About
Asian Paints Limited, together with its subsidiaries, engages in the manufacture, distribution, and sale of paints, coatings, and products related to home decoration and bath fittings in India, Asia, the Middle East, Africa, and the South Pacific region. The company offers wall coverings; waterproofing products; adhesives; and bath fittings and sanitaryware, modular kitchens and wardrobes, fabric, furnishings and rugs, decorative lightings, unplasticized polyvinyl chloride windows and door systems, textures and painting aids, and mechanized tools, as well as personalized interior design, homes painting, color consultancy projects, and homes services; and wood solutions. It also provides interior and exterior wall finishes, enamels, tools, undercoats, thinners, and varnishers. The company offers its products under the Asian Paints, SCIB Paints, Apco Coatings, Asian Paints Berger, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints brand names through a network of dealers and retail stores, as well as operates asianpaints.com, an online shop. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap242,418 Cr
P/E49.70
Div Yield1.09 %
Book Value₹223.00
52w High₹2,986.00
52w Low₹2,115.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10,542.00 | 9,247.00 | 8,867.00 | 8,531.00 | 8,939.00 | 8,359.00 | 8,549.00 | 8,028.00 | 8,970.00 | 8,731.00 | 9,103.00 | 8,479.00 | 9,182.00 |
| Expenses | 8,373.00 | 7,460.00 | 7,086.00 | 7,028.00 | 7,314.00 | 6,923.00 | 6,913.00 | 6,788.00 | 7,276.00 | 7,039.00 | 7,047.00 | 6,762.00 | 7,061.00 |
| Operating Profit | 2,169.00 | 1,787.00 | 1,781.00 | 1,503.00 | 1,625.00 | 1,436.00 | 1,637.00 | 1,240.00 | 1,694.00 | 1,691.00 | 2,056.00 | 1,716.00 | 2,121.00 |
| OPM % | 21.00 | 19.00 | 20.00 | 18.00 | 18.00 | 17.00 | 19.00 | 15.00 | 19.00 | 19.00 | 23.00 | 20.00 | 23.00 |
| Other Income | 279.00 | 197.00 | 69.00 | 237.00 | 229.00 | -60.00 | 193.00 | 25.00 | 193.00 | 212.00 | 186.00 | 194.00 | 228.00 |
| Depreciation | 304.00 | 310.00 | 313.00 | 305.00 | 301.00 | 301.00 | 256.00 | 242.00 | 228.00 | 226.00 | 220.00 | 209.00 | 198.00 |
| Interest | 48.00 | 59.00 | 48.00 | 44.00 | 44.00 | 53.00 | 56.00 | 63.00 | 55.00 | 54.00 | 54.00 | 51.00 | 46.00 |
| Profit before tax | 2,096.00 | 1,614.00 | 1,489.00 | 1,392.00 | 1,509.00 | 1,022.00 | 1,518.00 | 959.00 | 1,604.00 | 1,624.00 | 1,968.00 | 1,651.00 | 2,105.00 |
| Tax % | 26.00 | 27.00 | 28.00 | 27.00 | 26.00 | 31.00 | 26.00 | 28.00 | 26.00 | 21.00 | 25.00 | 25.00 | 25.00 |
| Net Profit | 1,559.00 | 1,185.00 | 1,074.00 | 1,018.00 | 1,117.00 | 701.00 | 1,128.00 | 694.00 | 1,187.00 | 1,275.00 | 1,475.00 | 1,232.00 | 1,575.00 |
