Asian Paints Limited is engaged in manufacturing paints. The company has its market capitalization worth INR2,55,702.95 crore as of 16th April 2021. This company was established in 1942. The company has reported quarterly revenue of INR5,872.81 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 500820 and on the National Stock Exchange (NSE) with the symbol ASIANPAINT.
The company is an Indian multinational paint manufacturing company engaged in manufacturing, selling and distributing paints and products about home decor, bath fittings, and related services. The company has its headquarters in Mumbai.
In 1945, Asian paints Ltd. was incorporated, and the company changed its name to Asian Paints (India) Pvt. Ltd. in the year 1965. In 1973, the corporation became a public limited company. Asian Paints Ltd. is India's largest paint manufacturer, Asia's third-largest, and ranks among the world's top ten paint manufacturers. The company has 27 paint production plants in 22 countries and serves clients in 65 countries. The company has established its manufacturing plants in Maharashtra, Gujarat, Andhra Pradesh, Uttar Pradesh, Tamil Nadu and Haryana. Some of the subsidiaries of Asian Paints are- Sleek International Private Ltd., Asian Paints (Middle East) LLC, Asian Paints Industrial Coating Ltd. and Kitchen Grace India Private Ltd., among others. The company began commercial manufacture of water-based paints and intermediaries in the state of Karnataka in 2019, with a potential of 3 lakh kilolitres per year, which made its ultimate capacity of 6 Lakh KL p.a. and another plant at Visakhapatnam with an initial capacity of 3 Lakh KL p.a. and making the maximum capacity to 5 Lakh KL p.a. The firm offers a wide variety of facilities to meet the demands of large schemes such as co-operative housing associations, institutes, and government agencies. The company reported an increase in profits over the last two years, with Rs.840 crores in March 2019 and Rs.1240 crores in March 2020. The debt of the company stands Rs.1644 crores as of March 2021. The firm operates in all four decorative colours, including Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wall Finishes, and Exterior Wall Finishes, Enamels and Wood Finishes. Colour Worlds (Dealer Tinting Systems), Home Solutions (painting solutions Service), Kids World (painting solutions for kids' rooms), Colour Next (prediction of colour trends by in-depth research), and Royale Play Special Effect Paints are just a couple of the innovative paint ideas they've introduced to the Indian market.
Asian Paints share price as on 28 Mar 2024 is Rs. 2846.75. Over the past 6 months, the Asian Paints share price has decreased by 13.78% and in the last one year, it has increased by 1.53%. The 52-week low for Asian Paints share price was Rs. 2708.65 and 52-week high was Rs. 3568.