Asian Paints Limited
Asian Paints Limited (ASIANPAINT) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Consumer Discretionary›Consumer Durables›Consumer Durables›Paints
asianpaints.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
Stock price
₹2527.50
Market cap
2,42,245 Cr
Stock P/E
49.5
P/B
11.00
Dividend yield
1.0%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,479 Cr | 9,103 Cr | 8,731 Cr | 8,970 Cr | 8,028 Cr | 8,549 Cr | 8,359 Cr | 8,939 Cr | 8,531 Cr | 8,867 Cr | 9,247 Cr | 10,542 Cr |
| Operating expenses (approx.) | 6,762 Cr | 7,047 Cr | 7,039 Cr | 7,276 Cr | 6,788 Cr | 6,913 Cr | 6,923 Cr | 7,314 Cr | 7,028 Cr | 7,086 Cr | 7,460 Cr | 8,373 Cr |
| EBITDA | 1,716 Cr | 2,056 Cr | 1,691 Cr | 1,694 Cr | 1,240 Cr | 1,637 Cr | 1,436 Cr | 1,625 Cr | 1,503 Cr | 1,781 Cr | 1,787 Cr | 2,169 Cr |
| OPM % | 20.2% | 22.6% | 19.4% | 18.9% | 15.4% | 19.1% | 17.2% | 18.2% | 17.6% | 20.1% | 19.3% | 20.6% |
| Other income | 165 Cr | 139 Cr | 187 Cr | 156 Cr | 174 Cr | 143 Cr | 100 Cr | 193 Cr | 199 Cr | 161 Cr | 171 Cr | 241 Cr |
| Interest | 51 Cr | 54 Cr | 54 Cr | 55 Cr | 63 Cr | 56 Cr | 53 Cr | 45 Cr | 44 Cr | 48 Cr | 59 Cr | 48 Cr |
| Depreciation | 209 Cr | 220 Cr | 226 Cr | 228 Cr | 242 Cr | 256 Cr | 301 Cr | 301 Cr | 305 Cr | 313 Cr | 310 Cr | 304 Cr |
| Profit before tax | 1,651 Cr | 1,968 Cr | 1,624 Cr | 1,604 Cr | 959 Cr | 1,518 Cr | 1,022 Cr | 1,509 Cr | 1,392 Cr | 1,489 Cr | 1,614 Cr | 2,096 Cr |
| Tax % | 25.4% | 25.0% | 21.5% | 26.0% | 27.7% | 25.7% | 31.4% | 26.0% | 26.8% | 27.9% | 26.6% | 25.6% |
| Net profit | 1,232 Cr | 1,475 Cr | 1,275 Cr | 1,187 Cr | 694 Cr | 1,128 Cr | 701 Cr | 1,117 Cr | 1,018 Cr | 1,074 Cr | 1,185 Cr | 1,559 Cr |
| EPS (₹) | ₹12.57 | ₹15.10 | ₹13.11 | ₹12.20 | ₹7.25 | ₹11.58 | ₹7.22 | ₹11.47 | ₹10.37 | ₹11.06 | ₹12.23 | ₹16.06 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 19,350 Cr | 20,211 Cr | 21,713 Cr | 29,101 Cr | 34,489 Cr | 35,495 Cr | 33,906 Cr | 35,584 Cr | Sign in for TTM |
| Operating expenses (approx.) | 15,825 Cr | 16,049 Cr | 16,857 Cr | 24,298 Cr | 28,229 Cr | 27,910 Cr | 27,899 Cr | 28,888 Cr | Sign in for TTM |
| EBITDA | 3,525 Cr | 4,162 Cr | 4,856 Cr | 4,804 Cr | 6,260 Cr | 7,585 Cr | 6,006 Cr | 6,696 Cr | Sign in for TTM |
| OPM % | 18.2% | 20.6% | 22.4% | 16.5% | 18.2% | 21.4% | 17.7% | 18.8% | Sign in for TTM |
| Other income | 227 Cr | 304 Cr | 303 Cr | 380 Cr | 386 Cr | 688 Cr | 573 Cr | 724 Cr | Sign in for TTM |
| Interest | 51 Cr | 102 Cr | 92 Cr | 95 Cr | 144 Cr | 205 Cr | 227 Cr | 195 Cr | Sign in for TTM |
| Depreciation | 431 Cr | 781 Cr | 791 Cr | 816 Cr | 858 Cr | 853 Cr | 1,026 Cr | 1,229 Cr | Sign in for TTM |
| Profit before tax | 3,311 Cr | 3,578 Cr | 4,304 Cr | 4,188 Cr | 5,689 Cr | 7,348 Cr | 5,103 Cr | 6,003 Cr | Sign in for TTM |
