Asian Paints Limited ASIANPAINT NIFTY50NSEINFRA
Company Overview
Asian Paints Limited, together with its subsidiaries, engages in the manufacture, distribution, and sale of paints, coatings, and products related to home decoration and bath fittings, kitchen, and wardrobe in India, Asia, the Middle East, Africa, and the South Pacific region. The company offers wall coverings, waterproofing products, adhesives; and bath fittings and sanitaryware, modular kitchens and wardrobes, fabric, furnishings, rugs, decorative lightings, unplasticized polyvinyl chloride windows and door systems, furniture, textures and painting aids, and mechanized tools. It also provides color consultancy, projects, home painting services, waterproofing and wood solutions, and assure services; and interior and exterior wall finishes, enamels, tools, undercoats, thinners, and varnishers. The company offers its products under the Asian Paints, SCIB Paints, Apco Coatings, Asian Paints Berger, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints brand names. It serves homeowners, large projects, dealers, corporates, architects, interior designers, contractors, and influencers through multi-channel distribution network comprising wholesalers, distributors, retail outlets, and e-commerce platforms. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.
Why Investors Should Care
Generates a return on equity of 20.2%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 24.4%.
Operating margin of 15.8% supports profitability.
Carries low leverage with a debt-to-equity ratio of 0.18.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹35,540.90 Cr (+5.1% YoY); net profit ₹4,325.35 Cr.
- Trailing 12 Months Year-on-year growth — revenue +5.1%, earnings +17.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 1.1%, profit CAGR 1.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 1.10% |
| 1 Year: | 5.10% |
Compounded Profit Growth
| 5 Years: | 1.75% |
| 1 Year: | 17.95% |
Stock Price Performance
| 1 Year: | +10.27% |
| 6 Months: | -4.49% |
| 3 Months: | +10.59% |
| 1 Month: | -1.48% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)50.49 · Neutral
P/E of 59.31 is above the sector median of 27.45 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 20.2%.
- Healthy ROCE of 24.4%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 59.3.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA | 2,675.50 | 59.31 | ₹2.57 L Cr | 1.03% | 24.41% | 20.24% | 1.10% | 1.75% |
| 2 | ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA | 11,659.00 | 56.84 | ₹3.44 L Cr | 0.66% | 11.90% | 10.66% | 12.40% | 17.26% |
| 3 | JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA | 1,244.70 | 86.92 | ₹3.04 L Cr | 0.57% | 18.75% | 22.30% | 3.61% | 75.28% |
| 4 | TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA | 187.67 | 21.70 | ₹2.34 L Cr | 2.09% | 11.32% | 10.56% | -1.59% | 7.21% |
| 5 | HINDZINC Hindustan Zinc Limited NSEINFRA | 532.50 | 16.26 | ₹2.25 L Cr | 3.91% | 61.97% | 61.13% | 5.61% | 9.58% |
| 6 | HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA | 963.55 | 16.01 | ₹2.17 L Cr | 0.52% | 9.42% | 9.80% | 7.10% | 9.87% |
| 7 | GRASIM Grasim Industries Limited NIFTY50NSEINFRA | 3,133.10 | 56.45 | ₹2.13 L Cr | 0.31% | 4.00% | 4.80% | 14.63% | -10.06% |
| 8 | VAML Vedanta Aluminium Metal Limited NSEINFRA | 452.95 | inf | ₹1.77 L Cr | 0.00% | 41.97% | 49.39% | - | -46.32% |
| 9 | SOLARINDS Solar Industries India Limited NSEINFRA | 18,508.00 | 99.83 | ₹1.67 L Cr | 0.06% | 29.51% | 26.72% | 13.27% | 30.36% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,787.00 Cr | 9,182.00 Cr | 8,479.00 Cr | 9,103.00 Cr | 8,731.00 Cr | 8,970.00 Cr | 8,028.00 Cr | 8,549.00 Cr | 8,329.59 Cr | 8,924.49 Cr | 8,513.70 Cr | 8,849.72 Cr | 9,228.46 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 4,686.51 Cr | 5,123.05 Cr | 4,846.34 Cr | 4,928.87 Cr | 5,103.52 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 3,643.08 Cr | 3,801.44 Cr | 3,667.36 Cr | 3,920.85 Cr | 4,124.94 Cr |
| Operating Expenses | 6,923.00 Cr | 7,061.00 Cr | 6,762.00 Cr | 7,047.00 Cr | 7,039.00 Cr | 7,276.00 Cr | 6,788.00 Cr | 6,913.00 Cr | 2,507.98 Cr | 2,477.34 Cr | 2,468.91 Cr | 2,452.96 Cr | 2,648.31 Cr |
| Operating Income | 1,645.00 Cr | 1,923.00 Cr | 1,507.00 Cr | 1,836.00 Cr | 1,465.00 Cr | 1,466.00 Cr | 998.00 Cr | 1,381.00 Cr | 1,135.10 Cr | 1,324.10 Cr | 1,198.45 Cr | 1,467.89 Cr | 1,476.63 Cr |
| EBITDA | 1,865.00 Cr | 2,121.00 Cr | 1,716.00 Cr | 2,056.00 Cr | 1,691.00 Cr | 1,694.00 Cr | 1,240.00 Cr | 1,637.00 Cr | 1,376.14 Cr | 1,854.08 Cr | 1,740.32 Cr | 1,850.10 Cr | 1,983.20 Cr |
| Interest Expense | 39.00 Cr | 46.00 Cr | 51.00 Cr | 54.00 Cr | 54.00 Cr | 55.00 Cr | 63.00 Cr | 56.00 Cr | 52.79 Cr | 44.50 Cr | 43.87 Cr | 47.94 Cr | 59.10 Cr |
| Pretax Income | 1,710.00 Cr | 2,105.00 Cr | 1,651.00 Cr | 1,968.00 Cr | 1,624.00 Cr | 1,604.00 Cr | 959.00 Cr | 1,518.00 Cr | 1,022.25 Cr | 1,508.71 Cr | 1,391.52 Cr | 1,489.09 Cr | 1,614.12 Cr |
| Tax Provision | 444.60 Cr | 526.25 Cr | 412.75 Cr | 492.00 Cr | 341.04 Cr | 417.04 Cr | 268.52 Cr | 394.68 Cr | 321.42 Cr | 391.66 Cr | 373.29 Cr | 415.17 Cr | 428.63 Cr |
| Net Income | 1,258.00 Cr | 1,575.00 Cr | 1,232.00 Cr | 1,475.00 Cr | 1,275.00 Cr | 1,187.00 Cr | 694.00 Cr | 1,128.00 Cr | 692.13 Cr | 1,099.77 Cr | 993.59 Cr | 1,059.87 Cr | 1,172.12 Cr |
| Diluted EPS | 12.87 | 16.16 | 12.57 | 15.09 | 13.10 | 12.20 | 7.24 | 11.58 | 7.22 | 11.47 | 10.36 | 11.05 | 12.22 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13,615.00 Cr | 14,271.00 Cr | 15,062.00 Cr | 16,825.00 Cr | 19,240.00 Cr | 20,211.00 Cr | 21,713.00 Cr | - | 34,388.71 Cr | 35,395.42 Cr | 33,815.17 Cr | 35,540.90 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 21,246.29 Cr | 20,174.30 Cr | 19,592.36 Cr | 20,119.49 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 13,142.42 Cr | 15,221.12 Cr | 14,222.81 Cr | 15,421.41 Cr |
| Operating Expenses | 11,372.00 Cr | 11,546.00 Cr | 12,068.00 Cr | 13,621.00 Cr | 15,475.00 Cr | 16,049.00 Cr | 16,857.00 Cr | - | 7,656.36 Cr | 8,459.14 Cr | 9,235.10 Cr | 9,814.22 Cr |
