Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Building Materials - Paints Stocks in India

Building Materials - Paints: Asian Paints Ltd owns the largest revenue base; Sirca Paints India Ltd has the fastest current growth.

01 · the index people search for

Nifty Building Materials - Paints Index — Constituents & Performance

The Building Materials - Paints companies below are the listed Indian Building Materials - Paints universe this page tracks — the same constituent set people search for as the Nifty Building Materials - Paints index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Building Materials - Paints moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 9% behind NIFTY 500. Earnings across its companies grew 11% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.

FADING · −3 in 4w✓Moving with the index3 of 7 companies ahead of NIFTY 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS ↑13w · 3/7 >200d (−2) · 3/7 lead (−3) · EPS 5/7↑

20030020262025202420232022 213333 TRAILING 12-MONTH EPS · 100 AT THE START0100131Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 4 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 4 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 117, against 100 at the start · no comparable year yet · 4 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 130, against 100 at the start · up 29.9% on a year ago · 4 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 109, against 100 at the start · up 22.6% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 120, against 100 at the start · up 29.0% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 124, against 100 at the start · up 30.1% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 124, against 100 at the start · up 13.3% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 121, against 100 at the start · up 6.3% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 121, against 100 at the start · down 1.0% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 108, against 100 at the start · down 3.6% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 110, against 100 at the start · down 2.2% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 118, against 100 at the start · up 23.1% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 4.2% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 131, against 100 at the start · up 17.9% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two131 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20030020262025202420232022 213333 TRAILING 12-MONTH EPS · 100 AT THE START0100131Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reporting · thin coverageSep 2022 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 4 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 4 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 117, against 100 at the start · no comparable year yet · 4 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 130, against 100 at the start · up 29.9% on a year ago · 4 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 109, against 100 at the start · up 22.6% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 120, against 100 at the start · up 29.0% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 124, against 100 at the start · up 30.1% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 124, against 100 at the start · up 13.3% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 121, against 100 at the start · up 6.3% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 121, against 100 at the start · down 1.0% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 108, against 100 at the start · down 3.6% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 110, against 100 at the start · down 2.2% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 118, against 100 at the start · up 23.1% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 4.2% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 131, against 100 at the start · up 17.9% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two131No earnings on file this far back — the price series reaches further than the filings do
Building Materials - Paints, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 7 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Building Materials - Paints outperforming NIFTY 500?

Building Materials - Paints has underperformed NIFTY 500 by 8.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 6.8%. 3 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Sirca Paints India Ltd is the strongest against the sector itself at +19.8%.

+6.8%Sector vs NIFTY 500 · 13 weeks
-8.8%Sector vs NIFTY 500 · 52 weeks
3/6Stocks leading NIFTY 500
3/5Stocks leading sector

Sector metric: 7.1 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Building Materials - Paints has underperformed NIFTY 500 by 8.8% over 52 weeks and 6.8% over 13 weeks. 3 of 6 covered companies beat NIFTY on Mansfield relative strength, while 3 of 5 beat the sector itself. Asian Paints Ltd leads with revenue of ₹37,187 crore, based on 6 of 6 comparable companies through Jun 2026.

