Asian Paints logo

Asian Paints share price

NSE: ASIANPAINTBSE: 500820Consumer DurablesLarge Cap

Asian Paints Limited · Formerly Asian Paints India · Face value ₹1 · Listed Oct 1982 on BSE, May 1995 on NSE
Last close ₹2,277.00down ₹45.00 (1.94%)BSE ₹2,290.40

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

52-week range of traded prices to 27 Oct 2026
₹2,115.00Low, 23 Mar 2026₹2,985.70High, 4 Dec 2025
Market cap
₹2,18,409 Cr38th largest listed
P/E
45.84
P/B
10.22
Dividend yield
1.21%
ROE
23.4%
ROCE
24.7%
Debt to equity
0.10
Volume, NSE
10,43,00652.6% delivered

Asian Paints share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−9.6%over a year · Nifty 50 −12.4% · Nifty 500 −8.8%

Results20-session average 7,04,172 shares a day, 58.2% 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
    Itemyear 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 eliminations2627
    Itemyear 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%)
    Exports were 0.3% of the parent company's own turnover.
  • 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. 1. Annual report, 12 Jun 2026, page 159
  2. 2. Annual report, 12 Jun 2026, page 111
  3. 3. Annual report, 12 Jun 2026, page 11
  4. 4. Annual report, 12 Jun 2026, page 29
  5. 5. Annual report, 12 Jun 2026, page 28
  6. 6. Annual report, 12 Jun 2026, page 112
  7. 7. Annual report, 12 Jun 2026, page 111
  8. 8. Annual report, 12 Jun 2026, page 30
  9. 9. Investor presentation, 29 Jul 2026, page 3
  10. 10. Annual report, 12 Jun 2026, page 99
  11. 11. Annual report, 12 Jun 2026, page 149
  12. 12. Annual report, 12 Jun 2026, page 111
  13. 13. Annual report, 12 Jun 2026, page 112
  14. 14. Annual report, 12 Jun 2026, page 20
  15. 15. Annual report, 12 Jun 2026, page 112
  16. 16. Investor presentation, 29 Jul 2026, page 26
  17. 17. Earnings call, 29 Jul 2026, page 10
  18. 18. Earnings call, 29 Jul 2026, page 11
  19. 19. Annual report, 12 Jun 2026, page 33
  20. 20. Annual report, 12 Jun 2026, page 6
  21. 21. Annual report, 12 Jun 2026, page 11
  22. 22. Annual report, 12 Jun 2026, page 33
  23. 23. Investor presentation, 29 Jul 2026, page 17
  24. 24. Investor presentation, 29 Jul 2026, page 18
  25. 25. Investor presentation, 29 Jul 2026, page 19
  26. 26. Annual report, 12 Jun 2026, page 14
  27. 27. Annual report, 12 Jun 2026, page 159
  28. 28. Investor presentation, 29 Jul 2026, page 23
  29. 29. Annual report, 12 Jun 2026, page 10
  30. 30. Annual report, 12 Jun 2026, page 14
  31. 31. Annual report, 12 Jun 2026, page 169
  32. 32. Annual report, 12 Jun 2026, page 110
  33. 33. Annual report, 12 Jun 2026, page 110
  34. 34. Exchange filing, 17 Sep 2026, page 1
  35. 35. Investor presentation, 29 Jul 2026, page 13
  36. 36. Earnings call, 29 Jul 2026, page 25
  37. 37. Exchange filing, 16 Jan 2026, page 1
  38. 38. Annual report, 12 Jun 2026, page 56
  39. 39. Annual report, 12 Jun 2026, page 19
  40. 40. Annual report, 12 Jun 2026, page 29
  41. 41. Annual report, 12 Jun 2026, page 18
  42. 42. Annual report, 12 Jun 2026, page 26
  43. 43. Earnings call, 29 Jul 2026, page 20
  44. 44. Earnings call, 29 Jul 2026, page 20
  45. 45. Earnings call, 29 Jul 2026, page 23
  46. 46. Earnings call, 29 Jul 2026, page 19
  47. 47. Exchange filing, 11 Sep 2026, page 1
  48. 48. Exchange filing, 31 Mar 2026, page 1
  49. 49. Annual report, 12 Jun 2026, page 111

Results

Consolidated; ₹ crore.Asian Paints quarterly results

Revenue growth, 12 months
+9.8%
Net profit growth, 12 months
+32.5%

Quarter to Jun 2026, against the quarter before

Revenue
₹10,542 Crup 14.01%
Net profit
₹1,559 Crup 31.54%
Net margin
14.8%

Revenue by quarter

₹8,028 CrSep 24₹8,549 CrDec 24₹8,359 CrMar 25₹8,939 CrJun 25₹8,531 CrSep 25₹8,867 CrDec 25₹9,247 CrMar 26₹10,542 CrJun 26
Peak revenue ₹10,542 Cr, quarter to Jun 2026; lowest ₹8,028 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹694 CrSep 24₹1,128 CrDec 24₹701 CrMar 25₹1,117 CrJun 25₹1,018 CrSep 25₹1,074 CrDec 25₹1,185 CrMar 26₹1,559 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue8,0288,5498,3598,9398,5318,8679,24710,542
Net profit6941,1287011,1171,0181,0741,1851,559
Net margin8.6%13.2%8.4%12.5%11.9%12.1%12.8%14.8%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 1% of 2,478 trading days over the last 10 years.

LowestHighest
Its median61.69Industry median30.20
Price to book

At or below today's level on 0.1% of 1,986 trading days since Oct 2018.

LowestHighest
Its median16.84Industry median2.72
Dividend yield

At or below today's level on 94% of 2,478 trading days over the last 10 years.

LowestHighest
Its median0.76%Industry median1.11%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Asian Paints shareholding pattern

Shareholding by group

  • Promoters52.65%
  • Foreign institutions13.76%
  • Indian institutions20.50%
  • Individuals and others13.02%
  • Employee trusts0.08%
Holder
Life Insurance Corporation of IndiaInsurance companies7.98%
Sattva Holding and Trading Private LimitedPromoter5.71%
Smiti Holding and Trading Company Private LimitedPromoter5.38%
Geetanjali Trading and Investments Private LimitedPromoter4.79%
Elcid Investments LimitedPromoter2.95%
Shubhit Holdings Private LimitedPromoter2.41%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 10.37% of their shares. Since Jun 2026: promoters +0.02 pts, foreign institutions +0.44 pts, Indian institutions −0.27 pts, mutual funds −0.16 pts.

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 time
2
Bought again
1
Added
138
Cut
101
Held unchanged
114
Sold out
9
Fund
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund87,66,0731.04%₹2,106.1 Cr
SBI Mutual Fund logoSBI Large Cap FundSBI Mutual Fund74,00,0003.39%₹1,777.9 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund60,57,7801.26%₹1,461.9 Cr
SBI Mutual Fund logoSBI Aggressive Hybrid FundSBI Mutual Fund55,00,0001.53%₹1,321.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund46,72,4031.47%₹1,122.6 Cr
SBI Mutual Fund logoSBI Large & Midcap FundSBI Mutual Fund38,44,0002.28%₹923.6 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Value FundICICI Prudential Mutual Fund30,17,6121.27%₹725.0 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund30,06,2471.04%₹722.3 Cr
UTI Mutual Fund logoUTI BSE Sensex ETFUTI Mutual Fund28,54,4791.26%₹688.9 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty 50 BeESNippon India Mutual Fund28,14,1451.04%₹676.1 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Berger Paints (I) logoBerger Paints (I)BERGEPAINT54,03344.417.81+5.2%+6.6%18.6%20.0%0.86%
Kansai Nerolac Paints logoKansai Nerolac PaintsKANSAINER14,85424.752.21+5.2%−47.0%9.1%11.3%1.36%
JSW Dulux logoJSW DuluxJSWDULUX12,7706.515.21−11.3%+383.5%103.8%16.8%1.78%
Indigo Paints logoIndigo PaintsINDIGOPNTS4,90430.204.25+9.5%+14.7%14.9%18.3%0.49%
Sirca Paints India logoSirca Paints IndiaSIRCA2,33434.834.91+24.1%+26.3%16.3%17.6%0.49%
Shalimar Paints logoShalimar PaintsSHALPAINTS684–2.72−10.6%–−24.5%−11.5%0.00%
Kamdhenu Ventures logoKamdhenu VenturesKAMOPAINTS125–0.70−7.9%––−1.0%0.00%
Siddhika Coatings logoSiddhika CoatingsSIDDHIKA11811.312.50+15.1%+21.7%24.3%–2.10%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

10Mar 178.7Mar 1811Mar 1912Mar 2018Mar 2119Mar 2226Mar 2333Mar 2425Mar 2528Mar 26
Highest ₹33.30 a share, year to Mar 2024.
Ex-dateTypePer share
4 Nov 2026InterimAmount not stated
23 Jun 2026Final₹23.00
18 Nov 2025Interim₹4.50
10 Jun 2025Final₹20.55
19 Nov 2024Interim₹4.25
11 Jun 2024Final₹28.15
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Asian Paints announcements

  1. Oct 2026

  2. Sep 2026

Asian Paints annual report, year to Mar 2026

Asian Paints share price by year

Each calendar year to 2025.Asian Paints share price history

YearClose at year endChangeHighest closeLowest close
20252,769.50+21.4%2,968.502,132.10
20242,281.35−32.9%3,396.102,262.40
20233,402.40+10.2%3,543.702,705.65
20223,087.90−8.7%3,576.302,580.20
20213,382.95+22.4%3,448.602,277.20
20202,764.50+54.9%2,764.501,498.45
20191,784.95+30.0%1,826.951,304.40
20181,373.05+18.5%1,467.751,101.60
20171,158.50+30.0%1,256.35896.60
2016891.05+0.8%1,216.60835.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20262,298.702,322.002,233.502,322.002,276.368,45,55238.0%
23 Oct 20262,280.002,307.002,260.002,307.002,282.068,36,46853.7%
22 Oct 20262,300.002,309.902,270.002,284.802,290.434,40,41551.6%
21 Oct 20262,320.402,349.402,297.702,319.402,319.325,14,42462.1%
19 Oct 20262,331.902,336.802,310.002,330.702,324.604,97,48858.6%
16 Oct 20262,360.002,363.602,327.502,331.902,335.5210,12,22867.2%
15 Oct 20262,352.102,398.402,349.202,350.002,371.068,33,00059.0%
14 Oct 20262,361.002,376.602,337.902,344.702,356.967,00,49561.6%
13 Oct 20262,332.402,376.002,317.802,376.002,352.796,17,31659.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
30 Jul 2013Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Ramaswami Seshasayee
At the end of the quarter to Sep 2026
Managing director and CEO
Amit Syngle
At the end of the quarter to Sep 2026
NSE symbol
ASIANPAINT
BSE code
500820
ISIN
INE021A01026
Industry
Consumer Durables
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