Asian Paints Ltd.
ASIANPAINTConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
20 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 20 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210721 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211025 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220124 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220512 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220729 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221025 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230123 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230517 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230731 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231030 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240122 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240513 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240722 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241114 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250207 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250512 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250802 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251118 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260603 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260803 | 2026-06-30 | yes |
ASIANPAINT
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 2,392.70 |
| 52-week range | 2121.3 – 2968.5 |
| Return 1M | -9.36% |
| Return 3M | -9.55% |
| Return 1Y | -2.62% |
| Return 3Y | -28.0% |
| Return 5Y | -30.62% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 10,542.00 |
| Other income | 241.00 |
| Total income | 10,783.00 |
| Cost of materials consumed | 5,449.00 |
| Purchases of stock-in-trade | 1,095.00 |
| Changes in inventories | -598.00 |
| Employee benefit expense | 790.00 |
| Finance costs | 48.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.53 | 0.00 |
| institutions foreign | 0.13 | 0.01 |
| institutions domestic | 0.21 | -0.01 |
| mutual funds | 0.10 | -0.01 |
| public | 0.47 | -0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 20 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8,458.00 | 8,637.00 | 8,787.00 | 9,182.00 | 8,479.00 | 9,103.00 | 8,731.00 | 8,970.00 | 8,028.00 | 8,549.00 | 8,359.00 | 8,939.00 | 8,531.00 | 8,867.00 | 9,247.00 | 10,542.00 |
| Other income | 95.00 | 87.00 | 105.00 | 197.00 | 165.00 | 139.00 | 187.00 | 156.00 | 174.00 | 143.00 | 100.00 | 193.00 | 199.00 | 161.00 | 171.00 | 241.00 |
| Total income | 8,553.00 | 8,723.00 | 8,893.00 | 9,379.00 | 8,644.00 | 9,242.00 | 8,918.00 | 9,126.00 | 8,201.00 | 8,692.00 | 8,459.00 | 9,131.00 | 8,730.00 | 9,028.00 | 9,418.00 | 10,783.00 |
| Cost of materials consumed | 4,925.00 | 3,816.00 | 3,979.00 | 4,071.00 | 3,918.00 | 3,837.00 | 4,042.00 | 4,079.00 | 4,081.00 | 3,741.00 | 3,892.00 | 4,004.00 | 3,760.00 | 3,636.00 | 3,985.00 | 5,449.00 |
| Purchases of stock-in-trade | 1,156.00 | 1,032.00 | 885.00 | 857.00 | 1,036.00 | 1,017.00 | 948.00 | 954.00 | 1,007.00 | 1,008.00 | 957.00 | 918.00 | 984.00 | 1,051.00 | 1,061.00 | 1,095.00 |
| Changes in inventories | -645.00 | 458.00 | 189.00 | 313.00 | -153.00 | 279.00 | -75.00 | 121.00 | -335.00 | 172.00 | -163.00 | 201.00 | 102.00 | 242.00 | 58.00 | -598.00 |
| Employee benefit expense | 513.00 | 504.00 | 522.00 | 546.00 | 596.00 | 570.00 | 614.00 | 674.00 | 676.00 | 615.00 | 631.00 | 703.00 | 686.00 | 689.00 | 721.00 | 790.00 |
| Finance costs | 35.00 | 41.00 | 39.00 | 46.00 | 51.00 | 54.00 | 54.00 | 55.00 | 63.00 | 56.00 | 53.00 | 44.00 | 44.00 | 48.00 | 59.00 | 48.00 |
| Depreciation and amortisation | 216.00 | 214.00 | 220.00 | 198.00 | 209.00 | 220.00 | 226.00 | 228.00 | 242.00 | 256.00 | 301.00 | 301.00 | 305.00 | 313.00 | 310.00 | 304.00 |
