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Asian Paints Ltd

Updated on July 5, 2020

Stock/Share Code - ASIANPAINT

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing related services.(Source : 201903 Annual Report Page No: 159)

Below is the details of ASIANPAINT Asian Paints Ltd

Market Cap₹161,443 Cr.
Current Price ₹1,703.5 as on 10 Jul 20
52 Week High / Low Price₹1,916.7 / ₹1,291.25
Face Value₹1
Stock P/E60.24
Book Value₹98.23
Dividend Yield0.62 %
ROCE38.21 %
ROE25.48 %
Sales Growth (3yrs)11.48 %
IndustryPaints / Varnishes
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 26.11% Company has been maintaining a healthy dividend payout of 48.69%
Cons: Stock is trading at 17.13 times its book value The company has delivered a poor growth of 10.53% over past five years.

Asian Paints Ltd Price Chart

Asian Paints Ltd Price Chart

Asian Paints Ltd Peer Comparison in Paints/Varnish

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Asian Paints 60.24 ₹161,442.58 Cr. 0.62 ₹758.89 Cr. 20.12 2.66 4656.88 38.21
2. Berger Paints ₹498.55 71.91 ₹47,759.73 Cr. 0.39 ₹182.35 Cr. 36.92 4.90 1695.87 28.20
3. Kansai Nerolac ₹431.9 37.61 ₹19,595.12 Cr. 0.87 ₹67.22 Cr. -22.91 -11.56 1080.07 20.45
4. Akzo Nobel ₹1,829.55 34.19 ₹8,556.57 Cr. 1.28 ₹76.99 Cr. 22.13 -7.18 727.03 24.15
5. Shalimar Paints ₹59.85 ₹303 Cr. 0.00 -₹5.21 Cr. 44.52 24.51 93.28 -17.66
6. Hardcast.& Waud 28.90 ₹11.56 Cr. 0.00 ₹0.18 Cr. 100.00 13.75 0.91 0.49

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Asian Paints Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Sales -3,3203,2033,6023,5873,7753,7063,9144,5364,2354,3804,2784,657
YOY Sales Growth %9.42%7.34%16.12%10.69%13.71%15.72%8.66%26.44%12.18%18.18%9.30%2.66%
Expenses -2,6812,6062,8822,7692,9902,8363,1373,4993,4153,2903,4053,539
Material Cost %56%56%58%56%55%55%59%58%57%55%57%56%
Employee Cost %5%6%6%5%5%6%5%5%6%6%6%5%
Operating Profit6395977208187858717771,0378201,0908731,118
OPM %19%19%20%23%21%23%20%23%19%25%20%24%
Other Income8586646859697370728611493
Profit before tax6456037028037588087089417129867931,017
Tax %32%34%33%34%35%33%32%33%33%34%0%25%
Net Profit441401473529492542481632478652791759
EPS in Rs4.604.184.945.515.125.655.016.594.986.808.247.91

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -3,2594,0704,8916,0447,5958,5399,93611,11011,83012,64714,16816,39217,550
Sales Growth %21.81%24.89%20.16%23.59%25.66%12.42%16.36%11.82%6.48%6.90%12.02%15.70%
Expenses -2,6993,5103,8764,8866,2436,9888,1669,1239,4159,97311,24213,08213,649
Material Cost %49.58%53.53%47.99%50.41%53.29%51.44%50.64%57.96%55.66%45.05%48.05%49.06%
Manufacturing Cost %13.42%13.35%12.73%12.74%11.63%11.91%11.96%2.95%2.79%11.88%10.78%10.47%
Employee Cost %6.00%5.89%5.38%5.00%4.53%4.77%4.88%5.72%5.67%5.91%5.62%5.54%
Other Cost %13.81%13.46%13.14%12.69%12.75%13.72%14.70%15.48%15.46%16.02%14.90%14.74%
Operating Profit5605611,0151,1581,3521,5511,7701,9872,4152,6742,9263,3103,901
OPM %17%14%21%19%18%18%18%18%20%21%21%20%22%
Other Income605816975141126174201249300275279365
Profit before tax5635461,1051,1221,3631,5161,7031,9342,4032,6572,8663,1753,509
Tax %33%34%30%31%30%31%31%31%32%32%34%33%
Net Profit3753627747759581,0501,1691,3271,6231,8021,8952,1352,680
EPS in Rs3.623.487.627.569.3410.1711.3312.6616.4818.7819.7522.2627.93
Dividend Payout %43%46%33%40%40%42%43%44%44%55%44%47%

