Colgate Research Paper

www.hemonline.com BROKING | DEPOSITORY | DISTRIBUTION | fiscal ADVISORY Equity Research narration On Colgate Palmolive India Limited For Institutional Clients Analyst: ANKIT KHAITAN akhaitan@hemonline.com www.hemonline.com BROKING | DEPOSITORY | DISTRIBUTION | FINANCIAL ADVISORY Colgate Palmolive India Limited Market Cap: 6205.35 Crore Outstanding Shares: 13.59 Crore Price as of 13 April: 456.30 Book Value Per Share: 12.61 th 14 April 2009 th BUY Industry: FMCG NSE ordinance: COLPAL Target Price: 570.00 Upside: 114.00 52 Week sick: 480.00 / 341.00 Face Value Per Share: 1.00 Beta: 0.51 BSE work out: 500830 COLGATE BUSINESS DESCRIPTION COLGATE PALMOLIVE INDIA LIMITED IS ENGAGED IN ORAL make do, personalized CARE AND HOUSEHOLD BUSINESS. THE COMPANY HAS PRESENCE IN Indian ORAL CARE MARKET FOR MORE THAN 70 geezerhood AND THE ORAL CARE SEGMENT ENJOY STRONG note EQUITY FOR PRODUCTS LIKE TOOTHPASTE, TOOTHPOWDERS AND TOOTHBRUSHES UNDER THE BRAND COLGATE AND PERSONAL CARE PRODUCTS UNDER THE BRAND PALMOLIVE. STOCK PERFORMANCE COLGATE SENSEX 1m 6.28% 25.25% 12m 14.86% -30.62% GROWTH (%) REVENUE net income Last Qtr. Last Yr. 3 Yr. CAGR 1.25% 13.76% 15.05% 22.43% 58.87% 27.

99% Recommendation With inflation at the utmost level, raw material prices cooling off and excise employment cut has help FMCG companies to maintain its margin. We are very validatory on the long term business prospects of the company and its fiscal performance. At Current Market Price of INR 456.30 and with FY08E and FY09E EPS of INR 20.50 and 23.10, the stress is avocation at a PE of 22.2x and 19.7x respectively. We reiterate BUY on the stock with target price of INR 570.00 with a medium term coronation horizon. EPS ANALYSIS Highlights/Recent Updates Prices rise in some products by 4 per cent Colgate Palmolive India Limited, a leader in the tooth paste segment, has change magnitude the prices of some its product by around 4 per cent, where as other consumer goods makers... If you want to get a full essay, stray it on our website: Ordercustompaper.com

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