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Asian Paints Ltd.
ASIANPAINTLarge CapNSEBSE
Consumer Discretionary · Consumer Durables
₹2,653.60up 44.90up 1.72 percentas of 31 Aug 2026
Book value ₹226.80Div yield 1.04%
Key metrics
- Market Cap
- 2,47,175.67 ₹ cr
- P/E
- 57.83 x
- P/B
- 11.70 x
- ROE
- 9.47%
- ROCE
- 9.41%
- Debt to Equity
- 0.63 x
- Net Margin
- 9.66%
- Dividend Yield
- 1.04%
- Revenue Growth (YoY)
- 17.94%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in 1 of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 52.6% (pledge data not available).
- Debt-to-equity 0.63 — above the Consumer Durables median of 0.37.
ASIANPAINT
₹2,653.60up 1.72 percent
EOD Synced: 31 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatHigh ROCE Compounder
21.08%ROCE
ROE: 20.24%·P/B: 11.70x
2. Forensic Health & SolvencyPiotroski 7/9 · Strong Health
7/9Piotroski Score
Altman: 6.9 (Safe Zone)
3. Valuation & DCF Spread-67.2% Valuation Premium
₹870DCF Fair Value
CMP: ₹2,653.6
4. Ownership & GovernanceClean Promoter Holding
52.63%Promoter Stake
Pledged: 0.0%·Inst: 23.41%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #46 of 54 in Consumer DiscretionaryQVGM 34/100
Quality (Q)38
ROE, ROCE, Margins & Cash Conversion
Value (V)28
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)20
3Y Sales & EPS Compounded Growth
Momentum (M)52
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #46 of 54 in Consumer Discretionary
Valuation
Weak28/100
P/E Ratio:57.83x
P/B Ratio:11.70x
Dividend Yield:1.04%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak20/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Weak38/100
ROE:20.2%
ROCE:21.1%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Strong78/100
Piotroski F-Score:7/9
Altman Z-Score:6.91
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate52/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹2,121.30
From 52W High-10.61%
52-Week High₹2,968.50
Valuation MultiplesCash Flow & Yield
PEG Ratio23.93
Earnings Yield4.82%
Price / FCF—
FCF Yield-1.94%
Payout Ratio21.51%
Net-Net Ratio-72.04
Solvency & SafetyPiotroski & Altman
Piotroski F-Score7/9
Altman Z-Score6.91
Graham Number₹807.73
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +1.21%
DII Stake:▼ 1.33%
OPM Margin:▲ +1.42%
Net Margin:▲ +1.34%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +14.01% | ▲ +17.94% | 4.95% | 1.05% | 10.38% |
| Net Profit Growth | ▲ +31.32% | ▲ +39.96% | 17.95% | 1.75% | 6.62% |
| EPS Growth | ▲ +31.34% | ▲ +39.93% | 13.01% | 2.42% | 7.29% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — ASIANPAINT
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹891.8
Verdict:Overvalued (-66.4%)
Benjamin Graham Number
₹481.9
-81.8% vs CMPPeter Lynch Fair Value
₹231.5
-91.3% vs CMPReverse DCF Implied Growth
37.4% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹2,653.6
₹0 (Distress)CMP: ₹2,654DCF: ₹892Graham: ₹482
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹5,937 | 0.8969 | ₹5,325 |
| Year 2 | 6% | ₹6,293 | 0.8044 | ₹5,062 |
| Year 3 | 6% | ₹6,671 | 0.7214 | ₹4,812 |
| Year 4 | 6% | ₹7,071 | 0.6470 | ₹4,575 |
| Year 5 | 6% | ₹7,495 | 0.5803 | ₹4,349 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹939 -65% | ₹1066 -60% | ₹1147 -57% | ₹1244 -53% | ₹1511 -43% |
