Avsar.

Consumer Discretionary · Paints

Asian Paints Ltd (ASIANPAINT)

₹2,320.00

Mkt cap
₹2.23L Cr
P/E ratio
45.00
P/B
10.22
Div yield
1.19%
ROE
21.80%
ROCE
26.30%
EPS (TTM)
₹51.56
Book value
₹227
52W range
2,115–2,986
Sector
Consumer Discretionary

Price history

Previous close

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.

NSE ASIANPAINTBSE 500820
Health check
Cautious
ValuationExpensive
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−22.30% from high
₹2,320
₹2,115+9.69% from low₹2,986
Current
₹2,320.00
Prev close
₹2,302.00
Day
+0.78%
Price performance
1D
+0.78%
1W
+0.56%
1M
−3.93%
3M
−15.52%
6M
−5.20%
1Y
−7.29%
YTD
−16.32%

Financials

Revenue, profit & margin
P/E ratio
45.0×
ASIANPAINT is 43% above the sector median of 31.4×
ASIANPAINT45.0×
Sector median31.4×
 Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Trend
Sales8,4799,1038,7318,9708,0288,5498,3598,9398,5318,8679,24710,5429,977
Expenses6,7627,0477,0397,2766,7886,9136,9237,3147,0287,0867,4608,3738,419
Operating Profit1,7162,0561,6911,6941,2401,6371,4361,6251,5031,7811,7872,1691,557
OPM %20%23%19%19%15%19%17%18%18%20%19%21%16%
Other Income19418621219325193-6022923769197279290
Interest51545455635653444448594855
Depreciation209220226228242256301301305313310304314
Profit before tax1,6511,9681,6241,6049591,5181,0221,5091,3921,4891,6142,0961,478
Tax %25%25%21%26%28%26%31%26%27%28%27%26%27%
Net Profit1,2321,4751,2751,1876941,1287011,1171,0181,0741,1851,5591,085
EPS in Rs12.5715.0913.1012.207.2411.587.2211.4710.3611.0512.2216.0511.13
Raw PDF

Earnings

Results dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move −0.29% · closed higher next day 28 of last 67
 Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26†Q1FY27Q2FY27
Broadcast17 Jan '24◦9 May '24◦17 Jul '24◦9 Nov '24◦4 Feb '25◦8 May '25◦29 Jul '25◦12 Nov '25◦28 Jan '2629 May '26◦29 Jul '26◦29 Oct '26
Earnings day−2.42%+2.26%−1.44%−8.17%−3.36%−0.13%+0.60%+3.96%−4.23%−1.47%−0.44%+0.76%
+1 day−2.36%+6.24%−0.95%−10.64%−3.86%+2.34%−0.22%+4.93%−7.88%−0.41%−0.40%+1.55%
+5 days−9.04%+3.68%−2.46%−10.32%−5.36%+2.21%+3.74%+3.25%−6.49%−0.46%−0.12%—
+15 days−8.96%+6.31%+1.04%−11.19%−5.98%−1.89%+6.87%+6.77%−7.27%+0.09%−4.83%—
+30 days−12.66%+6.86%+5.12%−18.31%−2.29%−0.73%+6.03%−0.84%−15.31%−1.15%−9.44%—
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRL

Corporate actions

Last 6 months
KindValueEx-dateRecord
dividend
Interim Dividend - Rs 5.75 Per Share
5.754 Nov '264 Nov '26
dividend
Dividend - Rs 23 Per Share
23.0023 Jun '2623 Jun '26

Results analysis

Shareholding

as of Sep 2026
52.65%Promoter
Promoters52.65%0.02
FIIs13.76%0.44
DIIs20.50%0.20
Public13.03%0.16
Government0.00%0.07
Ownership trend

Peers

7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Asian Paints₹2,320.0044.952,22,5341.19%1,085+7.45%9,977+16.94%26.34%
Berger Paints₹465.1044.1554,2310.86%405+18.22%3,584+11.97%21.55%
Kansai Nerolac₹176.2822.1114,2591.42%228+4.83%2,374+9.79%11.99%
JSW Dulux₹264.4031.3612,0411.89%80−12.42%965−3.02%22.73%
Indigo Paints₹997.3030.944,7600.50%14−45.91%340+14.06%17.94%
Sirca Paints₹405.4534.342,3030.49%16+14.07%130+13.80%20.28%
Shalimar Paints₹79.50—6660.00%−33−130.20%116−13.56%−7.93%
Median: 9 Co.₹264.4031.364,7600.86%16+4.83%340+11.97%20.28%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2012
Concall transcripts73
PPTOct 2026RECOct 2026TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptJun 2026PPTJun 2026RECJun 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024
Credit ratings6
Rating update 10 SepcrisilRating update 24 JunfitchRating update 12 MaycrisilRating update 11 MaycrisilRating update 10 Sep 2025crisilRating update 10 Sep 2024crisil
Announcements5
Audio Recording Of The Investor Conference Call 29 Oct - Investor conference audio for Q2 and half-year ended 30 September 2026 uploaded; transcript to follow.Announcement under Regulation 30 (LODR)-Investor Presentation 29 Oct - Find enclosed the investor presentation on the performance of the Company for the quarter and half year ended 30th September 2026Announcement under Regulation 30 (LODR)-Dividend Updates 29 Oct - Asian Paints approved Q2 FY27 results, Rs 5.75 interim dividend, and began VAE commercial production at Dahej.Announcement under Regulation 30 (LODR)-Date of payment of Dividend 29 Oct - Q2 FY27 results, Rs 5.75 interim dividend, and VAE facility began commercial production on 17 Sept 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Oct - Asian Paints approved Q2 FY27 results, Rs 5.75 interim dividend, and VAE production started 17 Sept 2026.