ASIANPAINT

Asian Paints Share Price Asian Paints

₹2,794.35
-65.2 (-2.28%)
  • Advice
  • Hold
29 February, 2024 06:55 BSE: 500820 NSE: ASIANPAINTISIN: INE021A01026

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Asian Paints Performance

Day Range

  • Low 2,786
  • High 2,859
₹ 2,794

52 Week Range

  • Low 2,709
  • High 3,568
₹ 2,794
  • Open Price2,850
  • Previous Close2,860
  • Volume2472196

Asian Paints Share Price

  • Over 1 Month -5.25%
  • Over 3 Month -11.24%
  • Over 6 Month -14.28%
  • Over 1 Year -1.22%

Asian Paints Key Statistics

P/E Ratio 49.3
PEG Ratio 1.1
Market Cap Cr 268,033
Price to Book Ratio 16.3
EPS 42.7
Dividend 0.9
Relative Strength Index 24.51
Money Flow Index 23.86
MACD Signal -50.04
Average True Range 58.86
Asian Paints Financials
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 7,9137,3428,0857,589
Operating Expenses Qtr Cr 6,0165,7576,1145,878
Operating Profit Qtr Cr 1,8971,5852,0001,748
Depreciation Qtr Cr 190179172194
Interest Qtr Cr 31282625
Tax Qtr Cr 471390510420
Net Profit Qtr Cr 1,4441,1601,5081,234
IndicatorMar 2023
Total Revenue Annual Cr 30,596
Operating Expenses Annual Cr 24,258
Operating Profit Annual in Cr 5,820
Depreciation Cr 756
Interest Annual Cr 93
Tax Annual Cr 1,389
Net Profit Annual Cr 4,100
IndicatorMar 2023
Cash from Operating Activity Annual Cr 4,222
Cash from Investing Activity Annual Cr -1,397
Cash from Financing Annual Activity Cr -2,185
Net Cash Flow Annual Cr 640
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 15,586
Fixed Assets Annual Cr 5,621
Total Non Current Assets Annual Cr 8,654
Total Current Assets Annual Cr 13,876
Total Assets Annual Cr 22,530
IndicatorMar 2023
Book Value Per Share Annual Rs 162
ROE Annual % 26
ROCE Annual % 33
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 21
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 9,1038,4799,1548,751
Operating Expenses Qtr Cr 7,0476,7627,0616,923
Operating Profit Qtr Cr 2,0561,7162,1211,865
Depreciation Qtr Cr 220209198220
Interest Qtr Cr 54514639
Tax Qtr Cr 493419530451
Net Profit Qtr Cr 1,4481,2051,5501,234
IndicatorMar 2023
Total Revenue Annual Cr 34,875
Operating Expenses Annual Cr 28,229
Operating Profit Annual in Cr 6,260
Depreciation Cr 858
Interest Annual Cr 144
Tax Annual Cr 1,494
Net Profit Annual Cr 4,106
IndicatorMar 2023
Cash from Operating Activity Annual Cr 4,193
Cash from Investing Activity Annual Cr -1,275
Cash from Financing Annual Activity Cr -2,140
Net Cash Flow Annual Cr 779
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 15,992
Fixed Assets Annual Cr 6,562
Total Non Current Assets Annual Cr 9,263
Total Current Assets Annual Cr 16,535
Total Assets Annual Cr 25,798
IndicatorMar 2023
Book Value Per Share Annual Rs 171
ROE Annual % 26
ROCE Annual % 32
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 19

Asian Paints Technicals

EMA & SMA

Current Price
₹2,794.35
-65.2 (-2.28%)
pointer
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 16
  • 20 Day
  • ₹2,966.73
  • 50 Day
  • ₹3,057.61
  • 100 Day
  • ₹3,114.04
  • 200 Day
  • ₹3,132.67
  • 20 Day
  • ₹2,951.99
  • 50 Day
  • ₹3,127.86
  • 100 Day
  • ₹3,126.89
  • 200 Day
  • ₹3,199.07

Asian Paints Resistance and Support

PIVOT
₹2,813.09
Resistance
First Resistance 2,840.67
Second Resistance 2,886.98
Third Resistance 2,914.57
RSI 24.51
MFI 23.86
MACD Single Line -50.04
MACD -57.42
Support
First Resistance 2,766.77
Second Resistance 2,739.18
Third Resistance 2,692.87

