consumer

Asian Paints

ASIANPAINT · Nifty 50

2,738

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 61.0 (56%ile of 5Y range 44-80). Trading near median.
Sector Positionconsumer sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score100/100 (STRONG). 2 positive flags, 2 concerns.
Historical Context174 similar technical setups. Average outcome: -7.5% decline. 0% positive.
Revenue TrendRevenue growing at 10.6% YoY. Moderate revenue growth — 10.6% YoY

Fundamental

100/100

STRONG

Trust

95/100

Verification

Coverage

89/100

HIGH

Quick Take

Asian Paints scores 100/100 on fundamentals (strong). Asian Paints: PE above historical average. BROAD EXPANSION regime.

Fundamental Score: 100/100 · STRONG · 2 signals detected

DuPont Analysis

ROE 20.2% broken into three drivers. Each shows how efficiently the company generates returns.

ROE20.2%=
12.2%Net Margin
×
1.0xTurnover
×
1.6xLeverage

ROE of 20.24% is strong efficiency-driven and stable. Net margin of 12.2% × asset turnover of 1.03x × leverage of 1.6x.

What This Means

Net margin of 12.2% means the company keeps ₹12.2 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 1.03x means the company efficiently uses its assets to generate revenue. Leverage of 1.6x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

43.7%

Operating

17.4%

Net

12.2%

improving

Gross margin 43.7% → operating margin 17.4% → net margin 12.2%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Earnings Quality

STRONG

Cash flow covers net income 1.6x — earnings are HIGH QUALITY. The company converts profit to cash efficiently.

Debt Sustainability

COMFORTABLE

Interest covered 31.7x — very comfortable. Debt service is not a concern. Debt/EBITDA at 0.5x is low — balance sheet has capacity.

Free Cash Flow

STRONG

FCF margin at 15.8% — strong cash generation. Business is self-funding.

Peer Comparison

Asian Paints is compared against 10 peers in the consumer sector.

Key Watchpoints

🟢

Breaks above ₹2875 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹2601 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 59.5

Valuation normalization

🟢

Consumer sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (71.5%) than equity (10.2%)
✅ High Earnings Quality: Cash flow covers earnings 1.6x — strong cash conversion

Risk Flags

🔴 1 Critical⚠️ 1 Warning2 Positive4 total flags
🔴Cash covers only 7% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

⚠️Audit risk elevated: 9/10
Governance

Potential accounting concerns. Cross-check with earnings quality flags.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

Assets relatively new (31% depreciated)
Balance Sheet

Modern asset base. Lower near-term capex requirements.

⚠️ 1 critical + 1 warning flags. Exercise caution.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
61.0HIGH
P/B Ratio
12.3HIGH
ROE
20.9%HIGH
Market Cap
₹26337791.2L CrHIGH
From 52W High
92% of high
Promoter Holding
52.9%MODERATE
Institutional
28.1%
Sector Peers
10
Asian Paints Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight