Asian Paints stock
ASIANPAINT.NSNSEAsian Paints Limited, Basic MaterialsISIN INE021A01026
66Score 66 out of 100, Neutral
Price and trend
61 / 100
Price history
−8.4% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 1.2% above it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Overheated: the price has risen very quickly lately (RSI 75).
The price is 15% below its 52-week high. Largest decline in 20 years: 45% (June 2008 to March 2009).
Chart figures for advanced users
- SMA 50$25.69
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$26.64
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)75
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$22.55
- The lowest closing price of the last twelve months.
- Resistance$31.55
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Asian Paints Limited belongs to the Chemicals (Specialty) industry (India) and, with a market value of $25.84B, is number 12 of 106 companies in its industry on MEQIRI.
- In fiscal 2026 it reported revenue of $3.77B (up 4.9% year on year) and earnings of $459.73M (up 17.9%).
- For fiscal 2027, analysts expect on average revenue of $4.43B (up 17.3%) and adjusted earnings per share of $0.57 (up 19%).
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- MEQIRI Score 66 out of 100 (Neutral): rank 117 of 461 in Basic Materials, median 57.
- The P/E is 50.2 (Chemicals (Specialty) median 22.5, own median of recent years 59.8).
- Our model puts fair value at $12.71, with the price 112% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High return on capitalReturn on invested capital 22.9% in fiscal 2026, Chemicals (Specialty) median 5.9%.Profitability 79
- Consistently profitableProfit in all 10 fiscal years from 2017 to 2026.Fundamentals 79
- More cash than debtCash $650.97M, financial debt $488.47M.Stability 93
Weaknesses
- Above fair valuePrice 112% above the fair value of $12.71.Valuation 12
- Margin fallingOperating margin 15.4%, average of the prior years 29.3% (to 2025).
Its standout strengths are stability and capital allocation, while valuation holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 67 to 66.
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk not measured
How well MEQIRI warnsFor stocks from Japan, China, Hong Kong, Taiwan, Korea, Canada, India and Brazil we only show crash risk once a separate backtest shows that it warns as well there as in the US and Europe.
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $10.59 and expensive above $15.89 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $13.34 (cash-flow model) and $12.08 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 12.9%. At 13.9% the fair value would be $11.67, at 11.9% it would be $14.19.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (22.5).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 12.3% on the twelve months before. Revenue has grown strongly since 2007, at around 13% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 44%, operating 15%, net 12%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 19 Jan 2027in 67 days
- Last reported
- 29 Oct 2026EPS reported $0.12 (expected $0.13)below expectations
Analyst estimates
Earnings estimates have barely changed since 22 Oct 2026.
- Earnings per share
- $0.57−1.1%
- Revenue
- $4.43B+1.4%
- Earnings per share
- $0.64−1.1%
- Revenue
- $4.77B+1.6%
MEQIRI has stored the estimates since 22 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Asian Paints
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
461 rated companies in Basic Materials
- This company
- 66
- Sector median
- 57
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Chemicals (Specialty)
The next larger and next smaller companies by market value
- Wanhua Chemical Group600309.SS $32.36B59
- dsm-firmenichDSFIR.AS $28.47B57
- NovozymesNSIS-B.CO $27.62B53
- PPG IndustriesPPG $27.03B70
- Ems-Chemie HoldingEMSN.SW $23.81B74
- LyondellBasell IndustriesLYB $20.65B63
- Nippon Paint Holdings4612.T $20.62B76
- International Flavors & FragrancesIFF $20.13B47
ETFs that hold Asian Paints
Held by 27 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI India UCITS ETFQDV5 | 0.72% | 0.65% | €4.98B |
| Amundi MSCI Emerging Markets SRI Climate Paris Aligned UCITS ETF DR (C)AMEI | 0.61% | 0.25% | €2.64B |
| iShares MSCI EM SRI UCITS ETF36B5 | 0.57% | 0.25% | €496.05M |
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| iShares MSCI EM CTB Enhanced ESG UCITS ETFEDM2 | 0.30% | 0.18% | €7.25B |
| iShares Edge MSCI EM Minimum Volatility UCITS ETFEUNZ | 0.30% | 0.40% | €435.04M |
| Amundi MSCI EM Asia ESG Broad Transition UCITS ETF AccLCUA | 0.25% | 0.25% | €661.06M |
| Amundi MSCI Emerging Markets ESG Selection UCITS ETF DR (C)SADM | 0.16% | 0.18% | €1.07B |
| iShares MSCI EM Asia UCITS ETFCEBL | 0.11% | 0.20% | €7.14B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 12 Nov 2026, previously Strong
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.