Asian Paints Share Price Target 2024-2030 Fundamentals & Quarterly Results

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Asian Paints Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – In India, Asian Paints Ltd has the highest market share when it comes to paint manufacturing companies that get involved with the production, sale and distribution of a wide variety of paints, coatings, dome decor items and bath furnishings among other items. The company was established in 1942 with its ownership resting on Berger International making it operate from Santacruz E, Mumbai in Maharashtra state.Asian Paints Share Price Target

Latest Update – Asian Paints announced that its consolidated net profit has decreased with approximately 24.6 per cent. This amounts to ₹1,170 crore compared to ₹1,383 crore registered in the same period last year for the quarter ending April and June in financial year 2024/2025 (Q1FY25).

Asian Paints Overview

The biggest company in house decoration within India is Asian paint. It was established over 80 years ago and incorporates top brands such as Asiatic paints, Berger, Apco among others. This corporation manufactures wall paints, wall coverings, waterproofing materials, texture paint supplies, wall stickers mechanized application tools and serve as dealers of adhesives and modular components for kitchens and toilets apart from lighting fixtures or reset finishes and UPVC windows.

Company NameAsian Paints Ltd
Listed atNSE & BSE
Head Office6A, Shantinagar, Santacruz East,, Mumbai Maharashtra 400055
Board Of Directors
  • Mr.R Seshasayee Chairman & Ind.Director
  • Mr.Milind Sarwate Independent Director
  • Dr.Gopichand Katragadda Independent Director
  • Mr.Soumitra Bhattacharya Independent Director
  • Ms.Ireena Vittal Independent Director
  • Mr.Amit Syngle Managing Director & CEO
  • Ms.Nehal Vakil Non Executive Director
  • Mr.Malav Dani Non Executive Director
  • Ms.Amrita Vakil Non Executive Director
  • Mr.Jigish Choksi Non Executive Director
  • Mr.Manish Choksi Vice Chairman & Non Exe.Dire
Official Websiteasianpaints.com

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Asian Paints Business Profile

Asian Paints, Sleek and Berger are some examples of many brands associated with the Asian Paints group. In FY23, 25 patent applications were submitted and 10 were approved. In FY23 alone, the company introduced 22 new products. As for the total number of patents owned by the corporation till FY23, there are 49.

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Decorative Business

Asian Paints is India’s leading paint and décor company, with the largest of its kind painting
service in the world, available in 600+ towns. This includes Interior wall finishes, Exterior wall finishes, Waterproofing, Wood finishes, Enamels, Adhesives, Tools, Undercoats

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Home Decor Business

In this segment, the firm endeavors to offer comprehensive all-inclusive home décor solution for the customers. These involve modular kitchens, sanitary ware, lightings, uPVC windows, wall coverings or paint jobs, furniture and soft furnishing items.

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Industrial Business

In this segment, the company provides high-quality custom formulated products for the automotive and industrial coatings business in India. This includes Automotive, Marine, and Packaging Coatings, Industrial Protective coatings, Powder coatings, Floor coatings and Road markings.

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Sales & Distribution

The business means having well over 150,000 in-store locations throughout India alone. There are also 42 stores that sell decorative items for homes which have a certain beauty about them. More than sixty nations benefit from its services. Besides, this company engages over 240,000 people who play vital roles in various businesses besides having relations with more than twenty thousand suppliers.

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Manufacturing Facilities

The total number of manufacturing facilities of the company in India is 11 while outside India it is 17.[1st in the world for coatings] The GBS Generative stage was attained at this plant located in Ankleshwar. Furthermore, there are 27 other processing centers that have been contracted out by the company.

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Asian Paints Fundamentals & Quarterly Results

Market Cap₹ 2,96,445 Cr.
Current Price₹ 3,091
High / Low₹ 3,423 / 2,670
Stock P/E58.4
Book Value₹ 195
Dividend Yield1.08 %
ROCE37.5 %
ROE31.4 %
Face Value₹ 1.00
FCF Prev Ann₹ 2,774 Cr.
Debt to Equity0.13
Debt Preceding Year₹ 1,933 Cr.
Reserves₹ 18,632 Cr.
Quick Ratio0.99
Current Ratio1.69
Free Cash Flow₹ 3,613 Cr.

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Asian Paints Quarterly Results

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales (₹ Cr.)8,6078,4588,6378,7879,1828,4799,1038,7318,970
Expenses (₹ Cr.)7,0517,2307,0256,9237,0616,7627,0477,0397,276
Operating Profit (₹ Cr.)1,5561,2281,6111,8652,1211,7162,0561,6911,694
OPM %18%15%19%21%23%20%23%19%19%
Other Income (₹ Cr.)88118122104228194186212193
Interest (₹ Cr.)293541394651545455
Depreciation (₹ Cr.)208216214220198209220226228
Profit before tax (₹ Cr.)1,4071,0941,4781,7102,1051,6511,9681,6241,604
Tax %26%27%26%26%25%25%25%21%26%
Net Profit (₹ Cr.)1,0368041,0971,2581,5751,2321,4751,2751,187
EPS (₹)10.608.1611.1812.8716.1612.5715.0913.1012.20

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CAGR Report

Metric10 Years5 Years3 YearsTTM / 1 Year
Compounded Sales Growth11%13%18%1%
Compounded Profit Growth16%21%20%9%
Stock Price CAGR18%14%0%-3%
Return on Equity (ROE)28%28%28%31%

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Asian Paints Shareholding Pattern

Metric/YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters52.79%52.79%52.79%52.79%52.63%52.63%52.63%52.63%
FIIs15.08%16.33%17.21%20.38%19.45%17.02%15.89%15.27%
DIIs11.76%9.51%9.81%7.27%7.57%9.96%11.61%12.30%
Government0.09%0.05%0.14%0.08%0.04%0.05%0.06%0.06%
Public20.27%21.32%20.04%19.48%20.29%20.32%19.78%19.68%
Others0.00%0.00%0.00%0.00%0.02%0.04%0.04%0.06%
No.of Shareholders1,85,3072,11,7923,00,3074,99,1859,46,87610,82,65011,05,32611,11,601

Asian Paints Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹3257.03₹3668.57₹3915.49
2025₹3994₹3754₹4480
2026₹4570₹4295₹5129
2027₹5232₹4919₹5873
2028₹5990₹5629₹6720
2029₹6854₹6442₹7691
2030₹7845₹7373₹8802

ASIAN PAINTS Share Price Target 2025

MonthTarget
January₹3994
February₹4074
March₹4155
April₹4017
May₹3883
June₹3754
July₹3904
August₹4060
September₹4222
October₹4306
November₹4392
December₹4480

ASIAN PAINTS Share Price Target 2026

MonthTarget
January₹4570
February₹4661
March₹4754
April₹4596
May₹4443
June₹4295
July₹4467
August₹4646
September₹4832
October₹4929
November₹5028
December₹5129

ASIAN PAINTS Share Price Target 2027

MonthTarget
January₹5232
February₹5337
March₹5444
April₹5263
May₹5088
June₹4919
July₹5116
August₹5321
September₹5534
October₹5645
November₹5758
December₹5873

ASIAN PAINTS Share Price Target 2028

MonthTarget
January₹5990
February₹6110
March₹6232
April₹6024
May₹5823
June₹5629
July₹5854
August₹6088
September₹6332
October₹6459
November₹6588
December₹6720

ASIAN PAINTS Share Price Target 2029

MonthTarget
January₹6854
February₹6991
March₹7131
April₹6894
May₹6664
June₹6442
July₹6700
August₹6968
September₹7247
October₹7392
November₹7540
December₹7691

ASIAN PAINTS Share Price Target 2030

MonthTarget
January₹7845
February₹8002
March₹8162
April₹7890
May₹7627
June₹7373
July₹7668
August₹7975
September₹8294
October₹8460
November₹8629
December₹8802

Official Website – asianpaints.com

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