| EPS in Rs | 16.05 | 12.22 | 11.05 | 10.36 | 11.47 | 7.22 | 11.58 | 7.24 | 12.20 | 13.10 | 15.09 | 12.57 | 16.16 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 35,584.00 | 33,906.00 | 35,495.00 | 34,489.00 | 29,101.00 | 21,713.00 | 20,211.00 | 19,240.00 | 16,825.00 | 15,062.00 | 14,271.00 | 13,615.00 |
| Expenses | 28,884.00 | 27,899.00 | 27,910.00 | 28,229.00 | 24,298.00 | 16,857.00 | 16,049.00 | 15,475.00 | 13,621.00 | 12,068.00 | 11,546.00 | 11,372.00 |
| Operating Profit | 6,700.00 | 6,006.00 | 7,585.00 | 6,260.00 | 4,804.00 | 4,856.00 | 4,162.00 | 3,765.00 | 3,204.00 | 2,994.00 | 2,725.00 | 2,243.00 |
| OPM % | 19.00 | 18.00 | 21.00 | 18.00 | 17.00 | 22.00 | 21.00 | 20.00 | 19.00 | 20.00 | 19.00 | 16.00 |
| Other Income | 728.00 | 350.00 | 821.00 | 431.00 | 296.00 | 332.00 | 350.00 | 274.00 | 336.00 | 338.00 | 213.00 | 142.00 |
| Interest | 195.00 | 227.00 | 205.00 | 144.00 | 95.00 | 92.00 | 102.00 | 110.00 | 41.00 | 37.00 | 49.00 | 42.00 |
| Depreciation | 1,229.00 | 1,026.00 | 853.00 | 858.00 | 816.00 | 791.00 | 780.00 | 622.00 | 360.00 | 335.00 | 276.00 | 266.00 |
| Profit before tax | 6,003.00 | 5,103.00 | 7,348.00 | 5,689.00 | 4,188.00 | 4,304.00 | 3,629.00 | 3,306.00 | 3,138.00 | 2,960.00 | 2,614.00 | 2,077.00 |
| Tax % | 27.00 | 27.00 | 24.00 | 26.00 | 26.00 | 26.00 | 24.00 | 33.00 | 33.00 | 32.00 | 32.00 | 31.00 |
| Net Profit | 4,395.00 | 3,710.00 | 5,558.00 | 4,195.00 | 3,085.00 | 3,207.00 | 2,774.00 | 2,208.00 | 2,098.00 | 2,016.00 | 1,803.00 | 1,427.00 |
| EPS in Rs | 45.09 | 38.23 | 56.92 | 42.81 | 31.59 | 32.73 | 28.20 | 22.48 | 21.26 | 20.22 | 18.19 | 14.54 |
| Dividend Payout % | 61.00 | 65.00 | 58.00 | 60.00 | 61.00 | 55.00 | 43.00 | 47.00 | 41.00 | 51.00 | 41.00 | 42.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 |
| Reserves | 21,276.00 | 19,304.00 | 18,632.00 | 15,896.00 | 13,716.00 | 12,710.00 | 10,034.00 | 9,375.00 | 8,314.00 | 7,508.00 | 6,429.00 | 4,646.00 |
| Borrowings | 3,929.00 | 2,290.00 | 2,474.00 | 1,933.00 | 1,587.00 | 1,093.00 | 1,118.00 | 1,320.00 | 533.00 | 560.00 | 323.00 | 418.00 |
| Other Liabilities | 9,218.00 | 8,665.00 | 8,698.00 | 7,854.00 | 7,560.00 | 6,456.00 | 4,889.00 | 5,459.00 | 4,820.00 | 4,241.00 | 3,711.00 | 3,754.00 |
| Total Liabilities | 34,519.00 | 30,355.00 | 29,901.00 | 25,779.00 | 22,958.00 | 20,355.00 | 16,138.00 | 16,249.00 | 13,763.00 | 12,405.00 | 10,559.00 | 8,914.00 |
| Fixed Assets | 9,640.00 | 9,220.00 | 7,147.00 | 5,770.00 | 5,519.00 | 5,859.00 | 6,272.00 | 6,497.00 | 3,732.00 | 3,304.00 | 3,416.00 | 2,660.00 |
| CWIP | 1,849.00 | 1,254.00 | 2,698.00 | 1,020.00 | 426.00 | 183.00 | 140.00 | 210.00 | 1,405.00 | 258.00 | 107.00 | 196.00 |
| Investments | 7,062.00 | 4,725.00 | 4,588.00 | 4,262.00 | 3,248.00 | 4,737.00 | 2,019.00 | 2,569.00 | 2,141.00 | 2,652.00 | 2,712.00 | 1,588.00 |
| Other Assets | 15,968.00 | 15,156.00 | 15,468.00 | 14,728.00 | 13,765.00 | 9,577.00 | 7,707.00 | 6,974.00 | 6,485.00 | 6,192.00 | 4,324.00 | 4,471.00 |
| Total Assets | 34,519.00 | 30,355.00 | 29,901.00 | 25,779.00 | 22,958.00 | 20,355.00 | 16,138.00 | 16,249.00 | 13,763.00 | 12,405.00 | 10,559.00 | 8,914.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7,088.00 | 4,424.00 | 6,104.00 | 4,193.00 | 986.00 | 3,683.00 | 3,038.00 | 2,470.00 | 2,113.00 | 1,527.00 | 2,243.00 | 1,188.00 |
| Cash from Investing Activity | -1,328.00 | -941.00 | -2,548.00 | -1,282.00 | -317.00 | -541.00 | -518.00 | -918.00 | -1,556.00 | -681.00 | -866.00 | -465.00 |
| Cash from Financing Activity | -2,377.00 | -3,753.00 | -2,982.00 | -2,140.00 | -1,808.00 | -650.00 | -2,871.00 | -1,117.00 | -1,379.00 | -756.00 | -849.00 | -576.00 |
| Net Cash Flow | 3,383.00 | -270.00 | 573.00 | 771.00 | -1,138.00 | 2,492.00 | -351.00 | 434.00 | -822.00 | 90.00 | 528.00 | 147.00 |
| Free Cash Flow | 5,604.00 | 2,604.00 | 3,613.00 | 2,774.00 | 475.00 | 3,422.00 | 2,661.00 | 1,336.00 | 705.00 | 860.00 | 1,441.00 | 750.00 |
| CFO/OP % | 129.00 | 97.00 | 105.00 | 91.00 | 45.00 | 98.00 | 97.00 | 92.00 | 100.00 | 82.00 | 112.00 | 81.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46.00 | 46.00 | 50.00 | 49.00 | 49.00 | 44.00 | 32.00 | 36.00 | 38.00 | 35.00 | 30.00 | 32.00 |
| Inventory Days | 118.00 | 142.00 | 122.00 | 121.00 | 142.00 | 134.00 | 127.00 | 119.00 | 117.00 | 138.00 | 108.00 | 123.00 |
| Days Payable | 79.00 | 81.00 | 79.00 | 71.00 | 96.00 | 119.00 | 80.00 | 90.00 | 95.00 | 101.00 | 84.00 | 84.00 |
| Cash Conversion Cycle | 84.00 | 107.00 | 93.00 | 99.00 | 94.00 | 59.00 | 79.00 | 65.00 | 60.00 | 72.00 | 54.00 | 70.00 |
| Working Capital Days | 38.00 | 52.00 | 49.00 | 54.00 | 57.00 | 37.00 | 34.00 | 16.00 | 22.00 | 22.00 | 15.00 | 11.00 |
| ROCE % | 26.00 | 26.00 | 38.00 | 34.00 | 29.00 | 34.00 | 33.00 | 33.00 | 36.00 | 38.00 | 42.00 | 42.00 |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 23 Jun 2026 | 23 Jun 2026 | — | 23.00 | |
| Dividend | 18 Nov 2025 | 18 Nov 2025 | — | 4.50 | |
| Dividend | 10 Jun 2025 | 10 Jun 2025 | — | 20.55 | |
| Dividend | 19 Nov 2024 | 19 Nov 2024 | — | 4.25 | |
| Dividend | 11 Jun 2024 | 11 Jun 2024 | — | 28.15 | |
| Dividend | 03 Nov 2023 | 03 Nov 2023 | — | 5.15 | |
| Dividend | 09 Jun 2023 | 09 Jun 2023 | — | 21.25 | |
| Dividend | 31 Oct 2022 | 01 Nov 2022 | — | 4.40 | |
| Dividend | 09 Jun 2022 | 10 Jun 2022 | — | 15.50 | |
| Dividend | 28 Oct 2021 | 29 Oct 2021 | — | 3.65 | |
| Dividend | 10 Jun 2021 | 11 Jun 2021 | — | 14.50 | |
| Dividend | 28 Oct 2020 | 30 Oct 2020 | — | 3.35 | |
| Dividend | 23 Jul 2020 | — | — | 1.50 | |
| Dividend | 03 Mar 2020 | 04 Mar 2020 | — | 7.15 | |
| Dividend | 30 Oct 2019 | 31 Oct 2019 | — | 3.35 | |
| Dividend | 13 Jun 2019 | — | — | 7.65 | |
| Other | 13 Jun 2019 | — | — | — | Dividend Rs -7.65 Per Share |
| Dividend | 29 Oct 2018 | 30 Oct 2018 | — | 2.85 | |
| Dividend | 14 Jun 2018 | — | — | 6.05 | |
| Dividend | 31 Oct 2017 | 01 Nov 2017 | — | 2.65 | |
| Dividend | 15 Jun 2017 | — | — | 2.00 | NSE/BSE dividend mismatch: BSE/NSE=5.65; BSE/NSE=2.0 |
| Dividend | 15 Jun 2017 | — | — | 5.65 | NSE/BSE dividend mismatch: BSE/NSE=5.65; BSE/NSE=2.0 |
| Dividend | 01 Nov 2016 | 02 Nov 2016 | — | 2.65 | |
| Dividend | 16 Jun 2016 | — | — | 5.30 | |
| Dividend | 28 Oct 2015 | 29 Oct 2015 | — | 2.20 | |
| Dividend | 24 Jun 2015 | — | — | 4.30 | |
| Dividend | 22 Sep 2014 | 23 Sep 2014 | — | 1.80 | |
| Dividend | 16 Jun 2014 | — | — | 4.20 | |
| Dividend | 24 Oct 2013 | 26 Oct 2013 | — | 1.10 | |
| Split | 30 Jul 2013 | 31 Jul 2013 | 10:1 | — | |
| Dividend | 06 Jun 2013 | — | — | 36.50 | |
| Other | 06 Jun 2013 | — | — | — | Annual General Meeting / Final Dividend Rs.36.50/- Per Equity Share |
| Dividend | 29 Oct 2012 | 30 Oct 2012 | — | 9.50 | |
| Dividend | 07 Jun 2012 | — | — | 30.50 | |
| Dividend | 25 Oct 2011 | 28 Oct 2011 | — | 9.50 | |
| Dividend | 09 Jun 2011 | — | — | 23.50 | |
| Dividend | 29 Oct 2010 | 01 Nov 2010 | — | 8.50 | |
| Dividend | 30 Jun 2010 | — | — | 18.50 | |
| Dividend | 26 Oct 2009 | 27 Oct 2009 | — | 8.50 | |
| Dividend | 17 Jun 2009 | — | — | 11.00 | |
| Dividend | 29 Oct 2008 | 31 Oct 2008 | — | 6.50 | NSE/BSE dividend mismatch: NSE=0.65; BSE=6.5 |
| Dividend | 29 Oct 2008 | 31 Oct 2008 | — | 0.65 | NSE/BSE dividend mismatch: NSE=0.65; BSE=6.5 |
| Dividend | 12 Jun 2008 | — | — | 10.50 | NSE/BSE dividend mismatch: NSE=1.05; BSE=10.5 |
| Dividend | 12 Jun 2008 | — | — | 1.05 | NSE/BSE dividend mismatch: NSE=1.05; BSE=10.5 |
| Dividend | 25 Oct 2007 | 26 Oct 2007 | — | 6.50 | |
| Dividend | 13 Jun 2007 | — | — | 0.10 | |
| Dividend | 20 Mar 2007 | 21 Mar 2007 | — | 6.50 | |
| Dividend | 03 Nov 2006 | 06 Nov 2006 | — | 0.55 | |
| Other | 15 Jun 2006 | — | — | — | Agm/Div Fin-55% + Spl-25% |
| Dividend | 22 Jun 2005 | — | — | 0.55 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update24 Jun from fitch
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Rating update12 May from crisil
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Rating update11 May from crisil
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Rating update10 Sep 2025 from crisil
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Rating update10 Sep 2024 from crisil
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Rating update29 Dec 2023 from crisil
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