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Asian Paints Limited (ASIANPAINT.NS)

INR2,673.80 +7.90 (+0.30%)
IN NSE Basic Materials Chemicals - Specialty
Address Asian Paints House 400055
Mumbai, IN
CEO Amit Syngle
IPO 2002-07-01
ISIN INE021A01026

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ASIANPAINT.BO (INR) National Stock Exchange of India · ASIANPAINT.NS (INR)
Description

Asian Paints Limited, along with its subsidiaries, specializes in the production, sale, and distribution of a diverse range of paints and coatings. These offerings cater to both decorative and industrial applications, serving markets across India and internationally, and are structured into two primary business segments: Paints and Home Improvement. Its extensive product portfolio includes decorative finishes for interior and exterior walls, specialized metal and wood treatments, and general paints. Beyond traditional coatings, they also offer wall coverings, textured finishes, waterproofing solutions, and wall stickers. The company provides painting aids like mechanized tools and adhesives. Further diversifying into home improvement, Asian Paints offers modular kitchens, wardrobes, a wide selection of bath fittings and sanitaryware, and a variety of home décor products. Their offerings also extend to sanitizers, surface disinfectants, furniture, furnishings, and lighting, alongside specialized products such as enamels and thinners. Marketed under a portfolio of well-known brands including Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans, and Kadisco Asian Paints, their products reach consumers through an extensive network of dealers and retail outlets. The company also facilitates direct online purchases via its e-commerce platform, asianpaints.com. Founded in 1942, Asian Paints Limited is headquartered in Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,673.80 +7.90 (+0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.30
Float Shares
442.80M
Free Float %
46.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.60% +0.60% +9.96% +13.12% -6.48% -2.94% +18.59% -15.81% -9.72% +172.93% +21,987.10%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,673.80
DCF (Unlevered) 3,803.56 +42.3%
DCF (Levered) 6,994.40 +161.6%
Ratings Trend (MoM) 42% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 11 +1
Hold 8 0
Sell 6 0
Strong Sell 7 -1
Quality scores
Altman Z-Score
14.25
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth
    -4.5% Q1'26: +10.0% (vs Q1'25)
  • EPS growth
    -32.8% Q1'26: +69.3% (vs Q1'25)
  • FCF margin
    +8.2% Q1'26: +30.1% (vs Q1'25)
  • EBIT margin
    +14.7% Q1'26: +18.1% (vs Q1'25)
  • ROIC
    +19.0% Q1'26: +29.3% (vs Q1'25)
  • Share dilution
    0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA
    0.41× Q1'26: 0.50× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.28) × ERP
WACC = 99% × Ke + 2% × Kd (5.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,803.10 Current price: 2,673.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 1996
actual
Mar 1997
actual
Mar 1998
actual
Mar 1999
actual
Mar 2000
actual
Mar 2001
actual
Mar 2002
actual
Mar 2003
actual
Mar 2004
actual
Mar 2005
actual
Mar 2006
actual
Mar 2007
actual
Mar 2008
actual
Mar 2009
actual
Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
31 Rev. Ana.
25 EPS Ana.
Mar 2027
20 Rev. Ana.
22 EPS Ana.
Mar 2028
29 Rev. Ana.
22 EPS Ana.
Mar 2029
7 Rev. Ana.
4 EPS Ana.
Mar 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
8.06B
est.
9.17B
est.
9.45B
est.
9.86B
est.
11.02B
est.
12.30B
est.
13.31B
est.
14.90B
est.
22.18B
est: 18.33B (+21.0%)
25.61B
est: 22.88B (+11.9%)
30.21B
est: 26.32B (+14.8%)
36.70B
est: 34.49B (+6.4%)
44.04B
est: 43.42B (+1.4%)
54.63B
est: 53.33B (+2.4%)
66.81B
est: 62.43B (+7.0%)
77.06B
est: 78.42B (-1.7%)
96.32B
est: 95.62B (+0.7%)
109.34B
est: 113.55B (-3.7%)
126.44B
est: 127.50B (-0.8%)
140.68B
est: 144.00B (-2.3%)
141.24B
est: 154.99B (-8.9%)
149.12B
est: 166.00B (-10.2%)
166.47B
est: 171.47B (-2.9%)
190.84B
est: 194.84B (-2.1%)
200.69B
est: 206.34B (-2.7%)
215.04B
est: 208.64B (+3.1%)
289.82B
est: 289.68B (+0.0%)
344.30B
est: 343.52B (+0.2%)
354.38B
est: 352.25B (+0.6%)
338.59B
est: 341.87B (-1.0%)
352.22B
349.09B – 357.80B
+3.0% YoY
388.74B
372.79B – 417.34B
+10.4% YoY
420.09B
397.52B – 457.13B
+8.1% YoY
469.79B
469.56B – 470.02B
+11.8% YoY
516.15B
491.57B – 558.04B
+9.9% YoY
EBITDA
1.48B
est.
