Asian Paints
Market cap ₹2.21 L Cr
- P/E
- 46.44
- Day range
- ₹2,260.00 – ₹2,307.00
- 52-week range
- ₹2,115.00 – ₹2,985.70
- Volume
- 8.36 L
- Open
- ₹2,280.00
- Prev close
- ₹2,284.80
Latest results · Q1 FY27(consolidated)Revenue ₹10,542 Cr+17.9%Profit ₹1,559 Cr+39.6%Margin 14.8%YoY vs the same quarter last year
1 red flag to read up on
- medium
Promoter pledge went up
10.37% of promoter shares pledged, up from 9.54% · 30 Sept 2026
From NSE and BSE filings. A flag is a reason to read the filing, not a rating.
ASIANPAINT in NSE indices and F&O
F&O margin for one lot of ASIANPAINT (250 shares)Research profile
Composite 56 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.2%
- Graham no.
- ₹508.31
- vs Graham
- -78.0%
- ROE ÷ P/B
- 2.1%
- 12-1 mom.
- +5.6%
- Return / vol
- -0.02
- Magic Formula
- #272
- Piotroski
- 4/6
- FCF yield
- 2.5%
- PEG
- 0.67
Appears in 13 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 90 in Consumer| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Titan CompanyTITAN | ₹3.82 L Cr | 66.27 | 24.29 | 37.1% | 21.0% | 14.0% | 1.95 | +29.3% |
| Asian PaintsASIANPAINT | ₹2.21 L Cr | 46.44 | 10.25 | 21.6% | 26.0% | 21.0% | 0.18 | +17.9% |
| Avenue SupermartsDMART | ₹2.06 L Cr | 66.03 | 7.92 | 12.9% | 17.0% | 7.0% | 0.16 | +17.8% |
| TrentTRENT | ₹1.45 L Cr | 80.41 | 20.82 | 27.7% | 28.0% | 19.0% | 0.37 | +17.9% |
| The Indian Hotels CompanyINDHOTEL | ₹1.11 L Cr | 50.34 | 8.16 | 18.6% | 17.0% | 28.0% | 0.25 | +21.7% |
| LG Electronics IndiaLGEINDIA | ₹1.09 L Cr | 59.90 | 14.26 | 24.7% | 32.0% | 12.0% | 0.06 | +15.5% |
| Lenskart SolutionsLENSKART | ₹1.09 L Cr | 169.31 | 12.45 | 6.8% | 8.0% | 22.0% | 0.35 | +43.3% |
| MeeshoMEESHO | ₹99,474 Cr | 162.15 | 22.37 | -46.6% | -40.0% | -6.0% | 0.01 | +48.3% |
| Sector median | ₹10,032 Cr | 37.97 | 4.95 | 13.0% | 15.0% | 12.5% | 0.27 | +17.9% |
Sector as classified in the tracked universe; medians use every tracked Consumer company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 2d agoHeadlines about Asian Paints from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 45.4
- EPS (TTM)
- ₹49.68
- Price / Book
- 10.35
- ROE (FY26)
- 21.6%
- ROCE (latest year)
- 26%
- Dividend yield
- 1.19%
Moving averages (NSE)
- 20-day
- ₹2,363.49
- Price below
- 50-day
- ₹2,483.13
- Price below
- 200-day
- ₹2,534.29
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
- Others
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,479 | 9,103 | 8,731 | 8,970 | 8,028 | 8,549 | 8,359 | 8,939 | 8,531 | 8,867 | 9,247 | 10,542 |
| Expenses | 6,762 | 7,047 | 7,039 | 7,276 | 6,788 | 6,913 | 6,923 | 7,314 | 7,028 | 7,086 | 7,460 | 8,373 |
| Operating Profit | 1,716 | 2,056 | 1,691 | 1,694 | 1,240 | 1,637 | 1,436 | 1,625 | 1,503 | 1,781 | 1,787 | 2,169 |
| OPM % | 20% | 23% | 19% | 19% | 15% | 19% | 17% | 18% | 18% | 20% | 19% | 21% |
| Other Income | 194 | 186 | 212 | 193 | 25 | 193 | -60 | 229 | 237 | 69 | 197 | 279 |
| Interest | 51 | 54 | 54 | 55 | 63 | 56 | 53 | 44 | 44 | 48 | 59 | 48 |
| Depreciation | 209 | 220 | 226 | 228 | 242 | 256 | 301 | 301 | 305 | 313 | 310 | 304 |
| Profit before tax | 1,651 | 1,968 | 1,624 | 1,604 | 959 | 1,518 | 1,022 | 1,509 | 1,392 | 1,489 | 1,614 | 2,096 |
| Tax % | 25% | 25% | 21% | 26% | 28% | 26% | 31% | 26% | 27% | 28% | 27% | 26% |
| Net Profit | 1,232 | 1,475 | 1,275 | 1,187 | 694 | 1,128 | 701 | 1,117 | 1,018 | 1,074 | 1,185 | 1,559 |
| EPS in Rs | ₹12.57 | ₹15.09 | ₹13.10 | ₹12.20 | ₹7.24 | ₹11.58 | ₹7.22 | ₹11.47 | ₹10.36 | ₹11.05 | ₹12.22 | ₹16.05 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+2 days since Mar 2021
-16 days since Mar 2021
-40 days since Mar 2021
+25 days since Mar 2021
+1 days since Mar 2021
Strengths, risks & growth
Asian Paints is the largest home decor company in India. The 80+yr old company has major brands like Asian Paints, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows.
Strengths
- Company has been maintaining a healthy dividend payout of 61.4%
Risks
- Stock is trading at 10.4 times its book value
- The company has delivered a poor sales growth of 10.4% over past five years.
Compounded Sales Growth
- 10 Years
- +10%
- 5 Years
- +10%
- 3 Years
- +1%
- TTM
- +10%
Compounded Profit Growth
- 10 Years
- +10%
- 5 Years
- +7%
- 3 Years
- +2%
- TTM
- +27%
Stock Price CAGR
- 10 Years
- +8%
- 5 Years
- -6%
- 3 Years
- -8%
- 1 Year
- -8%
Return on Equity
- 10 Years
- +25%
- 5 Years
- +25%
- 3 Years
- +24%
- Last Year
- +22%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 52.63% | 52.63% | 52.63% | 52.65% | +0.02 pp |
| FII | 12.78% | 12.11% | 13.32% | 13.76% | +0.44 pp |
| DII | 21.08% | 21.74% | 20.70% | 20.50% | -0.20 pp |
| Government | 0.07% | 0.07% | 0.07% | 0.00% | -0.07 pp |
| Public | 13.37% | 13.39% | 13.19% | 13.03% | -0.16 pp |
| Others | 0.06% | 0.06% | 0.09% | 0.08% | -0.01 pp |
Filed with NSE for Sept 2026: promoters 52.65%, public 47.28% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 9.94% (-0.16 pp)- Promoters52.7%
- Foreign institutions13.8%
- Mutual funds9.9%
- Insurance9.5%
- Other domestic institutions1.0%
- Retail10.5%
- Others2.6%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| SBI Large Cap Fund | 0.80% | 3.39% | -0.15 pp |
| SBI Aggressive Hybrid Fund | 0.59% | 1.53% | -0.16 pp |
| ICICI Pru Large Cap Fund | 0.50% | 1.47% | -0.44 pp |
| SBI Large & Midcap Fund | 0.43% | 2.28% | -0.20 pp |
| ICICI Pru Value Fund | 0.32% | 1.27% | -0.07 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 23.8%
- Downside volatility
- 23.0%
- Worst 5% of days
- 2.6%
- Average of that tail
- 3.3%
- Max drawdown (1Y)
- 28.5%
- Below its peak
- 22.3%
Against the market
- Beta vs Nifty 50
- 0.99
- Correlation
- 0.55
- Relative strength (3M)
- -8.2%
- ATR (14)
- 2.1%
Return
- Return 1M
- -5.8%
- Return 3M
- -13.6%
- Return 6M
- -10.0%
- Return 1Y
- -0.5%
- vs 200-day average
- -9.0%
Momentum
- RSI (14)
- 37.2
- MACD histogram
- 1.03
- Stochastic %K
- 28.6
- ADX (14)
- 43.4
- +DI / −DI
- 9.2 / 24.8
- Money flow index
- 34.5
Participation
- Delivery (20d avg)
- 58.5%
- vs its 60-day baseline
- +1.6 pts
- Volume vs 20-day
- +0.8σ
- Close vs day's VWAP
- +1.1%
- 52-week position
- 22 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
4 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — failed
- Current ratio improving — passed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — failed
- Free cash flow
- ₹5,601 Cr
- FCF yield
- 2.5%
- Cash conversion
- 1.61
- Accruals ratio
- -0.078
- Net debt
- ₹3,256 Cr
- Net debt / equity
- 0.15
- EV / sales
- 6.03
- PEG
- 0.67
- Capex intensity
- 4.2%
- Revenue CAGR
- 10.6%
- Profit CAGR
- 69.2%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Model simulation
30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.
Lower edge (10th percentile)
₹2,314.45
+0.3%
Upper edge (90th percentile)
₹2,408.88
+4.4%
The marker is the last close, ₹2,307. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹2,360.43 (+2.3%), which is the centre of the simulation and not an expected or target price.
The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.
Insider trades
| Person | Type | Shares | Value | Disclosed |
|---|---|---|---|---|
Mr. Sanjay Rishi Immediate relative · Inter-se-Transfer | Buy | 1,515 | ₹49.6 L | 22 Sept 2021 |
Mr. Sanjay Rishi jointly with Mr. Vikram Kalia Immediate relative · Inter-se-Transfer | Sell | 1,515 | ₹49.6 L | 22 Sept 2021 |
Asian Paints Employees Stock Ownership Trust Other · Market Purchase | Buy | 56,235 | ₹19.0 Cr | 21 Sept 2021 |
Asian Paints Employees Stock Ownership Trust Other · Market Purchase | Buy | 54,535 | ₹18.1 Cr | 21 Sept 2021 |
Asian Paints Employees Stock Ownership Trust Other · Market Purchase | Buy | 56,235 | ₹19.0 Cr | 17 Sept 2021 |
Asian Paints Employees Stock Ownership Trust Other · Market Purchase | Buy | 56,235 | ₹18.9 Cr | 17 Sept 2021 |
Sudhanva Investments and Trading Company Private Limited Promoter Group · Pledge Creation | Pledge | 3,20,000 | ₹95.6 Cr | 6 Aug 2021 |
Thulaseedharan Nair Employees/Designated Employees · Market Purchase | Buy | 400 | ₹12.1 L | 4 Aug 2021 |
Mr. Satyen Ashwin Gandhi Promoter Group · Revokation of Pledge | Pledge released | 1,70,000 | ₹52.2 Cr | 22 Jun 2021 |
Geetanjali Trading and Investments Pvt. ltd Promoter Group · Revokation of Pledge | Pledge released | 12,46,300 | ₹380 Cr | 22 Jun 2021 |
Smiti Holding and Trading Company Private Limited Promoter Group · Pledge Creation | Pledge | 23,46,000 | ₹709 Cr | 22 Jun 2021 |
Geetanjali Trading and Investments Pvt. ltd Promoter Group · Pledge Creation | Pledge | 10,00,000 | ₹302 Cr | 19 Jun 2021 |
Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.
Corporate actions
- dividend₹23.00
Dividend - Rs 23 Per Share
23 Jun 2026ex-date - dividend₹4.50
Interim Dividend - Rs 4.50 Per Share
18 Nov 2025ex-date - dividend₹20.55
Dividend - Rs 20.55 Per Share
10 Jun 2025ex-date - dividend₹4.25
Interim Dividend - Rs 4.25 Per Share
19 Nov 2024ex-date - dividend₹28.15
Dividend - Rs 28.15 Per Share
11 Jun 2024ex-date - dividend₹5.15
Interim Dividend - Rs 5.15 Per Share
3 Nov 2023ex-date - dividend₹21.25
Dividend - Rs 21.25 Per Share
9 Jun 2023ex-date - dividend₹4.40
Interim Dividend - Rs 4.40 Per Share
31 Oct 2022ex-date - dividend₹15.50
Dividend - Rs 15.50 Per Share
9 Jun 2022ex-date - dividend₹3.65
Interim Dividend - Rs 3.65 Per Share
28 Oct 2021ex-date - dividend₹14.50
Dividend - Rs 14.50 Per Sh
10 Jun 2021ex-date - dividend₹3.35
Interim Dividend - Rs 3.35 Per Share
28 Oct 2020ex-date - dividend₹1.50
Annual General Meeting/Dividend - Rs 1.50 Per Share
23 Jul 2020ex-date - dividend₹7.15
Interim Dividend - Rs 7.15 Per Share
3 Mar 2020ex-date - dividend₹3.35
Interim Dividend - Rs 3.35 Per Sh
30 Oct 2019ex-date - dividendNot available — not reported in this filing
Dividend Rs -7.65 Per Share
13 Jun 2019ex-date - dividend₹2.85
Interim Dividend - Rs 2.85 Per Sh
29 Oct 2018ex-date - dividend₹6.05
Dividend- Rs 6.05 Per Share
14 Jun 2018ex-date - dividend₹2.65
Interim Dividend - Rs 2.65 Per Share (Purpose Revised)
31 Oct 2017ex-date - dividend₹5.65
Annual General Meeting/Dividend Rs 5.65 Per Share + Special Dividend Rs 2/- Per Share
15 Jun 2017ex-date
Company announcements
Please find enclosed herewith the Certificate received from MUFG Intime India Private Limited, Company's Registrar and Share Transfer Agent for the quarter ended 30th September 2026 certifying ....
Please find enclosed newspaper advertisement published on 8th October 2026 informing about the resolution proposed to be passed through Postal Ballot and details relating to e-Voting facility.
Please find enclosed the Postal Ballot Notice dated 7th September 2026 together with the Explanatory Statement being sent to the members of the Company seeking their approval for appointment ....
Please find enclosed the communication with respect to the Investor Conference to be held on 29th October 2026, on the business and financial performance of the Company for the quarter ....
This is to inform you that the meeting of Board of Directors of the Company will be held on Thursday, 29th October 2026, inter alia, to consider declaration of interim dividend, if any, ....
This is to inform you that a meeting of the Board of Directors of the Company will be held on Thursday, 29th October 2026, inter alia, to consider the declaration of interim dividend, if ....
Asian Paints Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve 1. audited standalone financial ....
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Smiti Holding and Trading Company Pvt Ltd
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Smiti Holding and Trading Company Pvt Ltd
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 18, 2026 for Smiti Holding and ....
Find enclosed the intimation with respect to ESG rating received by the Company from Niche Ninety Nine Capability and Certifications (OPC) Private Limited
Find enclosed intimation under Regulation 30 of the SEBI (LODR)Regulations, 2015 with respect to the commencement of commercial production at the Company's VAE manufacturing facility at ....
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on September 11, 2026 for Smiti Holding and ....
Find enclosed communication with respect to credit ratings reaffirmed by Crisil Ratings Limited
This is to inform you that the trading window for trading in the securities of the Company will be closed from Friday, 18th September 2026 until two trading days from the date of declaration ....
Filed with BSE (scrip 500820); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Regulatory orders
- Adjudication order
Adjudication Order in respect of Neeraj Agarwal in the matter of circulation of UPSI through WhatsApp messages with respect to Asian Paints Limited [SAT Appeal No.: 343/2020]
15 Jun 2020Read on SEBI - Adjudication order
Adjudication order in the matter of circulation of UPSI through WhatsApp messages with respect to Shruti Vora in the scrip of Asian Paints Limited [SAT Appeal No.: 312/2020; MA 350/2020]
29 May 2020Read on SEBI
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptSlidesRecording
- Jun 2026TranscriptSlidesRecording
- Feb 2026TranscriptSlidesRecording
- Nov 2025TranscriptSlidesRecording
- Aug 2025TranscriptSlidesRecording
- May 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 10 Sep from crisil
- Rating update · 24 Jun from fitch
- Rating update · 12 May from crisil
- Rating update · 11 May from crisil
- Rating update · 10 Sep 2025 from crisil
- Rating update · 10 Sep 2024 from crisil
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 30 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Asian Paints: common questions
Answered from the figures on this page.