| 11.0% | ₹815 -69% | ₹907 -66% | ₹964 -64% | ₹1030 -61% | ₹1202 -55% |
| 11.5% | ₹764 -71% | ₹844 -68% | ₹892 -66% | ₹947 -64% | ₹1089 -59% |
| 12.0% | ₹719 -73% | ₹788 -70% | ₹829 -69% | ₹877 -67% | ₹995 -62% |
| 13.0% | ₹642 -76% | ₹695 -74% | ₹727 -73% | ₹762 -71% | ₹848 -68% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E57.83current
ReportedComputed, approximate
P/B11.70current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 57.83 | 11.70 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.57 / 5)
Strong Buy:5
Buy:13
Hold:10
Sell:6
Strong Sell:1
Coverage: 35 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Moderate risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:23.72%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +13.02%
Mean Target₹2,999.00vs CMP ₹2,653.60
High Target₹3,827.00+44.2% max upside
Low Target₹1,860.00-29.9% downside
Median Target₹3,009.0035 estimates
Low: ₹1,860.00Mean: ₹2,999.00High: ₹3,827.00
Mean Target Current Price (₹2,653.60)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹13.10
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹16.17
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹12.57
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹15.10
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹12.20
Low:—
High:—
FY2025E7 Analysts
Mean Estimate
₹9.12
Low:—
High:—
FY2025E6 Analysts
Mean Estimate
₹11.58
Low:—
High:—
FY2025E7 Analysts
Mean Estimate
₹9.13
Low:—
High:—
FY2026E5 Analysts
Mean Estimate
₹11.47
Low:—
High:—
FY2026E7 Analysts
Mean Estimate
₹10.36
Low:—
High:—
FY2026E4 Analysts
Mean Estimate
₹12.69
Low:—
High:—
FY2026E5 Analysts
Mean Estimate
₹12.22
Low:—
High:—
FY2027E4 Analysts
Mean Estimate
₹13.57
Low:₹12.00
High:₹14.00
FY2027E7 Analysts
Mean Estimate
₹16.25
Low:—
High:—
FY2027E4 Analysts
Mean Estimate
₹12.69
Low:₹12.00
High:₹13.00
FY2027E4 Analysts
Mean Estimate
₹12.60
Low:₹11.00
High:₹13.00
FY2028E1 Analysts
Mean Estimate
₹16.16
Low:₹16.00
High:₹16.00
FY2028E1 Analysts
Mean Estimate
₹13.85
Low:₹13.00
High:₹13.00
FY2028E1 Analysts
Mean Estimate
₹15.00
Low:₹15.00
High:₹15.00
FY2028E1 Analysts
Mean Estimate
₹12.70
Low:₹12.00
High:₹12.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹13.10 | — | — | — |
| FY2024 Forecast | ₹16.17 | — | — | — |
| FY2024 Forecast | ₹12.57 | — | — | — |
| FY2024 Forecast | ₹15.10 | — | — | — |
| FY2025 Forecast | ₹12.20 | — | — | — |
| FY2025 Forecast | ₹9.12 | — | — | 7 |
| FY2025 Forecast | ₹11.58 | — | — | 6 |
| FY2025 Forecast | ₹9.13 | — | — | 7 |
| FY2026 Forecast | ₹11.47 | — | — | 5 |
| FY2026 Forecast | ₹10.36 | — | — | 7 |
| FY2026 Forecast | ₹12.69 | — | — | 4 |
| FY2026 Forecast | ₹12.22 | — | — | 5 |
| FY2027 Forecast | ₹13.57 | ₹14.00 | ₹12.00 | 4 |
| FY2027 Forecast | ₹16.25 | — | — | 7 |
| FY2027 Forecast | ₹12.69 | ₹13.00 | ₹12.00 | 4 |
| FY2027 Forecast | ₹12.60 | ₹13.00 | ₹11.00 | 4 |
| FY2028 Forecast | ₹16.16 | ₹16.00 | ₹16.00 | 1 |
| FY2028 Forecast | ₹13.85 | ₹13.00 | ₹13.00 | 1 |
| FY2028 Forecast | ₹15.00 | ₹15.00 | ₹15.00 | 1 |
| FY2028 Forecast | ₹12.70 | ₹12.00 | ₹12.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
4 Factors- •Company has delivered a high Return on Equity (ROE) of 20.2%.
- •Company maintains conservative leverage with D/E of 0.18x.
- •Strong cash generation: Operating Cash Flow is 163.9% of reported Net Profit.
- •High promoter holding of 52.6% with zero encumbrance / pledge.
Risk Factors & Watchouts
1 Watchout- •Company has experienced sluggish sales growth of 1.0% CAGR over 3 years.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score7 / 9
● Strong (High Quality)
Altman Z-Score6.91
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.93
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
129.5%Elite Cash Quality (>100%)
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
15.7%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
21.0%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹4,325 CrInflow
4,325
+ D&A Non-Cash Charge₹1,229 CrAdd-back
1,229
Working Capital Adjustment₹1,534 Cr+ Cash
1,534
= Operating Cash Flow (CFO)₹7,088 CrOperating Cash
7,088
- Capital Expenditures (CapEx)-₹1,487 CrReinvestment
1,487
= Free Cash Flow (FCF)₹5,601 CrFree Cash Flow
5,601
- Dividends & Debt Repayment-₹952 CrCapital Return
952
= Net Change in Cash₹4,649 CrNet Balance
4,649
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹17,791.77 | ₹20,211.25 | ₹21,712.79 | ₹29,101.28 | ₹34,488.59 | ₹35,494.73 | ₹33,905.62 | ₹35,583.54 |
| Operating profit | — | — | — | — | ₹3,558.35 | ₹3,383.69 | ₹4,067.53 | ₹3,875.82 | ₹5,445.95 | ₹6,758.76 | ₹4,620.62 | ₹5,354.46 |
| OPM | — | — | — | — | 20.00% | 16.74% | 18.73% | 13.32% | 15.79% | 19.04% | 13.63% | 15.05% |
| Net profit | — | — | — | — | ₹2,162.68 | ₹2,705.17 | ₹3,139.29 | ₹3,030.57 | ₹4,106.45 | ₹5,460.23 | ₹3,667.23 | ₹4,325.35 |
| EPS | — | — | — | — | 22.43 | 26.11 | 32.56 | 32.11 | 43.09 | 56.88 | 40.96 | 46.29 |
| Net margin | — | — | — | — | 12.16% | 13.38% | 14.46% | 10.41% | 11.91% | 15.38% | 10.82% | 12.16% |
| ROE | — | — | — | — | 20.09% | 26.70% | 24.51% | 21.94% | 25.68% | 29.16% | 18.90% | 20.24% |
| ROCE | 42.00% | 42.00% | 38.00% | 36.00% | 24.91% | 28.74% | 28.16% | 25.15% | 30.42% | 31.55% | 20.79% | 21.08% |
| Debt / equity | — | — | — | — | 0.33 | 0.11 | 0.09 | 0.11 | 0.12 | 0.13 | 0.12 | 0.18 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 4.95% | 1.05% | 10.38% | — |
| Net profit | 17.95% | 1.75% | 6.62% | — |
| EPS | 13.01% | 2.42% | 7.29% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹19,570.95 | ₹16,154.77 | ₹20,369.62 | ₹22,984.45 | ₹25,798.00 | ₹29,924.09 | ₹30,371.37 | ₹34,534.49 |
| Total liabilities | — | — | — | — | ₹8,806.93 | ₹6,024.61 | ₹7,563.33 | ₹9,172.89 | ₹9,805.77 | ₹11,195.79 | ₹10,971.56 | ₹13,162.90 |
| Total equity | — | — | — | — | ₹10,764.02 | ₹10,130.16 | ₹12,806.29 | ₹13,811.56 | ₹15,992.23 | ₹18,728.30 | ₹19,399.81 | ₹21,371.59 |
| Total debt | — | — | — | — | ₹3,522.77 | ₹1,118.50 | ₹1,093.12 | ₹1,586.88 | ₹1,932.62 | ₹2,474.38 | ₹2,290.29 | ₹3,928.93 |
| Cash | — | — | — | — | ₹2,348.51 | ₹539.51 | ₹320.33 | ₹559.01 | ₹464.72 | ₹662.94 | ₹345.79 | ₹370.86 |