| Tax % | 33.2% | 23.9% | 25.5% | -118.9% | 26.3% | 24.4% | 27.3% | 26.8% | Sign in for TTM |
| Net profit | 2,212 Cr | 2,774 Cr | 3,207 Cr | 9,167 Cr | 4,195 Cr | 5,558 Cr | 3,710 Cr | 4,395 Cr | Sign in for TTM |
| EPS (₹) | ₹22.51 | ₹28.20 | ₹32.73 | ₹31.59 | ₹42.83 | ₹56.95 | ₹38.25 | ₹45.12 | Sign in for TTM |
| Dividend payout % | — | — | — | 19.2% | 46.1% | 45.9% | 84.6% | 55.2% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 96 Cr | 96 Cr | 96 Cr | 96 Cr | 96 Cr | 96 Cr | 96 Cr | 96 Cr |
| Reserves | 9,424 Cr | 10,034 Cr | 12,710 Cr | 13,716 Cr | 15,896 Cr | 18,632 Cr | 19,304 Cr | 21,276 Cr |
| Borrowings | — | — | — | — | 972 Cr | 1,107 Cr | 864 Cr | 2,293 Cr |
| Other liabilities | 6,142 Cr | 6,025 Cr | 7,563 Cr | 9,173 Cr | 8,380 Cr | 9,393 Cr | 9,449 Cr | 10,226 Cr |
| Total liabilities | 15,661 Cr | 16,155 Cr | 20,370 Cr | 22,984 Cr | 25,798 Cr | 29,924 Cr | 30,371 Cr | 34,534 Cr |
| Fixed assets (net) | — | — | — | — | 5,355 Cr | 6,302 Cr | 8,631 Cr | 9,165 Cr |
| CWIP | — | — | — | — | 1,020 Cr | 2,698 Cr | 1,254 Cr | 1,849 Cr |
| Investments | — | — | — | — | 4,262 Cr | 4,588 Cr | 4,725 Cr | 7,062 Cr |
| Loans & advances | — | — | — | — | 0 Cr | 0 Cr | 0 Cr | 0.46 Cr |
| Inventories | — | — | — | — | 6,211 Cr | 5,923 Cr | 6,719 Cr | 5,744 Cr |
| Trade receivables | — | — | — | — | 4,637 Cr | 4,889 Cr | 4,314 Cr | 4,462 Cr |
| Cash & bank | — | — | — | — | 523 Cr | 829 Cr | 445 Cr | 673 Cr |
| Other assets | 15,661 Cr | 16,155 Cr | 20,370 Cr | 22,984 Cr | 3,791 Cr | 4,694 Cr | 4,283 Cr | 5,580 Cr |
| Total assets | 15,661 Cr | 16,155 Cr | 20,370 Cr | 22,984 Cr | 25,798 Cr | 29,924 Cr | 30,371 Cr | 34,534 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 986 Cr | 4,193 Cr | 6,104 Cr | 4,424 Cr | 7,088 Cr |
| Cash from investing | — | — | — | -322 Cr | -1,275 Cr | -2,518 Cr | -874 Cr | -1,334 Cr |
| Cash from financing | — | — | — | -1,808 Cr | -2,140 Cr | -2,982 Cr | -3,753 Cr | -2,377 Cr |
| Net cash flow | — | — | — | -1,138 Cr | 771 Cr | 573 Cr | -270 Cr | 3,383 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 436 Cr | 2,748 Cr | 3,608 Cr | 2,594 Cr | 5,601 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 35.3% | 36.3% | 34.3% | 31.0% | 33.5% | 36.8% | 25.5% | 25.5% |
| ROE % | 22.7% | 26.7% | 24.5% | 21.9% | 25.0% | 28.1% | 18.3% | 19.6% |
| Debtor days | — | — | — | — | 49 | 50 | 46 | 46 |
| Inventory days | — | — | — | — | 130 | 136 | 155 | 136 |
| Days payable | — | — | — | — | 76 | 88 | 89 | 91 |
| Cash conversion cycle | — | — | — | — | 103 | 98 | 112 | 90 |
| Debt / equity | — | — | — | — | 0.06 | 0.06 | 0.04 | 0.11 |
| Current ratio | — | — | — | — | 2.09 | 2.06 | 2.09 | 2.21 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.04 | 0.07 | 0.24 |
Compare with peers
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