Consumer Durables · NIFTY 50

Asian Paints Limited

NSEASIANPAINT BSE500820 ISININE021A01026 SeriesEQ Listed on NSE · BSE

₹2,536.50 -13.80 (-0.54%) Updated 12 Nov, 7:17 pm IST

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Price, daily close+2.38% in a year

Today

Open: ₹2,550.30
Prev close: ₹2,550.30
Day high: ₹2,567.30
Day low: ₹2,521.00
Volume: 8.17 L
Value traded: ₹207.71 Cr
Upper circuit: ₹2,607.60
Lower circuit: ₹2,455.80
52W high: ₹2,985.70
52W low: ₹2,115.00
1 month: +10.14%
6 months: -0.78%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹243,301 Cr

P/E (TTM)50.27

P/B11.19

Book value / share₹226.59

EPS (TTM)₹50.46

ROE22.3%

Dividend yield1.31%

Dividend (12m)₹33.25 / share

Net margin (TTM)12.5%

Operating margin15.6%

Debt / equity0.13

Current ratio2.20

EV / EBITDA34.47

Sales growth (YoY qtr)+16.94%

Profit growth (YoY qtr)+7.45%

Sales CAGR 3Y+1.05%

Profit CAGR 3Y+1.75%

Shares95.92 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

9,1031,448

Dec 23

8,7311,257

Mar 24

8,9701,170

Jun 24

8,028695

Sep 24

8,5491,110

Dec 24

8,359692

Mar 25

8,9391,100

Jun 25

8,531994

Sep 25

8,8671,060

Dec 25

9,2471,172

Mar 26

10,5421,539

Jun 26

9,9771,068

Sep 26

Revenue · QoQ (vs last quarter)

—-4.1%+2.7%-11%+6.5%-2.2%+6.9%-4.6%+3.9%+4.3%+14%-5.4%

Revenue · YoY (vs a year ago)

————-6.1%-4.3%-0.3%+6.3%+3.7%+11%+18%+17%

Net profit · QoQ (vs last quarter)

—-13%-6.9%-41%+60%-38%+59%-9.7%+6.7%+11%+31%-31%

Net profit · YoY (vs a year ago)

————-23%-45%-6.0%+43%-4.6%+69%+40%+7.5%

RevenueNet profitLine = trend

15.10

Dec 23

13.10

Mar 24

12.20

Jun 24

7.24

Sep 24

11.58

Dec 24

7.22

Mar 25

11.47

Jun 25

10.36

Sep 25

11.05

Dec 25

12.22

Mar 26

16.05

Jun 26

11.14

Sep 26

EPS (₹) · YoY (vs a year ago)

————-23%-45%-6.0%+43%-4.6%+69%+40%+7.5%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	9,103	8,731	8,970	8,028	8,549	8,359	8,939	8,531	8,867	9,247	10,542	9,977
Other income	139	187	156	174	143	99.9	193	199	161	171	241	248
Total income	9,242	8,918	9,126	8,201	8,692	8,459	9,131	8,730	9,028	9,418	10,783	10,224
Raw material	3,837	4,042	4,079	4,081	3,741	3,892	4,004	3,760	3,636	3,985	5,449	5,084
Purchases	1,017	948	954	1,007	1,008	957	918	984	1,051	1,061	1,095	1,112
Employee cost	570	614	674	677	615	631	703	686	689	721	790	776
Other expenses	1,343	1,511	1,447	1,357	1,377	1,605	1,488	1,495	1,468	1,636	1,636	1,631
Total expenses	7,322	7,319	7,559	7,093	7,224	7,277	7,659	7,377	7,447	7,829	8,725	8,789
Operating profit	2,056	1,691	1,694	1,059	1,637	1,253	1,625	1,503	1,623	1,787	2,169	1,557
OPM %	22.6%	19.4%	18.9%	13.2%	19.1%	15.0%	18.2%	17.6%	18.3%	19.3%	20.6%	15.6%
Finance cost	54.4	54.1	55.4	63.0	55.8	52.8	44.5	43.9	47.9	59.1	47.8	55.4
Depreciation	220	226	228	242	256	301	301	305	313	310	304	314
Exceptional items	—	—	—	-180	—	-183	—	—	-158	—	—	—
Profit before tax	1,920	1,599	1,567	928	1,468	999	1,472	1,353	1,423	1,589	2,058	1,436
Tax	493	349	417	265	390	321	392	373	415	429	536	392
Net profit	1,475	1,275	1,187	694	1,128	701	1,117	1,018	1,074	1,185	1,559	1,085
Profit to shareholders	1,448	1,257	1,170	695	1,110	692	1,100	994	1,060	1,172	1,539	1,068
EPS (₹)	15.10	13.10	12.20	7.24	11.58	7.22	11.47	10.36	11.05	12.22	16.05	11.14

