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Asian Paints Limited

Asian Paints Limited

ASIANPAINT.BO
Asian Paints LimitedIN flagBombay Stock Exchange
2,661.70
INR
+1.95
- -
2.55TMarket Cap
Asian Paints Limited
ASIANPAINT.BO
(Bombay Stock Exchange)

Recent

price

2,661.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
80.51
100.33
113.91
131.73
146.58
147.24
155.46
173.53
198.92
209.16
224.18
301.76
358.64
369.15
352.51
370.49
370.57
Revenue per Share
9.19
10.31
11.61
12.71
14.54
18.19
20.22
21.26
22.48
28.2
32.73
31.6
42.83
56.95
38.25
45.12
45.13
Basic EPS, GAAP
6.32
1.6
5.66
12
7.65
14.86
8.79
7.17
13.53
27.36
35.39
4.54
28.66
37.62
27.05
58.43
- -
Free Cash Flow per Basic Share
3.3
3.99
4.82
5.7
7.24
7.97
9.88
12.7
10.93
22.11
5.21
18.38
20.19
26.6
32.75
25.3
- -
Dividend per Share
7.26
8.3
11.43
11.43
19.85
23.33
29.03
37.51
49
55.26
83.32
96.78
119.54
147.4
153.24
1
1
Book Value per Share
23.32
30.08
36.96
44.68
57.38
68.27
79.57
90.61
102.5
109.82
137.92
148.05
171.51
202.57
209.22
224.69
224.74
Tangible Book Value per Share
959
959
959
959
959
959
959
959
959
959
959
959
959
959
959
959
958
Basic Weighted Avg Shares
77,223
96,240
109,266
126,356
140,597
141,236
149,118
166,447
190,803
200,628
215,030
289,414
343,887
353,954
337,974
355,164
355,164
Sales/Revenue/Turnover
15.9
14.8
14.62
14.01
14.08
17.71
17.83
17.11
16.54
16.88
18.92
13.6
15.95
19.1
14.73
15.39
15.39
Operating Margin (%)
1,131
1,211
1,546
2,556
2,683
2,756
3,388
3,605
6,256
7,819
7,913
8,164
8,580
8,530
10,263
12,288
12,288
Depreciation Expense
8,814
9,887
11,139
12,188
13,952
17,452
19,394
20,389
21,559
27,052
31,393
30,306
41,064
54,602
36,672
43,254
43,254
Net Income, GAAP
30.04
- -
- -
- -
- -
32.31
32.15
- -
33.15
- -
- -
- -
- -
- -
- -
26.8
26.8
Effective Tax Rate (%)
11.41
10.27
10.19
9.65
9.92
12.36
13.01
12.25
11.3
13.48
14.6
10.47
11.94
15.43
10.85
12.18
12.18
Profit Margin (%)
9,869
9,196
10,762
14,564
22,492
25,859
30,808
22,944
24,468
31,997
61,007
75,813
86,392
90,361
88,504
110,476
110,476
Working Capital
581
553
473
404
774
718
404
4,204
5,604
6,084
5,758
6,429
8,051
11,497
13,829
25,541
25,541
LT Debt
22,973
28,852
35,451
42,852
58,934
69,085
79,793
86,910
98,318
105,337
132,292
141,991
164,459
194,237
200,590
220,150
220,150
Total Equity
37.67
- -
- -
- -
- -
24.24
22.2
- -
19.53
- -
- -
- -
- -
- -
- -
16.65
16.65
Return on Invested Capital (%)
91.08
- -
- -
- -
- -
61.37
56.64
- -
38.19
- -
- -
- -
- -
- -
- -
39.44
39.44
Return on Capital (%)
126.65
132.55
117.76
111.21
93.02
84.28
77.24
63.89
51.96
54.1
47.23
35.09
39.59
42.66
25.44
58.5
58.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
13,558
- -
13,748
LT Borrowings
9,108
- -
12,472
LT Finance Leases
12,905
- -
13,069
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
959
- -
959
Market Capitalization
2,252,945
2,654,628
2,074,484

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
179,106
- -
201,846
Cash, Cash Equivalents & STI
67,810
- -
91,822
Accounts Receivable, Net
44,238
- -
44,618
Inventories
60,108
- -
57,437
Total Current Liabilities
81,989
- -
91,370
Payables & Accruals
- -
- -
- -
ST Debt
13,558
- -
13,748
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.46%
10.86%
9.75%
Free Cash Flow
72.35%
112.5%
115.93%
Net Income, GAAP
11.36%
10.02%
17.95%
Sales/Revenue/Turnover
10.11%
11.38%
5.09%
Total Cash Common Dividend
35.94%
58.99%
-22.76%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
91,538
84,519
90,749
87,148
353,954
2025
89,432
80,030
85,215
83,296
337,974
2026
89,245
85,137
88,497
92,285
355,164

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16.17
12.57
15.1
- -
56.95
2025
12.2
7.25
11.58
7.22
38.25
2026
11.47
10.37
11.06
12.23
45.12

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
26.6
2025
- -
- -
- -
- -
32.75
2026
- -
- -
- -
- -
25.3
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Business
Asian Paints Limited, along with its various group entities, is actively involved in the production, sale, and distribution of a wide array of paints, protective coatings, and diverse home décor and bath solutions across Asia, the Middle East, Africa, and the South Pacific. The company provides decorative finishes for interior and exterior walls, specialty wood finishes, and industrial coatings for automotive and other applications. Beyond traditional paints, their extensive portfolio includes wall coverings, a variety of texture finishes, waterproofing systems, and wall stickers. The firm has expanded into complete home improvement solutions, offering modular kitchens under the Sleek brand, wardrobes, bath fittings and sanitaryware through the Ess Ess brand, and decorative lighting products, among others. They also supply furniture, furnishings, rugs, and uPVC window and door systems. Supporting these products, Asian Paints delivers personalized interior design services via its Beautiful Homes initiative, expert color consultations, and professional painting and sanitization services. The company's offerings are marketed under prominent brands such as Asian Paints, Apco Coatings, Asian Paints Berger, SCIB Paints, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints. Products reach customers through a robust network of dealers, retail outlets, and an active online platform. Established in 1942, Asian Paints Limited maintains its corporate headquarters in Mumbai, India.