Live Asian Paints Share Price Chart

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Asian Paints Performance

Days Range

Low: ₹2,845.00
High: ₹2,893.00
Previous Close ₹2,896.75
Open ₹2,890.00
Volume 16,81,648
Day’s Range ₹2,845.00 - ₹2,893.00
52W Range ₹2,750.05 - ₹3,568.00
Market Cap ₹2,77,793 Cr

Asian Paints Fundamentals

ROCE (TTM) 37.14
P/E Ratio (TTM) 51.09
P/B Ratio 16.77
Industry P/E 49.18
Debt to Equity 0.14
ROE 30.57
EPS (TTM) 56.88
Dividend Yield 0.89
Book Value 172.66
Face Value 1

Asian Paints Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales8,787.349,182.318,478.579,103.09
Expenses7,142.757,259.346,971.067,267.35
Profit before tax1,709.852,104.961,650.941,967.78
Operating Profit1,258.411,574.841,232.391,475.16
Net Profit1,258.411,574.841,232.391,475.16
EPS in Rs13.1316.1712.5715.1

About Asian Paints

History

Asian Paints Limited was founded as a partnership firm in 1942 by four friends, Champaklal Choksey, Chimanlal Choksi, Suryakant Dani and Arvind Vakil, focusing on manufacturing paints. The company has been the market leader in paints since 1967 due to its strong consumer focus and innovative spirit. Asian Paints launched an IPO in 1982 and got listed on the BSE. Currently, it is listed on both exchanges, BSE and NSE.

The company is engaged in the manufacturing of a wide range of paints for decorative and industrial use. It also offers wall coverings, waterproofing, adhesives and services under its portfolio. The business has also been diversified with products under the home improvement and decor segment, along with bath and kitchen products. The company also introduced lightings, furnishings and furniture in its portfolio. It carries out business activities from 27 manufacturing facilities across 15 countries worldwide. In addition, it serves consumers in over 60 countries with its products and services.

In 2022, the company received the Golden Peacock Award for Excellence in Corporate Governance for consecutively 3 years. During the same year, the business was identified among the Top 30 Most Sustainable Companies in India for 2021-22 by Business World magazine in association with Sustain Labs Paris.

Business Segment

  • Decorative Business: The company deals in interior and exterior wall finishes, waterproofing, wood finishes, enamels, adhesives, tools and undercoats. The company generated ~84.2% of revenue from the segment during FY 2023, a significant revenue arm for the business.
  • Home Decor Segment: The products and services under the segment include modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, furnishing and rugs. The home décor business contributed ~4% of revenue in FY 2023. The company is looking to increase revenue contribution to 8-10% by FY 2025-2026.
  • International Segment: The international presence of Asian Paints revolves around Asia, the Middle East, Africa and the South Pacific. The overall segment contributed ~9% to the revenue of the overall business.
  • Industrial Segment: The company provides high-quality custom, custom-formulated products for India’s automotive and industrial coatings business. During FY 2023, it reaped ~2% of the overall revenue.

As of March 31, 2023, the company has 24 subsidiary companies (19 international subsidiary companies). The following are a few:

  • Asian Paints International Private Limited (APIPL) Singapore: It is a wholly-owned subsidiary of Asian Paints Limited and is the holding company for all subsidiary companies carrying out operations overseas, except Asian Paints (Nepal) Private Limited. The business activities of APIPL are those of investment holding and management.
  • Asian Paints (Nepal) Private Limited: The principal business of Asian Paints (Nepal) Private Limited is the manufacturing and selling paint products in Nepal.

Key Personnel

  • Amit Syngle, Managing Director

Amit Syngle is the Chief Executive Officer, MD and director at Asian Paints Ltd. He is also a Member of the Color Marketing Group. He has been re-appointed as MD & CEO of the company for 5 years, commencing from April 1, 2023 to March 31, 2028, due to his exceptional leadership and strong performance.

Management Outlook

  • The company is working on an investment plan worth ₹8,750 crore across several areas, including backward integration, capacity growth, and cutting-edge product and technology capabilities.
  • Asian Paints’ main goal is to increase manufacturing capacity through new construction and renovations of existing facilities. To improve technology and innovation across all of its goods, the firm has entered into a legally binding agreement to purchase majority ownership in a player in next-generation nanotechnology and specialty chemicals.
  • The business would be concentrated on developing production capabilities for VAE emulsion, a cutting-edge, environmentally friendly emulsion that will give the company a long-term competitive and cost advantage.

SWOT Analysis

Strengths

  • Consistent quarterly revenue growth.
  • A well-diversified business by geography and products.

Weaknesses

  • High competition from Kansai Nerolac and Akzonobel in the industrial coating segment.
  • Subdued global performance except Bangladesh, Nepal, and the United Arab Emirates.

Opportunities

  • Growing the e-commerce market for higher revenue opportunities.
  • Focus on capacity expansion with an investment plan for future years.

Threats

  • Change in customer preferences to create higher unsold inventory.
  • Intense competition from unorganised players may deteriorate market position.
Parent Organisation Indian Private
Founded 1945
Managing Director Deepak Satwalekar
NSE Symbol ASIANPAINT

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Berger Paints India Ltd ₹65,471.11

556.75

4.95 (-0.88%)

555.4 - 563View Peer Comparison
Kansai Nerolac Paints Ltd ₹22,675.05

280.4

0.25 (-0.09%)

279.1 - 284.95View Peer Comparison
Akzo Nobel India Ltd ₹11,215.44

2455.7

12.30 (-0.50%)

2433 - 2489.25View Peer Comparison
Indigo Paints Ltd ₹6,375.26

1347.8

9.05 (0.68%)

1337.7 - 1357.2View Peer Comparison
MCON Rasayan India Ltd ₹72.49

121.7

6.70 (5.83%)

121 - 126View Peer Comparison

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Asian Paints FAQs

What is the Share price of Asian Paints (ASIANPAINT)?

Asian Paints (ASIANPAINT) share price as of April 12, 2024, on NSE is Rs 2,855.15 (NSE) and Rs 2,854.40 (BSE) on BSE.

Can I buy Asian Paints (ASIANPAINT) shares?

Yes, You can buy Asian Paints (ASIANPAINT) shares by opening a Demat account with Angel One.

How do I buy Asian Paints (ASIANPAINT) from Angel One?

Asian Paints (ASIANPAINT) share can be brought through the following modes:
  1. Direct investment: You can buy Asian Paints (ASIANPAINT) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Asian Paints (ASIANPAINT) shares.

What is the total Asset of Asian Paints?

Asian Paints’s total assets for 2022 were Rs 22,958 Crore.

What is the main business of Asian Paints?

Asian Paints produces a large selection of decorative and industrial paints. Asian Paints is a player in all four decorative paint market areas, including interior and exterior wall finishes, enamels, and wood finishes. Its product line also includes wall coverings, adhesives, and water proofing.

Who are the promoters of Asian Paints?

Sattva Holding And Trading Private Limited (5.71%), Smiti Holding And Trading Company Private Limited (5.77%), Geetanjali Trading And Investments Private Limited (4.77%) are some of the biggest promoters of Asian Paints.

What are the Subsidiaries that comes under Asian Paints?

The Subsidiaries that comes under Asian Paints are Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Asian Paints Causeway and Kadisco Asian Paints.