Case study

ASIANPAINT

Asian Paints

Mixed signals
0Score

Asian Paints (ASIANPAINT) Stock Analysis & Case Study

Is ASIANPAINT a good buy? The data-driven verdict.

Asian Paints (ASIANPAINT) trades at ₹2,674,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.

On the numbers, Asian Paints (ASIANPAINT) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 57.7× earnings, ROE of 21.8%. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

The Downstox take on ASIANPAINT

Asian Paints carries a P/E near 58, the kind of multiple the market reserves for a franchise that compounds without stumbling. The 26.3% ROCE and 21.8% ROE still say the core engine prints high returns on capital, which is what the premium is paying for. The harder line is the Piotroski score of 4 out of 9, a middling reading that hints recent operating momentum and balance-sheet quality have softened even as the price stays demanding. With a 1% yield offering little cushion, the question is whether near-term earnings can re-justify a multiple built for flawless execution, so watch margin trend and whether that F-Score recovers.

Downstox editorial view, written by our own analysts. Information, not investment advice.

ASIANPAINT fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹2.56L Cr
Current price
₹2,674
P/E ratio
57.7×
P/B ratio
11.99×
Book value
₹223
Dividend yield
1.03%
ROCE
26.3%
ROE
21.8%
Piotroski F-Score
4/9

Is ASIANPAINT overvalued? ASIANPAINT P/E vs its Consumer

ASIANPAINT's P/E of 57.7× sits above the Consumer peer median of 56.3×, so on earnings it screens in line with peers, while its 1.03% dividend yield is above the peer median of 0.60%.

ASIANPAINT P/E
57.7×
Peer median P/E
56.3×
ASIANPAINT div yield
1.03%
Peer median yield
0.60%

The bull case for ASIANPAINT

  • High return on equity (21.8%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Strong ROCE (26.3%) shows the core business earns well above its cost of capital.

The bear case & risks

  • A rich 57.7× P/E leaves a thin margin of safety if growth slows.
  • A steep 12.0× price-to-book means most of the value is intangible/expectations, not assets on the books.

ASIANPAINT Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. ASIANPAINT scores 4/9,mixed financial health.

ASIANPAINT MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy ASIANPAINT with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox26.9%3.7×
Zerodha22.9%4.4×
Groww23.0%4.4×
DhanCHEAPEST22.0%4.5×

Compare every broker on the ASIANPAINT MTF page.

ASIANPAINT vs peers,Consumer comparison

StockP/EDiv yieldMarket cap
ASIANPAINT (this stock)57.7×1.03%₹2.56L Cr
TITAN75.4×0.25%₹3.88L Cr
HAVELLS43.8×0.85%₹74,032 Cr
BERGEPAINT54.9×0.69%₹64,031 Cr
KALYANKJIL28.6×0.39%₹39,358 Cr
BLUESTARCO61.5×0.51%₹34,246 Cr

About Asian Paints: sector, index & market-cap context

Asian Paints (ASIANPAINT) is a large-cap NSE-listed company in the Consumer sector, and a constituent of the Nifty 50 index group, with a market capitalisation of ₹2.56L Cr. See more Nifty 50 stocks.

How the ASIANPAINT Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Asian Paints's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

ASIANPAINT analysis, FAQs

Is Asian Paints (ASIANPAINT) a good buy?

On the numbers, Asian Paints (ASIANPAINT) mixed signals, a Downstox Snapshot Score of 52/100, weighing expensive at 57.7× earnings, ROE of 21.8%. This is a data snapshot for research, not investment advice.

Is ASIANPAINT overvalued or undervalued?

ASIANPAINT trades at 57.7× earnings versus a peer median of 56.3×, so it screens richer than its Consumer peers.

What is the bull case for ASIANPAINT?

High return on equity (21.8%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (26.3%) shows the core business earns well above its cost of capital.

What are the risks in ASIANPAINT?

A rich 57.7× P/E leaves a thin margin of safety if growth slows. A steep 12.0× price-to-book means most of the value is intangible/expectations, not assets on the books.

More on ASIANPAINT