Share Price and Basic Stock Data
Last Updated: November 12, 2025, 2:16 pm
| PEG Ratio | 19.03 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Asian Paints Ltd operates in the paints and varnishes industry, with a current stock price of ₹2,509 and a market capitalization of ₹2,40,692 Cr. The company has demonstrated robust revenue growth, with total sales rising from ₹29,101 Cr in FY 2022 to ₹34,489 Cr in FY 2023, reflecting a notable increase of approximately 18.8%. For FY 2024, sales further increased to ₹35,495 Cr, indicating continued upward momentum. Quarterly sales figures also reveal a positive trend, with the latest quarter ending June 2023 reporting sales of ₹9,182 Cr, which is a significant rise from ₹8,607 Cr in June 2022. The company’s ability to maintain such growth in a competitive environment underscores its strong market position and effective operational strategies.
Profitability and Efficiency Metrics
Profitability metrics for Asian Paints indicate a healthy operating profit margin (OPM) of 18% for the current fiscal year, reflecting the company’s efficient cost management. The OPM stood at 21% in FY 2023, showcasing its capacity to convert sales into profits effectively. Net profit for the same period reached ₹4,195 Cr, which represents a growth from ₹3,085 Cr in FY 2022. The return on equity (ROE) is reported at 20.6%, indicating that the company effectively generates profits from its shareholders’ equity. Additionally, the interest coverage ratio (ICR) is remarkably high at 28.98x, suggesting that Asian Paints has ample capacity to meet its interest obligations, thus enhancing its financial stability.
Balance Sheet Strength and Financial Ratios
Asian Paints’ balance sheet reflects a strong financial position, with total reserves amounting to ₹19,304 Cr and borrowings recorded at ₹2,290 Cr, yielding a low debt-to-equity ratio of 0.04. This ratio indicates a conservative capital structure, minimizing financial risk. The company’s current ratio stands at 2.09, suggesting a healthy liquidity position, which is above the typical sector range. Furthermore, the price-to-book value (P/BV) ratio is reported at 11.56x, reflecting investor confidence in the company’s growth potential. The cash conversion cycle (CCC) of 107 days indicates efficient management of working capital, although it has slightly increased compared to previous years, highlighting areas for potential improvement.
Shareholding Pattern and Investor Confidence
The shareholding structure of Asian Paints shows a significant promoter holding of 52.63%, which has remained stable over recent quarters. Foreign institutional investors (FIIs) have decreased their stake to 11.85%, down from 18.56% in September 2022, reflecting a cautious sentiment among international investors. Domestic institutional investors (DIIs), however, have increased their share to 20.98%, indicating growing confidence among local institutions. The total number of shareholders stands at 11,71,145, suggesting a broad retail investor base. The consistent dividend payout ratio, which is reported at 84.74% for FY 2025, further enhances investor confidence by demonstrating a commitment to returning profits to shareholders.
Outlook, Risks, and Final Insight
Looking ahead, Asian Paints is well-positioned to leverage its market leadership and operational efficiency to drive growth. However, risks such as fluctuating raw material prices and increasing competition in the paints sector could impact profitability. Additionally, the company’s dependency on the domestic market may pose challenges if economic conditions worsen. The potential for expansion into new markets or product lines could mitigate some of these risks. Overall, while the company exhibits strong fundamentals and profitability, maintaining its competitive edge will be crucial in navigating future challenges. Investors should remain vigilant regarding market dynamics and the company’s strategic responses to evolving industry conditions.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Asian Paints Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Sirca Paints India Ltd | 2,925 Cr. | 515 | 533/231 | 50.5 | 78.0 | 0.29 % | 20.0 % | 14.9 % | 10.0 |
| Shalimar Paints Ltd | 624 Cr. | 74.5 | 144/69.7 | 37.6 | 0.00 % | 12.8 % | 22.6 % | 2.00 | |
| Kansai Nerolac Paints Ltd | 19,817 Cr. | 245 | 286/218 | 30.4 | 80.1 | 1.03 % | 13.0 % | 10.4 % | 1.00 |
| Berger Paints India Ltd | 63,844 Cr. | 548 | 605/438 | 57.7 | 53.9 | 0.70 % | 24.9 % | 20.3 % | 1.00 |
| Akzo Nobel India Ltd | 15,074 Cr. | 3,310 | 3,958/3,022 | 38.6 | 495 | 3.01 % | 41.7 % | 32.2 % | 10.0 |
| Industry Average | 59,699.67 Cr | 1,226.75 | 48.74 | 157.77 | 0.99% | 23.02% | 20.17% | 4.17 |
Quarterly Result
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 |
| Expenses | 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% |
| Other Income | 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% |
| Net Profit | 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 |
Last Updated: August 2, 2025, 1:10 am
Below is a detailed analysis of the quarterly data for Asian Paints Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 8,939.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,359.00 Cr. (Mar 2025) to 8,939.00 Cr., marking an increase of 580.00 Cr..
- For Expenses, as of Jun 2025, the value is 7,314.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,923.00 Cr. (Mar 2025) to 7,314.00 Cr., marking an increase of 391.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 1,625.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,436.00 Cr. (Mar 2025) to 1,625.00 Cr., marking an increase of 189.00 Cr..
- For OPM %, as of Jun 2025, the value is 18.00%. The value appears strong and on an upward trend. It has increased from 17.00% (Mar 2025) to 18.00%, marking an increase of 1.00%.
- For Other Income, as of Jun 2025, the value is 229.00 Cr.. The value appears strong and on an upward trend. It has increased from -60.00 Cr. (Mar 2025) to 229.00 Cr., marking an increase of 289.00 Cr..
- For Interest, as of Jun 2025, the value is 44.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 53.00 Cr. (Mar 2025) to 44.00 Cr., marking a decrease of 9.00 Cr..
- For Depreciation, as of Jun 2025, the value is 301.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 301.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 1,509.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,022.00 Cr. (Mar 2025) to 1,509.00 Cr., marking an increase of 487.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 31.00% (Mar 2025) to 26.00%, marking a decrease of 5.00%.
- For Net Profit, as of Jun 2025, the value is 1,117.00 Cr.. The value appears strong and on an upward trend. It has increased from 701.00 Cr. (Mar 2025) to 1,117.00 Cr., marking an increase of 416.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 11.47. The value appears strong and on an upward trend. It has increased from 7.22 (Mar 2025) to 11.47, marking an increase of 4.25.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: August 22, 2025, 4:16 pm
| 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 | 33,874 |
| Expenses | 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% |
| Other Income | 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% | |
| 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 | 3,640 |
| 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% |
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: June 16, 2025, 12:36 pm
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Borrowings | 249 | 418 | 323 | 560 | 533 | 1,320 | 1,118 | 1,093 | 1,587 | 1,933 | 2,474 | 2,290 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Below is a detailed analysis of the balance sheet data for Asian Paints Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 96.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 96.00 Cr..
- For Reserves, as of Mar 2025, the value is 19,304.00 Cr.. The value appears strong and on an upward trend. It has increased from 18,632.00 Cr. (Mar 2024) to 19,304.00 Cr., marking an increase of 672.00 Cr..
- For Borrowings, as of Mar 2025, the value is 2,290.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2,474.00 Cr. (Mar 2024) to 2,290.00 Cr., marking a decrease of 184.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 8,665.00 Cr.. The value appears to be improving (decreasing). It has decreased from 8,698.00 Cr. (Mar 2024) to 8,665.00 Cr., marking a decrease of 33.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 30,355.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 29,901.00 Cr. (Mar 2024) to 30,355.00 Cr., marking an increase of 454.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 9,220.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,147.00 Cr. (Mar 2024) to 9,220.00 Cr., marking an increase of 2,073.00 Cr..
- For CWIP, as of Mar 2025, the value is 1,254.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,698.00 Cr. (Mar 2024) to 1,254.00 Cr., marking a decrease of 1,444.00 Cr..
- For Investments, as of Mar 2025, the value is 4,725.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,588.00 Cr. (Mar 2024) to 4,725.00 Cr., marking an increase of 137.00 Cr..
- For Other Assets, as of Mar 2025, the value is 15,156.00 Cr.. The value appears to be declining and may need further review. It has decreased from 15,468.00 Cr. (Mar 2024) to 15,156.00 Cr., marking a decrease of 312.00 Cr..
- For Total Assets, as of Mar 2025, the value is 30,355.00 Cr.. The value appears strong and on an upward trend. It has increased from 29,901.00 Cr. (Mar 2024) to 30,355.00 Cr., marking an increase of 454.00 Cr..
Notably, the Reserves (19,304.00 Cr.) exceed the Borrowings (2,290.00 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 - No data available for this post.
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 Nifty 50 ETF | 8,192,554 | 1.23 | 2389.81 | 8,192,554 | 2025-04-22 17:25:44 | 0% |
| SBI BSE Sensex ETF | 5,889,609 | 1.45 | 1718.18 | 5,889,609 | 2025-04-22 17:25:44 | 0% |
| UTI Nifty 50 ETF | 2,367,633 | 1.23 | 690.65 | 2,367,633 | 2025-04-22 17:25:44 | 0% |
| UTI BSE Sensex ETF | 2,155,222 | 1.45 | 628.74 | 2,155,222 | 2025-04-22 17:25:44 | 0% |
| UTI Flexi Cap Fund | 1,337,336 | 1.52 | 390.11 | 1,337,336 | 2025-04-22 17:25:44 | 0% |
| Nippon India ETF Nifty 50 BeES | 1,242,594 | 1.23 | 362.47 | 1,242,594 | 2025-04-22 09:14:30 | 0% |
| SBI Blue Chip Fund | 1,100,000 | 0.65 | 320.88 | 1,100,000 | 2025-04-22 17:25:44 | 0% |
| UTI Nifty 50 Index Fund | 776,862 | 1.24 | 226.61 | 776,862 | 2025-04-22 17:25:44 | 0% |
| ICICI Prudential Nifty 50 ETF | 737,120 | 1.23 | 215.02 | 737,120 | 2025-04-22 17:25:44 | 0% |
| HDFC Index Nifty 50 Plan - Regular Plan | 702,233 | 1.23 | 204.84 | 702,233 | 2025-04-22 17:25:44 | 0% |
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) | 2.50 | 2.62 | 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 2.50. This value is below the healthy minimum of 4. It has decreased from 2.62 (Mar 24) to 2.50, marking a decrease of 0.12.
- 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: 66.5 (Industry average Stock P/E: 48.74)
- 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 | investor.relations@asianpaints.com http://www.asianpaints.com |
| 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 12 November 2025) is 2234.12 which is 16.26% lower the current market price of 2,668.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,55,914 Cr. market cap, FY2025-2026 high/low of 2,675/2,125, reserves of ₹19,304 Cr, and liabilities of 30,355 Cr.
What is the Market Cap of Asian Paints Ltd?
The Market Cap of Asian Paints Ltd is 2,55,914 Cr..
What is the current Stock Price of Asian Paints Ltd as on 12 November 2025?
The current stock price of Asian Paints Ltd as on 12 November 2025 is 2,668.
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 2,675/2,125.
What is the Stock P/E of Asian Paints Ltd?
The Stock P/E of Asian Paints Ltd is 66.5.
What is the Book Value of Asian Paints Ltd?
The Book Value of Asian Paints Ltd is 202.
What is the Dividend Yield of Asian Paints Ltd?
The Dividend Yield of Asian Paints Ltd is 0.92 %.
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.