Asian Paints Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 21.8%)
- ✓Efficient capital deployment (ROCE 26.3%)
- ✓Low debt relative to equity (D/E 0.2x)
Concerns
- ✗High premium to book value (P/B 12.1x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,709 | ₹4.1L Cr | 80 | 26.61 | 37.7 | 20.5 | 0.97 |
| LGEINDIA LG Electronics India Limited | ₹1,564 -0.82% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹13,855 | ₹88K Cr | 60.9 | 18.02 | 37.4 | 42 | 0.34 |
| HAVELLS Havells India Limited | ₹1,209 | ₹75K Cr | 44.7 | 8.01 | 19 | 24.9 | 0.03 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹595 | ₹59K Cr | 43 | 9.74 | 24.8 | 20.5 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹506 +3.2% | ₹58K Cr | 49.3 | 8.54 | 17.8 | 22.2 | 0.11 |
| VOLTAS Voltas Limited | ₹1,309 | ₹44K Cr | 113 | 6.78 | 6.1 | 9.04 | 0.28 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ASIANPAINT · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% |
| FII | 17.32% | 15.89% | 15.27% | 15.28% | 13.61% | 12.23% |
| DII | 10.52% | 11.61% | 12.30% | 13.10% | 13.98% | 15.51% |
| Public | 19.44% | 19.78% | 19.68% | 18.88% | 19.66% | 19.51% |
| Govt | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| Others | 0.04% | 0.04% | 0.06% | 0.05% | 0.05% | 0.05% |
Corporate Events
This is to inform that a meeting of the Board of Directors of the Company will be held on Wednesday, 29th July 2026, inter alia, to consider and approve 1. audited standalone financial results of the Company for the quarter ended 30th June 2026; and 2. un
Dividend - Rs 23 Per Share
This is to inform you that a meeting of the Board of Directors of the Company will be held on Friday, 29th May 2026, inter alia, to consider the following: 1. Approval of audited standalone financial results of the Company for the quarter and financial ye
Interim Dividend - Rs 4.50 Per Share
Dividend - Rs 20.55 Per Share
Interim Dividend - Rs 4.25 Per Share
Dividend - Rs 28.15 Per Share
Interim Dividend - Rs 5.15 Per Share
Dividend - Rs 21.25 Per Share
Latest News
All news →Asian Granito acquires entity for business expansion
*Asian Granito acquires entity for business expansion* — Asian Granito India Limited has announced the acquisition of an unspecified entity to expand its business footprint. The move is aimed at strengthening its position in the building materials sector. Financial terms of the deal were not disclosed. 📊 *STOCKS:* ASIANPAINT | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Acquisition
Asian Paints holds 80th Annual General Meeting
*Asian Paints holds 80th Annual General Meeting* — The company conducted its 80th AGM on **9th July 2026** at 11:00 a.m. IST. The filing shares procedural updates without disclosing material financial or strategic announcements. Details on dividends or leadership changes, if any, were not highlighted in this release. 📊 *STOCKS:* ASIANPAINT | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateUpdate
Crude oil rally lifts ONGC, Oil India; OMCs, Asian Paints fall
*Crude oil rally lifts ONGC, Oil India; OMCs, Asian Paints fall* — Crude oil prices surged **8%** this week, boosting upstream firms ONGC and Oil India, which gained **3-5%**. Downstream OMCs and paint makers like Asian Paints slipped up to **4%** on margin concerns. The rally reshapes sectoral performance ahead of monthly expiry. 📊 *STOCKS:* ONGC, OILINDIA, ASIANPAINT | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #CrudeOil
Asian Paints, Indigo, BPCL rise on falling crude prices
*Asian Paints, Indigo, BPCL rise on falling crude prices*\nDeclining crude oil prices boosted sentiment, aiding companies with high fuel and input cost exposure. **Crude prices fell ** to **$82/barrel**, benefiting paint, aviation, and refining sectors. Investors favored cost-saving plays amid easing inflation concerns.\n\n📊 *STOCKS:* ASIANPAINT, INDIGO, BPCL | 🏢 *SECTOR:* Trading | #MEDIUMIMPACT #CrudeOil
Top stocks to watch on June 02: Analysts highlight key movers
*Top stocks to watch on June 02: Analysts highlight key movers* — Market analysts have identified **Asian Paints** and **Cummins India** as key stocks to monitor today based on technical patterns and near-term momentum. Both stocks have shown **strong volume buildup** and are trading near critical resistance levels. Traders may look for breakout or reversal signals depending on early market sentiment. 📊 *STOCKS:* ASIANPAINT, CUMMINSINDIA | 🏢 *SECTOR:* Trading | #LOWIMPACT #Trading
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹8.9K Cr ▲3.9% | ₹8.5K Cr ▼4.6% | ₹8.9K Cr ▲6.9% | ₹8.4K Cr ▼2.2% | ₹8.5K Cr ▲6.5% | ₹8.0K Cr ▼10.5% | ₹9.0K Cr ▲2.7% | ₹8.7K Cr |
| Op. Profit | ₹1.8K Cr ▲18.5% | ₹1.5K Cr ▼7.5% | ₹1.6K Cr ▲13.2% | ₹1.4K Cr ▼12.3% | ₹1.6K Cr ▲32.0% | ₹1.2K Cr ▼26.8% | ₹1.7K Cr ▲0.2% | ₹1.7K Cr |
| OPM | 20.0% ▲11.1% | 18.0% ▲0.0% | 18.0% ▲5.9% | 17.0% ▼10.5% | 19.0% ▲26.7% | 15.0% ▼21.1% | 19.0% ▲0.0% | 19.0% |
| Net Profit | ₹1.1K Cr ▲5.5% | ₹1.0K Cr ▼8.9% | ₹1.1K Cr ▲59.3% | ₹701 Cr ▼37.9% | ₹1.1K Cr ▲62.5% | ₹694 Cr ▼41.5% | ₹1.2K Cr ▼6.9% | ₹1.3K Cr |
| EPS (₹) | 11.05 ▲6.7% | 10.36 ▼9.7% | 11.47 ▲58.9% | 7.22 ▼37.7% | 11.58 ▲59.9% | 7.24 ▼40.7% | 12.2 ▼6.9% | 13.1 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹35.6K Cr ▲4.9% | ₹33.9K Cr ▼4.5% | ₹35.5K Cr ▲2.9% | ₹34.5K Cr ▲18.5% | ₹29.1K Cr ▲34.0% | ₹21.7K Cr ▲7.4% | ₹20.2K Cr ▲5.0% | ₹19.2K Cr ▲14.4% | ₹16.8K Cr ▲11.7% | ₹15.1K Cr |
| Expenses | ₹28.9K Cr ▲3.5% | ₹27.9K Cr ▼0.0% | ₹27.9K Cr ▼1.1% | ₹28.2K Cr ▲16.2% | ₹24.3K Cr ▲44.1% | ₹16.9K Cr ▲5.0% | ₹16.0K Cr ▲3.7% | ₹15.5K Cr ▲13.6% | ₹13.6K Cr ▲12.9% | ₹12.1K Cr |