| Operating Income | 1,977.00 Cr | 2,449.00 Cr | 2,659.00 Cr | 2,844.00 Cr | 3,143.00 Cr | 3,382.00 Cr | 4,065.00 Cr | - | 5,486.06 Cr | 6,761.98 Cr | 4,987.71 Cr | 5,607.19 Cr |
| EBITDA | 2,243.00 Cr | 2,725.00 Cr | 2,994.00 Cr | 3,204.00 Cr | 3,765.00 Cr | 4,162.00 Cr | 4,856.00 Cr | - | 6,691.30 Cr | 8,405.94 Cr | 6,356.43 Cr | 7,427.70 Cr |
| Interest Expense | 42.00 Cr | 49.00 Cr | 37.00 Cr | 41.00 Cr | 110.00 Cr | 102.00 Cr | 92.00 Cr | - | 144.45 Cr | 205.17 Cr | 227.02 Cr | 195.41 Cr |
| Pretax Income | 2,077.00 Cr | 2,614.00 Cr | 2,960.00 Cr | 3,138.00 Cr | 3,306.00 Cr | 3,629.00 Cr | 4,304.00 Cr | - | 5,688.83 Cr | 7,347.77 Cr | 5,103.07 Cr | 6,003.44 Cr |
| Tax Provision | 643.87 Cr | 836.48 Cr | 947.20 Cr | 1,035.54 Cr | 1,090.98 Cr | 870.96 Cr | 1,119.04 Cr | - | 1,493.50 Cr | 1,790.08 Cr | 1,393.36 Cr | 1,608.75 Cr |
| Net Income | 1,427.00 Cr | 1,803.00 Cr | 2,016.00 Cr | 2,098.00 Cr | 2,208.00 Cr | 2,774.00 Cr | 3,207.00 Cr | - | 4,106.45 Cr | 5,460.23 Cr | 3,667.23 Cr | 4,325.35 Cr |
| Diluted EPS | 14.54 | 18.19 | 20.22 | 21.26 | 22.48 | 28.20 | 32.73 | - | 42.82 | 56.94 | 38.25 | 45.11 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 8,914.00 Cr | 10,559.00 Cr | 12,405.00 Cr | 13,763.00 Cr | 16,249.00 Cr | 16,138.00 Cr | 20,355.00 Cr | - | 25,798.00 Cr | 29,924.09 Cr | 30,371.37 Cr | 34,534.49 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 16,535.16 Cr | 17,537.06 Cr | 16,991.68 Cr | 20,184.64 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 523.10 Cr | 829.34 Cr | 444.65 Cr | 672.83 Cr |
| Inventory | - | - | - | - | - | - | - | - | 6,210.64 Cr | 5,923.41 Cr | 6,719.27 Cr | 5,743.69 Cr |
| Receivables | - | - | - | - | - | - | - | - | 4,637.74 Cr | 4,889.23 Cr | 4,314.24 Cr | 4,462.33 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 9,352.11 Cr | 10,500.41 Cr | 10,312.32 Cr | 12,519.51 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 7,895.93 Cr | 8,500.96 Cr | 8,141.23 Cr | 9,137.03 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 76.15 Cr | 54.38 Cr | 259.62 Cr | 1,247.17 Cr |
| Total Debt | 418.00 Cr | 323.00 Cr | 560.00 Cr | 533.00 Cr | 1,320.00 Cr | 1,118.00 Cr | 1,093.00 Cr | - | 1,932.62 Cr | 2,474.38 Cr | 2,290.29 Cr | 3,928.93 Cr |
| Total Equity | 4,742.00 Cr | 6,525.00 Cr | 7,604.00 Cr | 8,410.00 Cr | 9,471.00 Cr | 10,130.00 Cr | 12,806.00 Cr | - | 15,992.23 Cr | 18,728.30 Cr | 19,399.81 Cr | 21,371.59 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 95.92 Cr | 95.92 Cr | 95.92 Cr | 95.92 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,188.00 Cr | 2,243.00 Cr | 1,527.00 Cr | 2,113.00 Cr | 2,470.00 Cr | 3,038.00 Cr | 3,683.00 Cr | - | 4,193.43 Cr | 6,103.60 Cr | 4,423.96 Cr | 7,088.18 Cr |
| Investing Cash Flow | -465.00 Cr | -866.00 Cr | -681.00 Cr | -1,556.00 Cr | -918.00 Cr | -518.00 Cr | -541.00 Cr | - | -1,274.64 Cr | -2,517.63 Cr | -874.12 Cr | -1,334.07 Cr |
| Financing Cash Flow | -576.00 Cr | -849.00 Cr | -756.00 Cr | -1,379.00 Cr | -1,117.00 Cr | -2,871.00 Cr | -650.00 Cr | - | -2,140.05 Cr | -2,982.50 Cr | -3,752.58 Cr | -2,376.51 Cr |
