Asian Paints Ltd

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

Asian Paints Ltd

₹ 2,809 0.03%
19 Apr - close price
asianpaints.com BSE: 500820 NSE : ASIANPAINT
About

Asian Paints is the largest home decor company in India. The 80+yyr old company has major brands like Asian Paints, Berger, 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

Brand[1]
The Asian Paints group has some of the leading brands under its umbrella like Asian Paints, Sleek, Berger, Weather Seal, Apco, Taubman, Kadisco, Scib etc. In FY23, 25 patents were filed and 10 were granted. 22 new products were launched in FY23.[2] The company has total 49 patents in its name till FY23. [3]

Website BSE NSE
  • Market Cap ₹ 2,69,396 Cr.
  • Current Price ₹ 2,809
  • High / Low ₹ 3,568 / 2,766
  • Stock P/E 49.4
  • Book Value ₹ 173
  • Dividend Yield 0.91 %
  • ROCE 34.4 %
  • ROE 27.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
  • Company has been maintaining a healthy dividend payout of 58.4%

Cons

  • Stock is trading at 16.3 times its book value

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6,788 6,651 5,585 7,096 8,527 7,893 8,607 8,458 8,637 8,787 9,182 8,479 9,103
5,001 5,333 4,674 6,192 6,985 6,449 7,051 7,230 7,025 6,923 7,061 6,762 7,047
Operating Profit 1,788 1,318 911 904 1,542 1,443 1,556 1,228 1,611 1,865 2,121 1,716 2,056
OPM % 26% 20% 16% 13% 18% 18% 18% 15% 19% 21% 23% 20% 23%
123 81 90 148 87 -26 88 118 122 104 228 194 186
Interest 21 30 21 24 27 23 29 35 41 39 46 51 54
Depreciation 193 213 201 203 208 205 208 216 214 220 198 209 220
Profit before tax 1,697 1,156 779 826 1,394 1,189 1,407 1,094 1,478 1,710 2,105 1,651 1,968
Tax % 25% 25% 26% 27% 26% 26% 26% 27% 26% 26% 25% 25% 25%
1,265 870 574 605 1,031 874 1,036 804 1,097 1,258 1,575 1,232 1,475
EPS in Rs 12.91 8.88 5.93 6.21 10.59 8.87 10.60 8.16 11.18 12.87 16.16 12.57 15.09
Raw PDF
Upcoming result date: 9 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
9,231 10,504 12,220 13,615 14,271 15,062 16,825 19,240 20,211 21,713 29,101 34,489 35,551
7,720 8,767 10,217 11,372 11,546 12,068 13,621 15,475 16,054 16,857 24,298 28,229 27,793
Operating Profit 1,511 1,737 2,004 2,243 2,725 2,994 3,204 3,765 4,157 4,856 4,804 6,260 7,758
OPM % 16% 17% 16% 16% 19% 20% 19% 20% 21% 22% 17% 18% 22%
107 114 124 142 213 338 336 274 355 332 296 431 713
Interest 43 42 48 42 49 37 41 110 102 92 95 144 190
Depreciation 121 155 246 266 276 335 360 622 780 791 816 858 848
Profit before tax 1,454 1,655 1,834 2,077 2,614 2,960 3,138 3,306 3,629 4,304 4,188 5,689 7,434
Tax % 30% 30% 31% 31% 32% 32% 33% 33% 24% 26% 26% 26%
1,021 1,160 1,263 1,427 1,803 2,016 2,098 2,208 2,774 3,207 3,085 4,195 5,541
EPS in Rs 10.31 11.61 12.71 14.54 18.19 20.22 21.26 22.48 28.20 32.73 31.59 42.81 56.69
Dividend Payout % 39% 40% 42% 42% 41% 51% 41% 47% 43% 55% 61% 60%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 20%
TTM: 6%
Compounded Profit Growth
10 Years: 14%
5 Years: 15%
3 Years: 15%
TTM: 43%
Stock Price CAGR
10 Years: 18%
5 Years: 14%
3 Years: 3%
1 Year: -3%
Return on Equity
10 Years: 27%
5 Years: 26%
3 Years: 26%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 96 96 96 96 96 96 96 96 96 96 96 96 96
Reserves 2,653 3,288 3,943 4,646 6,429 7,508 8,314 9,375 10,034 12,710 13,716 15,896 16,466
341 251 249 418 323 560 533 1,320 1,118 1,093 1,587 1,933 2,327
2,623 3,149 3,787 3,754 3,711 4,241 4,820 5,459 4,889 6,456 7,560 7,854 8,533
Total Liabilities 5,712 6,784 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 27,422
1,301 2,441 2,562 2,660 3,416 3,304 3,732 6,497 6,272 5,859 5,519 5,770 6,303
CWIP 617 59 72 196 107 258 1,405 210 140 183 426 1,020 1,999
Investments 355 296 1,424 1,588 2,712 2,652 2,141 2,569 2,019 4,737 3,248 4,262 4,641
3,440 3,989 4,019 4,471 4,324 6,192 6,485 6,974 7,707 9,577 13,765 14,728 14,478
Total Assets 5,712 6,784 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 27,422

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
710 1,187 1,402 1,188 2,243 1,527 2,113 2,470 3,038 3,683 986 4,193
-386 -463 -586 -465 -866 -681 -1,556 -918 -518 -541 -317 -1,282
-327 -601 -626 -576 -849 -756 -1,379 -1,117 -2,871 -650 -1,808 -2,140
Net Cash Flow -2 123 190 147 528 90 -822 434 -351 2,492 -1,138 771

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 31 34 33 32 30 35 38 36 32 44 49 49
Inventory Days 118 122 121 123 108 138 117 119 127 134 142 121
Days Payable 98 96 102 84 84 101 95 90 80 119 96 71
Cash Conversion Cycle 51 60 52 70 54 72 60 65 79 59 94 99
Working Capital Days 11 13 11 20 21 35 32 30 43 46 69 66
ROCE % 51% 47% 45% 42% 42% 38% 36% 33% 33% 34% 29% 34%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.79% 52.79% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63%
20.72% 20.96% 20.48% 19.45% 18.51% 18.56% 18.11% 17.02% 17.48% 17.65% 17.32% 15.89%
7.26% 6.84% 7.15% 7.57% 8.42% 8.74% 9.16% 9.96% 10.01% 10.01% 10.52% 11.61%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.06% 0.06%
19.18% 19.35% 19.68% 20.29% 20.37% 19.99% 20.02% 20.32% 19.82% 19.64% 19.44% 19.78%
0.00% 0.02% 0.02% 0.02% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
No. of Shareholders 4,92,8675,77,1537,12,2619,46,87610,11,4479,11,6809,79,33110,82,6509,97,4559,85,2169,75,31911,05,326

* 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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