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Asian Paints stock: key metrics
ASIANPAINT.NSAsian Paints had an operating margin of 15.4% and a return on invested capital (ROIC) of 22.9% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 38.3% | 12.4% | 7.7% |
| 2008 | 40.0% | 15.1% | 9.7% |
| 2009 | 36.8% | 11.9% | 7.7% |
| 2010 | 43.8% | 18.8% | 13.2% |
| 2011 | 41.9% | 16.0% | 10.9% |
| 2012 | 38.2% | 15.2% | 10.6% |
| 2013 | 38.7% | 14.6% | 10.2% |
| 2014 | 39.3% | 16.6% | 9.6% |
| 2015 | 42.6% | 29.7% | 9.9% |
| 2016 | 42.3% | 30.0% | 12.4% |
| 2017 | 43.4% | 30.9% | 13.0% |
| 2018 | 41.1% | 28.5% | 12.2% |
| 2019 | 40.5% | 29.4% | 11.3% |
| 2020 | 42.7% | 30.1% | 13.5% |
| 2021 | 43.2% | 31.3% | 14.6% |
| 2022 | 36.4% | 26.0% | 10.5% |
| 2023 | 38.1% | 28.0% | 11.9% |
| 2024 | 42.8% | 31.7% | 15.4% |
| 2025 | 41.8% | 29.3% | 10.8% |
| 2026 | 43.7% | 15.4% | 12.2% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 36.4% | 28.7% | 14.0% |
| 2008 | 43.6% | 40.3% | 17.0% |
| 2009 | 34.9% | 34.5% | 14.8% |
| 2010 | 51.7% | 53.5% | 23.4% |
| 2011 | 38.5% | 39.8% | 18.4% |
| 2012 | 37.1% | 41.1% | 17.3% |
| 2013 | 32.9% | 40.7% | 16.4% |
| 2014 | 30.2% | 48.3% | 15.2% |
| 2015 | 29.4% | 80.9% | 15.7% |
| 2016 | 31.1% | 69.9% | 17.2% |
| 2017 | 25.5% | 61.3% | 15.6% |
| 2018 | 24.2% | 46.1% | 14.8% |
| 2019 | 22.6% | 45.8% | 13.8% |
| 2020 | 26.7% | 49.1% | 16.7% |
| 2021 | 24.5% | 51.0% | 15.4% |
| 2022 | 21.9% | 52.0% | 13.2% |
| 2023 | 25.7% | 55.7% | 15.9% |
| 2024 | 29.2% | 56.1% | 18.2% |
| 2025 | 18.9% | 42.3% | 12.1% |
| 2026 | 20.2% | 22.9% | 12.5% |
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.