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Fincash » Search » Asian Paints Ltd

Asian Paints Ltd

Updated on March 19, 2019

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.

Below is the details of ASIANPAINT Asian Paints Ltd

Market Cap₹134,786 Cr.
Current Price ₹1,457.55 as on 25 Mar 19
52 Week High / Low Price₹1,488.6 / ₹1,082
Face Value₹1
Stock P/E62.79
Book Value₹84.29
Dividend Yield0.62 %
ROCE38.71 %
ROE25.47 %
Sales Growth (3yrs)8.44 %
SectorPaints/Varnish
IndustryPaints / Varnishes
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 27.89% Company has been maintaining a healthy dividend payout of 47.74%
Cons: Stock is trading at 16.67 times its book value The company has delivered a poor growth of 10.66% 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 62.19 ₹134,786.47 Cr. 0.62 ₹635.6 Cr. 14.60 24.26 5293.99 37.17
2. Asian Paints 62.79 ₹134,786.47 Cr. 0.62 ₹630.96 Cr. 19.28 26.44 4536.05 38.71
3. Berger Paints ₹313.5 60.16 ₹29,614.6 Cr. 0.59 ₹133.85 Cr. 2.65 20.77 1616.70 28.88
4. Kansai Nerolac ₹439.85 50.51 ₹24,262.17 Cr. 0.58 ₹112.7 Cr. -9.95 17.96 1350.66 25.14
5. Akzo Nobel ₹1,779 21.52 ₹8,136 Cr. 1.26 ₹60.38 Cr. -27.17 10.01 783.28 40.11
6. Yug Decor ₹460.1 34.12 ₹11.26 Cr. 0.00 Cr. 8.20
7. Hardcast.& Waud ₹19.03 Cr. 0.00 ₹0.09 Cr. 118.00 566.67 0.80 3.62
8. Shalimar Paints ₹70.45 ₹345.99 Cr. 0.00 -₹13.46 Cr. 5.08 13.07 74.92 -12.92

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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 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales3,0352,9843,1023,2413,3203,2033,6023,5873,7753,7063,9144,536
YOY Sales Growth %5.11%8.78%9.44%0.7%9.42%7.34%16.12%10.69%13.71%15.72%8.66%26.44%
Expenses2,4172,2542,4712,5702,6812,6062,8822,7692,9902,8813,1873,550
Material Cost %53.92%51.53%54.35%55.58%55.52%56.24%57.77%56.48%55.32%55.38%59.19%57.95%
Employee Cost %5.94%6.33%6.21%5.55%5.46%6.43%5.61%5.29%5.12%5.82%5.5%5.03%
Operating Profit618730631671639597720818785825727986
OPM %20%24%20%21%19%19%20%23%21%22%19%22%
Other Income607985528586646859697266
Interest1044564557579
Depreciation6174737574767778807983103
Profit before tax607731639644645603702803758810710940
Tax %34%31%32%34%32%34%33%34%35%33%32%33%
Net Profit401501435426441401473529492543481631
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales2,6763,2594,0704,8916,0447,5958,5399,93611,11011,83012,64714,16815,932
Sales Growth %21.05%21.81%24.89%20.16%23.59%25.66%12.42%16.36%11.82%6.48%6.9%12.02%%
Expenses2,2502,6993,5103,8764,8866,2436,9888,1669,1239,4159,97311,24212,609
Material Cost %50.75%49.58%53.53%47.99%50.41%53.29%51.44%50.64%57.96%55.66%45.05%48.05%%
Manufacturing Cost %14.02%13.42%13.35%12.73%12.74%11.63%11.91%11.96%2.95%2.79%11.88%10.78%%
Employee Cost %5.35%5.8%5.72%5.26%4.97%4.5%4.74%4.86%5.69%5.64%5.87%5.58%%
Other Cost %13.96%14.02%13.63%13.26%12.72%12.78%13.75%14.72%15.51%15.5%16.05%14.93%%
Operating Profit4265605611,0151,1581,3521,5511,7701,9872,4152,6742,9263,323
OPM %16%17%14%21%19%18%18%18%18%20%21%21%21%
Other Income43605816975141126174201249300275266
Interest12131619163134293127222427
Depreciation454457619499127212223235295311345
Profit before tax4125635461,1051,1221,3631,5161,7031,9342,4032,6572,8663,218
Tax %34%33%34%30%31%30%31%31%31%32%32%34%
Net Profit2723753627747759581,0501,1691,3271,6231,8021,8952,147
EPS in Rs2.653.623.487.627.569.3410.1711.3312.6616.4818.7819.75
Dividend Payout %46%43%46%33%40%40%42%43%44%44%55%44%

Compounded Sales Growth

  • 10 Years:: 15.83%
  • 5 Years:: 10.66%
  • 3 Years:: 8.44%
  • TTM:: 16.18%

Compounded Profit Growth

  • 10 Years:: 17.60%
  • 5 Years:: 13.02%
  • 3 Years:: 12.95%
  • TTM:: 16.41%

Return on Equity

  • 10 Years:: 32.72%
  • 5 Years:: 29.55%
  • 3 Years:: 27.89%
  • TTM:: 25.47%

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital96969696969696969696969696
Equity Capital95.9295.9295.9295.9295.9295.9295.9295.9295.9295.9295.9295.92
Reserves6488339991,4611,8792,3922,9263,5054,1345,8306,9997,7027,989
Borrowings1269575697416854484036391110
Other Liabilities6859991,0261,5311,8342,1652,5993,1023,0542,8183,2743,8324,350
Trade Payables267.35375.73358.51571.71931.891103.351250.41518.371365.761410.617122056.132425.36
Total Liabilities1,5552,0232,1953,1573,8824,8215,6766,7517,3248,77910,40811,64212,446
Fixed Assets3354296237071,0571,0092,1022,0121,9652,6292,6052,5693,574
Gross Block806.2937.891116.931194.391611.221659.512862.312981.093102.772863.13131.123401.03
Accumulated Depreciation430.92469.41466.82473.65543.78640.12752.52951.541123.78234.11526.44832.5
CWIP1211089381406035338140932201,3921,112
Investments3344232357045485424651,6711,8942,7972,9142,5772,212
Other Assets8741,0601,2481,3652,2382,6673,0573,0293,3253,2614,6705,1045,549
Inventories434.07538.97546.71763.141071.761264.421480.791665.051802.181610.122194.092178.432604.96
Trade receivables235.96251.9311.02331.43355.56500.24633.88712.36729.55759.06994.631138.21218.58
Cash Equivalents42.4941.35128.2628.6509.01500.97551.57104.1261.84160.78205.94120.84145.42
Loans n Advances161.41228.2262.46241.68203.64221.14299.35446.64504.66589.11770.471087.44222.47
Total Assets1,5552,0232,1953,1573,8824,8215,6766,7517,3248,77910,40811,64212,446

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity3124573258487438811,0811,3711,1441,9801,4202,136
Profit from operations447.99584.59591.331055.641189.541407.771599.141838.812076.732576.652809.223081.49
Working Capital Changes12.8547.92-91.7185.76-92.64-127.76-114.7-23.85-343.98163.98-545.7540.34
Taxes paid-148.59-175.22-174.41-293.18-353.65-399.53-403.32-444.07-589.15-760.96-843.43-985.74
Cash from Investing Activity-111-332-214-242-410-592-440-618-292-863-584-1,371
Fixed Assets Purchased-67.73-258.28-238.35-349.81-144.3-740.67-585.49-163.01-336.28-686.72-611.48-1358.32
Fixed Assets Sold2.091.577.68.962.940.474.834.81.4912.221.819.37
Investments purchased-116.33-202.71-2.7-50.01-311.09-305.39-200.47-1016.09-242.54-282.33-70-153.39
Investments sold56.86115.180.1118.330.45394.29305.22461.37245.6232.55223.84195.68
Cash from Financing Activity-187-127-222-239-320-297-591-560-728-704-956-1,239
Proceeds from Borrowings35.025.074.063.573.65109.6810.251.4219.985.97.890
Repayment of Borrowings-0.45-36.04-24.25-9.52-5.77-8.11-124.37-7.84-48.01-7.48-40.88-1.98
Interest Paid-6.91-8.28-10.4-14.57-16.12-31.38-31.44-24.98-26.69-19.76-22.58-20.16
Dividends Paid-214.88-87.27-191.02-218.28-301.3-367.25-445.09-528.25-672.95-748.66-913.58-1184.83
Net Cash Flow14-1-11136713-851194124413-120-474

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %53%61%51%74%62%58%53%50%49%47%41%39%
Debtor Days322828252124272624232929
Inventory Turnover6.836.707.507.476.596.506.226.326.416.936.656.48

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Disclaimer:
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.