Asian Paints Peer Comparison

NSE: ASIANPAINT | BSE: 500820

₹2,284.60

₹7.60 (0.33%)

As on 28-Oct-2026IST

Market cap

₹2,19,177 Cr

Revenue (TTM)

₹37,187 Cr

P/E Ratio

P/B Ratio

9.6

Div. Yield

1.2 %

Edit

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Market cap (₹ Cr)	2,19,177	53,916	14,633	12,571	4,828
Revenue (₹ Cr)	37,187	12,263	8,263	3,591	1,466
Net Profit (₹ Cr)	4,669.66	1,166.34	588.66	1,962.50	163.25
Net Margin (%)	12.30	9.42	7.00	52.95	11.01
RoE (%)	23.84	18.66	9.81	16.31	14.89
Price to Earnings	46.00	44.32	24.38	6.41	30.00
Price-To-Book	9.60	7.38	2.11	4.97	4.09

Income Statement (₹ Cr)

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Operating Revenue	37,186.93	12,263.24	8,263.47	3,590.90	1,385.31
Total Income	37,958.79	12,380.38	8,411.74	3,706.00	1,401.66
Total Expenditure	29,947.22	10,350.91	7,263.65	3,101.80	1,120.25
EBITDA	7,239.71	1,912.33	999.82	489.10	265.06
Depreciation	1,232.17	401.17	238.01	77.40	56.16
EBIT	6,007.54	1,511.16	761.81	411.70	208.90
Interest	198.74	55.55	32.95	12.00	2.37
Other Income	771.86	117.14	148.27	115.10	16.34
Exceptional Items	-157.61	-16.48	-63.15	1,845.90	-5.85
Profit before Tax	6,423.05	1,556.27	813.98	2,360.70	217.02
Provision for Tax	1,753.39	389.93	225.32	398.20	55.63
Profit after Tax	4,669.66	1,166.34	588.66	1,962.50	161.40

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Shareholder's Funds	21,371.59	6,916.16	6,713.78	2,451.60	1,182.35
Minority Interest	-72.26	-1.41	11.48	0.00	0.00
Non-Current Liabilities	3,382.48	561.48	365.11	200.50	44.67
Current Liabilities	9,137.03	2,565.88	1,657.15	1,143.20	342.92
Total Liabilities	34,518.75	13,273.00	8,711.11	5,600.50	--

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Non-Current Assets	10,263.40	3,797.78	2,317.67	1,561.30	740.95
Current Assets	20,184.64	5,427.10	5,773.67	1,787.10	763.17
Total Assets	34,518.75	13,273.00	8,711.11	5,600.50	--
Total Debt*	2,293.26	142.24	82.68	0.00	--
Net Current Assets	11,047.61	2,861.22	4,116.52	643.90	420.25
Contingent Liabilities	564.97	244.56	44.79	53.70	--

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Cash From Operating Activities	7,088.18	1,540.04	894.37	93.20	--
Cash Flow from Investing Activities	-1,334.07	-976.04	-382.65	803.70	--
Cash from Financing Activities	-2,376.51	-612.59	-403.30	-875.40	--
Net Cash Inflow / Outflow	3,377.60	-48.59	108.42	21.50	--

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
ROCE (%)	28.22	23.14	12.44	125.82	--
ROE (%)	23.84	18.66	9.81	16.31	14.61
ROA (%)	14.39	12.16	6.95	58.59	11.03
EBIT Margin (%)	16.15	12.32	9.22	11.47	15.08
Net Margin (%)	12.30	9.42	7.00	52.95	11.51
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Revenue Growth (%)	9.78	5.22	5.24	-11.12	8.39
EBIT Growth (%)	24.18	0.67	7.39	-21.01	18.82
Net Profit Growth (%)	33.43	5.34	-46.49	383.49	12.21
EPS Growth (%)	26.53	5.24	3.47	-5.42	15.11
Book Value Growth (%)	10.15	12.39	4.53	84.38	--

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Price / Earnings	44.89	43.80	22.61	3.27	29.10
Price / Book Value	9.60	7.38	2.11	4.97	3.99
Dividend Yield (%)	1.20	0.87	1.38	7.46	0.49
EV/EBITDA	29.57	27.61	12.13	25.04	16.97
Market Cap (₹ Cr)	2,07,619.28	47,829.89	13,509.49	12,925.09	--

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Debt to Equity	0.06	0.00	0.00	0.00	0.00
Short term debt to equity ratio	0.05	0.02	0.01	--	--
Current Ratio	2.21	2.12	3.48	1.56	2.23
Quick Ratio	1.58	1.18	2.56	1.06	1.72
Interest Coverage	33.32	29.02	25.70	197.73	92.61

	Asian Paints	Berger Paints	Kansai Nerolac	JSW Dulux	Indigo Paints
Debtors to sales (%)	12.00	12.76	17.76	16.79	18.57
Asset Turnover	1.15	1.28	0.98	1.07	0.95
Receivable days	35.79	39.36	57.19	60.23	--
Inventory Days	50.83	60.42	64.70	59.62	--
Payable days	74.98	98.84	79.48	144.42	--
Cash Conversion Cycle	11.64	0.94	42.40	-24.57	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.