Valuation Asian Paints Limited

Stocks

Market Closed - NSE India S.E. Other stock markets 04:35:07 10/07/2026 pm IST			5-day change	1st Jan Change
2,677.80 ^INR	+0.15%		-2.19%	-3.31%

11/07	Asian Paints Limited Appoints Sudhir Sitapati as Independent Director	CI
08/07	Indian shares slide as US strikes on Iran lift oil, sap risk appetite	RE

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Market Cap ¹	29,54,281	26,48,969	27,30,596	22,45,146	20,76,855	25,68,540	-	-
Change	-	-10.33%	3.08%	-17.78%	-7.5%	23.67%	-	-
Enterprise Value (EV) ¹	29,24,365	26,16,959	27,12,466	22,27,780	20,42,549	25,41,187	25,20,607	25,18,285
Change	-	-10.51%	3.65%	-17.87%	-8.31%	24.41%	-0.81%	-0.09%
P/E	97.5x	64.5x	50x	61.2x	48x	52x	45.5x	40.5x
PBR	21.4x	16.6x	14.6x	11.6x	9.72x	10.9x	9.9x	9.03x
PEG	-	1.8x	1.5x	-1.9x	2.7x	3.7x	3.2x	3.3x
Capitalization / Revenue	10.2x	7.71x	7.69x	6.62x	5.84x	6.32x	5.85x	5.4x
EV / Revenue	10x	7.61x	7.64x	6.57x	5.74x	6.25x	5.74x	5.29x
EV / EBITDA	60.9x	41.7x	35.8x	36.2x	30.5x	34.6x	30.4x	27.5x
EV / EBIT	73.3x	48.4x	40.3x	43.5x	37.4x	42.7x	37.3x	33.7x
EV / FCF	652x	89.6x	69.5x	85.1x	36.3x	62.7x	51.2x	42.7x
FCF Yield	0.15%	1.12%	1.44%	1.18%	2.75%	1.6%	1.95%	2.34%
Dividend per Share ²	19.15	21.25	33.3	24.8	27.5	30.16	34.52	37.89
Rate of return	0.62%	0.77%	1.17%	1.06%	1.27%	1.13%	1.29%	1.42%
EPS ²	31.59	42.82	56.94	38.25	45.11	51.49	58.9	66.09
Distribution rate	60.6%	49.6%	58.5%	64.8%	61%	58.6%	58.6%	57.3%
Net sales ¹	2,91,013	3,43,678	3,54,947	3,39,056	3,55,835	4,06,378	4,39,121	4,75,690
EBITDA ¹	48,036	62,698	75,850	61,469	66,959	73,424	83,010	91,636
EBIT ¹	39,872	54,018	67,320	51,206	54,671	59,465	67,543	74,797
Net income ¹	30,306	41,064	54,602	36,672	43,254	49,504	56,640	63,336
Net Debt ¹	-29,916	-32,010	-18,130	-17,366	-34,306	-27,353	-47,933	-50,255
Reference price ²	3,079.95	2,761.65	2,846.75	2,340.65	2,165.20	2,677.80	2,677.80	2,677.80
Nbr of stocks (in thousands)	9,59,198	9,59,198	9,59,198	9,59,198	9,59,198	9,59,198	-	-
Announcement Date	10/05/22	11/05/23	09/05/24	08/05/25	29/05/26	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ASIAN PAINTS LIMITED	52x	6.25x	34.61x	1.13%	2.69TCr
THE SHERWIN-WILLIAMS COMPANY	30.64x	3.73x	19.25x	0.96%	8.19TCr
PPG INDUSTRIES, INC.	15.85x	1.86x	10.78x	2.48%	2.6TCr
NIPPON PAINT HOLDINGS CO., LTD.	12.94x	1.67x	9.52x	1.58%	1.55TCr
RPM INTERNATIONAL INC.	19.88x	2.02x	12.78x	2.02%	1.34TCr
AKZO NOBEL N.V.	17.75x	1.27x	8.93x	3.53%	1.13TCr
AXALTA COATING SYSTEMS LTD.	13.7x	1.74x	7.97x	-.--%	695.78Cr
BERGER PAINTS INDIA LIMITED	51.3x	4.8x	31.43x	0.81%	607.68Cr
SKSHU PAINT CO.,LTD.	20.53x	1.51x	11.23x	1.56%	300.86Cr
KANSAI PAINT CO., LTD.	17.96x	0.9x	7.13x	4.11%	290.98Cr
Average	25.26x	2.58x	15.36x	1.82%	1.94TCr
Weighted average by Cap.	28.41x	3.29x	18.09x	1.48%