Asian Paints Ltd.
NSE: ASIANPAINTAsian Paints Ltd.: A 30-second snapshot
Asian Paints trades at ₹2,732.9, up 20.86% over the past 12 months and 25% over the past three months, currently above both its 50-DMA (₹2,586) and 200-DMA (₹2,555) with an RSI of 62.03. The Q4FY26 result reported a 69% YoY profit jump to ₹1,172 crore with a ₹23 final dividend declared, though management flagged West Asia conflict as a demand risk. Trailing PE stands at 60.7x against a forward PE of 46.7x, with ROE of 20.89% and a debt-to-equity of 17.847 on a rising trend.
P/E
60.7
Forward P/E
46.7
ROE
+20.9%
Debt / Equity
17.85
Profit Margin
+12.2%
Div. Yield
+1.0%
5Y ROE > 15%
4/5
5Y FCF > 0
4/5
Quality
62/100
News
8 headlines · 4 positive · 1 negative
Asian Paints Q4 consol net profit jumps 69% YoY to Rs 1,172 crore, board declares Rs 23 final dividend - Moneycontrol.com
Moneycontrol.com
Asian Paints Q4FY26 profit jumps 69.3% on strong demand, margin expansion - Business Standard
Business Standard
India's Asian Paints beats quarterly profit view on decorative business boost - marketscreener.com
marketscreener.com
Read This Before Considering Asian Paints Limited (NSE:ASIANPAINT) For Its Upcoming ₹23.00 Dividend - simplywall.st
simplywall.st
Asian Paints flags West Asia war as demand risk despite strong FY26 earnings - Mint
Mint
Recent context
- ·Q4FY26 results (29 May 2026): consolidated net profit up 69% YoY to ₹1,172 crore; revenue growth driven by the decorative segment; board declared a ₹23 final dividend — the primary positive catalyst in the 8-article news sample.
- ·Asian Paints flagged West Asia conflict as a demand risk in post-results commentary (Mint, 29 May 2026), the sole negative signal in news flow, amid an otherwise positive sentiment reading of 4 positive vs. 1 negative.
- ·Analyst consensus of 2.54 across 35 analysts on a 1–5 scale (lower = more constructive) reflects a mid-range reading among sell-side coverage; forward PE compression from 60.7x trailing to 46.7x forward implies the market is pricing in earnings growth in the coming year.
Strengths
- +Q4FY26 consolidated net profit grew 69% YoY to ₹1,172 crore on decorative business strength and margin expansion, with the board declaring a ₹23 final dividend (yield 1.01% at current price).
- +Stock is above both the 50-DMA (₹2,586) and 200-DMA (₹2,555) with a 52-week drawdown of only 8.47%, indicating the current price is close to a one-year high.
- +Five-year revenue CAGR of 10.6% demonstrates consistent top-line growth across multiple demand cycles in the decorative paints segment.
- +Within the Consumer Goods peer group (6 stocks), Asian Paints ranks 2nd on PE (60.7x vs. TRENT at 98.9x and DMART at 94.6x) and 2nd on quality score (58 vs. sector leader INDHOTEL at 60).
Weaknesses
- −Debt-to-equity of 17.847 is on a confirmed rising trend; FCF-positive in only 4 of available years and ROE above 15% in only 4 of available years, producing a fundamental consistency score of 43.
- −ROE of 20.89% trails Consumer Goods peers TITAN (37.13%) and TRENT (27.13%), meaning the stock carries a premium trailing multiple of 60.7x without proportionately superior capital efficiency relative to peers.
- −Five-year earnings growth of 69.2% headline figure is softened by a consistency score of 43, suggesting the aggregate reflects episodic gains rather than uniform annual delivery.
- −Management explicitly flagged West Asia geopolitical conflict as a demand risk for international operations in Q4FY26 commentary, introducing an external variable not captured in trailing metrics.
Open questions
- ?Does the five-year earnings growth of 69.2% reflect a structural improvement in pricing power and operating leverage, or does it represent a mean-reversion from an unusually low base period?
- ?Is the rising debt-to-equity trend (currently 17.847) funding capacity expansion that will translate to future FCF, or does it represent a structural increase in the company's leverage profile?
- ?At a trailing PE of 60.7x with ROE of 20.89% — below peers TITAN and TRENT — what specific competitive advantages justify the current premium multiple versus sector alternatives?
- ?How exposed is the decorative paints revenue mix to demand disruption from geopolitical instability in West Asia, and how material is the international segment to total consolidated earnings?
Peer comparison: Consumer Goods
Ranks 2 of 6 on qualityTechnical state
Current price
₹2,732.90
SMA 50
₹2,586.18
SMA 200
₹2,555.42
RSI (14)
62.0 (neutral)
From 52w high
-8.5%
1Y return
+20.9%
3M return
+25.0%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumDebt-to-equity of 17.847 is on a rising trend; FCF-positive in 4 of available years and ROE above 15% in only 4 of available years; fundamental consistency score of 43 is below the quality-score of 58, signalling uneven execution across the measurement period.
- mediumTrailing PE of 60.7 and forward PE of 46.7 are elevated in absolute terms; ROE of 20.89% trails Consumer Goods peers TITAN (37.13%) and TRENT (27.13%), meaning the premium multiple is supported by franchise recognition rather than superior capital returns relative to peers.
- lowRSI at 62.03 is in the upper-neutral band after a 25% three-month price gain; nearest support cluster is at ₹2,385–₹2,608, with the closest support level at ₹2,607.9 — approximately 4.6% below the current price of ₹2,732.9. Single resistance level identified at ₹2,778.8.
- lowNews sample of 8 articles is narrow; positive sentiment (4 positive, 3 neutral, 1 negative) is concentrated around the single Q4FY26 earnings event of 29 May 2026 and may not represent the broader ongoing narrative beyond that catalyst.
Cross-section contradictions
- Five-year reported earnings growth of 69.2% implies strong compounding, but the persistence block shows ROE above 15% in only 4 of the available years and a consistency score of 43, suggesting the aggregate figure reflects base-effect recovery rather than steady year-on-year execution.
- Stock is up 20.86% over 12 months and trades above both the 50-DMA (₹2,586) and 200-DMA (₹2,555), yet debt-to-equity of 17.847 continues to rise and fundamental consistency scores at 43 — price appreciation has outpaced any measurable improvement in balance-sheet steadiness.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 21 Jun 2026 · rotates through NIFTY 500 every ~5 days