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

19,3503,5252,159

FY19

20,2114,1622,705

FY20

21,7134,8563,139

FY21

29,1014,6883,031

FY22

34,4896,2114,106

FY23

35,4957,5855,460

FY24

33,9065,6433,667

FY25

35,5846,5384,325

FY26

Revenue · YoY (vs a year ago)

—+4.5%+7.4%+34%+19%+2.9%-4.5%+4.9%

Net profit · YoY (vs a year ago)

—+25%+16%-3.5%+36%+33%-33%+18%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	19,350	20,211	21,713	29,101	34,489	35,495	33,906	35,584
Other income	227	304	303	380	386	688	573	724
Total expenses	16,307	16,932	17,740	25,209	29,231	28,968	29,153	30,312
Employee cost	1,270	1,366	1,541	1,787	2,028	2,326	2,597	2,800
Operating profit	3,525	4,162	4,856	4,688	6,211	7,585	5,643	6,538
OPM %	18.2%	20.6%	22.4%	16.1%	18.0%	21.4%	16.6%	18.4%
Finance cost	51.0	102	91.6	95.4	144	205	227	195
Depreciation	431	781	791	816	858	853	1,026	1,229
Profit before tax	3,270	3,583	4,276	4,156	5,595	7,215	4,962	5,838
Tax	1,099	855	1,098	-4,980	1,494	1,790	1,393	1,609
Tax rate %	33.6%	23.9%	25.7%	-119.8%	26.7%	24.8%	28.1%	27.6%
Net profit	2,212	2,774	3,207	9,167	4,195	5,558	3,710	4,395
Profit to shareholders	2,159	2,705	3,139	3,031	4,106	5,460	3,667	4,325
Net margin %	11.2%	13.4%	14.5%	10.4%	11.9%	15.4%	10.8%	12.2%
EPS (₹)	22.51	28.20	32.73	31.59	42.82	56.94	38.25	45.11

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

15,992972523

Mar 23

18,7281,107829

Mar 24

19,400864445

Mar 25

21,3722,293673

Mar 26

21,7352,900260

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+17%+3.6%+10%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	15,992	18,728	19,400	21,372	21,735
Long-term borrowings	76.2	54.4	260	1,247	1,622
Short-term borrowings	896	1,053	604	1,046	1,278
Total borrowings	972	1,107	864	2,293	2,900
Current liabilities	7,896	8,501	8,141	9,137	9,977
Fixed assets (PPE)	5,355	6,302	8,631	9,165	10,159
Inventories	6,211	5,923	6,719	5,744	7,263
Trade receivables	4,637	4,889	4,314	4,462	5,049
Cash & equivalents	523	829	445	673	260
Current assets	16,535	17,537	16,992	20,185	21,990
Total assets	25,798	29,924	30,371	34,534	36,215
Debt / equity	0.06	0.06	0.04	0.11	0.13

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

986-322-1,808

FY22

4,193-1,275-2,140

FY23

6,104-2,518-2,983

FY24

4,424-874-3,753

FY25

7,088-1,334-2,377

FY26

Operations · YoY (vs a year ago)

—+325%+46%-28%+60%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	986	4,193	6,104	4,424	7,088
Cash from investing	-322	-1,275	-2,518	-874	-1,334
Cash from financing	-1,808	-2,140	-2,983	-3,753	-2,377
Spent on fixed assets	-551	-1,446	-2,496	-1,830	-1,487
Free cash flow	436	2,748	3,608	2,594	5,601
Net cash flow	-1,143	779	603	-203	3,378

