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Asian Paints Ltd

ASIANPAINT

Asian Paints Ltd

ASIANPAINT
MaterialsPaints
LargecapWith a market cap of ₹2,37,264 cr, stock is ranked 35
Low RiskStock is 1.50x as volatile as Nifty
2,457.750.69% (-17.10)
2,457.750.69% (-17.10)

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MaterialsPaints
LargecapWith a market cap of ₹2,37,264 cr, stock is ranked 35
Low RiskStock is 1.50x as volatile as Nifty

How to use scorecard? Learn more

MaterialsPaints
LargecapWith a market cap of ₹2,37,264 cr, stock is ranked 35
Low RiskStock is 1.50x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
51.9312.221.35%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
29.773.381.37%

Forecast & Ratings

Detailed Forecast 
37%
Analysts have suggested that investors can buy this stock

from 27 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Asian Paints Limited is a paint company. The Company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services.

Investor Presentation

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Nov 11, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.23%, vs industry avg of 12.54%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 62.7% to 62.82%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 20.42%, vs industry avg of 20.29%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue16,497.7317,626.9317,160.9619,513.9020,566.3022,044.4429,512.8634,968.9236,315.6935,627.61
Raw Materialssubtract6,569.837,452.608,128.179,974.409,981.9910,425.5517,123.2518,985.5317,410.8428,330.52
Power & Fuel Costsubtract114.48106.02110.30119.6397.7986.05117.23138.29133.25
Employee Costsubtract989.511,033.621,115.481,236.831,366.091,540.751,786.672,028.072,326.18
Selling & Administrative Expensessubtract3,917.774,370.312,261.332,372.732,316.692,252.552,949.923,509.183,820.60
Operating & Other expensessubtract1,967.711,332.722,005.261,771.602,291.872,552.292,436.303,616.554,218.88
Depreciation/Amortizationsubtract275.58334.79360.47622.14780.50791.27816.36858.02853.00915.65
Interest & Other Itemssubtract49.0037.3341.47110.47102.3391.6395.41144.45205.17226.91
Taxes & Other Itemssubtract868.691,020.111,099.551,150.18923.871,165.061,157.151,582.381,887.541,585.47
EPS18.1920.2221.2622.4828.2032.7331.5942.8156.9247.63
DPS7.5010.308.7010.5012.0017.8519.1525.6533.3033.30
Payout ratio0.410.510.410.470.430.550.610.600.580.70

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Jun 27PDF
Jun 6PDF
May 10PDF
Jan 20PDF
FY 2023

Annual report

PDF

Investor Presentation

May 11PDF
Jan 19PDF
Oct 20PDF
Jul 26PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 25PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 11PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsPaints

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Asian Paints Ltd43.4512.221.35%
Berger Paints India Ltd49.5310.730.71%
Kansai Nerolac Paints Ltd18.223.861.40%
Indigo Paints Ltd48.477.920.23%

Price Comparison

Compare ASIANPAINT with any stock or ETF
Compare ASIANPAINT with any stock or ETF
ASIANPAINT
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding52.63%4.86%8.30%15.28%18.93%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep17.47%17.65%17.32%15.89%15.27%15.28%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.06%

Top 5 Mutual Funds holding Asian Paints Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Mirae Asset Large Cap Fund - Growth - Direct Plan

Growth
0.2745%1.66%0.67%14/89 (+7)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
0.2413%0.94%0.04%119/232 (+42)
UTI Flexi Cap Fund - Growth - Direct Plan

Growth
0.1713%1.47%-0.10%46/70 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

Events

Dividend Trend

Increasing Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ASIANPAINT has increased dividends consistently over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.35%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹13.46 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

Cash Dividend

Ex DateEx DateNov 19, 2024

Interim
Interim | Div/Share: ₹4.25

Dividend/Share

₹4.25

Ex DateEx Date

Nov 19, 2024

Past Dividends

Cash Dividend

Ex DateEx DateJun 11, 2024

Final
Final | Div/Share: ₹28.15

Dividend/Share

₹28.15

Ex DateEx Date

Jun 11, 2024

Cash Dividend

Ex DateEx DateNov 3, 2023

Interim
Interim | Div/Share: ₹5.15

Dividend/Share

₹5.15

Ex DateEx Date

Nov 3, 2023

Cash Dividend

Ex DateEx DateJun 9, 2023

Final
Final | Div/Share: ₹21.25

Dividend/Share

₹21.25

Ex DateEx Date

Jun 9, 2023

Cash Dividend

Ex DateEx DateOct 31, 2022

Interim
Interim | Div/Share: ₹4.40

Dividend/Share

₹4.40

Ex DateEx Date

Oct 31, 2022

Cash Dividend

Ex DateEx DateJun 9, 2022

Final
Final | Div/Share: ₹15.50

Dividend/Share

₹15.50

Ex DateEx Date

Jun 9, 2022

News & Opinions
Live Market Update
Sensex, Nifty trade in positive terrain; European mrkt opens higher

The domestic equity benchmarks traded in positive territory with decent gains in afternoon trade. The Nifty hovers above the 24,200 level. IT, PSU Bank and Bank shares adavcned while media, metal and pharma shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 239.79 points or 0.30% to 79,727.73. The Nifty 50 index added 63.15 points or 0.26% to 24,211.35. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.45% and the S&P BSE Small-Cap index fell 0.59%. The market breadth was weak. On the BSE, 1,688 shares rose and 2,311 shares fell. A total of 131 shares were unchanged. Economy: India's forex reserves declined by USD 2.675 billion to USD 682.13 billion for the week ended November 1, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by USD 3.463 billion to USD 684.805 billion. For the week ended November 1, foreign currency assets, a major component of the reserves, decreased by $3.902 billion to $589.849 billion, the data released on Friday showed. Gold reserves increased by $1.224 billion to $69.751 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $1 million to $18.219 billion, the apex bank said. India's reserve position with the IMF was up by $4 million to $4.311 billion in the reporting week, the data showed. Gainers & Losers: Trent (up 4.80%), Power Gird Corporation of India (up 4.54%), Tata Motors (up 1.88%), Maruti Suzuki India (up 1.74%) and Tech Mahindra (up 1.74%) were major Nifty gainers. Asian Paints (down 8.39%), Britannia Industries (down 3.97%), Apollo Hospitals Enterprise (down 3.62%), Cipla (down 2.69%) and Mahindra & Mahindra (M&M)(down 1.68%) were major Nifty losers. Asian Paints tumbled 8.39% after the company reported 42.37% decline in consolidated net profit to Rs 694.64 crore in Q2 FY25 as against Rs 1,205.42 crore reported in Q2 FY24. Revenue from operations stood at Rs 8,003.02 crore in Q2 FY25, down 5.31% from Rs 8,451.93 crore recorded in the corresponding quarter previous year. Stocks in Spotlight: Power Finance Corporation (PFC) surged 6.92% after the company's consolidated net profit rose 8.85% to Rs 7,214.90 crore on 14.96% increase in total revenue from operations to Rs 25,721.79 crore in Q2 FY25 over Q2 FY24. Fortis Healthcare rose 0.51% after the company reported a 4.99% gain in consolidated net profit to Rs 193.08 crore on 12.34% jump in revenue from operations to Rs 1,988.39 crore in Q2 FY25 over Q2 FY24. Samhi Hotels jumped 2.41% after the company reported consolidated net profit of Rs 126 crore in Q2 FY25 as compared with net loss of Rs 880 crore in Q2 FY24. C.E. Info Systems (MapMyIndia) tumbled 7.62% after the company reported 8.20% decline in consolidated net profit to Rs 30.33 crore in Q2 FY25 as against Rs 33.04 crore posted in Q2 FY24. Revenue from operations jumped 13.82% year on year (YoY) to Rs 103.67 crore in Q2 FY25. GE Vernova T&D India hit an upper circuit of 5% after the company's standalone net profit surged 289.08% to Rs 144.62 crore on 58.76% jump in revenue from operations to Rs 1,107.77 crore in Q2 FY25 over Q2 FY24. ITI jumped 11.54% on emerges as the lowest bidder for three packages of BharatNet phase-3 project for a total value of Rs 4,559 crore. Shipping Corporation of India (SCI) rallied 12.10% after the company's consolidated net profit surged 343.39% to Rs 291.44 crore on 32.71% increase in revenue from operations to Rs 1450.76 crore in Q2 FY25 over Q2 FY24. Global Market: European market traded higher after investors digested US election results. Most Asian stocks declined after China's latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected, prompting concerns over the recovery in the world's second-largest economy. Meanwhile, Bitcoin surged past $81,000, driven by the incoming president's support for digital assets and the election of pro-crypto lawmakers. Oil prices declined further, extending losses from the previous session, as weak demand from China continued to dampen market sentiment. In the US, the S&P 500 reached a new record high, driven by optimism surrounding the potential economic benefits of a second term for the incumbent US president. The S&P 500 rose 0.38% to 5,995.54 points on Friday. The Dow Jones Industrial Average rose 0.59% to 43,988.99 points, while the NASDAQ Composite rose 0.09% to 19,286.78 points. Tesla's stock surged over 8%, boosting its market valuation above $1 trillion, while Airbnb shares fell more than 8% following a mixed quarterly earnings report. The University of Michigan's Consumer Sentiment reading climbed to 73 in November, up from 70.5 last month, reflePowered by Capital Market - Live

2 days agoCapital Market - Live
Spotlight
Asian Paints slumps after Q2 PAT drops 42% YoY to Rs 695 cr

Revenue from operations stood at Rs 8,003.02 crore in Q2 FY25, down 5.31% from Rs 8,451.93 crore recorded in the corresponding quarter previous year. PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) decreased by 27.8% to Rs 1,239.5 crore in Q2 FY25 from Rs 1,716.2 crore recorded in Q2 FY24. The PBDIT margin as a percentage of net sales decreased to 15.5%, compared to 20.3% in the same period of the previous year. Profit before exceptional items and tax decreased by 30.99% to Rs 1,139.18 crore in Q2 FY25 as compared to Rs 1,650.94 crore reported in Q2 FY24. The firm reported exceptional items of Rs 180.14 crore during the quarter. This amount includes an impairment provision of Rs 124 crore on 'Goodwill on Consolidation' related to White Teak, as well as a foreign exchange loss of Rs 56.1 crore associated with the company's subsidiary in Ethiopia. International business sales decreased marginally to Rs 769.5 crore in Q2 FY25, compared to Rs 775 crore recorded in Q2 FY24. The decline was primarily attributed to macroeconomic challenges and currency devaluation in Ethiopia, Egypt and Bangladesh. However, in constant currency terms, sales grew by 8.7%. The company reported pre-tax loss of of Rs 21.5 crore in Q2 FY25 as against profit before tax of Rs 40.4 crore in the corresponding period of previous year. During the period under review, Bath Fittings business sales were at Rs 83.1 crore (up 2.1% YoY) while Kitchen business sales stood at Rs 105.3 crore (up 8.8% YoY). Sales at White Teak increased by 19.2% YoY to Rs 31.1 crore in Q2 FY25. Similarly, sales at Weatherseal grew by 4.8% YoY to Rs 13.2 crore in the same quarter. Industrial business (Asian Paints PPG) sales grew by 6% YoY to Rs 265.5 crore in Q2 FY25 from Rs 250.6 crore recoreded in Q2 FY24. Additionally, PPGAP sales increased by 5.9% YoY to Rs 524.4 crore in Q2 FY25 from Rs 495.3 crore posted in Q2 FY25. Amit Syngle, managing director & CEO of Asian Paints, said, 'The paint industry faced a subdued demand environment during the quarter. Domestic Decorative coatings segment volumes declined marginally while overall domestic coatings revenue declined by 5.5% for the quarter impacted by muted consumer sentiments and extended rains and floods in some parts of the country. Operating margins were impacted by the price reductions taken last year, higher material prices and increased sales expenses. While we took price increases during the quarter, full impact of the same should flow through only in the second half of the year. The Industrial Business did relatively better with single digit value growth supported by growth in the general industrial, protective coatings and refinish segments. We continued to register growth in our Home D'cor categories across our Beautiful Homes Stores network, introducing new collections & product solutions. International Business portfolio registered a marginal decline in revenues for the quarter (8.7% growth in constant currency terms) despite unfavorable market conditions in certain key markets like Ethiopia and Bangladesh. On the margin front, soft demand conditions, product mix and material price inflation affected margins in Q2. We expect margins to recover in the coming quarters on the back of anticipated softening in material prices coupled with price increases implemented in the last few months. While demand conditions remain challenging, we continue to direct our efforts towards leveraging our brand strength, robust supply chain and distribution network to pursue growth' Asian Paints is India's leading paint company and ranked among the top eight decorative coatings companies in the world. Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home d'cor, bath fittings and providing related services. Powered by Capital Market - Live

2 days agoCapital Market - Live
Corporate
Board of Asian Paints recommends interim dividend

Asian Paints announced that the Board of Directors of the Company at its meeting held on 9 November 2024, inter alia, have recommended the interim dividend of Rs 4.25 per equity Share (i.e. 425%) , subject to the approval of the shareholders.Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Asian Paints revises board meeting date

Asian Paints has revised the meeting of the Board of Directors which was scheduled to be held on 23 October 2024. The meeting will now be held on 9 November 2024.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Asian Paints to hold board meeting

Asian Paints will hold a meeting of the Board of Directors of the Company on 9 November 2024.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Asian Paints fixes record date for interim dividend

Asian Paints has fixed 19 November 2024 as record date for interim dividend, if declared. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Asian Paints announces board meeting date

Asian Paints will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Asian Paints fixes record date for interim dividend

Asian Paints has fixed 31 October 2024 as record date for payment of interim dividend. Powered by Capital Market - Live

2 months agoCapital Market - Live
Marico To Asian Paints: These Indian Companies Will Likely Get Impacted By Bangladesh Crisis
3 months agoNDTV Profit

Asian Paints Stocks Live Updates: Asian Paints Shows Resilience with 0.66% Daily Gain and 6.45% 3-Month Returns - The Economic Times

3 months agoEconomic Times