Asian Paints Limited

Consumer Durables · Consumer Durables

NSE: ASIANPAINT BSE: 500820

₹2402.60

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Consumer Durables

The largest companies in the same industry by market cap. This company ranks #2 of 214. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Titan Company Limited	407,228	76.4	32.3%	34.6%	—	72	26	27
Asian Paints Limited (this stock)	230,457	49.8	20.0%	2.9%	—	87	0	62
LG Electronics India Limited	116,986	64.1	—	—	—	85	0	87
Dixon Technologies (India) Limited	80,023	63.9	30.5%	-20.4%	—	92	33	30
Havells India Limited	63,760	38.6	17.8%	-31.6%	—	74	13	8
Kalyan Jewellers India Limited	57,126	42.3	21.4%	18.9%	0.45%	66	33	29
Berger Paints (I) Limited	53,106	45.4	16.3%	-14.0%	—	80	0	63
Voltas Limited	35,405	84.7	5.8%	-20.9%	0.37%	62	5	11

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹231,251 Cr

EV / EBITDA

31.1x

EV / Sales

7.21x

Market cap / Sales

7.18x

Earnings yield

2.01%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 9,444 Cr, up 16.4% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 1,478 Cr, up 34.4% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	9,183	1,982	1,478	₹15.4200
March 31, 2026	7,920	1,559	1,161	₹12.1100
Dec. 31, 2025	7,624	1,415	1,025	₹10.7000
Sept. 30, 2025	7,356	1,288	956	₹9.9700
June 30, 2025	7,868	1,468	1,100	₹11.4700
March 31, 2025	7,192	979	694	₹7.2400
Dec. 31, 2024	7,321	1,481	1,109	₹
Sept. 30, 2024	6,868	858	602	₹6.2800
June 30, 2024	7,882	1,592	1,192	₹12.4400
March 31, 2024	7,481	1,522	1,209	₹12.6100
Dec. 31, 2023	7,913	1,914	1,444	₹15.0600
Sept. 30, 2023	7,342	1,551	1,160	₹12.1000
June 30, 2023	8,114	2,018	1,508	₹15.7300

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	9,444	8,116	7,882	7,588	8,116	7,330	7,050	8,107	7,678	8,151	7,515	8,331	7,751
Operating revenue	9,183	7,920	7,624	7,356	7,868	7,192	6,868	7,882	7,481	7,913	7,342	8,114	7,626
Other income	260	195	258	232	248	138	182	226	197	238	172	217	125
Operating expenses	7,172	6,250	5,998	5,997	6,348	5,868	5,746	6,289	5,932	6,016	5,757	6,114	5,878
Operating profit	2,012	1,670	1,627	1,359	1,520	1,324	1,122	1,593	1,549	1,897	1,585	2,000	1,748
Operating profit margin	21.9%	21.1%	21.3%	18.5%	19.3%	18.4%	16.3%	20.2%	20.7%	24.0%	21.6%	24.6%	22.9%
Depreciation	263	267	275	273	269	269	207	196	194	190	179	172	194
Interest	27	39	28	30	30	34	39	30	31	31	28	26	25
Exceptional items, gain / (loss)	—	—	-167	—	—	-180	-200	—	—	—	—	—	—
Profit before tax	1,982	1,559	1,415	1,288	1,468	979	858	1,592	1,522	1,914	1,551	2,018	1,654
Tax	504	398	390	332	369	285	255	400	313	471	390	510	420
Net profit	1,478	1,161	1,025	956	1,100	694	602	1,192	1,209	1,444	1,160	1,508	1,234
EPS	15.42	12.11	10.70	9.97	11.47	7.24	6.28	12.44	12.61	15.06	12.10	15.73	12.87
Net profit (TTM)	4,620	4,241	3,775	3,352	3,589	3,698	4,448	5,006	5,322	5,346	4,988	4,591	4,100
EPS (TTM)	48.20	44.25	39.38	34.96	37.43	38.57	46.39	52.21	55.50	55.76	52.02	47.88	42.76

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	30,769	5,734	4,244
March 31, 2025	29,553	4,897	3,585
March 31, 2024	30,850	7,005	5,322
March 31, 2023	30,078	5,490	4,100

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	1.2%	10.9%	31,702^†	—	31,675^†	30,596^†	25,641^†	18,883^†	17,552^†	16,671^†	14,837^†	14,661^†
Operating revenue	0.8%	10.7%	30,769	29,553	30,850	30,078	25,189^†	18,517^†	17,194^†	16,392^†	14,560^†	14,360^†
Other income	—	—	933^†	—	825^†	518^†	452^†	366^†	358^†	279^†	278^†	301^†
Operating expenses	—	—	24,594^†	—	23,820^†	24,258^†	20,601^†	14,024^†	13,337^†	13,084^†	11,639^†	—
Operating profit	2.0%	6.6%	6,176^†	—	7,030^†	5,820^†	4,588^†	4,493^†	3,857^†	3,308^†	2,921^†	—
Operating profit margin	—	—	20.1%^†	—	22.8%^†	19.4%^†	18.2%^†	24.3%^†	22.4%^†	20.2%^†	20.1%^†	—
Depreciation	—	—	1,085^†	—	734^†	756^†	722^†	697^†	690^†	382^†	311^†	—
Interest	—	—	127^†	—	115^†	93^†	70^†	72^†	78^†	30^†	21^†	19^†
Exceptional items, gain / (loss)	—	—	-167^†	—	0^†	0^†	-54^†	0^†	-33^†	0^†	0^†	0^†
Profit before tax	1.5%	7.0%	5,734	4,897	7,005	5,490	4,194^†	4,090^†	3,413^†	3,175^†	2,866^†	2,658^†
Tax	—	—	1,488^†	—	1,683^†	1,389^†	1,059^†	1,038^†	759^†	1,040^†	971^†	855^†
Net profit	1.2%	6.8%	4,244	3,585	5,322	4,100	3,135^†	3,053^†	2,654^†	2,135^†	1,895^†	1,803^†
EPS	1.1%	6.8%	44.25^†	—	55.50^†	42.76^†	32.68^†	31.82^†	27.66^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	20.1%^†	—	22.8%^†	19.4%^†	18.2%^†	24.3%^†	22.4%^†	20.2%^†	20.1%^†	—
EBIT margin	19.0%^†	—	23.1%^†	18.6%^†	16.9%^†	22.5%^†	20.3%^†	19.5%^†	19.8%^†	18.6%^†
PBT margin	18.6%	16.6%	22.7%	18.3%	16.7%^†	22.1%^†	19.9%^†	19.4%^†	19.7%^†	18.5%^†
Net margin	13.8%	12.1%	17.2%	13.6%	12.4%^†	16.5%^†	15.4%^†	13.0%^†	13.0%^†	12.6%^†
Interest coverage	46.02x^†	—	61.69x^†	59.99x^†	60.71x^†	58.08x^†	44.54x^†	106.78x^†	137.09x^†	141.94x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	2.46x	2.30x	—	—	—	—	—	—	—	—
Quick ratio	1.77x	1.36x	—	—	—	—	—	—	—	—
Debt to equity	0.06x	0.00x	—	—	—	—	—	—	—	—
Return on equity	20.4%	18.9%	—	—	—	—	—	—	—	—
Return on assets	14.1%	13.5%	—	—	—	—	—	—	—	—
Return on capital employed	25.4%^†	—	—	—	—	—	—	—	—	—
Asset turnover	1.02x	1.11x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	6,761	-1,190	-2,144	1,196	5,565
March 31, 2025	4,166	-832	-3,416	1,067	3,099
March 31, 2024	5,738	-2,263	-2,974	2,171	3,567
March 31, 2023	4,222	-1,397	-2,185	1,224	2,998
March 31, 2022	1,260	-340	-1,989	415	845

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	30,084	20,782	20,686	341	849	17,256	7,006	395	7,624	4,825
March 31, 2025	26,653	18,983	18,888	2	37	14,288	6,216	176	7,798	5,848
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.