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

52.6%Dec 23

52.6%Mar 24

52.6%Jun 24

52.6%Sep 24

52.6%Dec 24

52.6%Mar 25

52.6%Jun 25

52.6%Sep 25

52.6%Dec 25

52.6%Mar 26

52.6%Jun 26

52.7%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

52.7%promoter

Promoter & group: 52.65%
Public (FIIs, mutual funds, retail…): 47.28%
Employee trusts: 0.08%
Promoter change, last quarter: +0.02 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Interim Dividend - Rs 5.75 Per ShareEx 04-Nov-2026
Dividend - Rs 23 Per ShareEx 23-Jun-2026
Interim Dividend - Rs 4.50 Per ShareEx 18-Nov-2025
Dividend - Rs 20.55 Per ShareEx 10-Jun-2025
Interim Dividend - Rs 4.25 Per ShareEx 19-Nov-2024
Dividend - Rs 28.15 Per ShareEx 11-Jun-2024
Interim Dividend - Rs 5.15 Per ShareEx 03-Nov-2023
Dividend - Rs 21.25 Per ShareEx 09-Jun-2023

Board meetings

the Quarterly Audited Financial results of the Company for the period ended September 2026 and Dividend.29-Oct-2026
the following:1.Approval of audited standalone financial results of the Company for the quarter and half-year ended 30th September 2026; 2.Approval o…29-Oct-2026
ASIAN PAINTS LIMITED has informed the Exchange about Board Meeting to be held on 29-Jul-2026 to inter-alia consider and approve the Audited Financial…29-Jul-2026
1. audited standalone financial results of the Company for the quarter ended 30th June 2026; and 2. unaudited consolidated financial results of the C…29-Jul-2026
the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend.29-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates9 Nov
Appointment6 Nov
Change in Director(s)6 Nov
Shareholders meeting6 Nov
Analysts/Institutional Investor Meet/Con. Call Updates3 Nov
Analysts/Institutional Investor Meet/Con. Call Updates29 Oct
Investor Presentation29 Oct

Latest news

Weekly Recap: Asian Paints top pick and shares rise before dividend dateTradingView · 9 Nov, 6:30 am Why Asian Paints Lost Its MoatHDFC Sky · 23 Oct, 12:30 pm Asian Paints Dividend: Here's what 9.2 lakh retail investors need to know about past payouts, record date and more - CNBC TV18LinkedIn · 6 Oct, 12:30 pm Crude oil at 2-month low: HPCL, BPCL, Asian Paints, IndiGo shares rally; here's whyUpstox · 11 Nov, 7:41 am India's Asian Paints maintains FY27 growth target, sees no immediate price hikesReuters · 29 Jul, 12:30 pm What should investors do about Asian Paints?BusinessLine · 12 Sep, 12:30 pm IndiGo jumps nearly 5%, Asian Paints gains 2% as aviation, tyre, oil marketing stocks rally amid crude...Moneycontrol.com · 11 Nov, 10:18 am Asian Paints sheds 3% despite bullish analyst views post Q1; here's whyBusiness Standard · 30 Jul, 12:30 pm

About

About Asian Paints Limited

Asian Paints is an Indian multinational paint company, headquartered in Mumbai, India. The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings and providing related services. Asian Paints is India's largest paints company by market share.

From Wikipedia (CC BY-SA 4.0).

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Company details

Company name: Asian Paints Limited
NSE symbol: ASIANPAINT
BSE scrip code: 500820
ISIN: INE021A01026
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 31 May 1995
Face value: ₹1 per share
Market lot: 1 share
Shares issued: 95.92 crore
Index: NIFTY 50, NIFTY 500
Sector (NSE): Consumer Durables
Industry: Industrial Specialties
Managing director / CEO: Amit Syngle
Chair: R Seshasayee
Headquarters: Mumbai, Maharashtra, India
Registered address: 6A & 6B, Shantinagar, Santacruz (East), Mumbai – 400 055, Maharashtra, India
Founded: 1942
Employees: 33,360
Financial year: April to March
Results basis: Consolidated
Website: asianpaints.com

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Asian Paints Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers