Asian Paints Ltd. (IN:ASIANPAINT)
:ASIANPAINT
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Asian Paints Ltd.
(ASIANPAINT)
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Rating:63Neutral
Price Target:
₹2,438.00
▼(-14.31% Downside)
Action:ReiteratedDate:11/13/25
Asian Paints Ltd. demonstrates strong financial performance with a robust balance sheet and consistent profitability, which is the most significant factor in its score. Technical analysis indicates bullish momentum but warns of overbought conditions. The high P/E ratio suggests potential overvaluation, which impacts the overall score.
Positive Factors
Strong balance sheet
Low leverage and a healthy equity ratio give the company durable financial flexibility. This supports capital expenditure, working-capital needs, dividends and opportunistic M&A, improving resilience to cyclical demand swings and enabling steady strategic reinvestment over months.
Negative Factors
Recent revenue & profit decline
A recent fall in revenue and profits signals potential demand softness, pricing pressure or cost headwinds. If the trend persists it can erode margin durability, reduce reinvestment capacity and weaken medium-term earnings momentum despite longer-term strengths.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Low leverage and a healthy equity ratio give the company durable financial flexibility. This supports capital expenditure, working-capital needs, dividends and opportunistic M&A, improving resilience to cyclical demand swings and enabling steady strategic reinvestment over months.
Read all positive factors
Asian Paints Ltd. (ASIANPAINT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.19T
Dividend Yield0.89%
Average Volume (3M)29.62K
Price to Earnings (P/E)62.6
Beta (1Y)0.80
Revenue Growth-1.30%
EPS Growth-14.72%
CountryIN
Employees9,482
SectorConsumer Defensive
Sector Strength42
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)11.05
Shares Outstanding959,197,750
10 Day Avg. Volume34,279
30 Day Avg. Volume29,620
Financial Highlights & Ratios
PEG Ratio-1.84
Price to Book (P/B)11.45
Price to Sales (P/S)6.56
P/FCF Ratio85.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,803.33Price Target Upside-1.47% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)50.07
Revenue Forecast (FY)₹379.66B
Asian Paints Ltd. Business Overview & Revenue Model
Company Description
Asian Paints Limited, together with its subsidiaries, manufactures, sells, and distributes paints and coatings for decorative and industrial use in India and internationally. It operates in Paints and Home Improvement segments. The company offers ...
How the Company Makes Money
Asian Paints primarily makes money by selling paints and coatings, with its largest revenue contribution typically coming from decorative paints used in residential and commercial buildings. Revenue is generated through (1) product sales across mu...
Asian Paints Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 343.51B | 338.59B | 354.38B | 344.30B | 289.82B | 215.04B |
| Gross Profit | 145.82B | 141.50B | 151.76B | 131.12B | 105.48B | 92.99B |
| EBITDA | 60.14B | 56.04B | 72.33B | 60.20B | 45.39B | 46.13B |
| Net Income | 38.96B | 36.67B | 54.60B | 41.06B | 30.31B | 31.39B |
Balance Sheet | ||||||
| Total Assets | 313.49B | 303.71B | 299.24B | 257.98B | 229.84B | 203.70B |
| Cash, Cash Equivalents and Short-Term Investments | 67.81B | 46.88B | 54.26B | 46.31B | 40.25B | 47.61B |
| Total Debt | 35.57B | 22.90B | 24.74B | 19.33B | 15.87B | 10.93B |
| Total Liabilities | 111.48B | 103.12B | 105.00B | 93.52B | 87.85B | 71.40B |
| Stockholders Equity | 195.79B | 194.00B | 187.28B | 159.92B | 138.12B | 128.06B |
Cash Flow | ||||||
| Free Cash Flow | 27.74B | 25.94B | 36.08B | 27.48B | 4.36B | 33.95B |
| Operating Cash Flow | 34.82B | 44.24B | 61.04B | 41.93B | 9.86B | 36.83B |
| Investing Cash Flow | -448.30M | -8.74B | -25.18B | -12.75B | -3.22B | -5.48B |
| Financing Cash Flow | -18.86B | -37.53B | -29.82B | -21.40B | -18.08B | -6.50B |
Asian Paints Ltd. Technical Analysis
Negative
2845.20
Price Trends
2348.46
Negative
2585.75
Negative
2511.26
Negative
Market Momentum
-50.18
Negative
42.81
Neutral
37.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASIANPAINT, the sentiment is Negative. The current price of 2845.2 is above the 20-day moving average (MA) of 2213.84, above the 50-day MA of 2348.46, and above the 200-day MA of 2511.26, indicating a bearish trend. The MACD of -50.18 indicates Negative momentum. The RSI at 42.81 is Neutral, neither overbought nor oversold. The STOCH value of 37.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ASIANPAINT.
Asian Paints Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹970.30B | 54.57 | ― | 1.42% | 22.56% | 4.73% | |
68 Neutral | ₹1.38T | 61.03 | ― | 0.34% | 9.13% | 16.39% | |
66 Neutral | ₹782.13B | 74.21 | ― | 0.70% | 7.26% | 3.66% | |
66 Neutral | ₹757.99B | 39.88 | ― | 1.62% | 2.68% | 1.07% | |
63 Neutral | ₹2.19T | 62.63 | ― | 0.89% | -1.30% | -14.72% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹1.10T | 62.79 | ― | 1.67% | 5.77% | ― |
* Consumer Defensive Sector Average
IN:ASIANPAINT
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Asian Paints Ltd. Corporate Events
NCLT clears Asian Paints merger of polymers subsidiary with parent
Mar 10, 2026
Asian Paints Limited has received sanction from the National Company Law Tribunal, Mumbai Bench, for the amalgamation of its wholly owned subsidiary Asian Paints (Polymers) Private Limited with the parent company. The scheme, effective from an app...
Asian Paints Board Clears Q3 and Nine-Month FY2025 Financial Results, Schedules Investor Call
Jan 27, 2026
Asian Paints Ltd. announced that its Board of Directors has approved the audited standalone and unaudited consolidated financial results for the quarter and nine-month period ended 31 December 2025. The company will release these results along wit...
Asian Paints Board Approves Q3 and Nine-Month FY2025-26 Results, Schedules Investor Call
Jan 27, 2026
Asian Paints Ltd. announced that its Board of Directors has approved the audited standalone and unaudited consolidated financial results for the quarter and nine-month period ended 31 December 2025. The company will publish extracts of these resul...
Asian Paints Board Clears Q3 and Nine-Month FY26 Results, Schedules Investor Call
Jan 27, 2026
Asian Paints Limited announced that its Board of Directors has approved the audited standalone and unaudited consolidated financial results for the quarter and nine‑month period ended 31 December 2025, following a board meeting held on 27 Ja...
Asian Paints Dilutes Stake in UAE White Cement Joint Venture to 60%
Jan 16, 2026
Asian Paints Ltd. has announced a dilution of its stake in its joint venture company, Asian White Cement Holding Limited (AWCHL), which operates a white cement and clinker manufacturing facility in Fujairah, UAE where commercial production began i...
Asian Paints Confirms SEBI Dematerialisation Compliance for Q3 FY2025-26
Jan 14, 2026
Asian Paints Limited has announced that its registrar and share transfer agent, MUFG Intime India Private Limited, has certified the company’s compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.