Which are the top paint companies in India?

Top NSE-listed paint stocks in India based on market capitalisation include: Asian Paints Ltd Berger Paints India Ltd Kansai Nerolac Paints Ltd Indigo Paints Ltd Sirca Paints India Ltd Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

What is the market share of Asian Paints in India?

Asian Paints is the largest paint company in India, holding a significant paint industry market share in the decorative paints segment. As of 18th November, Asian Paints has a market capitalisation of ₹2,76,827.80 cr.

How has the Indian paint industry performed recently?

The Indian paint industry has shown steady growth in recent years, with strong performance among major paint sector stocks listed on the NSE.

What factors are driving growth in the Indian paint industry?

Growth drivers include urbanisation, infrastructure development, and higher demand for decorative paints, all contributing to a rise in paint stocks in India.

What are the recent stock performances of major paint companies?

As of November 2025, Asian Paints and Berger Paints have shown modest gains, trading around ₹2,887.90 and ₹578.10, respectively. These movements are reflected in the broader paints share price trends seen across the industry. Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Which paint companies are expected to perform well in the near future?

Industry analysts observe that companies with strong supply chains, quality control, and innovation capabilities may navigate the competitive landscape better. Asian Paints maintains market leadership through operational efficiency, while newer entrants like JSW Paints and Birla Opus are expanding aggressively with significant capital investments and dealer network growth. Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

List of Paint Stocks in India (2025)

India’s paint sector is worth over ₹80,000 cr in FY 2024–25 and continues to grow because of rising urbanisation, housing demand, and a shift toward premium products. Organised players control nearly 75% of the market. Investors show strong interest in paint sector stocks as construction and renovation activities expand.

List of Best Paint Sector Stocks in India (2025)

Paints Stock Screener

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	NameStocks (5)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	Asian Paints Ltd ASIANPAINT	PaintsPaints	2,83,470.752,83,470.75	2,957.202,957.20	77.3077.30	0.130.13	17.4917.49	31.4931.49	20.2420.24	14.1314.13	18.5818.58	23.9923.99	0.840.84	0.110.11	1.621.62
2.	Berger Paints India Ltd BERGEPAINT	PaintsPaints	64,841.2464,841.24	556.15556.15	54.9354.93	-0.39-0.39	3.683.68	-2.30-2.30	16.2816.28	10.5110.51	20.4320.43	24.1924.19	0.680.68	0.110.11	1.961.96
3.	Kansai Nerolac Paints Ltd KANSAINER	PaintsPaints	18,568.4918,568.49	229.66229.66	16.2516.25	-1.29-1.29	-6.19-6.19	-7.66-7.66	-17.49-17.49	2.902.90	19.0419.04	22.3122.31	1.631.63	0.050.05	1.791.79
4.	Indigo Paints Ltd INDIGOPNTS	PaintsPaints	6,197.846,197.84	1,300.001,300.00	43.7243.72	1.121.12	27.5127.51	20.9020.90	-9.88-9.88	6.016.01	14.6714.67	17.2517.25	0.270.27	0.030.03	2.612.61
5.	Sirca Paints India Ltd SIRCA	PaintsPaints	2,847.022,847.02	501.30501.30	58.0358.03	-0.81-0.81	-3.09-3.09	39.4439.44	46.1146.11	8.148.14	14.9114.91	16.7316.73	--	0.020.02	2.782.78

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Paints | Market Cap: Sorted from Highest to Lowest

How to Invest in Paint Stocks in India?

Investing in paint stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in paint stocks in India:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for “Paints” under “Material” Category: Go to Tickertape Stock Screener and set the “Sub-sector: Paints” filter
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top paint stocks in India.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of the Top Paint Stocks in India

Asian Paints Ltd

Asian Paints Ltd is India’s leading paint company and a major player in decorative and industrial coatings. People often choose Asian Paints when they want to refresh their walls or waterproof their homes. The company offers a wide range of products and vibrant colors that make it a household name. Its consistent quality sets standards that competitors try to match.

Berger Paints India Ltd

Berger Paints India Ltd ranks among the top paint brands in the country. The company builds its reputation on eco-friendly paints that serve both homeowners and industries. Its strong distribution network ensures that Berger products are available even in smaller towns. The company’s protective coatings are popular for many uses, from residential homes to industrial factories.

Kansai Nerolac Paints Ltd

Kansai Nerolac Paints Ltd holds a strong position in industrial coatings. The company specialises in durable and eco-conscious paints designed for automotive and powder coating markets. Customers who want stylish and long-lasting paints often choose Kansai Nerolac for their projects.

Indigo Paints Ltd

Indigo Paints Ltd is one of the fastest-growing paint companies in India. The company appeals to customers who want reliable and high-quality decorative paints at affordable prices. Its unique range includes metallic paints that give interiors a special look.

Sirca Paints India Ltd

Sirca Paints India Ltd offers a touch of luxury. With its Italian roots, the company has become a favorite among people who want premium finishes for wood and furniture. Those who prefer high-end decor and lasting beauty often choose Sirca coatings for a refined interior appearance.

What are Paint Stocks?

Paint stocks are shares of companies that manufacture, distribute, and sell paints, coatings, and related products. These products include decorative paints used in homes and industrial coatings used in infrastructure and automobiles. In India, major companies such as Asian Paints, Berger Paints, Kansai Nerolac, and Indigo Paints drive growth in housing and construction.

Advantages of Investing in Paint Stocks in India

Consistent Demand

Paints stay in demand across homes, offices, cars, and public spaces. This steady need helps companies maintain reliable cash flow year after year.

Urbanisation Growth

More people are moving to cities, and more buildings are coming up. Every new wall, apartment, or renovation adds to the demand for paint.

Infrastructure Development

Government spending on housing and roads keeps paint orders flowing. Big public projects often lift sales for paint makers and support the value of their stocks.

Market Leadership

Brands like Asian Paints and Berger Paints lead the market. Their strong names and wide dealer networks help them protect profits even when competition grows.

Product Innovation

Paint makers are adding premium and eco-friendly options to attract modern buyers. These upgrades also give them an edge in higher-margin segments.

Economic Resilience

The paint business has shown that it can handle weak phases in the economy better than many other sectors. That consistency adds to its appeal for investors.

Risks of Investing in Paint Stocks in India

Raw Material Price Volatility

Crude oil derivatives form the base of most paints. When oil prices rise, production gets costlier and margins narrow quickly.

High Competition

Many local and global brands fight for market share. Heavy competition often pushes companies to cut prices or spend more on advertising.

Economic Slowdowns

When housing or auto sales slow down, paint demand drops too. That can hurt quarterly revenue growth.

Regulatory and Environmental Norms

Stricter pollution and safety rules force companies to spend more on cleaner technology and compliance. These costs can weigh on profits.

Currency Fluctuations

Firms importing raw materials lose out when the rupee weakens. A fall in currency value directly raises their input costs.

Changing Consumer Preferences

People now look for low-odour, long-lasting, and sustainable paints. Keeping up with these shifts means more spending on research and marketing.

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Factors to Consider Before Investing in Paint Stocks

Market Position and Brand Strength

Large, trusted names such as Asian Paints and Berger Paints usually enjoy loyal customers and stable earnings.

Raw Material Costs

Crude oil prices drive input costs. Watching these trends helps predict how profits may move.

Economic Indicators

GDP growth, construction, and spending patterns reflect future paint demand. A slowdown in any of these areas can pull sales down.

Product Innovation and Sustainability

Companies introducing new, safer, and greener paints tend to hold stronger positions. Some paint stocks on the NSE still look undervalued in this space.

Regulatory Environment

Tight environmental rules add to running costs. Firms that adapt faster can manage these pressures better.

Financial Health

Review key numbers—revenue, margins, debt, and return on equity—to understand a company’s strength and long-term stability.

Conclusion

India’s paint stocks are set to grow with urbanisation, increasing housing demand, and higher disposable incomes. Investors should watch risks such as raw material price changes, rising competition, and shifts in the economic cycle. Studying fundamentals, margins, and valuations helps evaluate each company’s performance. Use the Tickertape Stock Screener to compare financial ratios, valuations, and growth metrics before making informed investment decisions.

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Frequently Asked Questions on Paint Stocks

Which are the top paint companies in India?
Top NSE-listed paint stocks in India based on market capitalisation include:
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
What is the market share of Asian Paints in India?
Asian Paints is the largest paint company in India, holding a significant paint industry market share in the decorative paints segment. As of 18th November, Asian Paints has a market capitalisation of ₹2,76,827.80 cr.
How has the Indian paint industry performed recently?
The Indian paint industry has shown steady growth in recent years, with strong performance among major paint sector stocks listed on the NSE.
What factors are driving growth in the Indian paint industry?
Growth drivers include urbanisation, infrastructure development, and higher demand for decorative paints, all contributing to a rise in paint stocks in India.
What are the recent stock performances of major paint companies?
As of November 2025, Asian Paints and Berger Paints have shown modest gains, trading around ₹2,887.90 and ₹578.10, respectively. These movements are reflected in the broader paints share price trends seen across the industry.

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Which paint companies are expected to perform well in the near future?
Industry analysts observe that companies with strong supply chains, quality control, and innovation capabilities may navigate the competitive landscape better. Asian Paints maintains market leadership through operational efficiency, while newer entrants like JSW Paints and Birla Opus are expanding aggressively with significant capital investments and dealer network growth.

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.