Asian Paints Limited

Asian Paints Ltd. manufactures and markets paints and coating products. It operates through the Paints and Home Improvement segments. The Paints segment manufactures and trades paints and related services. The Home Improvement segment engages in the manufacture and trade of bath fitting products and related services. The company was founded by Champaklal H. Choksey, Chimanlal N.Choksi, Suryakant C. Dani and Arvind R. Vakil on February 1, 1942 and is headquartered in Mumbai, India.

Market Share :-

Decorative Segment Paints - 60%

Automotive Coatings - 20%

Main segments of Asian Paints :-

1. Paints

This accounts for 98% of the revenue.

2. Home Improvement

This provides only 2% of the revenue.

Business Subdivisions :-

1. Domestic Decorative Business

• 13% Volume Growth in FY 2020-21

• 8% Value Growth in FY 2020-21

2. International Business

3. Industrial Business

4. Home Improvement Business

• Kitchen Business

• Bath Business

Competitors

• Decorative Painting

Berger Paints Limited

Kansai Nerolac Paints Limited

• Industrial Coating

Berger Paints Limited

Kansai Nerolac Paints Limited

• Paints & Coating

Pidilite Industries Limited

Berger Paints Limited

MRF Limited

• Asian Paints has strong Return on Equity (ROE)

• It has no debt.

• It is generating increasing cash from operations.

• Promoter pledge is low. FIIs & DIIs are buying the stock.

• It is giving better long term returns than the industry.

• The sales growth & profit growth is better than the industry median.