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RESEARCH REPORT ON ASIAN PAINTS LTD

January 24, 2023

RESEARCH REPORT ON ASIAN PAINTS LTD

A 0 - Shyam Advisory

Asian Paints Ltd manufactures paints in the category of Decorative, Automative and Industrial segment. Apart from these the company also manufactures various Acessories like, Wall Primar, Wood Primer, Putty and Stainers etc. The company has a state-of-the-art supply chain system which uses cutting edge technology to integrate all its plants, regional distribution centres, outside processing centres and branches in India. They also have a big and experienced R&D team which has successfully managed to develop High-end exterior finished and wood finishes in-house, which was earlier imported into the country. These products are currently marketed under Asian Paints Elastomeric Hi-Stretch Exterior paint and Asian Paints PU wood finish respectively. Their product range includes Automotive Paints, Decorative Paints, Industrial Paints & Ancillaries – Range of ancillaries like primers, fillers stainers, and a lot more. The company also in the business activities of Paints, Home Improvement.
COMPANY PROFILE

Asian Paints Ltd.

Type Public
Traded as
• BSE: 50082
• NSE: ASIANPAINT
• BSE SENSEX Constituent
• NSE NIFTY 50 Constituent
ISIN
INE021A01026
Industry Chemicals
Founded 1 February 1942; 80 years ago
Founders • Champaklal Choksey
• Chimanlal Choksi
• Suryakant Dani
• Arvind Vakil
Headquarters Mumbai, Maharashtra,
India
Area served Worldwide
Key people • Ashwin Dani (Chairman)
• Manish Choksi (Vice Chairman)
• Amit Syngle (CEO)
• Abhay Vakil (Non Executive Director)
Products • Chemicals
• Decorative paints
• Industrial finishing products
• Coatings
Revenue ₹29,481 crore (US$3.7 billion) (2022)
Operating income
₹4,271 crore (US$530 million) (2022)
Net income
₹3,053 crore (US$380 million) (2022)
Total assets
₹22,984 crore (US$2.9 billion) (2022)
Total equity
₹13,811 crore (US$1.7 billion) (2022)
Number of employees 7,160 (2021)
Website asianpaints.com

Global Presence
Today, the Asian Paints group operates in 15 countries across the world across four regions viz. Asia, Middle East, South Pacific and Africa through the eight corporate brands viz. Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Causeway Paints and Kadisco.
• Asian Paints in India, Bangladesh, Nepal, Sri Lanka and Indonesia (Asia)
• Causeway Paints in Sri Lanka (Asia)
• SCIB Paints in Egypt (Africa)
• Asian Paints Berger in UAE, Bahrain and Oman (Middle East);
• Apco Coatings in Fiji, Tonga, Solomon Islands and Vanuatu (South Pacific)
• Kadisco Asian Paints in Ethiopia (Africa)
• Taubmans in Fiji and Samoa (South Pacific)
 FUNDAMENTALS

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 SHAREHOLDING

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TECHNICAL VIEW

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BUY ASIAN PAINTS AT 2900 TGT 3300, 3550 SL 2550 (2-3 MONTHS)

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FINANCIALS

 REVENUE

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 NET PROFIT

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 EPS

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 BVPS

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 ROE

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 DEBT TO EQUITY

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RATIO ANALYSIS

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Disclaimer: This research report is prepared by Shyam Advisory Limited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only.