| Current assets | — | — | — | — | ₹8,806.93 | ₹7,580.11 | ₹12,026.60 | ₹15,152.33 | ₹16,535.16 | ₹17,537.06 | ₹16,991.68 | ₹20,184.64 |
| Current liabilities | — | — | — | — | ₹4,892.74 | ₹4,380.38 | ₹5,925.86 | ₹7,570.99 | ₹7,895.93 | ₹8,500.96 | ₹8,141.23 | ₹9,137.03 |
| Inventory | — | — | — | — | ₹1,779.18 | ₹3,389.81 | ₹3,798.60 | ₹6,152.98 | ₹6,210.64 | ₹5,923.41 | ₹6,719.27 | ₹5,743.69 |
| Receivables | — | — | — | — | ₹2,135.01 | ₹1,799.23 | ₹2,606.16 | ₹3,875.50 | ₹4,647.19 | ₹4,927.12 | ₹4,339.90 | ₹4,461.88 |
| Payables | — | — | — | — | ₹1,601.26 | ₹2,136.57 | ₹3,378.72 | ₹4,164.30 | ₹3,635.44 | ₹3,831.34 | ₹3,848.00 | ₹3,863.04 |
| Net PP&E | — | — | — | — | ₹7,828.38 | ₹5,825.09 | ₹5,504.88 | ₹5,516.64 | ₹6,374.16 | ₹9,000.84 | ₹9,885.83 | ₹11,013.67 |
| Retained earnings | — | — | — | — | ₹8,073.02 | ₹10,005.96 | ₹12,672.86 | ₹13,988.76 | ₹16,176.92 | ₹18,874.04 | ₹19,416.84 | ₹21,830.22 |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹2,703.34 | ₹2,631.89 | ₹3,683.35 | ₹986.49 | ₹4,193.43 | ₹6,103.60 | ₹4,423.96 | ₹7,088.18 |
| Capital expenditure | — | — | — | — | ₹1,067.51 | ₹-413.69 | ₹-288.71 | ₹-550.70 | ₹-1,445.61 | ₹-2,496.08 | ₹-1,830.07 | ₹-1,487.32 |
| Free cash flow | — | — | — | — | ₹1,635.84 | ₹2,218.20 | ₹3,394.64 | ₹435.79 | ₹2,747.82 | ₹3,607.52 | ₹2,593.89 | ₹5,600.86 |
| OCF / net profit | — | — | — | — | 1.25 | 0.97 | 1.17 | 0.33 | 1.02 | 1.12 | 1.21 | 1.64 |
| FCF / Capex intensity | — | — | — | — | 0.06 | 2.05 | 1.33 | 1.89 | 4.19 | 7.03 | 5.40 | 4.18 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹6,227.12 | ₹8,635.66 | ₹9,418.94 | ₹10,555.99 | ₹12,920.14 | ₹14,990.55 | ₹13,963.30 | ₹15,076.80 |
| Cost of revenue | — | — | — | — | ₹11,564.65 | ₹11,575.59 | ₹12,293.85 | ₹18,545.29 | ₹21,568.45 | ₹20,504.18 | ₹19,942.32 | ₹20,506.74 |
| EBITDA | — | — | — | — | ₹3,914.19 | ₹4,164.19 | ₹4,858.80 | ₹4,692.18 | ₹6,303.97 | ₹7,611.76 | ₹5,646.96 | ₹6,583.31 |
| Income before tax | — | — | — | — | ₹2,876.36 | ₹3,633.99 | ₹4,304.35 | ₹4,187.72 | ₹5,688.83 | ₹7,347.77 | ₹5,103.07 | ₹6,003.44 |
| Interest expense | — | — | — | — | ₹889.59 | — | — | — | — | — | — | — |
| Tax expense | — | — | — | — | ₹713.68 | ₹1,049.15 | ₹1,097.60 | ₹1,102.91 | ₹1,493.50 | ₹1,790.08 | ₹1,393.36 | ₹1,608.75 |
| D&A | — | — | — | — | ₹711.67 | ₹780.50 | ₹791.27 | ₹816.36 | ₹858.02 | ₹853.00 | ₹1,026.34 | ₹1,228.85 |
| EBITDA margin | — | — | — | — | 22.00% | 20.60% | 22.38% | 16.12% | 18.28% | 21.44% | 16.65% | 18.50% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 1.80 | 1.73 | 2.03 | 2.00 | 2.09 | 2.06 | 2.09 | 2.21 |
| Quick ratio | — | — | — | — | 1.44 | 0.96 | 1.39 | 1.19 | 1.31 | 1.37 | 1.26 | 1.58 |
| Interest coverage | — | — | — | — | 4.00 | — | — | — | — | — | — | — |
| Inventory days | 123.00 | 108.00 | 138.00 | 117.00 | 45.00 | 106.89 | 112.78 | 121.10 | 105.10 | 105.44 | 122.98 | 102.23 |
| Receivable days | 32.00 | 30.00 | 35.00 | 38.00 | 35.00 | 32.49 | 43.81 | 48.61 | 49.18 | 50.67 | 46.72 | 45.77 |
| Payable days | 84.00 | 84.00 | 101.00 | 95.00 | 40.00 | 67.37 | 100.31 | 81.96 | 61.52 | 68.20 | 70.43 | 68.76 |
| Cash conversion cycle | 70.00 | 54.00 | 72.00 | 60.00 | 40.00 | 72.01 | 56.28 | 87.75 | 92.76 | 87.91 | 99.27 | 79.24 |
| Working capital days | 11.00 | 15.00 | 22.00 | 22.00 | 16.00 | 34.00 | 37.00 | 57.00 | 54.00 | 49.00 | 52.00 | 38.00 |
| Fixed asset turnover | — | — | — | — | 2.27 | 3.47 | 3.94 | 5.28 | 5.41 | 3.94 | 3.43 | 3.23 |
| ROA | — | — | — | — | 11.05% | 16.75% | 15.41% | 13.19% | 15.92% | 18.25% | 12.07% | 12.52% |
| ROIC | — | — | — | — | 18.12% | 22.47% | 22.32% | 19.24% | 23.00% | 24.89% | 15.74% | 15.72% |
| Gross margin | — | — | — | — | 35.00% | 42.73% | 43.38% | 36.27% | 37.46% | 42.23% | 41.18% | 42.37% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
12.16%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
1.03
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
1.62
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
20.24%
Reported: 20.24%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 23 Jun 2026 | dividend | 2300% |
| 2025 | 18 Nov 2025 | dividend | 450% |
| 10 Jun 2025 | dividend | 2055% | |
| 2024 | 19 Nov 2024 | dividend | 425% |
| 11 Jun 2024 | dividend | 2815% | |
| 2023 | 03 Nov 2023 | dividend | 515% |
| 09 Jun 2023 | dividend | 2125% | |
| 2022 | 01 Nov 2022 | dividend | 440% |
| 10 Jun 2022 | dividend | 1550% | |
| 2021 | 29 Oct 2021 | dividend | 365% |
| 11 Jun 2021 | dividend | 1450% | |
| 2020 | 30 Oct 2020 | dividend | 335% |
| 25 Jul 2020 | dividend | 150% | |
| 04 Mar 2020 | dividend | 715% | |
| 2019 | 31 Oct 2019 | dividend | 335% |
| 15 Jun 2019 | dividend | 765% | |
| 15 Jun 2019 | dividend | 765% | |
| 2018 | 30 Oct 2018 | dividend | 285% |
| 30 Oct 2018 | dividend | 285% | |
| 16 Jun 2018 | dividend | 605% | |
| 2017 | 01 Nov 2017 | dividend | 265% |
| 17 Jun 2017 | dividend | 565% | |
| 17 Jun 2017 | dividend | 200% | |
| 2016 | 02 Nov 2016 | dividend | 265% |
| 02 Nov 2016 | dividend | 265% | |
| 18 Jun 2016 | dividend | 530% | |
| 2015 | 29 Oct 2015 | dividend | 220% |
| 26 Jun 2015 | dividend | 430% | |
| 2014 | 23 Sept 2014 | dividend | 180% |
| 18 Jun 2014 | dividend | 420% | |
| 2013 | 26 Oct 2013 | dividend | 110% |
| 31 Jul 2013 | split | 1:10 | |
| 08 Jun 2013 | dividend | 365% | |
| 2012 | 30 Oct 2012 | dividend | 95% |
| 09 Jun 2012 | dividend | 305% | |
| 2011 | 28 Oct 2011 | dividend | 95% |
| 11 Jun 2011 | dividend | 235% | |
| 2010 | 01 Nov 2010 | dividend | 85% |
| 03 Jul 2010 | dividend | 185% | |
| 2009 | 27 Oct 2009 | dividend | 85% |
| 19 Jun 2009 | dividend | 110% | |
| 2008 | 31 Oct 2008 | dividend | 65% |
| 14 Jun 2008 | dividend | 105% | |
| 2007 | 26 Oct 2007 | dividend | 65% |
| 15 Jun 2007 | dividend | 10% | |
| 21 Mar 2007 | dividend | 65% | |
| 2006 | 06 Nov 2006 | dividend | 55% |
| 19 Jun 2006 | dividend | 80% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 11 dividend distributions
Latest Year DPS:₹23.00
Yield on CMP:0.87%
3Y Dividend CAGR:-4.5%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹144.90
₹23.0
2026
₹25.1
2025
₹32.4
2024
₹26.4
2023
₹19.9
2022
₹18.1
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 23 Jun 2026 | ₹23.00 | Final |
| 18 Nov 2025 | ₹4.50 | Interim |
| 10 Jun 2025 | ₹20.55 | Final |
| 19 Nov 2024 | ₹4.25 | Interim |
| 11 Jun 2024 | ₹28.15 | Final |
| 03 Nov 2023 | ₹5.15 | Interim |
| 09 Jun 2023 | ₹21.25 | Final |
| 31 Oct 2022 | ₹4.40 | Interim |
| 09 Jun 2022 | ₹15.50 | Final |
| 28 Oct 2021 | ₹3.65 | Interim |
| 10 Jun 2021 | ₹14.50 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Consumer DurablesCompare Peers in Studio
Market Cap2,47,175.67 ₹ cr
Beats 98% of 40 industry peers · median 12,557.58 ₹ cr
P/E57.83 x
Beats 71% of 35 industry peers · median 46.03 x
P/B11.70 x
Beats 86% of 36 industry peers · median 5.98 x
ROE9.47%
Beats 30% of 40 industry peers · median 12.82%
ROCE9.41%
Beats 28% of 40 industry peers · median 15.08%
Debt to Equity0.63 x
Beats 78% of 40 industry peers · median 0.37 x
Net Margin9.66%
Beats 45% of 40 industry peers · median 9.89%
Dividend Yield1.04%
Beats 76% of 29 industry peers · median 0.57%
Revenue Growth (YoY)17.94%
Beats 49% of 39 industry peers · median 18.41%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Titan Company Ltd.TITAN | ₹4.55 L | 90.44 | 29.30 |
LG Electronics India Ltd.LGEINDIA | ₹1.15 L | 68.13 | 14.98 |
| ₹90,031.78 | 54.39 | 19.05 | |
Havells India Ltd.HAVELLS | ₹77,108.50 | 45.39 | 8.11 |
Kalyan Jewellers India Ltd.KALYANKJIL | ₹63,555.49 | 48.24 | 10.30 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Asian Paints Ltd. (ASIANPAINT)
Indexed Documents8 Filings
Latest Disclosure23 Jul 2026
Board Outcome23 Jul 2026
Asian Paints Ltd: Outcome of Board Meeting for Approval of Audited Financial Results
Shareholding19 Jul 2026
Asian Paints Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
Concall Transcript26 Jun 2026
Asian Paints Ltd: Transcript of Earnings Conference Call with Institutional Investors
Investor Deck13 Jun 2026
Asian Paints Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Press Release19 May 2026
Asian Paints Ltd: Press Release: Business Updates and New Strategic Initiatives
AGM / EGM05 Mar 2026
Asian Paints Ltd: Notice of Annual General Meeting and Record Date for Dividend
Corporate Action03 Feb 2026
Asian Paints Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
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For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.