Asian Paints share price
NSE: ASIANPAINTBSE: 500820Consumer DurablesLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹2,322.00.
27 Oct: open ₹2,296.40, high ₹2,322.00, low ₹2,268.70
- Next results date: the board meets on 29 Oct 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹2,18,409 Cr38th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 45.84
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 10.22
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.21%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 23.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 24.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.10
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 10,43,00652.6% delivered
About Asian Paints
Asian Paints Limited makes and sells paints and coatings, along with home décor products such as kitchens, bath fittings, furniture and furnishings, and offers painting and interior design services.1 It serves homeowners, large projects, architects, interior designers and contractors through wholesalers, distributors, retail outlets and online platforms.1 Outside India it operates in Asia, the Middle East, Africa and the South Pacific.2
The business is organised as decorative paints, home décor, international and industrial coatings.32 Home décor brands include Sleek kitchens, Bathsense and ESSESS bath fittings, White Teak lighting and Weatherseal windows and doors.45 The industrial business includes 50:50 joint ventures with PPG Group of the USA: PPG Asian Paints, for automotive, refinish, packaging and marine coatings, and Asian Paints PPG, for protective and powder coatings and road markings.67 During the year to Mar 2026 the partnership was extended for a further 15 years.6 Abroad it sells under brands including Asian Paints, SCIB Paints, Apco Coatings, Asian Paints Berger, Taubmans, Asian Paints Causeway and Kadisco Asian Paints.8
Its business dates to 1942.9 It was incorporated in 1945.10 It made its initial public offer of shares in 1982.11 On 27 Jun 2025 it bought the remaining 40% of White Teak for ₹188 crore, and now holds 100% of it.1213
Members of the promoter group sit on the board as non-executive directors, among them vice chairman Manish Choksi; the chairman, R Seshasayee, is an independent director, and Amit Syngle is managing director and CEO.1415
Asian Paints key points
Results
- In the quarter to Jun 2026, Asian Paints' consolidated net sales grew 17.9% and PBDIT (profit before depreciation, interest and tax) grew 33.5%, a margin of 20.6% of sales. Profit after tax, before the share of outside shareholders in subsidiaries, grew 39.6%.16
- In the same quarter, management said its volume grew about 9% and decorative revenue about 16.6% by value. It also said new products make up 17% of its revenue.1718
- For the parent company alone (standalone), revenue from sale of products and services in the year to Mar 2026 rose 4.3% to ₹30,680.2 crore. EBITDA (profit before interest, tax, depreciation and amortisation) rose 12.43% to ₹7,113.1 crore; net profit was ₹4,244.2 crore.1920
Business segments
- Consolidated revenue from sale of products and services by segment2122
Item year to Mar 2026 Decorative and home décor ₹30,830.4 crore (86.8%) International ₹3,353.6 crore (9.4%) Industrial, excluding PPG Asian Paints (an associate) ₹1,332.4 crore (3.8%) - In its presentation of 29 Jul 2026, the company put home décor at about 4% of decorative revenue. In the quarter to Jun 2026, kitchen revenue rose 10.1% to ₹108 crore, bath fell 4.3% to ₹85 crore and White Teak fell 7.4% to ₹19 crore.2324
- In the quarter to Jun 2026, revenue of PPG Asian Paints grew 13.5%, led by general industrial and automotive coatings, and of Asian Paints PPG 21.3%, led by protective and powder coatings.25
Where revenue comes from
- International revenue by region, before inter-company eliminations2627Exports were 0.3% of the parent company's own turnover.
