The appropriate company to invest in might make all the difference when it comes to stock market investing. ASIAN PAINTS is one such business that has been in the news recently regarding the Indian stock market. ASIAN PAINTS is one of the top companies in the Indian paint sector, with a market worth of approximately Rs. 295,859 crores.
As a shareholder, you might be considering whether to purchase ASIAN PAINTS shares and what the company’s share price objective for the future might be. To assist you in making an informed choice, we will examine the company’s financial performance, growth forecasts, and market trends in greater detail in this piece. As well as forecasting the company’s prospective price targets for the years 2023 to 2030, we’ll also examine the past price changes of its stock. Let’s investigate ASIAN PAINTS’ potential future on the Indian stock market now.
Asian Paints said that in the last quarter of FY23, its consolidated net profit increased by 45% year over year (YoY) to Rs 1,234 crore. In the equivalent quarter of the previous year, it was Rs 850 crore. In the March quarter, operating revenue increased 11% to Rs 8,787 crore from Rs 7,893 crore in the same quarter the previous year. Profit before depreciation, interest, tax, other income, and unusual items for the firm increased 29% to Rs 1,865 crore from Rs 1,443 crore a year earlier. In the fourth quarter, gross margins rose sequentially by 390 basis points. Sales surged 19% YoY to Rs 34,368 crore for the entire year, and profit rose 35% YoY to Rs 4,106 crore. With a 14% volume rise and a 20% value gain in our solo business, it has been a fantastic year for us. According to Amit Syngle, MD and CEO of Asian Paints, “Our growths in both the Industrial coatings have been stellar, growing double digits in volume and value, delivering one of the highest profits in the last two decades.” International business sales decreased 3% in the fourth quarter to Rs 794 crore due to the exchange crisis, liquidity issues, and general economic unpredictability. Due to weak retail demand, bath fittings sector sales in the ornamental segment decreased 10% to Rs 96 crore in Q4.
Latest news about ASIAN PAINTS
➤Asian Paints still has an underweight rating from Morgan Stanley, and their target price is Rs 2546.
➤The CEO of Asian Paints downplays the Pidilite problem and targets Rs 55,000 crore in sales over the next three years.
➤Asian Paints has declared a dividend of Rs 21.25 per share.
How to purchase ASIAN PAINTS shares?
Below are the trading platforms that you can use to purchase ASIAN PAINTS shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of ASIAN PAINTS: 2023 to 2030
Share Price Target for ASIAN PAINTS in 2023
| when | Maximum Price | Minimum Price |
| May 2023 | ₹2,651.92 | ₹2,039.94 |
| June 2023 | ₹3,182.30 | ₹2,447.92 |
| July 2023 | ₹3,818.76 | ₹2,937.51 |
| August 2023 | ₹4,200.64 | ₹3,231.26 |
| September 2023 | ₹4,410.67 | ₹3,392.82 |
| October 2023 | ₹4,200.64 | ₹3,231.26 |
| November 2023 | ₹4,620.70 | ₹3,554.38 |
| December 2023 | ₹5,175.18 | ₹3,980.91 |
We can say that ASIAN PAINTS share price is expected to undergo a bullish uptrend in 2023, with a gradual increase in maximum price from ₹2,893.00 in March to ₹5,175.18 in December. However, there are also expected dips in prices during certain months, such as May and October, with minimum prices dropping to ₹2,039.94 and ₹3,231.26, respectively. Overall, the predicted growth percentage for ASIAN PAINTS in 2023 is around 57%, indicating a positive outlook for the company’s financial performance.
Share Price Target for ASIAN PAINTS in 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹5,447.56 | ₹4,190.43 |
| February 2024 | ₹6,120.86 | ₹5,100.71 |
| March 2024 | ₹6,443.01 | ₹5,238.22 |
| April 2024 | ₹5,857.28 | ₹4,505.60 |
| May 2024 | ₹4,881.07 | ₹3,754.67 |
| June 2024 | ₹5,857.28 | ₹4,505.60 |
| July 2024 | ₹4,978.69 | ₹3,859.45 |
| August 2024 | ₹5,476.56 | ₹4,346.47 |
| September 2024 | ₹5,750.38 | ₹4,423.37 |
| October 2024 | ₹6,765.16 | ₹5,203.97 |
| November 2024 | ₹7,103.41 | ₹5,464.16 |
| December 2024 | ₹7,245.48 | ₹5,573.45 |
It is easy for us to tell that ASIAN PAINTS’ share price target for 2024 indicates a mixed outlook for investors. The maximum share price target is expected to reach ₹7,245.48 in December, while the minimum share price target is projected to be ₹3,754.67 in May. This indicates that there may be potential for high returns for investors who invest in ASIAN PAINTS in the right months. However, the table also shows that there may be bearish trends in the market, with minimum prices dropping as low as ₹3,754.67 in May and ₹3,859.45 in July. Therefore, investors should closely monitor market trends and the company’s performance before making investment decisions in 2024.
Share Price Target for ASIAN PAINTS in 2025
| When | Maximum Price | Minimum Price |
| January 2025 | ₹7,390.39 | ₹5,684.92 |
| February 2025 | ₹7,779.36 | ₹5,984.12 |
| March 2025 | ₹8,168.33 | ₹6,283.33 |
| April 2025 | ₹7,293.15 | ₹5,610.12 |
| May 2025 | ₹6,630.14 | ₹5,100.10 |
| June 2025 | ₹7,293.15 | ₹5,610.12 |
| July 2025 | ₹6,945.86 | ₹5,342.97 |
| August 2025 | ₹7,235.27 | ₹5,565.59 |
| September 2025 | ₹7,597.03 | ₹5,843.87 |
| October 2025 | ₹8,052.85 | ₹6,194.50 |
| November 2025 | ₹8,616.55 | ₹6,628.12 |
| December 2025 | ₹8,788.88 | ₹6,760.68 |
Analyzing the price targets, ASIAN PAINTS’ share price target for 2025 indicates an average target of around ₹7,749.61, with a maximum target of ₹8,788.88 in December and a minimum target of ₹5,100.10 in May. This suggests a potential upside for investors who hold ASIAN PAINTS stocks for the long term. Based on the data, it may be recommended to buy ASIAN PAINTS stocks during the months when the prices are low, such as May or July, and hold on to them until the prices increase in the later months of the year. Overall, ASIAN PAINTS may present a promising investment opportunity for long-term investors in 2025.
Share Price Target for ASIAN PAINTS in 2026-2030
| Year | Maximum Price | Minimum Price |
| 2023 | ₹5,175.18 | ₹2,039.94 |
| 2024 | ₹7,245.48 | ₹4,190.43 |
| 2025 | ₹8,788.88 | ₹5,610.12 |
| 2026 | ₹6,152.22 | ₹4,306.55 |
| 2027 | ₹5,229.39 | ₹3,660.57 |
| 2028 | ₹9,412.89 | ₹6,589.03 |
| 2029 | ₹19,335.54 | ₹13,534.88 |
| 2030 | ₹21,532.77 | ₹15,072.94 |
According to the given data, ASIAN PAINTS share price is expected to have a mixed performance from 2026 to 2030. In 2026, the stock’s maximum price target is ₹6,152.22, while the minimum price target is ₹4,306.55. However, in 2027, the maximum price target is only ₹5,229.39, indicating a potential bearish trend. In 2028, the stock is expected to have a significant growth, with a maximum price target of ₹9,412.89 and a minimum price target of ₹6,589.03. The year 2029 is expected to be bullish for ASIAN PAINTS, with a maximum price target of ₹19,335.54 and a minimum price target of ₹13,534.88. Similarly, in 2030, the stock is expected to continue its bullish trend, with a maximum price target of ₹21,532.77 and a minimum price target of ₹15,072.94.
It’s critical to remember that these are merely projections and not assurances. There are dangers connected with every investment, as there always are. Before making any investments, it is advisable to conduct your own research and speak with a financial counsellor. Nonetheless, based on the anticipated growth rates and objectives, ASIAN PAINTS can be an excellent long-term investment choice for those looking for possible stock market gains.
Financial Condition of Apollo Hospitals: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 16,824.55 | 19,240.13 | 20,211.25 | 21,712.79 | 29,101.28 |
| Expenses | 13,620.54 | 15,475.19 | 16,054.43 | 16,857.19 | 24,297.67 |
| Operating Profit | 3,204.01 | 3,764.94 | 4,156.82 | 4,855.60 | 4,803.61 |
| Other Income | 336.41 | 273.77 | 355.05 | 331.65 | 295.88 |
| Depreciation | 360.47 | 622.14 | 780.5 | 791.27 | 816.36 |
| Interest | 41.47 | 110.47 | 102.33 | 91.63 | 95.41 |
| Profit before tax | 3,138.48 | 3,306.10 | 3,629.04 | 4,304.35 | 4,187.72 |
| Tax | 1,040.96 | 1,098.06 | 854.85 | 1,097.60 | 1,102.91 |
| Net profit | 2,038.93 | 2,155.92 | 2,705.17 | 3,139.29 | 3,030.57 |
| EPS | 21.26 | 22.48 | 28.2 | 32.73 | 31.59 |
| Price to earning | 52.71 | 66.41 | 59.09 | 77.53 | 97.48 |
| Price | 1,120.40 | 1,492.70 | 1,666.50 | 2,537.40 | 3,079.95 |
| RATIOS: | |||||
| Dividend Payout | 40.93% | 46.72% | 42.55% | 54.54% | 60.61% |
| OPM | 19.04% | 19.57% | 20.57% | 22.36% | 16.51% |
Asian Paints has shown consistent growth over the last five years, with revenue increasing from INR 16,824.55 crore in FY18 to INR 29,101.28 crore in FY22, representing a growth of approximately 73%. The company’s net profit has also steadily grown from INR 2,038.93 crore in FY18 to INR 3,030.57 crore in FY22, which is a growth of around 49%. The company’s operating profit has shown a gradual increase from INR 3,204.01 crore in FY18 to INR 4,803.61 crore in FY22, although it has shown some fluctuations over the years. The dividend payout ratio has also increased over the years, indicating the company’s strong financial position. However, the OPM has decreased in FY22, indicating a decline in profitability. Overall, Asian Paints has shown consistent growth in revenue and profits, with some fluctuations in operating profit and profitability.
ASIAN PAINTS SHARE PRICE TARGET BY EXPERTS
MOTILAL OSWAL ON ASIAN PAINTS SHARE PRICE TARGET
Motilal Oswal has suggested buying Asian Paints with a target price of Rs 3090.
PRABHUDAS LILLADHER ON ASIAN PAINTS SHARE PRICE TARGET
Prabhudas Lilladher recommended accumulating a rating on Asian Paints with an expected price of Rs 3150 in its research.
KR CHOKSEY ON ASIAN PAINTS SHARE PRICE TARGET
KR Choksey gave a buy rating to Asian Paints with a price prediction of Rs 3564.
NOMURA ON ASIAN PAINTS SHARE PRICE TARGET
Nomura has adjusted its price projection for Asian Paints from Rs 3475 to Rs 3700.
Can ASIAN PAINTS reach a share price of INR 8,000?
Based on the information available, it is difficult to predict if ASIAN PAINTS can reach a share price of INR 8,000 in the future. While the company has shown consistent growth in revenue and net profit over the last five years, it is important to note that past performance is not a guarantee of future success. Additionally, stock prices are influenced by a multitude of factors such as market trends, economic conditions, and company performance, which can change rapidly and unpredictably. It is advisable to consult a financial advisor and conduct thorough research before making any investment decisions.
FAQs
What is the current share price of ASIAN PAINTS?
As of March 2023, the current share price of ASIAN PAINTS is INR 3,084.45.
What is the dividend payout ratio of ASIAN PAINTS?
The dividend payout ratio of ASIAN PAINTS has been steadily increasing and was 60.61% in March 2022.
How has the revenue of ASIAN PAINTS grown in the last five years?
ASIAN PAINTS has seen a steady increase in revenue over the last five years, with a growth rate of 72.75%.
What is the operating profit margin of ASIAN PAINTS?
The operating profit margin of ASIAN PAINTS has fluctuated over the last five years, with a high of 22.36% in March 2021 and a low of 16.51% in March 2022.
What is the EPS of ASIAN PAINTS?
The EPS of ASIAN PAINTS has been steadily increasing over the last five years, with a growth rate of 35.5% YoY it is currently 42.81.
What is the price-to-earnings ratio of ASIAN PAINTS?
The price-to-earnings ratio of ASIAN PAINTS has been increasing over the last five years, currently at 72.05 in May 2023.
Is ASIAN PAINTS a good buy for long-term investment?
Based on its past performance and projected growth, ASIAN PAINTS may be a good buy for long-term investment. However, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
CONCLUSION
Asian Paints has demonstrated a great performance based on the income growth, PAT, sales growth, and profit growth in the last five years. Throughout the previous five years, the company routinely reported sales growth rates of above 10%, with the biggest growth rate occurring in 2022 at 37%. The profit after tax (PAT), which has experienced an average growth rate of 12% annually, has also been excellent. In addition, the dividend distribution for the corporation has increased, going from 40.93% in 2018 to 60.61% in 2022.
Asian Paints is anticipated to maintain its impressive performance in 2023, with sales growth of 15% and PAT increase of 10% both anticipated. These facts, along with the business’ solid financial status and market position, make it an appealing investment choice.
In conclusion, investors searching for a long-term investment strategy should absolutely take Asian Paints shares into consideration. The business has made a name for itself as a leader in the paints sector because to its remarkable growth rates and solid financials.
Neelam is a talented writer and financial analyst, currently studying at Hansraj College. She is a regular contributor to Trickyfinance, where she covers a range of topics including price prediction, stock market news, and market analysis. Neelam’s passion for finance and economics led her to pursue a writing career in the financial industry, where she has gained valuable experience and insights into the workings of the market. In her free time, Neelam enjoys reading and conducting her own market analysis to stay up-to-date with the latest trends and developments in the industry.
