# Asian Paints share price today (Asian Paints Ltd, NSE: ASIANPAINT)

> Asian Paints share price today: ₹2,437.80 at the NSE close on 3 November 2026, down 2.9% in a year. Asian Paints (NSE: ASIANPAINT) is worth ₹2,33,833 crore, trades at a P/E of 47.3 and has closed between ₹2,169.00 and ₹2,968.50 over the past 52 weeks. > Asian Paints Ltd's earnings have grown faster than its share price. Earnings per share grew +17.9% in a year while the price moved −2.9%. ASIANPAINT · Building Materials - Paints · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/asian-paints-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹2,437.80 (−2.9% in a year)
- P/E: 47.3× (lower than 95% of the last 11 years)
- Revenue (Sep 2026): ₹9,977 Cr (+16.9% on a year ago)
- Profit (Sep 2026): ₹1,085 Cr (+6.6% on a year ago)
- Operating margin: 16.0% (−2.0 points on a year ago)
- ROCE: 26%, FY26
- ROIC: 23.3%, against a 12.0% cost of capital: +11.3 points

The main question: foreign institutions moved −1.5 percentage points over 8 quarters while the business went the other way. ## What is the Asian Paints share price today? Asian Paints Ltd's share price was ₹2,437.80 at the close on 3 November 2026. It has been falling for 4 weeks. That is 3.5% 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 34% of the way up from that low. 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 +171% 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. ## What changed at Asian Paints this quarter? 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. ## What are Asian Paints' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹9,977 crore | ₹8,531 crore | +16.9% |
| Profit | ₹1,085 crore | ₹1,018 crore | +6.6% |
| Earnings per share | ₹11.13 | ₹10.36 | +7.4% |
| Operating margin | 16.0% | 18.0% | −2.0 points |

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.)

## What is the Asian Paints share price history? Asian Paints closed at ₹2,437.80 on 3 November 2026, down 2.9% from ₹2,510.80 a year earlier (31 October 2025) and down 22.8% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹2,307.00 | +5.7% |
| 1 month ago · 1 Oct 2026 | ₹2,407.00 | +1.3% |
| 6 months ago · 30 Apr 2026 | ₹2,444.50 | −0.3% |
| 1 year ago · 31 Oct 2025 | ₹2,510.80 | −2.9% |
| 3 years ago · 3 Nov 2023 | ₹2,977.85 | −18.1% |
| 5 years ago · 4 Nov 2021 | ₹3,159.25 | −22.8% |
| 10 years ago · 4 Nov 2016 | ₹1,043.05 | +133.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹898.35 | +171.4% |
| Highest weekly close since March 2016 · 7 Jan 2022 | ₹3,576.30 | −31.8% |
| Lowest weekly close since March 2016 · 23 Mar 2016 | ₹850.00 | +186.8% |
| 52-week high (weekly close) · 5 Dec 2025 | ₹2,968.50 | −17.9% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹2,169.00 | +12.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Asian Paints? 4 Nov 2026: ex-date for an interim dividend of ₹5.75 a share. 3 Nov 2026: Asian Paints closed at ₹2,437.80, up 5.7% on the week and up 1.3% 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. ## What dividend does Asian Paints pay? Asian Paints paid ₹33.25 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 1.36% at the ₹2,437.80 close on 3 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 4 Nov 2026 | ₹5.75 | Interim | same day |
| 23 Jun 2026 | ₹23 | Dividend | same day |
| 18 Nov 2025 | ₹4.50 | Interim | same day |
| 10 Jun 2025 | ₹20.55 | Dividend | same day |
| 19 Nov 2024 | ₹4.25 | Interim | same day |
| 11 Jun 2024 | ₹28.15 | Dividend | same day |
| 3 Nov 2023 | ₹5.15 | Interim | same day |
| 9 Jun 2023 | ₹21.25 | Dividend | same day |
| 31 Oct 2022 | ₹4.40 | Interim | 1 Nov 2022 |
| 9 Jun 2022 | ₹15.50 | Dividend | 10 Jun 2022 |
| 28 Oct 2021 | ₹3.65 | Interim | 29 Oct 2021 |
| 10 Jun 2021 | ₹14.50 | Dividend | 11 Jun 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Asian Paints management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/378-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What to watch in Asian Paints' next results? 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. - What to check (from the call)
- Festive Q3 volume rebound into flagged forward range on Diwali timing and wedding season - management cites October November traction. - PBDIT recovery from Q2 seasonal trough back inside annual band - November hike, cost excellence, VAE and better mix cited. - Staggered hike flow through lifting industrial and international profitability from Q2 lags - management guides coming quarter improvement. - VAE Phase one utilisation scaling through March toward full next year rate with formulation normalisation - track captive use commentary. ## Which stock lists is Asian Paints on? Asian Paints is on one of our India lists: Nifty 50 companies. [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)

