Asian Paints Ltd

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

Asian Paints Ltd

₹ 2,478 -0.43%
12 Aug - 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 ₹ 2,37,718 Cr.
  • Current Price ₹ 2,478
  • High / Low ₹ 3,395 / 2,125
  • Stock P/E 61.8
  • Book Value ₹ 202
  • Dividend Yield 1.00 %
  • 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 12.2 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

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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
8,607 8,458 8,637 8,787 9,182 8,479 9,103 8,731 8,970 8,028 8,549 8,359 8,939
7,051 7,230 7,025 6,923 7,061 6,762 7,047 7,039 7,276 6,788 6,913 6,923 7,314
Operating Profit 1,556 1,228 1,611 1,865 2,121 1,716 2,056 1,691 1,694 1,240 1,637 1,436 1,625
OPM % 18% 15% 19% 21% 23% 20% 23% 19% 19% 15% 19% 17% 18%
88 118 122 104 228 194 186 212 193 25 193 -60 229
Interest 29 35 41 39 46 51 54 54 55 63 56 53 44
Depreciation 208 216 214 220 198 209 220 226 228 242 256 301 301
Profit before tax 1,407 1,094 1,478 1,710 2,105 1,651 1,968 1,624 1,604 959 1,518 1,022 1,509
Tax % 26% 27% 26% 26% 25% 25% 25% 21% 26% 28% 26% 31% 26%
1,036 804 1,097 1,258 1,575 1,232 1,475 1,275 1,187 694 1,128 701 1,117
EPS in Rs 10.60 8.16 11.18 12.87 16.16 12.57 15.09 13.10 12.20 7.24 11.58 7.22 11.47
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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 TTM
12,220 13,615 14,271 15,062 16,825 19,240 20,211 21,713 29,101 34,489 35,495 33,906 33,874
10,217 11,372 11,546 12,068 13,621 15,475 16,054 16,857 24,298 28,229 27,910 27,899 27,937
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 5,937
OPM % 16% 16% 19% 20% 19% 20% 21% 22% 17% 18% 21% 18% 18%
124 142 213 338 336 274 355 332 296 431 821 350 386
Interest 48 42 49 37 41 110 102 92 95 144 205 227 216
Depreciation 246 266 276 335 360 622 780 791 816 858 853 1,026 1,100
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 5,008
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 3,640
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 37.51
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: -24%
Stock Price CAGR
10 Years: 11%
5 Years: 7%
3 Years: -10%
1 Year: -18%
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 8,665
Total Liabilities 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 29,901 30,355
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 15,156
Total Assets 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 29,901 30,355

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 -941
-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 -270

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 121 123 108 138 117 119 127 134 142 121 122 142
Days Payable 102 84 84 101 95 90 80 119 96 71 79 81
Cash Conversion Cycle 52 70 54 72 60 65 79 59 94 99 93 107
Working Capital Days 5 11 15 22 22 16 34 37 57 54 49 52
ROCE % 45% 42% 42% 38% 36% 33% 33% 34% 29% 34% 38% 26%

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 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%
18.56% 18.11% 17.02% 17.48% 17.65% 17.32% 15.89% 15.27% 15.28% 13.61% 12.23% 11.85%
8.74% 9.16% 9.96% 10.01% 10.01% 10.52% 11.61% 12.30% 13.10% 13.98% 15.51% 20.98%
0.04% 0.04% 0.05% 0.05% 0.05% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
19.99% 20.02% 20.32% 19.82% 19.64% 19.44% 19.78% 19.68% 18.88% 19.66% 19.51% 14.41%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.06% 0.05% 0.05% 0.05% 0.07%
No. of Shareholders 9,11,6809,79,33110,82,6509,97,4559,85,2169,75,31911,05,32611,11,6019,75,80711,92,87612,13,83611,71,145

* 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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