Asian Paints Ltd.

NSE: ASIANPAINT BSE: 500820 SECTOR: Paints

3028.65
-32.55 (-1.06%)
NSE: Today, 03:58 PM

Price Summary

Today's High

₹ 3081.5

Today's Low

₹ 3021.3

52 Week High

₹ 3179.5

52 Week Low

₹ 1697.5

FinStar

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

290507.44 Cr.

Enterprise Value

290394.73 Cr.

No. of Shares

95.92 Cr.

P/E

85.53

P/B

22.9

Face Value

₹ 1

Div. Yield

0.58%

Book Value (TTM)

₹  132.27

CASH

134.91 Cr.

DEBT

22.2 Cr.

Promoter Holding

52.79%

EPS (TTM)

₹  35.41

Sales Growth

7.69%

ROE

28.34 %

ROCE

38.55 %

Profit Growth

15.02 %

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

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Brands

Nilaya SmartCare TAUBMANS apco scib paints CAUSEWAY KADISCO royale apcolite TRACTOR SPARC TRACTOR EMULSION TRACTOR SPARK ACE APEX ULTIMA WOODTECH APEX ULTIMA PROTEK DURALIFE

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* 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.

 Group Companies

Ratios

Sales Growth

1 Year7.69%
3 Year9.37%
5 Year9.37%

Profit Growth

1 Year15.02%
3 Year17.23%
5 Year13.47%

ROE%

1 Year28.34%
3 Year27.66%
5 Year27.22%

ROCE %

1 Year38.55%
3 Year38.55%
5 Year39.05%

Debt/Equity

0.0018

Price to Cash Flow

83.97

Interest Cover Ratio

58.0803795701926

CFO/PAT (5 Yr. Avg.)

1.05971313767051

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 52.79 9.03
Mar 2021 52.79 9.44
Dec 2020 52.79 10.67
Sep 2020 52.79 11.86
Jun 2020 52.79 11.7
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 17.2279687204879% for the Past 3 years.
  • Company has been maintaining healthy ROE of 27.6577057808587% over the past 3 years.
  • Company has been maintaining healthy ROCE of 38.5485819745403% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 58.0803795701926.
  • The company has an efficient Cash Conversion Cycle of 16.1962293258913 days.
  • Company has a healthy liquidity position with current ratio of 2.1761359289931.
  • The company has a good cash flow management; CFO/PAT stands at 1.05971313767051.

 Limitations

  • The company has shown a poor revenue growth of 9.37020261883219% for the Past 3 years.
  • The company is trading at a high PE of 85.53.
  • The company is trading at a high EV/EBITDA of 55.1238.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 2446.56 4526.71 5872.81 5670.78 4785.91
Total Expenditure 1979.57 3377.11 4218.63 4448.36 3903.87
Operating Profit 466.99 1149.6 1654.18 1222.42 882.04
Other Income 51.83 94.48 121.41 98.6 105.61
Interest 14.94 15.33 16.78 24.61 16.41
Depreciation 166.91 168.65 169 192.91 176.38
Exceptional Items 0 0 0 0 0
Profit Before Tax 336.97 1060.1 1589.81 1103.5 794.86
Tax 85.09 267 401.88 283.9 198.8
Profit After Tax 251.88 793.1 1187.93 819.6 596.06
Adjusted EPS (Rs) 2.63 8.27 12.38 8.54 6.21

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 12722.76 14153.71 16391.78 17194.09 18516.86
Total Expenditure 10048.48 11230.45 12884.84 13337.05 14023.67
Operating Profit 2674.28 2923.26 3506.94 3857.04 4493.19
Other Income 300.17 277.5 284.81 357.54 366.32
Interest 22.3 23.82 80.73 78.38 71.66
Depreciation 295.43 311.11 540.77 689.97 697.47
Exceptional Items 0 0 0 -33.2 0
Profit Before Tax 2656.72 2865.83 3170.25 3413.03 4090.38
Tax 855 971.03 1038.08 759.08 1037.87
Net Profit 1801.72 1894.8 2132.17 2653.95 3052.51
Adjusted EPS (Rs.) 18.78 19.75 22.23 27.67 31.82

