Share Price and Basic Stock Data
Last Updated: January 3, 2026, 10:47 am
| PEG Ratio | 12.82 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Asian Paints Ltd operates in the paints and varnishes industry and is a leading player in the Indian market. The company’s stock price stood at ₹2,773, with a market capitalization of ₹2,65,947 Cr. Asian Paints reported a total sales figure of ₹34,489 Cr for the fiscal year ending March 2023, reflecting a significant increase from ₹29,101 Cr in the previous fiscal year. The sales trajectory has shown consistent growth, with quarterly sales peaking at ₹9,182 Cr in June 2023 before slightly declining to ₹8,479 Cr in September 2023. Despite fluctuations in quarterly sales, the overall trend indicates robust demand for its products, driven by both residential and commercial segments. The trailing twelve months (TTM) sales stood at ₹34,378 Cr, showcasing resilience in revenue generation amidst competitive pressures in the industry.
Profitability and Efficiency Metrics
Asian Paints demonstrated commendable profitability, with a reported net profit of ₹3,965 Cr and a net profit margin of 10.52% for the fiscal year ending March 2025. Operating profit margins (OPM) fluctuated throughout the reporting periods, reaching a high of 23% in June 2023 before settling at 18% in the latest fiscal year. The company’s return on equity (ROE) is reported at 20.6%, indicating efficient utilization of shareholders’ funds. Additionally, the return on capital employed (ROCE) stood at 25.7%, underscoring effective capital management. However, the interest coverage ratio, while strong at 28.98x, reflects the potential risk of high leverage in a fluctuating market environment. The company’s ability to maintain profitability amidst rising raw material costs in the industry highlights its operational effectiveness and pricing power.
Balance Sheet Strength and Financial Ratios
Asian Paints maintains a robust balance sheet with total assets recorded at ₹30,355 Cr as of March 2025. The company’s reserves increased to ₹19,304 Cr, while borrowings stood at ₹2,290 Cr, resulting in a low debt-to-equity ratio of 0.04, indicating minimal reliance on debt financing. The current ratio is reported at 2.09, suggesting strong liquidity and the ability to meet short-term obligations. Furthermore, the company’s price-to-book value (P/BV) ratio is 11.56x, reflecting a premium valuation compared to typical sector ranges. The company also recorded a cash conversion cycle of 107 days, which, while higher than the previous year, still reflects effective inventory and receivables management. The overall financial ratios indicate a strong financial position, allowing Asian Paints to invest in growth opportunities while managing risks effectively.
Shareholding Pattern and Investor Confidence
Asian Paints’ shareholding structure reveals a stable promoter holding of 52.63%, which has remained consistent over multiple quarters, indicating strong control and commitment from the founding family. Foreign institutional investors (FIIs) have decreased their holdings from 18.11% in December 2022 to 11.64% by September 2025, suggesting a cautious approach amidst market volatility. Conversely, domestic institutional investors (DIIs) increased their stake to 21.50%, reflecting growing confidence among local investors. The total number of shareholders rose to 11,08,404, highlighting increased retail participation. This evolving shareholding pattern demonstrates a mixed sentiment, with domestic investors showing resilience while foreign investors appear more cautious, potentially impacting liquidity and stock price movements in the near term.
Outlook, Risks, and Final Insight
Asian Paints is well-positioned for continued growth, supported by its strong brand equity and market leadership. The company benefits from a diverse product portfolio and a robust distribution network. However, risks persist, including raw material price volatility and increasing competition from both domestic and international players. Additionally, the sensitivity of the housing and construction sectors to economic cycles could impact future revenue growth. The company’s ability to innovate and adapt to changing consumer preferences will be crucial in maintaining its competitive edge. Should the economic environment stabilize and consumer demand strengthen, Asian Paints could see improved margins and profitability. Conversely, any significant downturn in the economy or disruptions in supply chains could adversely affect its performance. Overall, the company’s fundamentals remain solid, providing a strong basis for future growth while necessitating vigilance regarding external challenges.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Sirca Paints India Ltd | 2,860 Cr. | 504 | 539/231 | 49.4 | 78.0 | 0.30 % | 20.0 % | 14.9 % | 10.0 |
| Shalimar Paints Ltd | 631 Cr. | 75.4 | 144/54.1 | 34.0 | 0.00 % | 12.8 % | 22.6 % | 2.00 | |
| Kansai Nerolac Paints Ltd | 19,492 Cr. | 241 | 275/218 | 29.9 | 80.1 | 1.04 % | 13.0 % | 10.4 % | 1.00 |
| Berger Paints India Ltd | 61,106 Cr. | 524 | 605/443 | 55.3 | 53.9 | 0.73 % | 24.9 % | 20.3 % | 1.00 |
| Akzo Nobel India Ltd | 14,626 Cr. | 3,212 | 3,958/3,022 | 37.5 | 495 | 3.11 % | 41.7 % | 32.2 % | 10.0 |
| Industry Average | 60,777.00 Cr | 1,221.57 | 47.66 | 157.50 | 1.01% | 23.02% | 20.17% | 4.17 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,458 | 8,637 | 8,787 | 9,182 | 8,479 | 9,103 | 8,731 | 8,970 | 8,028 | 8,549 | 8,359 | 8,939 | 8,531 |
| Expenses | 7,230 | 7,025 | 6,923 | 7,061 | 6,762 | 7,047 | 7,039 | 7,276 | 6,788 | 6,913 | 6,923 | 7,314 | 7,028 |
| Operating Profit | 1,228 | 1,611 | 1,865 | 2,121 | 1,716 | 2,056 | 1,691 | 1,694 | 1,240 | 1,637 | 1,436 | 1,625 | 1,503 |
| OPM % | 15% | 19% | 21% | 23% | 20% | 23% | 19% | 19% | 15% | 19% | 17% | 18% | 18% |
| Other Income | 118 | 122 | 104 | 228 | 194 | 186 | 212 | 193 | 25 | 193 | -60 | 229 | 237 |
| Interest | 35 | 41 | 39 | 46 | 51 | 54 | 54 | 55 | 63 | 56 | 53 | 44 | 44 |
| Depreciation | 216 | 214 | 220 | 198 | 209 | 220 | 226 | 228 | 242 | 256 | 301 | 301 | 305 |
| Profit before tax | 1,094 | 1,478 | 1,710 | 2,105 | 1,651 | 1,968 | 1,624 | 1,604 | 959 | 1,518 | 1,022 | 1,509 | 1,392 |
| Tax % | 27% | 26% | 26% | 25% | 25% | 25% | 21% | 26% | 28% | 26% | 31% | 26% | 27% |
| Net Profit | 804 | 1,097 | 1,258 | 1,575 | 1,232 | 1,475 | 1,275 | 1,187 | 694 | 1,128 | 701 | 1,117 | 1,018 |
| EPS in Rs | 8.16 | 11.18 | 12.87 | 16.16 | 12.57 | 15.09 | 13.10 | 12.20 | 7.24 | 11.58 | 7.22 | 11.47 | 10.36 |
Last Updated: January 2, 2026, 5:35 pm
Below is a detailed analysis of the quarterly data for Asian Paints Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 8,531.00 Cr.. The value appears to be declining and may need further review. It has decreased from 8,939.00 Cr. (Jun 2025) to 8,531.00 Cr., marking a decrease of 408.00 Cr..
- For Expenses, as of Sep 2025, the value is 7,028.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 7,314.00 Cr. (Jun 2025) to 7,028.00 Cr., marking a decrease of 286.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 1,503.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,625.00 Cr. (Jun 2025) to 1,503.00 Cr., marking a decrease of 122.00 Cr..
- For OPM %, as of Sep 2025, the value is 18.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 18.00%.
- For Other Income, as of Sep 2025, the value is 237.00 Cr.. The value appears strong and on an upward trend. It has increased from 229.00 Cr. (Jun 2025) to 237.00 Cr., marking an increase of 8.00 Cr..
- For Interest, as of Sep 2025, the value is 44.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 44.00 Cr..
- For Depreciation, as of Sep 2025, the value is 305.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 301.00 Cr. (Jun 2025) to 305.00 Cr., marking an increase of 4.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 1,392.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,509.00 Cr. (Jun 2025) to 1,392.00 Cr., marking a decrease of 117.00 Cr..
- For Tax %, as of Sep 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Jun 2025) to 27.00%, marking an increase of 1.00%.
- For Net Profit, as of Sep 2025, the value is 1,018.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,117.00 Cr. (Jun 2025) to 1,018.00 Cr., marking a decrease of 99.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 10.36. The value appears to be declining and may need further review. It has decreased from 11.47 (Jun 2025) to 10.36, marking a decrease of 1.11.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:45 am
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,220 | 13,615 | 14,271 | 15,062 | 16,825 | 19,240 | 20,211 | 21,713 | 29,101 | 34,489 | 35,495 | 33,906 | 34,378 |
| Expenses | 10,217 | 11,372 | 11,546 | 12,068 | 13,621 | 15,475 | 16,044 | 16,857 | 24,298 | 28,229 | 27,910 | 27,899 | 28,177 |
| Operating Profit | 2,004 | 2,243 | 2,725 | 2,994 | 3,204 | 3,765 | 4,167 | 4,856 | 4,804 | 6,260 | 7,585 | 6,006 | 6,201 |
| OPM % | 16% | 16% | 19% | 20% | 19% | 20% | 21% | 22% | 17% | 18% | 21% | 18% | 18% |
| Other Income | 124 | 142 | 213 | 338 | 336 | 274 | 350 | 332 | 296 | 431 | 821 | 350 | 599 |
| Interest | 48 | 42 | 49 | 37 | 41 | 110 | 108 | 92 | 95 | 144 | 205 | 227 | 197 |
| Depreciation | 246 | 266 | 276 | 335 | 360 | 622 | 780 | 791 | 816 | 858 | 853 | 1,026 | 1,162 |
| 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 | 5,441 |
| Tax % | 31% | 31% | 32% | 32% | 33% | 33% | 24% | 26% | 26% | 26% | 24% | 27% | |
| Net Profit | 1,263 | 1,427 | 1,803 | 2,016 | 2,098 | 2,208 | 2,774 | 3,207 | 3,085 | 4,195 | 5,558 | 3,710 | 3,965 |
| 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 | 40.63 |
| Dividend Payout % | 42% | 42% | 41% | 51% | 41% | 47% | 43% | 55% | 61% | 60% | 58% | 65% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 12.98% | 26.35% | 11.81% | 4.07% | 5.24% | 25.63% | 15.61% | -3.80% | 35.98% | 32.49% | -33.25% |
| Change in YoY Net Profit Growth (%) | 0.00% | 13.36% | -14.54% | -7.75% | 1.18% | 20.39% | -10.02% | -19.41% | 39.78% | -3.49% | -65.74% |
Asian Paints Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| 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: | 13% |
| 5 Years: | 6% |
| 3 Years: | -9% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 26% |
| 3 Years: | 26% |
| Last Year: | 21% |
Last Updated: September 4, 2025, 9:35 pm
Balance Sheet
Last Updated: December 4, 2025, 12:51 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 96 | 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 | 19,483 |
| Borrowings | 249 | 418 | 323 | 560 | 533 | 1,320 | 1,118 | 1,093 | 1,587 | 1,933 | 2,474 | 2,290 | 3,557 |
| Other Liabilities | 3,787 | 3,754 | 3,711 | 4,241 | 4,820 | 5,459 | 4,889 | 6,456 | 7,560 | 7,854 | 8,698 | 8,665 | 8,213 |
| 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 | 31,349 |
| Fixed Assets | 2,562 | 2,660 | 3,416 | 3,304 | 3,732 | 6,497 | 6,272 | 5,859 | 5,519 | 5,770 | 7,147 | 9,220 | 9,219 |
| CWIP | 72 | 196 | 107 | 258 | 1,405 | 210 | 140 | 183 | 426 | 1,020 | 2,698 | 1,254 | 1,766 |
| 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 | 5,431 |
| Other Assets | 4,019 | 4,471 | 4,324 | 6,192 | 6,485 | 6,974 | 7,707 | 9,577 | 13,765 | 14,728 | 15,468 | 15,156 | 14,932 |
| 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 | 31,349 |
Below is a detailed analysis of the balance sheet data for Asian Paints Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 96.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 96.00 Cr..
- For Reserves, as of Sep 2025, the value is 19,483.00 Cr.. The value appears strong and on an upward trend. It has increased from 19,304.00 Cr. (Mar 2025) to 19,483.00 Cr., marking an increase of 179.00 Cr..
- For Borrowings, as of Sep 2025, the value is 3,557.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 2,290.00 Cr. (Mar 2025) to 3,557.00 Cr., marking an increase of 1,267.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 8,213.00 Cr.. The value appears to be improving (decreasing). It has decreased from 8,665.00 Cr. (Mar 2025) to 8,213.00 Cr., marking a decrease of 452.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 31,349.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 30,355.00 Cr. (Mar 2025) to 31,349.00 Cr., marking an increase of 994.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 9,219.00 Cr.. The value appears to be declining and may need further review. It has decreased from 9,220.00 Cr. (Mar 2025) to 9,219.00 Cr., marking a decrease of 1.00 Cr..
- For CWIP, as of Sep 2025, the value is 1,766.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,254.00 Cr. (Mar 2025) to 1,766.00 Cr., marking an increase of 512.00 Cr..
- For Investments, as of Sep 2025, the value is 5,431.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,725.00 Cr. (Mar 2025) to 5,431.00 Cr., marking an increase of 706.00 Cr..
- For Other Assets, as of Sep 2025, the value is 14,932.00 Cr.. The value appears to be declining and may need further review. It has decreased from 15,156.00 Cr. (Mar 2025) to 14,932.00 Cr., marking a decrease of 224.00 Cr..
- For Total Assets, as of Sep 2025, the value is 31,349.00 Cr.. The value appears strong and on an upward trend. It has increased from 30,355.00 Cr. (Mar 2025) to 31,349.00 Cr., marking an increase of 994.00 Cr..
Notably, the Reserves (19,483.00 Cr.) exceed the Borrowings (3,557.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -247.00 | -416.00 | -321.00 | -558.00 | -530.00 | 2.00 | 3.00 | 3.00 | 3.00 | 5.00 | 5.00 | 4.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | 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% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Large Cap Fund | 8,300,000 | 4.29 | 2385.75 | N/A | N/A | N/A |
| ICICI Prudential Large Cap Fund | 6,368,109 | 2.34 | 1830.45 | N/A | N/A | N/A |
| SBI Equity Hybrid Fund | 5,700,000 | 1.97 | 1638.41 | N/A | N/A | N/A |
| SBI Focused Fund | 5,300,000 | 3.56 | 1523.43 | N/A | N/A | N/A |
| SBI Large & Midcap Fund | 3,844,000 | 2.98 | 1104.92 | N/A | N/A | N/A |
| SBI Multicap Fund | 2,604,000 | 3.12 | 748.49 | N/A | N/A | N/A |
| ICICI Prudential Multi Asset Fund | 2,342,950 | 0.9 | 673.46 | 3,105,450 | 2025-12-15 00:50:35 | -24.55% |
| Nippon India Small Cap Fund | 2,303,100 | 0.97 | 662 | N/A | N/A | N/A |
| Mirae Asset Large Cap Fund | 2,114,041 | 1.45 | 607.66 | N/A | N/A | N/A |
| ICICI Prudential Balanced Advantage Fund | 2,044,439 | 0.84 | 587.65 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 38.25 | 56.95 | 42.83 | 31.59 | 32.73 |
| Diluted EPS (Rs.) | 38.25 | 56.94 | 42.82 | 31.59 | 32.73 |
| Cash EPS (Rs.) | 47.91 | 65.45 | 51.70 | 40.34 | 41.38 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 202.25 | 195.25 | 171.45 | 148.03 | 137.92 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 202.25 | 195.25 | 171.45 | 148.03 | 137.92 |
| Revenue From Operations / Share (Rs.) | 353.48 | 370.05 | 359.56 | 303.39 | 226.36 |
| PBDIT / Share (Rs.) | 68.59 | 86.25 | 69.29 | 54.04 | 53.78 |
| PBIT / Share (Rs.) | 57.89 | 77.36 | 60.34 | 45.53 | 45.53 |
| PBT / Share (Rs.) | 51.73 | 75.22 | 58.33 | 43.33 | 44.58 |
| Net Profit / Share (Rs.) | 37.21 | 56.55 | 42.76 | 31.83 | 33.13 |
| NP After MI And SOA / Share (Rs.) | 38.23 | 56.92 | 42.81 | 31.59 | 32.73 |
| PBDIT Margin (%) | 19.40 | 23.30 | 19.27 | 17.81 | 23.75 |
| PBIT Margin (%) | 16.37 | 20.90 | 16.78 | 15.00 | 20.11 |
| PBT Margin (%) | 14.63 | 20.32 | 16.22 | 14.28 | 19.69 |
| Net Profit Margin (%) | 10.52 | 15.28 | 11.89 | 10.49 | 14.63 |
| NP After MI And SOA Margin (%) | 10.81 | 15.38 | 11.90 | 10.41 | 14.45 |
| Return on Networth / Equity (%) | 18.90 | 29.15 | 25.67 | 21.94 | 24.51 |
| Return on Capital Employeed (%) | 24.97 | 34.63 | 32.33 | 28.33 | 30.23 |
| Return On Assets (%) | 12.07 | 18.24 | 15.91 | 13.18 | 15.41 |
| Long Term Debt / Equity (X) | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Debt / Equity (X) | 0.04 | 0.05 | 0.06 | 0.05 | 0.02 |
| Asset Turnover Ratio (%) | 1.12 | 1.27 | 1.41 | 1.34 | 1.10 |
| Current Ratio (X) | 2.09 | 2.06 | 2.09 | 2.00 | 2.03 |
| Quick Ratio (X) | 1.26 | 1.37 | 1.31 | 1.19 | 1.39 |
| Inventory Turnover Ratio (X) | 5.36 | 5.85 | 2.80 | 3.27 | 2.62 |
| Dividend Payout Ratio (NP) (%) | 84.74 | 46.37 | 46.48 | 57.44 | 10.23 |
| Dividend Payout Ratio (CP) (%) | 66.21 | 40.11 | 38.45 | 45.25 | 8.17 |
| Earning Retention Ratio (%) | 15.26 | 53.63 | 53.52 | 42.56 | 89.77 |
| Cash Earning Retention Ratio (%) | 33.79 | 59.89 | 61.55 | 54.75 | 91.83 |
| Interest Coverage Ratio (X) | 28.98 | 40.32 | 46.01 | 54.33 | 56.30 |
| Interest Coverage Ratio (Post Tax) (X) | 18.32 | 27.44 | 29.73 | 34.21 | 35.68 |
| Enterprise Value (Cr.) | 224973.19 | 273706.83 | 265479.52 | 295900.32 | 243477.40 |
| EV / Net Operating Revenue (X) | 6.64 | 7.71 | 7.70 | 10.17 | 11.21 |
| EV / EBITDA (X) | 34.20 | 33.08 | 39.94 | 57.08 | 47.20 |
| MarketCap / Net Operating Revenue (X) | 6.61 | 7.69 | 7.68 | 10.16 | 11.21 |
| Retention Ratios (%) | 15.25 | 53.62 | 53.51 | 42.55 | 89.76 |
| Price / BV (X) | 11.56 | 14.58 | 16.56 | 21.40 | 19.00 |
| Price / Net Operating Revenue (X) | 6.61 | 7.69 | 7.68 | 10.16 | 11.21 |
| EarningsYield | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
After reviewing the key financial ratios for Asian Paints Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 38.25. This value is within the healthy range. It has decreased from 56.95 (Mar 24) to 38.25, marking a decrease of 18.70.
- For Diluted EPS (Rs.), as of Mar 25, the value is 38.25. This value is within the healthy range. It has decreased from 56.94 (Mar 24) to 38.25, marking a decrease of 18.69.
- For Cash EPS (Rs.), as of Mar 25, the value is 47.91. This value is within the healthy range. It has decreased from 65.45 (Mar 24) to 47.91, marking a decrease of 17.54.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 202.25. It has increased from 195.25 (Mar 24) to 202.25, marking an increase of 7.00.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 202.25. It has increased from 195.25 (Mar 24) to 202.25, marking an increase of 7.00.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 353.48. It has decreased from 370.05 (Mar 24) to 353.48, marking a decrease of 16.57.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 68.59. This value is within the healthy range. It has decreased from 86.25 (Mar 24) to 68.59, marking a decrease of 17.66.
- For PBIT / Share (Rs.), as of Mar 25, the value is 57.89. This value is within the healthy range. It has decreased from 77.36 (Mar 24) to 57.89, marking a decrease of 19.47.
- For PBT / Share (Rs.), as of Mar 25, the value is 51.73. This value is within the healthy range. It has decreased from 75.22 (Mar 24) to 51.73, marking a decrease of 23.49.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 37.21. This value is within the healthy range. It has decreased from 56.55 (Mar 24) to 37.21, marking a decrease of 19.34.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 38.23. This value is within the healthy range. It has decreased from 56.92 (Mar 24) to 38.23, marking a decrease of 18.69.
- For PBDIT Margin (%), as of Mar 25, the value is 19.40. This value is within the healthy range. It has decreased from 23.30 (Mar 24) to 19.40, marking a decrease of 3.90.
- For PBIT Margin (%), as of Mar 25, the value is 16.37. This value is within the healthy range. It has decreased from 20.90 (Mar 24) to 16.37, marking a decrease of 4.53.
- For PBT Margin (%), as of Mar 25, the value is 14.63. This value is within the healthy range. It has decreased from 20.32 (Mar 24) to 14.63, marking a decrease of 5.69.
- For Net Profit Margin (%), as of Mar 25, the value is 10.52. This value exceeds the healthy maximum of 10. It has decreased from 15.28 (Mar 24) to 10.52, marking a decrease of 4.76.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 10.81. This value is within the healthy range. It has decreased from 15.38 (Mar 24) to 10.81, marking a decrease of 4.57.
- For Return on Networth / Equity (%), as of Mar 25, the value is 18.90. This value is within the healthy range. It has decreased from 29.15 (Mar 24) to 18.90, marking a decrease of 10.25.
- For Return on Capital Employeed (%), as of Mar 25, the value is 24.97. This value is within the healthy range. It has decreased from 34.63 (Mar 24) to 24.97, marking a decrease of 9.66.
- For Return On Assets (%), as of Mar 25, the value is 12.07. This value is within the healthy range. It has decreased from 18.24 (Mar 24) to 12.07, marking a decrease of 6.17.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 24) to 0.01, marking an increase of 0.01.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.04. This value is within the healthy range. It has decreased from 0.05 (Mar 24) to 0.04, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.12. It has decreased from 1.27 (Mar 24) to 1.12, marking a decrease of 0.15.
- For Current Ratio (X), as of Mar 25, the value is 2.09. This value is within the healthy range. It has increased from 2.06 (Mar 24) to 2.09, marking an increase of 0.03.
- For Quick Ratio (X), as of Mar 25, the value is 1.26. This value is within the healthy range. It has decreased from 1.37 (Mar 24) to 1.26, marking a decrease of 0.11.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.36. This value is within the healthy range. It has decreased from 5.85 (Mar 24) to 5.36, marking a decrease of 0.49.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 84.74. This value exceeds the healthy maximum of 50. It has increased from 46.37 (Mar 24) to 84.74, marking an increase of 38.37.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 66.21. This value exceeds the healthy maximum of 50. It has increased from 40.11 (Mar 24) to 66.21, marking an increase of 26.10.
- For Earning Retention Ratio (%), as of Mar 25, the value is 15.26. This value is below the healthy minimum of 40. It has decreased from 53.63 (Mar 24) to 15.26, marking a decrease of 38.37.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 33.79. This value is below the healthy minimum of 40. It has decreased from 59.89 (Mar 24) to 33.79, marking a decrease of 26.10.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 28.98. This value is within the healthy range. It has decreased from 40.32 (Mar 24) to 28.98, marking a decrease of 11.34.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 18.32. This value is within the healthy range. It has decreased from 27.44 (Mar 24) to 18.32, marking a decrease of 9.12.
- For Enterprise Value (Cr.), as of Mar 25, the value is 224,973.19. It has decreased from 273,706.83 (Mar 24) to 224,973.19, marking a decrease of 48,733.64.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 6.64. This value exceeds the healthy maximum of 3. It has decreased from 7.71 (Mar 24) to 6.64, marking a decrease of 1.07.
- For EV / EBITDA (X), as of Mar 25, the value is 34.20. This value exceeds the healthy maximum of 15. It has increased from 33.08 (Mar 24) to 34.20, marking an increase of 1.12.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 6.61. This value exceeds the healthy maximum of 3. It has decreased from 7.69 (Mar 24) to 6.61, marking a decrease of 1.08.
- For Retention Ratios (%), as of Mar 25, the value is 15.25. This value is below the healthy minimum of 30. It has decreased from 53.62 (Mar 24) to 15.25, marking a decrease of 38.37.
- For Price / BV (X), as of Mar 25, the value is 11.56. This value exceeds the healthy maximum of 3. It has decreased from 14.58 (Mar 24) to 11.56, marking a decrease of 3.02.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 6.61. This value exceeds the healthy maximum of 3. It has decreased from 7.69 (Mar 24) to 6.61, marking a decrease of 1.08.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Asian Paints Ltd:
- Net Profit Margin: 10.52%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 24.97% (Industry Average ROCE: 23.02%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 18.9% (Industry Average ROE: 20.17%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 18.32
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.26
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 66.2 (Industry average Stock P/E: 47.66)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.04
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 10.52%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Paints/Varnishes | 6A & 6B, Shantinagar, Mumbai Maharashtra 400055 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. R Seshasayee | Chairman & Ind.Director |
| Mr. Manish Choksi | Vice Chairman & Non Exe.Dire |
| Mr. Amit Syngle | Managing Director & CEO |
| Mr. Malav Dani | Non Executive Director |
| Ms. Amrita Vakil | Non Executive Director |
| Mr. Jigish Choksi | Non Executive Director |
| Ms. Nehal Vakil | Non Executive Director |
| Mr. Ashish Choksi | Non Executive Director |
| Mr. Milind Sarwate | Independent Director |
| Ms. Ireena Vittal | Independent Director |
| Mr. Soumitra Bhattacharya | Independent Director |
| Dr. Gopichand Katragadda | Independent Director |
| Mr. Varun Berry | Independent Director |
FAQ
What is the intrinsic value of Asian Paints Ltd?
Asian Paints Ltd's intrinsic value (as of 04 January 2026) is ₹2245.40 which is 19.03% lower the current market price of ₹2,773.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹2,65,947 Cr. market cap, FY2025-2026 high/low of ₹2,986/2,125, reserves of ₹19,483 Cr, and liabilities of ₹31,349 Cr.
What is the Market Cap of Asian Paints Ltd?
The Market Cap of Asian Paints Ltd is 2,65,947 Cr..
What is the current Stock Price of Asian Paints Ltd as on 04 January 2026?
The current stock price of Asian Paints Ltd as on 04 January 2026 is ₹2,773.
What is the High / Low of Asian Paints Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Asian Paints Ltd stocks is ₹2,986/2,125.
What is the Stock P/E of Asian Paints Ltd?
The Stock P/E of Asian Paints Ltd is 66.2.
What is the Book Value of Asian Paints Ltd?
The Book Value of Asian Paints Ltd is 204.
What is the Dividend Yield of Asian Paints Ltd?
The Dividend Yield of Asian Paints Ltd is 0.89 %.
What is the ROCE of Asian Paints Ltd?
The ROCE of Asian Paints Ltd is 25.7 %.
What is the ROE of Asian Paints Ltd?
The ROE of Asian Paints Ltd is 20.6 %.
What is the Face Value of Asian Paints Ltd?
The Face Value of Asian Paints Ltd is 1.00.