Asian Paints share price today

Asian Paints Ltd's share price was ₹2,418.30 at the close on 4 November 2026. It has been falling for 4 weeks. That is 4.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,169 and ₹2,969, and at that close it sat 31% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Asian Paints Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 18 weeks running.

Over the last 11 years the share price moved +169% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 3 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: lowest operating margin in 8 quarters and revenue up on a year earlier for 5 quarters in a row.

1. Lowest operating margin in 8 quarters

   Operating margin was 16% in the September 2026 quarter, against 18% a year earlier.

   Why: Margins fell because the price increases did not fully cover higher raw material costs.

   Next results: check whether the November price increase and cost savings help margins recover from the seasonal low.

   From the earnings call on 29 Oct 2026.

2. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹9,977 crore, +16.9% on a year earlier.

   Why: Revenue rose because the company sold more paint even after steep price increases, and those price increases lifted the value of each sale.

   Next results: check whether festive and wedding season demand lifts paint volumes as management expects.

   From the earnings call on 29 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Asian Paints reported revenue of ₹9,977 crore, up 16.9% from ₹8,531 crore a year earlier, and a profit of ₹1,085 crore, up 6.6% from ₹1,018 crore.

Asian Paints results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Asian Paints' management discussed these results on a call held on 29 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Asian Paints closed at ₹2,418.30 on 4 November 2026, down 7.5% from ₹2,613.80 a year earlier (7 November 2025) and down 23.5% over five years. Its highest weekly close since March 2016 was ₹3,576.30 on 7 January 2022.

Asian Paints share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: ex-date for an interim dividend of ₹5.75 a share. 4 Nov 2026: Asian Paints closed at ₹2,418.30, up 4.2% on the week and up 0.5% on the month.

Earlier

• 29 Oct 2026: Asian Paints held its results call for July to September 2026. Management guided: November price increase of 3.5 percent already announced including anti dumping impact.
• Results for July to September 2026: Revenue up 16.9% and profit up 6.6% on a year earlier.
• 23 Jun 2026: ex-date for a dividend of ₹23 a share.
• 18 Nov 2025: ex-date for an interim dividend of ₹4.50 a share.

Asian Paints paid ₹33.25 a share in regular dividends in the 12 months to 5 November 2026 (3 payments), a yield of 1.37% at the ₹2,418.30 close on 4 November 2026. The last was an interim dividend of ₹5.75 a share, ex-date 4 November 2026.

Asian Paints dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Asian Paints Ltd paid out 61% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 29 October 2026, Asian Paints' management guided: November price increase of 3.5 percent already announced including anti dumping impact.

“Overall volumes, despite the very high inflationary environment and the steep price hikes taken in both Q1 and Q2, have grown at a good rate of about 6.4%.”Amit Syngle, on the call for July to September 2026

What management guided

• Full year PBDIT margin band 18-20 percent to be maintained.
• Gross margin band 41-43 percent going forward with path tied to further inflation.
• Volume growth about 8-9 percent going forward on festive wedding traction with rural monsoon watch.
• VAE Phase one 150 KT full utilisation next year after partial use through March.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 29 October 2026.

When Asian Paints reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Festive Q3 volume rebound into flagged forward range on Diwali timing and wedding season - management cites October November traction.

Asian Paints is on one of our India lists: Nifty 50 companies.

Asian Paints Ltd earned ₹1,085 Cr of net profit in the Sep 2026 quarter, +6.6% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹4,395 Cr. Over 10 years profit has grown 9.3% a year on average. That is 10.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹1,018 Cr.

For the full year, FY26 profit was ₹4,395 Cr (+18.5% on the year before).

Why profit moved: revenue changed +16.9% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +27.6% and revenue +12.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Asian Paints Ltd reported ₹9,977 Cr of revenue in the Sep 2026 quarter, +16.9% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 9.6% a year on average. The last full year, FY26, came in at ₹35,584 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹38,633 Cr.

FY26 revenue was ₹35,584 Cr, +4.9% on the year before.

Recent pace: the last four quarters grew +12.3% on average, against 9.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.4%, against +5.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +23.7%, against +2.9% a year (accelerating).

Asian Paints Ltd's operating margin was 16.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 16.0% and 22.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.0 percentage points on the year while gross margin changed −3.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 129% of Asian Paints Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹7,088 Cr of operating cash against ₹4,395 Cr of profit. After ₹2,244 Cr of spending on assets, ₹4,844 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 129% of profit came in as cash: the cash cycle got 25 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.5× depreciation over three years. The next section checks what that spending is building.

Asian Paints Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 84 days in FY26, up from 59 days in FY21. It spent ₹7,807 Cr on assets over the last 3 years. Customers take 46 days to pay, and stock sits for 118 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹35,584 Cr, each day of that cycle ties up about ₹97.5 Cr, so roughly ₹8,189 Cr is tied up in the business at any time.

FY26: customers took 46 days to pay and stock sat for 118 days, about 3.9 months of sales sitting as stock, for a full cycle of 84 days, longer than FY21's 59.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 118 days. Customers pay about 46 days after that. Suppliers are paid at 79 days. Together that makes the 84-day cycle.

Spending on assets: ₹7,807 Cr over the last 3 years, against ₹3,108 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,849 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Asian Paints Ltd's P/E is 46.9×, near the low end of its own history: it has been lower only 5% of the time. Its usual P/E (the middle reading) is 61.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹50.45.