| Other expenses | 1,282.00 | 1,216.00 | 1,347.00 | 1,275.00 | 1,365.00 | 1,343.00 | 1,510.00 | 1,447.00 | 1,357.00 | 1,377.00 | 1,605.00 | 1,488.00 | 1,495.00 | 1,468.00 | 1,636.00 | 1,636.00 |
| Total expenses | 7,481.00 | 7,281.00 | 7,182.00 | 7,305.00 | 7,022.00 | 7,322.00 | 7,319.00 | 7,559.00 | 7,093.00 | 7,224.00 | 7,277.00 | 7,659.00 | 7,377.00 | 7,447.00 | 7,829.00 | 8,725.00 |
| Profit before exceptional items and tax | 1,072.00 | 1,443.00 | 1,711.00 | 2,074.00 | 1,622.00 | 1,920.00 | 1,599.00 | 1,567.00 | 1,108.00 | 1,468.00 | 1,182.00 | 1,472.00 | 1,353.00 | 1,581.00 | 1,589.00 | 2,058.00 |
| Exceptional items | 0.00 | 0.00 | -25.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -180.00 | 0.00 | -183.00 | 0.00 | 0.00 | -158.00 | 0.00 | 0.00 |
| Profit before tax | 1,072.00 | 1,443.00 | 1,686.00 | 2,074.00 | 1,622.00 | 1,920.00 | 1,599.00 | 1,567.00 | 928.00 | 1,468.00 | 999.00 | 1,472.00 | 1,353.00 | 1,423.00 | 1,589.00 | 2,058.00 |
| Current tax | 286.00 | 388.00 | 452.00 | 526.00 | 408.00 | 480.00 | 370.00 | 413.00 | 262.00 | 373.00 | 328.00 | 384.00 | 353.00 | 407.00 | 406.00 | 505.00 |
| Deferred tax | 5.00 | -7.00 | -1.00 | 4.00 | 10.00 | 12.00 | -21.00 | 4.00 | 3.00 | 17.00 | -6.00 | 8.00 | 21.00 | 8.00 | 22.00 | 31.00 |
| Tax expense | 290.00 | 381.00 | 451.00 | 530.00 | 419.00 | 493.00 | 349.00 | 417.00 | 265.00 | 390.00 | 321.00 | 392.00 | 373.00 | 415.00 | 429.00 | 536.00 |
| Profit for the period | 804.00 | 1,097.00 | 1,258.00 | 1,575.00 | 1,232.00 | 1,475.00 | 1,275.00 | 1,187.00 | 694.00 | 1,128.00 | 701.00 | 1,117.00 | 1,018.00 | 1,074.00 | 1,185.00 | 1,559.00 |
| Profit attributable to owners | 783.00 | 1,073.00 | 1,234.00 | 1,550.00 | 1,205.00 | 1,448.00 | 1,257.00 | 1,170.00 | 695.00 | 1,110.00 | 692.00 | 1,100.00 | 994.00 | 1,060.00 | 1,172.00 | 1,539.00 |
| Profit attributable to non-controlling interests | 21.00 | 24.00 | 24.00 | 24.00 | 27.00 | 27.00 | 19.00 | 17.00 | -1.00 | 18.00 | 9.00 | 17.00 | 25.00 | 14.00 | 13.00 | 20.00 |
| Other comprehensive income | 78.00 | -30.00 | 18.00 | 61.00 | -1.00 | 17.00 | -45.00 | 79.00 | 71.00 | -6.00 | -29.00 | -53.00 | 60.00 | -15.00 | -20.00 | 3.00 |
| Total comprehensive income | 882.00 | 1,067.00 | 1,276.00 | 1,635.00 | 1,232.00 | 1,492.00 | 1,230.00 | 1,265.00 | 765.00 | 1,123.00 | 672.00 | 1,064.00 | 1,078.00 | 1,059.00 | 1,166.00 | 1,562.00 |
| Earnings per share, basic | 8.16 | 11.19 | 12.87 | 16.17 | 12.57 | 15.10 | 13.11 | 12.20 | 7.25 | 11.58 | 7.22 | 11.47 | 10.37 | 11.06 | 12.23 | 16.06 |
| Earnings per share, diluted | 8.16 | 11.19 | 12.87 | 16.17 | 12.57 | 15.10 | 13.10 | 12.20 | 7.24 | 11.58 | 7.22 | 11.47 | 10.36 | 11.05 | 12.22 | 16.05 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 19,350.00 | 20,211.00 | 21,713.00 | 29,101.00 | 34,489.00 | 35,495.00 | 33,906.00 | 35,584.00 |
| Other income | 227.00 | 304.00 | 303.00 | 380.00 | 386.00 | 688.00 | 573.00 | 724.00 |
| Total income | 19,577.00 | 20,516.00 | 22,016.00 | 29,481.00 | 34,875.00 | 36,183.00 | 34,478.00 | 36,307.00 |
| Cost of materials consumed | 10,357.00 | 10,092.00 | 10,317.00 | 16,255.00 | 17,331.00 | 15,868.00 | 15,794.00 | 15,384.00 |
| Purchases of stock-in-trade | 1,279.00 | 1,531.00 | 1,873.00 | 3,371.00 | 4,136.00 | 3,858.00 | 3,927.00 | 4,014.00 |
| Changes in inventories | -293.00 | -239.00 | -92.00 | -1,325.00 | -310.00 | 364.00 | -205.00 | 604.00 |
| Employee benefit expense | 1,270.00 | 1,366.00 | 1,541.00 | 1,787.00 | 2,028.00 | 2,326.00 | 2,597.00 | 2,800.00 |
| Finance costs | 51.00 | 102.00 | 92.00 | 95.00 | 144.00 | 205.00 | 227.00 | 195.00 |
| Depreciation and amortisation | 431.00 | 780.00 | 791.00 | 816.00 | 858.00 | 853.00 | 1,026.00 | 1,229.00 |
| Other expenses | 3,213.00 | 3,300.00 | 3,219.00 | 4,210.00 | 5,044.00 | 5,493.00 | 5,786.00 | 6,086.00 |
