ASIANPAINT

ASIAN PAINTS

Large Cap BSE: 500820 NSE: ASIANPAINT
₹3432 .2
-9.65 (-0.28%)
  • Advice
  • Hold
As on 12 September, 2022 | 19:45

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Asian Paints Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

Asian Paints Share Returns

  • Over 1 Month -0.76%
  • Over 3 Month 27.74%
  • Over 6 Month 19.38%
  • Over 1 Year 2.57%

Asian Paints Key Statistics

P/E Ratio 94.6
PEG Ratio -319.3
Market Cap Cr 329,216
Price to Book Ratio 23.2
EPS 32.8
Dividend 0.6
Relative Strength Index 60.07
Money Flow Index 49.74
MACD Signal 61.35
Average True Range 72.04

Asian Paints Investment Rating

  • Master Rating:
  • Asian Paints has an operating revenue of Rs. 32,122.86 Cr. on a trailing 12-month basis. An annual revenue growth of 34% is outstanding, Pre-tax margin of 14% is healthy, ROE of 21% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 10% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 4% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 87 which is a GOOD score indicating consistency in earnings, a RS Rating of 58 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 65 indicates it belongs to a poor industry group of Chemicals-Paints and a Master Score of B is close to being the best. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Asian Paints Technicals

EMA & SMA

Current Price
3432. 2
-9.65 (-0.28%)
  • Bullish Moving Average
  • ___
  • Bearish Moving Average
  • ___
  • 20 Day
  • 3390.55
  • 50 Day
  • 3260.21
  • 100 Day
  • 3168.58
  • 200 Day
  • 3129.22
  • 20 Day
  • 3418.59
  • 50 Day
  • 3211.19
  • 100 Day
  • 3068.51
  • 200 Day
  • 3126.98

Asian Paints Resistance and Support

PIVOT
₹3453 .
Resistance
First Resistance 3472.55
Second Resistance 3503.25
Third Resistance 3522.8
RSI 60.07
MFI 49.74
MACD Single Line 61.35
MACD 49.12
Support
First Resistance 3422.3
Second Resistance 3402.75
Third Resistance 3372.05

Asian Paints Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 742,904 42,033,508 56.58
Week 754,250 33,926,183 44.98
1 Month 1,007,336 51,263,342 50.89
6 Month 1,378,193 66,511,600 48.26

Asian Paints Result Highlights

Asian Paints Synopsis

NSE-Chemicals-Paints

Asian Paints Ltd. is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company’s Total Operating Revenue is Rs. 25188.51 Cr. and Equity Capital is Rs. 95.92 Cr. for the Year ended 31/03/2022. Asian Paints Ltd. is a Public Limited Listed company incorporated on 24/10/1945 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24220MH1945PLC004598 and registration number is 004598.
Market Cap 329,074
Sales 27,989
Shares in Float 45.08
No of funds 1142
Yield 0.56
Book Value 24.66
U/D Vol ratio 1.7
LTDebt / Equity
Alpha 0.01
Beta 0.81

Asian Paints

Owner Name Jun-22 Mar-22 Dec-21 Sep-21
Promoters 52.63% 52.63% 52.63%
Mutual Funds 3.52% 3.18% 2.97%
Insurance Companies 4.06% 3.37% 3.21%
Foreign Portfolio Investors 18.51% 19.45% 20.48%
Financial Institutions/ Banks 0.07% 0.06% 0.03%
Individual Investors 13.04% 12.92% 12.39%
Others 8.17% 8.39% 8.29%

Asian Paints Management

Name Designation
Mr. Deepak Satwalekar Chairman & Ind.Director
Mr. Manish Choksi Vice Chairman & Non Exe.Dire
Mr. Amit Syngle Managing Director & CEO
Mr. Ashwin Dani Non Executive Director
Mr. Malav Dani Non Executive Director
Ms. Amrita Vakil Non Executive Director
Mr. Jigish Choksi Non Executive Director
Ms. Nehal Vakil Non Executive Director
Mr. Suresh Narayanan Independent Director
Mrs. Pallavi Shroff Independent Director
Mr. R Seshasayee Independent Director
Mrs. Vibha Paul Rishi Independent Director
Mr. Milind Sarwate Independent Director

Asian Paints Forecast

Price Estimates

2,000( 9.8% )
1,758( -3.5% )
1,590( -12.7% )

Other Analyst Rating

Asian Paints Corporate Action

Date Purpose Remarks
2022-07-26 Quarterly Results
2022-05-10 Audited Results & Final Dividend
2022-01-20 Quarterly Results
2021-10-21 Quarterly Results & Interim Dividend
2021-07-20 Quarterly Results
Date Purpose Remarks
2022-06-10 FINAL Rs.15.50 per share(1550%)Final Dividend
2021-10-29 INTERIM Rs.3.65 per share(365%)Interim Dividend
2021-06-11 FINAL Rs.14.50 per share(1450%)Final Dividend

Asian Paints MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 143463
SBI S&P BSE Sensex ETF 77068
Axis Bluechip Fund Growth 36980
Mirae Asset Large Cap Fund Regular Growth 33747
UTI Nifty 50 Exchange Traded Fund 33453

About Company

Asian Paints was founded in 1942 by four friends who did not hesitate to compete with the world's largest paint company operating in the country, then become India's most well-known paint company. Since 1967, the company has been the market leader in paints due to its strong consumer focus and innovative spirit. Asian Paints manufactures various decorative and industrial paints, wall coverings, adhesives, and services.

History

Asian Oil and Paint Company Pvt. Ltd. Founded in 1942, Asian Paints Ltd changed its name to Asian Paints (India) Pvt. Ltd. in 1965 it became a public limited company in 1973. Today the paints company is the world's 9th most extensive, Asia's 3rd and India's largest paint company. The Global giant has paint manufacturing plants in Gujarat, Tamil Nadu, Haryana and Maharastra and 65 foreign countries; in collaboration with Berger, International SCIB paints Apco coating and Taubmans, the company provides its products to 22 countries.

With a group turnover of Rs 289 billion, Asian Paints is India's largest paint company. Asian Paints operates in 15 countries and 26 paint manufacturing facilities worldwide, serving customers over 60 countries. Vertical integration has allowed Asian Paints to diversify into chemical products used in paint manufacturing, such as phthalic anhydride and pentaerythritol. 
The company has also recently launched three Furniture, Furnishings, and Lighting Products brands: Nilaya, Royale, and Ador. It has also introduced the 'Beautiful Homes Service,' a complete end-to-end solution that offers consumers personalized interior design services with a touch of professionalism.

The paint company introduced innovation in paint manufacture by starting a product line of paints such as Colour Worlds (Dealer Tinting Systems), Royale Play Special Effect, Home Solutions (painting solutions Service), Colour Next (Prediction of Colour Trends through in-depth research) and Kids World (painting solutions for kid's room). Asian paints also provide its decorative paint line comprising Interior walls, Wood, Exterior walls and Enamel finishes.

Shareholding Pattern

Asian Paints Ltd.'s Shareholding Pattern page displays the DII's holding, Shareholding by the general public, Promoter's holding, and F.I.I.s holding as follows:

Total No Of Shares 959197790 (100%)
Promoters Share 504785184 (52.63%)
ForeignInstitutions 186530056 (19.45%)
CentralGovt 403162 (0.04%)
Others 70733659 (7.37%)
General Public 123908317 (12.92%)
FinancialInstitutions 42124436 (4.39%)
GDR 223240 (0.02%)


Corporate Social Responsibility Information

Asian Paints stands tall on the threshold of significant achievement by working in all fairness and concern, enabling those who work with them to live better lives. The Asain Paints C.S.R. initiatives are as follows:

Improved Quality of Life for Asian Paint communities

Asian Paints, by its C.S.R. initiative, aims to improve the standard of living for those communities in the vicinity of their manufacturing plants. They have created developmental programmes for paint manufacturers and home improvement services providers to raise undesired communities' living standards by encouraging them to develop skills through vocational training. They aim to achieve that by focusing on four main areas:

Education

Asian Paints recognizes that education is crucial to enable social equality and eradicate poverty. In their, C.S.R. drives Asian Paints to promote education to the undesired community in the areas where they function. Some innovative initiatives are self-defence training for girls, Scholarships to encourage higher studies, workshops for soft skills development, etc.

Healthcare and Hygiene

Asian Paints encourages sanitation and healthcare facilities by investing their resources in them. Provision of safe drinking water, creating awareness through their 'Safar' initiative, etc.

Water Management 

Water is a necessary input in the manufacture of paints, and Asian paints strive to conserve water through wastewater treatment and water conservation projects.   

Vocational Training

The Asian Paints Colour Academy works with cutting-edge technology to help interested and basic-level painters to become experts. The Academy also offers children with zero painting skills vocational instruction in fundamental and specialized painting skills. Participants receive an NSDC certification based on National Occupation Standards established by the NSDC Construction Sector Skills Council.

Bottom Line

Asian paints recorded a drop of 29% in net profits. The net earnings for the second quarter of the financial year 2022 are INR 605.2 against the net profit of the second quarter of the financial year 2021, which was INR 853 Cr. Asian Paints' revenue, however, was INR 5350 Cr in the July-September quarter of the financial year 2021, but for the same quarter, the revenue rose by 32.6% to INR 7096.

Net Worth

Asian Paint's sales Growth rose steadily in the past 3 years; it is currently 14.57%, the net profit growth rate in 2021 is 11.92%, and the growth in sales in the last four quarters is 42.49%. However, slightly overvalued Asian Paints is showing a rise and is a fair investment stock.

Asian Paints FAQs

What is Share Price of Asian Paints ?

Asian Paints share price is ₹3432 As on 12 September, 2022 | 19:31

What is the Market Cap of Asian Paints ?

The Market Cap of Asian Paints is ₹329215.9 Cr As on 12 September, 2022 | 19:31

What is the P/E ratio of Asian Paints ?

The P/E ratio of Asian Paints is 94.6 As on 12 September, 2022 | 19:31

What is the PB ratio of Asian Paints ?

The PB ratio of Asian Paints is 23.2 As on 12 September, 2022 | 19:31

Who is the CEO of Asian Paints?

Amit Syngle is the CEO of Asian Paints since 1 Apr 2020.

What is the CAGR of Asian Paints?

The 10 Years CAGR of Asian Paints is 27%, 5 Years is 28%, 3 Years is 35% and 1 Year is 51%.

Is Asian Paints share good for the long-term?

Asian Paints has an operating revenue of INR 26,121.27 Cr. on a trailing 12-month basis. Annual revenue growth of 7% is good, Pre-tax margin of 20% is great, ROE of 24% is exceptional. The company is debt-free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.

How to buy Asian Paints Ltd shares?

You can easily buy the shares of Asian Paints Ltd . by registering at 5Paisa and setting up a Demat Account in your name.

Q1FY23
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