Asian Paints financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹9,977cr+16.9% on Q2 FY26
Net profit
₹1,085cr+6.6% on Q2 FY26
EBITDA margin
15.6%−2.0 pts on Q2 FY26
EPS
₹11.14+7.4% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue9,9778,531+16.9%
EBITDA1,5571,503+3.6%
EBITDA margin15.6%17.6%−2.0 pts
Profit before tax1,4361,353+6.1%
Net profit1,0851,018+6.6%
EPS₹11.14₹10.37+7.4%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹9,977 crNet profit₹1,085 crNet margin10.9%

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.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
2,19,139————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
5,7726,9593,6904,0333,220
674643659695454
2,2932,2938641,107972
2,16,335————
38,63235,58433,90635,49534,489
—+4.9%−4.5%+2.9%—
7,2936,6966,0067,5856,260
18.9%18.8%17.7%21.4%18.2%
6,0525,4674,9806,7325,402
4,9044,3953,7105,5584,195
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%—
—7,0884,4246,1044,193
—−1,487−1,830−2,496−1,446
5,6015,6012,5943,6082,748
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

ASIANPAINT₹2,284.60

Asian Paints Ltd.

· Consumer Goods
₹ CrorePeersBERGEPAINTKANSAINERINDIGOPNTSTITANDIXONHAVELLSBLUESTARCOKALYANKJILMcap ₹2.19L Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
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 Investments3,220.14,032.83,690.26,958.75,771.6
+ Minority Interest453.7695.4659.2643.4674.3
+ Total Debt972.21,107.1863.82,293.32,293.3
Enterprise Value————2,16,334.8
Revenue34,488.635,494.733,905.635,583.538,632.2
Growth %, YoY—+2.9-4.5+4.9—
EBITDA6,259.87,585.06,006.26,695.97,293.4
Margin %18.1521.3717.7118.8218.88
EBIT5,401.86,732.04,979.95,467.16,052.5
Net Income4,195.35,557.73,709.74,394.74,904.2
Margin %12.1615.6610.9412.3512.69
EPS, Adj (current shares)42.8156.9238.2345.0950.45
Growth %, YoY—+33.0-32.8+17.9—
Cash from Operations4,193.46,103.64,424.07,088.2—
Capital Expenditures-1,445.6-2,496.1-1,830.1-1,487.3—
Free Cash Flow2,747.83,607.52,593.95,600.95,600.9
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 197%.

Asian Paints financials and key ratios

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 Q2 FY27 results
filed 29 October 2026
Share price used
₹2,302.00 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026
Share price and live chart
₹2,302.00 · 29 Oct close

Asian Paints at a glance · consolidated

Market cap
₹2,20,808 Crat ₹2,302.00 · 29 Oct close
PE ratio (last 4 quarters)
45.651.0 on FY26 profit
Price to book (PB)
10.16book value ₹226.59 a share
ROE (FY26)
21.2%+2.0 pts vs FY25ROCE 23.0%
Debt to equity
0.13net cash ₹3,225 Cr
Promoter holding
52.65%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.19%₹27.50 a share in 12 months
Net worth
₹21,735 Cr+11.0% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹5,601 Cr+115.9% vs FY25

Questions

What is the Asian Paints PE ratio today?

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.

What is the Asian Paints PB ratio (price to book value)?

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.

What is the Asian Paints net worth?

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.

What is the Asian Paints market cap?

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.

Is Asian Paints debt free?

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.

What is the Asian Paints EPS?

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.

What is the Asian Paints debt to equity ratio?

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.

What is the Asian Paints book value per share?

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.

What is the Asian Paints dividend in 2026 and its record date?

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.

What is the Asian Paints ROE and ROCE?

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%.

What is the Asian Paints shareholding pattern?

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%.

What are the Asian Paints latest quarterly results?

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.

What is the Asian Paints dividend yield?

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).

What is the Asian Paints promoter holding?

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.

What is the Asian Paints free cash flow?

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.

What is the Asian Paints revenue and profit in FY26?

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%.

When are the Asian Paints next results?

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.

Asian Paints vs Berger Paints India: how do they compare?

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%).

How does Asian Paints compare with its peers?

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).

Where do these Asian Paints figures come from?

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.