Companies
6
complete canonical membership
Combined market value
₹3.6 L Cr
Asian Paints Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
3/6
positive Mansfield relative strength
Comparing 5 of 6
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Asian Paints Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.
Kansai Nerolac Paints Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Berger Paints India Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Asian Paints LtdASIANPAINT 68.3/100Favorable setup100% evidence LEADER 30.7/35 Revenue 9.8% · PAT 32.9% · OPM change 3 pp 100% evidence 20.1/25 ROCE 26.3% · OPM 21% 100% evidence 2.6/20 P/E 54× · PEG 4.34 100% evidence 14.9/20 RS sector 7.9% · RS bench 5.5% · 1Y 17.6%11 of 12 weeks ahead 100% evidence
Exact sum: 30.7 + 20.1 + 2.6 + 14.9 = 68.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Sirca Paints India LtdSIRCA 61.5/100Mixed-positive evidence81% evidence ASLEEP 23.9/35 Revenue 24.2% · PAT 28.9% · OPM change -1 pp 95% evidence 12.4/25 ROCE 20.3% · OPM 19% 95% evidence 12.6/20 P/E 35.6× · PEG — 50% evidence 12.6/20 RS sector 19.8% · RS bench -9.3% · 1Y 0.7%0 of 10 weeks ahead 70% evidence
Exact sum: 23.9 + 12.4 + 12.6 + 12.6 = 61.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Berger Paints India LtdBERGEPAINT 46.7/100Mixed-negative evidence96% evidence BREAKING OUT 10.8/35 Revenue 2.9% · PAT -4.7% · OPM change 1 pp 88% evidence 17.5/25 ROCE 21.6% · OPM 17% 100% evidence 4.4/20 P/E 53.6× · PEG 4.15 100% evidence 14.0/20 RS sector 3.4% · RS bench 0.9% · 1Y -6.7%10 of 12 weeks ahead 100% evidence
Exact sum: 10.8 + 17.5 + 4.4 + 14 = 46.7 · Decision use: Price leads the evidence: RS versus the benchmark is 0.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Indigo Paints LtdINDIGOPNTS 45.5/100Mixed-negative evidence90% evidence TURNING 15.0/35 Revenue 4.7% · PAT 3.5% · OPM change -1 pp 88% evidence 15.3/25 ROCE 18.6% · OPM 22% 100% evidence 7.2/20 P/E 35.5× · PEG 5.59 100% evidence 8.0/20 RS sector -16.7% · RS bench 5.7% · 1Y -2.5%8 of 10 weeks ahead 70% evidence
Exact sum: 15 + 15.3 + 7.2 + 8 = 45.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5JSW Dulux LtdJSWDULUX 40.7/100Mixed-negative evidence81% evidence ASLEEP 11.8/35 Revenue -11.6% · PAT 100% · OPM change -2 pp 88% evidence 15.3/25 ROCE 22.7% · OPM 14% 100% evidence 4.8/20 P/E 37.1× · PEG 2.22 100% evidence 8.8/20 RS sector — · RS bench -8.1% · 1Y —0 of 4 weeks ahead 25% evidence
Exact sum: 11.8 + 15.3 + 4.8 + 8.8 = 40.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Kansai Nerolac Paints LtdKANSAINER 38.2/100Mixed-negative evidence78% evidence ASLEEP 13.8/35 Revenue 2.9% · PAT -48.1% · OPM change 2 pp 83% evidence 7.2/25 ROCE 12% · OPM 11% 76% evidence 14.9/20 P/E 27.5× · PEG — 50% evidence 2.3/20 RS sector -9.7% · RS bench -11.9% · 1Y -19.7%8 of 12 weeks ahead 100% evidence
Exact sum: 13.8 + 7.2 + 14.9 + 2.3 = 38.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
05 · what price has already done

Market action

Asian Paints Ltd has the strongest one-year price move in Building Materials - Paints at +17.6%. Indigo Paints Ltd leads on Mansfield relative strength against NIFTY at +5.7%. 3 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Asian Paints Ltd has the highest Revenue among the 6 Building Materials - Paints companies compared here, at ₹37,187 crore. Berger Paints India Ltd is next at ₹11,880 crore. Sirca Paints India Ltd has the highest Revenue growth at 24.2%, so level and change sit with different companies. Its Revenue series carries 20 reported observations across the 20-quarter window.

What the numbers say: Asian Paints Ltd is the scale leader at ₹37,187 crore, 213% ahead of Berger Paints India Ltd. Sirca Paints India Ltd's growth is 24.2% from a ₹508 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAsian Paints Ltd · ₹37,187 crore
Gap213% versus #2 · Berger Paints India Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 106 observations

Investor read: Asian Paints Ltd is the scale benchmark; Sirca Paints India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Asian Paints Ltd's growth falls below Sirca Paints India Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Asian Paints Ltd ASIANPAINT₹37.2K Cr
2Berger Paints India Ltd BERGEPAINT₹11.9K Cr
3Kansai Nerolac Paints Ltd KANSAINER₹8.1K Cr
4JSW Dulux Ltd JSWDULUX₹3.6K Cr
5Indigo Paints Ltd INDIGOPNTS₹1.4K Cr
Revenue growthfastest growers
1Sirca Paints India Ltd SIRCA⚠ unverified24%
2Asian Paints Ltd ASIANPAINT9.8%
3Indigo Paints Ltd INDIGOPNTS4.7%
4Kansai Nerolac Paints Ltd KANSAINER2.9%
5Berger Paints India Ltd BERGEPAINT2.9%
Revenue · company comparison
6/6 level · 6/6 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Asian Paints Ltd ASIANPAINT₹10.5K Cr18%Jun 2026
Berger Paints India Ltd BERGEPAINT₹2.9K Cr6.1%Mar 2026
Kansai Nerolac Paints Ltd KANSAINER₹2.0K Cr7.5%Mar 2026
JSW Dulux Ltd JSWDULUX₹883 Cr-13%Mar 2026
Indigo Paints Ltd INDIGOPNTS₹425 Cr9.5%Mar 2026
Sirca Paints India Ltd SIRCA⚠ unverified₹130 Cr14%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Asian Paints Ltd · ASIANPAINT

₹7.1K Cr
₹8.5K Cr
₹7.8K Cr
₹8.6K Cr
₹8.5K Cr
₹8.6K Cr
₹8.8K Cr
₹9.2K Cr
₹8.5K Cr
₹9.1K Cr
₹8.7K Cr
₹9.0K Cr
₹8.0K Cr
₹8.5K Cr
₹8.4K Cr
₹8.9K Cr
₹8.5K Cr
₹8.9K Cr
₹9.2K Cr
₹10.5K Cr

Berger Paints India Ltd · BERGEPAINT

₹2.2K Cr
₹2.6K Cr
₹2.2K Cr
₹2.8K Cr
₹2.7K Cr
₹2.7K Cr
₹2.4K Cr
₹3.0K Cr
₹2.8K Cr
₹2.9K Cr
₹2.5K Cr
₹3.1K Cr
₹2.8K Cr
₹3.0K Cr
₹2.7K Cr
₹3.2K Cr
₹2.8K Cr
₹3.0K Cr
₹2.9K Cr
—

Indigo Paints Ltd · INDIGOPNTS

₹196 Cr
₹265 Cr
₹288 Cr
₹224 Cr
₹243 Cr
₹281 Cr
₹325 Cr
₹288 Cr
₹279 Cr
₹354 Cr
₹385 Cr
₹311 Cr
₹300 Cr
₹343 Cr
₹388 Cr
₹309 Cr
₹312 Cr
₹359 Cr
₹425 Cr
—

JSW Dulux Ltd · JSWDULUX

₹741 Cr
₹914 Cr
₹867 Cr
₹938 Cr
₹926 Cr
₹987 Cr
₹951 Cr
₹999 Cr
₹956 Cr
₹1.0K Cr
₹973 Cr
₹1.0K Cr
₹982 Cr
₹1.1K Cr
₹1.0K Cr
₹995 Cr
₹835 Cr
₹894 Cr
₹883 Cr
—

Kansai Nerolac Paints Ltd · KANSAINER

—
—
—
—
—
₹1.8K Cr
₹1.7K Cr
₹2.2K Cr
₹2.0K Cr
₹1.9K Cr
₹1.8K Cr
₹2.1K Cr
₹2.0K Cr
₹1.9K Cr
₹1.8K Cr
₹2.2K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
—

Sirca Paints India Ltd · SIRCA⚠ unverified

—
—
—
—
—
₹65 Cr
₹68 Cr
₹73 Cr
₹84 Cr
₹72 Cr
₹83 Cr
₹79 Cr
₹105 Cr
₹89 Cr
₹101 Cr
₹114 Cr
₹131 Cr
₹113 Cr
₹134 Cr
₹130 Cr

Revenue growth · reported quarter history

Asian Paints Ltd · ASIANPAINT

—
—
—
54%
19%
1.3%
13%
6.7%
0.3%
5.4%
-0.6%
-2.3%
-5.3%
-6.1%
-4.3%
-0.4%
6.3%
3.7%
11%
18%

Berger Paints India Ltd · BERGEPAINT

—
—
—
54%
20%
5.6%
12%
9.8%
3.6%
7.0%
3.1%
2.0%
0.3%
3.2%
7.3%
3.6%
1.9%
0.3%
6.1%
—

Indigo Paints Ltd · INDIGOPNTS

—
—
—
44%
24%
6.0%
13%
29%
15%
26%
18%
8.0%
7.5%
-3.1%
0.8%
-0.6%
4.0%
4.7%
9.5%
—

JSW Dulux Ltd · JSWDULUX

—
—
—
50%
25%
8.0%
9.7%
6.5%
3.2%
4.7%
2.3%
3.7%
2.7%
1.7%
4.2%
-4.0%
-15%
-15%
-13%
—

Kansai Nerolac Paints Ltd · KANSAINER

—
—
—
—
—
—
—
—
—
5.0%
2.0%
-1.1%
-0.3%
0.2%
2.7%
1.4%
0.2%
3.1%
7.5%
—

Sirca Paints India Ltd · SIRCA⚠ unverified

—
—
—
—
—
—
—
—
—
11%
22%
8.2%
25%
24%
22%
44%
25%
27%
33%
14%
07 · compare level, then change

Operating Economics & Margin Trend

Indigo Paints Ltd has the highest OPM among the 6 Building Materials - Paints companies compared here, at 22%. Asian Paints Ltd is next at 21%. Asian Paints Ltd has the highest Margin change at +3 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Indigo Paints Ltd leads opm at 22%; Asian Paints Ltd leads margin change at +3 percentage points.

LeaderIndigo Paints Ltd · 22%
Gap4.8% versus #2 · Asian Paints Ltd
Persistence3/8 recent comparable periods
Coverage6/6 companies · 116 observations

Investor read: Indigo Paints Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Indigo Paints Ltd INDIGOPNTS22%
2Asian Paints Ltd ASIANPAINT21%
3Sirca Paints India Ltd SIRCA⚠ unverified19%
4Berger Paints India Ltd BERGEPAINT17%
5JSW Dulux Ltd JSWDULUX14%
Margin changefastest expanders
1Asian Paints Ltd ASIANPAINT+3.0 pp
2Kansai Nerolac Paints Ltd KANSAINER+2.0 pp
3Berger Paints India Ltd BERGEPAINT+1.0 pp
4Indigo Paints Ltd INDIGOPNTS−1.0 pp
5Sirca Paints India Ltd SIRCA⚠ unverified−1.0 pp
Operating margin · company comparison
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Indigo Paints Ltd INDIGOPNTS22%−1.0 ppMar 2026
Asian Paints Ltd ASIANPAINT21%+3.0 ppJun 2026
Sirca Paints India Ltd SIRCA⚠ unverified19%−1.0 ppJun 2026
Berger Paints India Ltd BERGEPAINT17%+1.0 ppMar 2026
JSW Dulux Ltd JSWDULUX14%−2.0 ppMar 2026
Kansai Nerolac Paints Ltd KANSAINER11%+2.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Asian Paints Ltd · ASIANPAINT

13%
18%
18%
18%
15%
19%
21%
23%
20%
23%
19%
19%
15%
19%
17%
18%
18%
20%
19%
21%

Berger Paints India Ltd · BERGEPAINT

16%
15%
16%
15%
14%
13%
14%
18%
17%
17%
14%
17%
16%
16%
16%
17%
12%
16%
17%
—

Indigo Paints Ltd · INDIGOPNTS

12%
15%
19%
16%
14%
14%
22%
17%
15%
18%
22%
15%
14%
17%
23%
14%
15%
19%
22%
—

JSW Dulux Ltd · JSWDULUX

13%
14%
14%
13%
11%
14%
16%
16%
15%
16%
17%
16%
15%
16%
16%
14%
13%
15%
14%
—

Kansai Nerolac Paints Ltd · KANSAINER

10%
12%
5.5%
12%
10%
11%
10%
15%
14%
13%
10%
15%
11%
12%
9.0%
14%
11%
12%
11%
—

Sirca Paints India Ltd · SIRCA⚠ unverified

22%
23%
17%
25%
26%
22%
19%
24%
25%
19%
20%
18%
18%
17%
19%
20%
21%
20%
19%
19%

Margin change · reported quarter history

Asian Paints Ltd · ASIANPAINT

−10.9 pp
−8.3 pp
−1.5 pp
+1.8 pp
+1.8 pp
+0.9 pp
+2.7 pp
+4.9 pp
+5.5 pp
+4.0 pp
−2.0 pp
−4.0 pp
−5.0 pp
−4.0 pp
−2.0 pp
−1.0 pp
+3.0 pp
+1.0 pp
+2.0 pp
+3.0 pp

Berger Paints India Ltd · BERGEPAINT

−3.3 pp
−4.2 pp
−0.7 pp
+1.5 pp
−2.3 pp
−2.4 pp
−1.8 pp
+3.3 pp
+3.4 pp
+4.0 pp
0.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
+2.0 pp
0.0 pp
−4.0 pp
0.0 pp
+1.0 pp
—

Indigo Paints Ltd · INDIGOPNTS

−6.9 pp
−0.5 pp
+1.8 pp
+2.8 pp
+2.0 pp
−0.6 pp
+3.4 pp
+1.3 pp
+1.1 pp
+4.0 pp
0.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
+1.0 pp
+2.0 pp
−1.0 pp
—

JSW Dulux Ltd · JSWDULUX

−4.4 pp
−3.4 pp
−0.8 pp
−1.6 pp
−1.3 pp
+0.5 pp
+2.2 pp
+3.1 pp
+3.5 pp
+1.5 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
−2.0 pp
−2.0 pp
−1.0 pp
−2.0 pp
—

Kansai Nerolac Paints Ltd · KANSAINER

−9.4 pp
−7.4 pp
−9.2 pp
−1.2 pp
+0.3 pp
−0.7 pp
+4.5 pp
+2.6 pp
+3.7 pp
+2.0 pp
0.0 pp
0.0 pp
−3.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
0.0 pp
0.0 pp
+2.0 pp
—

Sirca Paints India Ltd · SIRCA⚠ unverified

+36.5 pp
+3.9 pp
−2.2 pp
+16.1 pp
+4.1 pp
−0.7 pp
+1.6 pp
−1.0 pp
−1.3 pp
−3.0 pp
+1.0 pp
−6.0 pp
−7.0 pp
−2.0 pp
−1.0 pp
+2.0 pp
+3.0 pp
+3.0 pp
0.0 pp
−1.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Asian Paints Ltd has the highest Net profit among the 6 Building Materials - Paints companies compared here, at ₹4,836 crore. JSW Dulux Ltd is next at ₹1,974 crore. JSW Dulux Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Asian Paints Ltd leads with ₹4,836 crore of TTM profit, 145% above JSW Dulux Ltd. JSW Dulux Ltd shows ≥100% on the scoring scale (359.1% uncapped) growth from a ₹1,974 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAsian Paints Ltd · ₹4,836 crore
Gap145% versus #2 · JSW Dulux Ltd
Persistence3/8 recent comparable periods
Coverage6/6 companies · 106 observations

Investor read: Asian Paints Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Asian Paints Ltd ASIANPAINT₹4.8K Cr
2JSW Dulux Ltd JSWDULUX₹2.0K Cr
3Berger Paints India Ltd BERGEPAINT₹1.1K Cr
4Kansai Nerolac Paints Ltd KANSAINER₹576 Cr
5Indigo Paints Ltd INDIGOPNTS₹147 Cr
Profit growthfastest growers
1JSW Dulux Ltd JSWDULUX100%
2Asian Paints Ltd ASIANPAINT33%
3Sirca Paints India Ltd SIRCA⚠ unverified29%
4Indigo Paints Ltd INDIGOPNTS3.5%
5Berger Paints India Ltd BERGEPAINT-4.7%
Net profit · company comparison
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Asian Paints Ltd ASIANPAINT₹1.6K Cr40%Jun 2026
Berger Paints India Ltd BERGEPAINT₹335 Cr27%Mar 2026
JSW Dulux Ltd JSWDULUX₹126 Cr17%Mar 2026
Kansai Nerolac Paints Ltd KANSAINER₹110 Cr7.8%Mar 2026
Indigo Paints Ltd INDIGOPNTS₹59 Cr3.5%Mar 2026
Sirca Paints India Ltd SIRCA⚠ unverified₹16 Cr14%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Asian Paints Ltd · ASIANPAINT

₹605 Cr
₹1.0K Cr
₹874 Cr
₹1.0K Cr
₹804 Cr
₹1.1K Cr
₹1.3K Cr
₹1.6K Cr
₹1.2K Cr
₹1.5K Cr
₹1.3K Cr
₹1.2K Cr
₹694 Cr
₹1.1K Cr
₹701 Cr
₹1.1K Cr
₹1.0K Cr
₹1.1K Cr
₹1.2K Cr
₹1.6K Cr

Berger Paints India Ltd · BERGEPAINT

₹219 Cr
₹253 Cr
₹221 Cr
₹253 Cr
₹219 Cr
₹201 Cr
₹186 Cr
₹355 Cr
₹292 Cr
₹300 Cr
₹223 Cr
₹354 Cr
₹270 Cr
₹296 Cr
₹263 Cr
₹315 Cr
₹206 Cr
₹271 Cr
₹335 Cr
—

Indigo Paints Ltd · INDIGOPNTS

₹14 Cr
₹24 Cr
₹35 Cr
₹20 Cr
₹37 Cr
₹26 Cr
₹49 Cr
₹32 Cr
₹25 Cr
₹38 Cr
₹54 Cr
₹27 Cr
₹22 Cr
₹36 Cr
₹57 Cr
₹26 Cr
₹25 Cr
₹37 Cr
₹59 Cr
—

JSW Dulux Ltd · JSWDULUX

₹56 Cr
₹84 Cr
₹75 Cr
₹77 Cr
₹65 Cr
₹97 Cr
₹95 Cr
₹110 Cr
₹94 Cr
₹114 Cr
₹109 Cr
₹115 Cr
₹98 Cr
₹109 Cr
₹108 Cr
₹91 Cr
₹1.7K Cr
₹74 Cr
₹126 Cr
—

Kansai Nerolac Paints Ltd · KANSAINER

—
—
—
—
—
₹109 Cr
₹96 Cr
₹734 Cr
₹175 Cr
₹152 Cr
₹114 Cr
₹225 Cr
₹120 Cr
₹662 Cr
₹102 Cr
₹216 Cr
₹133 Cr
₹117 Cr
₹110 Cr
—

Sirca Paints India Ltd · SIRCA⚠ unverified

—
—
—
—
—
₹11 Cr
₹9 Cr
₹13 Cr
₹16 Cr
₹11 Cr
₹13 Cr
₹10 Cr
₹13 Cr
₹11 Cr
₹14 Cr
₹14 Cr
₹18 Cr
₹15 Cr
₹18 Cr
₹16 Cr

Profit growth · reported quarter history

Asian Paints Ltd · ASIANPAINT

—
—
—
80%
33%
6.4%
44%
52%
53%
34%
1.4%
-25%
-44%
-24%
-45%
-5.9%
47%
-4.8%
69%
40%

Berger Paints India Ltd · BERGEPAINT

—
—
—
79%
0.0%
-21%
-16%
40%
33%
49%
20%
-0.3%
-7.5%
-1.3%
18%
-11%
-24%
-8.5%
27%
—

Indigo Paints Ltd · INDIGOPNTS

—
—
—
67%
164%
8.3%
40%
60%
-32%
46%
10%
-16%
-12%
-5.3%
5.6%
-3.7%
14%
2.8%
3.5%
—

JSW Dulux Ltd · JSWDULUX

—
—
—
1.3%
16%
15%
27%
43%
45%
18%
15%
4.6%
4.3%
-4.4%
-0.9%
-21%
1,617%
-32%
17%
—

Kansai Nerolac Paints Ltd · KANSAINER

—
—
—
—
—
—
—
—
—
39%
19%
-69%
-31%
336%
-11%
-4.0%
11%
-82%
7.8%
—

Sirca Paints India Ltd · SIRCA⚠ unverified

—
—
—
—
—
—
—
—
—
0.0%
44%
-23%
-19%
0.0%
7.7%
40%
38%
36%
29%
14%
09 · compare level, then change

Return On Capital Employed

Asian Paints Ltd has the highest ROCE among the 6 Building Materials - Paints companies compared here, at 26.3%. JSW Dulux Ltd is next at 22.7%. The same company also holds the highest ROCE change, at +4.6 percentage points. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Asian Paints Ltd leads ROCE at 26.3%, 3.6 percentage points above JSW Dulux Ltd. Asian Paints Ltd has the strongest latest improvement at +4.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAsian Paints Ltd · 26.3%
Gap15.9% versus #2 · JSW Dulux Ltd
Persistence1/8 recent comparable periods
Coverage6/6 companies · 76 observations

Investor read: Asian Paints Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Asian Paints Ltd ASIANPAINT26%
2JSW Dulux Ltd JSWDULUX23%
3Berger Paints India Ltd BERGEPAINT22%
4Sirca Paints India Ltd SIRCA⚠ unverified20%
5Indigo Paints Ltd INDIGOPNTS19%
ROCE changefastest improvers
1Asian Paints Ltd ASIANPAINT+4.6 pp
2Sirca Paints India Ltd SIRCA⚠ unverified+1.7 pp
3Indigo Paints Ltd INDIGOPNTS−0.2 pp
4Kansai Nerolac Paints Ltd KANSAINER−1.0 pp
5Berger Paints India Ltd BERGEPAINT−3.3 pp
Return on capital · company comparison
6/6 level · 6/6 change

Withheld from this chart: Kansai Nerolac Paints Ltd (KANSAINER) — its two data sources disagree by up to 5.8% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Asian Paints Ltd ASIANPAINT29%+4.6 ppJun 2026
JSW Dulux Ltd JSWDULUX20%−18.6 ppMar 2026
Berger Paints India Ltd BERGEPAINT19%−3.3 ppMar 2026
Sirca Paints India Ltd SIRCA⚠ unverified17%+1.7 ppJun 2026
Indigo Paints Ltd INDIGOPNTS15%−0.2 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Asian Paints Ltd · ASIANPAINT

29%
—
26%
—
31%
—
31%
—
34%
44%
32%
36%
28%
30%
22%
24%
22%
26%
22%
29%

Berger Paints India Ltd · BERGEPAINT

29%
—
26%
—
28%
—
25%
—
28%
32%
26%
30%
23%
27%
23%
25%
21%
22%
19%
—

Indigo Paints Ltd · INDIGOPNTS

15%
—
16%
—
18%
—
18%
—
19%
24%
19%
22%
17%
20%
16%
19%
15%
19%
15%
—

JSW Dulux Ltd · JSWDULUX

25%
—
26%
—
29%
—
30%
—
35%
40%
37%
40%
35%
38%
38%
37%
21%
118%
20%
—

Sirca Paints India Ltd · SIRCA⚠ unverified

16%
—
15%
—
20%
—
22%
—
22%
25%
20%
23%
17%
21%
16%
21%
15%
21%
17%
—

ROCE change · reported quarter history

Asian Paints Ltd · ASIANPAINT

—
—
—
—
+2.0 pp
—
+4.6 pp
—
+3.1 pp
—
+1.0 pp
—
−6.3 pp
−13.8 pp
−9.1 pp
−12.0 pp
−6.2 pp
−4.3 pp
−0.8 pp
+4.6 pp

Berger Paints India Ltd · BERGEPAINT

—
—
—
—
−1.1 pp
—
−0.6 pp
—
−0.7 pp
—
+0.5 pp
—
−4.1 pp
−5.2 pp
−3.2 pp
−4.6 pp
−2.7 pp
−4.9 pp
−3.3 pp
—

Indigo Paints Ltd · INDIGOPNTS

—
—
—
—
+3.1 pp
—
+2.9 pp
—
+0.9 pp
—
+0.5 pp
—
−1.6 pp
−4.3 pp
−3.3 pp
−3.4 pp
−1.8 pp
−1.1 pp
−0.2 pp
—

JSW Dulux Ltd · JSWDULUX

—
—
—
—
+3.5 pp
—
+4.5 pp
—
+6.2 pp
—
+7.1 pp
—
+0.2 pp
−1.6 pp
+0.8 pp
−2.6 pp
−14.6 pp
+79.8 pp
−18.6 pp
—

Sirca Paints India Ltd · SIRCA⚠ unverified

—
—
—
—
+4.7 pp
—
+7.1 pp
—
+1.4 pp
—
−1.8 pp
—
−4.4 pp
−3.6 pp
−4.8 pp
−2.5 pp
−2.0 pp
−0.8 pp
+1.7 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

JSW Dulux Ltd has the lowest PEG among the 6 Building Materials - Paints companies compared here, at 2.22×. Berger Paints India Ltd is next at 4.15×. Kansai Nerolac Paints Ltd has the lowest P/E at 27.5×, so level and change sit with different companies. 4 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: JSW Dulux Ltd has the lowest comparable PEG at 2.22×, 46.5% below Berger Paints India Ltd. Only 4 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderJSW Dulux Ltd · 2.22×
Gap46.5% versus #2 · Berger Paints India Ltd
Persistence0/8 recent comparable periods
Coverage4/6 companies · 42 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1JSW Dulux Ltd JSWDULUX2.2
2Berger Paints India Ltd BERGEPAINT4.2
3Asian Paints Ltd ASIANPAINT4.3
4Indigo Paints Ltd INDIGOPNTS5.6
P/Elowest P/E
1Kansai Nerolac Paints Ltd KANSAINER27.5
2Indigo Paints Ltd INDIGOPNTS35.5
3Sirca Paints India Ltd SIRCA⚠ unverified35.6
4JSW Dulux Ltd JSWDULUX37.1
5Berger Paints India Ltd BERGEPAINT53.6
Valuation · company comparison
4/6 level · 6/6 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Indigo Paints Ltd INDIGOPNTS5.623.4Mar 2026
Asian Paints Ltd ASIANPAINT4.357.1Jun 2026
Berger Paints India Ltd BERGEPAINT4.243.1Mar 2026
JSW Dulux Ltd JSWDULUX2.235.5Mar 2026
Kansai Nerolac Paints Ltd KANSAINER—22.3Mar 2026
Sirca Paints India Ltd SIRCA⚠ unverified—35.3Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Asian Paints Ltd · ASIANPAINT

3.2
2.3
9.4
—
—
5.0
2.7
2.3
2.2
1.8
1.2
1.6
6.9
—
—
—
—
—
—
4.3

Berger Paints India Ltd · BERGEPAINT

—
—
2.4
4.5
—
4.9
7.1
—
—
7.5
2.2
1.4
2.9
4.2
—
—
—
—
—
—

Indigo Paints Ltd · INDIGOPNTS

—
5.7
2.4
—
—
6.5
0.9
0.9
—
1.3
4.2
—
6.2
—
5.6
—
—
—
—
—

JSW Dulux Ltd · JSWDULUX

1.2
—
—
—
2.0
2.1
1.2
0.8
0.7
1.8
0.8
1.1
2.3
3.7
—
—
—
—
2.2
—

P/E · reported quarter history

Asian Paints Ltd · ASIANPAINT

94.8
99.7
96.4
86.0
89.6
78.7
69.3
78.0
65.1
64.2
50.1
51.3
62.5
46.4
51.5
57.6
58.4
65.5
51.9
57.1

Berger Paints India Ltd · BERGEPAINT

96.6
89.0
81.5
69.3
63.4
59.7
63.2
76.7
69.0
68.2
59.0
50.3
61.7
45.0
51.1
57.6
52.0
57.2
43.1
—

Indigo Paints Ltd · INDIGOPNTS

177.0
136.4
90.9
71.9
61.6
52.6
36.4
47.5
53.6
53.8
42.0
44.4
49.2
45.5
32.4
39.0
36.7
37.3
23.4
—

JSW Dulux Ltd · JSWDULUX

33.1
31.8
30.6
28.1
34.7
33.8
33.5
33.1
31.0
29.9
26.3
30.3
39.9
35.7
38.1
36.2
37.6
36.3
35.5
—

Kansai Nerolac Paints Ltd · KANSAINER

55.5
59.6
53.4
57.7
65.8
56.0
51.6
51.9
46.9
44.1
32.3
33.3
36.9
33.9
28.7
32.1
31.2
29.5
22.3
—

Sirca Paints India Ltd · SIRCA⚠ unverified

48.3
43.2
34.7
43.4
43.9
44.4
41.3
41.1
45.0
46.4
32.2
34.2
38.5
39.9
27.9
42.7
50.0
46.6
38.1
35.3
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Building Materials - Paints comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 6 Building Materials - Paints companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 1 unverified · 1 withheld, of 6 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Building Materials - Paints company comparison FAQs

These 24 answers restate the Building Materials - Paints comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Building Materials - Paints sector outperforming NIFTY 500?

Building Materials - Paints has underperformed NIFTY 500 by 8.8% over 52 weeks and 6.8% over 13 weeks. 3 of 6 covered companies beat NIFTY on Mansfield relative strength, while 3 of 5 beat the sector itself.

Which Building Materials - Paints company is largest by revenue?

Asian Paints Ltd leads with revenue of ₹37,187 crore, based on 6 of 6 comparable companies through Jun 2026.

Which Building Materials - Paints company is growing fastest?

Sirca Paints India Ltd has the fastest current revenue growth at 24.2%, across 6 of 6 comparable companies.

Which Building Materials - Paints company has the strongest 4-Factor Sector Score?

Asian Paints Ltd ranks first at 68.3/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Building Materials - Paints company has the lowest comparable PEG?

JSW Dulux Ltd has the lowest comparable PEG at 2.22, among 4 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Building Materials - Paints comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Building Materials - Paints index?

The Nifty Building Materials - Paints index tracks India's listed Building Materials - Paints companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Building Materials - Paints sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Building Materials - Paints stocks in India?

Ranked by this page's four-factor score, Asian Paints Ltd places first among 6 listed Building Materials - Paints companies, followed by Sirca Paints India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Building Materials - Paints stocks are listed in India?

This comparison covers 6 listed Building Materials - Paints companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Building Materials - Paints company is the biggest?

Asian Paints Ltd is the largest, with trailing-twelve-month revenue of ₹37,187 crore, ahead of Berger Paints India Ltd at ₹11,880 crore. That covers 6 of 6 companies with comparable reporting through Jun 2026.

Which Building Materials - Paints company has the best profit margins?

Indigo Paints Ltd has the highest operating margin at 22%, from 6 of 6 comparable companies. Asian Paints Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Building Materials - Paints company makes the most profit?

Asian Paints Ltd earns the most, at ₹4,836 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. JSW Dulux Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Building Materials - Paints company earns the highest return on capital?

Asian Paints Ltd leads on return on capital employed at 26.3%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Building Materials - Paints stock is the cheapest?

On PEG — where a LOWER number is cheaper — JSW Dulux Ltd screens cheapest at 2.22×. Only 4 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Building Materials - Paints sector beating the market?

Building Materials - Paints has underperformed NIFTY 500 by 8.8% over the last 52 weeks and 6.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Building Materials - Paints stock has the strongest price momentum?

Indigo Paints Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Building Materials - Paints company scores highest for research priority?

Asian Paints Ltd scores 68.3 out of 100 with 100% evidence confidence, from 30.7 points on growth and earnings, 20.1 on capital efficiency, 2.6 on valuation and 14.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Building Materials - Paints companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Building Materials - Paints sector?

The 6 Building Materials - Paints companies on this page carry ₹3,61,194 crore of combined market value. Asian Paints Ltd is the largest at ₹2,63,520 crore, about 73% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Building Materials - Paints sector's P/E ratio?

The median price-to-earnings ratio across the 6 Building Materials - Paints companies on this page is 37.1×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Building Materials - Paints sector performing?

3 of the 6 covered Building Materials - Paints companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 8.8% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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