Asia300

Asian Paints Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 1,062.9
Apr 21, 2017
Market cap:
Market cap(USD):
1,019.53B
15,785.27M
Shares: 959.19M

Currency in INR

Company profile

Market(Ticker): BOM(500820)
Sector:
Industry:
Process Industries
Industrial Specialties
Full time employees: 16,651

Business summary

Asian Paints Ltd. manufactures and markets paints and coating products. It operates through the Paints and Home Improvement segments. Its products include: interior and exterior walls; wallpapers; wood finishes; metal finishes; waterproofing solutions; professional range; adhesives; and painting tools and implements. It also offers the following services: colour consultancy at home; home painting services; large projects; experience retail stores; and colour consultancy online. The company was founded by Champaklal H. Choksey, Chimanlal N.Choksi, Suryakant C. Dani and Arvind R. Vakil on February 1, 1942 and is headquartered in Mumbai, India.

Company background

Asian Paints, India's biggest paint producer, offers both household- and industrial-use products. Founded in 1942 by four partners, the company has held the largest share of the domestic paint market since 1967. It does business in South Asia, Africa, the Middle East and elsewhere through group units; all told, it supplies paint to more than 60 countries.

The company's growth is partly attributable to its active adoption of new technologies. Over the years, it enhanced its lineup of high-end paint for homes. Asian Paints' showrooms in Delhi and Mumbai are designed to present a broad range of products to customers.

In the automobile paint market, Asian Paints has a joint venture with major U.S. company PPG Industries.

The founders' families and affiliated companies own nearly 50% of Asian Paints shares. The board is also dominated by founding family members. The company is eager to expand abroad: In early 2015, it decided to acquire Ethiopia's Kadisco Paint.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 147,569.9M
Gross profit 48,512.5M
Operating income 23,924.2M
Income before tax 26,284.1M
Net income 17,262.1M
EBITDA 26,803.9M
Diluted EPS 18
Dividends per share 7.5
Total assets 102,118.4M
Total liabilities 43,123.8M
Total equity 56,052.5M
Operating cash flow 23,779M

Currency in INR

Revenue 2,253.97M
Gross profit 740.97M
Operating income 365.41M
Income before tax 401.46M
Net income 263.66M
EBITDA 409.40M
Diluted EPS 0.27
Dividends per share 0.11
Total assets 1,542.04M
Total liabilities 651.19M
Total equity 846.42M
Operating cash flow 363.19M

Currency in USD

Valuation measures

Mar 2016

PER 48.26
ROA 17.99%
ROE 33.36%
Operating margin 16.21%
Profit margin 11.69%

Key executive

  • Chief Executive Officer, MD & Executive Director: K. B. S. Anand
  • CFO, Secretary & Compliance Officer: Jayesh Merchant
  • President-Technology, Sales & Marketing: Amit Syngle
  • President-IT, Home Improvement & International: Manish Mahendra Choksi
  • Manager-Customer Centricity: Varun Amar Vakil

Share holders

  • Geetanjali Trading & Investments Pvt Ltd.(16.2%)
  • Life Insurance Corp. of India(5.3%)
  • Ojasvi Trading Ltd.(4.8%)
  • Elcid Investments Ltd.(2.9%)
  • VAKIL ABHAY ARVIND(2.4%)
  • Gujarat Organics Ltd.(2.3%)
  • Sudhanava Investment & Trading Co. Pvt Ltd.(1.9%)
  • Rupen Investment & Industries Ltd.(1.9%)
  • Satyadharma Investments & Trading Co. Pvt Ltd.(1.9%)
  • Castle Investment & Industries Ltd.(1.6%)

Address

  • Website: http://www.asianpaints.com
  • Address: Asian Paints House, 6A, Shantinagar, Mumbai, 400055, India
  • Phone: +91.22.62181000

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