Asian Paints Limited (BOM:500820)

Asian Paints Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	371,869	355,835	339,056	354,375	344,301	289,819
Revenue Growth	9.93%	4.95%	-4.32%	2.93%	18.80%	34.78%
Gross Profit Gross Profit Growth	161,886	154,086	141,967	151,764	131,118	105,477
Operating Income Operating Income Growth	60,236	54,831	49,799	67,424	54,630	39,873
Net Income Net Income Growth	47,648	43,254	36,672	54,602	41,065	30,306
Earnings Per Share EPS Growth	49.69	45.11	38.25	56.94	42.82	31.60
EPS Growth	32.44%	17.94%	-32.82%	32.98%	35.51%	-3.45%

Revenue by Segment

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Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Revenue from Sale of Products Total Revenue from Sale of Products Growth	354,163	336,268	352,489	342,534	288,300
Total Revenue from Sale of Services Total Revenue from Sale of Services Growth	1,001	1,705	1,332	1,145	934.6
Other Operating Other Operating Growth	671.7	1,083	1,126	1,208	1,778
Other Income Other Income Growth	7,238	5,726	6,880	3,865	3,800

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	86,016	86,016	46,922	54,319	35,066	40,368
Total Debt Total Debt Growth	39,289	39,289	22,903	24,744	19,326	15,869
Net Cash (Debt) Net Cash Growth	46,727	46,727	24,019	29,575	15,739	24,499
Net Cash Growth	94.54%	94.54%	-18.79%	87.90%	-35.76%	-33.46%
Net Cash Per Share Net Cash Per Share Growth	48.73	48.74	25.05	30.84	16.41	25.54

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	70,882	44,240	61,036	41,934	9,865
Capital Expenditures CapEx Growth	-	-14,670	-18,053	-21,990	-12,734	-5,382
Free Cash Flow Free Cash Flow Growth	-	56,212	26,186	39,046	29,201	4,483
Free Cash Flow Growth	-	114.66%	-32.93%	33.72%	551.44%	-86.82%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	43.53%	43.30%	41.87%	42.83%	38.08%	36.39%
Operating Margin	16.20%	15.41%	14.69%	19.03%	15.87%	13.76%
Pretax Margin	17.72%	16.87%	15.05%	20.73%	16.52%	14.45%
Profit Margin	12.81%	12.16%	10.82%	15.41%	11.93%	10.46%
FCF Margin	-	15.80%	7.72%	11.02%	8.48%	1.55%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 2, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	27.500	27.500	24.800	33.300	25.650	19.150
Dividend Per Share Growth	10.89%	10.89%	-25.53%	29.83%	33.94%	7.28%
Dividend Yield	1.00%	1.28%	1.08%	1.21%	0.97%	0.65%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 2, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	55.31	48.02	61.22	50.01	64.51	97.48
P/FCF Ratio	46.88	36.95	85.74	69.93	90.72	659.07
PS Ratio	7.09	5.84	6.62	7.71	7.69	10.19

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 2, 2026

Data Sources Report a data error