Asian Paints has come a long way since its small beginnings in 1942. It was set up as a partnership firm by four friends who were willing to take on the world’s biggest, most famous paint companies operating in India at that time. Over the course of 25 years, Asian Paints became a corporate force and India's leading paints company. Driven by its strong consumer-focus and innovative spirit, the company has been the market leader in paints since 1967. Today, it is double the size of any other paint company in India.

The company also operates through ‘PPG Asian Paints Pvt Ltd’ (50:50 JV between Asian Paints and PPG Inc, USA, one of the largest automotive coatings manufacturer in the world) to service the increasing requirements of the Indian automotive coatings market. The second 50:50 JV with PPG named ‘Asian Paints PPG Pvt Ltd’ services the protective, industrial powder, industrial containers and light industrial coatings markets in India. Vertical integration has seen Asian Paints diversify into chemical products such as Phthalic Anhydride and Pentaerythritol, which are used in the paint manufacturing process. The company has discontinued production of Phthalic Anhydride from end of July 2017. Today, the Asian Paints group operates in several countries across the world across four regions viz. Asia, Middle East, South Pacific and Africa through the eight corporate brands viz. Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Causeway Paints and Kadisco.

Business area of the company

Asian Paints manufactures a wide range of paints for decorative and industrial use. In Decorative paints, the company is present in all the four segments v.i.z Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wood Finishes. It also offers Water proofing, wall coverings and adhesives in its product portfolio. In the Home Improvement and Decor category, the company is present in the Kitchen and Bath fittings space and offers various products under Sleek and Ess Ess brand respectively.

Products:

Paints
Chemicals
Wall coverings
Textures Painting aid
Waterproofing solutions
Wall stickers
Mechanised tools
Kitchen fittings
Bath fittings and sanitaryware
Sanitizers and surface disinfectants
Adhesives
Kitchens & Wardrobes

Services:

Home Painting Services
Interior Design Services
Experience Retail Stores
Colour Consultancy
Projects
Sanitization services

Awards & Recognitions

2002: Forbes Global Magazine, USA ranked Asian Paints amongst the 200 'Best Small Companies of the world'.
2002: The Asset - one of Asia's leading financial magazines ranked Asian Paints amongst the leading Indian companies in Corporate Governance.
2003: Asian Paints received the Ernst & Young 'Entrepreneur of the Year – Manufacturing' award.
2003: Forbes Global Magazine, USA ranked Asian Paints amongst the 200 'Best Small Companies of the world'.
2005: Forbes Global Magazine, USA ranked Asian Paints amongst the 200 'Best Small Companies of the world' in 2002 and 2003 and amongst the top 200 'Under a Billion Firms' of Asia.
2005: Forbes Global Magazine, USA ranked Asian Paints amongst the top 200 'Under a Billion Firms' of Asia.
2005: The Asset - one of Asia's leading financial magazines ranked Asian Paints amongst the leading Indian companies in Corporate Governance.
2011: Asian Paints receives the Best Audit Committee Award from the Asian Centre for Corporate Governance & Sustainability.
2011: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2012: In March 2012, Asian Paints was presented the Asian Centre for Corporate Governance & Sustainability Award for the Best Governed Company in 2011.
2012: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2013: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2014: Asian Paints was included in Forbes Magazine's - Asia's Fab 50 List of companies.
2015: Asian Paints felicitated as one of the Most Impactful Companies of the Decade by CNBC Awaaz.
2015: Asian Paints included in the list of India's Super 50 companies by Forbes India.
2015: Asian Paints was ranked 11th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2015.
2016: Asian Paints wins ‘Outstanding Company of the year’ award for 2016 - ‘CNBC TV18 - India Business Leader Awards.
2016: Top Ranked Indian company in the ‘Forbes Most Innovative company List’ in 2016 (Ranked 18th in the world).
2017: Top Ranked Indian company in the Forbes Most Innovative company List’ (Ranked 8th in the world).
2017: Asian Paints included in the list of India's Super 50 companies by Forbes India.
2017: Asian Paints was ranked 10th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2017.
2018: Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2018.
2019: Asian Paints was ranked 9th amongst the Top paint companies in the world by Coatings World - Top Companies Report 2019.
2019: Included in the Forbes List of World’s Best Regarded Companies. Second Consecutive appearance for Asian Paints in the coveted list.
2020: Ranked 9th among the world’s leading paint companies by Coatings World - Top Companies Report.

Milestones:

2006: Consolidated turnover crosses Rs 3000 crore.
2007: Board of Directors approves setting up of new paint plant in Haryana, India.
2007: Enter into a share purchase agreement for the sale of its stake in Asian Paints Queensland.
2008: Asian Paints performs Bhoomi Pooja at its proposed paint plant site at Rohtak Haryana.
2010: Signs MoU with Maharashtra Government to set up a Mega Project for manufacture of Paints and Intermediates at Kesurdi in Maharashtra.
2010: Commencement of commercial production at its new paint manufacturing facility in Rohtak, Haryana.
2011: The Board of Directors approved company’s plans to enhance its fourteen year old relationship with PPG Industries Inc. to accelerate growth of the non-decorative coatings businesses in India.
2013: Completes acquisition of Sleek Group.
2020: Asian Paints has received approval for Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics, a wholly owned subsidiary of the Company.
2020: Forays into Hand & Surface Sanitizer category.
2020: Launches range of furniture, furnishings, lighting products.

Market Cap	3,04,325 Cr	ROE	28.2%
P/E Ratio(TTM)	60.1	EPS(TTM)	0.0
P/B Ratio	18.4	Dividend Yield	0.8%
Industry P/E	56.7	Book Value	172.7
		Face Value	1.0

Fundamentals