Asian Paints
Market Cap
₹1.7t
Last Updated
2019/12/15 12:48 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.
Rewards
Risk Analysis
No risks detected for ASIANPAINT from our risk checks.
Snowflake Analysis
Flawless balance sheet with outstanding track record and pays a dividend.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.6%
ASIANPAINT
0.6%
IN Chemicals
0.8%
IN Market
1 Year Return
30.1%
ASIANPAINT
6.9%
IN Chemicals
3.6%
IN Market
Return vs Industry: ASIANPAINT exceeded the Indian Chemicals industry which returned 6.9% over the past year.
Return vs Market: ASIANPAINT exceeded the Indian Market which returned 3.6% over the past year.
Shareholder returns
| ASIANPAINT | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 0.6% | 0.8% |
| 30 Day | -1.0% | -0.6% | 0.7% |
| 90 Day | 14.6% | 5.7% | 7.1% |
| 1 Year | 31.0%30.1% | 9.5%6.9% | 5.6%3.6% |
| 3 Year | 98.4%93.8% | 53.5%47.3% | 34.1%27.0% |
| 5 Year | 147.5%137.9% | 112.9%97.1% | 41.4%28.6% |
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
2 days ago | Simply Wall St
Why Asian Paints Limited (NSE:ASIANPAINT) Is A Top Dividend Stock1 week ago | Simply Wall St
Has Asian Paints Limited (NSE:ASIANPAINT) Improved Earnings Growth In Recent Times?3 weeks ago | Simply Wall St
Should You Be Adding Asian Paints (NSE:ASIANPAINT) To Your Watchlist Today?Valuation
Is Asian Paints undervalued compared to its fair value and its price relative to the market?
64.51x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ASIANPAINT (₹1743.95) is trading above our estimate of fair value (₹497.67)
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 (64.5x) compared to the Chemicals industry average (10.5x).
PE vs Market: ASIANPAINT is poor value based on its PE Ratio (64.5x) compared to the Indian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: ASIANPAINT is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: ASIANPAINT is overvalued based on its PB Ratio (16.6x) compared to the IN Chemicals industry average (1x).
Next Steps
Future Growth
How is Asian Paints forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
16.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASIANPAINT's forecast earnings growth (16.4% per year) is above the savings rate (6.5%).
Earnings vs Market: ASIANPAINT's earnings (16.4% per year) are forecast to grow slower than the Indian market (19.6% per year).
High Growth Earnings: ASIANPAINT's earnings are forecast to grow, but not significantly.
Revenue vs Market: ASIANPAINT's revenue (13.1% per year) is forecast to grow faster than the Indian market (11.6% per year).
High Growth Revenue: ASIANPAINT's revenue (13.1% 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 (29.4%)
Next Steps
Past Performance
How has Asian Paints performed over the past 5 years?
10.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASIANPAINT has high quality earnings.
Growing Profit Margin: ASIANPAINT's current net profit margins (12.7%) are higher than last year (11.9%).
Past Earnings Growth Analysis
Earnings Trend: ASIANPAINT's earnings have grown by 10.8% per year over the past 5 years.
Accelerating Growth: ASIANPAINT's earnings growth over the past year (24.3%) exceeds its 5-year average (10.8% per year).
Earnings vs Industry: ASIANPAINT earnings growth over the past year (24.3%) exceeded the Chemicals industry 10.4%.
Return on Equity
High ROE: ASIANPAINT's Return on Equity (25.4%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Asian Paints's financial position?
Financial Position Analysis
Short Term Liabilities: ASIANPAINT's short term assets (₹80.3B) exceed its short term liabilities (₹48.5B).
Long Term Liabilities: ASIANPAINT's short term assets (₹80.3B) exceed its long term liabilities (₹11.8B).
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 6.2% to 3% over the past 5 years.
Debt Coverage: ASIANPAINT's debt is well covered by operating cash flow (795.2%).
Interest Coverage: ASIANPAINT earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: ASIANPAINT has a high level of physical assets or inventory.
Debt Coverage by Assets: ASIANPAINT's debt is covered by short term assets (assets are 25.8x debt).
Next Steps
Dividend
What is Asian Paints's current dividend yield, its reliability and sustainability?
0.63%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ASIANPAINT's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: ASIANPAINT's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (2.54%).
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 reasonably low payout ratio (40.7%), ASIANPAINT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASIANPAINT's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).
Next Steps
Management
What is the CEO of Asian Paints's salary, the management and board of directors tenure and is there insider trading?
6.2yrs
Average board tenure
CEO
Kanwar Bir Anand (64yo)
7.7yrs
Tenure
₹118,080,982
Compensation
Mr. Kanwar Bir Singh Anand, B.Tech, PGDM, has been the Managing Director and Chief Executive Officer of Asian Paints Limited since April 1, 2012 and served as its President of decorative business unit. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Kanwar Bir's total compensation ($USD1.67M) is above average for companies of similar size in the Indian market ($USD1.17M).
Compensation vs Earnings: Kanwar Bir's compensation has been consistent with company performance over the past year.
Board Age and Tenure
6.2yrs
Average Tenure
69yo
Average Age
Experienced Board: ASIANPAINT's board of directors are considered experienced (6.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Amit Syngle (53yo)
Chief Operating Officer
- Tenure: 0yrs
- Compensation: ₹31.25m
Kanwar Bir Anand (64yo)
MD, CEO & Director
- Tenure: 7.7yrs
- Compensation: ₹118.08m
Vivek Subramanian (60yo)
General Manager of Materials
- Tenure: 0yrs
- Compensation: ₹7.08m
Jaideep Nandi (54yo)
Chief Executive Officer of Asian Paints PPG Pvt Ltd
- Tenure: 0yrs
- Compensation: ₹17.99m
Aashish Kshetry (51yo)
Vice President of Supply Chain
- Tenure: 0yrs
- Compensation: ₹16.65m
B. Mallik (63yo)
Vice President of Technology
- Tenure: 0yrs
- Compensation: ₹17.23m
R. Jeyamurugan (54yo)
CFO & Company Secretary
- Tenure: 0.08yrs
- Compensation: ₹16.16m
Satish Kulkarni (50yo)
Vice President of Projects & Services
- Tenure: 0yrs
- Compensation: ₹17.52m
Amit Baveja (44yo)
Chief Internal Auditor
- Tenure: 0yrs
Arun Nair
Manager of Corporate Communications
- Tenure: 0yrs
Board Members
Deepak Satwalekar (71yo)
Independent Director
- Tenure: 19.6yrs
- Compensation: ₹3.68m
Abhay Vakil (69yo)
Non-Executive Director
- Tenure: 5.4yrs
- Compensation: ₹4.19m
Ashwin Dani (77yo)
Non-Executive Chairman
- Tenure: 1.1yrs
- Compensation: ₹4.74m
Manish Choksi (52yo)
Non-Executive Vice Chairman
- Tenure: 1.1yrs
- Compensation: ₹2.45m
Kanwar Bir Anand (64yo)
MD, CEO & Director
- Tenure: 7.7yrs
- Compensation: ₹118.08m
Swaminathan Sivaram (73yo)
Independent Director
- Tenure: 18.4yrs
- Compensation: ₹3.17m
Malav Dani (44yo)
Non-Executive Director
- Tenure: 6.2yrs
- Compensation: ₹3.50m
Amrita Vakil
Non-Executive Director
- Tenure: 0yrs
- Compensation: ₹3.21m
M. Sharma (72yo)
Independent Director
- Tenure: 7.2yrs
- Compensation: ₹4.22m
Vibha Rishi (59yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: ₹3.28m
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: ₹1.673t
- 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 | 2019/12/15 12:48 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.