Asian Paints is a paint company based in India. It is the largest paint company in India and Asia, and the third largest paint company in the world, with a turnover of ₹133.05 billion (US$1.9 billion) in the financial year 2020. It was founded in 1942 and had its headquarters in Mumbai, Maharashtra. Asian Paints manufactures a wide range of paints for decorative and industrial use. Its products include interior and exterior wall paints, wood coatings, varnishes, enamels, distempers and other products. It also offers a range of services such as colour consultancy, painting services, and design solutions.
Asian Paints Stock History
Asian Paints has been listed on the Bombay Stock Exchange (BSE) since 1954. The current share price of the company is around ₹2,798 per share, with a market capitalization of over ₹2,67,313 Crore. The stock has been a consistent performer, with a CAGR (Compound Annual Growth Rate) of over 22% over the last five years. The stock has been buoyed by strong financial performance, with consistent growth in revenues and profits. The company has also been focusing on increasing its presence in international markets and has been expanding its product portfolio.
Asian Paints in recent news
- Subramanian Swamy complained about the illegalities of TOI and Asian Paints group to SEBI.
- Easing raw material prices are likely to relieve the profit margins of Asian paints.
How to buy Asian Paints Stock in India?
You can buy Asian Paints stock in India through any of the leading stockbrokers. To open an account with a broker, you will need to provide your personal details and KYC documents. Once your account is opened and funded, you can place a buy order for Asian Paints stock on the broker’s trading platform. The order will be executed at the best available price and you will receive the stocks in your Demat account. Some of the online platforms selling Asian Paints shares are Zerodha, 5paisa, Upstox, and ICICI Direct.
Asian Paints Price prediction 2023-2030
Asian Paints price target 2023 is 4365 INR
| When | Maximum Price | Minimum Price |
| January 2023 | ₹2,890.00 | ₹2,703.00 |
| February 2023 | ₹3,053.80 | ₹2,502.92 |
| March 2023 | ₹2940.35 | ₹2,577.19 |
| April 2023 | ₹2,884.39 | ₹2,564.91 |
| May 2023 | ₹2,636.99 | ₹2,320.76 |
| June 2023 | ₹2,984.39 | ₹2,464.91 |
| July 2023 | ₹3,221.26 | ₹2,477.89 |
| August 2023 | ₹3,543.39 | ₹2,725.68 |
| September 2023 | ₹3,720.56 | ₹2,861.97 |
| October 2023 | ₹3,543.39 | ₹2,725.68 |
| November 2023 | ₹3,897.73 | ₹2,998.25 |
| December 2023 | ₹4,365.45 | ₹3,358.04 |
According to the estimates from some of the top brokerages, Asian paints share price could hit a price of ₹4,000 to ₹4,500 per share by the end of 2023. This would be a gain of nearly 50% from the current price.
Asian Paints Share price target 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹4,595.22 | ₹3,534.78 |
| February 2024 | ₹5,163.16 | ₹4,302.64 |
| March 2024 | ₹5,434.91 | ₹4,418.62 |
| April 2024 | ₹4,940.83 | ₹3,800.64 |
| May 2024 | ₹4,117.35 | ₹3,167.20 |
| June 2024 | ₹4,940.83 | ₹3,800.64 |
| July 2024 | ₹4,199.70 | ₹3,255.58 |
| August 2024 | ₹4,619.67 | ₹3,666.41 |
| September 2024 | ₹4,850.66 | ₹3,731.27 |
| October 2024 | ₹5,706.65 | ₹4,389.73 |
| November 2024 | ₹5,991.99 | ₹4,609.22 |
| December 2024 | ₹6,111.83 | ₹4,701.40 |
Analysts expect Asian Paints’ stock price to reach Rs 6111 by the end of 2024. This growth is attributed to the company’s focus on quality and innovation, as well as its expanding presence in the international markets.
Asian Paints price target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | ₹6,234.06 | ₹4,795.43 |
| February 2025 | ₹6,562.17 | ₹5,047.82 |
| March 2025 | ₹6,890.28 | ₹5,300.22 |
| April 2025 | ₹6,152.04 | ₹4,732.34 |
| May 2025 | ₹5,592.76 | ₹4,302.12 |
| June 2025 | ₹6,152.04 | ₹4,732.34 |
| July 2025 | ₹5,859.08 | ₹4,506.99 |
| August 2025 | ₹6,103.21 | ₹4,694.78 |
| September 2025 | ₹6,408.37 | ₹4,929.52 |
| October 2025 | ₹6,792.87 | ₹5,225.29 |
| November 2025 | ₹7,268.37 | ₹5,591.06 |
| December 2025 | ₹7,413.74 | ₹5,702.88 |
According to our price estimate, Asian paints share price target for 2025 is as high as ₹7,413 per share by 2025. The minimum predicted price for 2025 is ₹4,302.12.
Asian Paints price target 2026 to 2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹5,189.62 | ₹3,632.73 |
| 2027 | ₹4,411.18 | ₹3,087.82 |
| 2028 | ₹7,940.12 | ₹5,558.08 |
| 2029 | ₹16,310.23 | ₹11,417.16 |
| 2030 | ₹18,163.67 | ₹12,714.57 |
After closing at a dazzling mark of ₹7,413 in 2025, the share prices will fall for two consecutive years and would reach to the mark of ₹3087 in 2027. But the prices will again see a tremendous jump in the next two years and would reach ₹16,310 by the end of 2029 and finally, it will end the decade with a price of ₹18,163.
Asian Paints’ Financial Condition: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | |||
| Sales | 16,824.55 | 19,240.13 | 20,211.25 | 21,712.79 | 29,101.28 | |||
| Expenses | 13,620.54 | 15,475.19 | 16,054.43 | 16,857.19 | 24,297.67 | |||
| Operating Profit | 3,204.01 | 3,764.94 | 4,156.82 | 4,855.60 | 4,803.61 | |||
| Other Income | 336.41 | 273.77 | 355.05 | 331.65 | 295.88 | |||
| Depreciation | 360.47 | 622.14 | 780.50 | 791.27 | 816.36 | |||
| Interest | 41.47 | 110.47 | 102.33 | 91.63 | 95.41 | |||
| Profit before tax | 3,138.48 | 3,306.10 | 3,629.04 | 4,304.35 | 4,187.72 | |||
| Tax | 1,040.96 | 1,098.06 | 854.85 | 1,097.60 | 1,102.91 | |||
| Net profit | 2,038.93 | 2,155.92 | 2,705.17 | 3,139.29 | 3,030.57 | |||
| EPS | 21.26 | 22.48 | 28.20 | 32.73 | 31.59 | |||
| Price to earning | 52.71 | 66.41 | 59.09 | 77.53 | 97.48 | |||
| Price | 1,120.40 | 1,492.70 | 1,666.50 | 2,537.40 | 3,079.95 | |||
| RATIOS: | ||||||||
| Dividend Payout | 40.93% | 46.72% | 42.55% | 54.54% | 60.61% | |||
| OPM | 19.04% | 19.57% | 20.57% | 22.36% | 16.51% |
Asian Paints Share Price Target by Experts
Asian Paints Share Price Target by Anand Rathi
BULLISH:
Anand Rathi recommends purchasing Asian Paints with a target price of Rs 3260.
Asian Paints Share Price Target by ICICI Securities
BEARISH:
ICICI Securities suggests decreasing investment in Asian Paints with a target price of Rs 2650.
Asian Paints Share Price Target by Centrum Broking
BULLISH:
Jain, the AVP of Equity Research Technical and Derivatives at Centrum Broking, advises investors to retain their shares in Asian Paints at 2,900 INR, citing it as a robust resistance level. He further mentioned that a significant shift would be observed upon breaking this level. Jain also stated that the following target is 3,000 INR.
FAQs
Will Asian Paints stock price grow in 2023?
The stock price of Asian Paints is likely to grow in 2023. The company has strong fundamentals and has been consistently performing well. The company also has a presence in international markets and is expanding its product portfolio. In addition, the company is focusing on expanding its distribution network and improving its logistics operations. All these factors are likely to drive the stock price of the company in the future.
What is the market cap of Asian Paints?
The market cap of Asian Paints is ₹2,72,313 Crore as of March 22nd, 2023. The company has been one of the top performers in the Indian stock market, with a CAGR (Compound Annual Growth Rate) of 22% over the last five years. The stock has been buoyed by strong financial performance, with consistent growth in revenues and profits.
What is the Asian Paints share price target for 2025?
Asian Paints is expected to continue its strong performance in the coming years. The company has a strong presence in the Indian market, and is expanding its presence in international markets. It is also focusing on increasing its product portfolio, expanding its distribution network and improving its logistics operations.
Looking at these factors, Asian Paints share price target for 2025 is approximately ₹7,500. Maximum and minimum share price target is ₹7,413.74 and ₹4,302.12 respectively.
Can Asian Paints reach 10,000 INR?
It‘s feasible that Asian Paints could reach a price of 10,000 INR in the year 2029. The company is zeroing in on expanding its presence in overseas markets and enhancing its product selection, which could give it a lift in the future.
What is Asian Paints share price target 2030?
Asian pains is expected to trade in between ₹18,163.67 and ₹12,714.57, by 2030.
Conclusion
Asian Paints is the largest and most successful paint companies in the world. The company has performed consistently in the past, with a CAGR of 22% over the last five years. It is focusing on expanding its presence in the international markets and improving its product portfolio, which could help it reach its target price of 10,000 INR in the future.
For anyone who wants to invest in paints sector, Asian paints should be included in one’s long term portfolio.
Disclaimer: We hold Asian paints shares in our portfolio at the time of writing this article.
Linkedin
