Obermatt

Asian Paints

NSI:ASIANPAINT · INE021A01026
ChemicalsX-Large

360

67
EV / EBIT1
Price / Owner Earnings15
Owner Earnings Yield39
Dividend Yield61
Price/Sales8
EV / Gross Profit8
Price/Book9
Return on Capital97
Cash Return on Capital96
Return on Equity85
EBIT Margin67
Gross Profitability100
Cash Conversion57
Owner Earnings Margin80
Sales growth63
Profit Growth93
Long-Term EPS Growth61
Reinvestment32
Price momentum69
Debt load67
Refinancing18
Debt Payback100
Liquidity73
Analyst ratings27
Opinion Changes88
Price Target Upside24
Market mood39
Value Creation17/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Asian Paints generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryIndia
IndustryChemicals
SizeX-Large
TypePublic Company
ExchangeNSEI
Founded1945
Employees11,961
ISININE021A01026
Last UpdateApr 2, 2026
Themes
LifestyleHome ImprovementHome DecorManufacturing

Description

Analysis

Beloved champion

Asian Paints Limited is a beloved champion: its quality is genuine, and the market already prices it as exceptional. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 58.0× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 21% yearly growth; analysts expect 11%. The gap between price and consensus is worth watching: demanding expectations.

The trajectory is solid and the balance sheet is sturdy. The company scores 17/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
55
2023202420252026

All-time high

70

Dec 2023

All-time low

4

Mar 2025

Average rank

35

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
8
31
13
15
Price/Earnings
14
22
5
3
Price/Book
9
12
5
5
Dividend Yield
61
51
63
58
Value (overall)
19
17
23
11

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare Asian Paints with its peers
Avia Avian
JKT:AVIA
91
CountryIndonesia
IndustryChemicals
SizeMedium
Full Stock Analysis →
Vinati Organics
NSI:VINATIORGA
51
CountryIndia
IndustryChemicals
SizeMedium
Full Stock Analysis →
UltraTech Cement
NSI:ULTRACEMCO
64
CountryIndia
IndustryConstruction Materials
SizeX-Large
Full Stock Analysis →
AKR Corporindo
JKT:AKRA
99
CountryIndonesia
IndustryOil, Gas & Consumable Fuels
SizeLarge
Full Stock Analysis →
The Supreme Industries
NSI:SUPREMEIND
51
CountryIndia
IndustryChemicals
SizeLarge
Full Stock Analysis →
Tata Chemicals
NSI:TATACHEM
13
CountryIndia
IndustryChemicals
SizeLarge
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →