1. India Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Asian Paints Ltd.

Asian Paints Ltd.

2,284.80
INR
-34.60
(-1.49%)
50.43EPS
53.01P/E
2.53TMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
131.73
146.58
147.24
155.46
173.53
198.92
209.16
224.18
301.76
358.64
369.15
352.71
370.75
387.28
Basic EPS, GAAP
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
49.72
Free Cash Flow per Basic Share
12
7.65
14.86
8.79
7.17
13.53
27.36
35.39
4.54
28.66
37.62
27.06
58.43
- -
Dividend per Share
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
- -
Book Value per Share
42.11
57.84
68.02
79.27
87.21
98.73
105.61
133.51
144.02
166.79
195.32
202.35
222.94
- -
Tangible Book Value per Share
39.7
53.77
64.27
75.65
80.81
92.53
99.49
127.92
139.55
162.45
186.52
196.21
217.98
- -
Basic Weighted Avg Shares
959
959
959
959
959
959
959
959
959
959
959
959
959
958
Sales/Revenue/Turnover
126,356
140,597
141,236
149,118
166,447
190,803
200,628
215,030
289,414
343,887
353,954
338,152
355,409
371,133
Operating Margin (%)
14.01
14.08
17.71
17.83
17.11
16.54
16.88
18.92
13.6
15.95
19.1
14.75
15.78
16.19
Depreciation Expense
2,556
2,683
2,756
3,388
3,605
6,256
7,819
7,913
8,164
8,580
8,530
10,263
12,289
12,322
Net Income, GAAP
12,188
13,952
17,452
19,394
20,389
21,559
27,052
31,393
30,306
41,065
54,602
36,672
43,254
47,648
Effective Tax Rate (%)
31.16
31.27
32.31
32.15
33.92
33.15
23.52
25.5
26.34
26.25
24.36
27.3
26.8
26.6
Profit Margin (%)
9.65
9.92
12.36
13.01
12.25
11.3
13.48
14.6
10.47
11.94
15.43
10.84
12.17
12.84
Working Capital
14,565
22,492
25,859
30,808
22,944
24,469
31,997
61,007
75,813
86,392
90,361
88,505
110,476
- -
LT Debt
404
774
718
404
4,204
5,604
6,084
5,759
6,429
8,051
11,497
13,829
25,541
- -
Total Equity
42,852
58,935
69,085
79,793
86,910
98,318
105,337
132,292
141,991
164,459
194,237
200,591
220,150
- -
Return on Invested Capital (%)
28.46
24.02
23.85
22.24
19.84
19.64
22.45
23.41
19.37
23.57
25.48
15.4
16.38
- -
Return on Capital (%)
28.81
25.63
25.35
23.89
21.88
20.78
23.81
24.18
20.24
24.14
27.4
17.13
18.22
- -
Return on Common Equity (%)
32.84
29.11
28.91
27.45
25.54
24.18
27.6
27.37
22.77
27.56
31.45
19.24
21.22
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
13,748
- -
LT Borrowings
- -
12,472
- -
LT Finance Leases
- -
13,069
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
959
959
959
Market Capitalization
2,655,239
2,075,657
2,526,699

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
201,846
- -
Cash, Cash Equivalents & STI
- -
86,016
- -
Accounts Receivable, Net
- -
44,623
- -
Inventories
- -
57,437
- -
Total Current Liabilities
- -
91,370
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
13,748
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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%
11.4%
5.1%
Total Cash Common Dividend
35.94%
58.99%
-22.76%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
89,432
80,030
85,215
83,296
338,152
2026
89,245
85,137
88,497
92,285
355,409
2027
105,214
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
12.2
7.25
11.58
7.22
38.25
2026
11.47
10.37
11.06
12.23
45.12
2027
16.06
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
32.75
2026
- -
- -
- -
- -
25.3
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Amit Syngle
Full Time Employees
33,360
Sector
Process industries
Industry
Industrial specialties
Address
6A & 6B,Shantinagar Mumbai MA India 400055
IPO Date
Jan 1, 1982
Website
asianpaints.com
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Business
Asian Paints Limited manufactures and markets a comprehensive range of decorative and industrial paints, coatings, enamels, primers, wood finishes and metal paints; waterproofing solutions; adhesives; wall coverings; and home décor products including modular kitchens and wardrobes, bath fittings and sanitaryware, designer and general tiles, decorative lighting, uPVC windows and doors, furniture, fabrics and furnishings, and rugs. The company operates through subsidiaries and joint ventures such as PPG Asian Paints Private Limited and Asian Paints PPG Private Limited for automotive, protective, powder, marine and packaging coatings; Sleek International for kitchen solutions; Ess Ess for bath fittings; White Teak for lighting; SCIB Paints in Egypt; Kadisco Asian Paints in Ethiopia; Asian Paints Causeway in Sri Lanka; Asian Paints Berger in the Middle East; Apco Coatings and Taubmans in the South Pacific; and others across Asia, the Middle East, Africa and beyond. Founded in 1942 and headquartered in Mumbai, India, Asian Paints maintains 27 manufacturing facilities in 15 countries including India, Sri Lanka, Nepal, Bangladesh, Fiji, Samoa, Vanuatu, Solomon Islands, Oman, Bahrain, UAE, Egypt, Qatar and Ethiopia, serving consumers in over 60 countries with a focus on residential, commercial, industrial and automotive sectors. In August 2025, Asian Paints renews its 50:50 joint ventures with PPG Industries for another 15 years through 2041, strengthening automotive and industrial coatings; its board approves the amalgamation of wholly owned subsidiary Asian Paints (Polymers) Private Limited in July 2025 to streamline operations; and plans a second paint manufacturing facility in the UAE as of November 2025, building on prior expansions like the 2022 nanotechnology partnership with Harind Chemicals, VAE/VAM plant investment and white cement joint venture in Fujairah.