Asian Paints

Asian Paints

ASIANPAINT

 ₹ 2,424.55
- ₹ 2.60
0.11%
Chemicals
 ₹ 0.00
(%)1D
Updated: 04 Dec 2024, 03:31:16 pm IST
Stock Score
Open Price
 ₹ 2,438.48
Prev. Close
 ₹ 2,427.15
 ₹ 2,417.89
Day Low
 ₹ 2,444.17
Day High

 ₹ 2,387.77
52 Week Low
 ₹ 3,398.91
52 Week High

Quick Bite

Price To Earnings Ratio

42.60

Sector PE

60.88

PB Ratio

12.45

Sector PB

7.81

EPS

56.92

Dividend Yield

1.17

Today's Volume

1.053 M

5 Day Avg. Volume

1.197 M

PEG Ratio

1.29

Market Cap.

₹ 2,40,000.00 Cr.

Returns Comparison

TimeASIANPAINTVSIndustry
1 Day-0.11%-0.85%
1 Week-0.98%-0.94%
1 Month-16.15%-11.07%
6 Months-9.56%6.42%
1 Year-20.41%-12.77%

StockGro Trade Views 👍

StockGro Trade Views 👍

Technical Trend

Bearish
academy home
Bearish
Neutral
Bullish

Pivot Levels

R3 ₹ 2,466.13
R2 ₹ 2,455.15
R1 ₹ 2,439.85
RESISTANCE
 ₹ 2,428.87
SUPPORT
S1 ₹ 2,413.57
S2 ₹ 2,402.59
S3 ₹ 2,387.29

Updated: 22 Jul 2024,09:18:33 am IST

Moving Averages

Strong Sell
Sell
Neutral
Buy
Strong Buy
Sell
6
Buy
0
Period (Days)SMAIndication
102470.25Bearish
202551.92Bearish
302691.57Bearish
502870.9Bearish
1002993.5Bearish
2002938.07Bearish

Updated: 04 Dec 2024, 03:30:00 pm IST

Analyst Rankings 👍

Analyst Rankings 👍

Shareholding Updates

PromotersPublicFIIDIIOthers
52.63%
Promoters
Sep 2024
Promoters  52.63%
FII  15.28%
DII  13.16%
Public  18.93%
Others  0%

Mutual Fund Ownership 👍

Mutual Fund Ownership 👍

Cash Flow

AnnualFY 2024FY 2023FY 2022
Operating Activities6103.604193.43986.49
Investing Activities-2517.63-1274.64-321.69
Financing Activities-2982.50-2140.05-1807.61
Net Cash Flow603.47778.74-1142.81

All Figures in ₹ Cr., unless mentioned otherwise

Ratios

Return on Equity (%)

Income Statement

All Figures in ₹ Cr., unless mentioned otherwise

Balance Sheet

All Figures in ₹ Cr., unless mentioned otherwise

Peer Comparison

Name1D (%)1W (%)1M (%)6M (%)1Y (%)
Asian Paints-0.11-0.98-16.15-9.56-20.41
Alkyl Amines Chemicals0.245.38-2.6622.492.08
Balaji Amines0.343.39-3.850.016.04
Dhanuka Agritech3.643.431.618.1761.42
Gujarat Alkalies & Chemicals-0.521.91-6.26-4.535.67
Returns as on 05 Dec, 2024

About Asian Paints

Asian Paints Limited is an India-based company, which is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing related services. The Company operates through the Paints and Home Decor segment. The Company manufactures paints, varnishes, enamels, and thinners. It also manufactures organic and inorganic chemical compounds; metal sanitary ware such as bath, sinks, washbasins and similar articles and cosmetics and toiletries. Its Home Decor business offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightnings, unplasticized polyvinyl chloride (uPVC) windows and doors, wall coverings, furniture, furnishing, and rugs. It offers a range of services, such as interior design service, safe painting service, wood solutions, waterproofing solutions, color consultancy online and contractor finder services.

Asian Paints Share Price

Asian Paints Limited Fundamental Analysis

This article attempts to study Asian Paints Limited, its business model, and industry fundamentals in order to evaluate if it can be a great investment for you.

Asian Paints Limited

Asian Paints Ltd is an Indian paint multinational corporation located in Mumbai. It was founded in 1942 by four friends and has now developed into the leading paints company in India.

Asian Paints manufactures various types of decorative and industrial paint as well as wall coverings, waterproofing, adhesives, and services among others. The corporation also offers bathroom & kitchen products in the Home Improvement and Decor business category.

In addition to its core business, Asian Paints has expanded into related sectors. It introduced lighting, furnishings, and furniture to its portfolio. Recently, the company acquired a 51% stake in Weatherseal Fenestration, which is engaged in the business of interior decoration/furnishing, including manufacturing uPVC windows and door systems.

Asian Paints also acquired a 49% stake in Obgenix Software, commonly known as White Teak, which is engaged in the business of decorative lighting products and fans. Asian Paints is ranked among the top ten Decorative coatings companies in the world with a consolidated turnover of ₹ 345 billion.

Is the Paint Sector a Goldmine Investment?

The Paint Sector in India is showing promising signs of growth. The Indian Paints and Coatings Market is projected to grow from USD 9.56 billion in 2024 to USD 15.00 billion by 2029, with an expected compound annual growth rate (CAGR) of 9.38% over the forecast period. This growth is driven by competition, decreasing prices of raw materials, and a steadily strengthening industrial environment.

The sector is divided into different segments such as architecture, automotive, joinery, transportation, and packaging. The market for paints can be split into decorative and industrial paints where decorative paints dominate.

Asian Paints Ltd., appears to be a good choice for investment considering the overall growth prospects of the Paint Sector in India. It is one of such leading organizations in this industry that has a strong market presence and diversified product portfolio.

Who are Asian Paints Limited competitors in the Paint Sector?

Asian Paints Limited faces competition from several companies in the Paint Sector. Here are some of the key competitors:

  • Berger Paints India Ltd.
  • Kansai Nerolac Paints Ltd.
  • Akzo Nobel India
  • Indigo Paints
  • Shalimar Paints Limited
  • Sirca Paints

History of Asian Paints Limited

Asian Paints Limited, one of the largest paint companies in India and Asia, has a rich history that dates back to 1942. Here's a brief overview:

  • Incorporation: Asian Paints Limited was established in 1942 as a partnership firm by four friends who were willing to take on the world’s biggest, most famous paint companies operating in India at that time. Within 25 years, Asian Paints emerged as a corporate powerhouse and India's leading paints company.
  • Product Range: Asian Paints manufactures a wide range of paints for decorative and industrial use. In decorative paints, it offers interior paints, exterior paints, wood paints, and metal paints. The company also offers waterproofing, wall coverings, and adhesives under its portfolio.
  • Infrastructure: Asian Paints, along with its subsidiaries, has 26 manufacturing facilities across 16 countries serving customers globally in over 65 countries. It has an industrial paints plant in Taloja, Maharashtra, a phthalic plant in Ankleshwar, and a pentaerythritol plant in Cuddalore, Tamil Nadu.
  • Certifications: Asian Paints has received ISO 9001:2015 certification, which is a testament to its commitment to quality management principles including a strong customer focus, involvement of high-level company management, a process approach, and continual improvement.
  • Awards and Recognition: Asian Paints has been recognized for its excellence and innovation in the paint industry. It has been included in the Forbes list of World’s Best Regarded Companies and ranked as the 8th Most Valuable Brand in India. It has also received the Golden Peacock Award for Occupational Health & Safety.

Company Profile of Asian Paints Limited

Pros:

  • Strong Financial Performance: Asian Paints reported a net sales increase of 3.0% to ₹35,382.1 crores and a net profit increase of 33.0% to ₹5460.2 crores for the financial year 2023-24.
  • Market Leadership: The company holds a significant market share in the Indian paint industry, indicating a strong brand and customer loyalty.
  • Diverse Revenue Streams: Asian Paints has a broad product portfolio and has ventured into home decor, contributing to its revenue.
  • Operational Efficiency: The company has shown an improvement in PBDIT Margin by 400 basis points, reflecting better operational efficiency.

Cons:

  • High Price-to-Earnings (PE) Ratio: Asian Paints currently has a very high PE ratio of 50.61, which may indicate that the stock is relatively expensive compared to its earnings potential.
  • Earnings Growth Below Market Rate: The forecasted earnings growth rate of 5.2% per year is lower than the expected market growth rate of 16.4% per year, suggesting that other investment options might offer better returns.
  • Macroeconomic Headwinds: While the company’s international business has seen steady growth in certain markets, it remains constrained by macroeconomic challenges in South Asia and Egypt.

The Finances

Here’s a summary of Asian Paints Limited’s financial information as of June 2024:

Metric

Value

Market cap

Rs. 2,74,887 Cr.

Book value

Rs. 195 (Per share)

Dividend Yield

1.15 %

ROCE

37.5 %

ROE

31.4 %

Face Value

Rs. 1.00

Shareholding pattern of Asian Paints Limited

Here’s a concise summary of Asian Paints Limited’s shareholding pattern as of June 2024 :

Peer Multiple Comparison

Let us compare Asian Paints Ltd with its peers that have full data available. See the table below:

Metric

Berger Paints India Ltd.

Kansai Nerolac Paints Ltd.

Indigo Paints

Shalimar Paints Limited

P/E Ratio

45.92

18.38

42.94

-16.66

P/B Ratio

9.95

3.89

6.97

3.13

Dividend Yield (Avg.)

0.00

1.39

0.00

0.00

Asian Paints FAQs

How to Buy Asian Paints Share?

up
To purchase Asian Paints shares, you can open a Demat & Trading account through a broker or financial institution. Once your account is set up and funded, search for Asian Paints (ticker symbol: ASIANPAINT) on the trading platform provided by your broker and purchase the shares.

What's Asian Paints share price today?

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The stock price of Asian Paints as of 04 Dec 2024 is ₹2,424.55

What is the Market Cap of Asian Paints?

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Market capitalisation represents the total market value of a company's outstanding shares. As of 04 Dec 2024, Asian Paints (ticker symbol: ASIANPAINT) has a market capitalisation of approximately ₹24,00,00,00,00,000.00

What is the PE and PB ratio of Asian Paints?

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Asian Paints Ltd's price-to-book ratio as of 04 Dec 2024 is 12.45, reflecting the market's valuation compared to its asset value. As of 04 Dec 2024, the trailing twelve months P/E (price-to-earnings) ratio is 42.6, indicating the market values the company at around ₹42.60 for every ₹1 of earnings

What is the 52 Week High and Low of Asian Paints Share?

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Asian Paints Ltd (ASIANPAINT) hit its 52-week high at ₹3,398.91, and its 52-week low at ₹2,387.77.
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