Asia300

Asian Paints Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 23, 2017
Prev close: 1,099.45
May 23, 2017
Market cap:
Market cap(USD):
1,054.58B
16,269.01M
Shares: 959.19M

Currency in INR

Company profile

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

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 2017

  • Local currency
  • US Dollar
Revenue 152,902M
Gross profit 54,344.3M
Operating income 26,825.9M
Income before tax 29,146.1M
Net income 19,394.2M
EBITDA 30,214.3M
Diluted EPS 20.22
Dividends per share 10.3
Total assets 124,197.6M
Total liabilities 44,420.1M
Total equity 76,023M
Operating cash flow --

Currency in INR

Revenue 2,280.17M
Gross profit 810.41M
Operating income 400.04M
Income before tax 434.64M
Net income 289.21M
EBITDA 450.57M
Diluted EPS 0.30
Dividends per share 0.15
Total assets 1,912.64M
Total liabilities 684.07M
Total equity 1,170.75M
Operating cash flow --

Currency in USD

Valuation measures

Mar 2017

PER 52.97
ROA 17.13%
ROE 29.36%
Operating margin 17.54%
Profit margin 12.68%

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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