reported net profit after tax of Rs 244.11 crore in the latest quarter
Ghosh, Mr.R A Shah, Mr.Vikram Mehta, Ms.Shyamala Gopinath, Ms.Sukanya Kripalu
Company has SRBC - Co LLP as its auditors
As on 30-09-2019, the company has a total of 271,985,634 shares outstanding.
Investment RationaleThe brokerage met the company's
management recently and the company noted three focus areas: gaining a fair share in family naturals segment, driving per capita spends in
the oral care category, and business diversification
Trading at 42 times FY21 estimated P/E, valuation looks full and offers limited scope for upside, with sales, Ebitda and PBT CAGR at 9%, 10%
and 10%, respectively, in FY19-FY22, it said.