Asian Paints Ltd

Paints / Varnishes

NSE: ASIANPAINT Large Cap ISIN: INE021A01026
As on 04 November 2024 at 09:07
As on 04 November 2024 at 09:07
2,962.15
+22.30
(0.76%)
Over 1 Month
-10.30%
Over 6 Months
-1.19%
Over 1 Year
0.18%
Over 3 Years
-5.83%
Summary
Close 2,962.15
Open 2,962.15
High 2,962.15
Low 2,962.15
Volume 7,152
Net Turnover 33,05,91,226.25
52 Week High 3,422.95
52 Week Low 2,670.10
52Wk High / Low
2,670.10
3,422.95
Key Financial Data
Market Cap (in ₹ Cr) 2,81,989.76
EPS 52.19
Book Value (BV) 192.09
Div. Yield 1.13
P/E 56.33
Price/Book Value 15.31
Delivery % 55.87
Face Value 1
Key Ratios
P/E ratio 51.30
P/B ratio 14.82
EV to Sales 8.88
PEG Ratio 1.72
ROA 26.85
ROE 31.29
Debt-Equity 0.06
Net Profit Margin 17.25
Operating Profit Margin 25.46

Peer Comparison

Company LTP Market Cap (in ₹ Cr)
Asian Paints Ltd ₹2,940 ₹2,82,004.15
Berger Paints India Ltd ₹531.60 ₹61,973.72
Kansai Nerolac Paints Ltd ₹287.25 ₹23,221.20
Akzo Nobel India Ltd ₹4,517.60 ₹20,573.29
Indigo Paints Ltd ₹1,677.60 ₹7,991.20
Shalimar Paints Ltd ₹116.70 ₹976.91

News

Asian Paints revises board meeting date

To 9 November 2024

19 Oct 2024

Asian Paints to hold board meeting

On 9 November 2024

19 Oct 2024

Asian Paints announces board meeting date

On 23 October 2024

14 Sep 2024

Asian Paints slides as Q1 PAT drops 25% YoY to Rs 1,170 cr

Asian Paints declined 1.69% to Rs 2,924.25 after the company's consolidated net profit tumbled 24.54% to Rs 1,169.98 crore in Q1 FY25 as against Rs 1,550.37 crore reported in Q1 FY24.

18 Jul 2024

Asian Paints Q1 PAT drops 25% YoY to Rs 1,170 cr

The paint major's consolidated net profit tumbled 24.54% to Rs 1,169.98 crore in Q1 FY25 as against Rs 1,550.37 crore reported in Q1 FY24.

17 Jul 2024

Financials

Profit and Loss

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Total Revenue 31,674.68 30,596.41 25,640.40 18,882.88 17,551.63
Total Expenses 24,669.64 25,106.81 21,392.53 14,793.21 14,105.40
Profit Before Tax 7,005.04 5,489.60 4,194.14 4,089.67 3,413.03
Profit After Tax 5,321.55 4,100.18 3,134.71 3,051.80 2,653.95
Operating Profit after Depreciation 7,120.46 5,582.66 4,318.12 4,161.33 3,524.61

Balance Sheet

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Fixed Assets 5,360.26 4,642.69 4,553.94 4,763.47 4,960.86
Total Non Current Assets 11,428.69 8,654.11 7,160.41 7,634.06 7,761.92
Total Current Assets 14,553.21 13,875.73 12,747.92 9,946.76 5,825.70
TOTAL ASSETS 25,981.90 22,529.84 19,908.33 17,580.82 13,587.62
Total Shareholder's Fund 18,425.09 15,585.56 13,349.09 12,089.19 9,453.29

Cash Flow

Particulars (in ₹ Cr.) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Net Cash from Operating Activities 5,737.84 4,221.65 1,260.31 3,458.58 2,813.07
Net Cash used in Investing Activities -2,263.19 -1,396.88 -339.98 -436.16 -774.65
Net Cash used in Financing Activities -2,974.48 -2,184.87 -1,989.32 -582.90 -2,500.85

Corporate Actions

Asian Paints Ltd

₹28.15/Share

Announcement Date 11 Jun 2024
Record Date 11 Jun 2024
Div Yield 2815%

About Asian Paints Ltd

Asian Paints Ltd. is a renowned name in the paints and coatings sector, known for its extensive range of products and services. Established in 1942, the company has decades of experience in the industry. Such an experience makes it a trusted brand for millions of customers.
The company is headquartered in Mumbai, Maharashtra, India. Asian Paints has grown to become the largest paint company in India and one of the largest in Asia. The company’s success is driven by its commitment to innovation, quality, and customer satisfaction.

