fincash logo SOLUTIONS

Fincash » Search » Asian Paints Ltd

Asian Paints Ltd

Updated on March 26, 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₹163,654 Cr.
Current Price ₹1,713.15 as on 10 Dec 19
52 Week High / Low Price₹1,834.8 / ₹1,252.15
Face Value₹1
Stock P/E64.13
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 17.37 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 64.13 ₹163,653.53 Cr. 0.62 ₹790.52 Cr. 64.48 9.30 4278.04 38.21
2. Berger Paints ₹496.05 78.37 ₹48,221.45 Cr. 0.38 ₹194.66 Cr. 67.15 7.28 1598.58 28.20
3. Kansai Nerolac ₹519.9 53.25 ₹28,290.59 Cr. 0.50 ₹190.77 Cr. 59.39 -2.88 1325.55 20.45
4. Akzo Nobel ₹1,944.7 37.20 ₹8,812.28 Cr. 1.24 ₹49.25 Cr. 35.01 -11.20 633.82 24.15
5. Shalimar Paints ₹75.85 ₹502.55 Cr. 0.00 -₹5.27 Cr. 47.82 14.41 82.08 -17.66
6. Yug Decor ₹131 ₹11.47 Cr. 0.00 Cr. -4.27
7. Hardcast.& Waud 36.97 ₹11.46 Cr. 0.00 ₹0.2 Cr. 242.86 7.69 0.56 0.49

Ready to Invest?
Talk to our investment specialist
By submitting this form I authorize to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

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

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
YOY Sales Growth %0.7%9.42%7.34%16.12%10.69%13.71%15.72%8.66%26.44%12.18%18.18%9.3%
Material Cost %55.58%55.52%56.24%57.77%56.48%55.32%55.38%59.19%57.95%56.97%55.2%56.62%
Employee Cost %5.55%5.46%6.43%5.61%5.29%5.12%5.8%5.49%5.03%5.74%5.65%5.92%
Operating Profit6716395977208187858717779868201,090873
OPM %21%19%19%20%23%21%23%20%22%19%25%20%
Other Income5285866468596973667286114
Profit before tax644645603702803758808708940712986793
Tax %34%32%34%33%34%35%33%32%33%33%34%0%
Net Profit426441401473529492542481631478652791
EPS in Rs4.444.604.184.945.515.125.655.016.584.986.808.24

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 Growth %21.81%24.89%20.16%23.59%25.66%12.42%16.36%11.82%6.48%6.9%12.02%15.7%%
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 %5.8%5.72%5.26%4.97%4.5%4.74%4.86%5.69%5.64%5.87%5.58%5.51%%
Other Cost %14.02%13.63%13.26%12.72%12.78%13.75%14.72%15.51%15.5%16.05%14.93%14.77%%
Operating Profit5605611,0151,1581,3521,5511,7701,9872,4152,6742,9263,3103,769
OPM %17%14%21%19%18%18%18%18%20%21%21%20%22%
Other Income605816975141126174201249300275279338
Profit before tax5635461,1051,1221,3631,5161,7031,9342,4032,6572,8663,1753,432
Tax %33%34%30%31%30%31%31%31%32%32%34%33%
Net Profit3753627747759581,0501,1691,3271,6231,8021,8952,1352,552
EPS in Rs3.623.487.627.569.3410.1711.3312.6616.4818.7819.7522.2626.60
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:: 16.33%

Compounded Profit Growth

  • 10 Years:: 19.32%
  • 5 Years:: 13.39%
  • 3 Years:: 9.68%
  • TTM:: 24.93%

Return on Equity

  • 10 Years:: 26.03%
  • 5 Years:: 17.25%
  • 3 Years:: 22.02%
  • 1 Year:: 26.76%

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 Capital96969696969696969696969696
Equity Capital95.9295.9295.9295.9295.9295.9295.9295.9295.9295.9295.9295.9295.92
Other Liabilities9991,0261,5311,8342,1652,5993,1023,0542,8183,2743,8324,3024,758
Trade Payables375.73358.51571.71931.891103.351250.41518.371365.761410.617122056.132217.522277.69
Total Liabilities2,0232,1953,1573,8824,8215,6766,7517,3248,77910,40811,64213,20514,196
Fixed Assets4296237071,0571,0092,1022,0121,9652,6292,6052,5694,6715,119
Gross Block937.891116.931194.391611.221659.512862.312981.093102.772863.13131.123401.035880.93
Accumulated Depreciation469.41466.82473.65543.78640.12752.52951.541123.78234.11526.44832.51210.39
Other Assets1,0601,2481,3652,2382,6673,0573,0293,3253,2614,6705,1045,3916,098
Trade receivables251.9311.02331.43355.56500.24633.88712.36729.55759.06994.631138.21244.951324.06
Cash Equivalents41.35128.2628.6509.01500.97551.57104.1261.84160.78205.94120.84167.52164.02
Loans n Advances228.2262.46241.68203.64221.14299.35446.64504.66589.11770.471087.44961.9252.65
Other Assets etc00097.78180.5291.09101.24226.62141.77505.19579.14431.81329.64
Total Assets2,0232,1953,1573,8824,8215,6766,7517,3248,77910,40811,64213,20514,196

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 Activity4573258487438811,0811,3711,1441,9801,4202,1362,184
Profit from operations584.59591.331055.641189.541407.771599.141838.812076.732576.652809.223081.493446.76
Working Capital Changes47.92-91.7185.76-92.64-127.76-114.7-23.85-343.98163.98-545.7540.34-348.78
Taxes paid-175.22-174.41-293.18-353.65-399.53-403.32-444.07-589.15-760.96-843.43-985.74-913.84
Cash from Investing Activity-332-214-242-410-592-440-618-292-863-584-1,371-815
Fixed Assets Purchased-258.28-238.35-349.81-144.3-740.67-585.49-163.01-336.28-686.72-611.48-1358.32-1067.26
Fixed Assets Sold1.577.68.962.940.474.834.81.4912.221.819.3715
Investments purchased-202.71-2.7-50.01-311.09-305.39-200.47-1016.09-242.54-282.33-70-153.39-325
Investments sold115.180.1118.330.45394.29305.22461.37245.6232.55223.84195.68485.14
Cash from Financing Activity-127-222-239-320-297-591-560-728-704-956-1,239-896
Proceeds from Borrowings5.074.063.573.65109.6810.251.4219.985.97.8900
Repayment of Borrowings-36.04-24.25-9.52-5.77-8.11-124.37-7.84-48.01-7.48-40.88-1.98-1.42
Interest Paid-8.28-10.4-14.57-16.12-31.38-31.44-24.98-26.69-19.76-22.58-20.16-25.79
Dividends Paid-87.27-191.02-218.28-301.3-367.25-445.09-528.25-672.95-748.66-913.58-1184.83-1022.47
Net Cash Flow-1-11136713-851194124413-120-474473

Ready to Invest?
Talk to our investment specialist
By submitting this form I authorize to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.


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

Announcements & News

Recent Announcements

How to Invest in Mutual Funds SIP Online?

  1. Open Free Investment Account for Lifetime at
  2. Complete your Registration and KYC Process
  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest! Get Started
  4. Invest in Mutual Funds which invests in Asian Paints Ltd & Get More Returns than Bank Deposit

All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.