Asian Paints Financials
NSE: ASIANPAINT | BSE: 500820
₹2,527.30
As on 04-Sep-2026 15:59IST
Market cap
₹2,42,461 Cr
Revenue (TTM)
₹37,187 Cr
P/E Ratio
50.9
P/B Ratio
10.6
Div. Yield
1.1 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
37,186.93
|
35,583.54
|
33,905.62
|
35,494.73
|
34,488.59
|
29,101.28
|
|||||
|
Total Income
|
37,958.79
|
36,307.34
|
34,478.23
|
36,182.69
|
34,875.07
|
29,481.29
|
|||||
|
Total Expenditure
|
29,947.22
|
28,887.62
|
27,899.41
|
27,909.75
|
28,228.75
|
24,297.67
|
|||||
|
EBITDA
|
7,239.71
|
6,695.92
|
6,006.21
|
7,584.98
|
6,259.84
|
4,803.61
|
|||||
|
Depreciation
|
1,232.17
|
1,228.85
|
1,026.34
|
853.00
|
858.02
|
816.36
|
|||||
|
EBIT
|
6,007.54
|
5,467.07
|
4,979.87
|
6,731.98
|
5,401.82
|
3,987.25
|
|||||
|
Interest
|
198.74
|
195.41
|
227.02
|
205.17
|
144.45
|
95.41
|
|||||
|
Other Income
|
771.86
|
723.80
|
572.61
|
687.96
|
386.48
|
380.01
|
|||||
|
Exceptional Items
|
-157.61
|
-157.61
|
-363.10
|
--
|
-48.87
|
-115.70
|
|||||
|
Profit before Tax
|
6,423.05
|
6,003.44
|
5,103.07
|
7,347.77
|
5,688.83
|
4,187.72
|
|||||
|
Provision for Tax
|
1,753.39
|
1,608.75
|
1,393.36
|
1,790.08
|
1,493.50
|
1,102.91
|
|||||
|
Profit after Tax
|
4,669.66
|
4,394.69
|
3,709.71
|
5,557.69
|
4,195.33
|
3,084.81
|
|||||
|
Minority Interest
|
-72.26
|
-69.34
|
-42.48
|
-97.46
|
-88.88
|
-54.24
|
|||||
|
Share of Associate
|
167.43
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Consolidated Profit
|
4,764.83
|
4,325.35
|
3,667.23
|
5,460.23
|
4,106.45
|
3,030.57
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
21,371.59
|
21,371.59
|
19,399.81
|
18,728.30
|
15,992.23
|
13,811.56
|
|||||
|
Minority Interest
|
-72.26
|
643.39
|
659.24
|
695.38
|
453.66
|
387.53
|
|||||
|
Non-Current Liabilities
|
3,382.48
|
3,366.74
|
2,154.97
|
1,976.13
|
1,437.51
|
1,188.35
|
|||||
|
Current Liabilities
|
9,137.03
|
9,137.03
|
8,141.23
|
8,500.96
|
7,895.93
|
7,570.99
|
|||||
|
Total Liabilities
|
34,534.49
|
34,518.75
|
30,355.25
|
29,900.77
|
25,779.33
|
22,958.43
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
10,263.40
|
14,334.11
|
13,363.57
|
12,363.71
|
9,244.17
|
7,806.10
|
|||||
|
Current Assets
|
20,184.64
|
20,184.64
|
16,991.68
|
17,537.06
|
16,535.16
|
15,144.20
|
|||||
|
Total Assets
|
34,534.49
|
34,518.75
|
30,355.25
|
29,900.77
|
25,779.33
|
22,958.43
|
|||||
|
Total Debt*
|
--
|
2,293.26
|
863.75
|
1,107.14
|
972.21
|
775.66
|
|||||
|
Net Current Assets
|
11,047.61
|
11,047.61
|
8,850.45
|
9,036.10
|
8,639.23
|
7,573.21
|
|||||
|
Contingent Liabilities
|
--
|
564.97
|
481.64
|
695.82
|
529.52
|
519.74
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
7,088.18
|
4,423.96
|
6,103.60
|
4,193.43
|
986.49
|
|||||
|
Cash Flow from Investing Activities
|
--
|
-1,334.07
|
-874.12
|
-2,517.63
|
-1,274.64
|
-321.69
|
|||||
|
Cash from Financing Activities
|
--
|
-2,376.51
|
-3,752.58
|
-2,982.50
|
-2,140.05
|
-1,807.61
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
3,377.60
|
-202.74
|
603.47
|
778.74
|
-1,142.81
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
50.90
|
45.09
|
38.23
|
56.92
|
42.81
|
31.59
|
|||||
|
Cash EPS (₹)
|
49.68
|
58.63
|
49.38
|
66.83
|
52.68
|
40.67
|
|||||
|
Adjusted Book Value (₹)
|
237.98
|
222.12
|
201.66
|
194.75
|
166.45
|
143.85
|
|||||
|
Dividend per Share (₹)
|
1.09
|
27.50
|
24.80
|
33.30
|
25.65
|
19.15
|
|||||
|
Cash Flow per Share (₹)
|
--
|
73.90
|
46.12
|
63.63
|
43.72
|
10.28
|
|||||
|
Free Cash Flow per Share (₹)
|
--
|
58.51
|
24.35
|
40.92
|
29.56
|
5.79
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
28.22
|
26.58
|
41.05
|
36.98
|
30.88
|
|||||
|
ROE (%)
|
23.84
|
21.62
|
19.51
|
32.08
|
28.19
|
23.19
|
|||||
|
ROA (%)
|
14.39
|
13.55
|
12.31
|
19.96
|
17.22
|
14.24
|
|||||
|
EBIT Margin (%)
|
16.15
|
15.36
|
14.69
|
18.97
|
15.66
|
13.70
|
|||||
|
Net Margin (%)
|
12.30
|
12.10
|
10.76
|
15.36
|
12.03
|
10.46
|
|||||
|
Cash Profit Margin (%)
|
--
|
12.57
|
11.29
|
14.96
|
12.30
|
11.35
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
9.78
|
4.95
|
-4.48
|
2.92
|
18.51
|
34.03
|
|||||
|
EBIT Growth (%)
|
24.18
|
9.78
|
-26.03
|
24.62
|
35.48
|
-1.90
|
|||||
|
Net Profit Growth (%)
|
26.53
|
18.46
|
-33.25
|
32.47
|
36.00
|
-3.80
|
|||||
|
EPS Growth (%)
|
32.47
|
17.95
|
-32.84
|
32.97
|
35.50
|
-3.46
|
|||||
|
Book Value Growth (%)
|
--
|
10.15
|
3.55
|
17.00
|
15.71
|
7.75
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
50.89
|
48.00
|
61.14
|
50.00
|
64.51
|
97.54
|
|||||
|
Price / Book Value
|
10.62
|
9.74
|
11.59
|
14.61
|
16.59
|
21.42
|
|||||
|
Dividend Yield (%)
|
1.09
|
1.27
|
1.06
|
1.17
|
0.93
|
0.62
|
|||||
|
EV/EBITDA
|
30.42
|
28.15
|
34.10
|
33.00
|
39.88
|
57.01
|
|||||
|
Close Price (₹)
|
2,635.70
|
2,165.20
|
2,340.65
|
2,846.75
|
2,761.65
|
3,079.95
|
|||||
|
High Price (₹)
|
2,985.70
|
2,985.70
|
3,394.90
|
3,568.00
|
3,590.00
|
3,590.00
|
|||||
|
Low Price (₹)
|
2,115.00
|
2,115.00
|
2,124.75
|
2,705.90
|
2,560.00
|
2,484.05
|
|||||
|
Market Cap (₹ Cr)
|
2,42,461.22
|
2,07,619.28
|
2,24,231.43
|
2,72,989.97
|
2,64,896.51
|
2,95,602.07
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
0.06
|
0.11
|
0.04
|
0.06
|
0.06
|
0.06
|
|||||
|
Short term debt to equity ratio
|
--
|
0.05
|
0.03
|
0.05
|
0.05
|
0.05
|
|||||
|
Current Ratio
|
2.21
|
2.21
|
2.09
|
2.06
|
2.09
|
2.00
|
|||||
|
Quick Ratio
|
1.58
|
1.58
|
1.26
|
1.37
|
1.31
|
1.19
|
|||||
|
Interest Coverage
|
33.32
|
31.72
|
23.48
|
36.81
|
40.38
|
44.89
|
Operating Efficiency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
12.00
|
12.54
|
12.72
|
13.77
|
13.44
|
13.30
|
|||||
|
Asset Turnover
|
1.15
|
1.38
|
1.39
|
1.54
|
1.69
|
1.59
|
|||||
|
Receivable days
|
--
|
35.79
|
40.05
|
40.58
|
37.79
|
34.37
|
|||||
|
Inventory Days
|
--
|
50.83
|
55.02
|
51.69
|
54.92
|
52.83
|
|||||
|
Payable days
|
--
|
74.98
|
74.21
|
71.18
|
70.10
|
80.78
|
|||||
|
Cash Conversion Cycle
|
--
|
11.64
|
20.86
|
21.08
|
22.61
|
6.41
|