Asian Paints Limited (NSE:ASIANPAINT)

Asian Paints Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	10,107	4,453	8,293	5,231	6,217	3,464
Short-Term Investments	46,378	12,166	16,569	3,364	12,600	12,312
Trading Asset Securities	-	30,303	29,456	26,470	21,550	31,972
Cash & Short-Term Investments	56,485	46,922	54,319	35,066	40,368	47,748
Cash Growth	99.48%	-13.62%	54.91%	-13.13%	-15.46%	175.77%
Accounts Receivable	44,238	43,243	49,124	46,454	38,735	26,046
Other Receivables	-	4,546	4,440	15,510	4,932	2,597
Receivables	44,238	47,788	53,564	61,964	43,667	28,643
Inventory	60,108	67,193	59,234	62,106	61,530	37,986
Restricted Cash	-	80.8	123.3	80.8	90.6	-
Other Current Assets	18,274	7,933	8,131	6,135	5,869	5,890
Total Current Assets	179,106	169,917	175,371	165,352	151,523	120,266
Property, Plant & Equipment	104,120	98,858	90,008	63,742	55,166	55,049
Long-Term Investments	7,935	19,379	16,315	15,701	11,198	14,747
Goodwill	2,172	2,196	4,192	2,285	2,429	3,026
Other Intangible Assets	3,565	3,692	4,250	1,874	1,860	2,340
Long-Term Accounts Receivable	80.1	135.1	52.9	44	38.8	34.3
Long-Term Deferred Tax Assets	137.3	161.2	233.2	186.7	260.2	142.8
Other Long-Term Assets	16,373	9,376	8,820	8,796	7,369	8,091
Total Assets	313,487	303,714	299,241	257,980	229,845	203,696
Accounts Payable	33,753	38,480	38,313	36,354	41,643	33,787
Accrued Expenses	-	26,432	26,166	26,147	21,147	17,581
Short-Term Debt	-	5,882	10,210	8,736	2,999	1,389
Current Portion of Long-Term Debt	10,465	159	318	224.2	4,312	1,951
Current Portion of Leases	3,093	3,032	2,720	2,315	2,129	1,832
Current Income Taxes Payable	3,377	1,261	1,225	1,637	1,301	1,212
Current Unearned Revenue	-	1,774	1,587	1,133	774	429.7
Other Current Liabilities	31,301	4,391	4,472	2,413	1,405	1,076
Total Current Liabilities	81,989	81,412	85,010	78,959	75,710	59,259
Long-Term Debt	9,108	2,596	543.8	761.5	445.4	145.3
Long-Term Leases	12,905	11,233	10,953	7,289	5,984	5,614
Long-Term Unearned Revenue	-	331.2	352.6	400.5	30	53
Pension & Post-Retirement Benefits	-	448.7	410.4	356.4	334	400.1
Long-Term Deferred Tax Liabilities	3,809	4,049	3,522	3,348	3,489	4,156
Other Long-Term Liabilities	3,673	3,053	4,213	2,406	1,862	1,778
Total Liabilities	111,484	103,123	105,004	93,521	87,854	71,405
Common Stock	959.2	959.2	959.2	959.2	959.2	959.2
Retained Earnings	-	193,276	187,691	160,980	139,167	126,046
Treasury Stock	-	-1,347	-1,102	-1,109	-750	-
Comprehensive Income & Other	194,827	1,110	-265	-908.3	-1,260	1,058
Total Common Equity	195,786	193,998	187,283	159,922	138,116	128,063
Minority Interest	6,217	6,592	6,954	4,537	3,875	4,229
Shareholders' Equity	202,003	200,591	194,237	164,459	141,991	132,292
Total Liabilities & Equity	313,487	303,714	299,241	257,980	229,845	203,696
Total Debt	35,571	22,903	24,744	19,326	15,869	10,931
Net Cash (Debt)	20,914	24,019	29,575	15,739	24,499	36,816
Net Cash Growth	562.80%	-18.79%	87.90%	-35.76%	-33.46%	500.66%
Net Cash Per Share	21.81	25.05	30.84	16.41	25.54	38.38
Filing Date Shares Outstanding	958.14	959.2	959.2	959.2	959.2	959.2
Total Common Shares Outstanding	958.14	959.2	959.2	959.2	959.2	959.2
Working Capital	97,117	88,505	90,361	86,392	75,813	61,007
Book Value Per Share	204.34	202.25	195.25	166.73	143.99	133.51
Tangible Book Value	190,050	188,111	178,842	155,763	133,827	122,697
Tangible Book Value Per Share	198.35	196.11	186.45	162.39	139.52	127.92
Land	-	3,982	4,446	4,470	4,453	4,345
Buildings	-	24,525	18,542	18,277	16,885	16,821
Machinery	-	81,300	59,217	51,934	48,496	46,406
Construction In Progress	-	12,545	26,984	10,196	4,264	1,830
Leasehold Improvements	-	1,202	277.5	103.1	99.9	101.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.