Asian paints Funda and 2021 to 2024 distribution TGT-below1600

technically from 2021 to 2024 asian paints has seen distribution i think by now smart money has already exited

Asian Paints
last all quaters has profits around 1100-1200 cr
This quater 694 cr which is very massive dip in profits

current p/e 52

sector p/e 47

i think asian paints is now no longer market leader

so considering these profits constant for next three quaters also then

keeping P/e also constant at 50 stock fair price would be 1600 where eps is taken as 32 (Trailing Twelve months)

if pe also falls asian paints fair valuation comes around 900-1200 rupees Thats a lot of gap

fii hold 15%
others hold 8%
public around 18%

i think asian paints facing severe competition from
berger paints
grasim
indigo paints
sirca paints
mrf (also has paints )
and many other local players



Disclaimer- Just my view and opinion trade at your own risk not an investment advice
these are only for educational purposes