One of the top paint manufacturers in India, Asian Paints Ltd. is based in Mumbai. Since its founding in 1942, the business has expanded to become a multinational corporation with operations in more than 15 nations. Asian Paints has a reputation for producing high-quality, creative products and has won multiple honours for its work in the paint industry.
The company offers a wide range of goods, including powder coatings, automotive coatings, ornamental paints, and industrial coatings. Asian Paints is a one-stop shop for all painting needs thanks to its extensive service menu, which includes things like colour consultation and residential painting.
Asian Paints has established a solid reputation for its dedication to sustainability and social responsibility over the years.
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ASIAN PAINTS IN RECENT NEWS
- Anticipated Asian Paints Q1 results: Expected net profit surge of 29% to reach Rs 1,336 crore, with a potential 300 basis points improvement in margins.
- Asian Paints Ltd has announced its acquisition of an additional 11% stake in Mumbai-based home decor company, White Teak, for a total of ₹54 crore.
- Disclosures related to acquisitions under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011 have been updated as per Regulation 10(5).
- Jefferies, an international brokerage firm, believes that Grasim’s entry into the paint industry could heighten competition for Asian Paints. Asian Paints currently holds the leading position in the Indian paint and decor manufacturing sector, based on market share.
ASIAN PAINTS SHARE PRICE TARGET 2023
| ASIAN PAINTS SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| September 2023 | ₹3,362.80 | ₹2,356.00 |
| October 2023 | ₹4,155.04 | ₹3,196.19 |
| November 2023 | ₹4,570.55 | ₹3,515.81 |
| December 2023 | ₹5,119.01 | ₹3,937.70 |
Asian Paints Ltd’s share price will experience a bullish uptrend in 2023. The maximum price for the stock is expected to reach ₹5,119.01 in December 2023, which represents a growth percentage of over 50% from the minimum price of ₹2,356.00 in September 2023.
Furthermore, the company’s share price is expected to reach a maximum price of ₹4,570.55 in November 2023, representing a significant increase from the minimum price of ₹3,515.81 in November.
Overall, the table indicates a positive outlook for the company’s share price in 2023, with a projected growth rate of over 50%. This forecast may be attributed to the company’s strong reputation in the paint industry, innovative product portfolio, and commitment to sustainability, all of which may contribute to continued success and growth.
ASIAN PAINTS SHARE PRICE TARGET 2024
| ASIAN PAINTS SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹5,388.43 | ₹4,857.46 |
| February 2024 | ₹6,054.42 | ₹5,045.35 |
| March 2024 | ₹6,373.08 | ₹5,181.36 |
| April 2024 | ₹5,793.70 | ₹4,456.70 |
| May 2024 | ₹4,828.09 | ₹3,713.91 |
| June 2024 | ₹5,793.70 | ₹4,456.70 |
| July 2024 | ₹4,924.65 | ₹3,817.56 |
| August 2024 | ₹5,417.11 | ₹4,299.30 |
| September 2024 | ₹5,687.97 | ₹4,375.36 |
| October 2024 | ₹6,691.73 | ₹5,147.48 |
| November 2024 | ₹7,026.32 | ₹5,404.86 |
| December 2024 | ₹7,166.84 | ₹5,512.96 |
According to the data, it is forecasted that the company’s share price will experience significant growth throughout the year. The maximum price target for the year is ₹7,166.84, expected to be reached in December 2024, while the minimum price target is ₹1,037.03, expected to be reached in January 2024.
The company’s share price is predicted to reach a maximum of ₹7,026.32 in November 2024, representing a significant increase from the minimum price of ₹5,404.86 in the same month. Additionally, the maximum price target for the month of October is expected to be ₹6,691.73, whereas the minimum price target for the same month is ₹5,147.48
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ASIAN PAINTS SHARE PRICE TARGET 2025
| ASIAN PAINTS SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹7,310.18 | ₹5,623.21 |
| February 2025 | ₹7,694.92 | ₹5,919.17 |
| March 2025 | ₹8,079.67 | ₹6,215.13 |
| April 2025 | ₹7,213.99 | ₹5,549.22 |
| May 2025 | ₹6,558.17 | ₹5,044.75 |
| June 2025 | ₹7,213.99 | ₹5,549.22 |
| July 2025 | ₹6,870.47 | ₹5,284.98 |
| August 2025 | ₹7,156.74 | ₹5,505.18 |
| September 2025 | ₹7,514.57 | ₹5,780.44 |
| October 2025 | ₹7,965.45 | ₹6,127.27 |
| November 2025 | ₹8,523.03 | ₹6,556.18 |
| December 2025 | ₹8,693.49 | ₹6,687.30 |
According to the data, it is evident that the bullish trend in Asian Paints Ltd’s share price is expected to continue in 2025. The maximum share price target for the year is ₹8,693.49, which is a significant increase from the previous year’s maximum price. Additionally, the minimum price target for the year is ₹5,623.21, indicating a potential growth of over 30% from the previous year’s minimum price.
Furthermore, the uptrend is expected to continue throughout the year, with the share price potentially reaching a maximum of ₹8,523.03 in November 2025. The minimum price for the year is expected to be ₹5,044.75 in May 2025. The growth potential for the year is significant, and investors could potentially benefit from investing in Asian Paints Ltd in 2025.
ASIAN PAINTS SHARE PRICE TARGET 2026 TO 2030
| ASIAN PAINTS SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹6,085.44 | ₹4,259.81 |
| 2027 | ₹5,172.63 | ₹3,620.84 |
| 2028 | ₹9,310.73 | ₹6,517.51 |
| 2029 | ₹19,125.68 | ₹13,387.98 |
| 2030 | ₹21,299.05 | ₹14,909.34 |
Looking ahead to the future, the maximum and minimum share price targets for Asian Paints Ltd in the years 2026 to 2030 are expected to fluctuate significantly. In 2026, the maximum price target is forecasted to be ₹6,085.44, while the minimum price target is expected to be ₹4,259.81. In 2027, the maximum and minimum price targets are projected to be ₹5,172.63 and ₹3,620.84, respectively. The year 2028 is anticipated to be a bullish year for the company, with the maximum price target reaching ₹9,310.73 and the minimum target at ₹6,517.51. In 2029, the maximum and minimum price targets are predicted to reach ₹19,125.68 and ₹13,387.98, respectively, showing a significant uptrend for the company. The upward trend is expected to continue in 2030, with a maximum price target of ₹21,299.05 and a minimum price target of ₹14,909.34. Investors who are looking for a long-term bullish opportunity may want to consider Asian Paints Ltd as a potential investment option.
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FINANCIAL STRENGTH OF ASIAN PAINTS LTD (2019 TO 2023)
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (in Rs Crore) | 19,240 | 20,211 | 21,713 | 29,101 | 34,489 |
| Expenses (in Rs Crore) | 15,475 | 16,054 | 16,857 | 24,298 | 28,229 |
| Operating Profit (in Rs Crore) | 3,765 | 4,157 | 4,856 | 4,804 | 6,260 |
| OPM % | 20% | 21% | 22% | 17% | 18% |
| Other Income (in Rs Crore) | 274 | 355 | 332 | 296 | 431 |
| Interest (in Rs Crore) | 110 | 102 | 92 | 95 | 144 |
| Depreciation (in Rs Crore) | 622 | 780 | 791 | 816 | 858 |
| Profit Before Tax (in Rs Crore) | 3,306 | 3,629 | 4,304 | 4,188 | 5,689 |
| Tax % | 33% | 24% | 26% | 26% | 26% |
| Net Profit (in Rs Crore) | 2,208 | 2,774 | 3,207 | 3,085 | 4,195 |
| EPS (in Rs) | 22.48 | 28.20 | 32.73 | 31.59 | 42.81 |
| Dividend Payout % | 47% | 43% | 55% | 61% | 60% |
Over the past five years, Asian Paints has displayed a consistent growth trajectory and financial resilience.
- Strong Revenue Growth: Asian Paints recorded substantial sales growth, with revenues surging from Rs 19,240 crore in March 2019 to Rs 34,489 crore in March 2023, reflecting an impressive CAGR.
- Profitability: The company consistently improved its operating profit margin (OPM) from 20% in 2019 to 18% in 2023, indicating efficient cost management.
- Diversified Income: Other income also showed an upward trend, reaching Rs 431 crore in March 2023, contributing to overall profitability.
- Net Profit: Asian Paints maintained a consistent net profit growth trajectory, with net profit growing from Rs 2,208 crore in 2019 to Rs 4,195 crore in 2023, signifying the company’s financial stability.
- Earnings per Share (EPS): The EPS saw substantial growth over the years, rising to Rs 42.81 in March 2023, indicating enhanced earnings for shareholders.
- Dividend Payout: The company maintained a moderate dividend payout ratio, with the payout percentage fluctuating between 43% and 61%, reflecting a balance between rewarding shareholders and reinvesting in the business.
In summary, Asian Paints has demonstrated robust financial performance over the last five years, marked by consistent revenue growth, improved profitability, and enhanced earnings per share, making it a noteworthy player in the paint and decor industry.
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ASIAN PAINTS LTD SHARE PRICE TARGET BY EXPERTS:
- Sharekhan is bullish on Asian Paints, suggesting a buy recommendation with a target price of Rs 3,510.(may 13,2023)
- Anand Rathi holds a bullish outlook for Asian Paints, advising investors to buy the stock with a target price of Rs 3,260.(march 15,2023)
- ICICI Securities, on the other hand, has a bearish view on Asian Paints, recommending a reduction in investment with a target price of Rs 2,650.(march 13,2023)
POINTS TO KEEP IN MIND WHILE INVESTING IN ASIAN PAINTS LTD:
- The company has a strong track record of delivering a 3-year average Return on Equity (ROE) of 26.1%.
- The company consistently maintains a robust dividend payout ratio of 58.4%.
- The stock is currently trading at a valuation of 19.4 times its book value.
FAQ’s
The maximum share price target of Asian Paints in 2025 is Rs. ₹8,693.49
The maximum share price target of Asian Paints in 2028 is Rs. 9310.73
The maximum share price target of Asian Paints in 2029 is Rs. 19125.68
The maximum share price target of Asian Paints in 2030 is Rs. 21299.75
CONCLUSION: ASIAN PAINTS LTD
According to Asian Paints financial statements over the previous five years, both revenue and profit have consistently increased. In comparison to the prior year, the company’s fiscal year 2022 revenue increased at an impressive rate of 33.91%, and its operating profit margin was 15%. Although though PAT growth has slowed down in the same fiscal year by 3.46%, the business has managed to keep a respectable 10.41% net profit margin. Asian Paints has a solid history of sales and profit growth overall, making it a desirable option for investors seeking steady profits over the long term. Thus, it can be said that Asian Paints shares may be an excellent choice for investors.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.