Asian Paints Share Price

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.