Asian Paints Ltd
Thu 13/03/2025,15:59:24 | NSE : ASIANPAINT
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Market Data
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Open
₹ 2255.25
Previous Close
₹ 2251.30
Volume
747500
Mkt Cap ( Rs. Cr)
₹214025.80
High
₹ 2257.20
Low
₹ 2222.50
52 Week High
₹ 3394.90
52 Week Low
₹ 2124.75
Book Value Per Share
₹ 187.91
Dividend Yield
1.49
Face Value
₹ 1.00
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Buy
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25.25%
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15.16%
59.58%
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0
Bid Price
Qty
2231.30
282
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Bid Total
282
Option Chain
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News
Media spotlight triggers stock stock attention, sentiment.
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Asian Paints Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Asian Paints Ltd. - Update-Acquisition/Scheme/Sale/Disposal-XBRL
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Asian Paints Ltd. - Amalgamation/Merger
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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Asian Paints Ltd. - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 201
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Asian Paints Ltd. - Updates
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Asian Paints Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
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Asian Paints Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Asian Paints Ltd. - Sale or disposal-XBRL
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Asian Paints Ltd. - Press Release
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Asian Paints Ltd. - Diversification/Disinvestment
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Asian Paints Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Asian Paints Ltd. - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations,
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Asian Paints Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates
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Asian Paints Ltd. - Investor Presentation
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Asian Paints Ltd. - Integrated Filing- Financial
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Asian Paints Ltd. - Press Release
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Asian Paints Ltd. - Financial Result Updates
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Asian Paints Ltd. - Outcome of Board Meeting
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Investor Presentation
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Asian Paints Q3 net profit down 23.20% at Rs 1108.59 cr
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Asian Paints Ltd. - Integrated Filing (Financial)
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Asian Paints Ltd. - Outcome Of Board Meeting In Accordance With The SEBI (Listing Obligations And Disclosure Requirements) Re
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Asian Paints Ltd. - Board Meeting Outcome for Outcome Of Board Meeting In Accordance With The SEBI (Listing Obligations And D
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Asian Paints Ltd. - Updates
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Asian Paints Ltd. - Intimation Regarding Receipt Of Approval From The Stock Exchanges For Reclassification Of An Entity Formi
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Asian Paints Ltd. - Update-Acquisition/Scheme/Sale/Disposal-XBRL
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Asian Paints Ltd. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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Asian Paints Ltd. - Amalgamation/Merger
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Asian Paints Ltd. has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024
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Asian Paints Ltd. - Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Asian Paints Ltd. - Board Meeting Intimation
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Asian Paints Ltd. - Board Meeting Intimation for Consideration Of Audited Standalone And Unaudited Consolidated Financial Res
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Asian Paints Ltd. - Updates
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Asian Paints Ltd. - Intimation For Change In The Name Of The Registrar And Share Transfer Agent Of The Company
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Asian Paints Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Asian Paints Ltd. - Appointment
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Asian Paints Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Asian Paints Ltd. - Trading Window-XBRL
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Asian Paints Ltd. - Trading Window
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Asian Paints Ltd. - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations,
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Asian Paints Ltd. - Resignation
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Asian Paints Ltd. - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations,
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Asian Paints Ltd. - Resignation
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Stock update: Asian Paints Q3FY25 (Consolidated) result update
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Asian Paints Q3FY2025 (Consolidated) results
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Asian Paints
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Stock update: Asian Paints Q1FY2025 (Consolidated) result update
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Asian Paints, Berger Paints
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Stock update: Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Stock update: Asian Paints Q4FY2024
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Asian Paints Q4FY2024 (Consolidated) results
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Grasim, Asian Paints
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Asian Paints
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Stock update: Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Stock update: Asian Paints Q2FY2024
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints signs MoU with Gujarat govt
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Asian Paints Q3FY2023 consolidated results
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Stock update: Asian Paints Q1FY2023 (Consolidated) result update
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Asian Paints Q1FY2023 consolidated results
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Asian Paints
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Asian Paints
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Asian Paints
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Stock update: Asian Paints Q4FY2022 (Consolidated) result update
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Asian Paints Q4FY2022 consolidated results
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Asian Paints Q4FY2022 consolidated results
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Asian Paints Q4FY2022 consolidated results
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Asian Paints
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Stock update: Asian Paints
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Acquisition of stake
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Asian Paints
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Stock update: Asian Paints
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Stock update: Asian Paints Q3FY22 results update
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Asian Paints: Q3FY2022 (consolidated) result first cut
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Asian Paints
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Stock Update – Asian Paints
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Stock Update – Asian Paints
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Asian Paints to invest Rs. 960 cr on expansion of capacity
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Asian Paints
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Asian Paints clarifies on whistle-blower
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Stock Update: Asian Paints - Q2FY22 consolidated results review
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First cut: Asian Paints Q2FY2022 (consolidated)
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Asian Paints
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Asian Paints
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Asian Paints: Result update
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Asian Paints: Result update
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Asian Paints Q1FY2022 (consolidated) results
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Asian Paints hikes prices
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Asian Paints: Growth momentum to improve
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints: Key highlights
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Asian Paints: Q3FY21 result update
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Asian Paints: Q3FY2021 (consolidated) results
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Asian Paints
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Asian Paints: Company update
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Asian Paints: Stock Update
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Asian Paints
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Asian Paints
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Berger Paints; Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints falls as Goldman Sachs downgrades stock
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Asian Paints
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Fire in Asian Paints’ Andhra Pradesh facility has been control
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Fire breaks out in Asian Paints Andhra Pradesh manufacturing facility
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Asian Paints falls after fire breaks out at facility
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Asian Paints Q1FY2019 consolidated revenue up 15%
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Asian Paints acquires stake in Sleek
Key fundamentals
Evaluate the intrinsic value of Asian Paints Ltd stock
Name | March-24 | March-23 | March-22 | March-21 | March-20 |
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Assets | 18478.53 | 15634.92 | 13365.25 | 12105.41 | 9471.79 |
Liabilities | 18478.53 | 15634.92 | 13365.25 | 12105.41 | 9471.79 |
Equity | 95.92 | 95.92 | 95.92 | 95.92 | 95.92 |
Gross Profit | 7030.39 | 5820.48 | 4587.79 | 4492.78 | 3857.04 |
Net Profit | 5321.55 | 4100.18 | 3134.71 | 3051.8 | 2653.95 |
Cash From Operating Activities | 5737.84 | 4221.65 | 1260.31 | 3459.5 | 2407.47 |
NPM(%) | 17.24 | 13.63 | 12.44 | 16.48 | 15.43 |
Revenue | 30850.12 | 30078.4 | 25188.51 | 18516.86 | 17194.09 |
Expenses | 23819.73 | 24257.92 | 20600.72 | 14024.08 | 13337.05 |
ROE(%) | 29.52 | 22.74 | 17.39 | 16.93 | 14.72 |
Corporate Action
XD-Date | Dividend-Amount | Dividend-% | Dividend Yield(%GE) | Price on that day |
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19 Nov 2024 | 4.25 | 425 | 1.49 | 3312.8 |
11 Jun 2024 | 28.15 | 2815 | 1.49 | 2710.1 |
03 Nov 2023 | 5.15 | 515 | 1.49 | 3196.65 |
09 Jun 2023 | 21.25 | 2125 | 1.49 | 3139.75 |
31 Oct 2022 | 4.4 | 440 | 1.49 | 3384.8 |
09 Jun 2022 | 15.5 | 1550 | 1.49 | 3086.35 |
28 Oct 2021 | 3.65 | 365 | 1.49 | 3201.6 |
10 Jun 2021 | 14.5 | 1450 | 1.49 | 2556.2 |
28 Oct 2020 | 3.35 | 335 | 1.49 | 2028 |
23 Jul 2020 | 1.5 | 150 | 1.49 | 1683.9 |
03 Mar 2020 | 7.15 | 715 | 1.49 | 1884.9 |
30 Oct 2019 | 3.35 | 335 | 1.49 | 1725.15 |
13 Jun 2019 | 7.65 | 765 | 1.49 | 1354.2 |
29 Oct 2018 | 2.85 | 285 | 1.49 | 1224.7 |
14 Jun 2018 | 6.05 | 605 | 1.49 | 1217.7 |
31 Oct 2017 | 2.65 | 265 | 1.49 | 1131.7 |
15 Jun 2017 | 2 | 200 | 1.49 | 1132.95 |
15 Jun 2017 | 5.65 | 565 | 1.49 | 1166.45 |
01 Nov 2016 | 2.65 | 265 | 1.49 | 1192.55 |
16 Jun 2016 | 5.3 | 530 | 1.49 | 907.85 |
28 Oct 2015 | 2.2 | 220 | 1.49 | 839.65 |
24 Jun 2015 | 4.3 | 430 | 1.49 | 766.75 |
22 Sep 2014 | 1.8 | 180 | 1.49 | 624.2 |
16 Jun 2014 | 4.2 | 420 | 1.49 | 556.9 |
24 Oct 2013 | 1.1 | 110 | 1.49 | 459.25 |
06 Jun 2013 | 36.5 | 365 | 1.49 | 4670.95 |
29 Oct 2012 | 9.5 | 95 | 1.49 | 3874 |
07 Jun 2012 | 30.5 | 305 | 1.49 | 3655.55 |
25 Oct 2011 | 9.5 | 95 | 1.49 | 3129.4 |
09 Jun 2011 | 23.5 | 235 | 1.49 | 2691.05 |
29 Oct 2010 | 8.5 | 85 | 1.49 | 2660.65 |
30 Jun 2010 | 18.5 | 185 | 1.49 | 2100.3 |
26 Oct 2009 | 8.5 | 85 | 1.49 | 1405.75 |
17 Jun 2009 | 11 | 110 | 1.49 | 897.3 |
29 Oct 2008 | 6.5 | 65 | 1.49 | 1051.15 |
12 Jun 2008 | 10.5 | 105 | 1.49 | 1222.5 |
25 Oct 2007 | 6.5 | 65 | 1.49 | 966.45 |
13 Jun 2007 | 1 | 10 | 1.49 | 782.45 |
20 Mar 2007 | 6.5 | 65 | 1.49 | 683.2 |
03 Nov 2006 | 5.5 | 55 | 1.49 | 674 |
15 Jun 2006 | 8 | 80 | 1.49 | 663.3 |
31 Oct 2005 | 4.5 | 45 | 1.49 | 501.7 |
22 Jun 2005 | 5.5 | 55 | 1.49 | 384.8 |
01 Nov 2004 | 4 | 40 | 1.49 | 298.6 |
16 Jun 2004 | 5 | 50 | 1.49 | 301.45 |
07 Nov 2003 | 3.5 | 35 | 1.49 | 304.65 |
09 Jul 2003 | 6.5 | 65 | 1.49 | 381.2 |
21 Oct 2002 | 4.5 | 45 | 1.49 | 345.35 |
11 Jul 2002 | 5.5 | 55 | 1.49 | 300.1 |
0 | 0 | 1.49 | 305.7 | |
19 Oct 2001 | 0 | 35 | 1.49 | 265 |
02 Aug 2001 | 0 | 40 | 1.49 | 252.05 |
16 Oct 2000 | 0 | 30 | 1.49 | 220.8 |
0 | 60 | 1.49 | 423.2 | |
0 | 40 | 1.49 | 390.15 | |
0 | 45 | 1.49 | 244 | |
0 | 35 | 1.49 | 299.25 | |
0 | 40 | 1.49 | 240.05 | |
0 | 35 | 1.49 | 314.95 | |
0 | 75 | 1.49 | 295.8 |
Peers
Other companies within the same industry or sector that are comparable to Asian Paints Ltd
Company | Price | Price (% change) | pe(x) | EV/EBITDA(x) | ROE(%) | ROCE(%) |
---|---|---|---|---|---|---|
Asahi Songwon Colors Ltd | 285.80 | -6.08 | 23.60 | 2629.69 | 170.07 | 0.17 |
Dynemic Products Ltd | 256.75 | 0.31 | 21.10 | 2683.48 | 29.11 | 0.00 |
Kansai Nerolac Paints Ltd | 224.65 | -1.50 | 15.79 | 180350.00 | 1466.32 | 1.67 |
Hindprakash Industries Ltd | 129.13 | 2.63 | 100.10 | 2548.66 | 13.43 | 0.00 |
Company Info
1945 - The Company was incorporated as a private limited company under the name of Asian Oil and Paint Company Pvt. Ltd. It was converted into a public limited company in 1973. The Company manufacture a wide range of surface coatings catering to different end-uses. It also manufactures vinyl pyridine latex used in the manufacture of rubber tyres. - The company expanded its products range, developed its own technology, set up a distribution network penetrating in smaller towns and ploughed back a large part of earnings into creation of new facilities. 1965 - The name was changed from Asian Oil and Paint Company Pvt. Ltd. to Asian Paints (India) Pvt. Ltd. 1974 - A major modernisation programme was undertaken to streamline the paint production facilities by improving the layout of machines, addition to balancing equipment and replacement of old machinery. The Company embarked on phased modernisation of resin manufacturing facilities as well. - The Bhandup plant of the Company is reportedly the largest single paint factory in the country and one of the most up-to-date with sophisticated machinery and equipment for manufacturing a wide range of paints and other products besides adequate resin manufacturing capacity to meet its entire requirements. 1975 - Bonus Equity shares issued in the prop. 1:2 in 1961, 1:3 in 1962, 1:1 in 1966, 1:2 in 1969, 2:3 in 1971 and 1:2 in 1975. 1978 - 1,00,000 Bonus Equity shares issued in the prop. 2:3. 1980 - 50,000 unclassified shares classified as prefernece shares and issued. They are redeemable during the period 30.6.1987/1990. 1982 - The main objects of the public issue of capital during August, were to fulfill the listing requirements of the Stock Exchange and to provide part of the finance for the increased operations. 1983 - Equity shares subdivided. 10,00,000 Bonus shares issued in prop. 2:5, 16,85,185 No. of Equity shares issued (prem. Rs 13 per share) through prospectus in August 1982. Out of these, 84,259 shares and 33,704 shares were reserved for preferential allotment to the employees and to the business associates of the company respectively. 15,67,222 shares offered to the public of which 4,21,296 shares were offered to NRIs on repatriation basis. 1985 - The Company undertook to set up a third paint unit at Patancheru, a notified backward area near Hyderabad, for the manufacture of 15,000 MT of paints and enamels. - A letter of Intent was obtained for setting up a fourth paint plant in Uttar Pradesh with a capacity of 23,000 tonnes per annum of paints, varnishes and enamels and 65,000 tonnes per annum of synthetic resins (for captive consumption). - The Company entered into a collaboration agreement with Nippon Paints Co. Ltd., Japan, to obtain technical know-how to manufacture powder coating and coil coatings under an exclusive licence. Necessary manufacturing facilities for the powder coatings with a capacity of 300 MT were installed and commissioned at Kasna plant during 1992-93. - 31,11,111 Bonus equity shares issued in prop. 3:5. 1987 - The Company commissioned a plant for the manufacture of synthetic rubbers lattices with a capacity of 1,200 tonnes per annum. The Company received a letter of intent to manufacture 9,000 tonnes of phthalic anhydride. The project would be based on imported Van Heyden low energy process technology with engineering package from Davy McKee of Cologne, West Germany. The project was commissioned in March 1990. But, a fire accident in the succeeding month damaged a storage tank, nearby pipes and support structures. The plant was repaired and restarted only in August 1990. - The Company jointly with Tamil Nadu Industrial Development Corporation (TIDCO) promoted a joint sector Company under the name Pentasia Chemicals Ltd. (PCL), for the manufacture of 3,000 TPA of pentaerythritol and 1,800 TPA of sodium formate. The project commissioned in March. - 41,48,148 Bonus equity shares issued in prop. 1:2. 1988 - The Company issued 9,00,000 - 14% secured non-convertible debentures of Rs 100 each to ICICI, UTI, LIC, GIC, NIC, New India Assurance Company Ltd., Oriental Insurance Co., Ltd and United India Insurance Co., Ltd. on private placement basis. These debentures are redeemable in five equal instalments on the expiry of 5th, 6th, 7th, 8th and 9th year from the date of allotment at a premium of Rs 5 per debenture. 1989 - A scheme of arrangement was finalised for vesting of the assets and liabilities of the Company's Apcotex division with Apcotex Lattices Ltd. (ALL). As per the scheme of arrangement, one equity share of Rs 10 each of ALL was allotted without payment in cash to the shareholders of Asian Paints (India) Ltd., for every 13 equity shares held by them in the company, i.e., Asian Paints (India) Ltd. - The first phase of the project with an initial installed capacity of 16,000 tonnes per annum was commissioned during the year. 1990 - Asian Paints (South Pacific) Ltd., in Fiji and Asian Paints (Tonga) Ltd., are two joint venture set up abroad with the Company supplying the necessary know-how. Both these are the Company's subsidiaries and the equity participation by the Company amounted to 51% in the former and 25% in the latter as at 31st December. Asian Paints (South Pacific) Ltd., holds an additional 25% in the equity capital of Asian Paints (Tonga) Ltd. - The Company also set up two more joint ventures under the names and styles of Asian Paints (Nepal) Pvt. Ltd., and Asian Paints (S.I.) Ltd., both of which are subsidiaries of the Company. - The Company had set up a joint venture unit Asian Paints (Vanuatu) Ltd., for the manufacture of paints and enamels in the Pacific Island of Vanuatu. The Vanuatu company had issued 54,000 ordinary shares of US $1 each to the Company as fully paid-up shares against the plant and machinery supplied. 1991 - Pentasia Chemicals Ltd., became a subsidiary of the Company. Pentasia Investments Ltd., is a subsidiary of the Company. - The Company acquired 19,10,000 equity share of Rs 10 each in the share capital of Pentasia Chemicals Ltd., from TIDCO in May. Consequently, PCL became a subsidiary of the Company. - The Company issued 5,00,000 - 17.5% secured non-convertible redeemable debentures of Rs 100 each aggregating to Rs 500 lakhs to Unit Trust of India on private placement basis. These debentures are redeemable in three equal instalments on the expiry of 6th, 7th and 8th years from the date of allotment at a premium of Rs 5 per debenture. 1992 - 74,66,666 Bonus equity shares issued in prop. 3:5. 1993 - Sales of phthalic division was lower due to planned shutdown of the plant for 25 days and also due to lower selling prices. - The Company undertook to set up a joint venture unit along with its overseas subsidiaries, in Queensland, Australia for manufacture of paints, enamels and varnishes. The Company was to invest a $2,00,000 in the share capital of Asian Paints (Queensland) Pvt. Ltd. a joint stock company, Australia. 1994 - The Company proposed to expand its existing capacities for the manufacture of paints and enamels to 50,000 tonnes per annum at each of its plants in Ankleshwar, Patancheru and Kasna. - The Company placed before the operating agency approached by BIFR, the proposal to amalgamate with itself Pentasia Chemicals Ltd. 1995 - Pantasia Chemicals Ltd. (PCL) was merged with the Company. The assets and liabilities of the erstwhile PCL are vested with the Company with effect from 1.10.1994. - The company undertook to set up a joint venture unit for the manufacture of paints, enamels and varnishes in the Republic of Mauritius. The joint venture involves a total cost of 1,83,00,000 Mauritius Rupees of which 49% will be financed by the Company and the balance from Mauritian parties. - 199,11,110 No. of Equity shares allotted as bonus shares on 1.1.1996. Another 2,94,000 No. of Equity Shares of Rs 10 each were allotted by the Company in pursuant to the order of BIFR to PCL in prop. 1:25. 1996 - The Company proposed to set up a fifth point manufacturing plant at Ratnagiri, Maharashtra. - During 21st February, a fire broke and in the paint manufacturing block of Mumbai plant causing extensive damage to the materials stored in the block. - A joint venture company viz. Asian PPG Industries Pvt. Ltd. ws set up alongwith PPG Industries, Inc. of USA to market and/or manufacture automotive paints and certain Industrial products as may be decided upon mutually between the partners. 1998 - As at 31st March, a sum of Rs 1008 lakhs was outstanding against loans from Financial Institutions. - The new initiative to install 350 colourworlds received encouraging response and made significant contribution to performance. Three new products, NC range of wood finishes, ACE exterior emulsion and Asian wall putty were launched. - Asian Paints, the Rs.737.20 crore paints major, has launched a new marketing thrust with the introduction of a one-stop colour shop for paints complete with a software for consumers to choose and select their different shade combinations. - Asian Paints, India's No.1 Paint Company recently, launched their latest offering `Asian Paints Colour World'. - Credit Rating Information Services of India Ltd (Crisil) has assigned a `AAA' rating to the proposed non-convertible debenture (NCD) obligation of Asian Paints Ltd (APL). - Two subsidiaries of Asian Paints - Pentasia Chemicals and Pentasia Investments - have been merged with the p arent company following the approval of the Board for Industrial & Financial Reconstruction (BIFR). - Asian Paints Limited, the largest paint company in India, launched its first exclusive showroom in Mumbai. 1999 - The company has joint venture companies in the overseas market. All these ventures are doing well and have a strong hold in their respective markets. - In its first-ever acquisition overseas, Asian Paints Ltd (APL) has acquired a 76 per cent equity stake in Sri Lanka-based Delmege Forsyth & Co (Paints) Ltd. 2000 - Asian Paints has launched two variants in polyurethane (PU) wood finish under the brand name Opal. - The Company has proposed to issue bonus shares in the ratio of three shares for every five shares held. - Asian Paints has opened a manufacturing plant in oman in partnership with a local company. - Asian Pains has acquired the entire paints business of Pacific Paints Company based in Australia for over Rs 1 crore. - Asian Paints has lifted the lockout at its factory in Uttar Pradesh. The Company suspended operations at Kasna in July after the workers resorted to a "sit-in-strike". 2001 - Asian Paints has introduced Utsav Enamel for the festive season. - Asian Paints has appointed senior parnter of the solicitor firm Crawford Bailey & Co, R A Shah and Deputy Director, National Chemical Laboratory Dr Swaminathan Sivaram as directors on the company's board. - Asian Paints India Ltd has posted a marginal drop in net profit at Rs 29.62 crore for the quarter ended September 30, 2001. 2002 -Revamps its international operations, transferres shares in its subsidiaries in Fiji, Tonga, Solomon Island, Vanuata, Australia and the Sultanate of Oman to the Mauritius based subsidiary Asian Paints International -Executes agreement for purchase of 60% equity capital of SCIB Chemicals S.A.E., Egypt -Launches its $3 million joint venture with Bangladesh-based Confidence Cements in which the holds 51 per cent stake -Acquires controlling stake of 50.1 per cent in Berger International, Singapore, for Rs 58 crore, appoint Jalaj Dani as CEO 2003 -Board recommends issue of bonus shares by capitalisation of Reserves in the ratio of 1 equity share for every 2 equity shares held on the record date -Asian Paints, via its Singapore-based subsidiary - Berger International - inks a technology and brand licensing agreement with PT Abadi Coatings Solusi, an Indonesian paint company -Shareholders approve the Scheme of Arrangement proposed to be made between Pentasia Investment Ltd with Asian Paints India Ltd and the consequential reduction of share capital of Asian Paints India Ltd. -Berger International starts restructuring exercise to curtail cost -Acquires Taubmans Paints (Fiji) Ltd. through its subsidiary in Fiji, Asian Paints (South Pacific) Ltd (APSP) -Acquisition of 9.2% shares in ICI India Ltd. -Asian Paints bags Ken Sharma award 2004 -10th Asian Paints Star Screen Weekly Awards- aura of mystery -Asian Paints launches paint solutions for kids' 2005 -Berger Intl partners with Filipino firm Dutch Boy -Company has changed its name from Asian Paints (India) Ltd. to Asian Paints Ltd. 2006 -Asian Paints - APICL's new mfg plant at Baddi commences commercial production 2008 -Asian Paints launches new campaign 2009 - Asian Paints Ltd has submitted the disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE - Asian Paints Ltd has appointed Shri. S Ramadorai as an Additional Director of the Company pursuant to Section 260 of the Companies Act, 1956. 2010 -Berger International Ltd Singapore (BIL), a subsidiary of Asian Paints Ltd , which is a wholly owned subsidiary of the Company -The Company's new paint plant at Rohtak in the State of Haryana has commenced commercial production -Asian Paints Signed a MOU with Maharashtra Govt. to set up a Mega Project for manufacture of Paints & Intermediate 2011 -Asian Paints to form second Joint Venture with PPG Industries. -Asian Paints - Company's subsidiary, SCIB Chemicals SAE has temporarily restarted the operations of its two plants in Egypt 2012 -Asian Paints - Production at the Company's Plant at Rohtak, Haryana has been restarted 2013 -Asian Paints completes acquisition of Sleek Group -Commencement of commercial production at new plant -Asian Paints has splits its face value from Rs 10/- to 1/- 2014 -Asian Paints Ltd Enters into binding agreement with Ess Ess 2015 -Asian Paints Ltd has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to set up a manufacturing facility for paints and intermediates Vishakhapatnam District, Andhra Pradesh 2017 - Asian Paints to expand paint manufacturing capacity in Guj - Asian Paints arm acquires Sri Lankan firm Causeway Paints - Asian Paints Ltd. - Board recommend Final & Special Dividend - Asian Paints enters into share purchase agreement with ANSA Coatings 2018 -Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2018 (July 2018 Issue). 2019 - Asian Paints Ltd. - Commencement Of Commercial Production At The Company's Vishakhapatnam Plant. -Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2019 (July 2019 Issue). -Included in the Forbes List of World's Best Regarded Companies (Sept 2019). Second Consecutive appearance for Asian Paints in the coveted list 2020 -Asian Paints approved the Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics Private Limited ( Transferor Company ), wholly owned subsidiary of the Company with Asian Paints Limited. 2021 Asian Paints has signed a Memorandum of Understanding with the Government of Gujarat, commencing the proposed expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL and resins and emulsions from 32000 MT to 85000M. 2022 - Asian Paints entered into Share Purchase Agreements and other definitive documents with Aapex Power and Industries Private Ltd. and Harind Chemicals & Pharmaceuticals Private Ltd. for acquisition of majority stake in Harind over the period of next 5 (five) years 2023 -The original installed production capacity of the Khandala plant has been increased to 4,00,000 KL per annum in order to meet the medium-term capacity requirements of the Company.
1945 - The Company was incorporated as a private limited company under the name of Asian Oil and Paint Company Pvt. Ltd. It was converted into a public limited company in 1973. The Company manufacture a wide range of surface coatings catering to different end-uses. It also manufactures vinyl pyridine latex used in the manufacture of rubber tyres. - The company expanded its products range, developed its own technology, set up a distribution network penetrating in smaller towns and ploughed back a large part of earnings into creation of new facilities. 1965 - The name was changed from Asian Oil and Paint Company Pvt. Ltd. to Asian Paints (India) Pvt. Ltd. 1974 - A major modernisation programme was undertaken to streamline the paint production facilities by improving the layout of machines, addition to balancing equipment and replacement of old machinery. The Company embarked on phased modernisation of resin manufacturing facilities as well. - The Bhandup plant of the Company is reportedly the largest single paint factory in the country and one of the most up-to-date with sophisticated machinery and equipment for manufacturing a wide range of paints and other products besides adequate resin manufacturing capacity to meet its entire requirements. 1975 - Bonus Equity shares issued in the prop. 1:2 in 1961, 1:3 in 1962, 1:1 in 1966, 1:2 in 1969, 2:3 in 1971 and 1:2 in 1975. 1978 - 1,00,000 Bonus Equity shares issued in the prop. 2:3. 1980 - 50,000 unclassified shares classified as prefernece shares and issued. They are redeemable during the period 30.6.1987/1990. 1982 - The main objects of the public issue of capital during August, were to fulfill the listing requirements of the Stock Exchange and to provide part of the finance for the increased operations. 1983 - Equity shares subdivided. 10,00,000 Bonus shares issued in prop. 2:5, 16,85,185 No. of Equity shares issued (prem. Rs 13 per share) through prospectus in August 1982. Out of these, 84,259 shares and 33,704 shares were reserved for preferential allotment to the employees and to the business associates of the company respectively. 15,67,222 shares offered to the public of which 4,21,296 shares were offered to NRIs on repatriation basis. 1985 - The Company undertook to set up a third paint unit at Patancheru, a notified backward area near Hyderabad, for the manufacture of 15,000 MT of paints and enamels. - A letter of Intent was obtained for setting up a fourth paint plant in Uttar Pradesh with a capacity of 23,000 tonnes per annum of paints, varnishes and enamels and 65,000 tonnes per annum of synthetic resins (for captive consumption). - The Company entered into a collaboration agreement with Nippon Paints Co. Ltd., Japan, to obtain technical know-how to manufacture powder coating and coil coatings under an exclusive licence. Necessary manufacturing facilities for the powder coatings with a capacity of 300 MT were installed and commissioned at Kasna plant during 1992-93. - 31,11,111 Bonus equity shares issued in prop. 3:5. 1987 - The Company commissioned a plant for the manufacture of synthetic rubbers lattices with a capacity of 1,200 tonnes per annum. The Company received a letter of intent to manufacture 9,000 tonnes of phthalic anhydride. The project would be based on imported Van Heyden low energy process technology with engineering package from Davy McKee of Cologne, West Germany. The project was commissioned in March 1990. But, a fire accident in the succeeding month damaged a storage tank, nearby pipes and support structures. The plant was repaired and restarted only in August 1990. - The Company jointly with Tamil Nadu Industrial Development Corporation (TIDCO) promoted a joint sector Company under the name Pentasia Chemicals Ltd. (PCL), for the manufacture of 3,000 TPA of pentaerythritol and 1,800 TPA of sodium formate. The project commissioned in March. - 41,48,148 Bonus equity shares issued in prop. 1:2. 1988 - The Company issued 9,00,000 - 14% secured non-convertible debentures of Rs 100 each to ICICI, UTI, LIC, GIC, NIC, New India Assurance Company Ltd., Oriental Insurance Co., Ltd and United India Insurance Co., Ltd. on private placement basis. These debentures are redeemable in five equal instalments on the expiry of 5th, 6th, 7th, 8th and 9th year from the date of allotment at a premium of Rs 5 per debenture. 1989 - A scheme of arrangement was finalised for vesting of the assets and liabilities of the Company's Apcotex division with Apcotex Lattices Ltd. (ALL). As per the scheme of arrangement, one equity share of Rs 10 each of ALL was allotted without payment in cash to the shareholders of Asian Paints (India) Ltd., for every 13 equity shares held by them in the company, i.e., Asian Paints (India) Ltd. - The first phase of the project with an initial installed capacity of 16,000 tonnes per annum was commissioned during the year. 1990 - Asian Paints (South Pacific) Ltd., in Fiji and Asian Paints (Tonga) Ltd., are two joint venture set up abroad with the Company supplying the necessary know-how. Both these are the Company's subsidiaries and the equity participation by the Company amounted to 51% in the former and 25% in the latter as at 31st December. Asian Paints (South Pacific) Ltd., holds an additional 25% in the equity capital of Asian Paints (Tonga) Ltd. - The Company also set up two more joint ventures under the names and styles of Asian Paints (Nepal) Pvt. Ltd., and Asian Paints (S.I.) Ltd., both of which are subsidiaries of the Company. - The Company had set up a joint venture unit Asian Paints (Vanuatu) Ltd., for the manufacture of paints and enamels in the Pacific Island of Vanuatu. The Vanuatu company had issued 54,000 ordinary shares of US $1 each to the Company as fully paid-up shares against the plant and machinery supplied. 1991 - Pentasia Chemicals Ltd., became a subsidiary of the Company. Pentasia Investments Ltd., is a subsidiary of the Company. - The Company acquired 19,10,000 equity share of Rs 10 each in the share capital of Pentasia Chemicals Ltd., from TIDCO in May. Consequently, PCL became a subsidiary of the Company. - The Company issued 5,00,000 - 17.5% secured non-convertible redeemable debentures of Rs 100 each aggregating to Rs 500 lakhs to Unit Trust of India on private placement basis. These debentures are redeemable in three equal instalments on the expiry of 6th, 7th and 8th years from the date of allotment at a premium of Rs 5 per debenture. 1992 - 74,66,666 Bonus equity shares issued in prop. 3:5. 1993 - Sales of phthalic division was lower due to planned shutdown of the plant for 25 days and also due to lower selling prices. - The Company undertook to set up a joint venture unit along with its overseas subsidiaries, in Queensland, Australia for manufacture of paints, enamels and varnishes. The Company was to invest a $2,00,000 in the share capital of Asian Paints (Queensland) Pvt. Ltd. a joint stock company, Australia. 1994 - The Company proposed to expand its existing capacities for the manufacture of paints and enamels to 50,000 tonnes per annum at each of its plants in Ankleshwar, Patancheru and Kasna. - The Company placed before the operating agency approached by BIFR, the proposal to amalgamate with itself Pentasia Chemicals Ltd. 1995 - Pantasia Chemicals Ltd. (PCL) was merged with the Company. The assets and liabilities of the erstwhile PCL are vested with the Company with effect from 1.10.1994. - The company undertook to set up a joint venture unit for the manufacture of paints, enamels and varnishes in the Republic of Mauritius. The joint venture involves a total cost of 1,83,00,000 Mauritius Rupees of which 49% will be financed by the Company and the balance from Mauritian parties. - 199,11,110 No. of Equity shares allotted as bonus shares on 1.1.1996. Another 2,94,000 No. of Equity Shares of Rs 10 each were allotted by the Company in pursuant to the order of BIFR to PCL in prop. 1:25. 1996 - The Company proposed to set up a fifth point manufacturing plant at Ratnagiri, Maharashtra. - During 21st February, a fire broke and in the paint manufacturing block of Mumbai plant causing extensive damage to the materials stored in the block. - A joint venture company viz. Asian PPG Industries Pvt. Ltd. ws set up alongwith PPG Industries, Inc. of USA to market and/or manufacture automotive paints and certain Industrial products as may be decided upon mutually between the partners. 1998 - As at 31st March, a sum of Rs 1008 lakhs was outstanding against loans from Financial Institutions. - The new initiative to install 350 colourworlds received encouraging response and made significant contribution to performance. Three new products, NC range of wood finishes, ACE exterior emulsion and Asian wall putty were launched. - Asian Paints, the Rs.737.20 crore paints major, has launched a new marketing thrust with the introduction of a one-stop colour shop for paints complete with a software for consumers to choose and select their different shade combinations. - Asian Paints, India's No.1 Paint Company recently, launched their latest offering `Asian Paints Colour World'. - Credit Rating Information Services of India Ltd (Crisil) has assigned a `AAA' rating to the proposed non-convertible debenture (NCD) obligation of Asian Paints Ltd (APL). - Two subsidiaries of Asian Paints - Pentasia Chemicals and Pentasia Investments - have been merged with the p arent company following the approval of the Board for Industrial & Financial Reconstruction (BIFR). - Asian Paints Limited, the largest paint company in India, launched its first exclusive showroom in Mumbai. 1999 - The company has joint venture companies in the overseas market. All these ventures are doing well and have a strong hold in their respective markets. - In its first-ever acquisition overseas, Asian Paints Ltd (APL) has acquired a 76 per cent equity stake in Sri Lanka-based Delmege Forsyth & Co (Paints) Ltd. 2000 - Asian Paints has launched two variants in polyurethane (PU) wood finish under the brand name Opal. - The Company has proposed to issue bonus shares in the ratio of three shares for every five shares held. - Asian Paints has opened a manufacturing plant in oman in partnership with a local company. - Asian Pains has acquired the entire paints business of Pacific Paints Company based in Australia for over Rs 1 crore. - Asian Paints has lifted the lockout at its factory in Uttar Pradesh. The Company suspended operations at Kasna in July after the workers resorted to a "sit-in-strike". 2001 - Asian Paints has introduced Utsav Enamel for the festive season. - Asian Paints has appointed senior parnter of the solicitor firm Crawford Bailey & Co, R A Shah and Deputy Director, National Chemical Laboratory Dr Swaminathan Sivaram as directors on the company's board. - Asian Paints India Ltd has posted a marginal drop in net profit at Rs 29.62 crore for the quarter ended September 30, 2001. 2002 -Revamps its international operations, transferres shares in its subsidiaries in Fiji, Tonga, Solomon Island, Vanuata, Australia and the Sultanate of Oman to the Mauritius based subsidiary Asian Paints International -Executes agreement for purchase of 60% equity capital of SCIB Chemicals S.A.E., Egypt -Launches its $3 million joint venture with Bangladesh-based Confidence Cements in which the holds 51 per cent stake -Acquires controlling stake of 50.1 per cent in Berger International, Singapore, for Rs 58 crore, appoint Jalaj Dani as CEO 2003 -Board recommends issue of bonus shares by capitalisation of Reserves in the ratio of 1 equity share for every 2 equity shares held on the record date -Asian Paints, via its Singapore-based subsidiary - Berger International - inks a technology and brand licensing agreement with PT Abadi Coatings Solusi, an Indonesian paint company -Shareholders approve the Scheme of Arrangement proposed to be made between Pentasia Investment Ltd with Asian Paints India Ltd and the consequential reduction of share capital of Asian Paints India Ltd. -Berger International starts restructuring exercise to curtail cost -Acquires Taubmans Paints (Fiji) Ltd. through its subsidiary in Fiji, Asian Paints (South Pacific) Ltd (APSP) -Acquisition of 9.2% shares in ICI India Ltd. -Asian Paints bags Ken Sharma award 2004 -10th Asian Paints Star Screen Weekly Awards- aura of mystery -Asian Paints launches paint solutions for kids' 2005 -Berger Intl partners with Filipino firm Dutch Boy -Company has changed its name from Asian Paints (India) Ltd. to Asian Paints Ltd. 2006 -Asian Paints - APICL's new mfg plant at Baddi commences commercial production 2008 -Asian Paints launches new campaign 2009 - Asian Paints Ltd has submitted the disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE - Asian Paints Ltd has appointed Shri. S Ramadorai as an Additional Director of the Company pursuant to Section 260 of the Companies Act, 1956. 2010 -Berger International Ltd Singapore (BIL), a subsidiary of Asian Paints Ltd , which is a wholly owned subsidiary of the Company -The Company's new paint plant at Rohtak in the State of Haryana has commenced commercial production -Asian Paints Signed a MOU with Maharashtra Govt. to set up a Mega Project for manufacture of Paints & Intermediate 2011 -Asian Paints to form second Joint Venture with PPG Industries. -Asian Paints - Company's subsidiary, SCIB Chemicals SAE has temporarily restarted the operations of its two plants in Egypt 2012 -Asian Paints - Production at the Company's Plant at Rohtak, Haryana has been restarted 2013 -Asian Paints completes acquisition of Sleek Group -Commencement of commercial production at new plant -Asian Paints has splits its face value from Rs 10/- to 1/- 2014 -Asian Paints Ltd Enters into binding agreement with Ess Ess 2015 -Asian Paints Ltd has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to set up a manufacturing facility for paints and intermediates Vishakhapatnam District, Andhra Pradesh 2017 - Asian Paints to expand paint manufacturing capacity in Guj - Asian Paints arm acquires Sri Lankan firm Causeway Paints - Asian Paints Ltd. - Board recommend Final & Special Dividend - Asian Paints enters into share purchase agreement with ANSA Coatings 2018 -Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2018 (July 2018 Issue). 2019 - Asian Paints Ltd. - Commencement Of Commercial Production At The Company's Vishakhapatnam Plant. -Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2019 (July 2019 Issue). -Included in the Forbes List of World's Best Regarded Companies (Sept 2019). Second Consecutive appearance for Asian Paints in the coveted list 2020 -Asian Paints approved the Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics Private Limited ( Transferor Company ), wholly owned subsidiary of the Company with Asian Paints Limited. 2021 Asian Paints has signed a Memorandum of Understanding with the Government of Gujarat, commencing the proposed expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL and resins and emulsions from 32000 MT to 85000M. 2022 - Asian Paints entered into Share Purchase Agreements and other definitive documents with Aapex Power and Industries Private Ltd. and Harind Chemicals & Pharmaceuticals Private Ltd. for acquisition of majority stake in Harind over the period of next 5 (five) years 2023 -The original installed production capacity of the Khandala plant has been increased to 4,00,000 KL per annum in order to meet the medium-term capacity requirements of the Company.
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Parent Organisation
Asian Paints Ltd.
Founded
24/10/1945
Managing Director
Mr.Amit Syngle
NSE Symbol
ASIANPAINTEQ
FAQ
The current price of Asian Paints Ltd is ₹ 2231.30.
The 52-week high for Asian Paints Ltd is ₹ 2257.20 and the 52-week low is ₹ 2222.50.
The market capitalization of Asian Paints Ltd is currently ₹ 214025.80. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.
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The CEO of Asian Paints Ltd is Mr.Amit Syngle, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.