Asian Paints Share PriceAsian Paints

-8.85 (-0.32%)
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  • Hold
As on 01 April, 2023 | 06:37 BSE: 500820 NSE: ASIANPAINT

Asian Paints Performance

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52 Week Range

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Asian Paints Share Price

  • Over 1 Month -2.37%
  • Over 3 Month -10.57%
  • Over 6 Month -17.38%
  • Over 1 Year -10.33%

Asian Paints Key Statistics

P/E Ratio 71.2
PEG Ratio 3.1
Market Cap Cr 264,897
Price to Book Ratio 18.7
EPS 32.8
Dividend 0.7
Relative Strength Index 41.32
Money Flow Index 40.6
MACD Signal -3.27
Average True Range 52.59

Asian Paints Investment Rating

  • Master Rating:
  • Asian Paints has an operating revenue of Rs. 33,593.92 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 below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. It is currently FORMING a base in its weekly chart and is trading around 22% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 85 which is a GOOD score indicating consistency in earnings, a RS Rating of 44 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D+ which indicates heavy supply, Group Rank of 108 indicates it belongs to a poor industry group of Chemicals-Paints and a Master Score of C is fair but needs to improve. 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
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 7,4927,3167,5566,755
Operating Expenses Qtr Cr 6,0276,2296,1245,397
Operating Profit Qtr Cr 1,4951,1161,4631,363
Depreciation Qtr Cr 189189184181
Interest Qtr Cr 25242014
Tax Qtr Cr 357257355303
Net Profit Qtr Cr 1,0867631,017900

Asian Paints Technicals


Current Price
-8.85 (-0.32%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 16
  • 20 Day
  • 2808.36
  • 50 Day
  • 2842.12
  • 100 Day
  • 2919.33
  • 200 Day
  • 2994.89
  • 20 Day
  • 2821.72
  • 50 Day
  • 2800.43
  • 100 Day
  • 2940.86
  • 200 Day
  • 3059.49

Asian Paints Resistance and Support

First Resistance 2791.17
Second Resistance 2811.84
Third Resistance 2829.92
RSI 41.32
MFI 40.6
MACD Single Line -3.27
MACD -10.64
First Resistance 2752.42
Second Resistance 2734.34
Third Resistance 2713.67

Asian Paints Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,993,906 143,920,135 72.18
Week 988,812 65,884,510 66.63
1 Month 1,041,281 57,010,110 54.75
6 Month 1,097,023 59,743,890 54.46

Asian Paints Result Highlights

Asian Paints Synopsis


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 264,897
Sales 29,212
Shares in Float 45.08
No of funds 1190
Yield 0.72
Book Value 19.86
U/D Vol ratio 0.7
LTDebt / Equity
Alpha -0.02
Beta 0.63

Asian Paints

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 52.63%52.63%52.63%
Mutual Funds 3.67%3.7%3.52%
Insurance Companies 4.54%4.2%4.06%
Foreign Portfolio Investors 18.11%18.56%18.51%
Financial Institutions/ Banks 0.07%0.07%
Individual Investors 12.82%12.69%13.04%
Others 8.23%8.15%8.17%

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


Other Analyst Rating

Asian Paints MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 149113
SBI S&P BSE Sensex ETF 84390
HDFC Balanced Advantage Fund Growth 51042
UTI Nifty 50 Exchange Traded Fund 37282
Axis Bluechip Fund Growth 33050

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.


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:


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 ₹2761 As on 01 April, 2023 | 06:23

What is the Market Cap of Asian Paints ?

The Market Cap of Asian Paints is ₹264896.9 Cr As on 01 April, 2023 | 06:23

What is the P/E ratio of Asian Paints ?

The P/E ratio of Asian Paints is 71.2 As on 01 April, 2023 | 06:23

What is the PB ratio of Asian Paints ?

The PB ratio of Asian Paints is 18.7 As on 01 April, 2023 | 06:23

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?

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