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 95.92 95.92 95.92 95.92 95.92
Total Reserves 6998.83 7702.24 8747.04 9357.37 11995.18
Borrowings 10.38 9.87 10.89 18.5 14.31
Other N/C liabilities 376.97 380.94 987.63 920.78 901.93
Current liabilities 2875.93 3398.96 3841.41 3195.05 4575.33
Total Liabilities 10358.03 11587.93 13682.89 13587.62 17582.67
Assets
Net Block 2604.68 2568.53 5221.2 4960.86 4602.61
Capital WIP 219.76 1391.84 179.31 108.09 110.11
Intangible WIP 0 0 0 0 0
Investments 1598.2 1547.33 1817.37 2225.58 2161.94
Loans & Advances 307.14 434.39 190.96 234.92 229.84
Other N/C Assets 198.05 144.75 220.7 232.47 521.63
Current Assets 5430.2 5501.09 6053.35 5825.7 9956.54
Total Assets 10358.03 11587.93 13682.89 13587.62 17582.67
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 2656.72 2865.83 3170.25 3413.03 4090.38
Adjustment 152.5 215.66 473.37 702.99 608.56
Changes in Assets & Liabilities -545.75 40.34 -334.53 -369.6 -224.45
Tax Paid -843.43 -985.74 -913.84 -933.35 -1014.99
Operating Cash Flow 1420.04 2136.09 2395.25 2813.07 3459.5
Investing Cash Flow -583.55 -1370.96 -832.8 -774.65 -436.95
Financing Cash Flow -955.99 -1239.05 -1089.16 -2500.85 -582.9
Net Cash Flow -119.5 -473.92 473.29 -462.43 2439.65

