Asian Paints Ltd.

NSE: ASIANPAINT  SECTOR: Paints

2571.95
-93.85 (-3.52%)

Price Summary

Today's High

₹ 2645.8

Today's Low

₹ 2567

52 Week High

₹ 2871.4

52 Week Low

₹ 1482.85

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

246700.87559905 Cr.

Enterprise Value

246349.21559905 Cr.

No. of Shares

95.919779 Cr.

P/E

91.88

P/B

21.38

Face Value

₹ 1

Div. Yield

0.47%

Book Value (TTM)

₹  120.3066

CASH

376.06 Cr.

DEBT

24.4 Cr.

Promoter Holding

52.79%

EPS (TTM)

₹  27.9921

Sales Growth

4.89458740905504%

ROE

29.0108628817381 %

ROCE

38.1040680326944 %

Profit Growth

13.3305372498594 %

* 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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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 (in Cr.)

1 Year4.89%
3 Year10.56%
5 Year8.1%

Profit Growth (in Cr.)

1 Year24.47%
3 Year13.78%
5 Year14.86%

ROE%

1 Year29.01%
3 Year26.69%
5 Year27.94%

ROCE %

1 Year38.1%
3 Year38.6%
5 Year40.84%

Debt/Equity

0.0026

Price to Cash Flow

102.47

Interest Cover Ratio

43.4876135939251

CFO/PAT (5 Yr. Avg.)

1.03318337974699

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2020 52.79 10.67
Sep 2020 52.79 11.86
Jun 2020 52.79 11.7
Mar 2020 52.79 11.87
Dec 2019 52.79 12.53
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 26.6939488182822% over the past 3 years.
  • Company has been maintaining healthy ROCE of 38.5960417647307% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 43.4876135939251.
  • The company has an efficient Cash Conversion Cycle of 20.1941854984408 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.03318337974699.

 Limitations

  • The company has shown a poor revenue growth of 10.5603199803326% for the Past 3 years.
  • The company is trading at a high PE of 91.88.
  • The company is trading at a high EV/EBITDA of 56.2513.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 4656.88 3879.01 2446.56 4526.71 5872.81
Total Expenditure 3538.97 3103.18 1979.57 3377.11 4218.63
Operating Profit 1117.91 775.83 466.99 1149.6 1654.18
Other Income 92.78 65.12 51.83 94.48 121.41
Interest 19.55 19.34 14.94 15.33 16.78
Depreciation 173.72 172.15 166.91 168.65 169
Exceptional Items 0 -33.2 0 0 0
Profit Before Tax 1017.42 616.26 336.97 1060.1 1589.81
Tax 258.53 164.17 85.09 267 401.88
Profit After Tax 758.89 452.09 251.88 793.1 1187.93
Adjusted EPS (Rs) 0.79 0.47 0.26 0.83 1.24

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 11830.33 12722.76 14153.71 16391.78 17194.09
Total Expenditure 9349.8 10048.48 11230.45 12884.84 13335.1
Operating Profit 2480.53 2674.28 2923.26 3506.94 3858.99
Other Income 249.43 300.17 277.5 284.81 357.54
Interest 27 22.3 23.82 80.73 80.33
Depreciation 234.51 295.43 311.11 540.77 689.97
Exceptional Items -65.35 0 0 0 -33.2
Profit Before Tax 2403.1 2656.72 2865.83 3170.25 3413.03
Tax 780.29 855 971.03 1038.08 759.08
Net Profit 1622.81 1801.72 1894.8 2132.17 2653.95
Adjusted EPS (Rs.) 16.92 18.78 19.75 22.23 27.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 95.92 95.92 95.92 95.92 95.92
Total Reserves 5829.81 6998.83 7702.24 8747.04 9357.37
Borrowings 29.27 10.38 9.87 10.89 18.5
Other N/C liabilities 314.9 376.97 380.94 987.63 920.78
Current liabilities 2455.05 2875.93 3398.96 3841.41 3195.05
Total Liabilities 8724.95 10358.03 11587.93 13682.89 13587.62
Assets
Net Block 2628.99 2604.68 2568.53 5221.2 4960.86
Capital WIP 92.79 219.76 1391.84 179.31 108.09
Investments 1319.64 1598.2 1547.33 1817.37 2225.58
Loans & Advances 111.23 307.14 434.39 190.96 234.92
Other N/C Assets 30.54 198.05 144.75 220.7 232.47
Current Assets 4541.76 5430.2 5501.09 6053.35 5825.7
Total Assets 8724.95 10358.03 11587.93 13682.89 13587.62
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 2403.1 2656.72 2865.83 3170.25 3413.03
Adjustment 173.55 152.5 215.66 473.37 702.99
Working Capital Changes 163.98 -545.75 40.34 -334.53 -775.2
Tax Paid -760.96 -843.43 -985.74 -913.84 -933.35
Operating Cash Flow 1979.67 1420.04 2136.09 2395.25 2407.47
Investing Cash Flow -862.78 -584.8 -1370.96 -832.8 -774.65
Financing Cash Flow -704.25 -955.99 -1239.05 -1089.16 -2095.25
Net Cash Flow 412.64 -120.75 -473.92 473.29 -462.43

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

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 91.8812807899372 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 19.4638824136402 % 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 1.823351747234 .

  • 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 29.0108628817381 % .(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 0.0026 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 7.35650532002358 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 4.89458740905504 % 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 19.3833380213775 %.

  • 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 12 and the yield is 0.4666 %.

Brief about Asian Paints

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