Asian Paints Future Growth

Future criteria checks 2/6

Asian Paints is forecast to grow earnings and revenue by 8.7% and 8.5% per annum respectively. EPS is expected to grow by 9.1% per annum. Return on equity is forecast to be 23.6% in 3 years.

Key information

8.7%

Earnings growth rate

9.1%

EPS growth rate

Chemicals earnings growth	23.1%
Revenue growth rate	8.5%
Future return on equity	23.6%
Analyst coverage	Good
Last updated	29 Nov 2024

Recent future growth updates

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

Nov 12

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

Jul 20

The Asian Paints Limited (NSE:ASIANPAINT) Annual Results Are Out And Analysts Have Published New Forecasts

May 12

Recent updates

Many Would Be Envious Of Asian Paints' (NSE:ASIANPAINT) Excellent Returns On Capital

Dec 02

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

Nov 12

What Asian Paints Limited's (NSE:ASIANPAINT) P/E Is Not Telling You

Oct 22

We Think Asian Paints (NSE:ASIANPAINT) Can Stay On Top Of Its Debt

Sep 27

With EPS Growth And More, Asian Paints (NSE:ASIANPAINT) Makes An Interesting Case

Aug 22

Asian Paints (NSE:ASIANPAINT) Might Become A Compounding Machine

Aug 05

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

Jul 20

It's Probably Less Likely That Asian Paints Limited's (NSE:ASIANPAINT) CEO Will See A Huge Pay Rise This Year

Jun 19

Asian Paints' (NSE:ASIANPAINT) Shareholders Will Receive A Bigger Dividend Than Last Year

Jun 05

Asian Paints (NSE:ASIANPAINT) Will Pay A Larger Dividend Than Last Year At ₹28.15

May 22

The Asian Paints Limited (NSE:ASIANPAINT) Annual Results Are Out And Analysts Have Published New Forecasts

May 12

Do Asian Paints' (NSE:ASIANPAINT) Earnings Warrant Your Attention?

Apr 28

Asian Paints Limited's (NSE:ASIANPAINT) Popularity With Investors Is Under Threat From Overpricing

Apr 09

Why You Should Care About Asian Paints' (NSE:ASIANPAINT) Strong Returns On Capital

Feb 19

Analyst Estimates: Here's What Brokers Think Of Asian Paints Limited (NSE:ASIANPAINT) After Its Third-Quarter Report

