| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 9,977 | 8,531 | +16.9% |
| EBITDA | 1,557 | 1,503 | +3.6% |
| EBITDA margin | 15.6% | 17.6% | −2.0 pts |
| Profit before tax | 1,436 | 1,353 | +6.1% |
| Net profit | 1,085 | 1,018 | +6.6% |
| EPS | ₹11.14 | ₹10.37 | +7.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,19,139 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 5,772 | 6,959 | 3,690 | 4,033 | 3,220 | ||
| 674 | 643 | 659 | 695 | 454 | ||
| 2,293 | 2,293 | 864 | 1,107 | 972 | ||
| 2,16,335 | — | — | — | — | ||
| 38,632 | 35,584 | 33,906 | 35,495 | 34,489 | ||
| — | +4.9% | −4.5% | +2.9% | — | ||
| 7,293 | 6,696 | 6,006 | 7,585 | 6,260 | ||
| 18.9% | 18.8% | 17.7% | 21.4% | 18.2% | ||
| 6,052 | 5,467 | 4,980 | 6,732 | 5,402 | ||
| 4,904 | 4,395 | 3,710 | 5,558 | 4,195 | ||
| 12.7% | 12.4% | 10.9% | 15.7% | 12.2% | ||
| ₹50.45 | ₹45.09 | ₹38.23 | ₹56.92 | ₹42.81 | ||
| — | +17.9% | −32.8% | +33.0% | — | ||
| — | 7,088 | 4,424 | 6,104 | 4,193 | ||
| — | −1,487 | −1,830 | −2,496 | −1,446 | ||
| 5,601 | 5,601 | 2,594 | 3,608 | 2,748 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,19,138.8 | |
| - Cash, Equiv & ST Investments | 3,220.1 | 4,032.8 | 3,690.2 | 6,958.7 | 5,771.6 | |
| + Minority Interest | 453.7 | 695.4 | 659.2 | 643.4 | 674.3 | |
| + Total Debt | 972.2 | 1,107.1 | 863.8 | 2,293.3 | 2,293.3 | |
| Enterprise Value | — | — | — | — | 2,16,334.8 | |
| Revenue | 34,488.6 | 35,494.7 | 33,905.6 | 35,583.5 | 38,632.2 | |
| Growth %, YoY | — | +2.9 | -4.5 | +4.9 | — | |
| EBITDA | 6,259.8 | 7,585.0 | 6,006.2 | 6,695.9 | 7,293.4 | |
| Margin % | 18.15 | 21.37 | 17.71 | 18.82 | 18.88 | |
| EBIT | 5,401.8 | 6,732.0 | 4,979.9 | 5,467.1 | 6,052.5 | |
| Net Income | 4,195.3 | 5,557.7 | 3,709.7 | 4,394.7 | 4,904.2 | |
| Margin % | 12.16 | 15.66 | 10.94 | 12.35 | 12.69 | |
| EPS, Adj (current shares) | 42.81 | 56.92 | 38.23 | 45.09 | 50.45 | |
| Growth %, YoY | — | +33.0 | -32.8 | +17.9 | — | |
| Cash from Operations | 4,193.4 | 6,103.6 | 4,424.0 | 7,088.2 | — | |
| Capital Expenditures | -1,445.6 | -2,496.1 | -1,830.1 | -1,487.3 | — | |
| Free Cash Flow | 2,747.8 | 3,607.5 | 2,593.9 | 5,600.9 | 5,600.9 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Asian Paints (NSE: ASIANPAINT) had a market capitalisation of ₹2,20,808 crore at the 29 October 2026 close (₹2,302.00 a share), a PE ratio of 45.6 on the last four quarters' profit and a price-to-book ratio of 10.16. In FY26 its consolidated net profit attributable to shareholders was ₹4,325 crore on revenue of ₹35,584 crore; in Q2 FY27 (July–September 2026) it was ₹1,068 crore, up 7.5% year on year. Its debt-to-equity ratio was 0.13 on 30 September 2026. Promoters held 52.65% of the shares on 30 September 2026.
Asian Paints' PE ratio is 45.6 at the 29 October 2026 close (₹2,302.00 a share): a market capitalisation of ₹2,20,808 crore divided by consolidated net profit attributable to shareholders of ₹4,839 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹4,325 crore) it is 51.0.
Asian Paints' price-to-book (PB) ratio is 10.16 at the 29 October 2026 close: a market capitalisation of ₹2,20,808 crore divided by shareholders' equity (book value) of ₹21,735 crore on 30 September 2026. That is a book value of ₹226.59 per share against a share price of ₹2,302.00.
Asian Paints' net worth — shareholders' equity in its consolidated balance sheet — was ₹21,735 crore on 30 September 2026, up 11.0% from ₹19,579 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,20,808 crore at the 29 October 2026 close.
Asian Paints' market capitalisation was ₹2,20,808 crore (₹2.21 lakh crore) at the 29 October 2026 close: 95.92 crore shares at ₹2,302.00 each.
No. Asian Paints had borrowings of ₹2,900 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.13. Its cash and current investments were ₹6,125 crore, so it held net cash of ₹3,225 crore.
Asian Paints' basic earnings per share (EPS) were ₹45.12 in FY26, against ₹38.25 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹50.49.
Asian Paints' debt-to-equity ratio was 0.13 on 30 September 2026: borrowings of ₹2,900 crore against total equity of ₹22,409 crore. A year earlier, on 30 September 2025, it was 0.10.
Asian Paints' book value per share was ₹226.59 on 30 September 2026: shareholders' equity of ₹21,735 crore divided by the 95.92 crore shares in issue, up 11.0% from ₹204.11 a year earlier. The share price at the 29 October 2026 close was ₹2,302.00.
In 2026, Asian Paints has declared two dividends totalling ₹28.75 a share: ₹23 with record date 23 June 2026 and ₹5.75 (interim) with record date 4 November 2026.
In FY26, Asian Paints' return on equity (ROE) was 21.2% and its return on capital employed (ROCE) was 23.0%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 19.2% and ROCE 22.8%.
On 30 September 2026, Asian Paints' shares were held by promoters 52.65%, foreign portfolio investors (FII/FPI) 13.76%, domestic institutions (DII) 20.50% (including mutual funds at 9.93%) and retail and other non-institutional investors 13.02%. Over the year, FII holding was up 2.12 percentage points from 11.64% and DII holding was down 1.08 percentage points from 21.58%.
Asian Paints' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit attributable to shareholders ₹1,068 crore, up 7.5% from ₹994 crore in Q2 FY26; revenue from operations ₹9,977 crore, up 16.9% year on year.
Asian Paints' dividend yield is 1.19% at the 29 October 2026 close: dividends of ₹27.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹2,302.00. They were ₹23 on 23 June 2026 and ₹4.50 on 18 November 2025 (interim).
Promoters held 52.65% of Asian Paints on 30 September 2026, up 0.02 percentage points from 52.63% the previous quarter and up 0.02 percentage points from 52.63% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Asian Paints generated ₹7,088 crore of cash from operations and spent ₹1,487 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹5,601 crore. In FY25 it was ₹2,594 crore.
In FY26 (April 2025–March 2026), Asian Paints' consolidated net profit attributable to shareholders was ₹4,325 crore, up 17.9% from ₹3,667 crore in FY25, on revenue from operations of ₹35,584 crore (up 4.9%). Over three years, from FY23, net profit was up 5.3%.
Asian Paints has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Asian Paints earned net profit attributable to shareholders of ₹4,325 crore on revenue of ₹35,584 crore, against ₹1,127 crore on ₹11,880 crore for Berger Paints India. Asian Paints' operating margin was 15.4% (Berger Paints India 12.1%) and its return on equity 21.2% (Berger Paints India 17.2%).
On FY26 consolidated figures, against Berger Paints India, Kansai Nerolac Paints and Indigo Paints: Asian Paints' operating margin of 15.4% is the highest of the four (Berger Paints India 12.1%, Kansai Nerolac Paints 9.3%, Indigo Paints 13.9%; peer average 11.8%); its return on equity of 21.2% is the highest of the four (Berger Paints India 17.2%, Kansai Nerolac Paints 9.0%, Indigo Paints 13.5%; peer average 13.2%); its revenue growth over three years of 1.1% a year is the lowest of the four (Berger Paints India 4.0% a year, Kansai Nerolac Paints 2.2% a year, Indigo Paints 9.4% a year; peer average 5.2% a year).
From Asian Paints' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.