Compounded Sales Growth

  • 10 Years:: 14.95%
  • 5 Years:: 10.53%
  • 3 Years:: 11.48%
  • TTM:: 10.16%

Compounded Profit Growth

  • 10 Years:: 19.32%
  • 5 Years:: 13.39%
  • 3 Years:: 9.68%
  • TTM:: 24.90%

Return on Equity

  • 10 Years:: 22.87%
  • 5 Years:: 17.15%
  • 3 Years:: 13.07%
  • 1 Year:: 19.60%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital -96969696969696969696969696
Equity Capital969696969696969696969696
Other Liabilities -9831,0061,5081,8062,1402,5703,0713,0042,7643,2243,7784,2504,758
Trade Payables3763595729321,1031,2141,4991,3131,3331,6711,8522,0622,278
Advance from Customers0000000361063
Other liability items6076479378741,0371,3561,5721,6881,4241,5431,9212,1842,480
Total Liabilities2,0062,1753,1343,8554,7965,6466,7207,2748,72510,35811,58813,15214,196
Fixed Assets -4296237071,0571,0092,1022,0121,9652,6292,6052,5694,6715,119
Gross Block9381,1171,1941,6111,6602,8622,9813,1032,8633,1313,4015,881
Accumulated Depreciation4694674745446407539521,1242345268321,210
Other Assets -1,0441,2281,3422,2102,6423,0272,9993,2753,2074,6205,0505,3396,098
Trade receivables2523113313565006347127307599951,1381,2451,324
Cash Equivalents411282950950155210462161206121168164
Loans n Advances2282622422042212994475055897701,087962253
Other asset items-17-20-23701556170177874555253791,330
Total Assets2,0062,1753,1343,8554,7965,6466,7207,2748,72510,35811,58813,15214,196

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity -4573258487438811,0811,3711,1441,9801,4202,1362,184
Profit from operations5855911,0561,1901,4081,5991,8392,0772,5772,8093,0813,447
Loans Advances000000-3732-99000
Direct taxes-175-174-293-354-400-403-444-589-761-843-986-914
Other operating items000000-4127-185-191-2
Exceptional CF items000000000000
Cash from Investing Activity --332-214-242-410-592-440-618-292-863-584-1,371-815
Fixed assets purchased-258-238-350-144-741-585-163-336-687-611-1,358-1,067
Fixed assets sold28930551122915
Investments purchased-203-3-50-311-305-200-1,016-243-282-70-153-325
Investments sold11501180394305461246233224196485
Interest received434623555142033
Dividends received251723365733917170774346
Invest in subsidiaries00000000-1430-2120
Loans to subsidiaries-16-19-0-0-0-1-0-0000-2
Other investing items0183-0010-36-70-219850
Cash from Financing Activity --127-222-239-320-297-591-560-728-704-956-1,239-896
Proceeds from borrowings5444110101206800
Repayment of borrowings-36-24-10-6-8-124-8-48-7-41-2-1
Interest paid fin-8-10-15-16-31-31-25-27-20-23-20-26
Dividends paid-87-191-218-301-367-445-528-673-749-914-1,185-1,022
Other financing items000000006613-32154
Net Cash Flow-1-11136713-851194124413-120-474473

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %61%51%74%62%58%53%50%49%47%41%39%38%
Debtor Days282825212427262423292928
Inventory Turnover6.707.507.476.596.506.226.326.416.936.656.486.88

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