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Asian Paints Ltd. (IN:ASIANPAINT)
:ASIANPAINT
India Market

Asian Paints Ltd. (ASIANPAINT) Ratios

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Asian Paints Ltd. Ratios

IN:ASIANPAINT's free cash flow for Q1 2026 was ₹0.43. For the 2026 fiscal year, IN:ASIANPAINT's free cash flow was decreased by ₹ and operating cash flow was ₹0.15. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
2.18 2.09 2.06 2.06 2.09
Quick Ratio
1.45 1.26 1.37 1.37 1.31
Cash Ratio
0.07 0.05 0.10 0.10 0.07
Solvency Ratio
0.43 0.42 0.60 0.60 0.53
Operating Cash Flow Ratio
0.00 0.54 0.72 0.72 0.53
Short-Term Operating Cash Flow Coverage
0.00 7.32 5.80 5.80 4.68
Net Current Asset Value
₹ 67.62B₹ 66.79B₹ 70.37B₹ 70.37B₹ 71.83B
Leverage Ratios
Debt-to-Assets Ratio
0.11 0.08 0.08 0.08 0.07
Debt-to-Equity Ratio
0.18 0.12 0.13 0.13 0.12
Debt-to-Capital Ratio
0.15 0.11 0.12 0.12 0.11
Long-Term Debt-to-Capital Ratio
0.04 0.01 <0.01 <0.01 <0.01
Financial Leverage Ratio
1.60 1.57 1.60 1.60 1.61
Debt Service Coverage Ratio
3.88 5.07 5.15 5.15 4.90
Interest Coverage Ratio
37.14 43.89 32.93 32.93 37.81
Debt to Market Cap
<0.01 <0.01 <0.01 <0.01 <0.01
Interest Debt Per Share
39.07 26.25 27.95 27.95 21.66
Net Debt to EBITDA
0.47 0.33 0.20 0.20 0.21
Profitability Margins
Gross Profit Margin
40.11%41.79%43.15%43.15%38.44%
EBIT Margin
15.47%14.71%20.93%21.31%16.97%
EBITDA Margin
18.15%16.55%23.34%23.34%19.19%
Operating Profit Margin
20.24%29.33%19.07%19.07%15.89%
Pretax Profit Margin
15.60%15.07%20.73%20.73%16.55%
Net Profit Margin
11.08%10.83%15.41%15.41%11.95%
Continuous Operations Profit Margin
11.27%10.96%15.68%15.68%11.93%
Net Income Per EBT
71.06%71.86%74.31%74.31%72.18%
EBT Per EBIT
77.05%51.39%108.75%108.75%104.17%
Return on Assets (ROA)
12.27%12.07%18.25%18.25%15.92%
Return on Equity (ROE)
19.79%18.90%29.15%29.15%25.68%
Return on Capital Employed (ROCE)
30.34%44.67%31.54%31.54%30.50%
Return on Invested Capital (ROIC)
20.71%31.20%22.47%22.47%21.16%
Return on Tangible Assets
12.50%12.31%18.78%18.78%16.18%
Earnings Yield
1.65%1.65%1.98%1.98%1.55%
Efficiency Ratios
Receivables Turnover
7.84 7.85 6.18 7.21 6.78
Payables Turnover
6.16 5.12 5.24 5.24 5.82
Inventory Turnover
3.46 2.93 3.39 3.39 3.41
Fixed Asset Turnover
3.33 3.43 3.94 3.94 5.39
Asset Turnover
1.11 1.11 1.18 1.18 1.33
Working Capital Turnover Ratio
7.15 3.79 4.01 4.01 4.24
Cash Conversion Cycle
92.83 99.68 97.11 88.61 98.30
Days of Sales Outstanding
46.54 46.50 59.10 50.60 53.87
Days of Inventory Outstanding
105.58 124.44 107.62 107.62 107.15
Days of Payables Outstanding
59.28 71.26 69.61 69.61 62.72
Operating Cycle
152.11 170.94 166.72 158.21 161.02
Cash Flow Ratios
Operating Cash Flow Per Share
0.00 46.14 63.66 63.66 43.74
Free Cash Flow Per Share
0.00 27.05 37.63 37.63 28.66
CapEx Per Share
0.00 19.09 26.03 26.03 15.08
Free Cash Flow to Operating Cash Flow
0.00 0.59 0.59 0.59 0.66
Dividend Paid and CapEx Coverage Ratio
0.00 0.89 1.21 1.21 1.24
Capital Expenditure Coverage Ratio
0.00 2.42 2.45 2.45 2.90
Operating Cash Flow Coverage Ratio
0.00 1.93 2.47 2.47 2.17
Operating Cash Flow to Sales Ratio
0.00 0.13 0.17 0.17 0.12
Free Cash Flow Yield
0.00%1.17%1.31%1.31%1.04%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
60.54 60.55 50.41 50.41 64.48
Price-to-Sales (P/S) Ratio
6.71 6.56 7.77 7.77 7.70
Price-to-Book (P/B) Ratio
11.89 11.45 14.70 14.70 16.56
Price-to-Free Cash Flow (P/FCF) Ratio
0.00 85.60 76.30 76.30 96.36
Price-to-Operating Cash Flow Ratio
0.00 50.19 45.10 45.10 63.14
Price-to-Earnings Growth (PEG) Ratio
-46.42 -1.84 1.53 1.53 1.81
Price-to-Fair Value
11.89 11.45 14.70 14.70 16.56
Enterprise Value Multiple
37.44 39.95 33.48 33.48 40.36
Enterprise Value
2.36T 2.24T 2.77T 2.77T 2.66T
EV to EBITDA
37.48 39.95 33.48 33.48 40.36
EV to Sales
6.80 6.61 7.81 7.81 7.75
EV to Free Cash Flow
0.00 86.32 76.76 76.76 96.87
EV to Operating Cash Flow
0.00 50.61 45.37 45.37 63.48
Tangible Book Value Per Share
204.71 203.08 193.78 193.78 167.19
Shareholders’ Equity Per Share
204.21 202.34 195.34 195.34 166.80
Tax and Other Ratios
Effective Tax Rate
0.28 0.27 0.24 0.24 0.26
Revenue Per Share
361.90 353.16 369.61 369.61 358.46
Net Income Per Share
40.11 38.25 56.95 56.95 42.83
Tax Burden
0.71 0.72 0.74 0.74 0.72
Interest Burden
1.01 1.02 0.99 0.97 0.98
Research & Development to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
SG&A to Revenue
0.02 0.08 <0.01 <0.01 <0.01
Stock-Based Compensation to Revenue
0.00 <0.01 <0.01 <0.01 <0.01
Income Quality
0.00 0.87 1.12 1.12 0.74
Currency in INR