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Asian Paints Ltd share Price Today

Company details

2,858.45
2,887.90
2,670.10
3,568.00
6M Return -8.61%
1Y Return -7.59%
Mkt Cap.(Cr) 274,925.33
Volume 86,452
Div Yield 1.16%
OI
-
OI Chg %
-
Volume 86,452

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Upbeat operating performance…
About The Stock

    Asian Paints (APL) is India’s largest decorative paint company. The company derives ~98% revenue from the paints business while 2% business comes from the home improvement business (kitchen and bathroom fittings).

    • Caters to ~1.5 lakh retail touchpoints across India
    • Despite being in a capital intensive business, the company has maintained a strong balance sheet with RoCE, RoE of ~31%, 27%, respectively
Q4FY23 Results

    Strong performance on all fronts.

    • APL reported healthy revenue growth of ~11% YoY to ~₹ 8787 crore led by strong volume offtake. Decorative volume growth came in at 16% YoY led by robust demand and expansion of distribution networks. The company has not taken any price hike during Q4FY23
    • Easing raw material prices helped drive gross margin up 379 bps YoY. As a result, EBITDA margin expanded 293 bps YoY to 21.2%
    • PAT grew 44% YoY to ₹ 1258.4 crore tracking EBITDA margin expansion

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Research view on more stocks

Asian Paints announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Consolidated Net Sales decreased by 0.6% to Rs 8,701.5 crore from Rs 8,750.8 crore.
  • Improvement in gross margins by about 120 basis points in Q4FY24 as compared to Q4 FY23.
  • PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before share in profit of associates) decreased by 9.3% to Rs 1,691.4 crore from Rs 1,864.8 crore.
  • PBDIT Margin as % to Sales at 19.4% as compared to 21.3% in the corresponding period of the previous year.
  • Profit before exceptional items and tax decreased by 6.4% to Rs 1,624.1 crore from Rs 1,734.5 crore.
  • Net Profit after minority interest increased by 1.8% to Rs 1,256.7 crore from Rs 1,234.1 crore. 

Standalone:

  • Net Sales decreased by 1.9% to Rs 7,443.9 crore from Rs 7,589.2 crore.
  • Improvement in gross margins by about 140 basis points in Q4FY24 as compared to Q4 FY23.
  • PBDIT for the quarter decreased by 11.4% to Rs 1,548.8 crore from Rs 1,747.6 crore.
  • PBDIT Margin as % to Sales at 20.8% from 23.0% in the corresponding period of the previous year.
  • Profit before tax decreased by 8.0% to Rs 1,522.1 crore from Rs 1,654.0 crore.
  • Net Profit decreased by 2.0% to Rs 1,209.4 crore from Rs 1,233.7 crore.

FY24 Financial Highlights:

Consolidated:

  • Consolidated Net Sales increased by 3.0% to Rs 35,382.1 crore from Rs 34,367.8 crore.
  • Improvement in gross margins by about 480 basis points in FY24 as compared to FY23.
  • PBDIT (before share in profit of associates) increased by 21.2% to Rs 7,585.0 crore from Rs 6,259.8 crore.
  • PBDIT Margin as % to Sales improved to 21.4% from 18.2% in the previous year.
  • Profit before exceptional items and tax increased by 28.1% to Rs 7,347.8 crore from Rs 5,737.7 crore.
  • Net Profit after minority interest increased by 33.0% to Rs 5,460.2 crore from Rs 4,106.5 crore.

Standalone:

  • Net Sales increased by 2.6% to Rs 30,727.7 crore from Rs 29,953.1 crore.
  • Improvement in gross margins by about 520 basis points in FY24 as compared to FY23.
  • PBDIT for the period increased by 20.8% to Rs 7,030.4 crore from Rs 5,820.5 crore.
  • PBDIT Margin as % to Sales improved to 22.9% from 19.4% in the previous year.
  • Profit before tax increased by 27.6% to Rs 7,005.0 crore from Rs 5,489.6 crore.
  • Net Profit increased by 29.8% to Rs 5,321.6 crore from Rs 4,100.2 crore

Amit Syngle, Managing Director & CEO of Asian Paints, said “We crossed the Rs 35,000 crore consolidated revenue milestone in FY2024. Our Decorative & Industrial coatings combined, delivered a volume growth of 10% and value growth of 3.9% for the year with our Industrial segment registering double-digit value growth. We are the largest integrated Home Décor player. And during the year, we made good progress on launching new collections and expanding our store footprint as well as integrating our Home Décor offerings within our Beautiful Homes network. Profits for the year have grown in strong double digits supported by subdued material prices coupled with sourcing and formulation efficiencies.