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 52.79 52.79 52.79 52.79 52.79
aashay ashish choksi 0.01 0.01 0.01 0.01 0.01
abhay arvind vakil 2.43 2.43 2.43 2.43 2.43
abhay arvind vakil karta ... 0.22 0.22 0.22 0.22 0.22
abhay arvind vakil karta ... 0.32 0.32 0.32 0.32 0.32
amar arvind vakil 1.14 1.14 1.14 1.14 1.14
amar arvind vakil karta f... 0.22 0.22 0.22 0.22 0.22
ami manish choksi 0.05 0.05 0.05 0.05 0.05
amrita amar vakil 0.27 0.27 0.27 0.27 0.27
anay rupen choksi 0.01 0.01 0.01 0.01 0.01
asha subhash gujarathi 0.15 0.15 0.15 0.15 0.15
ashish ashwin choksi 0.09 0.09 0.09 0.09 0.09
ashwin ramanlal gandhi 0.45 0.01 0.01 0.01 0.01
ashwin suryakant dani 0.12 0.12 0.12 0.12 0.12
ashwin suryakant dani kar... 0.09 0.09 0.09 0.09 0.09
asteroids trading and inv... 1.13 1.13 1.13 1.13 1.13
bhairavi abhay vakil 0.23 0.23 0.23 0.23 0.23
binita ashish choksi 0.01 0.01 0.01 0.01 0
castle investment & indus... 1.61 1.61 1.61 1.61 1.61
centaurus trading and inv... 0.77 0.77 0.77 0 0
dipika amar vakil 0.21 0.21 0.21 0.21 0.21
doli trading and investme... 0.98 0.98 0.98 0.98 0.98
druhi ashish choksi 0.01 0.01 0.01 0.01 0.01
elcid investments limited... 2.95 2.95 2.95 2.95 2.95
elf trading & chemicals m... 0.22 0.22 0.22 0.22 0.22
geetanjali trading and in... 4.77 4.77 4.77 4.77 4.77
gujarat organics ltd 2.41 2.41 2.41 0 0
hasit ashwin dani 0.38 0.38 0.33 0 0
hasit ashwin dani karta f... 0.01 0.01 0.01 0.01 0.01
hiren ashwin gandhi 0.17 0.39 0.39 0.39 0.39
hiren holdings private li... 0.43 0.43 0.43 0.43 0.43
ina ashwin dani 0.05 0.05 0.05 0.05 0.05
ishwara hasit dani 0.04 0.04 0.04 0.04 0.04
jalaj ashwin dani 0.17 0.17 0.17 0 0
jalaj trading & investmen... 1.12 1.12 1.12 1.12 1.12
jaldhar investments and t... 1.3 1.3 1.3 0 0
jigish shailesh choksi 0.21 0.21 0.21 0.21 0.21
lambodar investments and ... 0.63 0.63 0.63 0.63 0.63
lyon investment & industr... 1.5 1.5 1.5 1.5 1.5
mahendra chimanlal choksi... 0.17 0.17 0.17 0.17 0.17
mahendra chimanlal choksi... 0.06 0.06 0.06 0.06 0.06
malav ashwin dani 0.34 0.34 0.34 0 0
manish mahendra choksi 0.25 0.25 0.25 0.25 0.25
meghna satyen gandhi 0.01 0.01 0.01 0.01 0.01
mudit jalaj dani 0.02 0.02 0.02 0.02 0.02
murahar investments and t... 0.6 0.6 0.6 0.6 0.6
nehal abhay vakil 0.25 0.25 0.25 0.25 0.25
nehal trading and investm... 1.16 1.16 1.16 1.16 1.16
nysha rupen choksi 0.01 0.01 0.01 0.01 0.01
prafullika shailesh choks... 0.22 0.22 0.22 0.22 0.22
rayirth holding and tradi... 0.1 0.1 0.1 0 0
rhea manish choksi 0.07 0.07 0.07 0.07 0.07
richa manish choksi 0.02 0.02 0.02 0.02 0.02
rita mahendra choksi 0.1 0.1 0.1 0.1 0.1
rupal anant bhat 0.2 0.2 0.2 0.2 0.2
rupen ashwin choksi 0.1 0.1 0.1 0.1 0
rupen investment & indust... 1.97 1.97 1.97 1.97 1.97
satyadharma investments a... 1.91 1.91 1.91 0 0
satyen ashwin gandhi 0.17 0.39 0.39 0.39 0.39
shailesh chimanlal choksi... 0.27 0.27 0.27 0.27 0.27
shailesh chimanlal choksi... 0.18 0.18 0.18 0.18 0.18
shubhlakshmi hasit dani 0.01 0.01 0.01 0.01 0.01
smiti holding and trading... 5.72 5.72 5.77 5.77 5.77
smiti jalaj dani 0.01 0.01 0.01 0.01 0.01
sudhanava investments and... 1.98 1.98 1.98 0 0
suptaswar investments and... 0.68 0.68 0.68 0 0
tru trading and investmen... 1.27 1.27 1.27 1.27 1.27
unnati trading and invest... 1.09 1.09 1.09 1.09 1.09
urvashi ashwin choksi 0.09 0.09 0.09 0 0
vaibhavi hiren gandhi 0.01 0.01 0.01 0.01 0.01
varun amar vakil 0.23 0.23 0.23 0.23 0.23
vikatmev containers ltd 0.01 0.01 0.01 0.01 0.01
vishal shailesh choksi 0.31 0.31 0.31 0.31 0.31
vita j dani 0.05 0.05 0.05 0 0
vivek abhay vakil. 0.33 0.33 0.33 0.33 0
sattva holding and tradin... 5.88 5.88 5.88 5.88 5.88
acc ap trust 0.08 0.08 0.08 0.08 0.08
aashay ashish choksi 0.01 0.01 0.01 0.01 0.01
abhay arvind vakil 2.43 2.43 2.43 2.43 2.43
amar arvind vakil 1.14 1.14 1.14 1.14 1.14
ami manish choksi 0.05 0.05 0.05 0.05 0.05
amrita amar vakil 0.27 0.27 0.27 0.27 0.27
anay rupen choksi 0.01 0.01 0.01 0.01 0.01
asha subhash gujarathi 0.15 0.15 0.15 0.15 0.15
ashish ashwin choksi 0.09 0.09 0.09 0.09 0.09
ashwin ramanlal gandhi 0.45 0.01 0.01 0.01 0.01
ashwin suryakant dani 0.12 0.12 0.12 0.12 0.12
asteroids trading and inv... 1.13 1.13 1.13 1.13 1.13
bhairavi abhay vakil 0.23 0.23 0.23 0.23 0.23
binita ashish choksi 0.01 0.01 0.01 0.01 0
castle investment & indus... 1.61 1.61 1.61 1.61 1.61
centaurus trading and inv... 0 0 0 0.77 0.77
dipika amar vakil 0.21 0.21 0.21 0.21 0.21
doli trading and investme... 0.98 0.98 0.98 0.98 0.98
druhi ashish choksi 0.01 0.01 0.01 0.01 0.01
elcid investments limited... 2.95 2.95 2.95 2.95 2.95
elf trading & chemicals m... 0.22 0.22 0.22 0.22 0.22
geetanjali trading and in... 4.77 4.77 4.77 4.77 4.77
gujarat organics ltd. 0 0 0 2.41 2.41
hasit a dani 0 0 0 0.33 0.33
hiren ashwin gandhi 0.17 0.39 0.39 0.39 0.39
hiren holdings private li... 0.43 0.43 0.43 0.43 0.43
ina ashwin dani 0.05 0.05 0.05 0.05 0.05
ishwara hasit dani 0.04 0.04 0.04 0.04 0.04
jalaj a dani 0 0 0 0.17 0.17
jalaj trading & investmen... 1.12 1.12 1.12 1.12 1.12
jaldhar investments and t... 0 0 0 1.3 1.3
jigish shailesh choksi 0.21 0.21 0.21 0.21 0.21
lambodar investments and ... 0.63 0.63 0.63 0.63 0.63
lyon investment & industr... 1.5 1.5 1.5 1.5 1.5
mahendra chimanlal choksi... 0.17 0.17 0.17 0.17 0.17
malav a dani 0 0 0 0.34 0.34
manish mahendra choksi 0.25 0.25 0.25 0.25 0.25
meghna satyen gandhi 0.01 0.01 0.01 0.01 0.01
mudit jalaj dani 0.02 0.02 0.02 0.02 0.02
murahar investments and t... 0.6 0.6 0.6 0.6 0.6
nehal abhay vakil 0.25 0.25 0.25 0.25 0.25
nehal trading and investm... 1.16 1.16 1.16 1.16 1.16
nysha rupen choksi 0.01 0.01 0.01 0.01 0.01
prafullika shailesh choks... 0.22 0.22 0.22 0.22 0.22
rayirth holding and tradi... 0 0 0 0.1 0.1
rhea manish choksi 0.07 0.07 0.07 0.07 0.07
richa manish choksi 0.02 0.02 0.02 0.02 0.02
rita mahendra choksi 0.1 0.1 0.1 0.1 0.1
rupal anant bhat 0.2 0.2 0.2 0.2 0.2
rupen ashwin choksi 0.1 0.1 0.1 0.1 0
rupen investment & indust... 1.97 1.97 1.97 1.97 1.97
sattva holding and tradin... 5.88 5.88 5.88 5.88 5.88
satyadharma investments a... 0 0 0 1.91 1.91
satyen ashwin gandhi 0.17 0.39 0.39 0.39 0.39
shailesh chimanlal choksi... 0.27 0.27 0.27 0.27 0.27
shubhlakshmi hasit dani 0.01 0.01 0.01 0.01 0.01
smiti holding and trading... 5.72 5.72 5.77 5.77 5.77
smiti jalaj dani 0.01 0.01 0.01 0.01 0.01
sudhanava investments and... 0 0 0 1.98 1.98
suptaswar investments and... 0 0 0 0.68 0.68
tru trading and investmen... 1.27 1.27 1.27 1.27 1.27
unnati trading and invest... 1.09 1.09 1.09 1.09 1.09
urvashi ashwin choksi 0 0 0 0.09 0.09
vaibhavi hiren gandhi 0.01 0.01 0.01 0.01 0.01
varun amar vakil 0.23 0.23 0.23 0.23 0.23
vikatmev containers ltd 0.01 0.01 0.01 0.01 0.01
vishal shailesh choksi 0.31 0.31 0.31 0.31 0.31
vita jalaj dani 0 0 0 0.05 0.05
vivek abhay vakil. 0.33 0.33 0.33 0.33 0
binita ashish choksi 0 0 0 0 0.01
rupen ashwin choksi 0 0 0 0 0.1
vivek abhay vakil 0 0 0 0 0.33
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 19.96 19.16 18.98 19.48 19.18
teesta retail private lim... 4.9 4.9 4.9 4.9 4.9
iepf 0.09 0.1 0.1 0.1 0.1
teesta retail private lim... 4.9 4.9 4.9 4.9 4.9
llp 0.05 0.06 0.05 0.06 0.06
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 27.08 27.96 28.15 27.57 27.98
life insurance corporatio... 2.8 2.38 1.96 1.95 2.33
sbi - etf sensex 1.09 1.11 1.08 0 0
life insurance corporatio... 2.8 2.38 1.96 1.95 2.33
life insurance corporatio... 2.8 2.38 1.96 1.95 2.33
sbi-etf nifty 50 0 0 0 1.08 1.12

Ratings & Research Reports

Company Presentations

Company News

Asian Paints Informs about investor call transcript22 Jul 2021, 12:30PM Asian Paints reports above 2- fold jump in Q1 consolidated net profit20 Jul 2021, 3:55PM Asian Paints informs about transcript of 75th AGM9 Jul 2021, 10:12AM Asian Paints informs about appointment of director23 Jun 2021, 2:58PM Asian Paints informs about disclosure17 Jun 2021, 2:12PM Asian Paints informs about loss of share certificate11 Jun 2021, 12:35PM Asian Paints informs about analyst meet 10 Jun 2021, 4:16PM Asian Paints informs about disclosure of related party transactions9 Jun 2021, 10:49AM Asian Paints expects uncertainty in demand in home improvement categories7 Jun 2021, 2:59PM Asian Paints informs about newspaper publication5 Jun 2021, 3:59PM Asian Paints informs about 75th AGM5 Jun 2021, 10:03AM Asian Paints informs about disclosure3 Jun 2021, 2:31PM Asian Paints informs about annual secretarial compliance report19 May 2021, 10:37AM Asian Paints informs about loss of share certificate7 May 2021, 11:48AM Asian Paints informs about compliance certificate20 Apr 2021, 10:07AM Asian Paints informs about issue of duplicate share certificate13 Apr 2021, 3:15PM Asian Paints forays into world of furnishing9 Apr 2021, 2:40PM Asian Paints unveils 'Cherish' as Colour of the Year for 202131 Mar 2021, 12:35PM Asian Paints informs about loss of share certificate19 Mar 2021, 4:41PM Asian Paints returns with its showcase web-series 'Where The Heart Is' Season 45 Mar 2021, 2:35PM Asian Paints informs about disclosure4 Mar 2021, 3:10PM Asian Paints informs about participation in investor call20 Feb 2021, 3:20PM Asian Paints brings Lamination Wala Ultima Protek in its latest TVC20 Feb 2021, 12:17PM Asian Paints reports 62% rise in Q3 consolidated net profit21 Jan 2021, 3:57PM Asian Paints plans to end all dispute at Mysuru paint plant18 Jan 2021, 1:16PM Asian Paints informs about disclosure31 Oct 2020, 12:22PM Asian Paints informs about outcome of board meeting22 Oct 2020, 4:10PM Asian Paints launches range of furniture, furnishings, lighting products23 Sep 2020, 2:23PM Asian Paints informs about disclosure19 Sep 2020, 4:25PM Asian Paints’ manufacturing facilities working at up to 70% capacities due to pandemic4 Aug 2020, 12:36PM Asian Paints reports 67% fall in Q1 consolidated net profit25 Jul 2020, 10:42AM Asian Paints informs about outcome of board meeting24 Jul 2020, 3:44PM Asian Paints, St+art India Foundation completes project to salute Mumbai’s frontline workers2 Jul 2020, 2:59PM Asian Paints reports 2% fall in Q4 consolidated net profit24 Jun 2020, 11:23AM Asian Paints forays into Hand & Surface Sanitizer category 2 May 2020, 10:07AM Asian Paints brings back ad film 'Har Ghar Chup Chap Se Kehta Hai'3 Apr 2020, 11:46AM

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 86.2706781355367 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 19.5860224592072 % 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 2.1761359289931 .

  • 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 28.3369359726592 % .(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 0.0018 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 7.27154204916601 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 7.69316666366175 % which is poor 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 24.2653992091532 %.

  • 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 17.85 and the yield is 0.5842 %.

Brief about Asian Paints

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