Shares of Asian Paints were among the top losers on the Nifty 50, declining by 1.04% to Rs 2,478.40 in Monday's session. Other top losers on the Nifty 50 included Apollo Hospital, Nestle, Bharat Elec, and Adani Enterpris.
Financials:
Quarterly Performance: On a consolidated basis, Asian Paints' revenue for the quarter-ending June 2025 stood at Rs 8,938.55 Crore, compared to Rs 8,358.91 Crore in March 2025. The net profit for the same period was Rs 1,080.73 Crore, up from Rs 677.78 Crore in the previous quarter. The EPS stood at Rs 11.47 in June 2025, compared to Rs 7.22 in March 2025.
Annual Performance: Asian Paints' annual revenue for March 2025 was Rs 33,905.62 Crore, compared to Rs 35,494.73 Crore in March 2024. The net profit for the year was Rs 3,569.00 Crore, down from Rs 5,424.69 Crore in the previous year. The company's EPS stood at Rs 38.25 for the year-ending March 2025, compared to Rs 56.95 for the year-ending March 2024.
Income Statement:
The following table shows the Consolidated annual income statement (in Crore):
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 33,905 Crore | Rs 35,494 Crore | Rs 34,488 Crore | Rs 29,101 Crore | Rs 21,712 Crore |
| Other Income | Rs 572 Crore | Rs 687 Crore | Rs 386 Crore | Rs 380 Crore | Rs 303 Crore |
| Total Income | Rs 34,478 Crore | Rs 36,182 Crore | Rs 34,875 Crore | Rs 29,481 Crore | Rs 22,015 Crore |
| Total Expenditure | Rs 29,288 Crore | Rs 28,762 Crore | Rs 29,135 Crore | Rs 25,229 Crore | Rs 17,648 Crore |
| EBIT | Rs 5,189 Crore | Rs 7,419 Crore | Rs 5,739 Crore | Rs 4,251 Crore | Rs 4,367 Crore |
| Interest | Rs 227 Crore | Rs 205 Crore | Rs 144 Crore | Rs 95 Crore | Rs 91 Crore |
| Tax | Rs 1,393 Crore | Rs 1,790 Crore | Rs 1,493 Crore | Rs 1,102 Crore | Rs 1,097 Crore |
| Net Profit | Rs 3,569 Crore | Rs 5,424 Crore | Rs 4,101 Crore | Rs 3,053 Crore | Rs 3,178 Crore |
The following table shows the Consolidated quarterly income statement (in Crore):
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 8,938 Crore | Rs 8,358 Crore | Rs 8,549 Crore | Rs 8,027 Crore | Rs 8,969 Crore |
| Other Income | Rs 192 Crore | Rs 99 Crore | Rs 143 Crore | Rs 173 Crore | Rs 156 Crore |
| Total Income | Rs 9,131 Crore | Rs 8,458 Crore | Rs 8,692 Crore | Rs 8,201 Crore | Rs 9,125 Crore |
| Total Expenditure | Rs 7,614 Crore | Rs 7,406 Crore | Rs 7,168 Crore | Rs 7,210 Crore | Rs 7,503 Crore |
| EBIT | Rs 1,516 Crore | Rs 1,051 Crore | Rs 1,524 Crore | Rs 990 Crore | Rs 1,622 Crore |
| Interest | Rs 44 Crore | Rs 52 Crore | Rs 55 Crore | Rs 63 Crore | Rs 55 Crore |
| Tax | Rs 391 Crore | Rs 321 Crore | Rs 389 Crore | Rs 265 Crore | Rs 416 Crore |
| Net Profit | Rs 1,080 Crore | Rs 677 Crore | Rs 1,078 Crore | Rs 662 Crore | Rs 1,150 Crore |
Balance Sheet:
The following table presents the consolidated balance sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 95 Crore | Rs 95 Crore | Rs 95 Crore | Rs 95 Crore | Rs 95 Crore |
| Reserves & Surplus | Rs 19,303 Crore | Rs 18,632 Crore | Rs 15,896 Crore | Rs 13,715 Crore | Rs 12,710 Crore |
| Current Liabilities | Rs 8,141 Crore | Rs 8,500 Crore | Rs 7,895 Crore | Rs 7,570 Crore | Rs 5,925 Crore |
| Other Liabilities | Rs 2,830 Crore | Rs 2,694 Crore | Rs 1,909 Crore | Rs 1,601 Crore | Rs 1,637 Crore |
| Total Liabilities | Rs 30,371 Crore | Rs 29,924 Crore | Rs 25,798 Crore | Rs 22,984 Crore | Rs 20,369 Crore |
| Fixed Assets | Rs 10,255 Crore | Rs 9,425 Crore | Rs 6,561 Crore | Rs 5,702 Crore | Rs 5,738 Crore |
| Current Assets | Rs 16,991 Crore | Rs 17,537 Crore | Rs 16,535 Crore | Rs 15,152 Crore | Rs 12,026 Crore |
| Other Assets | Rs 3,124 Crore | Rs 2,961 Crore | Rs 2,701 Crore | Rs 2,129 Crore | Rs 2,604 Crore |
| Total Assets | Rs 30,371 Crore | Rs 29,924 Crore | Rs 25,798 Crore | Rs 22,984 Crore | Rs 20,369 Crore |
| Contingent Liabilities | Rs 2,424 Crore | Rs 2,845 Crore | Rs 2,679 Crore | Rs 1,651 Crore | Rs 858 Crore |
Financial Ratios:
As of March 2025, the basic EPS stood at Rs 38.25, diluted EPS at Rs 38.25 and the book value per share was Rs 202.25. The dividend per share was Rs 24.80 with a face value of Rs 1. The gross profit margin was 19.40%, operating margin was 16.37%, and net profit margin stood at 10.52%.
The return on net worth/equity was 18.90%, ROCE was 24.97%, and return on assets was 12.07%. The current ratio was 2.09, and quick ratio was 1.26. The debt to equity ratio was 0.04, and interest coverage ratio was 28.98.
The asset turnover ratio was 1.12%, and inventory turnover ratio was 2.50. The 3 Yr CAGR Sales (%) was 7.94, and 3 Yr CAGR Net Profit (%) was 8.12.
The P/E ratio stood at 61.19, P/B ratio at 11.56, EV/EBITDA at 34.20 and P/S at 6.61.
Corporate Actions:
The company announced a final dividend of Rs 20.55 per share (2055%) on May 08, 2025, with an effective date of June 10, 2025. Earlier, an interim dividend of Rs 4.25 per share (425%) was announced on September 17, 2024, with an effective date of November 19, 2024.
The company has also announced bonus issues in the past, including a 1:2 bonus ratio on May 28, 2003. Additionally, the company executed a stock split on July 30, 2013, where the old face value of Rs 10 was split into a new face value of Rs 1.
The Company through its representatives participated in an investor meeting on August 25, 2025.
With the stock currently trading among the top losers on Nifty 50, investors are closely monitoring its performance amid broader market dynamics.
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