Asian Paints share price has been attracting attention from investors. As the market continuously evolves, many are wondering about Asian Paints share price target for 2023 to 2030 and whether it’s a good stock to buy for long-term growth.
The company has recently announced its plans to invest ₹2,000 crores in a new plant, which has sparked even more interest in the stock. In this article, we will be exploring the future prospects of Asian Paints and answering the question of whether it’s a good auto stock to buy.
By analyzing the company’s financials, market trends, and other relevant data, we aim to provide readers with a comprehensive overview of the Asian Paints share price target for 2023 to 2030.
About the Company
Asian Paints Ltd. is one of the largest paint companies in India, and is well known for its quality products and services. Founded in 1942, the company has grown to become a leader in the Indian paint industry. With its extensive portfolio of products and services, Asian Paints offers a variety of solutions for both home and commercial spaces. Its range of products includes interior and exterior paints, varnishes, wood finishes, textured finishes, and more.
Asian Paints also manages a large number of services, like color consultancy, painting, and wallpapering. Asian Paints is committed to providing customers with the highest quality products and services, while also ensuring a safe and eco-friendly environment.
Asian Paints has won numerous awards and accolades, including being named one of the top five paint companies in the world by the Financial Times. With its commitment to innovation and quality, Asian Paints continues to be at the forefront of the paint industry.
Stock history
Asian Paints Ltd. share price has had a volatile history since it was listed on the Bombay Stock Exchange in 1994. Over the years, Asian Paints’ stock price has been known to be volatile due to external factors such as economic cycles and commodity prices. In the past decade, Asian Paints’ stock price has been largely positive.
The stock price has increased from around Rs. 100 in 2010 to Rs. 2950 in January 2023. The stock has also outperformed the benchmark Nifty 50 Index over the same period, delivering a return of 1260%.
In the last five years, Asian Paints’ stock price has grown by more than 200%, which is significantly higher than the Nifty 50 Index’s growth of roughly 60%.
Asian Paints Ltd. in recent news
- Asian Paints has reported current liabilities amounting to Rs 7,895.93 crore and a current ratio of 2.09.
- Asian Paints Ltd has announced its purchase of an additional 11% stake in Mumbai-based home decor company, White Teak, for a total of ₹54 crore.
- Asian Paints demonstrates robust financial health, boasting a Pitroski Score of 6.0 and an impressive Z Score of 25.17.
- Asian Paints witnessed a slight uptick in its stock price, while the building materials sector showcased a remarkable growth in returns.
- International brokerage firm Jefferies suggests that the entry of Grasim into the paint industry would intensify competition for Asian Paints. As per market share data, Asian Paints currently holds the leading position as the top paint and décor manufacturer in India.
Asian Paints Share Price Target by Brokerage Firms and Experts
- KR Choksey Recommends Buying Asian Paints with a Target Price of Rs 3564
- Motilal Oswal Maintains Neutral Stance on Asian Paints with a Target Price of Rs 3120
- Sharekhan Suggests Buying Asian Paints with a Target Price of Rs 3510
- Prabhudas Lilladher Advises Accumulating Asian Paints with a Target Price of Rs 3360
How to buy Asian Paints Ltd. shares
To buy Asian Paints Ltd. shares, you need to open a trading account with a broker, deposit funds into your trading account, search for Asian Paints Ltd. in the stock market, select the buy option, specify the number of shares you wish to buy, and finally, place the order. Once your order is executed, the shares will be credited into your trading account. Some of the online trading platforms are:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
Asian Paints Limited Share Price Prediction 2023 to 2030
Asian Paints Limited Share Price Target 2023 is ₹4,037.02
| When | Maximum Price | Minimum Price |
| August 2023 | ₹3,476.80 | ₹2,920.62 |
| September 2023 | ₹3,440.64 | ₹2,946.65 |
| October 2023 | ₹3,576.80 | ₹2,920.62 |
| November 2023 | ₹3,604.48 | ₹3,072.68 |
| December 2023 | ₹4,037.02 | ₹3,305.40 |
Asian Paints share price for 2023 shows a bullish trend in the market. The minimum price is ₹2,909.56 in June 2023, while the maximum price is ₹4,037.02 in December 2023, indicating a growth percentage of over 33% within a year.
This is a significant uptrend in the market and can be attributed to various factors such as the company’s recent announcement of investing ₹2,000 crores in a new plant, strong financial performance, and positive market sentiment. It is important to note that this is a prediction based on historical data and market trends, and actual market conditions can vary.
As of June 7th, 2023, Asian Paints is currently trading around 3221INR. The reason I am bullish on this Paint stock is because it is a market leader in the Paints industry and we expect it to stay that way for another 5-10 years.
Asian Paints Limited Share Price Target 2024 is ₹5,652.00
| When | Maximum Price | Minimum Price |
| January 2024 | ₹4,249.49 | ₹3,268.84 |
| February 2024 | ₹4,774.71 | ₹3,978.93 |
| March 2024 | ₹5,026.01 | ₹4,086.19 |
| April 2024 | ₹4,569.10 | ₹3,514.69 |
| May 2024 | ₹3,807.59 | ₹2,928.91 |
| June 2024 | ₹4,569.10 | ₹3,514.69 |
| July 2024 | ₹3,883.74 | ₹3,010.65 |
| August 2024 | ₹4,272.11 | ₹3,390.56 |
| September 2024 | ₹4,485.72 | ₹3,450.55 |
| October 2024 | ₹5,277.31 | ₹4,059.47 |
| November 2024 | ₹5,541.18 | ₹4,262.45 |
| December 2024 | ₹5,652.00 | ₹4,347.69 |
The table represents the bullish trend for 2024, and it suggests a stable growth in the market. The minimum price for the year is ₹2,928.91 in May 2024, while the maximum price is ₹5,652.00 in December 2024, indicating a growth of over 90%. This stability in the market can be attributed to the company’s consistent performance and continued investment in the expansion of its operations. The predicted growth percentage for 2024 is significant, and it showcases the potential for long-term investment in the stock.
