Asian Paints Share Price History from 1990 to 2023

In this article, you will find the details of Asian Paints Share Price History. Additionally, we will provide important fundamental details about Asian Paints Shares.

Asian Paints Share Price History

In the early ’90s, Asian Paints began its journey with modest gains. Starting from ₹2.99 in 1990, the stock steadily climbed, enjoying substantial boosts of over 30% in 1991 and 1992. By the mid-’90s, it had reached a then-impressive ₹13.14.

However, not all years in this decade were smooth. 1996 saw a drop of 6.5% in its stock price, bringing it down to ₹12.29. But the company was resilient. Despite minor fluctuations, by the end of the ’90s, it had soared to ₹15.39, showcasing its capability to rebound.

Entering the new millennium, Asian Paints exhibited a pattern of significant growth interspersed with occasional downturns. 2003 was particularly notable, with a growth rate of 55.2%, taking the stock price to ₹33.56.

However, a dramatic surge was seen in 2009 and 2010, when the price nearly tripled from ₹89.35 to ₹286.98—the subsequent decade brought a series of highs and lows. After enjoying a high of ₹3381.95 in 2021, the next few years saw slight reductions, settling at ₹2955.15 by 2023. This journey of Asian Paints over the years highlights the company’s resilience and ability to thrive in the volatile stock market.

Also Read: Bajaj Finance Share Price History

About Asian Paints

Asian Paints, established in 1942, is one of India’s largest and most respected paint companies across Asia. With its inception by four friends in a garage, it has evolved into an industry leader, showcasing a comprehensive range of products for varied surfaces and requirements.

Over the years, the brand has expanded beyond paints to provide holistic home decor solutions, including wallpapers, furnishings, and more. Their commitment to innovation and quality has guided them to establish world-class manufacturing units and a presence in over 60 countries.

What sets Asian Paints apart is its deep-rooted commitment to customer satisfaction. Recognizing its diverse consumer base’s evolving tastes and preferences, the company constantly innovates its product range. Sustainability is also at the core of its operations.

By adopting eco-friendly practices and ensuring products with lower environmental impact, Asian Paints showcases its responsibility towards the planet. Moreover, their consistent performance in the stock market, evident from their decades-long growth trajectory, highlights consumers’ and investors’ trust and confidence in this iconic brand.

Fundamentals of Asian Paints

Here are some primary fundamental data about Asian Paints (until 2023):

Market Capitalization:

Asian Paints boasts a significant market capitalization of ₹ 2,83,558 Cr., highlighting its dominant stock market position and vast investor confidence.

Current Price:

The company’s shares are trading at ₹ 2,954, with a 52-week high and low range between ₹ 3,568 and ₹ 2,686. This fluctuation provides insights into its performance and investor sentiment over the past year.

Price to Earnings Ratio (P/E):

With a Stock P/E of 55.8, Asian Paints is valued at a premium, indicating that investors are willing to pay more for its shares relative to its earnings, possibly due to expected growth or its leadership position in the industry.

Book Value and Price to Book Value:

The book value for Asian Paints stands at ₹ 173. When considering the Price to Book Value ratio 17.1, the market values its assets highly, reflecting the company’s substantial brand value and market reputation.

Dividend Yield:

Offering a dividend yield of 0.87%, the company provides its shareholders with a return in the form of dividends, showcasing its profitability and commitment to sharing profits.

Performance Metrics:

Asian Paints reports a robust Return on Capital Employed (ROCE) of 34.4% and a Return on Equity (ROE) of 27.7%. These figures highlight the company’s effective utilization of capital and equity to generate profits.

Earnings Per Share (EPS):

An EPS of ₹ 52.8 suggests that the company has a commendable earning capacity, which is often an attractive indicator for potential investors.

Debt Position:

The company has a debt of ₹ 2,327 Cr. But with a low Debt to Equity ratio of 0.14, the company has not overly leveraged its equity, indicating a healthy financial position.

Promoter Holding:

With the promoters holding 52.6% of the company’s shares, it underscores their confidence and commitment to the company’s vision and growth prospects.

(Disclaimer: The information is presented ‘as is’ and is intended solely for educational and informational purposes, not for trading decisions or professional advice. We strongly advise conducting your own thorough research before making any investment.)

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