| Total expenses | 16,307.00 | 16,932.00 | 17,740.00 | 25,209.00 | 29,231.00 | 28,968.00 | 29,153.00 | 30,312.00 |
| Profit before exceptional items and tax | 3,270.00 | 3,583.00 | 4,276.00 | 4,272.00 | 5,644.00 | 7,215.00 | 5,325.00 | 5,995.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | -116.00 | -49.00 | 0.00 | -363.00 | -158.00 |
| Profit before tax | 3,270.00 | 3,583.00 | 4,276.00 | 4,156.00 | 5,595.00 | 7,215.00 | 4,962.00 | 5,838.00 |
| Current tax | 943.00 | 950.00 | 1,122.00 | 1,164.00 | 1,511.00 | 1,785.00 | 1,376.00 | 1,550.00 |
| Deferred tax | 156.00 | -95.00 | -24.00 | -6,144.00 | -17.00 | 5.00 | 18.00 | 59.00 |
| Tax expense | 1,099.00 | 855.00 | 1,098.00 | -4,980.00 | 1,494.00 | 1,790.00 | 1,393.00 | 1,609.00 |
| Profit for the period | 2,212.00 | 2,774.00 | 3,207.00 | 9,167.00 | 4,195.00 | 5,558.00 | 3,710.00 | 4,395.00 |
| Profit attributable to owners | 2,159.00 | 2,705.00 | 3,139.00 | 3,031.00 | 4,106.00 | 5,460.00 | 3,667.00 | 4,325.00 |
| Profit attributable to non-controlling interests | 52.00 | 69.00 | 67.00 | 54.00 | 89.00 | 97.00 | 42.00 | 69.00 |
| Other comprehensive income | -14.00 | 58.00 | -6.00 | -226.00 | 13.00 | 32.00 | 115.00 | -27.00 |
| Total comprehensive income | 2,198.00 | 2,832.00 | 3,201.00 | 8,942.00 | 4,208.00 | 5,590.00 | 3,824.00 | 4,367.00 |
| Earnings per share, basic | 22.51 | 28.20 | 32.73 | 31.59 | 42.83 | 56.95 | 38.25 | 45.12 |
| Earnings per share, diluted | 22.51 | 28.20 | 32.73 | 31.59 | 42.82 | 56.94 | 38.25 | 45.11 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 24,242.00 | 25,798.00 | 27,422.00 | 29,924.00 | 29,474.00 | 30,371.00 | 31,349.00 | 34,534.00 |
| Non-current assets | 8,270.00 | 9,263.00 | 10,779.00 | 12,387.00 | 13,344.00 | 13,380.00 | 13,438.00 | 14,350.00 |
| Current assets | 15,964.00 | 16,535.00 | 16,643.00 | 17,537.00 | 16,130.00 | 16,992.00 | 17,911.00 | 20,185.00 |
| Property, plant and equipment | 5,164.00 | 5,355.00 | 5,503.00 | 6,302.00 | 7,199.00 | 8,631.00 | 8,646.00 | 9,165.00 |
| Capital work-in-progress | 335.00 | 1,020.00 | 1,999.00 | 2,698.00 | 2,272.00 | 1,254.00 | 1,766.00 | 1,849.00 |
| Goodwill | 245.00 | 228.00 | 398.00 | 419.00 | 281.00 | 220.00 | 217.00 | 219.00 |
| Other intangible assets | 186.00 | 187.00 | 403.00 | 425.00 | 400.00 | 369.00 | 356.00 | 256.00 |
| Inventories | 7,210.00 | 6,211.00 | 6,082.00 | 5,923.00 | 6,474.00 | 6,719.00 | 6,011.00 | 5,744.00 |
| Trade receivables | 4,075.00 | 4,637.00 | 4,447.00 | 4,889.00 | 4,701.00 | 4,314.00 | 4,424.00 | 4,462.00 |
| Cash and cash equivalents | 454.00 | 523.00 | 553.00 | 829.00 | 454.00 | 445.00 | 599.00 | 673.00 |
| Total equity and liabilities | 24,242.00 | 25,798.00 | 27,422.00 | 29,924.00 | 29,474.00 | 30,371.00 | 31,349.00 | 34,534.00 |
| Equity | 14,531.00 | 16,446.00 | 17,178.00 | 19,424.00 | 18,683.00 | 20,059.00 | 20,200.00 | 22,015.00 |
| Equity share capital | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 |
| Other equity | 14,007.00 | 15,896.00 | 16,466.00 | 18,632.00 | 17,928.00 | 19,304.00 | 19,483.00 | 21,276.00 |
| Total liabilities | 9,710.00 | 9,352.00 | 10,244.00 | 10,500.00 | 10,791.00 | 10,312.00 | 11,148.00 | 12,520.00 |
| Non-current liabilities | 1,292.00 | 1,456.00 | 1,872.00 | 1,999.00 | 1,973.00 | 2,171.00 | 2,949.00 | 3,382.00 |
| Current liabilities | 8,418.00 | 7,896.00 | 8,372.00 | 8,501.00 | 8,817.00 | 8,141.00 | 8,199.00 | 9,137.00 |
| Borrowings, non-current | 57.00 | 76.00 | 59.00 | 54.00 | 87.00 | 260.00 | 911.00 | 1,247.00 |
| Borrowings, current | 939.00 | 896.00 | 1,039.00 | 1,053.00 | 1,037.00 | 604.00 | 1,047.00 | 1,046.00 |
| Trade payables | 4,483.00 | 3,635.00 | 3,943.00 | 3,831.00 | 4,416.00 | 3,848.00 | 3,375.00 | 3,863.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 1,336.00 | 4,193.00 | 3,351.00 | 6,104.00 | 1,921.00 | 4,424.00 | 3,482.00 | 7,088.00 |
| Net cash from investing activities | -414.00 | -1,275.00 | -836.00 | -2,518.00 | -606.00 | -874.00 | -45.00 | -1,334.00 |
| Net cash from financing activities | -1,323.00 | -2,140.00 | -2,028.00 | -2,982.00 | -2,869.00 | -3,753.00 | -1,886.00 | -2,377.00 |
| Purchase of property, plant and equipment | 447.00 | 1,446.00 | 1,142.00 | 2,496.00 | 962.00 | 1,830.00 | 721.00 | 1,487.00 |
| Net increase in cash | -398.00 | 771.00 | 488.00 | 573.00 | -1,630.00 | -270.00 | 1,555.00 | 3,383.00 |
| con:CFO.BEFORE_TAX | 1,930.00 | 5,688.00 | 4,067.00 | 7,939.00 | 2,572.00 | 5,819.00 | 4,065.00 | 8,662.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 594.00 | 1,494.00 | 717.00 | 1,835.00 | 651.00 | 1,396.00 | 583.00 | 1,574.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 6.00 | 26.00 | 4.00 | 5.00 | 5.00 | 10.00 | 1.00 | 3.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 180.00 | 180.00 | 99.00 | 113.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 52.63 | 0.53 | 0.53 | 0.53 | 0.53 |
| Domestic institutions | 10.01 | 10.05 | 10.05 | 10.58 | 11.66 | 12.36 | 13.16 | 14.06 | 15.58 | 21.04 | 0.22 | 0.21 | 0.22 | 0.21 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 10.84 | 0.11 | 0.11 | 0.11 | 0.10 |
| Insurance companies | 5.31 | 5.62 | 5.77 | 6.29 | 7.10 | 7.81 | 7.83 | 8.27 | 9.50 | 9.79 | 0.10 | 0.10 | 0.09 | 0.10 |
| Foreign institutions | 17.01 | 17.47 | 17.65 | 17.32 | 15.89 | 15.27 | 15.28 | 13.61 | 12.22 | 11.85 | 0.12 | 0.13 | 0.12 | 0.13 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 47.34 | 47.34 | 47.34 | 47.34 | 47.34 | 47.32 | 47.32 | 47.32 | 47.33 | 47.31 | 0.47 | 0.47 | 0.47 | 0.47 |
| Non-institutional | 20.32 | 19.81 | 19.63 | 19.44 | 19.79 | 19.69 | 18.88 | 19.66 | 19.52 | 14.41 | 0.14 | 0.13 | 0.13 | 0.13 |
| Shares outstanding | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 | 959197790 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Asian Paints (Polymers) Private Limited | Subsidiary | Any other transaction | 3,039,300,000.00 | 3 |
| Hitech Corporation Limited | Entities Controlled/Significantly | Purchase of goods or services | 2,227,400,000.00 | 1 |
| Asian Paints International Private Limited | Subsidiary | Any other transaction | 2,207,200,000.00 | 14 |
| Asian Paints PPG Private Limited | Associate | Any other transaction, Purchase of goods or services | 567,200,000.00 | 14 |
| PPG Asian Paints Private Limited | Associate | Any other transaction, Dividend received, Purchase o | 511,100,000.00 | 10 |
| Asian Paints Office Provident Fund | Other Entities where significant i | Any other transaction | 397,900,000.00 | 1 |
| Sleek International Private Limited | Subsidiary | Any other transaction, Purchase of goods or services | 395,300,000.00 | 7 |
| Asian Paints Factory Employees Provident Fund | Other Entities where significant i | Any other transaction | 236,900,000.00 | 1 |
| Asian Paints (Middle East) SPC, Oman | Subsidiary | Any other transaction, Dividend received, Sale of go | 215,800,000.00 | 15 |
| PT Asian Paints Indonesia | Subsidiary | Any other transaction, Sale of goods or services | 211,000,000.00 | 8 |
| OC IHC 5 B V - Netherlands | Related Party of Subsidiary | Any other transaction | 208,400,000.00 | 1 |
| Associated Soapstone Distributing Co Private Limited | Related Party of Subsidiary | Purchase of goods or services | 207,100,000.00 | 1 |
| Vinod Patel & Co. Limited | Related Party of Subsidiary | Any other transaction, Purchase of goods or services | 206,800,000.00 | 4 |
| Obgenix Software Private Limited | Subsidiary | Any other transaction, Purchase of goods or services | 160,100,000.00 | 4 |
| Asian Paints Doha Trading W.L.L. | Subsidiary | Any other transaction, Interest received, Loan, Sale | 150,800,000.00 | 6 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-03 | Q1FY27 | Mr. Amit Syngle | Read the call |
| 2026-06-03 | Q4FY26 | Mr. Amit Syngle | Read the call |
| 2025-11-18 | Q2FY26 | Mr. Amit Syngle | Read the call |
| 2025-08-02 | Q1FY26 | Mr. Amit Syngle | Read the call |
| 2025-05-12 | Q4FY25 | Mr. Amit Syngle | Read the call |
| 2025-02-07 | Q3FY25 | : AVP - Finance, Mr. Amit Syngle, Q3 FY2025 Earnings Conference, asianpaints | Read the call |
| 2024-11-14 | Q2FY25 | Mr. Amit Syngle, Ms. Sunila Martis | Read the call |
| 2024-07-22 | Q1FY25 | Mr. Amit Syngle, Ms. Sunila Martis | Read the call |
| 2024-05-13 | Q4FY24 | Mr. Amit Syngle, Ms. Sunila Martis | Read the call |
| 2024-01-22 | Q3FY24 | Mr. Amit Syngle | Read the call |
| 2023-10-30 | Q2FY24 | : AVP – Finance, Mr. Amit Syngle | Read the call |
| 2023-07-31 | Q1FY24 | : AVP – Finance, Mr. Amit Syngle, a word-to-word reproduction | Read the call |
| 2023-05-17 | Q4FY23 | Mr. Amit Syngle | Read the call |
| 2023-01-23 | Q3FY23 | Read the call | |
| 2022-10-25 | Q2FY23 | Read the call | |
| 2022-07-29 | Q1FY23 | Read the call | |
| 2022-05-12 | Q4FY22 | Read the call | |
| 2022-01-24 | Q3FY22 | Read the call | |
| 2021-10-25 | Q2FY22 | Read the call | |
| 2021-07-21 | Q1FY22 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Being industry leader, I'm sure you will be tracking the capacity addition announcement by non-paint players, number 2, number 3 paint players also. | We have committed huge capital expenditure for not only brownfield expansion, but even backward integration initiatives. | — | — | We have already commiƩed very, very strong Capex, some brownfield, some new projects and also to backward integraƟon projects which we have announced w… | — | So, this is the first plant we are putting up with a CapEx of more than Rs 3000 crores. | — |
| Capital allocation | As a leader we have also been growing the market to that extent, and we don't look at competition only from the point of view of acquisition of sales … | — | — | We have just bought the lighting company which is ‘White Teak’ okay we have got into furnishings with the company called ‘GM Syntex’ where we have don… | In terms of dividend pay-out, there has been a constant strong upward journey. | We have done the land acquisition and the statutory approvals on environment are WIP. | Earlier we had a kitchen and bath which we had purchased separately, as an acquisition which we did. | 17 | As we promise, we have been consistent with respect to our dividend payout. |
| Costs | — | The great part is obviously I think the raw material prices have had an impact on the profitability and we've been able to get good prices from our B2… | From a point of view of raw material prices you know, we see some softening. | First essentially is on the price, the input cost environment. | But as an organizaƟon, we focus on operaƟonal efficiencies very, very strongly and also look at formulaƟon and sourcing efficiencies, which is a large com… | Obviously, it is aided by some of the deflation which we have seen in the raw material prices. | It has a special ingredient called graphene, which is a very special raw material which adds to the strength of the overall coating in a very big way. | Not only that, the renewable energy is also a very big area along with bio-based raw materials coming in products. |
| Debt and cash | As far as overall working capital is concerned, we really worked through our retailers here and there is not a direct kind of intervention in terms of… | — | — | — | — | — | — | — |
| Demand | My first question is on the capacity and the demand in paints. | If your pricing is across the products, possibly the impact is not high; but if your pricing tomorrow is on only specific products, then it could be p… | 3 | P a g e - (ti ·- "'C s:: -- ti) ti) Q) s:: Weak Festive Demand, Overall Muted Consumer Sentiments Impacted Volumes; Downtrading Further Impacted V… | IMMEDIATE OUTLOOK - CHALLENGING Some of the conditions as a immediate outlook as we see overall as I said the demand conditions can be a little tough. | Q4 has not been very, very strong with respect to the Kitchen and Bath performance because of the sluggish market demand overall in terms of what we s… | And we feel that possibly there is some postponement of demand which is taking place, which would kind of come in June and July. | 3 | P a g e So, overall, I think it was a tough quarter in terms of the demand condition. | If you look at some parts of this overall growth, we saw improvement in the demand conditions in all three months, where we were able to register good… |
| Guidance | So if I see in Q2, You had sharply increased the capacity guidance and now in Q3 further 4 lakh have been added. | I think one thing is very clear is that we expect to sustain the volume momentum in terms of what we have built. | We want to kind of really concentrate at looking at some of the segments where we have a strong leverage in terms of going forward and we would like t… | Do we expect any sort of sourcing issue in terms of white cement for our putty business? | I think we are sƟll maintaining the same guidance. | So obviously, I think, our guidance for both PBDIT margins and overall gross margins would remain the same. | Overall PBDIT margins are in the zone of guidance of 18% to 20% at about 18.5% although they are a notch lower than Q4 of last year and sequentially a… | Today, worldwide, there are very limited players who are making VAM-VAE, and for us, it is a signature project and we expect to commission first phase… |
| Margin | Hi Sir, I just wanted to kind of build it on your comment on the sequential EBITDA margin expansion in fourth quarter, given that third quarter was al… | We are trading at a good gross margin overall. | So, that's on the global markets. ti) ti) Q) s:::: ti) :::::s £0 ~ 1,652 Revenue Sustained Growth & Profitability in Auto Segment ■ Q3 FY25 ■ 9M FY25 … | Overall if you look at from the point of view of gross margins I think this trajectory had gone down to Q2 to about 35% and then in Q3 we bought it to… | And that has also contributed to our margin 21 | P a g e increase, which is both quarter on quarter as well as what we see from a point of view of on … | But a strong part has been also the work on sourcing and formulation efficiencies, which we have been putting in, combined giving us this overall gros… | We saw about 14.6% PBT margin for the full year. | Overall, PBT margin is at about 7.3% lower by 100 bps. But combined, both the businesses have done very well in terms of their performance. |
| People | As I said that part utilization of the deflation has happened in the Q3, which is there. | — | So, that is something which serves as a trigger for us so that we can get the best utilization as the best maximum output in terms of those people. | — | So, what we have done is that over the last three years, the overall hiring of the company has been fairly aggressive. | Depending on how we really rapidly increase the utilization of the plant, I think with respect to margins, it will definitely aid at least about 1-1.5… | — | — |
| Pricing | So one question I had was over the next three four years with your capacity and so much capacity in the market, How do you see overall market share, o… | On the pricing part, see you are right that pricing sometimes really helps us in terms of some of the smaller towns because there is a bit of downtrad… | And your conservatism when you go to the next year, you are not really wanting to communicate that you will do a positive pricing growth, etc. Althoug… | Specifically when we look at the full year today as I said volume is at 31% growth on a base of 13% growth last year and value is at a very strong 36%… | While it has some component of price increases which were taken overall, but a strong performance coming in terms of the overall area of product mix. | So, I just wanted to ask you that given initial pricing is in place, and I'm sure a lot of people who joined that company have come from the same ecos… | Or looking at elasticity of your pricing of how you want to behave vis- a-vis any other competition. | When I spoke about pricing, despite very strong inflation, where we have already taken close to about 10.5- 11% price increase, and we are talking of … |
| Revenue growth | — | The other highlight is that, because of the fact that, there's a recovery in T3, T4, there has been definitely a surge on the growth of the economy ra… | (,) Kitchen & Bath Marginal Improvement in Topline vs. last year (figures in columns in f g:!J ■ Q3 FY25 ■ 9P,,4 FY2S Kitchen Revewe Bath Pevenue 'Cl)… | The basis were very very strong with a 48% volume growth last year on the same quarter and 44% value on which basically the volume growth has been a s… | 3 | P a g e So, when we look at the overall results, I think it's been a strong performance which has come in Q4 and also in the enƟre FY2023. As we l… | Overall, for the financial year, the value growth was closer to about 3% with a volume growth of 9%. | If we see the overall numbers, the volume growth in Q4 is about 1.8% and the value degrowth of about -5.2%. | When we look at the decorative business, we have achieved 12.4% volume growth and a very strong value growth of 10.2%. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2023-07-31 | Q1FY24 | Mr. Amit Syngle | And as I said, I think we should be happy in terms of getting about 25-30% growth in this segment, which should be a good indicator in terms of our overall growth. |
| 2024-07-22 | Q1FY25 | Mr. Amit Syngle | So, I think this is something which will definitely even kick off the B2B institutional business, which we expect to definitely grow much better as compared to what we have seen in Q1. We have seen inflation, which is there to about 1.8% in Q1. We have also taken a price increase of about 1%. |
| 2024-07-22 | Q1FY25 | Mr. Amit Syngle | We see further challenges which are going to happen, in terms of looking at further inflation, which we expect could be in the range of about 1.4-1.5%. |
| 2025-02-07 | Q3FY25 | Mr. Amit Syngle | We want to kind of really concentrate at looking at some of the segments where we have a strong leverage in terms of going forward and we would like to maintain our overall guidance of 18 to 20% as we go ahead. |
| 2025-05-12 | Q4FY25 | Mr. Amit Syngle | Overall PBDIT margins are in the zone of guidance of 18% to 20% at about 18.5% although they are a notch lower than Q4 of last year and sequentially a little bit lower than that of Q3. So, I think that's how the overall numbers stack out from a standalone business. |
| 2025-08-02 | Q1FY26 | Mr. Amit Syngle | So, are we looking to revisit our guidance of 18 to 20% or do you think that you have enough levers to clear? |
| 2025-11-18 | Q2FY26 | Mr. Amit Syngle | Given all this, it is okay to maintain the whole guidance of 18 to 20% PBDIT margin band. |
| 2026-08-03 | Q1FY27 | Mr. Amit Syngle | We seem to be quite happy of what we had predicted last quarter, that we should be in that band of about 8% to 10%. |
| 2026-08-03 | Q1FY27 | Mr. Amit Syngle | We are still garnering around the guidance of 18-20% of our PBDIT margins holds. |
| 2026-08-03 | Q1FY27 | Mr. Amit Syngle | What we can take in, is the point that 18-20% guidance is a good guidance to take. |