Asian Paints Ltd. is a large-cap company and a paints major in India. It belongs to Nifty 50 group of shares and Asian Paints share price fluctuations affect the benchmark index Nifty according to weight. In NSE, the company is named at ASIANPAINT.
Asian Paints Share Price Graph
About the company
Asian Paints Ltd. was incorporated a long way back, before independence in 1942. Today it stands as the third largest paint company in Asia and the largest paints major in India. Asian Paints runs the business in 17 countries, has 25 paint manufacturing units across the world and provides paints and related service to consumers in more than 65 countries.
Different categories of paints are manufactured by Asian Paints. Decorative paints for housing, Industrial paints for automobiles and other Industrial segments. In addition to these, the company also produces various paints accessories such as wood primers, wall primers, stainers, and Putties. Since 1967, the company leads the Indian paints market owing to its strong consumer-focused business outlook and innovative spirit.
Asian Paints has group operates across the world in many countries through it and its subsidiaries. They are Apco Coatings, Apco Coatings, and Taubmans, Berger International, SCIB Paints – Egypt, SCIB Paints and Taubmans. Asian Paints along with its subsidiaries runs the business across 5 regions of the world namely South East Asia, South Asia, Middle East, South Pacific and the Caribbean region. Among these, it operates through SCIB in Egypt, Apco Coatings in South Pacific, Taubmans in Fiji and Samoa.
Asian Paint has 25 manufacturing units across the world. The manufacturing units, regional, zonal and local distribution centres and the network of distributors and dealers are integrated in the state of art company designed logistics chain. In India company operates through 2 chemical plants, 350 raw material goods supplying units, 18 processing centres, 180 points for packing material vendors, 72 depots and 6 regional distribution centres all of which are integrated into the supply chain by the use of latest cutting-edge technologies.
To back up this vast set up and to conform with ever-evolving global paints market, it has a Strong R&D team equipped with latest and advanced laboratories which always come up with innovative ideas and applications in the paint sector to remain an industry leader.
BIL or the Berger International Limited was acquired by Asian Paints in 2002 which increased the companies business manifold because in paints world BIL carried prestige in its name. After the acquisition, Asian Paints kept the name intact sold paints under BIL brand name as well to maximize profit potential.
The company kept its fame intact by winning numerous awards for excellence both in national and international front.
- Plot No 50-55,
Industrial Development Area,
State: Andhra Pradesh
- Lal Bahadur Shastri Marg,
- A-1, UPSIDC Industrial Area,
Kasna – II, Kasna Village,
City: Gautam Budh Nagar
State: Uttar Pradesh
- Abhay VakilNon (Executive Director)
- Amit Syngle (Chief Operating Officer)
- Amrita VakilNon (Executive Director)
- Ashwin Choksi (Chairman)
- Ashwin Dani (Vice Chairman)
- Deepak Satwalekar (Independent Director)
Asian Paints share price is Rs 1144.80 (as on 16.06.17, EOD) in BSE. As per latest data of the Asian Paints share price, the standalone basis P/E is 60.71 versus average industry PE of 55.09, EPS is Rs 18.8. Market cap is Rs 1,09,464 crores. The face value of the share is Rs 1.
As on 19-09-2018, the closing share price of Asian paints is Rs 1289.35in NSE. The present market cap of Asian paints is Rs 123,674.17 crores. The EPS is Rs 22.62. The P/E is Rs 57 versus the industry P/E is 55.81. Book value per share is Rs 93.52. The P/BV ratio is 13.79. The dividend yield is 0.67. As per available data 95.92 crores of shares are subscribed.
The financial data for the second quarter of fiscal 2018 – 19 shows the consolidated net profit is Rs 558.02 crores. Net sales stood at Rs 4398.59 crores. And the EBITDA shows a figure of Rs 874.44 crores.
The company was incorporated in the year 1945, a little before independence. The company largely operates in paints and pigments sector and earns revenue from these verticals.
The recent audited financial report shows it has earned Rs 14316.13 crores from Paints, Varnishes, Enamels and Blacks, its key products which contributed 98.32% of total sales. In addition, Subsidy contributed Rs 162.36 crores equivalent to 1.11% of total sales value, Process charges earned Rs 59.21 crores amounting to 0.40% of sales value, Sale os services earned Rs 13.04 crores (0.40% of total sales value) and Scrap sales earned Rs 8.81 crores (0.06% of total sales value. The audited report of fiscal 2017 – 18 data shows this sales data.
As per the latest financial data received from the quarter ended 30-06-2018, the company reported a total sales of Rs 4390.27 crores (consolidated). Comparing to the sales in the previous quarter, the sales are down by -2.08% and increased by 15.07% from the sales in the same quarter of the previous fiscal. The consolidated sales data for the previous quarter which ended on 31-03-2018 shows total sales value stands at Rs 4483.58 crores and the second quarter of previous fiscal sales stood at Rs 3815.22 crores.
The return on equity, ROE stands at 25.62%. The return on capital employed, ROCE is 36.65% and return on assets is 15.68%.
The company has appointed Deloitte Haskins & Sells LLP as its auditors.
As on 30-06-2018, Asian paints has 959,197,790 no of total shares outstanding
The Promoter and promoter group owns 52.79%. They all are Indian promoters. Foreign institutional investors or FII/ FPI own a total of 14.65% of shares. The domestic institutional investors or DII own a total of 12.02% of shares. The rest of the shares, which is 20.54% are owned by non-institutional investors.
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