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Process Industries

Asian Paints

  • 1,272.05 INR
  • +17.65
  • +1.41%
  • India
    Jun 21, 2018
  • Ticker
    BOM(500820)
  • Prev. close
    1,254.40
  • Market cap (INR)
    1,203.21B
  • Market cap (USD)
    17,673.58M
  • Shares
    959.19M

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.

Business Summary

Asian Paints Ltd. manufactures and markets paints and coating products. It operates through the Paints and Home Improvement segments. The Paints segment manufactures and trades paints and related services. The Home Improvement segment engages in the manufacture and trade of bath fitting products and related services. 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.

Financial Highlights

Mar 2018 INRUSD
Revenue166,804.70M2,587.48M
Gross Profit52,128.10M808.61M
Operating income27,276.10M423.10M
Income before tax30,684.80M475.98M
Net income19,689.30M305.42M
EBITDA30,880.80M479.02M
Diluted EPS20.550.31
Dividends Per Share8.700.13
Total Assets137,830.80M2,113.26M
Total liabilities50,463.60M773.72M
Total equity84,090.70M1,289.30M
Operating cash flow21,550.20M334.28M
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 121,411.90M 134,921.50M 141,358M 150,307.10M 166,804.70M
Gross Profit 34,612.70M 39,576.80M 45,124.20M 50,381.40M 52,128.10M
Operating income 16,888.50M 18,543.30M 25,373.80M 25,718.70M 27,276.10M
Income before tax 18,342.70M 20,768.70M 26,138.50M 29,336.80M 30,684.80M
Net income 12,188.10M 13,951.50M 17,451.60M 19,135.70M 19,689.30M
EBITDA 19,336.70M 21,197.80M 28,129.60M 29,066.60M 30,880.80M
Diluted EPS 12.71 14.54 18.19 20.22 20.55
Dividends Per Share 5.30 6.10 7.50 8.30 8.70
Total Assets 80,800.30M 89,789.30M 105,608.60M 124,213.50M 137,830.80M
Total liabilities 37,947.90M 39,729M 36,532.20M 44,457.80M 50,463.60M
Total equity 40,392.20M 47,423.60M 65,239.50M 76,001.20M 84,090.70M
Operating cash flow 14,375.90M 12,347.80M 22,864.50M 15,975.60M 21,550.20M
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 2,008.99M 2,206.63M 2,159.09M 2,241.48M 2,587.48M
Gross Profit 572.73M 647.27M 689.22M 751.32M 808.61M
Operating income 279.45M 303.27M 387.55M 383.53M 423.10M
Income before tax 303.51M 339.67M 399.23M 437.49M 475.98M
Net income 201.67M 228.17M 266.55M 285.36M 305.42M
EBITDA 319.96M 346.68M 429.65M 433.46M 479.02M
Diluted EPS 0.21 0.23 0.27 0.30 0.31
Dividends Per Share 0.08 0.09 0.11 0.12 0.13
Total Assets 1,352.92M 1,434.76M 1,594.75M 1,912.88M 2,113.26M
Total liabilities 635.40M 634.83M 551.65M 684.65M 773.72M
Total equity 676.33M 757.79M 985.15M 1,170.41M 1,289.30M
Operating cash flow 237.87M 201.94M 349.23M 238.23M 334.28M

Valuation Measures

Mar 2018
PER54.53
ROA15.02%
ROE24.59%
Operating margin16.35%
Profit margin11.80%

Key executives

  • Chief Executive Officer, MD & Executive Director: K. B. S. Anand
  • Chief Operating Officer: Amit Syngle
  • Chief Financial Officer & Secretary: Jayesh Merchant
  • President-International Business Unit & IT: Manish Mahendra Choksi
  • Manager-Customer Centricity: Varun Amar Vakil

Shareholders

  • Geetanjali Trading & Investments Pvt Ltd. (16.2%)
  • Life Insurance Corp. of India (7.6%)
  • Teesta Retail Pvt 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%)

Contact Details

Related Companies

  • SCIB Paints
  • ESS ESS Bathroom Products Pvt Ltd. /Front End Sales Bus/
  • Sleek International Pvt Ltd.
  • Asian Paints (International) Ltd.
  • Asian Paints Industrial Coatings Ltd.
  • Howcoplast Chemicals
  • Scib Chemical SAE
  • Asian Paints Queensland Pty Ltd.
  • Asian Paints South Pacific Ltd.

Competitors

  • Sherwin-Williams Company
  • Masco Corporation
  • Duluxgroup Limited
  • KCC Corporation
  • BASF SE
  • 3M Company
  • Akzo Nobel N.V.
  • PPG Industries, Inc.
  • RPM International Inc.
  • Kansai Paint Co., Ltd.
  • NIPPON PAINT HOLDINGS CO.LTD.
  • Sika AG
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA Pref
  • Axalta Coating Systems Ltd.
Last Updated on 21 Jun, 2018

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