Asian Paints Ltd
Asian Paints is engaged in the Business of Manufacture of paints, varnishes, enamels or lacquers, Manufacture of surfacing preparations; organic composite solvents and thinners, and other related product, Manufacture of organic and inorganic chemical compounds and Manufacture of metal sanitary ware such as bath, sinks, washbasins and similar articles.
- Market Cap ₹ 260,552 Cr.
- Current Price ₹ 2,716
- High / Low ₹ 2,873 / 1,431
- Stock P/E 92.5
- Book Value ₹ 115
- Dividend Yield 0.44 %
- ROCE 33.8 %
- ROE 28.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.39%
- Company has been maintaining a healthy dividend payout of 43.40%
Cons
- Stock is trading at 23.62 times its book value
- The company has delivered a poor growth of 8.22% over past five years.
Peer comparison
Sector: Paints/Varnish Industry: Paints / Varnishes
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,484 | 4,390 | 4,615 | 5,263 | 4,992 | 5,105 | 5,051 | 5,420 | 4,636 | 2,923 | 5,350 | 6,788 | |
3,644 | 3,461 | 3,772 | 4,159 | 4,108 | 3,949 | 4,099 | 4,231 | 3,776 | 2,453 | 4,085 | 5,001 | |
Operating Profit | 840 | 930 | 844 | 1,104 | 883 | 1,156 | 952 | 1,189 | 860 | 470 | 1,265 | 1,788 |
OPM % | 19% | 21% | 18% | 21% | 18% | 23% | 19% | 22% | 19% | 16% | 24% | 26% |
Other Income | 44 | 73 | 73 | 65 | 63 | 86 | 121 | 89 | 60 | 47 | 94 | 123 |
Interest | 9 | 21 | 26 | 29 | 30 | 27 | 26 | 24 | 26 | 20 | 21 | 21 |
Depreciation | 91 | 136 | 144 | 165 | 179 | 192 | 197 | 197 | 194 | 191 | 194 | 193 |
Profit before tax | 784 | 846 | 747 | 974 | 738 | 1,023 | 849 | 1,057 | 699 | 306 | 1,146 | 1,697 |
Tax % | 37% | 33% | 32% | 34% | 34% | 34% | 1% | 26% | 31% | 28% | 26% | 25% |
Net Profit | 481 | 557 | 492 | 636 | 472 | 655 | 823 | 764 | 462 | 218 | 830 | 1,238 |
EPS in Rs | 5.01 | 5.81 | 5.12 | 6.63 | 4.92 | 6.83 | 8.58 | 7.97 | 4.82 | 2.28 | 8.66 | 12.91 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5,260 | 6,434 | 7,403 | 9,231 | 10,504 | 12,220 | 13,615 | 14,271 | 15,062 | 16,825 | 19,240 | 20,211 | 19,697 | |
4,587 | 5,198 | 6,072 | 7,720 | 8,767 | 10,227 | 11,400 | 11,546 | 12,068 | 13,621 | 15,475 | 16,049 | 15,314 | |
Operating Profit | 673 | 1,236 | 1,331 | 1,511 | 1,737 | 1,994 | 2,215 | 2,725 | 2,994 | 3,204 | 3,765 | 4,162 | 4,383 |
OPM % | 13% | 19% | 18% | 16% | 17% | 16% | 16% | 19% | 20% | 19% | 20% | 21% | 22% |
Other Income | 51 | 142 | 68 | 107 | 114 | 134 | 170 | 213 | 338 | 336 | 274 | 355 | 324 |
Interest | 32 | 37 | 26 | 43 | 42 | 48 | 42 | 49 | 37 | 41 | 110 | 108 | 87 |
Depreciation | 74 | 84 | 113 | 121 | 155 | 246 | 266 | 276 | 335 | 360 | 622 | 780 | 772 |
Profit before tax | 617 | 1,257 | 1,260 | 1,454 | 1,655 | 1,834 | 2,077 | 2,614 | 2,960 | 3,138 | 3,306 | 3,629 | 3,847 |
Tax % | 32% | 30% | 30% | 30% | 30% | 31% | 31% | 32% | 32% | 33% | 33% | 24% | |
Net Profit | 398 | 836 | 843 | 989 | 1,114 | 1,219 | 1,395 | 1,745 | 1,939 | 2,039 | 2,156 | 2,705 | 2,749 |
EPS in Rs | 4.15 | 8.71 | 8.79 | 10.31 | 11.61 | 12.71 | 14.54 | 18.19 | 20.22 | 21.26 | 22.48 | 28.20 | 28.67 |
Dividend Payout % | 42% | 31% | 36% | 39% | 40% | 42% | 42% | 41% | 51% | 41% | 47% | 43% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 8% |
3 Years: | 10% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 11% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 26% |
3 Years: | 32% |
1 Year: | 53% |
Return on Equity | |
---|---|
10 Years: | 30% |
5 Years: | 28% |
3 Years: | 26% |
Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | |
Reserves | 1,107 | 1,614 | 2,092 | 2,653 | 3,288 | 3,943 | 4,646 | 6,429 | 7,508 | 8,314 | 9,375 | 10,034 | 10,934 |
Borrowings | 309 | 229 | 233 | 341 | 251 | 249 | 418 | 323 | 560 | 533 | 1,320 | 1,118 | 1,079 |
1,321 | 1,845 | 2,190 | 2,623 | 3,149 | 3,787 | 3,754 | 3,711 | 4,241 | 4,820 | 5,459 | 4,889 | 5,263 | |
Total Liabilities | 2,833 | 3,785 | 4,611 | 5,712 | 6,784 | 8,075 | 8,914 | 10,559 | 12,405 | 13,763 | 16,249 | 16,138 | 17,371 |
864 | 910 | 1,310 | 1,301 | 2,441 | 2,562 | 2,660 | 3,416 | 3,304 | 3,732 | 6,497 | 6,272 | 6,037 | |
CWIP | 92 | 407 | 43 | 617 | 59 | 72 | 196 | 107 | 258 | 1,405 | 210 | 140 | 148 |
Investments | 78 | 624 | 429 | 355 | 296 | 1,424 | 1,588 | 2,712 | 2,652 | 2,141 | 2,569 | 2,019 | 3,345 |
1,799 | 1,844 | 2,828 | 3,440 | 3,989 | 4,019 | 4,471 | 4,324 | 6,192 | 6,485 | 6,974 | 7,707 | 7,841 | |
Total Assets | 2,833 | 3,785 | 4,611 | 5,712 | 6,784 | 8,075 | 8,914 | 10,559 | 12,405 | 13,763 | 16,249 | 16,138 | 17,371 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
402 | 1,063 | 762 | 710 | 1,187 | 1,402 | 1,188 | 2,243 | 1,527 | 2,113 | 2,470 | 2,632 | |
-270 | -304 | -439 | -386 | -463 | -586 | -465 | -866 | -681 | -1,556 | -918 | -518 | |
-230 | -332 | -334 | -327 | -601 | -626 | -576 | -849 | -756 | -1,379 | -1,117 | -2,465 | |
Net Cash Flow | -99 | 427 | -11 | -2 | 123 | 190 | 147 | 528 | 90 | -822 | 434 | -351 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 47% | 71% | 59% | 53% | 50% | 47% | 45% | 44% | 40% | 37% | 34% | 34% |
Debtor Days | 40 | 31 | 28 | 31 | 34 | 33 | 32 | 30 | 35 | 38 | 36 | 32 |
Inventory Turnover | 3.90 | 3.69 | 3.39 | 3.47 | 3.27 | 3.27 | 3.74 | 3.84 | 3.04 | 3.17 | 3.37 | 3.02 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 5h
- Shareholding for the Period Ended December 31, 2020 10h
- Results - Financial Results For The Quarter And Nine Months Ended 31St December, 2020 12h
- Outcome Of Board Meeting In Accordance With SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations') 12h
- Statement Of Investor Complaints For The Quarter Ended December 2020 1d
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse
- Financial Year 2009 from nse