Asian Paints Limited
Asian Paints Limited operates in Paints, part of the Consumer Durables sector. It booked ₹9,977 cr of revenue in its latest quarter (Q2 FY27) and kept 10.7% of sales as profit. It is the largest of 8 Paints companies we track, by market value.
| Segment | FY20 | FY21 | FY22 | Share |
|---|---|---|---|---|
| Paints | 19,779 | 21,206 | 28,350 | 98% → 97% |
| Home Improvement | 332 | 509 | 758 | 2% → 3% |
| Total | 20,111 | 21,714 | 29,108 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 59% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 5–45 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 60
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in ASIANPAINT?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹9,977 cr |
| Other Income | ₹248 cr |
| Total Income | ₹10,224 cr |
| Cost of Materials | ₹5,084 cr |
| Purchases of Stock-in-Trade | ₹1,112 cr |
| Inventory Change (±) | ₹-183 cr |
| Employee Benefit Expense | ₹776 cr |
| Finance Costs | ₹55 cr |
| Depreciation & Amortisation | ₹314 cr |
| Other Expenses | ₹1,631 cr |
| Total Expenses | ₹8,789 cr |
| Profit before Tax | ₹1,436 cr |
| Tax Expense | ₹392 cr |
| Share of JV / Associates | ₹42 cr |
| Net Profit | ₹1,085 cr |
| Net margin on total income | 10.6% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 9,247 cr | 10,542 cr | 9,977 cr |
| Total income | 9,418 cr | 10,783 cr | 10,224 cr |
| Expenses | 7,829 cr | 8,725 cr | 8,789 cr |
| Profit before tax | 1,589 cr | 2,058 cr | 1,436 cr |
| Tax | 429 cr | 536 cr | 392 cr |
| Net profit (owners' share) | 1,172 cr | 1,539 cr | 1,068 cr |
| Net margin (owners' share, on revenue) | 12.7% | 14.6% | 10.7% |
| EPS (₹) | 12.23 | 16.06 | 11.14 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Asian Paints Limitedthis company | ₹2,438 | ₹2.34 L cr | 54.7 | 19.6% | 10.7% | — |
| Berger Paints (I) Limited | ₹480 | ₹55,933 cr | 34.6 | 23.4% | 11.3% | — |
| Kansai Nerolac Paints Limited | ₹187 | ₹15,132 cr | 16.4 | 13.8% | 9.8% | — |
| JSW Dulux Limited | ₹2,995 | ₹13,638 cr | 42.8 | 13.0% | 8.3% | — |
| Indigo Paints Limited | ₹866 | ₹4,132 cr | 77.3 | 4.5% | 3.7% | — |
| Sirca Paints India Limited | ₹409 | ₹2,322 cr | 35.9 | 13.6% | 12.5% | — |
| Shalimar Paints Limited | ₹80 | ₹673 cr | — | -65.2% | -28.1% | — |
| Kamdhenu Ventures Limited | ₹4 | ₹125 cr | — | -3.6% | -2.6% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹23 / share | 23 Jun 2026 |
| Dividend | ₹4.5 / share | 18 Nov 2025 |
| Dividend | ₹20.55 / share | 10 Jun 2025 |
| Dividend | ₹4.25 / share | 19 Nov 2024 |
| Dividend | ₹28.15 / share | 11 Jun 2024 |
| Dividend | ₹5.15 / share | 3 Nov 2023 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 33 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.