| Op. Profit | ₹6.7K Cr ▲11.6% | ₹6.0K Cr ▼20.8% | ₹7.6K Cr ▲21.2% | ₹6.3K Cr ▲30.3% | ₹4.8K Cr ▼1.1% | ₹4.9K Cr ▲16.7% | ₹4.2K Cr ▲10.5% | ₹3.8K Cr ▲17.5% | ₹3.2K Cr ▲7.0% | ₹3.0K Cr |
| OPM | 19.0% ▲5.6% | 18.0% ▼14.3% | 21.0% ▲16.7% | 18.0% ▲5.9% | 17.0% ▼22.7% | 22.0% ▲4.8% | 21.0% ▲5.0% | 20.0% ▲5.3% | 19.0% ▼5.0% | 20.0% |
| Other Income | ₹728 Cr ▲108.0% | ₹350 Cr ▼57.4% | ₹821 Cr ▲90.5% | ₹431 Cr ▲45.6% | ₹296 Cr ▼10.8% | ₹332 Cr ▼5.1% | ₹350 Cr ▲27.7% | ₹274 Cr ▼18.5% | ₹336 Cr ▼0.6% | ₹338 Cr |
| Interest | ₹195 Cr ▼14.1% | ₹227 Cr ▲10.7% | ₹205 Cr ▲42.4% | ₹144 Cr ▲51.6% | ₹95 Cr ▲3.3% | ₹92 Cr ▼9.8% | ₹102 Cr ▼7.3% | ₹110 Cr ▲168.3% | ₹41 Cr ▲10.8% | ₹37 Cr |
| Depreciation | ₹1.2K Cr ▲19.8% | ₹1.0K Cr ▲20.3% | ₹853 Cr ▼0.6% | ₹858 Cr ▲5.1% | ₹816 Cr ▲3.2% | ₹791 Cr ▲1.4% | ₹780 Cr ▲25.4% | ₹622 Cr ▲72.8% | ₹360 Cr ▲7.5% | ₹335 Cr |
| PBT | ₹6.0K Cr ▲17.6% | ₹5.1K Cr ▼30.6% | ₹7.3K Cr ▲29.2% | ₹5.7K Cr ▲35.8% | ₹4.2K Cr ▼2.7% | ₹4.3K Cr ▲18.6% | ₹3.6K Cr ▲9.8% | ₹3.3K Cr ▲5.4% | ₹3.1K Cr ▲6.0% | ₹3.0K Cr |
| Tax % | 27.0% ▲0.0% | 27.0% ▲12.5% | 24.0% ▼7.7% | 26.0% ▲0.0% | 26.0% ▲0.0% | 26.0% ▲8.3% | 24.0% ▼27.3% | 33.0% ▲0.0% | 33.0% ▲3.1% | 32.0% |
| Net Profit | ₹4.4K Cr ▲18.5% | ₹3.7K Cr ▼33.2% | ₹5.6K Cr ▲32.5% | ₹4.2K Cr ▲36.0% | ₹3.1K Cr ▼3.8% | ₹3.2K Cr ▲15.6% | ₹2.8K Cr ▲25.6% | ₹2.2K Cr ▲5.2% | ₹2.1K Cr ▲4.1% | ₹2.0K Cr |
| EPS (₹) | 45.09 ▲17.9% | 38.23 ▼32.8% | 56.92 ▲33.0% | 42.81 ▲35.5% | 31.59 ▼3.5% | 32.73 ▲16.1% | 28.2 ▲25.4% | 22.48 ▲5.7% | 21.26 ▲5.1% | 20.22 |
| Div Payout | 61.0% ▼6.2% | 65.0% ▲12.1% | 58.0% ▼3.3% | 60.0% ▼1.6% | 61.0% ▲10.9% | 55.0% ▲27.9% | 43.0% ▼8.5% | 47.0% ▲14.6% | 41.0% ▼19.6% | 51.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr ▲0.0% | ₹96 Cr |
| Reserves | ₹19.5K Cr ▲0.9% | ₹19.3K Cr ▲3.6% | ₹18.6K Cr ▲17.2% | ₹15.9K Cr ▲15.9% | ₹13.7K Cr ▲7.9% | ₹12.7K Cr ▲26.7% | ₹10.0K Cr ▲7.0% | ₹9.4K Cr ▲12.8% | ₹8.3K Cr ▲10.7% | ₹7.5K Cr |
| Borrowings | ₹3.6K Cr ▲55.3% | ₹2.3K Cr ▼7.4% | ₹2.5K Cr ▲28.0% | ₹1.9K Cr ▲21.8% | ₹1.6K Cr ▲45.2% | ₹1.1K Cr ▼2.2% | ₹1.1K Cr ▼15.3% | ₹1.3K Cr ▲147.7% | ₹533 Cr ▼4.8% | ₹560 Cr |
| Other Liabilities | ₹8.2K Cr ▼5.2% | ₹8.7K Cr ▼0.4% | ₹8.7K Cr ▲10.7% | ₹7.9K Cr ▲3.9% | ₹7.6K Cr ▲17.1% | ₹6.5K Cr ▲32.1% | ₹4.9K Cr ▼10.4% | ₹5.5K Cr ▲13.3% | ₹4.8K Cr ▲13.7% | ₹4.2K Cr |
| Total Liabilities | ₹31.3K Cr ▲3.3% | ₹30.4K Cr ▲1.5% | ₹29.9K Cr ▲16.0% | ₹25.8K Cr ▲12.3% | ₹23.0K Cr ▲12.8% | ₹20.4K Cr ▲26.1% | ₹16.1K Cr ▼0.7% | ₹16.2K Cr ▲18.1% | ₹13.8K Cr ▲10.9% | ₹12.4K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹9.2K Cr ▼0.0% | ₹9.2K Cr ▲29.0% | ₹7.1K Cr ▲23.9% | ₹5.8K Cr ▲4.5% | ₹5.5K Cr ▼5.8% | ₹5.9K Cr ▼6.6% | ₹6.3K Cr ▼3.5% | ₹6.5K Cr ▲74.1% | ₹3.7K Cr ▲13.0% | ₹3.3K Cr |
| CWIP | ₹1.8K Cr ▲40.8% | ₹1.3K Cr ▼53.5% | ₹2.7K Cr ▲164.5% | ₹1.0K Cr ▲139.4% | ₹426 Cr ▲132.8% | ₹183 Cr ▲30.7% | ₹140 Cr ▼33.3% | ₹210 Cr ▼85.1% | ₹1.4K Cr ▲444.6% | ₹258 Cr |
