Asian Paints Key Ratios
NSE: ASIANPAINT | BSE: 500820
₹2,653.60
As on 31-Aug-2026IST
Market cap
₹2,47,176 Cr
Revenue (TTM)
₹37,187 Cr
P/E Ratio
51.9
P/B Ratio
10.8
Div. Yield
1.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 14.01 | 17.94 | 9.78 | 1.98 | 8.81 |
| EBIT | 26.27 | 40.82 | 24.18 | 0.17 | 6.02 |
| Net Profit | 31.32 | 39.96 | 26.53 | 1.58 | 6.95 |
| EPS | 31.32 | 39.96 | 32.47 | 0.89 | 6.43 |
| Book Value | -- | -- | 10.15 | 10.10 | 10.72 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 17.48 | 15.68 | 16.15 | 15.36 | 14.69 |
| Net Margin
| 13.93 | 12.14 | 12.30 | 12.10 | 10.76 |
| Return on equity
| 24.06 | 24.92 | 23.84 | 21.62 | 19.51 |
| Return on Capital
| 32.44 | 32.74 | -- | 28.22 | 26.58 |
| Return on Assets
| 16.82 | 15.46 | 14.39 | 13.55 | 12.31 |
| Debt to Equity (x)
| -- | -- | 0.06 | 0.11 | 0.04 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
28.22
|
26.58
|
41.05
|
36.98
|
|
Peer Median
|
--
|
21.71
|
30.37
|
25.47
|
--
|
ROE
23.84
Higher than Peers by 6.88
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
23.84
|
21.62
|
19.51
|
32.08
|
28.19
|
|
Peer Median
|
16.96
|
16.52
|
23.51
|
19.63
|
--
|
ROA
14.39
Higher than Peers by 1.16
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
14.39
|
13.55
|
12.31
|
19.96
|
17.22
|
|
Peer Median
|
13.23
|
10.76
|
13.77
|
11.02
|
--
|
EBIT Margin
16.15
Higher than Peers by 2.43
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
16.15
|
15.36
|
14.69
|
18.97
|
15.66
|
|
Peer Median
|
13.72
|
13.38
|
13.27
|
14.08
|
--
|
Net Margin
12.30
Higher than Peers by 1.20
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
12.30
|
12.10
|
10.76
|
15.36
|
12.03
|
|
Peer Median
|
11.10
|
11.26
|
13.08
|
10.39
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
12.57
|
11.29
|
14.96
|
12.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.78
Higher than Peers by 6.79
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
9.78
|
4.95
|
-4.48
|
2.92
|
18.51
|
|
Peer Median
|
2.99
|
7.37
|
2.87
|
5.08
|
--
|
EBIT Growth
24.18
Higher than Peers by 23.77
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
24.18
|
9.78
|
-26.03
|
24.62
|
35.48
|
|
Peer Median
|
0.41
|
15.06
|
-4.87
|
24.87
|
--
|
Net Profit Growth
26.53
Higher than Peers by 23.25
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
26.53
|
18.46
|
-33.25
|
32.47
|
36.00
|
|
Peer Median
|
3.28
|
20.82
|
-4.55
|
28.26
|
--
|
EPS Growth
32.47
Higher than Peers by 32.97
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
32.47
|
17.95
|
-32.84
|
32.97
|
35.50
|
|
Peer Median
|
-0.50
|
11.00
|
-4.67
|
19.74
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
10.15
|
3.55
|
17.00
|
15.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.06
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
0.06
|
0.11
|
0.04
|
0.06
|
0.06
|
|
Peer Median
|
--
|
0.02
|
0.01
|
0.02
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
0.05
|
0.03
|
0.05
|
0.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.21
Higher than Peers by 0.00
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
2.21
|
2.21
|
2.09
|
2.06
|
2.09
|
|
Peer Median
|
2.21
|
2.13
|
2.12
|
2.03
|
--
|
Quick Ratio
1.58
Lower than Peers by 0.00
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
1.58
|
1.58
|
1.26
|
1.37
|
1.31
|
|
Peer Median
|
1.58
|
1.65
|
1.55
|
1.48
|
--
|
Interest Coverage
33.32
Lower than Peers by 17.66
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
33.32
|
31.72
|
23.48
|
36.81
|
40.38
|
|
Peer Median
|
50.98
|
29.29
|
50.64
|
36.86
|
--
|
Operating Efficiency
Debtors to sales
12.00
Lower than Peers by 3.96
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
12.00
|
12.54
|
12.72
|
13.77
|
13.44
|
|
Peer Median
|
15.96
|
17.27
|
15.82
|
15.80
|
--
|
Asset Turnover
1.15
Higher than Peers by 0.04
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
1.15
|
1.38
|
1.39
|
1.54
|
1.69
|
|
Peer Median
|
1.10
|
1.02
|
1.06
|
1.32
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
35.79
|
40.05
|
40.58
|
37.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
50.83
|
55.02
|
51.69
|
54.92
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
74.98
|
74.21
|
71.18
|
70.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
--
|
11.64
|
20.86
|
21.08
|
22.61
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
51.88
Higher than Peers by 16.37
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
51.88
|
48.00
|
61.14
|
50.00
|
64.51
|
|
Peer Median
|
35.50
|
35.50
|
37.80
|
38.29
|
--
|
Price / Book Value
10.83
Higher than Peers by 5.48
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
10.83
|
9.74
|
11.59
|
14.61
|
16.59
|
|
Peer Median
|
5.35
|
5.35
|
8.06
|
7.94
|
--
|
Dividend Yield
1.07
Higher than Peers by 0.13
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
1.07
|
1.27
|
1.06
|
1.17
|
0.93
|
|
Peer Median
|
0.93
|
0.93
|
0.89
|
0.96
|
--
|
EV/EBITDA
31.00
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
31.00
|
28.15
|
34.10
|
33.00
|
39.88
|
|
Peer Median
|
--
|
29.79
|
28.18
|
37.76
|
--
|
Market Cap
2,47,176
Higher than Peers by 2,32,187
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Asian Paints
|
2,47,176
|
2,07,619
|
2,24,231
|
2,72,990
|
2,64,897
|
|
Peer Median
|
14,988
|
14,988
|
17,743
|
16,734
|
--
|