Asian Paints Ltd

Asian Paints Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Asian Paints Ltd

₹ 2,429 -2.17%
21 Nov 4:00 p.m.
asianpaints.com BSE: 500820 NSE: ASIANPAINT
About

Asian Paints is the largest home decor company in India. The 80+yyr old company has major brands like Asian Paints, Berger, 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.

Key Points

Business Segments

Website BSE NSE
  • Market Cap ₹ 2,33,055 Cr.
  • Current Price ₹ 2,429
  • High / Low ₹ 3,423 / 2,425
  • Stock P/E 49.6
  • Book Value ₹ 188
  • Dividend Yield 1.37 %
  • ROCE 37.5 %
  • ROE 31.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 20.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.8%
  • Company has been maintaining a healthy dividend payout of 59.7%

Cons

  • Stock is trading at 12.9 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.

Peer comparison

Sector: Paints/Varnish Industry: Paints / Varnishes

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
7,096 8,527 7,893 8,607 8,458 8,637 8,787 9,182 8,479 9,103 8,731 8,970 8,028
6,192 6,985 6,449 7,051 7,230 7,025 6,923 7,061 6,762 7,047 7,039 7,276 6,788
Operating Profit 904 1,542 1,443 1,556 1,228 1,611 1,865 2,121 1,716 2,056 1,691 1,694 1,240
OPM % 13% 18% 18% 18% 15% 19% 21% 23% 20% 23% 19% 19% 15%
148 87 -26 88 118 122 104 228 194 186 212 193 25
Interest 24 27 23 29 35 41 39 46 51 54 54 55 63
Depreciation 203 208 205 208 216 214 220 198 209 220 226 228 242
Profit before tax 826 1,394 1,189 1,407 1,094 1,478 1,710 2,105 1,651 1,968 1,624 1,604 959
Tax % 27% 26% 26% 26% 27% 26% 26% 25% 25% 25% 21% 26% 28%
605 1,031 874 1,036 804 1,097 1,258 1,575 1,232 1,475 1,275 1,187 694
EPS in Rs 6.21 10.59 8.87 10.60 8.16 11.18 12.87 16.16 12.57 15.09 13.10 12.20 7.24
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
10,504 12,220 13,615 14,271 15,062 16,825 19,240 20,211 21,713 29,101 34,489 35,495 34,831
8,767 10,217 11,372 11,546 12,068 13,621 15,475 16,054 16,857 24,298 28,229 27,910 28,150
Operating Profit 1,737 2,004 2,243 2,725 2,994 3,204 3,765 4,157 4,856 4,804 6,260 7,585 6,681
OPM % 17% 16% 16% 19% 20% 19% 20% 21% 22% 17% 18% 21% 19%
114 124 142 213 338 336 274 355 332 296 431 821 616
Interest 42 48 42 49 37 41 110 102 92 95 144 205 227
Depreciation 155 246 266 276 335 360 622 780 791 816 858 853 916
Profit before tax 1,655 1,834 2,077 2,614 2,960 3,138 3,306 3,629 4,304 4,188 5,689 7,348 6,155
Tax % 30% 31% 31% 32% 32% 33% 33% 24% 26% 26% 26% 24%
1,160 1,263 1,427 1,803 2,016 2,098 2,208 2,774 3,207 3,085 4,195 5,558 4,631
EPS in Rs 11.61 12.71 14.54 18.19 20.22 21.26 22.48 28.20 32.73 31.59 42.81 56.92 47.63
Dividend Payout % 40% 42% 42% 41% 51% 41% 47% 43% 55% 61% 60% 58%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 18%
TTM: -1%
Compounded Profit Growth
10 Years: 16%
5 Years: 21%
3 Years: 20%
TTM: -8%
Stock Price CAGR
10 Years: 13%
5 Years: 8%
3 Years: -9%
1 Year: -23%
Return on Equity
10 Years: 28%
5 Years: 28%
3 Years: 28%
Last Year: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 96 96 96 96 96 96 96 96 96 96 96 96 96
Reserves 3,288 3,943 4,646 6,429 7,508 8,314 9,375 10,034 12,710 13,716 15,896 18,632 17,928
251 249 418 323 560 533 1,320 1,118 1,093 1,587 1,933 2,474 2,516
3,149 3,787 3,754 3,711 4,241 4,820 5,459 4,889 6,456 7,560 7,854 8,698 8,934
Total Liabilities 6,784 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 29,901 29,474
2,441 2,562 2,660 3,416 3,304 3,732 6,497 6,272 5,859 5,519 5,770 7,147 7,879
CWIP 59 72 196 107 258 1,405 210 140 183 426 1,020 2,698 2,272
Investments 296 1,424 1,588 2,712 2,652 2,141 2,569 2,019 4,737 3,248 4,262 4,588 3,695
3,989 4,019 4,471 4,324 6,192 6,485 6,974 7,707 9,577 13,765 14,728 15,468 15,629
Total Assets 6,784 8,075 8,914 10,559 12,405 13,763 16,249 16,138 20,355 22,958 25,779 29,901 29,474

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,187 1,402 1,188 2,243 1,527 2,113 2,470 3,038 3,683 986 4,193 6,104
-463 -586 -465 -866 -681 -1,556 -918 -518 -541 -317 -1,282 -2,548
-601 -626 -576 -849 -756 -1,379 -1,117 -2,871 -650 -1,808 -2,140 -2,982
Net Cash Flow 123 190 147 528 90 -822 434 -351 2,492 -1,138 771 573

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 34 33 32 30 35 38 36 32 44 49 49 50
Inventory Days 122 121 123 108 138 117 119 127 134 142 121 122
Days Payable 96 102 84 84 101 95 90 80 119 96 71 79
Cash Conversion Cycle 60 52 70 54 72 60 65 79 59 94 99 93
Working Capital Days 13 11 20 21 35 32 30 43 46 69 66 62
ROCE % 47% 45% 42% 42% 38% 36% 33% 33% 34% 29% 34% 38%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63%
20.48% 19.45% 18.51% 18.56% 18.11% 17.02% 17.48% 17.65% 17.32% 15.89% 15.27% 15.28%
7.15% 7.57% 8.42% 8.74% 9.16% 9.96% 10.01% 10.01% 10.52% 11.61% 12.30% 13.10%
0.04% 0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.06% 0.06% 0.06% 0.06%
19.68% 20.29% 20.37% 19.99% 20.02% 20.32% 19.82% 19.64% 19.44% 19.78% 19.68% 18.88%
0.02% 0.02% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.06% 0.05%
No. of Shareholders 7,12,2619,46,87610,11,4479,11,6809,79,33110,82,6509,97,4559,85,2169,75,31911,05,32611,11,6019,75,807

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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