Asian Paints Ltd.

NSE: ASIANPAINT · Paints

52W Range₹2,115 ₹2,986

Snapshot

Unlock Asian Paints Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Asian Paints Limited is a leading manufacturer and distributor of decorative and industrial paints, coatings, and home improvement products. The company operates through a diverse portfolio of brands and provides comprehensive home décor solutions, including modular kitchens, bath fittings, and furniture.

Business Model

The company generates revenue through the sale of paints, coatings, and home décor products via an extensive network of dealers, retail stores, and its proprietary online platform. It leverages a multi-brand strategy to cater to various market segments across India and international territories.

Growth Outlook

Growth is driven by the expansion of the home improvement segment and the strengthening of its decorative coatings market share. The company continues to invest in digital transformation and product innovation to maintain its leadership position.

Key Risks

  • Raw Material Price Volatility. Fluctuations in crude oil prices significantly impact the cost of key raw materials used in paint manufacturing.
  • Intense Market Competition. The company faces stiff competition from both established domestic players and multinational corporations in the paints and home décor sectors.
  • Economic Cyclicality. Demand for decorative paints and home improvement products is highly sensitive to real estate market trends and overall consumer spending power.
  • Supply Chain Disruptions. Reliance on a complex global supply chain for raw materials and distribution logistics poses risks to operational efficiency.

Price

Start your research today

Unlock AI insights, financials, peers and live data on Asian Paints Ltd. and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹35,584 Cr

TTM · consolidated

+4.9%YoY

NET PROFIT

₹4,395 Cr

TTM · consolidated

+18.5%YoY

EPS

₹45.13

TTM · consolidated

+18.0%YoY

RETURN ON EQUITY

22.1%

TTM · consolidated

+2.5 ppYoY

RETURN ON CAPITAL EMPLOYED

26.2%

TTM · consolidated

+2.2 ppYoY

P/E

59.3x

Q4 FY26 · consolidated

59.3 vs 65.1x5Y avg

EV/EBITDA

34.8x

Q4 FY26 · consolidated

34.8 vs 39.9x5Y avg

EBITDA MARGIN

20.9%

TTM · consolidated

+1.5 ppYoY

NET PROFIT MARGIN

12.8%

Q4 FY26 · consolidated

+4.4 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.07xYoY

Peers · Paints

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Asian Paints Ltd.ASIANPAINT
2,12,99959.2734.784.9%20.9%22.1%26.2%+11.0%
Grasim Industries Ltd.GRASIM
1,76,69041.9716.6419.8%14.7%10.4%4.4%+11.2%
Berger Paints India Ltd.BERGEPAINT
48,44751.5330.172.9%16.3%17.8%21.5%-11.8%
Kansai Nerolac Paints LimitedKANSAINER
13,06727.5614.402.9%13.9%8.9%12.1%-18.7%
Akzo Nobel India Ltd.AKZOINDIA
13,0146.8921.9716.8%80.5%89.6%
Indigo Paints LimitedINDIGOPNTS
3,50434.9818.854.8%19.1%13.9%17.5%-11.3%

As of Q4 FY26

Financials