ASIANPAINT

ASIAN PAINTS

Large Cap BSE: 500820 NSE: ASIANPAINT
₹3221.45
-5.05 (-0.16%)
  • Advice
  • Hold
As on 08 December, 2022 | 21:51

Asian Paints Performance

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52 Week Range

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Asian Paints Share Price

Asian Paints Share Returns

  • Over 1 Month 3.8%
  • Over 3 Month -6.63%
  • Over 6 Month 19.08%
  • Over 1 Year 3.63%

Asian Paints Key Statistics

P/E Ratio 84.3
PEG Ratio 6.7
Market Cap Cr 309,001
Price to Book Ratio 21.8
EPS 32.8
Dividend 0.6
Relative Strength Index 61.19
Money Flow Index 80.35
MACD Signal -4.9
Average True Range 52.86

Asian Paints Investment Rating

  • Master Rating:
  • Asian Paints has an operating revenue of Rs. 33,484.42 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 14% is healthy, ROE of 21% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its key moving averages, around 1% and 3% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 9% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 92 which is a GREAT score indicating consistency in earnings, a RS Rating of 47 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D+ which indicates heavy supply, Group Rank of 94 indicates it belongs to a poor industry group of Chemicals-Paints and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Asian Paints Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 7,3167,5566,7557,4916,1524,7335,671
Operating Expenses Qtr Cr 6,2296,1245,3976,0235,2773,9044,448
Operating Profit Qtr Cr 1,1161,4631,3631,4688758821,222
Depreciation Qtr Cr 189184181184180176193
Interest Qtr Cr 24201421181625
Tax Qtr Cr 257355303347211199284
Net Profit Qtr Cr 7631,0179001,020619596820

Asian Paints Technicals

EMA & SMA

Current Price
3221.45
-5.05 (-0.16%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 3151.64
  • 50 Day
  • 3172.81
  • 100 Day
  • 3178.77
  • 200 Day
  • 3144.48
  • 20 Day
  • 3125.61
  • 50 Day
  • 3178.86
  • 100 Day
  • 3257.26
  • 200 Day
  • 3111.78

Asian Paints Resistance and Support

PIVOT
₹3212.54
Resistance
First Resistance 3248.67
Second Resistance 3270.84
Third Resistance 3306.97
RSI 61.19
MFI 80.35
MACD Single Line -4.9
MACD 11.78
Support
First Resistance 3190.37
Second Resistance 3154.24
Third Resistance 3132.07

Asian Paints Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 909,337 44,275,619 48.69
Week 1,140,655 55,983,347 49.08
1 Month 1,049,735 58,134,324 55.38
6 Month 1,253,136 63,270,818 50.49

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. 25188.51 Cr. and Equity Capital is Rs. 95.92 Cr. for the Year ended 31/03/2022. 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 308,555
Sales 29,181
Shares in Float 45.08
No of funds 1208
Yield 0.73
Book Value 23.12
U/D Vol ratio 0.9
LTDebt / Equity
Alpha 0.01
Beta 0.81

Asian Paints

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 52.63%52.63%52.63%
Mutual Funds 3.7%3.52%3.18%
Insurance Companies 4.2%4.06%3.37%
Foreign Portfolio Investors 18.56%18.51%19.45%
Financial Institutions/ Banks 0.07%0.07%0.06%
Individual Investors 12.69%13.04%12.92%
Others 8.15%8.17%8.39%

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. Ashwin Dani Non Executive Director
Mr. Malav Dani Non Executive Director
Ms. Amrita Vakil Non Executive Director
Mr. Jigish Choksi Non Executive Director
Ms. Nehal Vakil Non Executive Director
Mr. Suresh Narayanan Independent Director
Mrs. Pallavi Shroff Independent Director
Mr. R Seshasayee Independent Director
Mrs. Vibha Paul Rishi Independent Director
Mr. Milind Sarwate 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
2022-10-20 Quarterly Results & Interim Dividend
2022-07-26 Quarterly Results
2022-05-10 Audited Results & Final Dividend
2022-01-20 Quarterly Results
2021-10-21 Quarterly Results & Interim Dividend
Date Purpose Remarks
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
2021-06-11 FINAL Rs.14.50 per share(1450%)Final Dividend

Asian Paints MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
SBI S&P BSE Sensex ETF 83302
HDFC Balanced Advantage Fund Growth 49709
UTI Nifty 50 Exchange Traded Fund 39494
Axis Bluechip Fund Growth 36871

About Company

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 market cap stands at INR (Rs. Cr.) 259,822, with the free float Market cap being INR 399.66M as of June 14 2022.

● The T.T.Q. or Total Traded Quantity of its stock is INR 2.53T as of June 14 2022.

● 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


Top Line

As of March 2022, Asian Paints' audited financial statements show total revenue of INR 25188.51 crores. It was INR 14445.36 crores in 2018, INR 16670.59 crores in 2019, INR 17551.63 crores in 2020, and INR 18883.18 crores in 2021

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

Asian Paint's sales Growth rose steadily in the past 3 years; it is currently 14.57%, the net profit growth rate in 2021 is 11.92%, and the growth in sales in the last four quarters is 42.49%. 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 ₹3221 As on 08 December, 2022 | 21:37

What is the Market Cap of Asian Paints ?

The Market Cap of Asian Paints is ₹309000.8 Cr As on 08 December, 2022 | 21:37

What is the P/E ratio of Asian Paints ?

The P/E ratio of Asian Paints is 84.3 As on 08 December, 2022 | 21:37

What is the PB ratio of Asian Paints ?

The PB ratio of Asian Paints is 21.8 As on 08 December, 2022 | 21:37

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