NSE/ASIANPAINT

ASIANPAINTAsian Paints Ltd

Consumer Goods · NSE

₹2,464+0.97%

52-wk low52-WEEK RANGE52-wk high

₹2,121.3+16.2% from low ·-17.0% from high₹2,968.5

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

ASIANPAINT+2.19% · 1Y

Range high ₹2,985.7Range low ₹2,115Latest ₹2,464252 bars · daily-close · NSE bhavcopy + 10Y history

Consumer GoodsSpecialty ChemicalsLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite13/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return +0.8%
· Below 200-DMA (-0.1%) — downtrend

Valuation

High

Looks expensive vs the sector.

· P/E 62.7 — 38% above sector median 45.4
· P/B 12.32 above sector median

Growth

Low

Lagging the market in growth.

· Revenue YoY +3.7% — slow
· Profit YoY -4.6% — earnings slipping

Profitability

Medium

Average profitability vs peers.

· ROE 19.6%

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeC(56/100)

Durability

81/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score5/9 (56pt)
Altman Z" score4.78 (100pt)
Debt/Equity0.18 (100pt)
ROE19.6% (79pt)

Valuation

29/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (62.7 / 45.4)138% (37pt)
P/B12.32 (40pt)
Dividend yield1.02% (26pt)
EV/EBITDA40.1 (0pt)

Momentum

57/100

Constructive setup — momentum building, not extended.

Show 5 drivers

52w change+0.8% (46pt)
DMA-trend alignmentsideways (50pt)
RSI (14)65.4 (90pt)
Price vs 200-DMA-2.2% (50pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)62.67

OVERVALUED

CheapestP/E 62.7 at 95th %ile — pricier than 95% of peers.Most expensive

P/B12.32

FAIR

CheapestP/B 12.32 at 70th %ile of sector.Most expensive

EV/EBITDA40.11

OVERVALUED

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Jul +8.43% · Worst: Jan -4.34%

Jan

-4.3%

36% win

Feb

-1.4%

33% win

Mar

+1.1%

67% win

Apr

+3.1%

67% win

May

+2.7%

64% win

Jun

-0.7%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+1.03%

Median

+0.60%

Std dev

7.09%

Best

+24.8%

Worst

-15.5%

% positive

58%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 2

Lean balance sheet (D/E 0.18)
Low leverage means earnings are less sensitive to rate cycles
Bankruptcy risk low (Altman Z″ 4.78)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 1

Premium to sector on P/E (+38%)
P/E 62.7 vs Consumer Goods median 45.4

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+1.0%

+4.4%

+12.2%

-11.6%

+5.5%

+2.9%

-4.5%

+0.3%

10Y

+10.5%

Fundamentals

VALUATION

Market cap

₹2,41,259 Cr

P/E (TTM)

62.7

P/E (fwd)

50.1

next 12m

P/B

12.32

EV/EBITDA

40.1

Book value

₹204.34

per share

PROFITABILITY · QUALITY

ROE

19.6%

ROCE

—

Net margin

10.8%

Op margin

16.6%

Gross margin

42.9%

D/E

0.18

GROWTH · MARKET

Rev YoY

+3.7%

Profit YoY

-4.6%

Div yield

1.02%

Payout

62.5%

52w change

+0.8%

Beta

0.20

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 2

+Forward P/E materially below trailing (50.1x vs 62.7x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Nearly debt-free (D/E 0.18)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 2

−Trades at a premium to sector on P/EP/E 62.7 vs Consumer Goods median 45.4 — priced for more growth than peers
−Very high absolute P/E (63x)At this multiple the market prices in several years of strong growth upfront — risk of correction if growth disappoints

Sector-relative context

Consumer Goods · 20 peers

P/E (TTM)

This stock

62.67

Sector median

45.41

Rank 19/20 (10th %ile)

ROE

This stock

19.6%

Sector median

18.8%

Rank 14/20 (35th %ile)

P/B

This stock

12.32

Sector median

8.55

Rank 14/20 (35th %ile)

Quality score · Piotroski F-score

5 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE4.78

Z″ = 4.78 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.246	×6.56	1.612
Retained Earnings / Total Assets (B)	0.400	×3.26	1.303
EBIT / Total Assets (C)	0.171	×6.72	1.151
Book Equity / Total Liabilities (D)	0.677	×1.05	0.711

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

35 analysts · HOLD

Target mean

₹2651.26

Target high

₹3390.00

Target low

₹1886.00

Upside vs today

+5.3%

Street consensus target is +5.3% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Specialty Chemicals

Employees

11,111

Shares out

95.9

Revenue (TTM)

₹34,650 Cr

EBITDA

₹5,850 Cr

Total debt

₹3,557 Cr

Cash

₹5,648 Cr

Net debt

₹-2,091 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	8,522	8,347	8,924	8,514	8,850
Operating profit	—	1,381	1,143	1,324	1,198	1,468
OPM %	—	16.2%	13.7%	14.8%	14.1%	16.6%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	28,941	34,389	35,395	33,815
Operating profit	3,936	5,486	6,762	4,988
OPM %	13.6%	15.9%	19.1%	14.8%
Interest	95	144	205	227

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
ASIANPAINTTHIS Asian Paints Limited	₹2,464	+0.8%	2,41,259	62.7	12.32	19.6%	0.18	+3.7%
HINDUNILVR Hindustan Unilever Limited	₹2,240.8	-4.7%	5,24,387	51.9	10.76	20.7%	0.04	+3.9%
ITC ITC Limited	₹306.8	-27.4%	3,82,149	18.8	5.38	28.7%	0.01	+6.7%
NESTLEIND Nestle India Limited	₹1,285.6	-46.4%	2,48,058	75.8	55.94	73.8%	0.11	+18.6%
BRITANNIA Britannia Industries Limited	₹5,735.5	+6.3%	1,37,295	56.8	36.77	64.8%	0.58	+8.2%
GODREJCP Godrej Consumer Products Limited	₹1,109.4	-8.6%	1,13,048	61.9	9.29	15.0%	0.34	+8.8%
MARICO Marico Limited	₹757.3	+8.9%	98,411	57.3	24.30	—	0.14	+12.2%
DABUR Dabur India Limited	₹442.85	-6.9%	78,344	42.4	7.15	16.9%	0.12	+6.1%
COLPAL Colgate Palmolive (India) Limited	₹2,106	-17.2%	57,906	43.6	36.60	84.0%	0.04	+1.7%

AMC	Scheme	Value ₹Cr	% of scheme	Shares
UTI MF	UTI Flexi Cap Fund	543.7	2.70%	18.30 L

ASK AXEL

Dig deeper into ASIANPAINT

Axel can fetch latest news, peer valuation, consensus estimates, insider activity, and concall commentary for ASIANPAINT — all in one sourced reply.

Ask free in chat

Run these tools on ASIANPAINT

Historical return →

"If I had bought ASIANPAINT in year X"

Rolling returns →

Worst/best 1/3/5/7/10-yr windows

Buy-the-dip backtester →

Dip-buying vs SIP on ASIANPAINT

Brokerage + charges →

All-in cost for trading ASIANPAINT

Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	12.42	12.24	-1.5%
-2q	9.64	10.36	+7.5%
-3q	11.02	11.47	+4.1%
-4q	11.31	8.53	-24.6%

Date	Amount
2025-11-18	₹4.50
2025-06-10	₹20.55
2024-11-19	₹4.25
2024-06-11	₹28.15
2023-11-03	₹5.15
2023-06-09	₹21.25
2022-10-31	₹4.40
2022-06-09	₹15.50
2021-10-28	₹3.65
2021-06-10	₹14.50
2020-10-28	₹3.35
2020-07-23	₹1.50
2020-03-03	₹7.15
2019-10-30	₹3.35
2019-06-13	₹7.65
2018-10-29	₹2.85
2018-06-14	₹6.05
2017-10-31	₹2.65
2017-06-15	₹7.65
2016-11-01	₹2.65

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	96	96	96	96
Reserves	9,186	11,367	14,038	14,596
Borrowings	1,587	1,933	2,474	2,290
Other liabilities	2	21	223	45
Total liabilities	22,984	25,798	29,924	30,371
Fixed assets	5,517	6,374	9,001	9,886
CWIP	426	1,020	2,698	1,254
Investments	551	783	801	872
Other assets	133	335	328	301
Total assets	22,984	25,798	29,924	30,371

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	986	4,193	6,104	4,424
CF Investing	-322	-1,275	-2,518	-874
CF Financing	-1,808	-2,140	-2,983	-3,753
Net cash flow	-1,138	771	573	-270
Free cash flow	436	2,748	3,608	2,594

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	14.8%	19.1%	15.9%	13.6%
Net margin %	10.8%	15.4%	11.9%	10.5%
ROE %	25.4%	42.7%	39.6%	32.7%
ROCE %	31.7%	50.3%	48.1%	39.4%
Debt / Equity	0.16	0.18	0.17	0.17
Dividend payout %	85%	46%	46%	57%
Interest coverage	23.5×	36.8×	40.4×	44.9×
Revenue growth YoY	-4.5%	+2.9%	+18.8%	—
Profit growth YoY	-32.8%	+33.0%	+35.5%	—

ASIANPAINTAsian Paints Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Consumer Goods

Mutual fund holdings

Ask Axel about ASIANPAINT

Recent news

Dig deeper into ASIANPAINT

Run these tools on ASIANPAINT

Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Mutual fund holdings

Peer comparison · Consumer Goods

Ratios