Decorative Business volume grew at a healthy clip of 10% in the fourth quarter. However, revenues were 1.8% lower than last year impacted by the weak demand environment and downtrading, particularly in the Premium segment. The Economy and Luxury range though, grew well. Price cuts implemented in the last few months also affected the fourth quarter value. Overall, the coatings revenue including Industrial, was almost flat for the quarter. Our International Business has seen steady growth in the Middle Eastern and African markets but remains constrained by macro-economic headwinds in South Asia and Egypt. Despite these challenges, profit delivery in the Global business has been strong all through the year.

Looking ahead, we remain confident about a pick-up in demand conditions with a favorable monsoon forecast. We will continue to innovate with speed and invest in our brand, focusing on our consumers and keeping their interests at the forefront.” 

Result PDF

View Other Company Results

Asian Paints Ltd shares SWOT Analysis

Strengths (8)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (2)

  • Promoters increased pledged shares QoQ
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,901.0
R2 2,927.2
R3 2,944.2
Pivot

2,883.98

S1 2,857.8
S2 2,840.8
S3 2,814.6
EMA SMA
2,855.5
2,876.0
2,937.9
3,012.0
2,858.9
2,856.9
2,956.3
3,073.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 2024-01-25 2999.45 61340 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 2999.45 5113 NSE
SOCIETE GENERALE Block Sell 2024-01-25 2999.45 66453 NSE
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OUR RESEARCH VIEW

Investment recommendation
Upbeat operating performance…
Call Date
12 May 2023
Entry Price 3,140.00
Target Price 3,425.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Asian Paints Ltd Stocks COMPARISON

Financials( in Cr) Asian Paints Ltd Berger Paints India Ltd Kansai Nerolac Paints Ltd Akzo Nobel India Ltd Indigo Paints Ltd
Price 2,866.20 484.20 273.60 2,552.25 1,362.50
% Change -0.30 -0.72 0.13 -0.78 0.45
Mcap Cr 274,925.33 56,447.84 22,117.28 11,622.95 6,488.36
Revenue TTM Cr 34,488.59 10,567.84 8,520.70 3,802.10 1,073.33
Net Profit TTM Cr 4,195.33 860.40 468.47 335.10 131.94
PE TTM 50.51 48.68 32.15 27.46 43.83
1 Year Return -7.59 -8.43 -0.19 3.57 -4.66
ROCE 34.45 23.34 14.33 32.26 21.43
ROE 28.15 20.43 10.81 26.04 18.51
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 15,992.23 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31
Asian Paints Limited - Copy of Newspaper Publication

May 24, 2024 l NSE Announcement

Asian Paints Limited - Copy of Newspaper Publication

May 23, 2024 l NSE Announcement

Asian Paints Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 21, 2024 l NSE Announcement

Date Action Type Ratio
Jun 11, 2024 Dividend 2815
Nov 03, 2023 Dividend 515
Jun 09, 2023 Dividend 2125

Asian Paints Ltd Information

Stock PE (TTM)
50.51
Promoter Holding
52.63%
Book Value
195.2496
ROCE
34.45%
ROE
28.15%
Description
  • 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.

Registered Address

6A Shantinagar, Santacruz (East), Mumbai, Maharashtra, 400055

Tel : 91-22-62181000
Email : investor.relations:asianpaints.com
Website : http://www.asianpaints.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500820
NSE Code : ASIANPAINT
Book Closure Date (Month) :
BSE Group : A
ISIN : INE021A01026

FAQ’s on Asian Paints Ltd Shares

You can buy Asian Paints Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Asian Paints Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 27, 2024 09:44 AM the closing price of Asian Paints Ltd was Rs.2,866.20.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 27, 2024 09:44 AM, the market cap of Asian Paints Ltd stood at Rs. 274,925.33.

The latest PE ratio of Asian Paints Ltd as of May 27, 2024 09:44 AM is 50.51

The latest PB ratio of Asian Paints Ltd as of May 27, 2024 09:44 AM is 0.07

The 52-week high of Asian Paints Ltd share price is Rs. 3,568.00 while the 52-week low is Rs. 2,670.10

According to analyst recommendations, Asian Paints Ltd Share has a "Buy" rating for the long term.

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