Asian Paints Limited has informed the Exchange about Transcript of the investor conference call held on 29th October 2026 on the performance of the Company for the quarter and half year ended 30th September 2026
Markets / Nifty 50 / Consumer Durables
Price
Daily closing prices, adjusted for bonuses and splits
Returns against the Nifty 50
| Return | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|
| ASIANPAINT | +5.9% | +2.2% | −12.4% | −4.0% | −2.8% | −18.8% | −23.5% |
| Nifty 50 | +5.6% | +6.2% | −2.7% | −1.5% | −6.4% | +24.6% | +33.7% |
Price returns, without dividends. Source: NSE end-of-day data.
Check-up
Where ASIANPAINT sits against the Nifty 50 and its industry. Facts, not advice.
Price return
Over 1 year. The Nifty 50 returned −6.40%, so ASIANPAINT beat it by 3.6 percentage points.
Valuation (PE)
Price is 47.9 times the last four quarters' earnings per share, higher than the Nifty 50's PE of 19.8.
Growth
Revenue in Q2 FY27 compared with the same quarter a year earlier. Net profit changed +7.5%.
Profitability (ROE)
Profit over the last four quarters as a share of shareholders' equity. Net margin is 12.5%.
Debt
Borrowings are 0.13 times shareholders' equity (latest balance sheet, 30 Sep 2026).
Volatility
Daily price moves over the last year were 1.76 times as large as the Nifty 50's (annualised volatility 24.3%).
What the latest numbers show
Calculated by stockER from the company's filings and NSE data.
Positives 4
- Revenue up 16.9% from a year ago₹9,977 cr in Q2 FY27, against ₹8,531 cr in Q2 FY26.
- Net profit up 6.6% from a year ago₹1,085 cr in Q2 FY27, against ₹1,018 cr in Q2 FY26.
- Operating cash flow of ₹7,088 crCash generated by the business in the year to 31 Mar 2026.
- Foreign institutional holding up 2.12 points in a year13.76% on 30 Sep 2026, from 11.64%.
Watch points 3
- Net margin narrowed to 10.9%From 11.9% in Q2 FY26.
- Borrowings rose 48.2% in a year₹2,900 cr on 30 Sep 2026, against ₹1,957 cr a year earlier.
- Mutual fund holding down 0.96 points in a year9.93% on 30 Sep 2026, from 10.89%.
Financials
Consolidated results as filed with NSE. ₹ crore unless stated.
Revenue
Net profit
EPS (₹)
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 8,549 | 8,359 | 8,939 | 8,531 | 8,867 | 9,247 | 10,542 | 9,977 |
| Other income | 143 | 100 | 193 | 199 | 161 | 171 | 241 | 248 |
| Total expenses | 7,224 | 7,277 | 7,659 | 7,377 | 7,447 | 7,829 | 8,725 | 8,789 |
| EBITDA | 1,780 | 1,353 | 1,818 | 1,702 | 1,784 | 1,958 | 2,410 | 1,805 |
| Depreciation | 256 | 301 | 301 | 305 | 313 | 310 | 304 | 314 |
| Finance cost | 56 | 53 | 44 | 44 | 48 | 59 | 48 | 55 |
| PBIT | 1,524 | 1,052 | 1,517 | 1,397 | 1,471 | 1,648 | 2,105 | 1,491 |
| Profit before tax | 1,468 | 999 | 1,472 | 1,353 | 1,423 | 1,589 | 2,058 | 1,436 |
| Tax | 390 | 321 | 392 | 373 | 415 | 429 | 536 | 392 |
| Net profit | 1,128 | 701 | 1,117 | 1,018 | 1,074 | 1,185 | 1,559 | 1,085 |
| EPS (₹) | 11.58 | 7.22 | 11.47 | 10.37 | 11.06 | 12.23 | 16.06 | 11.14 |
| ₹ crore | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue from operations | 34,489 | 35,495 | 33,906 | 35,584 |
| Other income | 386 | 688 | 573 | 724 |
| Total expenses | 29,231 | 28,968 | 29,153 | 30,312 |
| EBITDA | 6,646 | 8,273 | 6,216 | 7,262 |
| Depreciation | 858 | 853 | 1,026 | 1,229 |
| Finance cost | 144 | 205 | 227 | 195 |
| PBIT | 5,788 | 7,420 | 5,189 | 6,033 |
| Profit before tax | 5,643 | 7,215 | 4,962 | 5,838 |
| Tax | 1,494 | 1,790 | 1,393 | 1,609 |
| Net profit | 4,244 | 5,558 | 3,710 | 4,395 |
| ₹ crore | MAR 2024 | SEP 2024 | MAR 2025 | SEP 2025 | MAR 2026 | SEP 2026 |
|---|---|---|---|---|---|---|
| Total assets | 29,924 | 29,474 | 30,371 | 31,349 | 34,534 | 36,215 |
| Current assets | 17,537 | 16,130 | 16,992 | 17,911 | 20,185 | 21,990 |
| Inventories | 5,923 | 6,474 | 6,719 | 6,011 | 5,744 | 7,263 |
| Cash and equivalents | 829 | 454 | 445 | 599 | 673 | 260 |
| Total liabilities | 10,500 | 10,791 | 10,312 | 11,148 | 12,520 | 13,806 |
| Current liabilities | 8,501 | 8,817 | 8,141 | 8,199 | 9,137 | 9,977 |
| Borrowings | 1,107 | 1,123 | 864 | 1,957 | 2,293 | 2,900 |
| Shareholders' equity | 19,424 | 18,683 | 20,059 | 20,200 | 22,015 | 22,409 |
| Equity attributable to owners | 18,728 | 18,024 | 19,400 | 19,579 | 21,372 | 21,735 |
Balance sheets are filed every half year (September and March).
| ₹ crore | 6M to SEP 2022 | 12M to MAR 2025 | 6M to SEP 2025 | 12M to MAR 2026 | 6M to SEP 2026 |
|---|---|---|---|---|---|
| From operations | 1,336 | 4,424 | 3,482 | 7,088 | 1,900 |
| From investing | −414 | −874 | −45 | −1,334 | −913 |
| From financing | −1,323 | −3,753 | −1,886 | −2,377 | −2,084 |
| Capital expenditure | 447 | 1,830 | 721 | 1,487 | 618 |
| Free cash flow | 889 | 2,594 | 2,761 | 5,601 | 1,282 |
Cash flow statements are filed every half year; figures are for the period shown.
EBITDA here is profit before tax plus finance cost and depreciation. Annual figures add up the four quarters of each financial year. Source: company filings on NSE (XBRL).
Peers
Consumer Durables companies in the Nifty 50.
| Company | Price | Market cap | PE | PB | ROE | Div. yield | 1Y return |
|---|---|---|---|---|---|---|---|
| Asian Paints Ltd.ASIANPAINT | ₹2,418.30 | ₹2.32 lakh cr | 47.9 | 10.67 | 22.3% | 1.37% | −2.8% |
| Titan Company Ltd.TITAN | ₹4,754.40 | ₹4.22 lakh cr | 73.3 | 26.88 | 36.7% | 0.32% | +24.7% |
Price comparison
Change in price from the start of the period
Events
Dividends, bonuses and splits from NSE's corporate actions.
Coming up
4 Nov 2026
Past dividends
Interim Dividend - Rs 5.75 Per SharePer share
₹5.75Ex-date
4 Nov 2026
Dividend - Rs 23 Per SharePer share
₹23.00Ex-date
23 Jun 2026
Interim Dividend - Rs 4.50 Per SharePer share
₹4.50Ex-date
18 Nov 2025
Dividend - Rs 20.55 Per SharePer share
₹20.55Ex-date
10 Jun 2025
Interim Dividend - Rs 4.25 Per SharePer share
₹4.25Ex-date
19 Nov 2024
Dividend - Rs 28.15 Per SharePer share
₹28.15Ex-date
11 Jun 2024
Interim Dividend - Rs 5.15 Per SharePer share
₹5.15Ex-date
3 Nov 2023
Dividend - Rs 21.25 Per SharePer share
₹21.25Ex-date
9 Jun 2023
Filings and updates
The company's own announcements to NSE: results, dividends, presentations and board decisions.
Asian Paints Limited has informed the Exchange about Link of Recording
Asian Paints Limited has informed the Exchange about Investor Presentation
Please find enclosed the Press Release on the performance of the Company for the quarter and half year ended 30th September 2026.
The Board of Directors at their meeting held today i.e., 29th October 2026, has, inter alia, approved the payment of interim dividend of Rs. 5.75 (Rupees five and paise seventy-five only) per equity share of the face value of Re. 1 each for the financial year ending 31st March 2027
The Board of Directors at its meeting held today i.e., 29th October 2026, has, inter alia, approved the audited standalone and unaudited consolidated financial results of the Company for the quarter and half year ended 30th September 2026 and payment of interim dividend of Rs. 5.75 (Rupees five and paise seventy-five only) per equity share of the face value of Re. 1 each for the financial year ending 31st March 2027
The Board of Directors at its meeting held today i.e., 29th October 2026, has, inter alia, approved the audited standalone and unaudited consolidated financial results of the Company for the quarter and half year ended 30th September 2026 and payment of interim dividend of Rs. 5.75 (Rupees five and paise seventy-five only) per equity share of the face value of Re. 1 each for the financial year ending 31st March 2027.
Asian Paints Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Please find enclosed the Postal Ballot Notice dated 7th September 2026 together with the Explanatory Statement being sent to the members of the Company seeking their approval for appointment of Mr. Leo Puri as an Independent Director of the Company for a term of five consecutive years commencing from 7th September 2026 to 6th September 2031.
The Company will hold a conference with investors on 29th October 2026 at 5 p.m. IST.on the business and financial performance of the Company for the quarter and half year ended 30th September 2026.
Asian Paints Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Nov-2026.
Asian Paints Limited has informed the Exchange about Credit Rating
Frequently asked questions
What is the share price of Asian Paints Ltd. (ASIANPAINT)?
ASIANPAINT closed at ₹2,418.30 on NSE on 4 Nov 2026, −0.80% on the day. stockER shows end-of-day prices, updated after the market closes.
What is the market cap of ASIANPAINT?
₹2.32 lakh cr, based on 95.92 crore shares and the latest closing price. That makes it #32 by size in the Nifty 50.
What are the PE and PB ratios of ASIANPAINT?
PE 47.94 on earnings per share of ₹50.45 over the last four quarters; PB 10.67 on the latest reported equity.
What is the 52-week high and low of ASIANPAINT?
High ₹2,985.70 on 4 Dec 2025, low ₹2,115.00 on 23 Mar 2026 (adjusted for bonuses and splits).
What is the dividend yield of ASIANPAINT?
1.37%: dividends of ₹33.25 per share with ex-dates in the last 12 months, divided by the latest price.
What return has ASIANPAINT given?
1 year −2.8%, 3 years −18.8%, 5 years −23.5% (price only, dividends not included).
Which sector is ASIANPAINT in?
NSE classifies Asian Paints Ltd. under Consumer Durables. Other Nifty 50 companies in it: TITAN.
Who owns ASIANPAINT?
On 30 Sep 2026, promoters held 52.65% and the public 47.28%.
How can I buy ASIANPAINT shares?
Through a SEBI-registered stockbroker with a demat and trading account. stockER is an information site only: it doesn't sell shares or recommend buying or selling any of them.