Jan 20

We Think Asian Paints (NSE:ASIANPAINT) Can Manage Its Debt With Ease

Jan 16

There's Reason For Concern Over Asian Paints Limited's (NSE:ASIANPAINT) Price

Jan 01

Earnings and Revenue Growth Forecasts

NSEI:ASIANPAINT - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	430,528	55,950	42,564	59,026	33
3/31/2026	390,373	50,100	34,174	54,509	36
3/31/2025	356,050	44,433	44,147	57,648	34
9/30/2024	347,781	45,691	26,428	46,734	N/A
6/30/2024	352,249	50,798	N/A	N/A	N/A
3/31/2024	354,375	54,602	39,046	61,036	N/A
12/31/2023	354,908	54,377	N/A	N/A	N/A
9/30/2023	350,245	50,626	42,414	62,079	N/A
6/30/2023	350,035	46,399	N/A	N/A	N/A
3/31/2023	344,301	41,065	29,201	41,934	N/A
12/31/2022	334,357	37,227	N/A	N/A	N/A
9/30/2022	333,262	36,658	21,923	29,019	N/A
6/30/2022	319,646	34,790	N/A	N/A	N/A
3/31/2022	289,819	30,306	4,483	9,865	N/A
12/31/2021	276,508	30,323	N/A	N/A	N/A
9/30/2021	259,120	32,549	15,102	19,087	N/A
6/30/2021	241,663	34,893	N/A	N/A	N/A
3/31/2021	215,036	31,393	34,015	36,834	N/A
12/31/2020	195,542	27,491	N/A	N/A	N/A
9/30/2020	181,860	22,751	22,436	25,850	N/A
6/30/2020	178,865	22,711	N/A	N/A	N/A
3/31/2020	200,685	27,101	26,346	30,382	N/A
12/31/2019	205,128	27,207	N/A	N/A	N/A
9/30/2019	203,556	25,929	19,199	24,776	N/A
6/30/2019	199,261	22,581	N/A	N/A	N/A
3/31/2019	190,845	21,617	13,188	24,695	N/A
12/31/2018	186,298	21,674	N/A	N/A	N/A
9/30/2018	176,012	20,864	N/A	N/A	N/A
6/30/2018	172,225	21,021	N/A	N/A	N/A
3/31/2018	166,475	19,689	N/A	21,134	N/A
12/31/2017	163,275	19,725	N/A	N/A	N/A
9/30/2017	159,241	18,692	N/A	N/A	N/A
6/30/2017	153,684	18,312	N/A	N/A	N/A
3/31/2017	149,119	19,136	N/A	15,273	N/A
12/31/2016	161,239	18,770	N/A	N/A	N/A
9/30/2016	160,195	18,798	N/A	N/A	N/A
6/30/2016	156,933	18,076	N/A	N/A	N/A
3/31/2016	141,245	17,452	N/A	22,430	N/A
12/31/2015	149,647	16,584	N/A	N/A	N/A
9/30/2015	144,646	15,633	N/A	N/A	N/A
6/30/2015	143,207	15,116	N/A	N/A	N/A
3/31/2015	140,682	13,952	N/A	11,877	N/A
12/31/2014	138,433	13,416	N/A	N/A	N/A
9/30/2014	136,531	13,028	N/A	N/A	N/A
6/30/2014	131,504	12,823	N/A	N/A	N/A
3/31/2014	126,435	12,188	N/A	14,020	N/A
12/31/2013	120,975	11,825	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASIANPAINT's forecast earnings growth (8.7% per year) is above the savings rate (6.7%).

Earnings vs Market: ASIANPAINT's earnings (8.7% per year) are forecast to grow slower than the Indian market (18.1% per year).

High Growth Earnings: ASIANPAINT's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASIANPAINT's revenue (8.5% per year) is forecast to grow slower than the Indian market (10.6% per year).

High Growth Revenue: ASIANPAINT's revenue (8.5% 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 (23.6%)

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 17:57
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Videesha Sheth	Ambit Capital
null null	Anand Rathi Shares and Stock Brokers Limited
Amarjeet Maurya	Angel Broking Private Limited

Asian Paints Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 12%

Price target decreased by 8.1% to ₹2,720

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

Price target decreased by 7.2% to ₹2,991

The Asian Paints Limited (NSE:ASIANPAINT) Annual Results Are Out And Analysts Have Published New Forecasts

Recent updates

Asian Paints Limited Announces Changes in Management

Many Would Be Envious Of Asian Paints' (NSE:ASIANPAINT) Excellent Returns On Capital

Consensus EPS estimates fall by 12%

Price target decreased by 8.1% to ₹2,720

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Asian Paints Limited Approves Payment of Interim Dividend for the Financial Year Ending 31 March 2025, Payable on or After 28 November 2024

What Asian Paints Limited's (NSE:ASIANPAINT) P/E Is Not Telling You

Asian Paints Limited Appoints Mr. Varun Berry as Independent Director

We Think Asian Paints (NSE:ASIANPAINT) Can Stay On Top Of Its Debt

Varun Berry Joins Asian Paints Board as Independent Director

With EPS Growth And More, Asian Paints (NSE:ASIANPAINT) Makes An Interesting Case

Asian Paints (NSE:ASIANPAINT) Might Become A Compounding Machine

Asian Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

First quarter 2025 earnings: EPS and revenues miss analyst expectations

Asian Paints Limited to Report Q2, 2025 Results on Oct 23, 2024

It's Probably Less Likely That Asian Paints Limited's (NSE:ASIANPAINT) CEO Will See A Huge Pay Rise This Year

Asian Paints Limited to Report Q1, 2025 Results on Jul 17, 2024

Asian Paints' (NSE:ASIANPAINT) Shareholders Will Receive A Bigger Dividend Than Last Year

Upcoming dividend of ₹28.15 per share

Asian Paints (NSE:ASIANPAINT) Will Pay A Larger Dividend Than Last Year At ₹28.15

Price target decreased by 7.2% to ₹2,991

The Asian Paints Limited (NSE:ASIANPAINT) Annual Results Are Out And Analysts Have Published New Forecasts

Asian Paints Limited, Annual General Meeting, Jun 25, 2024

Full year 2024 earnings: EPS and revenues miss analyst expectations

Asian Paints Limited Recommends Final Dividend for the Financial Year Ended 31 March 2024, Payable on or After June 27, 2024

Asian Paints Limited Appoints Gopichand Katragadda as an Independent Director

Do Asian Paints' (NSE:ASIANPAINT) Earnings Warrant Your Attention?

Asian Paints Limited's (NSE:ASIANPAINT) Popularity With Investors Is Under Threat From Overpricing

Asian Paints Limited Announces Pallavi Shroff Declines Re-Election as an Independent Director, Effective from March 31, 2024

Asian Paints Limited to Report Q4, 2024 Results on May 09, 2024

Why You Should Care About Asian Paints' (NSE:ASIANPAINT) Strong Returns On Capital

Asian Paints Limited (NSEI:ASIANPAINT) completed the acquisition of 51% stake in Harind Chemicals and Pharmaceuticals Private Limited from Aapex Power and Industries Private Limited, Swapan Ghosh and others for approximately INR 140 million.

Analyst Estimates: Here's What Brokers Think Of Asian Paints Limited (NSE:ASIANPAINT) After Its Third-Quarter Report

Asian Paints Limited Announces Completion of Tenure of Appointment of Suresh Narayanan as an Independent Director

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

We Think Asian Paints (NSE:ASIANPAINT) Can Manage Its Debt With Ease

There's Reason For Concern Over Asian Paints Limited's (NSE:ASIANPAINT) Price

Asian Paints Limited Appoints Soumitra Bhattacharya as an Additional and Independent Director

Asian Paints Limited Approves Payment of Interim Dividend for the Financial Year Ending 31 St March 2024, Payable on or After 13 November 2023

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Asian Paints Limited Appoints Ireena Vittal as an Additional and Independent Director

Asian Paints Limited Appoints Ireena Vittal as an Additional and Independent Director

Asian Paints Limited Approves Final Dividend for the Financial Year Ended 31St March, 2023

Asian Paints Limited Appoints Ireena Vittal as Independent Non-Executive Director

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Asian Paints Limited (NSEI:ASIANPAINT) acquired additional 11% stake in Obgenix Software Pvt. Ltd. from Pawan Mehta, Gagan Mehta for INR 540 million.

Asian Paints Limited to Report Q2, 2024 Results on Oct 26, 2023

Upcoming dividend of ₹21.25 per share at 0.8% yield

Full year 2023 earnings: EPS exceeds analyst expectations

Asian Paints Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023, Payable on or after June 30, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of ₹4.40 per share

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Asian Paints Limited (NSEI:ASIANPAINT) entered into definitive agreements to acquire 51% stake in Harind Chemicals and Pharmaceuticals Private Limited from Aapex Power and Industries Private Limited, Swapan Ghosh and others for INR 127.5 million.

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Asian Paints Limited to Report Q3, 2023 Results on Jan 19, 2023

Upcoming dividend of ₹15.50 per share

Asian Paints Limited, Annual General Meeting, Jun 29, 2022

Full year 2022 earnings: EPS misses analyst expectations

Asian Paints Limited Announces Appointment of Directors

Asian Paints Limited (NSEI:ASIANPAINT) agreed to acquire WEATHERSEAL FENESTRATION PRIVATE LIMITED Harish Munireddy, and Pratibha SB for INR 1900 million.

Third quarter 2022 earnings: Revenues exceed analyst expectations

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status