1.07B
est.
1.10B
est.
987.66M
est.
1.15B
est.
1.68B
est.
1.81B
est.
2.19B
est.
3.27B
est: 3.22B (+1.8%)
3.68B
est: 3.54B (+3.7%)
4.11B
est: 3.90B (+5.3%)
5.07B
est: 4.94B (+2.8%)
7.25B
est: 5.87B (+23.7%)
6.95B
est: 8.01B (-13.3%)
13.69B
est: 7.53B (+81.9%)
13.96B
est: 16.30B (-14.3%)
16.11B
est: 16.57B (-2.8%)
17.43B
est: 18.34B (-4.9%)
20.12B
est: 20.27B (-0.7%)
22.28B
est: 24.19B (-7.9%)
27.47B
est: 26.01B (+5.6%)
29.63B
est: 31.78B (-6.8%)
31.68B
est: 37.57B (-15.7%)
35.48B
est: 41.04B (-13.6%)
39.21B
est: 42.29B (-7.3%)
46.13B
est: 42.84B (+7.7%)
45.39B
est: 51.36B (-11.6%)
60.20B
est: 58.80B (+2.4%)
72.33B
est: 89.55B (-19.2%)
56.04B
est: 89.22B (-37.2%)
89.54B
88.74B – 90.96B
+0.4% YoY
98.82B
94.77B – 106.09B
+10.4% YoY
106.79B
101.05B – 116.21B
+8.1% YoY
119.43B
119.37B – 119.48B
+11.8% YoY
131.21B
124.96B – 141.86B
+9.9% YoY
EBIT
1.33B
est.
1.21B
est.
1.24B
est.
1.11B
est.
1.16B
est.
1.68B
est.
1.76B
est.
2.03B
est.
2.57B
est: 2.86B (-10.3%)
2.99B
est: 2.67B (+12.0%)
3.55B
est: 3.08B (+15.2%)
4.46B
est: 4.01B (+11.2%)
6.66B
est: 5.24B (+27.2%)
6.20B
est: 7.27B (-14.7%)
12.85B
est: 7.21B (+78.3%)
12.83B
est: 14.37B (-10.7%)
14.90B
est: 14.63B (+1.8%)
16.01B
est: 16.55B (-3.3%)
17.82B
est: 17.68B (+0.8%)
19.79B
est: 20.06B (-1.3%)
24.94B
est: 20.83B (+19.7%)
26.52B
est: 25.90B (+2.4%)
28.37B
est: 28.91B (-1.9%)
31.49B
est: 32.04B (-1.7%)
33.83B
est: 33.54B (+0.8%)
40.64B
est: 31.00B (+31.1%)
39.87B
est: 37.17B (+7.3%)
54.63B
est: 42.55B (+28.4%)
67.42B
est: 72.03B (-6.4%)
49.80B
est: 71.77B (-30.6%)
72.02B
71.38B – 73.16B
+0.4% YoY
79.49B
76.23B – 85.34B
+10.4% YoY
85.90B
81.29B – 93.48B
+8.1% YoY
96.06B
96.02B – 96.11B
+11.8% YoY
105.54B
100.52B – 114.11B
+9.9% YoY
Net Income
542.00M
est.
763.90M
est.
786.27M
est.
704.72M
est.
875.48M
est.
1.09B
est.
1.17B
est.
1.20B
est.
1.48B
est: 1.72B (-14.3%)
1.81B
est: 1.72B (+5.4%)
2.10B
est: 2.01B (+4.5%)
2.83B
est: 2.63B (+7.6%)
4.28B
est: 3.50B (+22.4%)
4.19B
est: 5.05B (-16.9%)
8.84B
est: 4.68B (+88.7%)
8.43B
est: 10.50B (-19.7%)
10.21B
est: 10.28B (-0.7%)
11.14B
est: 11.74B (-5.1%)
12.19B
est: 12.61B (-3.4%)
13.95B
est: 13.94B (+0.1%)
17.45B
est: 14.95B (+16.7%)
19.39B
est: 18.52B (+4.7%)
20.39B
est: 21.15B (-3.6%)
21.56B
est: 23.03B (-6.4%)
27.05B
est: 22.96B (+17.8%)
31.39B
est: 24.80B (+26.6%)
30.31B
est: 29.73B (+1.9%)
41.06B
est: 34.03B (+20.7%)
54.60B
est: 50.80B (+7.5%)
36.67B
est: 43.02B (-14.8%)
43.25B
41.78B – 46.57B
+0.5% YoY
51.46B
43.97B – 55.56B
+19.0% YoY
54.72B
47.46B – 64.23B
+6.3% YoY
64.80B
50.68B – 70.15B
+18.4% YoY
— – —
-100.0% YoY
SGA
876.83M
est.
1.77B
est.
1.82B
est.
1.63B
est.
2.05B
est.
2.38B
est.
2.79B
est.
3.12B
est.
1.81B
est: 5.45B (-66.8%)
2.28B
est: 6.80B (-66.4%)
2.58B
est: 7.33B (-64.9%)
3.01B
est: 8.95B (-66.4%)
4.16B
est: 10.77B (-61.4%)
5.41B
est: 12.89B (-58.0%)
12.59B
est: 15.03B (-16.2%)
est: 19.52B (-100.0%)
14.39B
est: 21.51B (-33.1%)
23.71B
est: 25.47B (-6.9%)
28.74B
est: 29.15B (-1.4%)
18.19B
est: 35.73B (-49.1%)
17.32B
est: 39.51B (-56.2%)
18.71B
est: 33.64B (-44.4%)
20.25B
est: 37.72B (-46.3%)
20.35B
est: 40.95B (-50.3%)
24.47B
est: 41.69B (-41.3%)
24.87B
est: 39.91B (-37.7%)
29.29B
est: 47.85B (-38.8%)
33.72B
est: 54.78B (-38.4%)
38.44B
est: 30.19B (+27.4%)
40.97B
est: 30.08B (+36.2%)
30.18B
29.92B – 30.66B
+0.4% YoY
33.31B
31.95B – 35.76B
+10.4% YoY
36.00B
34.07B – 39.17B
+8.1% YoY
40.26B
40.24B – 40.28B
+11.8% YoY
44.23B
42.13B – 47.82B
+9.9% YoY
EPS
0.57
est.
0.61
est.
0.72
est.
0.71
est.
0.90
est.
1.13
est.
1.28
est.
1.54
est.
1.51
est: 1.62 (-6.9%)
1.82
est: 1.84 (-1.0%)
2.21
est: 2.30 (-3.9%)
2.93
est: 2.90 (+1.0%)
4.27
est: 4.26 (+0.3%)
4.15
est: 4.14 (+0.2%)
8.71
est: 7.96 (+9.5%)
8.79
est: 9.24 (-4.9%)
10.31
est: 10.16 (+1.4%)
11.61
est: 12.42 (-6.5%)
12.71
est: 13.12 (-3.1%)
14.54
est: 15.45 (-5.9%)
18.19
est: 18.83 (-3.4%)
19.95
est: 20.56 (-3.0%)
20.53
est: 21.88 (-6.2%)
22.54
est: 23.93 (-5.8%)
28.25
est: 28.81 (-2.0%)
32.73
est: 32.43 (+0.9%)
31.60
est: 34.94 (-9.6%)
42.83
est: 41.85 (+2.3%)
56.95
est: 52.98 (+7.5%)
38.25
est: 43.91 (-12.9%)
45.67
43.58 – 48.57
+4.0% YoY
49.54
45.85 – 57.95
+8.5% YoY
56.26
49.49 – 66.99
+13.6% YoY
61.93
52.86 – 73.16
+10.1% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-13 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-04-10 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
26.86B
OE per share TTM
28.01
Owner's Yield
1.05%
Maintenance CapEx ratio
58.27%
Maint CapEx / Avg PPE
25.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.54M
Shares Outstanding
958.64M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Amit Syngle MD, Chief Executive Officer & Director 112M male
Alok Agrawal GM of Internal Audit & Risk and Chief Internal Auditor male
Harish Lade Senior Vice President of Supply Chain male
Hiral Kumar Raja AVP of Accounts, SSC & Taxation
Rahul Bhatnagar President of Project Sales, R&T, Industrial JVs, Home Improvement and Supply Chain male
Rajeev Kumar Goel Senior Vice President of Technology
Ramalingam Jeyapandiyan Jeyamurugan Chief Financial Officer, Company Secretary & Compliance Officer male
Sameer Salvi Vice President of Backward Integration Business, Mantech & Strategy male
Aashish Kshetry Vice President of Systems male
Savitha Shivsankar Chief Human Resources Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits