Asian Paints Ltd
About
Asian Paints is a paint and decor company that was established in 1942 by a group of 4 friends. Today, this company has a consolidated turnover of ₹354 billion. In addition to decorative and industrial paints, Asian Paints also provides waterproofing, adhesives, and related services. In the home decor industry, it offers bath fittings and sanitaryware, modular kitchens and wardrobes, decorative lighting, wall coverings, windows and doors, furniture, fabrics, and rugs. The company aids individuals trying to transform their homes through its colour catalogue, colour inspiration zone, and budget calculators. With the help of 8 corporate brands—Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints—Asian Paints functions in 15 countries in Asia, the Middle East, Africa, and the South Pacific.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 35952 1.9% | 35279 14.4% | 30838 39.3% | 22137 6.4% | 20805 5.0% | 19807 16.4% | 17019 -6.3% | 18156 11.4% | 16298 5.9% | 15387 12.8% | 13638 16.3% | 11725 13.7% | 10313 25.0% | 8249 14.4% | 7209 24.2% | 5803 - |
| Net Operating Income (INR Cr) | 35495 2.92% | 34489 18.51% | 29101 34.03% | 21713 7.43% | 20211 5.05% | 19240 14.36% | 16825 -2.69% | 17289 6.17% | 16284 8.07% | 15069 12.34% | 13414 17.04% | 11461 14.24% | 10032 24.94% | 8030 15.28% | 6965 21.79% | 5719 24.57% |
| Profit (INR Cr) | 5460 33.0% | 4106 35.5% | 3031 -3.5% | 3139 16.1% | 2705 25.5% | 2156 5.7% | 2039 5.1% | 1939 11.1% | 1745 25.1% | 1395 14.5% | 1219 9.4% | 1114 12.7% | 989 17.3% | 843 0.9% | 836 110.0% | 398 - |
| Assets (INR Cr) | 22396 19.8% | 18695 16.8% | 16009 10.1% | 14545 22.8% | 11841 4.7% | 11314 20.1% | 9420 8.3% | 8697 18.1% | 7366 32.6% | 5555 19.8% | 4637 18.8% | 3904 17.7% | 3318 26.6% | 2620 28.8% | 2034 28.1% | 1587 - |
| Net Worth (INR Cr) | 18728 17.1% | 15992 15.8% | 13812 7.9% | 12806 26.4% | 10130 7.0% | 9471 12.6% | 8410 10.6% | 7604 16.5% | 6526 37.6% | 4742 17.4% | 4039 19.4% | 3384 23.1% | 2749 25.7% | 2187 27.9% | 1710 42.1% | 1203 22.5% |
| Employee Cost (INR Cr) | 2326 14.7% | 2028 13.5% | 1787 16.0% | 1541 12.8% | 1366 10.5% | 1237 10.9% | 1115 7.9% | 1034 4.5% | 990 6.1% | 932 22.7% | 760 21.8% | 624 18.6% | 526 15.9% | 454 4.1% | 436 17.4% | 372 - |
| Interest Cost (INR Cr) | 205 | 144 | 95 | 92 | 102 | 110 | 41 | 37 | 49 | 42 | 48 | 42 | 43 | 26 | 37 | 32 |
| Cash & Bank Balance (INR Cr) | 1084 | 844 | 864 | 611 | 783 | 445 | 405 | 801 | 424 | 204 | 229 | 737 | 624 | 626 | 106 | 210 |
| Total Debt (INR Cr) | 2474 | 1933 | 1587 | 1093 | 1119 | 1320 | 533 | 560 | 323 | 418 | 249 | 251 | 341 | 233 | 229 | 309 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 15.2% | 11.6% | 9.8% | 14.2% | 13.0% | 10.9% | 12.0% | 10.7% | 10.7% | 9.1% | 8.9% | 9.5% | 9.6% | 10.2% | 11.6% | 6.9% |
| Profit As % Of Assets | 24.4% | 22.0% | 18.9% | 21.6% | 22.9% | 19.1% | 21.6% | 22.3% | 23.7% | 25.1% | 26.3% | 28.5% | 29.8% | 32.2% | 41.1% | 25.1% |
| Profit As % Of Networth | 29.2% | 25.7% | 21.9% | 24.5% | 26.7% | 22.8% | 24.2% | 25.5% | 26.7% | 29.4% | 30.2% | 32.9% | 36.0% | 38.6% | 48.9% | 33.1% |
| Interest Cost to EBITDA % | 2.7% | 2.3% | 2.0% | 1.9% | 2.5% | 2.9% | 1.3% | 1.3% | 1.8% | 1.9% | 2.4% | 2.4% | 2.9% | 2.0% | 3.0% | 4.8% |
| Debt to Equity Ratio | 0.13 | 0.12 | 0.11 | 0.09 | 0.11 | 0.14 | 0.06 | 0.07 | 0.05 | 0.09 | 0.06 | 0.07 | 0.12 | 0.11 | 0.13 | 0.26 |
| RONW | 32.0% | 28.2% | 23.2% | 28.0% | 28.3% | 24.7% | 26.2% | 28.5% | 31.4% | 32.5% | 33.3% | 36.1% | 39.4% | 43.0% | 57.3% | 36.2% |
| ROCE | 37.8% | 34.5% | 28.8% | 34.4% | 33.3% | 34.1% | 36.5% | 39.2% | 43.4% | 43.8% | 45.4% | 47.0% | 50.4% | 55.3% | 71.5% | 44.8% |