| Capital Expenditure | -438.00 Cr | -802.00 Cr | -667.00 Cr | -1,408.00 Cr | -1,134.00 Cr | -377.00 Cr | -261.00 Cr | - | -1,445.61 Cr | -2,496.08 Cr | -1,830.07 Cr | -1,487.32 Cr |
| Free Cash Flow | 750.00 Cr | 1,441.00 Cr | 860.00 Cr | 705.00 Cr | 1,336.00 Cr | 2,661.00 Cr | 3,422.00 Cr | - | 2,747.82 Cr | 3,607.52 Cr | 2,593.89 Cr | 5,600.86 Cr |
| Net Change in Cash | 147.00 Cr | 528.00 Cr | 90.00 Cr | -822.00 Cr | 434.00 Cr | -351.00 Cr | 2,492.00 Cr | - | 778.74 Cr | 603.47 Cr | -202.74 Cr | 3,377.60 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 38.2% | 43.0% | 42.1% | 43.4% |
| Operating Margin % | 14.5% | 17.2% | 17.7% | 16.9% | 16.3% | 16.7% | 18.7% | - | 16.0% | 19.1% | 14.7% | 15.8% |
| Net Margin % | 10.5% | 12.6% | 13.4% | 12.5% | 11.5% | 13.7% | 14.8% | - | 11.9% | 15.4% | 10.8% | 12.2% |
| ROE % | 30.1% | 27.6% | 26.5% | 24.9% | 23.3% | 27.4% | 25.0% | - | 25.7% | 29.2% | 18.9% | 20.2% |
| ROCE % | - | - | - | - | - | - | - | - | 30.6% | 31.6% | 22.4% | 22.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ASIANPAINT
Asian Paints Ltd. Stock 12‑Month Price Target Raised to INR 2814.75, Implies 5% Upside - TradingView
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Asian Paints Limited (NSE:ASIANPAINT) Analysts Are Pretty Bullish On The Stock After Recent Results - simplywall.st
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Asian Paints shares jump 3% after Q4 beat; brokerages see up to 34% upside but divided on outlook - Moneycontrol.com
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Asian Paints, Cummins India & more: Top stocks to watch on June 02 - The Times of India
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Asian Paints, HUL, five other stocks to trade ex-dividend from today; Details here - CNBC TV18
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Asian Paints shares rise nearly 15% in a month; here's why the stock is buzzing on Monday - Upstox
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ASIANPAINT — Frequently Asked Questions
What is the current share price of Asian Paints Limited (ASIANPAINT)?
As of 2026-07-15 09:52 IST, Asian Paints Limited (ASIANPAINT) trades at ₹2,675.50 on NSE. Its 52-week range is ₹2,103.05 to ₹2,942.97.
What is the market capitalisation of ASIANPAINT?
Asian Paints Limited (ASIANPAINT) has a market capitalisation of ₹2.57 L Cr on NSE.
What is the P/E ratio of ASIANPAINT?
ASIANPAINT trades at a trailing price-to-earnings (P/E) ratio of 59.31. The industry average P/E is 27.45. Its price-to-book (P/B) ratio is 11.90.
Does ASIANPAINT pay a dividend?
Asian Paints Limited (ASIANPAINT) currently offers a dividend yield of 1.03%.
What is the return on equity (ROE) of ASIANPAINT?
ASIANPAINT has a return on equity (ROE) of 20.24%. Its return on capital employed (ROCE) is 24.41%.
Is ASIANPAINT a good stock to buy?
This page provides a data-driven analysis of Asian Paints Limited (ASIANPAINT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.