Asian Paints Ltd. (currently trading at ₹2489) is India’s largest decorative paints company and a global player in coatings, waterproofing, adhesives, and home décor solutions. With operations in over 15 countries and a portfolio spanning interior and exterior paints, industrial coatings, and bath fittings, the company has built deep brand equity and distribution reach across urban and rural India. It is a Nifty 50 constituent and a benchmark for consumer discretionary performance.
Asian Paints Ltd. – FY21–FY25 Snapshot
Sales – ₹21,712 Cr → ₹28,923 Cr → ₹32,563 Cr → ₹35,495 Cr → ₹33,906 Cr Strong multi-year growth with a slight dip in FY25 due to demand softness
Net Profit – ₹3,178 Cr → ₹4,101 Cr → ₹4,865 Cr → ₹5,425 Cr → ₹3,569 Cr Profitability impacted by input cost volatility and competitive intensity
Operating Performance – Strong → Strong → Strong → Strong → Moderate Margin pressure visible in FY25 despite scale
Dividend Yield (%) – 1.10% → 1.20% → 1.25% → 1.30% → 1.35% Consistent payouts supported by robust cash flows
Equity Capital – ₹95.92 Cr (constant) No dilution; stable capital structure
Total Debt – ₹1,020 Cr → ₹1,050 Cr → ₹1,080 Cr → ₹1,100 Cr → ₹1,125 Cr Low leverage maintained across cycles
Fixed Assets – ₹4,580 Cr → ₹4,820 Cr → ₹5,050 Cr → ₹5,280 Cr → ₹5,510 Cr Capex focused on plant upgrades, automation, and backward integration
Institutional Interest & Ownership Trends
Promoter holding stands at 52.63%, with no pledging. FIIs and DIIs maintain strong exposure due to brand strength and consumption linkage. Delivery volumes reflect long-term accumulation by domestic funds and global consumer portfolios.
Business Growth Verdict
Asian Paints remains a category leader with deep distribution and brand equity Margins have moderated but remain healthy relative to peers Debt levels are low and manageable Capex supports long-term innovation and manufacturing efficiency
Management Con Call
Management acknowledged demand softness in Q1 FY26 due to early monsoon and muted rural sentiment. Focus remains on premiumization, waterproofing, and home décor adjacencies. New launches in emulsions and smart coatings are expected to drive margin mix. FY26 outlook includes mid-single-digit revenue growth and margin recovery as input costs normalize and festive demand picks up.
Final Investment Verdict
Asian Paints Ltd. offers a brand strength, distribution depth, and innovation-led strategy make it a core holding for long-term investors. While FY25 saw margin compression, the company’s fundamentals remain intact, and its leadership in decorative paints ensures continued value creation.
Asian Paints Ltd. – FY21–FY25 Snapshot
Sales – ₹21,712 Cr → ₹28,923 Cr → ₹32,563 Cr → ₹35,495 Cr → ₹33,906 Cr Strong multi-year growth with a slight dip in FY25 due to demand softness
Net Profit – ₹3,178 Cr → ₹4,101 Cr → ₹4,865 Cr → ₹5,425 Cr → ₹3,569 Cr Profitability impacted by input cost volatility and competitive intensity
Operating Performance – Strong → Strong → Strong → Strong → Moderate Margin pressure visible in FY25 despite scale
Dividend Yield (%) – 1.10% → 1.20% → 1.25% → 1.30% → 1.35% Consistent payouts supported by robust cash flows
Equity Capital – ₹95.92 Cr (constant) No dilution; stable capital structure
Total Debt – ₹1,020 Cr → ₹1,050 Cr → ₹1,080 Cr → ₹1,100 Cr → ₹1,125 Cr Low leverage maintained across cycles
Fixed Assets – ₹4,580 Cr → ₹4,820 Cr → ₹5,050 Cr → ₹5,280 Cr → ₹5,510 Cr Capex focused on plant upgrades, automation, and backward integration
Institutional Interest & Ownership Trends
Promoter holding stands at 52.63%, with no pledging. FIIs and DIIs maintain strong exposure due to brand strength and consumption linkage. Delivery volumes reflect long-term accumulation by domestic funds and global consumer portfolios.
Business Growth Verdict
Asian Paints remains a category leader with deep distribution and brand equity Margins have moderated but remain healthy relative to peers Debt levels are low and manageable Capex supports long-term innovation and manufacturing efficiency
Management Con Call
Management acknowledged demand softness in Q1 FY26 due to early monsoon and muted rural sentiment. Focus remains on premiumization, waterproofing, and home décor adjacencies. New launches in emulsions and smart coatings are expected to drive margin mix. FY26 outlook includes mid-single-digit revenue growth and margin recovery as input costs normalize and festive demand picks up.
Final Investment Verdict
Asian Paints Ltd. offers a brand strength, distribution depth, and innovation-led strategy make it a core holding for long-term investors. While FY25 saw margin compression, the company’s fundamentals remain intact, and its leadership in decorative paints ensures continued value creation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.