Asian Paints Limited
Asian Paints Limited, together with its subsidiaries, engages in the manufacture, distribution, and sale of paints, coatings, and products related to home decoration and bath fittings in India, Asia, the Middle East, Africa, and the South Pacific region. The company offers wall coverings; waterproofing products; adhesives; and bath fittings and sanitaryware, modular kitchens and wardrobes, fabric… Read more
Asian Paints Limited (ASIANPAINT) - Net Assets
Latest net assets as of September 2025: ₹202.00 Billion INR
Based on the latest financial reports, Asian Paints Limited (ASIANPAINT) has net assets worth ₹202.00 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹313.49 Billion) and total liabilities (₹111.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹202.00 Billion |
| % of Total Assets | 64.44% |
| Annual Growth Rate | 18.2% |
| 5-Year Change | 51.63% |
| 10-Year Change | 240.02% |
| Growth Volatility | 9.47 |
Asian Paints Limited - Net Assets Trend (2004–2025)
This chart illustrates how Asian Paints Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asian Paints Limited (2004–2025)
The table below shows the annual net assets of Asian Paints Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹200.59 Billion | +3.27% |
| 2024-03-31 | ₹194.24 Billion | +18.11% |
| 2023-03-31 | ₹164.46 Billion | +15.82% |
| 2022-03-31 | ₹141.99 Billion | +7.33% |
| 2021-03-31 | ₹132.29 Billion | +25.59% |
| 2020-03-31 | ₹105.34 Billion | +6.59% |
| 2019-03-31 | ₹98.83 Billion | +13.10% |
| 2018-03-31 | ₹87.38 Billion | +9.53% |
| 2017-03-31 | ₹79.78 Billion | +35.23% |
| 2016-03-31 | ₹58.99 Billion | +17.85% |
| 2015-03-31 | ₹50.06 Billion | +16.82% |
| 2014-03-31 | ₹42.85 Billion | +20.88% |
| 2013-03-31 | ₹35.45 Billion | +22.87% |
| 2012-03-31 | ₹28.85 Billion | +25.59% |
| 2011-03-31 | ₹22.97 Billion | +27.31% |
| 2010-03-31 | ₹18.04 Billion | +41.11% |
| 2009-03-31 | ₹12.79 Billion | +22.99% |
| 2008-03-31 | ₹10.40 Billion | +24.09% |
| 2007-03-31 | ₹8.38 Billion | +18.63% |
| 2006-03-31 | ₹7.06 Billion | +11.93% |
| 2005-03-31 | ₹6.31 Billion | +5.30% |
| 2004-03-31 | ₹5.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asian Paints Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14596400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹145.96 Billion | 75.24% |
| Common Stock | ₹959.20 Million | 0.49% |
| Other Comprehensive Income | ₹48.39 Billion | 24.94% |
| Total Equity | ₹194.00 Billion | 100.00% |
Asian Paints Limited Competitors by Market Cap
The table below lists competitors of Asian Paints Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kerry Group
IR:KRZ
|
$11.45 Billion |
|
Catalent Inc
NYSE:CTLT
|
$11.45 Billion |
|
Dynatrace Holdings LLC
NYSE:DT
|
$11.46 Billion |
|
SITC International Holdings Company Limited
PINK:SITIY
|
$11.47 Billion |
|
Will Semiconductor Co Ltd
SHG:603501
|
$11.43 Billion |
|
Evergreen Marine Corp Taiwan Ltd
TW:2603
|
$11.43 Billion |
|
Toyota Tsusho Corporation
PINK:TYHOF
|
$11.42 Billion |
|
Aecom Technology Corporation
NYSE:ACM
|
$11.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asian Paints Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 187,283,000,000 to 193,998,100,000, a change of 6,715,100,000 (3.6%).
- Net income of 36,672,300,000 contributed positively to equity growth.
- Dividend payments of 31,402,100,000 reduced retained earnings.
- Share repurchases of 369,200,000 reduced equity.
- Other comprehensive income increased equity by 1,364,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹36.67 Billion | +18.9% |
| Dividends Paid | ₹31.40 Billion | -16.19% |
| Share Repurchases | ₹369.20 Million | -0.19% |
| Other Comprehensive Income | ₹1.36 Billion | +0.7% |
| Other Changes | ₹819.30 Million | +0.42% |
| Total Change | ₹- | 3.59% |
Book Value vs Market Value Analysis
This analysis compares Asian Paints Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 405.29x to 11.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹5.52 | ₹2238.20 | x |
| 2005-03-31 | ₹5.92 | ₹2238.20 | x |
| 2006-03-31 | ₹6.74 | ₹2238.20 | x |
| 2007-03-31 | ₹8.11 | ₹2238.20 | x |
| 2008-03-31 | ₹10.25 | ₹2238.20 | x |
| 2009-03-31 | ₹12.55 | ₹2238.20 | x |
| 2010-03-31 | ₹17.84 | ₹2238.20 | x |
| 2011-03-31 | ₹22.81 | ₹2238.20 | x |
| 2012-03-31 | ₹28.67 | ₹2238.20 | x |
| 2013-03-31 | ₹35.30 | ₹2238.20 | x |
| 2014-03-31 | ₹42.13 | ₹2238.20 | x |
| 2015-03-31 | ₹49.46 | ₹2238.20 | x |
| 2016-03-31 | ₹58.46 | ₹2238.20 | x |
| 2017-03-31 | ₹79.26 | ₹2238.20 | x |
| 2018-03-31 | ₹87.68 | ₹2238.20 | x |
| 2019-03-31 | ₹99.25 | ₹2238.20 | x |
| 2020-03-31 | ₹105.61 | ₹2238.20 | x |
| 2021-03-31 | ₹133.57 | ₹2238.20 | x |
| 2022-03-31 | ₹144.01 | ₹2238.20 | x |
| 2023-03-31 | ₹166.77 | ₹2238.20 | x |
| 2024-03-31 | ₹195.29 | ₹2238.20 | x |
| 2025-03-31 | ₹202.32 | ₹2238.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asian Paints Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.83%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.57x
- Recent ROE (18.90%) is below the historical average (30.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 27.90% | 6.66% | 1.59x | 2.63x | ₹947.72 Million |
| 2005 | 31.96% | 7.08% | 1.68x | 2.69x | ₹1.25 Billion |
| 2006 | 32.47% | 6.95% | 1.77x | 2.64x | ₹1.45 Billion |
| 2007 | 36.40% | 7.71% | 1.81x | 2.60x | ₹2.05 Billion |
| 2008 | 43.57% | 9.72% | 1.74x | 2.57x | ₹3.30 Billion |
| 2009 | 34.86% | 7.68% | 1.93x | 2.35x | ₹2.99 Billion |
| 2010 | 51.69% | 13.23% | 1.77x | 2.21x | ₹7.13 Billion |
| 2011 | 38.55% | 10.94% | 1.68x | 2.10x | ₹6.24 Billion |
| 2012 | 37.13% | 10.60% | 1.63x | 2.15x | ₹7.46 Billion |
| 2013 | 32.91% | 10.16% | 1.61x | 2.01x | ₹7.75 Billion |
| 2014 | 30.17% | 9.65% | 1.57x | 1.99x | ₹8.15 Billion |
| 2015 | 29.42% | 9.92% | 1.58x | 1.88x | ₹9.21 Billion |
| 2016 | 30.80% | 11.22% | 1.52x | 1.81x | ₹11.66 Billion |
| 2017 | 25.51% | 12.81% | 1.22x | 1.63x | ₹11.79 Billion |
| 2018 | 24.24% | 12.25% | 1.21x | 1.64x | ₹11.98 Billion |
| 2019 | 22.68% | 11.26% | 1.22x | 1.65x | ₹12.08 Billion |
| 2020 | 26.70% | 13.48% | 1.24x | 1.59x | ₹16.92 Billion |
| 2021 | 24.51% | 14.60% | 1.06x | 1.59x | ₹18.59 Billion |
| 2022 | 21.94% | 10.46% | 1.26x | 1.66x | ₹16.49 Billion |
| 2023 | 25.68% | 11.93% | 1.33x | 1.61x | ₹25.07 Billion |
| 2024 | 29.15% | 15.41% | 1.18x | 1.60x | ₹35.87 Billion |
| 2025 | 18.90% | 10.83% | 1.11x | 1.57x | ₹17.27 Billion |
Industry Comparison
This section compares Asian Paints Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asian Paints Limited (ASIANPAINT) | ₹202.00 Billion | 27.90% | 0.55x | $11.44 Billion |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |