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Asian Paints share price falls 2.01% in Friday's trading session

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ASIANPAINT

Shares of Asian Paints declined by 2.01% to Rs 2,515.10 in Friday's trading session. The stock is part of the Nifty 50 index.

Financial Performance:

Consolidated Quarterly Figures:The consolidated quarterly financial data reveals the following trends:

  • Revenue: Fluctuated over the last five quarters, with a high of Rs 8,969.73 Crore in June 2024 and a similar figure of Rs 8,938.55 Crore in June 2025.
  • Net Profit: Showed variability, peaking at Rs 1,150.07 Crore in June 2024 and registering Rs 1,080.73 Crore in June 2025.
  • EPS: Followed a similar trend, with the highest value at Rs 12.20 in June 2024 and a recent value of Rs 11.47 in June 2025.

Here is a table summarizing the consolidated quarterly financial performance:

HeadingJun 2024Sep 2024Dec 2024Mar 2025

Jun 2025RevenueRs 8,969.73 CroreRs 8,027.54 CroreRs 8,549.44 CroreRs 8,358.91 Crore

Rs 8,938.55 CroreNet ProfitRs 1,150.07 CroreRs 662.54 CroreRs 1,078.61 CroreRs 677.78 Crore

Rs 1,080.73 CroreEPS12.207.2511.587.22

11.47

Consolidated Yearly Figures:The consolidated yearly financial data indicates the following:

  • Revenue: Increased from Rs 21,712.79 Crore in 2021 to Rs 35,494.73 Crore in 2024, then decreased to Rs 33,905.62 Crore in 2025.
  • Net Profit: Rose from Rs 3,178.15 Crore in 2021 to Rs 5,424.69 Crore in 2024, before decreasing to Rs 3,569.00 Crore in 2025.
  • EPS: Showed a similar pattern, increasing from Rs 32.73 in 2021 to Rs 56.95 in 2024, and then decreasing to Rs 38.25 in 2025.
  • BVPS: Increased steadily from Rs 137.92 in 2021 to Rs 202.25 in 2025.
  • ROE: Peaked at 29.15 in 2024.
  • Debt to Equity: Remained relatively stable, with a value of 0.04 in 2025.

Below is a table presenting the consolidated yearly financial performance:

Heading2021202220232024

2025RevenueRs 21,712.79 CroreRs 29,101.28 CroreRs 34,488.59 CroreRs 35,494.73 Crore

Rs 33,905.62 CroreNet ProfitRs 3,178.15 CroreRs 3,053.24 CroreRs 4,101.48 CroreRs 5,424.69 Crore

Rs 3,569.00 CroreEPS32.7331.5942.8356.95

38.25BVPS137.92148.03171.45195.25

202.25ROE24.5121.9425.6729.15

18.90Debt to Equity0.030.060.060.06

0.04

Annual Income Statement:The annual income statement provides an overview of the company's financial performance over the years.

  • Sales: Sales increased from Rs 21,712 Crore in March 2021 to Rs 35,494 Crore in March 2024, before declining to Rs 33,905 Crore in March 2025.
  • Other Income: Other income increased from Rs 303 Crore in March 2021 to Rs 687 Crore in March 2024, before declining to Rs 572 Crore in March 2025.
  • Total Income: Total income increased from Rs 22,015 Crore in March 2021 to Rs 36,182 Crore in March 2024, before declining to Rs 34,478 Crore in March 2025.
  • Total Expenditure: Total expenditure increased from Rs 17,648 Crore in March 2021 to Rs 29,288 Crore in March 2025.
  • EBIT: EBIT increased from Rs 4,367 Crore in March 2021 to Rs 7,419 Crore in March 2024, before declining to Rs 5,189 Crore in March 2025.
  • Interest: Interest expenses increased from Rs 91 Crore in March 2021 to Rs 227 Crore in March 2025.
  • Tax: Tax expenses increased from Rs 1,097 Crore in March 2021 to Rs 1,790 Crore in March 2024, before declining to Rs 1,393 Crore in March 2025.
  • Net Profit: Net profit increased from Rs 3,178 Crore in March 2021 to Rs 5,424 Crore in March 2024, before declining to Rs 3,569 Crore in March 2025.

