stock logo

41% Sell

Asian Paints Share Price

ASIANPAINT

₹2,885.75+₹33.95 (1.19%) TodayLast updated on 22 May, 2024 | 03:58 PM IST
₹2,836.60₹2,895.00
L
Show Current Price
H
  • News

  • Company overview

  • Fundamentals

  • Events

  • More

Company overview

Financial performance

arrow

Market cap

Market Cap Switch₹2,73,443 Crs

Open

₹2,851.80

Close

₹2,851.80

Circuit range

₹3,136.95 - ₹2,566.65

Day range

₹2,836.60 - ₹2,895.00

Year range

₹2,670.10 - ₹3,568.00

Volume

9,33,846

Avg. traded

₹2,879.02

Revenue (12m)

₹35,495 Crs

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.

Asian Paints Key indicators

arrow

52 week high

₹3,568.00

52 week low

₹2,670.10

P/E ratio

50.08

P/B ratio

14.74

ROE

28.38%

ROCE

38.5%

Dividend yield

1.16%

Debt/Equity ratio

EPS

42.75

Learn more

Investment checklist: (2/6)

arrow
check status

Equity returns

check status

Dividend returns

check status

Safety factor

check status

Growth factor

check status

Debt vs Equity

check status

Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Sell

arrow

Buy

29%

Hold

30%

Sell

41%

This analysis is based on the reviews of 34 experts in the last 7 days

Brands by Asian Paints

arrow
brand logo

Apco Coatings

brand logo

Asian Paints Berger

brand logo

Asian Paints

Fundamentals

Financial ratios

arrow
  • Profitability

  • Operational

  • Valuation

Operating profit margin

17.71%

Net profit margin

11.46%

ROE

28.38%

ROA

19.32%

ROCE

38.5%

Learn more

Asian Paints Shareholder returns

arrow

1 day

+1.26%

1 week

-0.50%

1 month

+1.54%

3 months

-5.00%

1 year

-7.54%

3 years

+0.68%

5 years

+110.04%

Revenue statement

All values are in ₹ Crores (Cr)
arrow
Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
arrow
Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
arrow
Empty state

No data available at the moment

Asian Paints Share Price history

arrow
DayOpenCloseDay’s change

Shareholding info

arrow

Promoters (52.63%)

Mutual Funds (3.75%)

Retail and other (19.82%)

Foreign institutions-FII (15.89%)

Other domestic institutions (7.91%)

Promoters

Learn more

Events

Corporate actions

arrow
  • Dividend • ₹28.15/share

    Ex date 11 Jun 2024

    expand tab
  • Dividend • ₹5.15/share

    Ex date 03 Nov 2023

    expand tab
  • Dividend • ₹21.25/share

    Ex date 09 Jun 2023

    expand tab
  • Dividend • ₹4.4/share

    Ex date 31 Oct 2022

    expand tab
  • Dividend • ₹15.5/share

    Ex date 09 Jun 2022

    expand tab
  • Dividend • ₹3.65/share

    Ex date 28 Oct 2021

    expand tab

Learn more

Frequently asked questions