Asian Paints
Market Cap
₹2.1t
Last Updated
2020/11/28 12:07 UTC
Data Sources
Company Financials +
Executive Summary
Asian Paints Limited, together with its subsidiaries, manufactures, sells, and distributes paints and coatings for decorative and industrial use in India and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Asian Paints's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASIANPAINT is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ASIANPAINT's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.3%
ASIANPAINT
1.5%
IN Chemicals
1.8%
IN Market
1 Year Return
29.8%
ASIANPAINT
25.7%
IN Chemicals
7.9%
IN Market
Return vs Industry: ASIANPAINT exceeded the Indian Chemicals industry which returned 25.7% over the past year.
Return vs Market: ASIANPAINT exceeded the Indian Market which returned 7.9% over the past year.
Shareholder returns
| ASIANPAINT | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 1.5% | 1.8% |
| 30 Day | -0.5% | 6.2% | 10.6% |
| 90 Day | 13.1% | 8.1% | 9.7% |
| 1 Year | 30.7%29.8% | 28.9%25.7% | 9.9%7.9% |
| 3 Year | 99.5%95.4% | 41.6%34.6% | 8.5%3.2% |
| 5 Year | 175.5%165.4% | 153.5%135.6% | 55.7%43.9% |
Long-Term Price Volatility Vs. Market
How volatile is Asian Paints's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Asian Paints (NSE:ASIANPAINT) Seems To Use Debt Quite Sensibly2 weeks ago | Simply Wall St
Is Asian Paints Limited's(NSE:ASIANPAINT) Recent Stock Performance Tethered To Its Strong Fundamentals?1 month ago | Simply Wall St
Asian Paints Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearValuation
Is Asian Paints undervalued compared to its fair value and its price relative to the market?
93.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASIANPAINT (₹2215.3) is trading above our estimate of fair value (₹428.65)
Significantly Below Fair Value: ASIANPAINT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ASIANPAINT is poor value based on its PE Ratio (93.4x) compared to the IN Chemicals industry average (15.7x).
PE vs Market: ASIANPAINT is poor value based on its PE Ratio (93.4x) compared to the Indian market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: ASIANPAINT is poor value based on its PEG Ratio (4.5x)
Price to Book Ratio
PB vs Industry: ASIANPAINT is overvalued based on its PB Ratio (19.3x) compared to the IN Chemicals industry average (1.1x).
Next Steps
Future Growth
How is Asian Paints forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?
20.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASIANPAINT's forecast earnings growth (20.9% per year) is above the savings rate (7.2%).
Earnings vs Market: ASIANPAINT's earnings (20.9% per year) are forecast to grow slower than the Indian market (24.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ASIANPAINT's revenue (16.3% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: ASIANPAINT's revenue (16.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASIANPAINT's Return on Equity is forecast to be high in 3 years time (28.3%)
Next Steps
Past Performance
How has Asian Paints performed over the past 5 years?
8.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASIANPAINT has high quality earnings.
Growing Profit Margin: ASIANPAINT's current net profit margins (12.5%) are lower than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: ASIANPAINT's earnings have grown by 8.9% per year over the past 5 years.
Accelerating Growth: ASIANPAINT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ASIANPAINT had negative earnings growth (-12.3%) over the past year, making it difficult to compare to the Chemicals industry average (-1.6%).
Return on Equity
High ROE: ASIANPAINT's Return on Equity (20.4%) is considered high.
Next Steps
Financial Health
How is Asian Paints's financial position?
Financial Position Analysis
Short Term Liabilities: ASIANPAINT's short term assets (₹90.9B) exceed its short term liabilities (₹47.3B).
Long Term Liabilities: ASIANPAINT's short term assets (₹90.9B) exceed its long term liabilities (₹12.0B).
Debt to Equity History and Analysis
Debt Level: ASIANPAINT's debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: ASIANPAINT's debt to equity ratio has reduced from 8.7% to 3% over the past 5 years.
Debt Coverage: ASIANPAINT's debt is well covered by operating cash flow (746.9%).
Interest Coverage: ASIANPAINT earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Asian Paints's current dividend yield, its reliability and sustainability?
0.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASIANPAINT's dividend (0.54%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).
High Dividend: ASIANPAINT's dividend (0.54%) is low compared to the top 25% of dividend payers in the Indian market (2.1%).
Stability and Growth of Payments
Stable Dividend: ASIANPAINT's dividends per share have been stable in the past 10 years.
Growing Dividend: ASIANPAINT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.6%), ASIANPAINT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASIANPAINT's dividends in 3 years are forecast to be well covered by earnings (41.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average board tenure
CEO
Amit Syngle (54 yo)
0.58
Tenure
₹31,247,068
Compensation
Mr. Amit Syngle has been the Managing Director, Chief Executive Officer and Director of Asian Paints Limited since April 1, 2020. Mr. Syngle has been working with Asian Paints for the last 30 years in vari...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Additional Director | 0.58yr | ₹31.25m | 0.000060% ₹ 1.3m | |
| Independent Director | 20.5yrs | ₹3.35m | no data | |
| Independent Director | 3.83yrs | ₹3.23m | 0.00016% ₹ 3.4m | |
| Non-Executive Director | 6.33yrs | ₹3.79m | 2.66% ₹ 56.6b | |
| Non-Executive Chairman | 2yrs | ₹4.33m | 0.12% ₹ 2.5b | |
| Non-Executive Vice Chairman | 2yrs | ₹20.87m | 0.25% ₹ 5.3b | |
| Independent Director | 19.33yrs | ₹3.01m | no data | |
| Non-Executive Director | 7.08yrs | ₹3.08m | 0.34% ₹ 7.3b | |
| Non-Executive Director | 6.5yrs | ₹2.93m | 0.27% ₹ 5.7b | |
| Independent Director | 8.08yrs | ₹3.67m | no data | |
| Independent Director | 6.42yrs | ₹2.90m | no data | |
| Additional Non Executive Director | 1.58yrs | ₹2.90m | no data |
6.4yrs
Average Tenure
65yo
Average Age
Experienced Board: ASIANPAINT's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ASIANPAINT insiders have bought and sold the same number of shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Asian Paints Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Asian Paints Limited
- Ticker: ASIANPAINT
- Exchange: NSEI
- Founded: 1942
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: ₹2.125t
- Shares outstanding: 959.20m
- Website: https://www.asianpaints.com
Number of Employees
Location
- Asian Paints Limited
- Asian Paints House
- 6A, Shantinagar
- Mumbai
- Maharashtra
- 400055
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500820 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | May 1995 |
| ASIANPAINT | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | May 1995 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/28 12:07 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.