WEBSITE BSE:500820 NSE: ASIAN PAINTS Inc. Year: 1945 Industry: Paints
Last updated: 10:54
Asian Paints Limited is engaged within the commercial enterprise of manufacturing, promoting and distribution of paints, coatings, products associated with domestic decor, bathtub fittings and providing associated offerings. Its segments include Paints and Home Improvement. Paints section is engaged in manufacturing and trading of paints and related services. Home Improvement section is engaged in production and buying and selling bathtub fitting merchandise and associated services The Company manufactures paints, varnishes, enamels, or lacquer...Read More
Asian Paints Limited is engaged within the commercial enterprise of manufacturing, promoting and distribution of paints, coatings, products associated with domestic decor, bathtub fittings and providing associated offerings. Its segments include Paints and Home Improvement. Paints section is engaged in manufacturing and trading of paints and related services. Home Improvement section is engaged in production and buying and selling bathtub fitting merchandise and associated services The Company manufactures paints, varnishes, enamels, or lacquers, and surfacing preparations, which consist of organic composite solvents and thinners and different related products. It additionally manufactures organic and inorganic chemicals; metal sanitary ware such as baths, sinks, washbasins and similar articles and cosmetics and toiletries. It gives various offerings, along with indoors design provider, safe painting service, wood solutions, waterproofing, colour consultancy online and contractor finder services. ...Read Less
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Market Cap ₹232346 Cr.
Stock P/E 62.6
P/B 11.3
Current Price ₹2422.3
Book Value ₹ 214.6
Face Value 1
52W High ₹2985.5
Dividend Yield 1.02%
52W Low ₹ 2125
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 8479 | 9103 | 8731 | 8970 | 8028 | 8549 | 8359 | 8939 | 8531 | 8867 |
| Other Income | 165 | 139 | 187 | 156 | 174 | 143 | 100 | 193 | 199 | 161 |
| Total Income | 8644 | 9242 | 8918 | 9126 | 8201 | 8692 | 8459 | 9131 | 8730 | 9028 |
| Total Expenditure | 6762 | 7047 | 7039 | 7276 | 6788 | 6913 | 6923 | 7314 | 7028 | 7086 |
| Operating Profit | 1881 | 2195 | 1878 | 1850 | 1413 | 1780 | 1536 | 1818 | 1702 | 1942 |
| Interest | 51 | 54 | 54 | 55 | 63 | 56 | 53 | 45 | 44 | 48 |
| Depreciation | 209 | 220 | 226 | 228 | 242 | 256 | 301 | 301 | 305 | 313 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -180 | 0 | -183 | 0 | 0 | -158 |
| Profit Before Tax | 1622 | 1920 | 1599 | 1567 | 928 | 1468 | 999 | 1472 | 1353 | 1423 |
| Provision for Tax | 419 | 493 | 349 | 417 | 265 | 390 | 321 | 392 | 373 | 415 |
| Profit After Tax | 1203 | 1427 | 1250 | 1150 | 663 | 1079 | 678 | 1081 | 980 | 1008 |
| Adjustments | 2 | 20 | 7 | 20 | 32 | 32 | 14 | 19 | 14 | 52 |
| Profit After Adjustments | 1205 | 1448 | 1257 | 1170 | 695 | 1110 | 692 | 1100 | 994 | 1060 |
| Adjusted Earnings Per Share | 12.6 | 15.1 | 13.1 | 12.2 | 7.2 | 11.6 | 7.2 | 11.5 | 10.4 | 11 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 14183 | 14271 | 15168 | 16844 | 19248 | 20211 | 21713 | 29101 | 34489 | 35495 | 33906 | 34696 |
| Other Income | 170 | 213 | 262 | 221 | 233 | 304 | 303 | 380 | 386 | 688 | 573 | 653 |
| Total Income | 14353 | 14485 | 15431 | 17064 | 19481 | 20516 | 22016 | 29481 | 34875 | 36183 | 34478 | 35348 |
| Total Expenditure | 11940 | 11494 | 12174 | 13640 | 15478 | 16049 | 16857 | 24298 | 28229 | 27910 | 27899 | 28351 |
| Operating Profit | 2413 | 2991 | 3256 | 3425 | 4004 | 4466 | 5159 | 5184 | 6646 | 8273 | 6579 | 6998 |
| Interest | 42 | 49 | 37 | 41 | 110 | 102 | 92 | 95 | 144 | 205 | 227 | 190 |
| Depreciation | 266 | 276 | 335 | 360 | 622 | 781 | 791 | 816 | 858 | 853 | 1026 | 1220 |
| Exceptional Income / Expenses | -28 | -52 | 0 | 0 | 0 | 0 | 0 | -116 | -49 | 0 | -363 | -341 |
| Profit Before Tax | 2077 | 2614 | 2934 | 3068 | 3312 | 3634 | 4304 | 4188 | 5689 | 7348 | 5103 | 5247 |
| Provision for Tax | 650 | 844 | 943 | 1041 | 1098 | 855 | 1098 | 1103 | 1494 | 1790 | 1393 | 1501 |
| Profit After Tax | 1427 | 1769 | 1990 | 2028 | 2214 | 2779 | 3207 | 3085 | 4195 | 5558 | 3710 | 3747 |
| Adjustments | -32 | -24 | -51 | 11 | -58 | -74 | -67 | -54 | -89 | -97 | -42 | 99 |
| Profit After Adjustments | 1395 | 1745 | 1939 | 2039 | 2156 | 2705 | 3139 | 3031 | 4106 | 5460 | 3667 | 3846 |
| Adjusted Earnings Per Share | 14.5 | 18.2 | 20.2 | 21.3 | 22.5 | 28.2 | 32.7 | 31.6 | 42.8 | 56.9 | 38.2 | 40.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -4% | 5% | 11% | 9% |
| Operating Profit CAGR | -20% | 8% | 8% | 11% |
| PAT CAGR | -33% | 6% | 6% | 10% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 7% | -5% | -1% | 11% |
| ROE Average | 20% | 27% | 26% | 27% |
| ROCE Average | 27% | 35% | 35% | 37% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 4742 | 6525 | 7604 | 8410 | 9471 | 10130 | 12806 | 13812 | 15992 | 18728 | 19400 |
| Minority's Interest | 264 | 384 | 375 | 328 | 361 | 404 | 423 | 388 | 454 | 695 | 659 |
| Borrowings | 78 | 73 | 41 | 28 | 19 | 19 | 15 | 45 | 76 | 54 | 260 |
| Other Non-Current Liabilities | 311 | 429 | 500 | 546 | 1218 | 1205 | 1186 | 1144 | 1361 | 1922 | 1895 |
| Total Current Liabilities | 3519 | 3149 | 3885 | 4451 | 5180 | 4380 | 5926 | 7571 | 7896 | 8501 | 8141 |
| Total Liabilities | 8915 | 10559 | 12405 | 13763 | 16249 | 16138 | 20355 | 22958 | 25779 | 29901 | 30355 |
| Fixed Assets | 2660 | 3416 | 3304 | 3732 | 6497 | 6272 | 5859 | 5519 | 5770 | 7147 | 9220 |
| Other Non-Current Assets | 915 | 1408 | 2136 | 3117 | 2125 | 2286 | 2470 | 2287 | 3474 | 5217 | 4143 |
| Total Current Assets | 5339 | 5731 | 6951 | 6899 | 7612 | 7566 | 12013 | 15144 | 16535 | 17537 | 16992 |
| Total Assets | 8915 | 10559 | 12405 | 13763 | 16249 | 16138 | 20355 | 22958 | 25779 | 29901 | 30355 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 920 | 1050 | 1578 | 1668 | 846 | 1280 | 929 | 3421 | 2283 | 3054 | 3627 |
| Cash Flow from Operating Activities | 1188 | 2243 | 1527 | 2113 | 2470 | 3038 | 3683 | 986 | 4193 | 6104 | 4424 |
| Cash Flow from Investing Activities | -478 | -866 | -656 | -1599 | -944 | -521 | -548 | -322 | -1275 | -2518 | -874 |
| Cash Flow from Financing Activities | -576 | -849 | -756 | -1379 | -1117 | -2871 | -650 | -1808 | -2140 | -2983 | -3753 |
| Net Cash Inflow / Outflow | 134 | 528 | 115 | -865 | 408 | -355 | 2485 | -1143 | 779 | 603 | -203 |
| Closing Cash & Cash Equivalent | 1067 | 1578 | 1668 | 846 | 1280 | 929 | 3421 | 2283 | 3054 | 3627 | 3357 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 14.54 | 18.19 | 20.22 | 21.26 | 22.48 | 28.2 | 32.73 | 31.59 | 42.81 | 56.92 | 38.23 |
| CEPS(Rs) | 17.65 | 21.32 | 24.24 | 24.9 | 29.57 | 37.11 | 41.68 | 40.67 | 52.68 | 66.83 | 49.38 |
| DPS(Rs) | 6.1 | 7.5 | 10.3 | 8.7 | 10.5 | 12 | 17.85 | 19.15 | 25.65 | 33.3 | 24.8 |
| Book NAV/Share(Rs) | 49.44 | 68.02 | 79.27 | 87.68 | 98.73 | 105.61 | 133.51 | 143.85 | 166.45 | 194.75 | 201.66 |
| Core EBITDA Margin(%) | 13.56 | 15.56 | 15.69 | 16.07 | 17.1 | 17.86 | 19.08 | 13.97 | 15.24 | 17.7 | 14.32 |
| EBIT Margin(%) | 12.81 | 14.91 | 15.57 | 15.6 | 15.52 | 16.03 | 17.27 | 12.46 | 14.2 | 17.63 | 12.71 |
| Pre Tax Margin(%) | 12.56 | 14.64 | 15.37 | 15.39 | 15.02 | 15.59 | 16.91 | 12.18 | 13.85 | 17.15 | 12.17 |
| PAT Margin (%) | 8.63 | 9.91 | 10.43 | 10.17 | 10.04 | 11.93 | 12.6 | 8.97 | 10.21 | 12.97 | 8.85 |
| Cash Profit Margin (%) | 10.24 | 11.45 | 12.18 | 11.98 | 12.86 | 15.27 | 15.71 | 11.35 | 12.3 | 14.96 | 11.29 |
| ROA(%) | 16.8 | 18.17 | 17.33 | 15.5 | 14.75 | 17.16 | 17.57 | 14.24 | 17.22 | 19.96 | 12.31 |
| ROE(%) | 32.51 | 31.41 | 28.18 | 25.32 | 24.76 | 28.36 | 27.96 | 23.19 | 28.19 | 32.08 | 19.51 |
| ROCE(%) | 44.85 | 44.35 | 39.58 | 36.36 | 35.95 | 36.31 | 37.19 | 30.88 | 36.98 | 41.05 | 26.58 |
| Receivable days | 25.3 | 24.21 | 25.18 | 29.08 | 30.1 | 29 | 31.54 | 34.37 | 37.79 | 40.58 | 40.05 |
| Inventory Days | 47.77 | 43.51 | 44.23 | 48.37 | 48.06 | 51.21 | 51.55 | 52.83 | 54.92 | 51.69 | 55.02 |
| Payable days | 89.38 | 83.95 | 90.54 | 89.89 | 86.07 | 84.87 | 97.41 | 87.14 | 73.2 | 71.18 | 74.21 |
| PER(x) | 55.6 | 47.75 | 52.98 | 52.72 | 66.38 | 59.1 | 77.51 | 97.54 | 64.51 | 50 | 61.14 |
| Price/Book(x) | 16.36 | 12.77 | 13.51 | 12.78 | 15.11 | 15.78 | 19 | 21.42 | 16.59 | 14.61 | 11.59 |
| Dividend Yield(%) | 0.75 | 0.86 | 0.96 | 0.78 | 0.7 | 0.72 | 0.7 | 0.62 | 0.93 | 1.17 | 1.06 |
| EV/Net Sales(x) | 5.48 | 5.83 | 6.76 | 6.39 | 7.44 | 7.89 | 11.19 | 10.15 | 7.68 | 7.69 | 6.62 |
| EV/Core EBITDA(x) | 32.24 | 27.83 | 31.48 | 31.43 | 35.79 | 35.7 | 47.12 | 57.01 | 39.88 | 33 | 34.1 |
| Net Sales Growth(%) | 11.55 | 0.63 | 6.28 | 11.05 | 14.28 | 5 | 7.43 | 34.03 | 18.51 | 2.92 | -4.48 |
| EBIT Growth(%) | 12.58 | 25.66 | 11.57 | 4.68 | 10.05 | 9.17 | 17.66 | -1.93 | 36.19 | 29.48 | -29.43 |
| PAT Growth(%) | 13.03 | 23.96 | 12.49 | 1.87 | 9.19 | 25.53 | 15.39 | -2.94 | 36 | 32.47 | -33.25 |
| EPS Growth(%) | 14.47 | 25.09 | 11.13 | 5.13 | 5.74 | 25.48 | 16.05 | -3.46 | 35.5 | 32.97 | -32.84 |
| Debt/Equity(x) | 0.09 | 0.05 | 0.07 | 0.06 | 0.07 | 0.04 | 0.03 | 0.06 | 0.06 | 0.06 | 0.04 |
| Current Ratio(x) | 1.52 | 1.82 | 1.79 | 1.55 | 1.47 | 1.73 | 2.03 | 2 | 2.09 | 2.06 | 2.09 |
| Quick Ratio(x) | 0.88 | 1.19 | 1.11 | 0.95 | 0.86 | 0.95 | 1.39 | 1.19 | 1.31 | 1.37 | 1.26 |
| Interest Cover(x) | 50.17 | 54.34 | 79.59 | 74.99 | 30.98 | 36.51 | 47.98 | 44.89 | 40.38 | 36.81 | 23.48 |
| Total Debt/Mcap(x) | 0.01 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 |
| FII | 17.65 | 17.32 | 15.89 | 15.27 | 15.28 | 13.61 | 12.22 | 11.85 | 11.64 | 12.78 |
| DII | 10.05 | 10.58 | 11.66 | 12.36 | 13.16 | 14.06 | 15.58 | 21.04 | 21.58 | 21.15 |
| Public | 19.67 | 19.48 | 19.82 | 19.75 | 18.93 | 19.71 | 19.57 | 14.48 | 14.16 | 13.45 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.48 | 50.48 | 50.48 | 50.48 | 50.48 | 50.48 | 50.48 | 50.48 | 50.48 | 50.48 |
| FII | 16.93 | 16.61 | 15.24 | 14.65 | 14.66 | 13.05 | 11.73 | 11.37 | 11.16 | 12.26 |
| DII | 9.64 | 10.15 | 11.19 | 11.85 | 12.62 | 13.48 | 14.95 | 20.18 | 20.7 | 20.28 |
| Public | 18.87 | 18.68 | 19.01 | 18.94 | 18.16 | 18.91 | 18.77 | 13.89 | 13.58 | 12.9 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 95.92 | 95.92 | 95.92 | 95.92 | 95.92 | 95.92 | 95.92 | 95.92 | 95.92 | 95.92 |
* The pros and cons are machine generated.
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