Asian Paints Ltd

Asian Paints Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Asian Paints Ltd

₹ 2,659 -1.02%
08 Jun - close price
asianpaints.com BSE: 500820 NSE: ASIANPAINT
About

Asian Paints is the largest home decor company in India. The 80+yr old company has major brands like Asian Paints, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows.

Key Points

Business Segments

Website BSE NSE
  • Market Cap ₹ 2,55,070 Cr.
  • Current Price ₹ 2,659
  • High / Low ₹ 2,986 / 2,115
  • Stock P/E 58.4
  • Book Value ₹ 217
  • Dividend Yield 1.03 %
  • ROCE 27.8 %
  • ROE 22.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%
  • Company has been maintaining a healthy dividend payout of 62.9%

Cons

  • Stock is trading at 12.3 times its book value
  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Working capital days have increased from 77.3 days to 116 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Paints

Part of BSE Sensex Nifty 50 BSE 500 BSE Consumer Durables BSE 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
7,626 8,114 7,342 7,913 7,577 7,976 6,967 7,418 7,192 7,868 7,356 7,624 7,920
5,878 6,114 5,757 6,016 6,023 6,380 5,843 5,909 5,867 6,348 5,997 5,995 6,250
Operating Profit 1,748 2,000 1,585 1,897 1,554 1,596 1,123 1,509 1,325 1,520 1,359 1,629 1,670
OPM % 23% 25% 22% 24% 21% 20% 16% 20% 18% 19% 18% 21% 21%
125 217 172 238 197 224 -19 227 -42 248 232 91 195
Interest 25 26 28 31 33 33 42 35 34 30 30 28 39
Depreciation 194 172 179 190 196 198 210 224 269 269 273 275 267
Profit before tax 1,654 2,018 1,551 1,914 1,522 1,589 853 1,476 980 1,468 1,288 1,417 1,559
Tax % 25% 25% 25% 25% 21% 25% 30% 25% 29% 25% 26% 28% 26%
1,234 1,508 1,160 1,444 1,209 1,189 597 1,104 695 1,100 956 1,027 1,161
EPS in Rs 12.86 15.73 12.10 15.05 12.61 12.40 6.23 11.51 7.24 11.46 9.96 10.70 12.10
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
11,110 11,830 12,647 14,168 16,392 17,194 18,517 25,189 30,078 31,227 29,553 30,769
9,095 9,415 9,973 11,242 12,885 13,335 14,024 20,601 24,258 24,183 24,000 24,589
Operating Profit 2,015 2,415 2,674 2,926 3,507 3,859 4,493 4,588 5,820 7,044 5,552 6,180
OPM % 18% 20% 21% 21% 21% 22% 24% 18% 19% 23% 19% 20%
173 249 300 275 285 324 366 398 518 822 391 766
Interest 31 27 22 24 81 80 72 70 93 124 144 127
Depreciation 223 235 295 311 541 690 697 722 756 743 902 1,086
Profit before tax 1,934 2,403 2,657 2,866 3,170 3,413 4,090 4,194 5,490 6,999 4,897 5,734
Tax % 31% 32% 32% 34% 33% 22% 25% 25% 25% 24% 27% 26%
1,327 1,623 1,802 1,895 2,132 2,654 3,053 3,135 4,100 5,315 3,585 4,244
EPS in Rs 13.84 16.92 18.78 19.75 22.23 27.67 31.82 32.68 42.75 55.41 37.37 44.25
Dividend Payout % 44% 44% 55% 44% 47% 43% 56% 59% 60% 60% 66% 62%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 1%
TTM: 4%
Compounded Profit Growth
10 Years: 10%
5 Years: 8%
3 Years: 2%
TTM: 13%
Stock Price CAGR
10 Years: 10%
5 Years: -2%
3 Years: -6%
1 Year: 18%
Return on Equity
10 Years: 26%
5 Years: 25%
3 Years: 24%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 96 96 96 96 96 96 96 96 96 96 96 96
Reserves 4,134 5,830 6,999 7,702 8,747 9,357 11,995 13,253 15,490 18,193 18,888 20,686
40 36 39 11 614 663 648 714 892 1,280 1,199 2,369
3,004 2,764 3,224 3,778 4,226 3,471 4,843 5,845 6,052 6,467 6,471 6,934
Total Liabilities 7,274 8,725 10,358 11,588 13,683 13,588 17,583 19,908 22,530 26,036 26,653 30,084
1,965 2,629 2,605 2,569 5,221 4,961 4,603 4,554 4,643 5,494 7,931 7,742
CWIP 140 93 220 1,392 179 108 110 225 978 2,561 386 1,754
Investments 1,894 2,797 2,914 2,577 2,964 2,658 5,341 3,811 4,912 5,471 6,044 7,510
3,275 3,207 4,620 5,050 5,318 5,861 7,529 11,318 11,997 12,510 12,293 13,078
Total Assets 7,274 8,725 10,358 11,588 13,683 13,588 17,583 19,908 22,530 26,036 26,653 30,084

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,144 1,980 1,420 2,136 2,395 2,407 3,460 1,260 4,222 5,757 4,166 6,761
-292 -863 -584 -1,371 -833 -775 -437 -340 -1,397 -2,270 -832 -1,190
-728 -704 -956 -1,239 -1,089 -2,095 -583 -1,989 -2,185 -2,948 -3,416 -2,144
Net Cash Flow 124 413 -120 -474 473 -462 2,440 -1,069 640 540 -82 3,426
Free Cash Flow 809 1,305 810 787 1,343 2,118 3,267 873 3,014 3,573 3,107 5,567
CFO/OP 86% 113% 85% 107% 94% 87% 100% 52% 97% 106% 99% 133%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 24 23 29 29 28 24 36 42 42 43 39 38
Inventory Days 122 106 141 117 117 127 133 143 120 121 143 103
Days Payable 89 88 107 99 94 79 120 95 69 77 76 67
Cash Conversion Cycle 57 42 62 47 51 72 49 91 93 88 106 75
Working Capital Days 7 14 30 25 20 39 41 67 62 57 59 116
ROCE % 49% 47% 41% 39% 37% 36% 36% 32% 36% 40% 27% 28%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Domestic Decorative Business Volume Growth
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Total Domestic Decorative Paint Capacity
KL / annum
Active Dealers/Distributors
Numbers
Beautiful Home Store Network
Stores
Retail Touchpoints
Numbers

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63%
17.48% 17.65% 17.32% 15.89% 15.27% 15.28% 13.61% 12.23% 11.85% 11.64% 12.78% 12.11%
10.01% 10.01% 10.52% 11.61% 12.30% 13.10% 13.98% 15.51% 20.98% 21.50% 21.08% 21.74%
0.05% 0.05% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.07% 0.07% 0.07%
19.82% 19.64% 19.44% 19.78% 19.68% 18.88% 19.66% 19.51% 14.41% 14.09% 13.37% 13.39%
0.04% 0.04% 0.04% 0.04% 0.06% 0.05% 0.05% 0.05% 0.07% 0.06% 0.06% 0.06%
No. of Shareholders 9,97,4559,85,2169,75,31911,05,32611,11,6019,75,80711,92,87612,13,83611,71,14511,08,40410,00,99910,01,799

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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