Asian paint is India’s largest house decoration company. It was established more than 80 years ago and includes prominent brands like Berger, Apco, Asiatic paints, and others. Apart from lighting fixtures or reset finishes and UPVC windows, this company manufactures wall paints, wall coverings, waterproofing materials, texture paint supplies, wall stickers, and mechanized application tools. It also sells adhesives and modular components for kitchens and bathrooms.
Asian Paints Share Price Target 2024-2030
When it comes to paint manufacturing companies that are involved in the production, sale, and distribution of a wide variety of paints, coatings, dome decor items, bath furnishings, and other items, Asian Paints Ltd. holds the highest market share in India. Since Berger International owned the business when it was founded in 1942, Santacruz E, Mumbai, Maharashtra, is where it is based.
What Is Asian Paints?
Established in 1942, Asian Paints is India’s primary paint employer and Asia’s third-largest paint company. The company has a strong presence in both domestic and international markets and offers a wide range of paints for commercial and decorative purposes.
Asian Paints Share Price Target Today Update 2024
- “India’s largest paint and home decor company,” Asian Paints, recently opened its first multi-category premium décor “Beautiful Homes” showroom in Nagpur, Maharashtra, on Manewada Road, SiddheshwarHall.
- On Wednesday, 2024, the ASIANPAINTS Stock (NSE) gained 0.60 percent to reach 3,286.55 INR. According to their filing on January 1, LIC (Life Insurance Corporation of India) acquired 48,652 ASIAN PAINTS (NSE) shares.
- Asian Paints, Eicher Motors, United Spirits, Mphasis, and Kotak Mahindra are among the top picks for the year 2024, according to Religare Broking, a “leading multi-asset class broking and retail distribution platform.”
Read More:-
Asian Paints Business Profile
Among the many brands that are part of the Asian Paints group are Sleek, Asian Paints, and Berger. Ten patent applications were approved in FY23, out of 25 submitted. The business introduced 22 brand-new products just in FY23. There are a total of 49 patents that the company owns as of the end of FY23.
- Decorative Business: The largest painting service of its kind in the world is provided by Asian Paints, India’s leading paint and decor company, and it is available in more than 600 towns. Exterior and interior wall finishes, waterproofing, wood finishes, enamels, adhesives, tools, and undercoats are all included.
- Home Decor Business: The company aims to provide customers with a complete and all-encompassing home décor solution in this market segment. Modular kitchens, sanitary ware, lighting, uPVC windows, wall coverings or paint, furniture, and soft furnishings are all examples of these.
- Industrial Business: For the automotive and industrial coatings industries in India, the company offers high-quality, custom-formulated products in this market segment. Automotive, marine, packaging, floor coatings, industrial protective coatings, powder coatings, and road markings are all included in this category.
- Sales & Distribution: The company intends to have well over 150,000 retail locations in India alone. Additionally, there are 42 stores that offer home decor items with a certain beauty. Its services benefit more than sixty nations. In addition, this company has relationships with more than 240,000 suppliers and employs over 240,000 people who play important roles in various businesses.
- Manufacturing Facilities: The company has 11 manufacturing facilities in India and 17 outside of India [1st in the world for coatings]. This plant in Ankleshwar achieved the GBS Generative stage. In addition, the business has outsourced 27 additional processing centers.
Asian Paints Fundamentals & Quarterly Results
| Market Cap | ₹ 2,96,445 Cr. |
| Current Price | ₹ 3,091 |
| High / Low | ₹ 3,423 / 2,670 |
| Stock P/E | 58.4 |
| Book Value | ₹ 195 |
| Dividend Yield | 1.08 % |
| ROCE | 37.5 % |
| ROE | 31.4 % |
| Face Value | ₹ 1.00 |
| FCF Prev Ann | ₹ 2,774 Cr. |
| Debt to Equity | 0.13 |
| Debt Preceding Year | ₹ 1,933 Cr. |
| Reserves | ₹ 18,632 Cr. |
| Quick Ratio | 0.99 |
| Current Ratio | 1.69 |
| Free Cash Flow | ₹ 3,613 Cr. |
Asian Paints Quarterly Results
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Sales (₹ Cr.) | 8,607 | 8,458 | 8,637 | 8,787 | 9,182 | 8,479 | 9,103 | 8,731 | 8,970 |
| Expenses (₹ Cr.) | 7,051 | 7,230 | 7,025 | 6,923 | 7,061 | 6,762 | 7,047 | 7,039 | 7,276 |
| Operating Profit (₹ Cr.) | 1,556 | 1,228 | 1,611 | 1,865 | 2,121 | 1,716 | 2,056 | 1,691 | 1,694 |
| OPM % | 18% | 15% | 19% | 21% | 23% | 20% | 23% | 19% | 19% |
| Other Income (₹ Cr.) | 88 | 118 | 122 | 104 | 228 | 194 | 186 | 212 | 193 |
| Interest (₹ Cr.) | 29 | 35 | 41 | 39 | 46 | 51 | 54 | 54 | 55 |
| Depreciation (₹ Cr.) | 208 | 216 | 214 | 220 | 198 | 209 | 220 | 226 | 228 |
| Profit before tax (₹ Cr.) | 1,407 | 1,094 | 1,478 | 1,710 | 2,105 | 1,651 | 1,968 | 1,624 | 1,604 |
| Tax % | 26% | 27% | 26% | 26% | 25% | 25% | 25% | 21% | 26% |
| Net Profit (₹ Cr.) | 1,036 | 804 | 1,097 | 1,258 | 1,575 | 1,232 | 1,475 | 1,275 | 1,187 |
| EPS (₹) | 10.60 | 8.16 | 11.18 | 12.87 | 16.16 | 12.57 | 15.09 | 13.10 | 12.20 |
CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM / 1 Year |
| Compounded Sales Growth | 11% | 13% | 18% | 1% |
| Compounded Profit Growth | 16% | 21% | 20% | 9% |
| Stock Price CAGR | 18% | 14% | 0% | -3% |
| Return on Equity (ROE) | 28% | 28% | 28% | 31% |
Asian Paints Shareholding Pattern
| Metric/Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| Promoters | 52.79% | 52.79% | 52.79% | 52.79% | 52.63% | 52.63% | 52.63% | 52.63% |
| FIIs | 15.08% | 16.33% | 17.21% | 20.38% | 19.45% | 17.02% | 15.89% | 15.27% |
| DIIs | 11.76% | 9.51% | 9.81% | 7.27% | 7.57% | 9.96% | 11.61% | 12.30% |
| Government | 0.09% | 0.05% | 0.14% | 0.08% | 0.04% | 0.05% | 0.06% | 0.06% |
| Public | 20.27% | 21.32% | 20.04% | 19.48% | 20.29% | 20.32% | 19.78% | 19.68% |
| Others | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.04% | 0.04% | 0.06% |
| No.of Shareholders | 1,85,307 | 2,11,792 | 3,00,307 | 4,99,185 | 9,46,876 | 10,82,650 | 11,05,326 | 11,11,601 |
Read More:-
Harley Davidson Nightster 440 Bike
Asian Paints Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| January | ₹6854 |
| February | ₹6991 |
| March | ₹7131 |
| April | ₹6894 |
| May | ₹6664 |
| June | ₹6442 |
| July | ₹6700 |
| August | ₹6968 |
| September | ₹7247 |
| October | ₹7392 |
| November | ₹7540 |
| December | ₹7691 |
Read More:-
Royal Enfield Shotgun 350 Bike
ASIAN PAINTS Share Price Target 2030
| Month | Target |
| January | ₹7845 |
| February | ₹8002 |
| March | ₹8162 |
| April | ₹7890 |
| May | ₹7627 |
| June | ₹7373 |
| July | ₹7668 |
| August | ₹7975 |
| September | ₹8294 |
| October | ₹8460 |
| November | ₹8629 |
| December | ₹8802 |
The Future Growth of Asian Paints
Asian Paints’ plans to expand its product line, expand its market share, and improve the overall performance of its supply chain all point to exceptional growth potential in the future. Asian Paints is a significant player in the paints and coatings industry with solid financial health and promising prospects for the future. Our expert assessment indicates that Asian Paints stocks will likely perform well in the coming years. Long-term buyers may benefit from making an investment in Asian Paints.
Final Words
Stock investing necessitates well-informed decisions based on extensive research and expert evaluation. You have come to the right place if Asian Paints stocks are on your mind. From 2024 to 2030, special insights into the Asian Paints proportion charge reason will be provided in this blog. Our evaluation is based on the company’s growth, performance, and potential for the future, giving you the information you need to make an informed investment decision.
Stay Updated with the Latest News and Trends
Discover the latest in tech, exams, Sarkari results, and more with our platform. We bring you fresh updates and expert insights to keep you informed and ahead. Join us today and stay on top of the most important developments!