Asian Paints

₹2261.4 -22.8 | 1%

WEBSITE BSE:500820 NSE : ASIAN PAINTS 26 Dec, 16:01

Market Cap ₹216913 Cr.

Stock P/E 39.0

P/B 12.2

Current Price ₹2261.4

Book Value ₹ 185

Face Value 1

52W High ₹3422

Dividend Yield 1.47%

52W Low ₹ 2256.5

Edit Ratio

Asian Paints Research see more...

Asian Paints Ltd

As market tumbles, Asian Paints Limited should be a good bet

Overview Inc. Year: 1945Industry: Paints

Asian Paints Limited is engaged within the commercial enterprise of manufacturing, promoting and distribution of paints, coatings, products associated with domestic decor, bathtub fittings and providing associated offerings. Its segments include Paints and Home Improvement. Paints section is engaged in manufacturing and trading of paints and related services. Home Improvement section is engaged in production and buying and selling bathtub fitting merchandise and associated services The Company manufactures paints, varnishes, enamels, or lacquers, and surfacing preparations, which consist of organic composite solvents and thinners and different related products. It additionally manufactures organic and inorganic chemicals; metal sanitary ware such as baths, sinks, washbasins and similar articles and cosmetics and toiletries. It gives various offerings, along with indoors design provider, safe painting service, wood solutions, waterproofing, colour consultancy online and contractor finder services.

Asian Paints Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Asian Paints Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Asian Paints Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	10419	11649	11830	12723	14154	16392	17194	18517	25189	30078	30850
Other Income	174	187	249	300	278	285	358	366	452	518	825
Total Income	10593	11836	12080	13023	14431	16677	17552	18883	25640	30596	31675
Total Expenditure	8639	9634	9350	10048	11230	12885	13337	14024	20601	24258	23820
Operating Profit	1954	2201	2730	2974	3201	3792	4215	4859	5040	6338	7855
Interest	29	31	27	22	24	81	78	72	70	93	115
Depreciation	212	223	235	295	311	541	690	697	722	756	734
Exceptional Income / Expenses	-10	-14	-65	0	0	0	-33	0	-54	0	0
Profit Before Tax	1703	1934	2403	2657	2866	3170	3413	4090	4194	5490	7005
Provision for Tax	534	606	780	855	971	1038	759	1038	1059	1389	1683
Profit After Tax	1169	1327	1623	1802	1895	2132	2654	3052	3135	4100	5322
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1169	1327	1623	1802	1895	2132	2654	3052	3135	4100	5322
Adjusted Earnings Per Share	12.2	13.8	16.9	18.8	19.8	22.2	27.7	31.8	32.7	42.7	55.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	3%	19%	13%	11%
Operating Profit CAGR	24%	17%	16%	15%
PAT CAGR	30%	20%	20%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-33%	-12%	5%	12%
ROE Average	31%	28%	28%	29%
ROCE Average	42%	38%	38%	42%

Asian Paints Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	3601	4230	5926	7095	7798	8843	9453	12089	13349	15586	18425
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	40	32	29	10	10	11	19	14	16	49	36
Other Non-Current Liabilities	244	253	315	377	381	988	921	902	896	1063	1300
Total Current Liabilities	2835	2759	2455	2876	3399	3841	3195	4575	5647	5831	6221
Total Liabilities	6720	7274	8725	10358	11588	13683	13588	17581	19908	22530	25982
Fixed Assets	2012	1965	2629	2605	2569	5221	4961	4763	4554	4643	5360
Other Non-Current Assets	866	1157	1554	2323	3518	2408	2801	2871	2606	4011	6068
Total Current Assets	3841	4152	4541	5430	5500	6053	5826	9947	12748	13876	14553
Total Assets	6720	7274	8725	10358	11588	13683	13588	17581	19908	22530	25982

Asian Paints Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	552	739	864	1276	1157	683	1156	694	3134	2065	2704
Cash Flow from Operating Activities	1371	1144	1980	1420	2136	2395	2813	3459	1260	4222	5738
Cash Flow from Investing Activities	-618	-292	-863	-585	-1371	-833	-775	-436	-340	-1397	-2263
Cash Flow from Financing Activities	-560	-728	-704	-956	-1239	-1089	-2501	-583	-1989	-2185	-2974
Net Cash Inflow / Outflow	194	124	413	-121	-474	473	-462	2440	-1069	640	500
Closing Cash & Cash Equivalent	745	863	1276	1157	683	1156	694	3134	2065	2704	3205

Asian Paints Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	12.19	13.84	16.92	18.78	19.75	22.23	27.67	31.82	32.68	42.75	55.48
CEPS(Rs)	14.4	16.16	19.36	21.86	23	27.87	34.86	39.09	40.2	50.63	63.14
DPS(Rs)	5.3	6.1	7.5	10.3	8.7	10.5	12	17.85	19.15	25.65	33.3
Book NAV/Share(Rs)	37.54	44.1	61.78	73.97	81.3	92.19	98.55	126.03	139.03	162.21	191.59
Core EBITDA Margin(%)	14.63	14.75	16.57	16.5	17.56	18.67	19.37	20.76	15.44	16.26	18.88
EBIT Margin(%)	14.23	14.39	16.23	16.53	17.35	17.31	17.54	19.23	14.35	15.6	19.12
Pre Tax Margin(%)	13.99	14.16	16.05	16.4	17.21	16.88	17.14	18.9	14.12	15.34	18.81
PAT Margin (%)	9.61	9.72	10.84	11.12	11.38	11.35	13.33	14.1	10.55	11.46	14.29
Cash Profit Margin (%)	11.35	11.35	12.4	12.94	13.25	14.23	16.8	17.33	12.98	13.57	16.26
ROA(%)	18.91	18.97	20.29	18.88	17.27	16.87	19.46	19.58	16.72	19.32	21.94
ROE(%)	35.3	33.9	31.96	27.68	25.45	25.63	29.01	28.33	24.66	28.38	31.36
ROCE(%)	51.09	49.62	47.5	40.92	38.67	39.01	38.08	38.55	33.48	38.5	41.75
Receivable days	20.19	19.27	18.14	19.75	23.38	23.16	21.58	24.62	29.03	32.52	34.78
Inventory Days	47.19	46.33	41.59	42.85	47.92	46.29	49.62	50.2	51.62	54.04	50.96
Payable days	98.4	95.01	87.25	94.98	94.63	88.83	85.99	97.15	85.58	70.25	68.77
PER(x)	44.84	58.44	51.35	57.03	56.73	67.12	60.24	79.73	94.3	64.61	51.3
Price/Book(x)	14.56	18.34	14.06	14.48	13.78	16.18	16.91	20.13	22.17	17.03	14.86
Dividend Yield(%)	0.97	0.75	0.86	0.96	0.78	0.7	0.72	0.7	0.62	0.93	1.17
EV/Net Sales(x)	5.03	6.66	7.03	8.06	7.59	8.72	9.28	13.13	11.72	8.8	8.84
EV/Core EBITDA(x)	26.8	35.23	30.48	34.49	33.55	37.7	37.85	50.06	58.6	41.74	34.72
Net Sales Growth(%)	16.28	11.81	1.56	7.54	11.25	15.81	4.89	7.69	36.03	19.41	2.57
EBIT Growth(%)	11.73	13.47	23.69	10.24	7.86	12.5	7.4	19.19	2.48	30.91	27.55
PAT Growth(%)	11.34	13.54	22.25	11.02	5.17	12.53	24.47	14.99	2.72	30.8	29.79
EPS Growth(%)	11.34	13.54	22.26	11.02	5.17	12.53	24.47	14.99	2.72	30.8	29.79
Debt/Equity(x)	0.01	0.01	0.01	0.01	0	0	0	0	0	0	0
Current Ratio(x)	1.35	1.5	1.85	1.89	1.62	1.58	1.82	2.17	2.26	2.38	2.34
Quick Ratio(x)	0.77	0.85	1.19	1.13	0.98	0.9	0.94	1.49	1.32	1.47	1.52
Interest Cover(x)	59.77	63.05	90	120.14	121.31	40.27	44.54	58.07	60.7	59.99	61.69
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Asian Paints Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63	52.63
FII	18.51	18.56	18.11	17.01	17.47	17.65	17.32	15.89	15.27	15.28
DII	8.46	8.78	9.2	10.01	10.05	10.05	10.58	11.66	12.36	13.16
Public	20.4	20.03	20.06	20.35	19.85	19.67	19.48	19.82	19.75	18.93
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	50.48	50.48	50.48	50.48	50.48	50.48	50.48	50.48	50.48	50.48
FII	17.75	17.81	17.37	16.32	16.76	16.93	16.61	15.24	14.65	14.66
DII	8.11	8.42	8.83	9.6	9.64	9.64	10.15	11.19	11.85	12.62
Public	19.57	19.21	19.24	19.52	19.04	18.87	18.68	19.01	18.94	18.16
Others	0	0	0	0	0	0	0	0	0	0
Total	95.92	95.92	95.92	95.92	95.92	95.92	95.92	95.92	95.92	95.92

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 28%
Debtor days have improved from 70.25 to 68.77days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 12.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Asian Paints News

IPO

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Asian Paints

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Asian Paints Research see more...

Overview Inc. Year: 1945Industry: Paints

Asian Paints Share Price

Alert Data

Quarterly Price

Peer Comparison

Asian Paints Quarterly Results

Asian Paints Profit & Loss

Growth Rates

Asian Paints Balance Sheet

Asian Paints Cash Flow

Asian Paints Ratios

Asian Paints Shareholding Pattern

Asian Paints News

IPO

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