The following table summarizes the key figures from the annual income statement:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021SalesRs 33,905 CroreRs 35,494 CroreRs 34,488 CroreRs 29,101 Crore

Rs 21,712 CroreOther IncomeRs 572 CroreRs 687 CroreRs 386 CroreRs 380 Crore

Rs 303 CroreTotal IncomeRs 34,478 CroreRs 36,182 CroreRs 34,875 CroreRs 29,481 Crore

Rs 22,015 CroreTotal ExpenditureRs 29,288 CroreRs 28,762 CroreRs 29,135 CroreRs 25,229 Crore

Rs 17,648 CroreEBITRs 5,189 CroreRs 7,419 CroreRs 5,739 CroreRs 4,251 Crore

Rs 4,367 CroreInterestRs 227 CroreRs 205 CroreRs 144 CroreRs 95 Crore

Rs 91 CroreTaxRs 1,393 CroreRs 1,790 CroreRs 1,493 CroreRs 1,102 Crore

Rs 1,097 CroreNet ProfitRs 3,569 CroreRs 5,424 CroreRs 4,101 CroreRs 3,053 Crore

Rs 3,178 Crore

Quarterly Income Statement:The quarterly income statement showcases the trends in revenue, expenditure and profit on a quarterly basis.

  • Sales: Sales fluctuated over the quarters, with a high of Rs 8,969 Crore in June 2024 and Rs 8,938 Crore in June 2025.
  • Other Income: Other income fluctuated, with a peak of Rs 192 Crore in June 2025.
  • Total Income: Total income also fluctuated, with a high of Rs 9,131 Crore in June 2025.
  • Total Expenditure: Total expenditure remained relatively stable, ranging from Rs 7,168 Crore to Rs 7,614 Crore.
  • EBIT: EBIT fluctuated, with a high of Rs 1,622 Crore in June 2024 and Rs 1,516 Crore in June 2025.
  • Interest: Interest expenses remained relatively stable, ranging from Rs 44 Crore to Rs 63 Crore.
  • Tax: Tax expenses fluctuated, with a high of Rs 416 Crore in June 2024.
  • Net Profit: Net profit fluctuated, with a high of Rs 1,150 Crore in June 2024 and Rs 1,080 Crore in June 2025.

The following table summarizes the key figures from the quarterly income statement:

Jun 2025Mar 2025Dec 2024Sep 2024

Jun 2024SalesRs 8,938 CroreRs 8,358 CroreRs 8,549 CroreRs 8,027 Crore

Rs 8,969 CroreOther IncomeRs 192 CroreRs 99 CroreRs 143 CroreRs 173 Crore

Rs 156 CroreTotal IncomeRs 9,131 CroreRs 8,458 CroreRs 8,692 CroreRs 8,201 Crore

Rs 9,125 CroreTotal ExpenditureRs 7,614 CroreRs 7,406 CroreRs 7,168 CroreRs 7,210 Crore

Rs 7,503 CroreEBITRs 1,516 CroreRs 1,051 CroreRs 1,524 CroreRs 990 Crore

Rs 1,622 CroreInterestRs 44 CroreRs 52 CroreRs 55 CroreRs 63 Crore

Rs 55 CroreTaxRs 391 CroreRs 321 CroreRs 389 CroreRs 265 Crore

Rs 416 CroreNet ProfitRs 1,080 CroreRs 677 CroreRs 1,078 CroreRs 662 Crore

Rs 1,150 Crore

Cash Flow:The cash flow statement outlines the movement of cash both into and out of the company during a specific period.

  • Cash Flow from Operating Activities: Cash flow from operating activities has shown fluctuation, with the highest inflow in March 2024 at Rs 6,103 Crore and a recent value of Rs 4,423 Crore in March 2025.
  • Cash Flow from Investing Activities: Cash flow from investing activities has consistently been negative, indicating more cash outflow than inflow. In March 2025, the outflow was Rs -874 Crore.
  • Cash Flow from Financing Activities: Cash flow from financing activities has also been negative, suggesting more cash outflow than inflow. In March 2025, the outflow was Rs -3,752 Crore.
  • Net Cash Flow: The net cash flow has fluctuated over the years, with a recent outflow of Rs -269 Crore in March 2025.

The following table provides a summary of the cash flow statement:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Operating ActivitiesRs 4,423 CroreRs 6,103 CroreRs 4,193 CroreRs 986 Crore

Rs 3,683 CroreInvesting ActivitiesRs -874 CroreRs -2,517 CroreRs -1,274 CroreRs -321 Crore

Rs -547 CroreFinancing ActivitiesRs -3,752 CroreRs -2,982 CroreRs -2,140 CroreRs -1,807 Crore

Rs -650 CroreOthersRs -66 CroreRs -30 CroreRs -7 CroreRs 4 Crore

Rs 7 CroreNet Cash FlowRs -269 CroreRs 572 CroreRs 771 CroreRs -1,137 Crore

Rs 2,492 Crore

Balance Sheet:The balance sheet presents a snapshot of the company's assets, liabilities, and equity at a specific point in time.

  • Share Capital: Remained constant at Rs 95 Crore across the years.
  • Reserves & Surplus: Increased from Rs 12,710 Crore in March 2021 to Rs 19,303 Crore in March 2025.
  • Current Liabilities: Increased from Rs 5,925 Crore in March 2021 to Rs 8,141 Crore in March 2025.
  • Other Liabilities: Increased from Rs 1,637 Crore in March 2021 to Rs 2,830 Crore in March 2025.
  • Total Liabilities: Increased from Rs 20,369 Crore in March 2021 to Rs 30,371 Crore in March 2025.
  • Fixed Assets: Increased from Rs 5,738 Crore in March 2021 to Rs 10,255 Crore in March 2025.
  • Current Assets: Increased from Rs 12,026 Crore in March 2021 to Rs 16,991 Crore in March 2025.
  • Other Assets: Increased from Rs 2,604 Crore in March 2021 to Rs 3,124 Crore in March 2025.
  • Total Assets: Increased from Rs 20,369 Crore in March 2021 to Rs 30,371 Crore in March 2025.
  • Contingent Liabilities: Increased from Rs 858 Crore in March 2021 to Rs 2,424 Crore in March 2025.

The following table summarizes the key figures from the balance sheet:

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Share CapitalRs 95 CroreRs 95 CroreRs 95 CroreRs 95 Crore

Rs 95 CroreReserves & SurplusRs 19,303 CroreRs 18,632 CroreRs 15,896 CroreRs 13,715 Crore

Rs 12,710 CroreCurrent LiabilitiesRs 8,141 CroreRs 8,500 CroreRs 7,895 CroreRs 7,570 Crore

Rs 5,925 CroreOther LiabilitiesRs 2,830 CroreRs 2,694 CroreRs 1,909 CroreRs 1,601 Crore

Rs 1,637 CroreTotal LiabilitiesRs 30,371 CroreRs 29,924 CroreRs 25,798 CroreRs 22,984 Crore

Rs 20,369 CroreFixed AssetsRs 10,255 CroreRs 9,425 CroreRs 6,561 CroreRs 5,702 Crore

Rs 5,738 CroreCurrent AssetsRs 16,991 CroreRs 17,537 CroreRs 16,535 CroreRs 15,152 Crore

Rs 12,026 CroreOther AssetsRs 3,124 CroreRs 2,961 CroreRs 2,701 CroreRs 2,129 Crore

Rs 2,604 CroreTotal AssetsRs 30,371 CroreRs 29,924 CroreRs 25,798 CroreRs 22,984 Crore

Rs 20,369 CroreContingent LiabilitiesRs 2,424 CroreRs 2,845 CroreRs 2,679 CroreRs 1,651 Crore

Rs 858 Crore

Financial Ratios:Here are some key financial ratios for Asian Paints:

  • Basic EPS (Rs.): Decreased from 56.95 in March 2024 to 38.25 in March 2025.
  • Book Value [Excl. Reval Reserve]/Share (Rs.): Increased from 195.25 in March 2024 to 202.25 in March 2025.
  • Dividend/Share (Rs.): Decreased from 33.30 in March 2024 to 24.80 in March 2025.
  • Gross Profit Margin (%): Decreased from 23.30% in March 2024 to 19.40% in March 2025.
  • Net Profit Margin (%): Decreased from 15.28% in March 2024 to 10.52% in March 2025.
  • Return on Networth / Equity (%): Decreased from 29.15% in March 2024 to 18.90% in March 2025.
  • Debt to Equity (x): Slightly decreased from 0.06 in March 2024 to 0.04 in March 2025.
  • P/E (x): Increased from 49.99 in March 2024 to 61.19 in March 2025.
  • P/B (x): Decreased from 14.58 in March 2024 to 11.56 in March 2025.

Corporate Actions:

Asian Paints has been actively involved in corporate actions, including analyst/investor meets and press releases. The company participated in investor meetings on August 25, 2025, as well as other meetings as per enclosed letters. A press release was issued on August 4, 2025, regarding the renewal of Joint Venture agreements with PPG Group, USA.

Dividends:The company has consistently distributed dividends to its shareholders. Notable dividends include:

  • Final Dividend of Rs.20.55 per share (2055%) announced on May 8, 2025, with an effective date of June 10, 2025.
  • Interim Dividend of Rs.4.25 per share (425%) announced on September 17, 2024, with an effective date of November 19, 2024.

Bonus Issues:Asian Paints has a history of issuing bonus shares. Some of the bonus issues include:

  • Bonus ratio of 1:2, announced on May 28, 2003, with an ex-bonus date of August 22, 2003.
  • Bonus ratio of 3:5, announced on May 30, 2000, with an ex-bonus date of August 2, 2000.

Stock Splits:The company had one stock split action:

  • Stock split announced on May 9, 2013, with old face value of Rs 10 and new face value of Rs 1, and an ex-split date of July 30, 2013.

Moneycontrol analysis indicates a very bullish sentiment on Asian Paints as of August 22, 2025.With the stock currently trading at Rs 2,515.10, Asian Paints reflects a notable shift in today's session, influenced by consolidated financial performance and strategic corporate actions.

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