Item year to Mar 2026 Asia (Bangladesh, Nepal, Sri Lanka) ₹1,410.5 crore (41%) Middle East (Oman, Bahrain, UAE, Qatar) ₹1,255.4 crore (37%) Africa (Egypt, Ethiopia) ₹599.2 crore (17%) South Pacific ₹157.8 crore (5%) - In the quarter to Jun 2026, international revenue grew 27.2% in rupees and 20.3% in constant currency (at the earlier year's exchange rates), with a profit before tax margin of 7.9%.28
Plants and capacity
- It has 2,290,000 kilolitres (KL) a year of decorative paint capacity across 8 plants in India, the largest at Mysuru, Karnataka (600,000 KL), and 25 paint plants worldwide, 15 of them outside India.293031
- The company stated in its annual report for the year to Mar 2026 that it plans a water-based paint plant in Madhya Pradesh with capacity of 4 lakh KL a year and an estimated investment of about ₹2,000 crore.32
- On a standalone basis it spent ₹1,177.99 crore on capital expenditure in the year to Mar 2026, against ₹1,467.19 crore a year earlier, mainly on paint capacity expansion, regular plant spending and backward integration projects.33
Backward integration
- On 17 Sep 2026, the company began commercial production of VAE (vinyl acetate ethylene emulsion, a paint binder) at Dahej, Gujarat, with capacity of 1,50,000 tonnes a year, mainly for its own paint plants.34
- As of its filing of 17 Sep 2026, construction of the VAM (vinyl acetate monomer, the raw material for VAE) plant, planned at 100,000 tonnes a year, and of ethylene storage at Dahej was in progress.3435
- On its earnings call of 29 Jul 2026, the company said it expects its use of VAE to rise closer to the plant's capacity over about 2 to 2.5 years, depending on how many products it develops with VAE.36
- On 12 Oct 2025, commercial production began at the Fujairah, UAE plant of Asian White Cement Holding; white cement is a raw material for wall putty. In its exchange filing of 16 Jan 2026, the company said its stake had moved from 70% to 60%.3738
Branches and reach
- In the year to Mar 2026 its Beautiful Homes store network grew to 74 stores across 20 states, and its kitchen business had 305 stores across 160 cities.3940
- In the year to Mar 2026 it added nearly 6,000 retail touchpoints, its Beautiful Homes Painting Service reached over 650 towns, and it trained more than 9.45 lakh painters and contractors.4142
What the company expects
- On its earnings call of 29 Jul 2026, the company said it expects its volume growth of about 8% to 10% for the year to Mar 2027.43
- On its earnings call of 29 Jul 2026, the company said its guidance of a PBDIT margin of 18% to 20% holds.4445
- On its earnings call of 29 Jul 2026, the company said it expects the industrial business to keep growing faster than decorative.46
Recent events
- On 10 Sep 2026, Crisil Ratings reaffirmed its credit ratings (a grade of how likely a borrower is to repay) of AAA/Stable on the company's long-term bank loans and A1+ on its short-term bank loans.47
- On 31 Mar 2026, the merger into the company of Asian Paints (Polymers), the wholly owned subsidiary set up for the Dahej VAE and VAM plant, took effect.4849
Last updated
All 49 sources, each with its page
- 1. Annual report, 12 Jun 2026, page 159
- 2. Annual report, 12 Jun 2026, page 111
- 3. Annual report, 12 Jun 2026, page 11
- 4. Annual report, 12 Jun 2026, page 29
- 5. Annual report, 12 Jun 2026, page 28
- 6. Annual report, 12 Jun 2026, page 112
- 7. Annual report, 12 Jun 2026, page 111
- 8. Annual report, 12 Jun 2026, page 30
- 9. Investor presentation, 29 Jul 2026, page 3
- 10. Annual report, 12 Jun 2026, page 99
- 11. Annual report, 12 Jun 2026, page 149
- 12. Annual report, 12 Jun 2026, page 111
- 13. Annual report, 12 Jun 2026, page 112
- 14. Annual report, 12 Jun 2026, page 20
- 15. Annual report, 12 Jun 2026, page 112
- 16. Investor presentation, 29 Jul 2026, page 26
- 17. Earnings call, 29 Jul 2026, page 10
- 18. Earnings call, 29 Jul 2026, page 11
- 19. Annual report, 12 Jun 2026, page 33
- 20. Annual report, 12 Jun 2026, page 6
- 21. Annual report, 12 Jun 2026, page 11
- 22. Annual report, 12 Jun 2026, page 33
- 23. Investor presentation, 29 Jul 2026, page 17
- 24. Investor presentation, 29 Jul 2026, page 18
- 25. Investor presentation, 29 Jul 2026, page 19
- 26. Annual report, 12 Jun 2026, page 14
- 27. Annual report, 12 Jun 2026, page 159
- 28. Investor presentation, 29 Jul 2026, page 23
- 29. Annual report, 12 Jun 2026, page 10
- 30. Annual report, 12 Jun 2026, page 14
- 31. Annual report, 12 Jun 2026, page 169
- 32. Annual report, 12 Jun 2026, page 110
- 33. Annual report, 12 Jun 2026, page 110
- 34. Exchange filing, 17 Sep 2026, page 1
- 35. Investor presentation, 29 Jul 2026, page 13
- 36. Earnings call, 29 Jul 2026, page 25
- 37. Exchange filing, 16 Jan 2026, page 1
- 38. Annual report, 12 Jun 2026, page 56
- 39. Annual report, 12 Jun 2026, page 19
- 40. Annual report, 12 Jun 2026, page 29
- 41. Annual report, 12 Jun 2026, page 18
- 42. Annual report, 12 Jun 2026, page 26
- 43. Earnings call, 29 Jul 2026, page 20
- 44. Earnings call, 29 Jul 2026, page 20
- 45. Earnings call, 29 Jul 2026, page 23
- 46. Earnings call, 29 Jul 2026, page 19
- 47. Exchange filing, 11 Sep 2026, page 1
- 48. Exchange filing, 31 Mar 2026, page 1
- 49. Annual report, 12 Jun 2026, page 111
Results
Consolidated; ₹ crore.Asian Paints quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +9.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +32.5%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹10,542 Crup 14.01%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,559 Crup 31.54%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 14.8%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,028 | 8,549 | 8,359 | 8,939 | 8,531 | 8,867 | 9,247 | 10,542 |
| Net profit | 694 | 1,128 | 701 | 1,117 | 1,018 | 1,074 | 1,185 | 1,559 |
| Net margin | 8.6% | 13.2% | 8.4% | 12.5% | 11.9% | 12.1% | 12.8% | 14.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹35,584 Crup 4.95%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,395 Crup 18.46%
- Net margin
- 12.4%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17,085what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹1,795 crore, a tax on the goods the company makes that it collects and pays to the government. | 17,262what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹438 crore, a tax on the goods the company makes that it collects and pays to the government. | 19,350 | 20,211 | 21,713 | 29,101 | 34,489 | 35,495 | 33,906 | 35,584 |
| Net profit | 2,016 | 2,098 | 2,212 | 2,774 | 3,207 | 9,167 | 4,195 | 5,558 | 3,710 | 4,395 |
| Net margin | 11.8% | 12.2% | 11.4% | 13.7% | 14.8% | 31.5% | 12.2% | 15.7% | 10.9% | 12.4% |
Business segments
In the year to Mar 2026 the company reports one business segment, Paints and Home Décor, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Asian Paints PE ratio and valuation
At or below today's level on 1% of 2,478 trading days over the last 10 years.
At or below today's level on 0.1% of 1,986 trading days since Oct 2018.
At or below today's level on 94% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −6.2% | +18.0% | −21.6% | 1.3% |
| 3 years | −6.6% | +1.8% | −9.4% | 1.2% |
| 5 years | −2.1% | +6.6% | −9.1% | 1.0% |
Mutual fund holdings
360 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 202 of the 239 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 360 funds holding Asian Paints
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 138
- CutCut. Funds that held fewer shares than at the end of the month before.
- 101
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 114
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 9
| Fund | |||
|---|---|---|---|
| 87,66,073 | 1.04% | ₹2,106.1 Cr | |
| 74,00,000 | 3.39% | ₹1,777.9 Cr | |
| 60,57,780 | 1.26% | ₹1,461.9 Cr | |
| 55,00,000 | 1.53% | ₹1,321.4 Cr | |
| 46,72,403 | 1.47% | ₹1,122.6 Cr | |
| 38,44,000 | 2.28% | ₹923.6 Cr | |
| 30,17,612 | 1.27% | ₹725.0 Cr | |
| 30,06,247 | 1.04% | ₹722.3 Cr | |
| 28,54,479 | 1.26% | ₹688.9 Cr | |
| 28,14,145 | 1.04% | ₹676.1 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Asian Paints insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 29 pledge filings of unclear kind
- Others: no market trade
Asian Paints competitors and peers
Paints, 10 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Asian Paints in market cap. 1 company in the table last traded before then: its row is priced on its last trade.Consumer durables companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 54,033 | 44.41 | 7.81 | +5.2% | +6.6% | 18.6% | 20.0% | 0.86% | |
| 14,854 | 24.75 | 2.21 | +5.2% | −47.0% | 9.1% | 11.3% | 1.36% | |
| 12,770 | 6.51 | 5.21 | −11.3% | +383.5% | 103.8% | 16.8% | 1.78% | |
| 4,904 | 30.20 | 4.25 | +9.5% | +14.7% | 14.9% | 18.3% | 0.49% | |
| 2,334 | 34.83 | 4.91 | +24.1% | +26.3% | 16.3% | 17.6% | 0.49% | |
| 684 | – | 2.72 | −10.6% | – | −24.5% | −11.5% | 0.00% | |
| 125 | – | 0.70 | −7.9% | – | – | −1.0% | 0.00% | |
| 118 | 11.31 | 2.50 | +15.1% | +21.7% | 24.3% | – | 2.10% |
Dividends
Per share, by the year it was paid for, and the latest payments.Asian Paints dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 4 Nov 2026 | Interim | Amount not stated |
| 23 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹23.00 |
| 18 Nov 2025 | Interim | ₹4.50 |
| 10 Jun 2025 | Final | ₹20.55 |
| 19 Nov 2024 | Interim | ₹4.25 |
| 11 Jun 2024 | Final | ₹28.15 |
Latest announcements
Routine notices left out.Asian Paints announcements
Oct 2026
Sep 2026
17 Sep · Commencement of commercial production/operations
Asian Paints share price by year
Each calendar year to 2025.Asian Paints share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,769.50 | +21.4% | 2,968.50 | 2,132.10 |
| 2024 | 2,281.35 | −32.9% | 3,396.10 | 2,262.40 |
| 2023 | 3,402.40 | +10.2% | 3,543.70 | 2,705.65 |
| 2022 | 3,087.90 | −8.7% | 3,576.30 | 2,580.20 |
| 2021 | 3,382.95 | +22.4% | 3,448.60 | 2,277.20 |
| 2020 | 2,764.50 | +54.9% | 2,764.50 | 1,498.45 |
| 2019 | 1,784.95 | +30.0% | 1,826.95 | 1,304.40 |
| 2018 | 1,373.05 | +18.5% | 1,467.75 | 1,101.60 |
| 2017 | 1,158.50 | +30.0% | 1,256.35 | 896.60 |
| 2016 | 891.05 | +0.8% | 1,216.60 | 835.25 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 2,298.70 | 2,322.00 | 2,233.50 | 2,322.00 | 2,276.36 | 8,45,552 | 38.0% |
| 23 Oct 2026 | 2,280.00 | 2,307.00 | 2,260.00 | 2,307.00 | 2,282.06 | 8,36,468 | 53.7% |
| 22 Oct 2026 | 2,300.00 | 2,309.90 | 2,270.00 | 2,284.80 | 2,290.43 | 4,40,415 | 51.6% |
| 21 Oct 2026 | 2,320.40 | 2,349.40 | 2,297.70 | 2,319.40 | 2,319.32 | 5,14,424 | 62.1% |
| 19 Oct 2026 | 2,331.90 | 2,336.80 | 2,310.00 | 2,330.70 | 2,324.60 | 4,97,488 | 58.6% |
| 16 Oct 2026 | 2,360.00 | 2,363.60 | 2,327.50 | 2,331.90 | 2,335.52 | 10,12,228 | 67.2% |
| 15 Oct 2026 | 2,352.10 | 2,398.40 | 2,349.20 | 2,350.00 | 2,371.06 | 8,33,000 | 59.0% |
| 14 Oct 2026 | 2,361.00 | 2,376.60 | 2,337.90 | 2,344.70 | 2,356.96 | 7,00,495 | 61.6% |
| 13 Oct 2026 | 2,332.40 | 2,376.00 | 2,317.80 | 2,376.00 | 2,352.79 | 6,17,316 | 59.7% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 30 Jul 2013 | Split | 0.1000 | Each share became 10. |
Company details
- NSE symbol
- ASIANPAINT
- BSE code
- 500820
- ISIN
- INE021A01026
- Industry
- Consumer Durables
- Website
- www.asianpaints.com
- CIN
- L24220MH1945PLC004598
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1945
- Registered office
- 6A & 6B, Shantinagar, Santacruz East, Mumbai 400055, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments