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Shareholding Info
  • Promoters
    52.63 %
  • Foreign institutions-FII
    17.32 %
  • Other domestic institutions
    7.12 %
  • Retail and other
    19.47 %
  • Mutual Funds
    3.46 %

About Asian Paints


Asian Paints is the largest paints company in India as per market share. It is a multinational paint manufacturer with operations in over 15 countries globally.

Asian Paints was founded by four friends as a partnership firm in February 1942 and became one of India’s leading manufacturers of paints by 1967. The company now has a major presence, not just in India but also in the Middle East.

The paint manufacturing giant operates a total of 27 production facilities across 15 countries.

The company’s market capitalisation stands at ₹3,08,995 crore as of December 13, 2023. Asian Paints’ promoter group holds a 52.63% stake in the company while foreign institutional investors (FIIs) hold a 17.65% stake. Domestic institutional investors (DIIs) have a 10.1% stake and public shareholding stands at 19.6%. Asian Paints share price has witnessed a double-digit growth of 28% over the past three years.


Asian Paints business operations


Asian Paints offers its services in more than 60 countries, manufacturing a wide range of paints for household and industrial purposes. Some of the company’s major subsidiaries spread across the world include:

  • Asian Paints Berger
  • Apco Coatings
  • SCIB Paints
  • Taubmans
  • Asian Paints Causeway
  • Kadisco Asian Paints

Asian Paints’ key businesses encompass the following segments:
  • Decorative paints : Under this segment, the company offers a wide range of interior as well as exterior wall painting services for homes and commercial spaces with products like Royale Glitz, Royale Shyne, Royale Luxury Emulsion, Apex Ultima Protek Duralife and Apex Ultima.

    It also provides waterproofing solutions for household services and a wide range of wood coatings and polish options.
  • Industrial coatings : Asian Paints operates through two joint ventures (JVs) with the Pennsylvania-based paints manufacturing giant PPG Industries – PPG Asian Paints and Asian Paints PPG Ltd, both with a 50:50 JV partnership.
    These two joint ventures provide services to the automotive coatings market as well as the industrial powder, industrial containers and light industrial coatings markets in India.
  • Home decor : In this business segment, Asian Paints deals in bath and kitchen fittings products.
  • Interior decoration : Asian Paints has recently signed an agreement with the Weatherseal Fenestration, based in Karnataka, for the acquisition of a 51% majority stake in the company. Weatherseal Fenestration is a major player in the interior decoration business. This will help Asian Paints in foraying into the uPVC windows and door systems manufacturing space.
    It also entered into another such agreement with Obgenix Software for acquiring a 49% stake in it as the Delhi-based company is engaged in the decorative lighting products and fans business.

Financial Highlights

  • The total income of the company stood at ₹34,875.07 crore in the financial year ended March 31, 2023 (FY23), up 18.3% compared to ₹29,481.29 crore in the preceding fiscal year.
  • Its profit after tax (PAT) increased 36% in FY23 to ₹4,195.33 crore on a year-on-year (YoY) basis from ₹4,195.33 crore in FY22.
  • The paint major’s earnings per share (EPS) of ₹42.83 in FY23 was 35.6% higher than ₹31.59 in the preceding financial year.
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