Asian Paints Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 2,646,201 152,183,020 57.51
Week 2,427,014 142,611,354 58.76
1 Month 1,546,919 93,805,179 60.64
6 Month 1,084,018 63,219,913 58.32

Asian Paints Result Highlights

Asian Paints Synopsis

NSE-Chemicals-Paints

Asian Paints Ltd. is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company’s Total Operating Revenue is Rs. 30078.40 Cr. and Equity Capital is Rs. 95.92 Cr. for the Year ended 31/03/2023. Asian Paints Ltd. is a Public Limited Listed company incorporated on 24/10/1945 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24220MH1945PLC004598 and registration number is 004598.
Market Cap 268,034
Sales 30,995
Shares in Float 45.08
No of funds 1134
Yield 0.94
Book Value 17.2
U/D Vol ratio 0.7
LTDebt / Equity
Alpha -0.08
Beta 0.62

Asian Paints

Owner NameDec-23Sep-23Jun-23Mar-23
Promoters 52.63%52.63%52.63%52.63%
Mutual Funds 3.46%3.47%3.55%3.7%
Insurance Companies 6.29%5.77%5.62%5.31%
Foreign Portfolio Investors 17.32%17.65%17.48%17.02%
Financial Institutions/ Banks 0.09%
Individual Investors 12.31%12.47%12.66%13.1%
Others 7.99%8.01%8.06%8.15%

Asian Paints Management

Name Designation
Mr. Deepak Satwalekar Chairman & Ind.Director
Mr. Manish Choksi Vice Chairman & Non Exe.Dire
Mr. Amit Syngle Managing Director & CEO
Mr. Jigish Choksi Non Executive Director
Mr. Malav Dani Non Executive Director
Ms. Amrita Vakil Non Executive Director
Mr. Ashwin Dani Non Executive Director
Ms. Nehal Vakil Non Executive Director
Mr. Suresh Narayanan Independent Director
Mrs. Pallavi Shroff Independent Director
Mr. Milind Sarwate Independent Director
Mr. R Seshasayee Independent Director
Mrs. Vibha Paul Rishi Independent Director

Asian Paints Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Asian Paints Corporate Action

Date Purpose Remarks
2024-01-17 Quarterly Results
2023-10-26 Quarterly Results & Interim Dividend
2023-07-25 Quarterly Results
2023-05-11 Audited Results & Final Dividend
2023-01-19 Quarterly Results
Date Purpose Remarks
2023-11-03 INTERIM Rs.5.15 per share(515%)Interim Dividend
2023-06-09 FINAL Rs.21.25 per share(2125%)Final Dividend
2022-11-01 INTERIM Rs.4.40 per share(440%)Interim Dividend
2022-06-10 FINAL Rs.15.50 per share(1550%)Final Dividend
2021-10-29 INTERIM Rs.3.65 per share(365%)Interim Dividend

About Asian Paints

Asian Paints was founded in 1942 by four friends who did not hesitate to compete with the world's largest paint company operating in the country, then become India's most well-known paint company. Since 1967, the company has been the market leader in paints due to its strong consumer focus and innovative spirit. Asian Paints manufactures various decorative and industrial paints, wall coverings, adhesives, and services.

History

Asian Oil and Paint Company Pvt. Ltd. Founded in 1942, Asian Paints Ltd changed its name to Asian Paints (India) Pvt. Ltd. in 1965 it became a public limited company in 1973. Today the paints company is the world's 9th most extensive, Asia's 3rd and India's largest paint company. The Global giant has paint manufacturing plants in Gujarat, Tamil Nadu, Haryana and Maharastra and 65 foreign countries; in collaboration with Berger, International SCIB paints Apco coating and Taubmans, the company provides its products to 22 countries.

With a group turnover of Rs 289 billion, Asian Paints is India's largest paint company. Asian Paints operates in 15 countries and 26 paint manufacturing facilities worldwide, serving customers over 60 countries. Vertical integration has allowed Asian Paints to diversify into chemical products used in paint manufacturing, such as phthalic anhydride and pentaerythritol. 

The company has also recently launched three Furniture, Furnishings, and Lighting Products brands: Nilaya, Royale, and Ador. It has also introduced the 'Beautiful Homes Service,' a complete end-to-end solution that offers consumers personalized interior design services with a touch of professionalism.

The paint company introduced innovation in paint manufacture by starting a product line of paints such as Colour Worlds (Dealer Tinting Systems), Royale Play Special Effect, Home Solutions (painting solutions Service), Colour Next (Prediction of Colour Trends through in-depth research) and Kids World (painting solutions for kid's room). Asian paints also provide its decorative paint line comprising Interior walls, Wood, Exterior walls and Enamel finishes.

Market Capitalisation and Stock Information


Asian Paints, founded in 1942, became a public limited company in 1965 and is listed on the National Stock Exchange(NSE) and Bombay Stock Exchange (B.S.E.).

● The Face Value of shares is INR 1 each.

● The store is part of the S&P BSE 100 Index.

Shareholding Pattern

Asian Paints Ltd.'s Shareholding Pattern page displays the DII's holding, Shareholding by the general public, Promoter's holding, and F.I.I.s holding as follows:


● Total No Of Shares 959197790 (100%)

● Promoters Share 504785184 (52.63%)

● ForeignInstitutions 186530056 (19.45%)

● CentralGovt 403162 (0.04%)

● Others 70733659 (7.37%)

● General Public 123908317 (12.92%)

● FinancialInstitutions 42124436 (4.39%)

● GDR 223240 (0.02%)


Corporate Social Responsibility Information

Asian Paints stands tall on the threshold of significant achievement by working in all fairness and concern, enabling those who work with them to live better lives. The Asain Paints C.S.R. initiatives are as follows:

Improved Quality of Life for Asian Paint communities

Asian Paints, by its C.S.R. initiative, aims to improve the standard of living for those communities in the vicinity of their manufacturing plants. They have created developmental programmes for paint manufacturers and home improvement services providers to raise undesired communities' living standards by encouraging them to develop skills through vocational training. They aim to achieve that by focusing on four main areas:

Education

Asian Paints recognizes that education is crucial to enable social equality and eradicate poverty. In their, C.S.R. drives Asian Paints to promote education to the undesired community in the areas where they function. Some innovative initiatives are self-defence training for girls, Scholarships to encourage higher studies, workshops for soft skills development, etc.

Healthcare and Hygiene

Asian Paints encourages sanitation and healthcare facilities by investing their resources in them. Provision of safe drinking water, creating awareness through their 'Safar' initiative, etc.

Water Management 

Water is a necessary input in the manufacture of paints, and Asian paints strive to conserve water through wastewater treatment and water conservation projects.   

Vocational Training

The Asian Paints Colour Academy works with cutting-edge technology to help interested and basic-level painters to become experts. The Academy also offers children with zero painting skills vocational instruction in fundamental and specialized painting skills. Participants receive an NSDC certification based on National Occupation Standards established by the NSDC Construction Sector Skills Council.

Financial Information

Bottom Line

Asian paints recorded a drop of 29% in net profits. The net earnings for the second quarter of the financial year 2022 are INR 605.2 against the net profit of the second quarter of the financial year 2021, which was INR 853 Cr. Asian Paints' revenue, however, was INR 5350 Cr in the July-September quarter of the financial year 2021, but for the same quarter, the revenue rose by 32.6% to INR 7096.

Net Worth

However, slightly overvalued Asian Paints is showing a rise and is a fair investment stock.

Asian Paints FAQs

What is Share Price of Asian Paints ?

Asian Paints share price is ₹2,794 As on 29 February, 2024 | 06:41

What is the Market Cap of Asian Paints ?

The Market Cap of Asian Paints is ₹268033.4 Cr As on 29 February, 2024 | 06:41

What is the P/E ratio of Asian Paints ?

The P/E ratio of Asian Paints is 49.3 As on 29 February, 2024 | 06:41

What is the PB ratio of Asian Paints ?

The PB ratio of Asian Paints is 16.3 As on 29 February, 2024 | 06:41

Who is the CEO of Asian Paints?

Amit Syngle is the CEO of Asian Paints since 1 Apr 2020.

What is the CAGR of Asian Paints?

The 10 Years CAGR of Asian Paints is 27%, 5 Years is 28%, 3 Years is 35% and 1 Year is 51%.

Is Asian Paints share good for the long-term?

Asian Paints has an operating revenue of INR 26,121.27 Cr. on a trailing 12-month basis. Annual revenue growth of 7% is good, Pre-tax margin of 20% is great, ROE of 24% is exceptional. The company is debt-free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.

How to buy Asian Paints Ltd shares?

You can easily buy the shares of Asian Paints Ltd . by registering at 5Paisa and setting up a Demat Account in your name.

Q2FY23