Asian Paints Ltd.

SECTOR: Paints

1633
₹ -83.3 (-4.85%)
Today's High: 1727 Today's Low : 1626.6
52 Week High: 1915.90 52 Week Low : 1291.45
 FinStar
FinStar Indicates the overall health and quality of a stock based on Finology Research.
Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.

 Company Essentials

Market Cap

156636.999107 Cr.

P/E

58.41

P/B

15.39

Face Value

₹1

Div. Yield

0.67%

Book Value (TTM)

106.1395

Enterprise Value

156484.719107 Cr.

CASH

167.52 Cr.

DEBT

15.24 Cr.

Promoter Holding

52.79%

EPS (TTM)

27.9561

Sales Growth

15.81 %

ROE

25.59 %

ROCE

38.38 %

Profit Growth

12.66 %

No. of Shares

95.919779 Cr.

Add your own Ratio
* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

 Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

 Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

 Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Sales Growth

1 Year15.81%
3 Year11.48%
5 Year9.49%

 Profit Growth

1 Year12.66%
3 Year9.57%
5 Year12.8%

 ROE

1 Year25.59%
3 Year26.24%
5 Year28.92%

 ROCE

1 Year38.38%
3 Year39.32%
5 Year43.02%

 Debt Equity

0

 Price to Cash Flow

71.72

  Interest Cover Ratio

99.77

 CFO/PAT (5 Yr Avg.)

1.00396588148197

 Share Holding Pattern

 Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 52.79 11.87
Dec 2019 52.79 12.53
Sep 2019 52.79 11.88
Jun 2019 52.79 11.95
Mar 2019 52.79 11.98
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 26.24% over the past 3 years.
  • Company has been maintaining healthy ROCE of 39.3233333333333% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 99.77.
  • The company has an efficient Cash Conversion Cycle of 14.6 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.02301639344262.

 Limitations

  • The company has shown a poor profit growth of 9.57036789505936% for the Past 3 years.
  • The company has shown a poor revenue growth of 11.4848191270156% for the Past 3 years.
  • The company is trading at a high PE of 67.03.
  • The company is trading at a high EV/EBITDA of 39.83.

 Quarterly Result (All Figures are in Crores.)

Particulars Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Net Sales 4536.05 4235.32 4380.16 4278.04 4656.88
Other Income 70.42 71.97 85.5 114.14 92.78
Total Expenditure 3499.03 3465.29 3290.31 3404.59 3538.97
Operating Profit 1107.44 842 1175.35 987.59 1210.69
Interest 21.52 9.92 19.25 20.24 19.55
Depreciation 144.49 117.23 169.79 174.31 173.72
Exceptional Items 0 0 0 0 0
Profit Before Tax 941.43 714.85 986.31 793.04 1017.42
Tax 309.65 235.17 333.86 2.52 258.53
Profit After Tax 631.78 479.68 652.45 790.52 758.89

 Profit & Loss (All Figures are in Crores except Adjusted EPS in Rs.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Net Sales 11649 11830 12723 14154 16392
Other Income 187 249 300 278 279
Total Expenditure 9634 9350 10048 11230 13082
Operating Profit 2201 2730 2974 3201 3589
Interest 31 27 22 24 32
Depreciation 223 235 295 311 382
Exceptional Items -14 -65 0 0 0
Profit Before Tax 1934 2403 2657 2866 3175
Tax 606 780 855 971 1040
Net Profit 1327 1623 1802 1895 2135
Adjusted EPS 14 17 19 20 22

 Balance Sheet (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity and Liabilities
Share Capital 95.92 95.92 95.92 95.92 95.92
Total Reserves 4134.34 5829.81 6998.83 7702.24 8791.64
Borrowings 32.09 29.27 10.38 9.87 10.89
Other N/C liabilities 253.03 314.9 376.97 380.94 537.73
Current liabilities 2758.5 2455.05 2875.93 3398.96 3716.19
Total Liabilities 7273.88 8724.95 10358.03 11587.93 13152.37
Assets
Net Block 1965.49 2628.99 2604.68 2568.53 4670.54
Capital WIP 139.54 92.79 219.76 1391.84 179.31
Investments 790.72 1319.64 1598.2 1547.33 1817.37
Loans & Advances 209.54 111.23 307.14 434.39 211.1
Other N/C Assets 17.08 30.54 198.05 144.75 220.7
Current Assets 4151.51 4541.76 5430.2 5501.09 6053.35
Total Assets 7273.88 8724.95 10358.03 11587.93 13152.37
* Other Non-current Liabilities include Net deferred Liabilities

 Cash Flows (All Figures are in Crores.)

Particulars Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Profit Before Tax 1933.57 2403.1 2656.72 2865.83 3174.57
Adjustment 143.16 173.55 152.5 215.66 272.19
Working Capital Changes -343.98 163.98 -545.75 40.34 -348.78
Tax Paid -589.15 -760.96 -843.43 -985.74 -913.84
Operating Cash Flow 1143.6 1979.67 1420.04 2136.09 2184.14
Investing Cash Flow -292.27 -862.78 -584.8 -1370.96 -815.05
Financing Cash Flow -727.67 -704.25 -955.99 -1239.05 -895.8
Net Cash Flow 123.66 412.64 -120.75 -473.92 473.29

 Corporate Actions

 Ratings & Research Reports

 Company Presentations

 Asian Paints Stock Price Analysis and Quick Research Report

Is Asian Paints an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Asian Paints has a PE ratio of 67.0348137098079 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Asian Paints has ROA of 17.2573493449958 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Asian Paints has a Current ratio of 1.62891294578587 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Asian Paints has a ROE of 25.5878679493603 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Asian Paints has a D/E ratio of 0.00171475635607523 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Asian Paints has an Inventory turnover ratio of 7.88472414364977 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Asian Paints has reported revenue growth of 15.81 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Asian Paints for the current financial year is 17.6259720675032 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Asian Paints is Rs 10.5 and the yield is 0.6667 %.

X