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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Asian Paints Limited is an India-based company, which is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing related services. The Company operates through the Paints and Home…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, reasonably priced.
Asian Paints is scored on the consumer / fmcg framework. It keeps a healthy 12.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.61× reported profit. Free cash flow is worth about 2.4% of its market value.
Over the last 3 years revenue compounded at 1%/yr and profit at 2%/yr. Book value has grown 10%/yr. Return on equity is an elite 22.3%. In the latest quarter profit grew 32% versus the prior quarter.
At 56× earnings, the stock sits at the 34th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~21%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 49.72 | 29.84 | worse |
| P/B | 11.22 | 5.14 | worse |
| EV/EBITDA | 30.27 | 14.67 | worse |
| ROE | 22.26 | 5.41 | better |
| ROCE | 26.01 | 11.5 | better |
| ROA | 13.54 | 10.57 | better |
| Quick Ratio | 1.58 | 1.44 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Berger Paints | 45.4 | 7.9 | 17.3% |
| Kansai Nerolac Paints | 26.5 | 2.3 | 8.9% |
| JSW Dulux | 35.3 | 5.3 | 15.1% |
1% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Operating margins have been stable around 17% — no major structural shift.
ROE at 20% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 6pp.
2% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.6× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 14% sequentially — momentum is building. Run-rate stepping up — recent quarters average 14% above earlier ones.
Profit jumped 32% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (12% → 14%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 52.6% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.