Best Paint Stocks for October 2025 Based On 5-Year Returns: Sirca, Akzo Nobel, Asian Paints Lead

The paint industry has long been a reliable segment in India’s equity market, driven by steady housing demand and industrial use. Investors often look at long-term performance to identify companies with sustainable growth potential.

Five-year returns, or CAGR, provide a clear picture of wealth creation over time. In October 2025, five major paint stocks highlight the differences in growth, stability, and valuation across the sector.

Key Paint Stocks for October 2025 Based On 5-Year Returns

Note: The data is as of September 26, 2025. They are chosen from the Nifty 500 ranked by 5-year CAGR.

Sirca Paints

Sirca Paints, with a market cap of ₹2,646.08 crore, trades at a P/E ratio of 49.88. It recorded a one-year return of 39.91% and a strong 5-year return of 30.25%. The stock shows ROCE of 19.73% and ROE of 14.93%, with low debt-to-equity at 0.02. A dividend yield of 0.31% adds modest income potential.

Akzo Nobel India

Akzo Nobel, valued at ₹15,276.50 crore, has a P/E ratio of 37.72. The stock declined 7.87% in one year but delivered a 5-year return of 10.73%. It posts a high ROCE of 41.66% and ROE of 32.23%, with debt-to-equity at just 0.05. Its dividend yield of 2.98% offers investors steady payouts.

Asian Paints

Asian Paints, India’s largest paint company, has a market cap of ₹2,24,819.05 crore. The stock trades at a P/E ratio of 58.39 and fell 28.51% in one year. Over five years, it delivered a return of 4.00%. The company maintains ROCE of 25.72% and ROE of 20.59%, with a dividend yield of 1.06%.

Shalimar Paints

Shalimar Paints, with a market cap of ₹637.79 crore, has faced financial stress. The stock reported a steep one-year fall of 44.87% but still delivered a 5-year return of 3.56%. It currently shows a negative ROCE of -12.80% and ROE of -22.64%, with a debt-to-equity ratio of 0.52. The company pays no dividend.

Berger Paints India

Berger Paints, valued at ₹60,824.21 crore, trades at a P/E ratio of 52.04. The stock declined 15.06% in one year, with a five-year return of just 1.45%. It posts ROCE of 24.90% and ROE of 20.26%, supported by a dividend yield of 0.73%. Debt remains low with a ratio of 0.11.

Read More: Goldman Sachs, Morgan Stanley and others buy 5% stake in Akzo Nobel India

Conclusion

Paint stocks present a wide gap in long-term returns as of October 2025. Sirca Paints leads the sector with the strongest 5-year gains, while Akzo Nobel delivers steady growth supported by healthy dividends. Asian Paints and Berger Paints remain dominant players but have posted weaker returns in recent years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.