



Consumer Durables | Large Cap
Asian Paints Ltd. demonstrates a mixed financial performance. The company shows strong solvency and profitability, driven by high return on capital employed and return on assets. Its financial ratios are supported by a solid book value and dividend per share. However, it struggles with liquidity, efficiency, and growth, particularly in revenue and earnings. The company maintains a high interest coverage ratio, indicating a good ability to meet its interest obligations, balanced against a low equity dividend coverage ratio. While there are zero values for almost all ratios, the weighted average calculation considers past performance to provide a more balanced assessment. Overall, Asian Paints exhibits financial stability and profitability but needs to address areas of liquidity, efficiency, and growth to ensure sustained long-term success.
Asian Paints Ltd. demonstrates a mixed financial performance. The company shows strong solvency and profitability, driven by high return on capital employed and return on assets. Its financial ratios are supported by a solid book value and dividend per share. However, it struggles with liquidity, efficiency, and growth, particularly in revenue and earnings. The company maintains a high interest coverage ratio, indicating a good ability to meet its interest obligations, balanced against a low equity dividend coverage ratio. While there are zero values for almost all ratios, the weighted average calculation considers past performance to provide a more balanced assessment. Overall, Asian Paints exhibits financial stability and profitability but needs to address areas of liquidity, efficiency, and growth to ensure sustained long-term success.
Overall Valuation Score
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P/E RATIO (TTM)
59.36
Industry Median
32.93
Large Cap Median
58.25
P/E RATIO
58.25
P/B RATIO
11.78
Industry Median
3.07
Large Cap Median
11.78
P/S RATIO
6.85
Industry Median
2.75
Large Cap Median
6.85
Others
PEG RATIO
8.95
EV/EBITDA RATIO
33.09
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹2626.5 as on Aug 26, 2026.
Asian Paints' growth ratios reveal a mixed performance. While asset growth has been robust, the company faces challenges in revenue, operating profit, and EPS growth. The decline in profitability growth could impact investor confidence. Addressing these areas is crucial to sustain long-term growth and maintain competitiveness.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 34.03 | 18.51 | 2.92 | -4.48 | 4.95 |
| Operating Profit Growth Rate | -1.07 | 30.31 | 21.17 | -20.82 | 11.49 |
| Earnings Per Share (EPS) Growth | -3.48 | 35.52 | 32.96 | -32.84 | 17.94 |
| Asset Growth Rate | 12.79 | 12.29 | 15.99 | 1.52 | 13.77 |
| Net Income Growth Rate | -3.8 | 35.98 | 32.49 | -33.25 | 18.46 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | ASIANPAINT | 4.51 | 58.25 | Overvalued | 6696.00 | 44.25 | 4395.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Concall Report⬤2nd Feb 26
Q3 and 9M FY2026 Earnings Conference Call
NEUTRAL SENTIMENT
Concall Report⬤12th Nov 25
Q2 and H1 FY2026 Earnings Conference Call Transcript
NEUTRAL SENTIMENT
No Stock News Available at This Moment.
Asian Paints Ltd is India's largest and Asia's third-largest paint company, primarily engaged in the manufacturing, selling, and distribution of paints, coatings, waterproofing solutions, and related home décor products. It holds a dominant market position in the Indian decorative paints segment, catering to a wide range of consumer and industrial needs.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Asian Paints Ltd's P/E ratio (TTM) is 59.36, compared to the industry median of 32.93 and large cap median of 58.25.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Asian Paints Ltd's P/B ratio is 11.78, compared to the industry median of 3.07 and large cap median of 11.78.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Asian Paints Ltd's P/S ratio is 6.85, compared to the industry median of 2.75 and large cap median of 6.85.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Asian Paints Ltd's PEG ratio is 8.95.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Asian Paints Ltd's EV/EBITDA ratio is 33.09.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Asian Paints Ltd's ROE is 20.56%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Asian Paints Ltd's ROA is 19.39%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Asian Paints Ltd's ROCE is 26%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Asian Paints Ltd's operating margin is 18.82%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Asian Paints Ltd's net margin is 12.35%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Asian Paints Ltd's current ratio is 1.55.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Asian Paints Ltd's debt-to-equity ratio is 0.14.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Asian Paints Ltd's interest coverage ratio is 31.78.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Asian Paints Ltd's DPS is ₹27.50.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Asian Paints Ltd's EPS is 17.94.
(Source line: "Ratios as of 26 Aug 2026, based on last traded price of ₹2626.50. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1942 (as Asian Oil & Paint Company)
Headquarters: Mumbai, Maharashtra
Core Offerings: Decorative Paints, Industrial Coatings, Waterproofing Solutions, Home Decor Solutions (Kitchens & Bath), Adhesives
Stock Listing: NSE (ASIANPAINT), BSE (500820)
Promoter: Vakil, Ambani, and Choksey families
Asian Paints was founded in 1942 by four friends – Champaklal Choksey, Chimanlal Choksi, Suryakant Dani, and Arvind Vakil. By the 1960s, it had become India's leading paint manufacturer. The company embarked on international expansion in the 1970s and focused on automation and technology adoption in the 1990s. The 2000s saw diversification into home improvement solutions like kitchens and baths. Today, Asian Paints maintains its market leadership in paints and is expanding its footprint in home décor and related services.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Paints & Allied Products (India) | ~85% | Typically highest margin |
| Paints & Allied Products (International) | ~12% | Varies by region, generally lower than India |
| Home Improvement Business | ~3% | Growth phase, expanding |
Paints & Allied Products (India): Dominant segment, encompassing decorative paints (interior/exterior wall finishes, enamels, wood finishes), and a range of industrial coatings, protective coatings, and construction chemicals for the Indian market.
Paints & Allied Products (International): Operations across 15 countries in Asia, Africa, and the Middle East, manufacturing and selling decorative and industrial paints tailored to local market needs and preferences.
Home Improvement Business: Includes solutions for modular kitchens (Sleek), bath fittings (Ess Ess), lighting, and uPVC windows (Weatherseal Fenestration), aiming to provide comprehensive home décor offerings.
Amit Syngle - Managing Director & CEO: Joined Asian Paints in 1990, held various roles across sales, marketing, and manufacturing, including COO and President (Decorative Business), before being appointed MD & CEO in 2020. He has been instrumental in driving the company's strategic growth and market leadership.
Berger International Limited
Sleek International Pvt. Ltd.
Ess Ess Bathroom Products Pvt. Ltd.
Weatherseal Fenestration Pvt. Ltd.
Forsta Aplicaciones SL
The company routinely declares dividends. No major recent M&A or significant bonus/rights issues are on record.
The Asian Paints Ltd share price today is ₹2626.50 on NSE (ASIANPAINT), as of 26 Aug 2026.
As of 26 Aug 2026, Asian Paints Ltd share price is ₹2626.50, with previous close ₹2626.50. Today's range is ₹2626.50 to ₹2626.50. The 52-week range is ₹2626.50 to ₹2626.50.
As of today, Asian Paints Ltd's market cap is ₹2,43,923.06 crore (Large Cap).
Asian Paints Ltd's current P/E ratio is 59.36, compared to the CONSUMER DURABLES sector average of 58.
Asian Paints Ltd's current P/B ratio is 11.78.
Asian Paints Ltd's current dividend yield is 1.05%. Last dividend of ₹28.15 per share was declared on 09-May-2024.
Asian Paints Ltd's EPS (TTM) is ₹17.94.
Asian Paints Ltd is India's largest and Asia's third-largest paint company, primarily engaged in the manufacturing, selling, and distribution of paints, coatings, waterproofing solutions, and related home décor products. It holds a dominant market position in the Indian decorative paints segment, catering to a wide range of consumer and industrial needs.
Asian Paints Ltd is promoted by Vakil, Ambani, and Choksey families, holding 52.63% as of 26 Aug 2026.
Asian Paints Ltd is listed on NSE (ASIANPAINT) and BSE (500820). Its next quarterly results are expected on July 2024.