Asian Paints Ltd
ASIANPAINTAsian Paints Ltd
ASIANPAINTPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
51.93 | 12.22 | 1.35% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
29.77 | 3.38 | 1.37% |
Forecast & Ratings
Detailed Forecast from 27 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 16,497.73 | 17,626.93 | 17,160.96 | 19,513.90 | 20,566.30 | 22,044.44 | 29,512.86 | 34,968.92 | 36,315.69 | 35,627.61 | ||||||||||
Raw Materials | 6,569.83 | 7,452.60 | 8,128.17 | 9,974.40 | 9,981.99 | 10,425.55 | 17,123.25 | 18,985.53 | 17,410.84 | 28,330.52 | ||||||||||
Power & Fuel Cost | 114.48 | 106.02 | 110.30 | 119.63 | 97.79 | 86.05 | 117.23 | 138.29 | 133.25 | |||||||||||
Employee Cost | 989.51 | 1,033.62 | 1,115.48 | 1,236.83 | 1,366.09 | 1,540.75 | 1,786.67 | 2,028.07 | 2,326.18 | |||||||||||
Selling & Administrative Expenses | 3,917.77 | 4,370.31 | 2,261.33 | 2,372.73 | 2,316.69 | 2,252.55 | 2,949.92 | 3,509.18 | 3,820.60 | |||||||||||
Operating & Other expenses | 1,967.71 | 1,332.72 | 2,005.26 | 1,771.60 | 2,291.87 | 2,552.29 | 2,436.30 | 3,616.55 | 4,218.88 | |||||||||||
EBITDA | 2,938.43 | 3,331.66 | 3,540.42 | 4,038.71 | 4,511.87 | 5,187.25 | 5,099.49 | 6,691.30 | 8,405.94 | 7,297.09 | ||||||||||
Depreciation/Amortization | 275.58 | 334.79 | 360.47 | 622.14 | 780.50 | 791.27 | 816.36 | 858.02 | 853.00 | 915.65 | ||||||||||
PBIT | 2,662.85 | 2,996.87 | 3,179.95 | 3,416.57 | 3,731.37 | 4,395.98 | 4,283.13 | 5,833.28 | 7,552.94 | 6,381.44 | ||||||||||
Interest & Other Items | 49.00 | 37.33 | 41.47 | 110.47 | 102.33 | 91.63 | 95.41 | 144.45 | 205.17 | 226.91 | ||||||||||
PBT | 2,613.85 | 2,959.54 | 3,138.48 | 3,306.10 | 3,629.04 | 4,304.35 | 4,187.72 | 5,688.83 | 7,347.77 | 6,154.53 | ||||||||||
Taxes & Other Items | 868.69 | 1,020.11 | 1,099.55 | 1,150.18 | 923.87 | 1,165.06 | 1,157.15 | 1,582.38 | 1,887.54 | 1,585.47 | ||||||||||
Net Income | 1,745.16 | 1,939.43 | 2,038.93 | 2,155.92 | 2,705.17 | 3,139.29 | 3,030.57 | 4,106.45 | 5,460.23 | 4,569.06 | ||||||||||
EPS | 18.19 | 20.22 | 21.26 | 22.48 | 28.20 | 32.73 | 31.59 | 42.81 | 56.92 | 47.63 | ||||||||||
DPS | 7.50 | 10.30 | 8.70 | 10.50 | 12.00 | 17.85 | 19.15 | 25.65 | 33.30 | 33.30 | ||||||||||
Payout ratio | 0.41 | 0.51 | 0.41 | 0.47 | 0.43 | 0.55 | 0.61 | 0.60 | 0.58 | 0.70 |
Company Updates
Peers & Comparison
MaterialsPaints
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Asian Paints Ltd | 43.45 | 12.22 | 1.35% |
Berger Paints India Ltd | 49.53 | 10.73 | 0.71% |
Kansai Nerolac Paints Ltd | 18.22 | 3.86 | 1.40% |
Indigo Paints Ltd | 48.47 | 7.92 | 0.23% |
Price Comparison
Compare ASIANPAINT with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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Mirae Asset Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2745% | Percentage of the fund’s portfolio invested in the stock 1.66% | Change in the portfolio weight of the stock over the last 3 months 0.67% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 14/89 (+7) |
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2413% | Percentage of the fund’s portfolio invested in the stock 0.94% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 119/232 (+42) |
UTI Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1713% | Percentage of the fund’s portfolio invested in the stock 1.47% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 46/70 (-1) |
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Events
Dividend Trend
Increasing Dividends
ASIANPAINT has increased dividends consistently over the last 5 years
Dividend Yield
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
Dividend/Share
₹4.25
Ex DateEx Date
Nov 19, 2024
Past Dividends
Cash Dividend
Ex DateEx DateJun 11, 2024
Dividend/Share
₹28.15
Ex DateEx Date
Jun 11, 2024
Cash Dividend
Ex DateEx DateNov 3, 2023
Dividend/Share
₹5.15
Ex DateEx Date
Nov 3, 2023
Cash Dividend
Ex DateEx DateJun 9, 2023
Dividend/Share
₹21.25
Ex DateEx Date
Jun 9, 2023
Cash Dividend
Ex DateEx DateOct 31, 2022
Dividend/Share
₹4.40
Ex DateEx Date
Oct 31, 2022
Cash Dividend
Ex DateEx DateJun 9, 2022
Dividend/Share
₹15.50
Ex DateEx Date
Jun 9, 2022
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
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
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
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
Asian Paints will hold a meeting of the Board of Directors of the Company on 9 November 2024.Powered by Capital Market - Live
Asian Paints has fixed 19 November 2024 as record date for interim dividend, if declared. Powered by Capital Market - Live
Asian Paints will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live
Asian Paints has fixed 31 October 2024 as record date for payment of interim dividend. Powered by Capital Market - Live
Asian Paints Stocks Live Updates: Asian Paints Shows Resilience with 0.66% Daily Gain and 6.45% 3-Month Returns - The Economic Times
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.23%, vs industry avg of 12.54%
Increasing Market Share
Over the last 5 years, market share increased from 62.7% to 62.82%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 20.42%, vs industry avg of 20.29%