Asian Paints Ltd

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

Asian Paints Ltd

₹ 2,299 -0.57%
22 May - 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 ₹ 2,20,610 Cr.
  • Current Price ₹ 2,299
  • High / Low ₹ 3,395 / 2,125
  • Stock P/E 56.2
  • Book Value ₹ 202
  • Dividend Yield 1.08 %
  • ROCE 25.7 %
  • ROE 20.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
  • Company has been maintaining a healthy dividend payout of 61.1%

Cons

  • Stock is trading at 11.4 times its book value
  • The company has delivered a poor sales growth of 10.9% over past five years.

* 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

Sector: Paints/Varnish Industry: Paints / Varnishes

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
7,893 8,607 8,458 8,637 8,787 9,182 8,479 9,103 8,731 8,970 8,028 8,549 8,359
6,449 7,051 7,230 7,025 6,923 7,061 6,762 7,047 7,039 7,276 6,788 6,913 6,923
Operating Profit 1,443 1,556 1,228 1,611 1,865 2,121 1,716 2,056 1,691 1,694 1,240 1,637 1,436
OPM % 18% 18% 15% 19% 21% 23% 20% 23% 19% 19% 15% 19% 17%
-26 88 118 122 104 228 194 186 212 193 25 193 -60
Interest 23 29 35 41 39 46 51 54 54 55 63 56 53
Depreciation 205 208 216 214 220 198 209 220 226 228 242 256 301
Profit before tax 1,189 1,407 1,094 1,478 1,710 2,105 1,651 1,968 1,624 1,604 959 1,518 1,022
Tax % 26% 26% 27% 26% 26% 25% 25% 25% 21% 26% 28% 26% 31%
874 1,036 804 1,097 1,258 1,575 1,232 1,475 1,275 1,187 694 1,128 701
EPS in Rs 8.87 10.60 8.16 11.18 12.87 16.16 12.57 15.09 13.10 12.20 7.24 11.58 7.22
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
12,220 13,615 14,271 15,062 16,825 19,240 20,211 21,713 29,101 34,489 35,495 33,906
10,217 11,372 11,546 12,068 13,621 15,475 16,054 16,857 24,298 28,229 27,910 27,899
Operating Profit 2,004 2,243 2,725 2,994 3,204 3,765 4,157 4,856 4,804 6,260 7,585 6,006
OPM % 16% 16% 19% 20% 19% 20% 21% 22% 17% 18% 21% 18%
124 142 213 338 336 274 355 332 296 431 821 350
Interest 48 42 49 37 41 110 102 92 95 144 205 227
Depreciation 246 266 276 335 360 622 780 791 816 858 853 1,026
Profit before tax 1,834 2,077 2,614 2,960 3,138 3,306 3,629 4,304 4,188 5,689 7,348 5,103
Tax % 31% 31% 32% 32% 33% 33% 24% 26% 26% 26% 24% 27%
1,263 1,427 1,803 2,016 2,098 2,208 2,774 3,207 3,085 4,195 5,558 3,710
EPS in Rs 12.71 14.54 18.19 20.22 21.26 22.48 28.20 32.73 31.59 42.81 56.92 38.23
Dividend Payout % 42% 42% 41% 51% 41% 47% 43% 55% 61% 60% 58% 65%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 5%
TTM: -4%
Compounded Profit Growth
10 Years: 11%
5 Years: 8%
3 Years: 8%
TTM: -28%
Stock Price CAGR
10 Years: 12%
5 Years: 7%
3 Years: -10%
1 Year: -20%
Return on Equity
10 Years: 26%
5 Years: 26%
3 Years: 26%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 96 96 96 96 96 96 96 96 96 96 96 96
Reserves 3,943 4,646 6,429 7,508 8,314 9,375 10,034 12,710 13,716 15,896 18,632 19,304
249 418 323 560 533 1,320 1,118 1,093 1,587 1,933 2,474 2,290
3,787 3,754 3,711 4,241 4,820 5,459 4,889 6,456 7,560 7,854 8,698 8,681
Total Liabilities 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 29,901 30,371
2,562 2,660 3,416 3,304 3,732 6,497 6,272 5,859 5,519 5,770 7,147 9,220
CWIP 72 196 107 258 1,405 210 140 183 426 1,020 2,698 1,254
Investments 1,424 1,588 2,712 2,652 2,141 2,569 2,019 4,737 3,248 4,262 4,588 4,725
4,019 4,471 4,324 6,192 6,485 6,974 7,707 9,577 13,765 14,728 15,468 15,172
Total Assets 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 29,901 30,371

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,402 1,188 2,243 1,527 2,113 2,470 3,038 3,683 986 4,193 6,104 4,424
-586 -465 -866 -681 -1,556 -918 -518 -541 -317 -1,282 -2,548 -874
-626 -576 -849 -756 -1,379 -1,117 -2,871 -650 -1,808 -2,140 -2,982 -3,753
Net Cash Flow 190 147 528 90 -822 434 -351 2,492 -1,138 771 573 -203

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 33 32 30 35 38 36 32 44 49 49 50 46
Inventory Days 121 123 108 138 117 119 127 134 142 121 122 126
Days Payable 102 84 84 101 95 90 80 119 96 71 79 72
Cash Conversion Cycle 52 70 54 72 60 65 79 59 94 99 93 100
Working Capital Days 11 20 21 35 32 30 43 46 69 66 62 97
ROCE % 45% 42% 42% 38% 36% 33% 33% 34% 29% 34% 38% 26%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63%
18.51% 18.56% 18.11% 17.02% 17.48% 17.65% 17.32% 15.89% 15.27% 15.28% 13.61% 12.23%
8.42% 8.74% 9.16% 9.96% 10.01% 10.01% 10.52% 11.61% 12.30% 13.10% 13.98% 15.51%
0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
20.37% 19.99% 20.02% 20.32% 19.82% 19.64% 19.44% 19.78% 19.68% 18.88% 19.66% 19.51%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.06% 0.05% 0.05% 0.05%
No. of Shareholders 10,11,4479,11,6809,79,33110,82,6509,97,4559,85,2169,75,31911,05,32611,11,6019,75,80711,92,87612,13,836

* 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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