Market Data
Market Cap₹2,31,675.04 Cr.
52W High₹2,985.5
Current Price₹2,415.3
52W Low₹2,116
Down from 52W High19.1 %
Face Value₹1
Performance
ROCE28.69 %
ROE22.3 %
EPS (TTM)₹16.06
EPS Prev Qtr₹12.23
EPS Last Year₹10.37
EBITDA Qtr₹1,864.57 Cr.
Book Value₹223
Financial Health
Debt/Equity0.11
Debt/Profit0.47
Total Assets₹34,534.49 Cr.
Dividend Yield1.14 %
Promoter Holding52.63 %
Earning Power17.4 %
Valuation
Stock P/E48.58
Industry P/E33.41
Price to Book10.84
Price to Sales6.23
Graham Number₹499.26
Key Metrics
Dividend/Share
₹4.5
Face Value
₹1
About Asian Paints Ltd
Consumer Durables · Paints/Varnish
Asian Paints Ltd is listed on NSE in the Consumer Durables / Paints/Varnish sector. Face value ₹1. Market cap ₹2,31,675.04 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company has a high ROCE of 28.69%, indicating efficient use of capital.
- The company has a healthy ROE of 22.63%, reflecting strong profitability relative to shareholders' equity.
- The company maintains a low debt-to-equity ratio of 0.11, suggesting a conservative capital structure.
- The company has a significant promoter holding of 52.63%, indicating strong management control and alignment of interests.
- The company offers a dividend yield of 1.14% with a dividend per share of ₹4.5, providing some income to investors.
Weaknesses
- The P/E ratio of 48.43 is relatively high, suggesting the stock may be overvalued compared to peers.
- The P/B ratio of 10.81 is elevated, indicating that the market values the company at a premium over its book value.
- The dividend yield of 1.14% is relatively low, which may not attract income-focused investors.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Asian Paints Ltd | - | 48.58 | ₹2,31,675.04 Cr | 1.14% | ₹4,837.09 Cr | - | ₹37,186.93 Cr | - | 28.69% | 0.11 |
| Berger Paints India Ltd | - | 43.4 | ₹52,825.76 Cr | 0.88% | ₹1,217.99 Cr | - | ₹12,263.24 Cr | - | 23.57% | 0.02 |
| JSW Dulux Ltd | - | 7.38 | ₹14,477.95 Cr | 6.48% | ₹1,962.5 Cr | - | ₹3,577.6 Cr | - | 96.78% | 0 |
| Kansai Nerolac Paints Ltd | - | 22 | ₹14,358.73 Cr | 2.11% | ₹588.66 Cr | - | ₹8,263.47 Cr | - | 12.46% | 0.01 |
| Indigo Paints Ltd | - | 32.8 | ₹5,278.89 Cr | 0.45% | ₹163.25 Cr | - | ₹1,465.83 Cr | - | 21.46% | 0.01 |
| Sirca Paints India Ltd | - | 34.02 | ₹2,306.92 Cr | 0.49% | ₹67.02 Cr | - | ₹508.26 Cr | - | 18.65% | 0.07 |
| Shalimar Paints Ltd | - | - | ₹624.9 Cr | - | ₹-69.44 Cr | - | ₹558.79 Cr | - | -11.21% | 0.63 |
| Retina Paints Ltd | - | - | ₹56.3 Cr | - | - | - | - | - | - | 0.26 |
| MCON Rasayan India Ltd | - | - | - | - | - | - | - | - | - | 0.5 |
Quarterly Results
📊 Jun 2026: Revenue grew 17.9% YoY, Profit grew 39.6% YoY
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 8,938.55 | 8,531.27 | 8,867.02 | 9,246.7 | 10,541.94 |
| ↳ QoQ Growth | - | -4.6% | +3.9% | +4.3% | +14.0% |
| Expenses | 7,614.45 | 7,332.82 | 7,399.13 | 7,770.07 | 8,677.37 |
| Operating Profit | 1,324.1 | 1,198.45 | 1,467.89 | 1,476.63 | 1,864.57 |
| OPM % | 14.81% | 14.05% | 16.55% | 15.97% | 17.69% |
| Other Income | 192.79 | 198.64 | 161 | 171.37 | 240.85 |
| Interest | 44.5 | 43.87 | 47.94 | 59.1 | 47.83 |
| Depreciation | 300.87 | 304.93 | 313.07 | 309.98 | 304.19 |
| EBITDA | 1,624.97 | 1,503.38 | 1,780.96 | 1,786.61 | 2,168.76 |
| EBITDA Margin % | 18.18% | 17.62% | 20.09% | 19.32% | 20.57% |
| Profit Before Tax | 1,508.71 | 1,391.52 | 1,489.09 | 1,614.12 | 2,095.75 |
| Tax % | 25.96% | 26.83% | 27.88% | 26.56% | 25.59% |
| Net Profit | 1,117.05 | 1,018.23 | 1,073.92 | 1,185.49 | 1,559.45 |
| ↳ QoQ Growth | - | -8.8% | +5.5% | +10.4% | +31.5% |
| EPS | 11.47 | 10.37 | 11.06 | 12.23 | 16.06 |
Profit & Loss
| Mar 2026 | TTM | |
|---|---|---|
| Sales | 35583.54 | 37186.93 |
| Expenses | 30116.47 | 31179.39 |
| Operating Profit | 5467.07 | 6007.54 |
| OPM % | 15.36% | 16.15% |
| Other Income | 723.8 | 771.86 |
| Interest | 195.41 | 198.74 |
| Depreciation | 1228.85 | 1232.17 |
| Profit Before Tax | 6003.44 | 6590.48 |
| Tax % | 26.8% | 26.6% |
| Net Profit | 4394.69 | 4837.09 |
| EPS | 45.13 | 49.72 |
Compounded Sales Growth
10Y
-
5Y
-
3Y
-
TTM
-
Compounded Profit Growth
10Y
-
5Y
-
3Y
-
TTM
-
Stock Price CAGR
10Y
-
5Y
-
3Y
-
1Y
3.06%
Return on Equity
10Y
-
5Y
-
3Y
-
Last Year
22.63%
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 95.92 | 95.92 |
| Reserves | 19303.89 | 21275.67 |
| Borrowings | 2290.29 | 2293.26 |
| Other Liabilities | 8681.27 | 10869.64 |
| Total Liabilities | 30371.37 | 34534.49 |
| Fixed Assets | 8631.34 | 9640.28 |
| CWIP | 1254.49 | 1848.67 |
| Investments | 4724.75 | 7061.74 |
| Other Assets | 15760.79 | 15983.8 |
| Total Assets | 30371.37 | 34534.49 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | 7088.18 |
| Cash from Investing Activity | -1334.07 |
| Cash from Financing Activity | -2376.51 |
| Net Cash Flow | 3377.6 |
Ratios
| Mar 2026 | |
|---|---|
| Debtor Days | - |
| Inventory Days | - |
| Days Payable | - |
| Cash Conversion Cycle | - |
| Working Capital Days | 330.72 |
| ROCE % | 16.96% |
Shareholding Pattern
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% |
| FIIs % | 15.28% | 13.61% | 12.22% | 11.85% | 11.64% | 12.78% | 12.11% | 13.32% |
| DIIs % | 13.16% | 14.06% | 15.58% | 21.04% | 21.58% | 21.15% | 21.81% | 20.77% |
| Public % | 11.77% | 12.46% | 12.38% | 12.2% | 11.9% | 11.23% | 11.29% | 11.1% |
| No. of Shareholders | 9,75,807 | 11,92,876 | 12,13,836 | 11,71,145 | 11,08,404 | 10,00,999 | 10,01,799 | 9,59,219 |
Major Shareholders (>1%)
- Life Insurance Corporation Of IndiaPublic Shareholding8.11%
- Sattva Holding And Trading Private LimitedPromoter and Promoter Group5.71%
- Smiti Holding And Trading Company Private LimitedPromoter and Promoter Group5.36%
- Geetanjali Trading And Investments Private LimitedPromoter and Promoter Group4.77%
As of 2026-06-30View all shareholders →