Asian Paints Limited Share Price Target 2025 is ₹6,855.97
| When | Maximum Price | Minimum Price |
| January 2025 | ₹5,765.04 | ₹4,434.65 |
| February 2025 | ₹6,068.47 | ₹4,668.05 |
| March 2025 | ₹6,371.89 | ₹4,901.45 |
| April 2025 | ₹5,689.19 | ₹4,376.30 |
| May 2025 | ₹5,171.99 | ₹3,978.45 |
| June 2025 | ₹5,689.19 | ₹4,376.30 |
| July 2025 | ₹5,418.27 | ₹4,167.90 |
| August 2025 | ₹5,644.03 | ₹4,341.56 |
| September 2025 | ₹5,926.24 | ₹4,558.64 |
| October 2025 | ₹6,281.81 | ₹4,832.16 |
| November 2025 | ₹6,721.54 | ₹5,170.41 |
| December 2025 | ₹6,855.97 | ₹5,273.82 |
The table shows an upward trend in the market for 2025. The minimum price for the year is ₹3,978.45 in May 2025, while the maximum price is ₹6,855.97 in December 2025, indicating a growth of over 70%. This consistent growth in the market can be attributed to the company’s strong performance and continued investment in expanding its operations. The predicted growth percentage for 2025 is substantial, and it provides a bullish outlook for investors interested in the stock.
Asian Paints Limited Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹4,799.18 | ₹3,359.42 |
| 2027 | ₹4,079.30 | ₹2,855.51 |
| 2028 | ₹7,342.74 | ₹5,139.92 |
| 2029 | ₹15,083.13 | ₹10,558.19 |
| 2030 | ₹16,797.12 | ₹11,757.98 |
The year 2026 seems to be a mixed year for Asian Paints as the maximum price is expected to reach ₹4,799.18 while the minimum price is estimated at ₹3,359.42.
However, in the following year 2027, the share price is expected to see a dip with a maximum price of ₹4,079.30 and a minimum price of ₹2,855.51. But, the scenario changes in 2028 with a significant growth in the share price, where the maximum price is estimated at ₹7,342.74 and the minimum price at ₹5,139.92.
This bullish trend continues in 2029 with a maximum price of ₹15,083.13 and a minimum price of ₹10,558.19.
Finally, in 2030, the share price is expected to reach a new height with a maximum price of ₹16,797.12 and a minimum price of ₹11,757.98.
Asian Paints Limited Financial Condition: Last 5 years
| Financial Year | March 2019 | March 2020 | March 2021 | March 2022 | March 2023 |
| Total Revenue Earned (Rs. Cr.) | 19,473.17 | 20,515.56 | 22,015.84 | 29,481.29 | 34,875.07 |
| Total Expenses (Rs. Cr.) | 16,202.00 | 16,932.31 | 17,740.09 | 25,209.44 | 29,231.22 |
| Profit Before Tax (Rs. Cr.) | 3,271.17 | 3,583.25 | 4,275.75 | 4,156.15 | 5,594.98 |
| Profit After Tax (Rs. Cr.) | 2,167.31 | 2,723.45 | 3,178.15 | 3,053.24 | 4,101.48 |
| Operating Profit Margin (%) | 16.82% | 17.48% | 19.42% | 14.07% | 16.07% |
| EPS (Rs.) | 22 | 28 | 33 | 32 | 43 |
Asian Paints has seen a growth in its financial performance over the last five years. The company’s sales have increased from ₹19,473.17 crore in March 2019 to ₹34,875.07 crore in March 2023, with a revenue growth of more than 83%. The operating profit margin (OPM) of the company has been consistently around 15% over the years.
The net profit after tax (PAT) of the company has seen a growth of 89% from ₹2,167.31 crore in March 2019 to ₹4,101.48 crore in March 2023. The company’s earnings per share (EPS) have also increased from ₹22 in March 2019 to ₹43 in March 2023.
FAQs
Will the share price of Asian Paints Limited grow in 2023?
Yes, the share price of Asian Paints Limited will grow in 2023, looking at its performance and market sentiments.
What is the price prediction for Asian Paints Limited for 2030?
If everything goes fine for the company, the share price of Asian Paints Limited might reach around ₹16,800 by the end of 2030.
What is Asian Paints share price target for 2025?
In 2025, Asian Paints could be trading in between Rs.3978.45 and Rs.6,855.97
Can it reach 4,000 INR in 2023?
Yes, according to our analysis Asian Paints can reach 4,000 INR by the end of 2023.
What is the current market condition of Asian Paints Limited Stock?
At the current time, the stock is trading at ₹3,221 at the market capitalisation of 3.09 trillion INR.
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Points to note while investing in Asian Paints Shares:
– The company has achieved a commendable Return on Equity (ROE) of 26.1% over the last 3 years.
– It maintains a healthy dividend payout ratio of 58.4%.
– The stock is currently trading at 20.0 times its book value.
Conclusion
In conclusion, Asian Paints has demonstrated a consistent growth in the last five years with an increase in revenue, operating profit and net profit. Despite the fluctuation in its share price, the company has consistently maintained a high dividend payout ratio, indicating a steady financial performance. With a positive growth trend in the last five years, it is safe to say that the company has potential for further growth and is a good investment option.
Additionally, with a good price-to-earnings ratio, it suggests that the company’s shares are undervalued, making it a good opportunity to buy. However, as with any investment decision, it is important to do your own research and consider your personal investment goals before making a final decision.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.
