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Asian Paints Ltd (ASIANPAINT)

₹2915.50.82%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Asian Paints Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

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    Mutual Funds have increased holdings from 3.46% to 3.75% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

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    Retail Investor have increased holdings from 19.44% to 19.79% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Solar Industries India Ltd has given 527.8% return, outperforming this stock by 533.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Solar Industries India Ltd has given 158.9% return, outperforming this stock by 171.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 52.63% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

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    In the last 6 months, ASIANPAINT stock has moved down by -12.3%

  • imgNEGATIVE IMPACT

    Revenue Fall

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    Revenue is down for the last 2 quarters, 9.28K Cr → 8.94K Cr (in ₹), with an average decrease of 3.7% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

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    Netprofit is down for the last 2 quarters, 1.44K Cr → 1.25K Cr (in ₹), with an average decrease of 13.2% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

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    Foreign Institutions have decreased holdings from 17.32% to 15.89% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹2,872.4
    ₹2,924.5
  • 52 Week's Low

    52 Week's High

    ₹2,670.1
    ₹3,568
1 Month Return+ 1.4 %
3 Month Return+ 2.36 %
1 Year Return-12.87 %
Previous Close₹2,891.70
Open₹2,885.00
Volume11.30L
Upper Circuit-
Lower Circuit-
Market Cap₹2,77,371.22Cr

Analyst Rating

based on 37 analysts

HOLD
24.32%
Buy
37.84%
Hold
37.84%
Sell

Based on 37 analysts offering long term price targets for Asian Paints Ltd. An average target of ₹2934.97

Source: S&P Global Market Intelligence

Company Information

Asian Paints Ltd. is a leading paint manufacturer in India, with a presence in over 15 countries across the globe. Established in 1942, it is one of the oldest paint companies in India. The company is headquartered in Mumbai, Maharashtra and has been listed on the National Stock Exchange and Bombay Stock Exchange since 1994.

Asian Paints Ltd. provides a wide range of products and services in the painting industry. Its main lines of business include decorative paints, industrial coatings, automotive coatings, wood finishes, and waterproofing solutions. The company's top products include Royale Luxury Emulsion, Royale Play, and Apcolite Premium Emulsion. Asian Paints Ltd. also has a wide range of popular brands, such as Royale, Apex, Apcolite, and Weathercoat.

Share Price: ₹2915.50 per share as on 20 Jun, 2024 04:01 PM
Market Capitalisation: ₹2,77,371.22Cr as of today
Revenue: ₹8,701.46Cr as on March 2024 (Q1 24)
Net Profit: ₹1,275.30Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: Deepak Satwalekar
OrganisationAsian Paints Ltd
Headquarters
IndustryPaints/Varnish
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Key events for Asian Paints Ltd

  • Asian Paints CEO's Salary Comparable to Industry Average - 19 Jun, 2024

    Asian Paints CEO Amit Syngle's total remuneration, including a salary of ₹47.9m, is comparable to the industry average while non-salary compensation represents a greater slice of total remuneration, indicating that the executive's salary is tied to company performance. Shareholders may raise concerns at the upcoming AGM on June 25th.

  • Asian Paints Sees Double-Digit Volume Growth in Q4FY24 - 18 Jun, 2024

    Asian Paints Ltd trimmed prices by around 4% in Q4FY24, resulting in double-digit volume growth in the decorative paints business. The company is confident of continuing this momentum and achieving double-digit volume growth in 2024-25.

  • Asian Paints Revenue Growth Likely to be Flat in Q1FY25 - 17 Jun, 2024

    Muted demand, increased competition and high margin base in Q1FY24 may lead to a likely EBITDA decline for Asian Paints in Q1FY25. Elara Capital retains negative stance on the sector due to possible margin risk.

  • Asian Paints Declares Final Dividend for FY 2024 - 11 Jun, 2024

    Asian Paints has declared a final dividend of ₹28.15 per equity share for the financial year 2024, with a record date of June 11.

  • Mixed Views on Asian Paints Future Growth - 10 Jun, 2024

    While JPMorgan retains a neutral stance on Asian Paints and expects pricing weakness to sustain, analysts note that valuation comfort is high and pricing growth is expected from Q2.

  • Asian Paints to Declare Highest Dividend in 10 Years - 08 Jun, 2024

    Asian Paints is set to declare its final dividend of Rs. 28.15 per equity share, the highest in the past 10 years. The record date for this dividend is also scheduled for next week. As of June 6, with a current market price of Rs. 2,910 per share, the dividend yield for Asian Paints stood at 1.14%.

  • Asian Paints Faces Pessimism from Analysts Following Weak Q4 Earnings - 07 Jun, 2024

    Analysts remain concerned about Asian Paints following weak earnings for Q4 FY24 and a subdued outlook due to weak demand conditions, rising crude oil prices, and increased competition. Of the 38 analysts covering the stock, 16 have a sell call, 11 have a hold call, and 11 are bullish with buy calls. Rural markets may support first quarter FY25 demand, but competition from Grasim Industries and JSW is expected to keep profitability in check.

  • Asian Paints to Increase Dividend Payment - 05 Jun, 2024

    Asian Paints has announced an increase in its dividend payment, taking the annual payment to 1.2% of the stock price, which is above what most companies in the industry pay. The company has a good balance between reinvesting and paying dividends to shareholders, so it could prove to be a strong dividend payer. Overall, this is a reasonable dividend, and it being raised is an added bonus.

  • Asian Paints Subsidiary Acquires Stake in SCIB Chemicals - 28 May, 2024

    Asian Paints International (APIPL) has entered into a share purchase agreement with SCIB Chemicals S.A.E., Egypt to acquire a 24.3% stake from minority shareholders for $4.13 million, allowing greater representation and exit for the minority shareholders.

  • Asian Paints' Subsidiary Acquires 24.3% Stake in SCIB Chemicals - 27 May, 2024

    Asian Paints International, a wholly-owned subsidiary of Asian Paints, has acquired a 24.3% stake in SCIB Chemicals for USD 4.13 Mn (~Rs 34.42 crore). Post-acquisition, APIPL will hold an 85.6% stake in SCIB.

  • Asian Paints to Increase Dividend Payment - 22 May, 2024

    Asian Paints Limited has announced an increase in its dividend payment, with a yield of 1.2%. The company has been comfortably covering its dividend with earnings and paying out more than 75% of its free cash flow to shareholders. With forecasted EPS growth of 20.8%, the payout ratio could be sustainable at 56% next year. However, limited opportunities for investment and growth may pose a risk to future dividends.

Asian Paints Ltd Valuation

Asian Paints Ltd in the last 5 years

  • Overview

  • Trends

Lowest (47.59x)

May 9, 2024

Today (50.78x)

June 19, 2024

Industry (52.70x)

June 19, 2024

Highest (115.23x)

December 30, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct1.62%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth0.69%
UTI Nifty 50 Index Fund-Growth Option- DirectUTI Nifty 50 Index Fund-Growth Option- Direct1.31%
HDFC Index Fund Nifty 50 Plan-Direct PlanHDFC Index Fund Nifty 50 Plan-Direct Plan1.31%
HDFC Balanced Advantage Fund Direct Plan Growth OptionHDFC Balanced Advantage Fund Direct Plan Growth Option0.19%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
52.63%
0.00
Foreign Institutions
15.89%
0.00
Mutual Funds
3.75%
0.00
Retail Investors
19.79%
0.00
Others
7.95%
0.00

News

Trident says operations disrupted after 'massive fire' at Dhaula facility

Trident's Dhaula unit was involved in textiles and paper manufacturing, according to the company's exchange filing.

06 Jun, 2024 07:02 AM

Fire at Trident Group factory in Barnala | Chandigarh News

A fire broke out at a paper and chemical unit of Trident Ltd, a flagship company of Trident Group, at Dhaula village in Barnala district. No loss of life was re... Read more

07 Jun, 2024 05:00 AM

Trident shares rally 7% as unit acquires stake in step down subsidiary

Trident Home Textiles, the wholly owned subsidiary of Trident, made further investment in its wholly owned subsidiary namely Trident Global BV

12 Jun, 2024 01:50 PM
View More

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Asian Paints Ltd (ASIANPAINT) share price today is ₹2915.5

Asian Paints Ltd is listed on NSE

Asian Paints Ltd is listed on BSE

  • Today’s highest price of Asian Paints Ltd is ₹2924.5.
  • Today’s lowest price of Asian Paints Ltd is ₹2872.4.

PE Ratio of Asian Paints Ltd is 50.78

PE ratio = Asian Paints Ltd Market price per share / Asian Paints Ltd Earnings per share

Today’s traded volume of Asian Paints Ltd(ASIANPAINT) is 11.30L.

Today’s market capitalisation of Asian Paints Ltd(ASIANPAINT) is ₹277371.22Cr.

Asian Paints Ltd(ASIANPAINTPrice
52 Week High
₹3568
52 Week Low
₹2670.1

Asian Paints Ltd(ASIANPAINT) share price is ₹2915.5. It is down -18.29% from its 52 Week High price of ₹3568

Asian Paints Ltd(ASIANPAINT) share price is ₹2915.5. It is up 9.19% from its 52 Week Low price of ₹2670.1

Asian Paints Ltd(ASIANPAINTReturns
1 Day Returns
23.8%
1 Month Returns
1.4%
3 Month Returns
2.36%
1 Year Returns
-12.87%