Asian Paints Limited

BSE:500820 Stock Report

Market Cap: ₹2.2t

Asian Paints Valuation

Is 500820 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 500820 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500820 (₹2283.05) is trading above our estimate of fair value (₹347.37)

Significantly Below Fair Value: 500820 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500820?

Key metric: As 500820 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500820. This is calculated by dividing 500820's market cap by their current earnings.
What is 500820's PE Ratio?
PE Ratio47.9x
Earnings₹45.69b
Market Cap₹2.19t

Price to Earnings Ratio vs Peers

How does 500820's PE Ratio compare to its peers?

The above table shows the PE ratio for 500820 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average65.3x
FLUOROCHEM Gujarat Fluorochemicals
116x33.1%₹475.5b
524200 Vinati Organics
47.9x19.9%₹177.2b
500710 Akzo Nobel India
37.6x10.5%₹163.5b
CLEAN Clean Science and Technology
59.9x24.1%₹154.2b
500820 Asian Paints
47.9x8.7%₹2.2t

Price-To-Earnings vs Peers: 500820 is good value based on its Price-To-Earnings Ratio (47.9x) compared to the peer average (65.3x).

Price to Earnings Ratio vs Industry

How does 500820's PE Ratio compare vs other companies in the IN Chemicals Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$68.02m
UNIVPHOTO Universus Photo Imagings
3.7xn/aUS$36.22m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$8.06m
526143 MPL Plastics
1.6xn/aUS$1.81m
500820 47.9xIndustry Avg. 32.4xNo. of Companies35PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500820 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the Indian Chemicals industry average (32.4x).

Price to Earnings Ratio vs Fair Ratio

What is 500820's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500820 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.9x
Fair PE Ratio31.2x

Price-To-Earnings vs Fair Ratio: 500820 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the estimated Fair Price-To-Earnings Ratio (31.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500820 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,283.05
₹2,658.31
+16.4%
14.5%₹3,750.00₹2,080.00n/a36
Dec ’25₹2,479.95
₹2,661.08
+7.3%
14.4%₹3,750.00₹2,080.00n/a36
Nov ’25₹2,940.00
₹2,958.41
+0.6%
13.9%₹3,880.00₹2,100.00n/a37
Oct ’25₹3,277.20
₹2,954.22
-9.9%
13.9%₹3,880.00₹2,100.00n/a37
Sep ’25₹3,126.80
₹2,908.03
-7.0%
13.0%₹3,650.00₹2,100.00n/a37
Aug ’25₹3,097.05
₹2,908.03
-6.1%
13.0%₹3,650.00₹2,100.00n/a37
Jul ’25₹2,927.15
₹2,943.57
+0.6%
12.3%₹3,800.00₹2,200.00n/a37
Jun ’25₹2,877.70
₹2,930.92
+1.8%
12.6%₹3,800.00₹2,200.00n/a37
May ’25₹2,877.05
₹3,222.28
+12.0%
13.7%₹4,000.00₹2,410.00n/a36
Apr ’25₹2,871.30
₹3,262.11
+13.6%
13.7%₹4,020.00₹2,425.00n/a35
Mar ’25₹2,832.10
₹3,273.54
+15.6%
13.3%₹4,020.00₹2,425.00n/a35
Feb ’25₹2,928.60
₹3,328.74
+13.7%
11.6%₹4,020.00₹2,500.00n/a35
Jan ’25₹3,394.55
₹3,245.94
-4.4%
11.9%₹4,020.00₹2,500.00n/a34
Dec ’24₹3,172.70
₹3,247.54
+2.4%
11.6%₹4,000.00₹2,500.00₹2,479.9535
Nov ’24₹2,935.35
₹3,234.33
+10.2%
11.4%₹4,000.00₹2,500.00₹2,940.0036
Oct ’24₹3,161.35
₹3,370.03
+6.6%
12.5%₹4,045.00₹2,500.00₹3,277.2034
Sep ’24₹3,259.95
₹3,380.03
+3.7%
12.2%₹4,045.00₹2,500.00₹3,126.8036
Aug ’24₹3,341.85
₹3,354.78
+0.4%
12.2%₹4,045.00₹2,500.00₹3,097.0537
Jul ’24₹3,361.70
₹3,216.47
-4.3%
11.1%₹3,880.00₹2,500.00₹2,927.1536
Jun ’24₹3,240.45
₹3,199.81
-1.3%
11.5%₹3,880.00₹2,500.00₹2,877.7036
May ’24₹2,901.30
₹3,059.09
+5.4%
11.7%₹3,615.00₹2,400.00₹2,877.0535
Apr ’24₹2,761.65
₹3,093.74
+12.0%
11.5%₹3,800.00₹2,500.00₹2,871.3035
Mar ’24₹2,841.40
₹3,134.18
+10.3%
11.4%₹3,800.00₹2,516.00₹2,832.1038
Feb ’24₹2,743.70
₹3,140.79
+14.5%
11.1%₹3,800.00₹2,516.00₹2,928.6039
Jan ’24₹3,091.80
₹3,353.41
+8.5%
10.1%₹3,822.00₹2,530.00₹3,394.5537
Dec ’23₹3,181.10
₹3,350.03
+5.3%
10.2%₹3,822.00₹2,530.00₹3,172.7037

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 19:39
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Asian Paints Limited is covered by 71 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Videesha ShethAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited
Amarjeet MauryaAngel Broking Private Limited