The top promoter of Asian Paints Ltd. is Sattva Holding and Trading Pvt. Ltd., which holds 52.63%. Their leadership and vision have been instrumental in the company’s growth and market dominance.
The key managing promoters are:
  • R Seshasayee
  • Manish Chowksi
  • Amit Syngle
  • Malav Dani
  • Amrita Vakil

Asian Paints offers a wide range of products, including decorative paints for interiors and exteriors. It also offers industrial coatings and wood finishes. Their product list also has waterproofing solutions and bath fittings under the Ess Ess brand. Additionally, the company provides modular kitchens and wardrobes through its “Sleek” brand.

With a significant market share, Asian Paints Ltd. is the biggest player in the Indian paint industry. The company’s registered office is at Asian Paints House, 6A, Shantinagar, Santacruz (E), Mumbai - 400 055, Maharashtra, India. The company's registrar is TSR Darashaw Consultants Private Limited. The management team at Asian Paints ensures the company’s strategic direction and active excellence. Asian Paints continues to lead the industry with its creative products. It also follows a customer-centric approach. The firm is maintaining its position as a market leader.

History of Asian Paints

Asian Paints Ltd. is a name synonymous with innovation and leadership in the paint industry. It was founded in 1942 by four friends—Champaklal Choksey, Suryakant Dani, Chimanlal Choksi,  and Arvind Vakil. The company began its journey in a small garage in Gaiwadi, Girgaon, Mumbai. The founders all belonged to Jain families. They envisioned creating a company that would stand the test of time. Their vision has indeed come to execution.

During the World War II era and the Quit India Movement of 1942, a temporary ban on paint imports left the Indian market open for local players. Asian Paints seized this opportunity and quickly established itself as a formidable player in the industry. By 1952, the company reported a massive turnover through a modest profit margin. The company’s growth trajectory continued, and by 1967, Asian Paints Ltd. had become the leading paint manufacturer in India.

The company was initially incorporated as Asian Oil and Paint Company Pvt. Ltd. in 1945. Later, it was rebranded as Asian Paints (India) Pvt. Ltd. in 1965. It was converted into a public limited company in 1973. This conversion marked a noteworthy milestone in its corporate journey.
Asian Paints’ success can be attributed to its relentless focus on innovation. It also focuses on customer satisfaction. The company introduced several pioneering products and services. These things set new benchmarks in the industry. Its manufacturing operations expanded beyond India. It covers 15 countries with a significant presence in the Indian subcontinent and the Middle East. Today, Asian Paints Ltd. operates 27 paint manufacturing facilities. It serves consumers in over 60 countries.

The company’s growth was not without challenges. In the 1990s, disputes arose among the founding families. It was over global rights as the company expanded internationally. These disputes led to the exit of the Choksey family in 1997. Hereon, Champaklal Choksey’s son, Atul, took over. Despite these internal challenges, Asian Paints continued to thrive. They acquired Berger International Singapore at a 96.48% stake in 2013. The company also acquired Obgenix Software Private Limited at a 49% stake in 2022.

Asian Paints has also made significant strides in India's home improvement and décor space. The company offers a wide range of products. It offers decorative paints and waterproofing solutions. The product list also includes industrial coatings, wood finishes, and bath fittings under the Ess Ess brand. It also provides wardrobes and modular kitchens through its ‘Sleek’ brand.

The company is committed to sustainability and corporate social responsibility. This is evident in its various initiatives aimed at reducing environmental impact. It also reduces contribution to community development. Asian Paints Ltd. has consistently focused on improving its manufacturing processes. This focus minimizes waste and energy consumption.

Asian Paints’ leadership team has played a crucial role in steering the company towards continued success. The promoters have been instrumental in shaping the company’s strategic direction. The management team is led by key executives such as the CEO and Managing Director. They ensure that the company remains at the forefront of the industry.

Asian Paints Ltd.’s journey started as a small garage in Mumbai. It transformed into the largest paint company in India. It is one of the largest companies in Asia. This is a testament to its founders’ vision and the company’s unwavering commitment to excellence. With a rich history, Asian Paints continues to lead the industry.

FAQ’s

What is the share price of Asian Paints Ltd today?
Asian Paints Ltd share price as on 4 Nov 2024 is ₹2962.15
What is the Market Cap of Asian Paints Ltd?
The market cap of Asian Paints Ltd stock is ₹2,81,989.76 Cr.
What is the PE Ratio of Asian Paints Ltd?
The Price to Earnings (P/E) Ratio of Asian Paints Ltd is 51.30
What is the PB Ratio of Asian Paints Ltd?
The Price to Book (P/B) Ratio of Asian Paints Ltd is 14.82
What is the 52 week high of Asian Paints Ltd?
The 52 week high of Asian Paints Ltd is ₹3,422.95
What is the 52 week low of Asian Paints Ltd?
The 52 week low of Asian Paints Ltd is ₹2,670.10

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