| Investments | ₹5.4K Cr ▲14.9% | ₹4.7K Cr ▲3.0% | ₹4.6K Cr ▲7.6% | ₹4.3K Cr ▲31.2% | ₹3.2K Cr ▼31.4% | ₹4.7K Cr ▲134.6% | ₹2.0K Cr ▼21.4% | ₹2.6K Cr ▲20.0% | ₹2.1K Cr ▼19.3% | ₹2.7K Cr |
| Other Assets | ₹14.9K Cr ▼1.5% | ₹15.2K Cr ▼2.0% | ₹15.5K Cr ▲5.0% | ₹14.7K Cr ▲7.0% | ₹13.8K Cr ▲43.7% | ₹9.6K Cr ▲24.3% | ₹7.7K Cr ▲10.5% | ₹7.0K Cr ▲7.5% | ₹6.5K Cr ▲4.7% | ₹6.2K Cr |
| Total Assets | ₹31.3K Cr ▲3.3% | ₹30.4K Cr ▲1.5% | ₹29.9K Cr ▲16.0% | ₹25.8K Cr ▲12.3% | ₹23.0K Cr ▲12.8% | ₹20.4K Cr ▲26.1% | ₹16.1K Cr ▼0.7% | ₹16.2K Cr ▲18.1% | ₹13.8K Cr ▲10.9% | ₹12.4K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹4.4K Cr ▼27.5% | ₹6.1K Cr ▲45.6% | ₹4.2K Cr ▲325.3% | ₹986 Cr ▼73.2% | ₹3.7K Cr ▲21.2% | ₹3.0K Cr ▲23.0% | ₹2.5K Cr ▲16.9% | ₹2.1K Cr ▲38.4% | ₹1.5K Cr ▼31.9% | ₹2.2K Cr |
| Investing CF | ₹-941 Cr ▲63.1% | ₹-2.5K Cr ▼98.8% | ₹-1.3K Cr ▼304.4% | ₹-317 Cr ▲41.4% | ₹-541 Cr ▼4.4% | ₹-518 Cr ▲43.6% | ₹-918 Cr ▲41.0% | ₹-1.6K Cr ▼128.5% | ₹-681 Cr ▲21.4% | ₹-866 Cr |
| Financing CF | ₹-3.8K Cr ▼25.9% | ₹-3.0K Cr ▼39.3% | ₹-2.1K Cr ▼18.4% | ₹-1.8K Cr ▼178.2% | ₹-650 Cr ▲77.4% | ₹-2.9K Cr ▼157.0% | ₹-1.1K Cr ▲19.0% | ₹-1.4K Cr ▼82.4% | ₹-756 Cr ▲11.0% | ₹-849 Cr |
| Net Cash Flow | ₹-270 Cr ▼147.1% | ₹573 Cr ▼25.7% | ₹771 Cr ▲167.8% | ₹-1.1K Cr ▼145.7% | ₹2.5K Cr ▲810.0% | ₹-351 Cr ▼180.9% | ₹434 Cr ▲152.8% | ₹-822 Cr ▼1013.3% | ₹90 Cr ▼83.0% | ₹528 Cr |
| Free Cash Flow | ₹2.6K Cr ▼27.9% | ₹3.6K Cr ▲30.2% | ₹2.8K Cr ▲484.0% | ₹475 Cr ▼86.1% | ₹3.4K Cr ▲28.6% | ₹2.7K Cr ▲99.2% | ₹1.3K Cr ▲89.5% | ₹705 Cr ▼18.0% | ₹860 Cr ▼40.3% | ₹1.4K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46d ▼8.0% | 50d ▲2.0% | 49d ▲0.0% | 49d ▲11.4% | 44d ▲37.5% | 32d ▼11.1% | 36d ▼5.3% | 38d ▲8.6% | 35d ▲16.7% | 30d |
| Inventory Days | 142d ▲16.4% | 122d ▲0.8% | 121d ▼14.8% | 142d ▲6.0% | 134d ▲5.5% | 127d ▲6.7% | 119d ▲1.7% | 117d ▼15.2% | 138d ▲27.8% | 108d |
| Days Payable | 81d ▲2.5% | 79d ▲11.3% | 71d ▼26.0% | 96d ▼19.3% | 119d ▲48.8% | 80d ▼11.1% | 90d ▼5.3% | 95d ▼5.9% | 101d ▲20.2% | 84d |
| Cash Conv. Cycle | 107d ▲15.1% | 93d ▼6.1% | 99d ▲5.3% | 94d ▲59.3% | 59d ▼25.3% | 79d ▲21.5% | 65d ▲8.3% | 60d ▼16.7% | 72d ▲33.3% | 54d |
| Working Capital Days | 52d ▲6.1% | 49d ▼9.3% | 54d ▼5.3% | 57d ▲54.1% | 37d ▲8.8% | 34d ▲112.5% | 16d ▼27.3% | 22d ▲0.0% | 22d ▲46.7% | 15d |
| ROCE | 26.0% ▼31.6% | 38.0% ▲11.8% | 34.0% ▲17.2% | 29.0% ▼14.7% | 34.0% ▲3.0% | 33.0% ▲0.0% | 33.0% ▼8.3% | 36.0% ▼5.3% | 38.0% ▼9.5% | 42.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Asian Paints Limited
Asian Paints is the largest home decor company in India. The 80+yr old company has major brands like Asian Paints, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows.
Consumer Durables · Consumer Durables