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 weightage.
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 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 primars,wall primars, 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 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 have 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 industry leader.
BIL or the Berger International Limited was acquired by Asian Paints on 2002 which increased the companies business manifold because in paints world BIL carried prestige in its name. After 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.
Company Financials – 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 share is Rs 1.
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