## Is Asian Paints profitable? 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. 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. ## How much revenue does Asian Paints make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Asian Paints keep? 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. 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. ## Is Asian Paints' profit turning into cash? 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. 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. ## Where does Asian Paints' cash go? 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. 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. ## What is Asian Paints' P/E ratio, and how does it compare with its own history? Asian Paints Ltd's P/E is 47.3×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved +17.9% while the price moved −2.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −5.1% a year; about +8.7% a year came from earnings growth and about −13.8 percentage points from the multiple (the market paying less); over 10 years the price moved +8.9% a year; about +9.5% a year came from earnings growth and about −0.6 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Asian Paints business getting better or worse? Asian Paints Ltd's business is turning around. Profit growth has swung from −29.6% at its low to +23.7%, rising from a low 5 quarters ago, with ROCE rising at 27.9%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Asian Paints earn on its capital? Asian Paints Ltd earned a ROCE of 26% in FY26. Its return on capital used (ROIC) is 11.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.4% net margin and 1.03× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 12.4% net margin × 1.03× asset turnover × 1.62× leverage (assets divided by equity) ≈ 20.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 23.3% − 12.0% = +11.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does Asian Paints have too much debt? Asian Paints Ltd has total debt of ₹4,596 Cr against shareholder equity of ₹22,409 Cr as of Sep 2026, so its debt is 0.21× its equity, which is very little. Year by year, that ratio went from 0.11 in FY22 to 0.18 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Asian Paints shareholding pattern? Domestic institutions raised their stake in Asian Paints Ltd by 7.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 20.5% of the company. Foreign institutions moved −1.5 points over the same period, to 13.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +7.4 points over 8 quarters, to 20.5%; Foreign institutions: −1.5 points over 8 quarters, to 13.8%; Promoters: +0.0 points over 8 quarters, to 52.6%. Why the owners changed: foreign institutions moved −1.5 points and domestic institutions +7.4 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Asian Paints from balance-sheet trouble? For Asian Paints Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Asian Paints rank in its industry? 56.9 out of 100, rank 2 of 7 in Building Materials - Paints, with 100% of the evidence available. Asian Paints Ltd scores 56.9 out of 100 against the 7 companies it is compared with in Building Materials - Paints, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.2 + 22.3 + 9.9 + 2.5 = 56.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Asian Paints compared with? Asian Paints ranks 2 of 7 Building Materials - Paints companies on the 4-Factor Sector Score, with 56.9 out of 100. 1. [Sirca Paints India Ltd](https://www.sectoralpha.in/stocks/sirca-paints-india-ltd) SIRCA · losing its lead · Evidence leans up · 96% evidence 63.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 24.2% · Profit 28.9% · Operating margin change -1 points · 88% evidence Capital efficiency 16.4/25 · ROCE 20.3% · Operating margin 19% · 100% evidence Valuation 12.7/20 · P/E 34.4× · PEG 1.23 · 100% evidence Relative strength 9.6/20 · Lead over its industry -5.7% · Lead over NIFTY 500 -3.8% · 1 year -21.9% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.6 + 16.4 + 12.7 + 9.6 = 63.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Asian Paints Ltd this page ASIANPAINT · quiet · Evidence leans up · 100% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 12.4% · Profit 23.7% · Operating margin change -2 points · 100% evidence Capital efficiency 22.3/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 9.9/20 · P/E 45× · PEG 1.8 · 100% evidence Relative strength 2.5/20 · Lead over its industry -6.9% · Lead over NIFTY 500 -5.1% · 1 year -7.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.2 + 22.3 + 9.9 + 2.5 = 56.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Indigo Paints Ltd](https://www.sectoralpha.in/stocks/indigo-paints-ltd) INDIGOPNTS · losing its lead · Evidence leans up · 85% evidence 50.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue 11.9% · Profit 4.9% · Operating margin change -6 points · 100% evidence Capital efficiency 12.8/25 · ROCE 18.6% · Operating margin 9% · 100% evidence Valuation 12.8/20 · P/E 31× · PEG 1.92 · 100% evidence Relative strength 11.3/20 · Lead over its industry n/a · Lead over NIFTY 500 1% · 1 year -0.3% · 25% evidence · 9 of 12 weeks ahead Exact sum: 13.3 + 12.8 + 12.8 + 11.3 = 50.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [JSW Dulux Ltd](https://www.sectoralpha.in/stocks/jsw-dulux-ltd) JSWDULUX · quiet · Evidence leans up · 81% evidence 50.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue -11.5% · Profit 100% · Operating margin change -2 points · 88% evidence Capital efficiency 15.8/25 · ROCE 22.7% · Operating margin 12% · 100% evidence Valuation 4.0/20 · P/E 31.4× · PEG 3.75 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year n/a · 25% evidence · 3 of 12 weeks ahead Exact sum: 22.2 + 15.8 + 4 + 8 = 50 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Berger Paints India Ltd](https://www.sectoralpha.in/stocks/berger-paints-india-ltd) BERGEPAINT · basing · Evidence leans down · 96% evidence 48.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 5.2% · Profit 6.4% · Operating margin change 0 points · 88% evidence Capital efficiency 18.8/25 · ROCE 21.6% · Operating margin 17% · 100% evidence Valuation 6.7/20 · P/E 44.2× · PEG 4.15 · 100% evidence Relative strength 9.0/20 · Lead over its industry -3.1% · Lead over NIFTY 500 -1.3% · 1 year -14.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.1 + 18.8 + 6.7 + 9 = 48.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 6. [Kansai Nerolac Paints Ltd](https://www.sectoralpha.in/stocks/kansai-nerolac-paints-ltd) KANSAINER · basing · Evidence leans down · 78% evidence 41.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 5.3% · Profit -46.5% · Operating margin change 0 points · 83% evidence Capital efficiency 10.2/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 14.1/20 · P/E 22.1× · PEG n/a · 50% evidence Relative strength 3.0/20 · Lead over its industry -11.9% · Lead over NIFTY 500 -10.3% · 1 year -28.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13.8 + 10.2 + 14.1 + 3 = 41.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Shalimar Paints Ltd](https://www.sectoralpha.in/stocks/shalimar-paints-ltd) SHALPAINTS · leader · Evidence leans down · 71% evidence 35.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.7/35 · Revenue -12% · Profit -33.3% · Operating margin change -15.3 points · 74% evidence Capital efficiency 0.0/25 · ROCE -7.9% · Operating margin -20% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 20.0/20 · Lead over its industry 30.8% · Lead over NIFTY 500 32% · 1 year 1.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 5.7 + 0 + 10 + 20 = 35.7 · What this means: Relative strength against the index is 32%, and revenue and profit growth are weak. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Building Materials - Paints](https://www.sectoralpha.in/sectors/building-materials-paints), all 7 compared on one page. ## Which companies are close to Asian Paints in size? Asian Paints is the largest of 7 Building Materials - Paints companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Berger Paints India, Kansai Nerolac Paints, JSW Dulux, Indigo Paints, Sirca Paints India and Shalimar Paints. ### Building Materials - Paints companies close in size

1. Asian Paints Ltd ₹2,22,534 crore
2. [Berger Paints India Ltd](https://www.sectoralpha.in/stocks/berger-paints-india-ltd) ₹54,231 crore
3. [Kansai Nerolac Paints Ltd](https://www.sectoralpha.in/stocks/kansai-nerolac-paints-ltd) ₹14,259 crore
4. [JSW Dulux Ltd](https://www.sectoralpha.in/stocks/jsw-dulux-ltd) ₹13,436 crore
5. [Indigo Paints Ltd](https://www.sectoralpha.in/stocks/indigo-paints-ltd) ₹4,760 crore
6. [Sirca Paints India Ltd](https://www.sectoralpha.in/stocks/sirca-paints-india-ltd) ₹2,303 crore
7. [Shalimar Paints Ltd](https://www.sectoralpha.in/stocks/shalimar-paints-ltd) ₹666 crore

[All 7 Building Materials - Paints companies, largest first](https://www.sectoralpha.in/sectors/building-materials-paints#all-companies)

### Companies close in size in other industries

1. [Coal India Ltd](https://www.sectoralpha.in/stocks/coal-india-ltd) ₹2,39,730 crore · Mining/Minerals
2. [Nestle India Ltd](https://www.sectoralpha.in/stocks/nestle-india-ltd) ₹2,25,034 crore · FMCG - Dairy Products
3. Asian Paints Ltd ₹2,22,534 crore
4. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ₹2,13,919 crore · Power - Generation/Distribution
5. [Hindustan Zinc Ltd](https://www.sectoralpha.in/stocks/hindustan-zinc-ltd) ₹2,13,717 crore · Metals

## What else do people ask about Asian Paints? ### What is Asian Paints's share price today? Asian Paints Ltd's share price is ₹2,437.80, −2.9% over the past year. The whole company is worth ₹2,33,833 Cr on the market. In the last 52 weeks it traded between ₹2,169 to ₹2,969; today it is 34% of the way up from the low, 3.5% below its 200-day average (as of 3 November 2026). ### What were Asian Paints's latest quarterly results? Asian Paints Ltd reported revenue of ₹9,977 Cr and net profit of ₹1,085 Cr for the Sep 2026 quarter. Revenue rose 16.9% and profit rose 6.6% compared with a year earlier. Earnings per share were ₹11.13. The operating margin was 16.0%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Asian Paints's market cap? Asian Paints Ltd's market capitalisation is ₹2,33,833 Cr at a share price of ₹2,437.80. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Asian Paints performing? Asian Paints Ltd's share price has been falling for 4 weeks. In its latest quarter, revenue rose 16.9% and profit rose 6.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 18 weeks running (as of 3 November 2026). ### Will Asian Paints's share price go up? This page does not forecast Asian Paints Ltd's share price. What it shows instead: the share price is ₹2,437.80, and it has been falling for 4 weeks. Its P/E of 47.3× is higher than 5% of its own last 11 years (as of 3 November 2026). ### Who owns Asian Paints? Promoters own 52.6% of Asian Paints Ltd, foreign institutions 13.8%, domestic institutions 20.5% and the public 13.0% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 7.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Asian Paints have too much debt? No, Asian Paints Ltd has little debt: its debt is 0.18× its equity, and its operating profit is 34 times its interest bill. FY26 borrowings were ₹3,929 Cr against equity of ₹21,372 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Asian Paints in its business cycle? Asian Paints Ltd's FY26 operating margin was 19.0%, against a 13-year range of 16.0% to 22.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 16.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Asian Paints story? The main question: foreign institutions moved −1.5 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Asian Paints a stock worth studying right now? What the numbers show: Asian Paints Ltd's earnings have grown faster than its share price. Earnings per share grew +17.9% in a year while the price moved −2.9%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Asian Paints share price forecast for 2026? What management itself guided: November price increase of 3.5 percent already announced including anti dumping impact. ## Lists

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