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Multi Baggers

Hem Securities

12.00 AM Dec 13th 2018

Colgate

BSE ID : 500830     NSE ID : COLPAL

RECOMMENDED PRICE 1271.00

PEAK FROM RECO 1365.20 7.41%

CURRENT PRICE 1233.35 2.96%

Colgate-Palmolive (India) Limited is India`s leading provider of scientifically proven oral care products with multiple benefits at various price points. Along with it robust financial performance & strong future outlook is making a case for buy on the stock. Hence, we are positive on stock & recommending ``Buy`` with price target of Rs 1450 for long term horizon.

Colgate-Palmolive (India) Limited is India’s leading provider of scientifically proven oral care products with multiple benefits at various price points. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the “Colgate” brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. The Company also provides a range of personal care products under the ‘Palmolive’ brand name.

Strong performance by key brands: In the ‘Naturals’ portfolio Colgate Swarna Vedshakti toothpaste continues to perform extremely well. Company recently launched the toothpaste in multiple pack sizes at different price points, nationally, where it continues to show a positive consumer confidence with strong repeat purchases. Also, company has relaunched India’s largest selling toothpaste and Colgate’s flagship brand - Colgate Strong Teeth, on an evocative platform of 'Daant Banaye Andar se Strong’ (Strengthens Teeth from within). The all new brand proposition unveiled through a nationwide 360° campaign across all consumer touch points.

The company is currently trading at 46.39 of TTM eps of Rs 27.40 while it is trading at 44.51x of FY19E eps & 39.30x of FY20E eps. Going with the facts like increasing MSPs and normal monsoon, election year, freebies, loan waivers, we expect strong demand for products of company will emerge from rural areas. Along with it robust financial performance & strong future outlook is making a case for buy on the stock. Hence, we are positive on stock & recommending “Buy” with price target of Rs 1450 for long term horizon.

For more details click on the attachment

Disclaimer & Disclosure: This document is prepared for our clients only, on the basis of publicly available information and other sources believed to be reliable. Whilst we are not soliciting any action based on this information, all care has been taken to ensure that the facts are accurate, fair and reasonable. This information is not intended as an offer or solicitation for the purchase or sell of any financial instrument and at any point should not be considered as an investment advice. Reader is requested to rely on his own decision and may take independent professional advice before investing. Hem Securities Limited, Hem Finlease Private Limited, Hem Multi Commodities Pvt. Limited, Directors and any of its employees shall not be responsible for the content. The person accessing this information specifically agrees to exempt Hem Securities Limited, Hem Finlease Private Limited, Hem Multi Commodities Pvt. Limited or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and further agrees to hold Hem Securities Limited, Hem Finlease Private Limited, Hem Multi Commodities Pvt. Limited or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors and delays. The companies and its affiliates, officers, directors, and employees, including persons involved in the preparation or issuance of this material may from time to time, have long or short positions in, and buy or sell the securities there of, company (ies) mentioned herein and the same have acted upon or used the information prior to, or immediately following the publication.

colgate_Multibugger.pdf

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