Financials of Asian Paints Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Asian Paints Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +8,6378,7879,1828,4799,1038,7318,9708,0288,5498,3598,9398,5318,867
Expenses +7,0256,9237,0616,7627,0477,0397,2766,7886,9136,9237,3147,0287,086
Operating Profit1,6111,8652,1211,7162,0561,6911,6941,2401,6371,4361,6251,5031,781
OPM %19%21%23%20%23%19%19%15%19%17%18%18%20%
Other Income +12210422819418621219325193-6022923769
Interest41394651545455635653444448
Depreciation214220198209220226228242256301301305313
Profit before tax1,4781,7102,1051,6511,9681,6241,6049591,5181,0221,5091,3921,489
Tax %26%26%25%25%25%21%26%28%26%31%26%27%28%
Net Profit +1,0971,2581,5751,2321,4751,2751,1876941,1287011,1171,0181,074
EPS in Rs11.1812.8716.1612.5715.0913.1012.207.2411.587.2211.4710.3611.05

Financials of Asian Paints Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +12,22013,61514,27115,06216,82519,24020,21121,71329,10134,48935,49533,90634,696
Expenses +10,21711,37211,54612,06813,62115,47516,04916,85724,29828,22927,91027,89928,350
Operating Profit2,0042,2432,7252,9943,2043,7654,1624,8564,8046,2607,5856,0066,346
OPM %16%16%19%20%19%20%21%22%17%18%21%18%18%
Other Income +124142213338336274350332296431821350475
Interest48424937411101029295144205227189
Depreciation2462662763353606227807918168588531,0261,220
Profit before tax1,8342,0772,6142,9603,1383,3063,6294,3044,1885,6897,3485,1035,412
Tax %31%31%32%32%33%33%24%26%26%26%24%27%
Net Profit +1,2631,4271,8032,0162,0982,2082,7743,2073,0854,1955,5583,7103,910
EPS in Rs12.7114.5418.1920.2221.2622.4828.2032.7331.5942.8156.9238.2340.10
Dividend Payout %42%42%41%51%41%47%43%55%61%60%58%65%

Financials of Asian Paints Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital96969696969696969696969696
Reserves3,9434,6466,4297,5088,3149,37510,03412,71013,71615,89618,63219,30419,483
Borrowings +2494183235605331,3201,1181,0931,5871,9332,4742,2903,557
Other Liabilities +3,7873,7543,7114,2414,8205,4594,8896,4567,5607,8548,6988,6658,213
Total Liabilities8,0758,91410,55912,40513,76316,24916,13820,35522,95825,77929,90130,35531,349
Fixed Assets +2,5622,6603,4163,3043,7326,4976,2725,8595,5195,7707,1479,2209,219
CWIP721961072581,4052101401834261,0202,6981,2541,766
Investments1,4241,5882,7122,6522,1412,5692,0194,7373,2484,2624,5884,7255,431
Other Assets +4,0194,4714,3246,1926,4856,9747,7079,57713,76514,72815,46815,15614,932
Total Assets8,0758,91410,55912,40513,76316,24916,13820,35522,95825,77929,90130,35531,349

Financials of Asian Paints Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +1,4021,1882,2431,5272,1132,4703,0383,6839864,1936,1044,424
Cash from Investing Activity +-586-465-866-681-1,556-918-518-541-317-1,282-2,548-941
Cash from Financing Activity +-626-576-849-756-1,379-1,117-2,871-650-1,808-2,140-2,982-3,753
Net Cash Flow19014752890-822434-3512,492-1,138771573-270
Free Cash Flow1,1677501,4418607051,3362,6613,4224752,7743,6132,604
CFO/OP94%81%112%82%100%92%97%98%45%91%105%97%

Financials of Asian Paints Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days333230353836324449495046
Inventory Days121123108138117119127134142121122142
Days Payable102848410195908011996717981
Cash Conversion Cycle5270547260657959949993107
Working Capital Days51115222216343757544952
ROCE %45%42%42%38%36%33%33%34%29%34%38%26%