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Asian Paints Valuation Multiples
Discover revenue and EBITDA valuation multiples for Asian Paints and similar public comparables like Ulta Beauty, Tractor Supply, Williams Sonoma, Casey's and more.
Asian Paints Overview
About Asian Paints
Asian Paints Ltd manufactures and sells a variety of paint and home improvement products. The firm operates itself as a Paints and Home Decor company which sells interior and exterior paints, metal finish, and wood finish. The home improvement product offerings include kitchen and bathroom products. Asian Paints sells its products to distributors and directly to the home improvement industry through the company's network of retail stores. The majority of revenue comes from India.
Founded
1945
HQ
Employees
11.1K
Website
Sectors
Financials (LTM)
EV
$25B
Asian Paints Financials
Asian Paints reported last 12-month revenue of $4B and EBITDA of $706M.
In the same LTM period, Asian Paints generated $2B in gross profit, $706M in EBITDA, and $473M in net income.
Revenue (LTM)
Asian Paints P&L
In the most recent fiscal year, Asian Paints reported revenue of $4B and EBITDA of $704M.
Asian Paints expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 44% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $706M | XXX | $704M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $473M | XXX | $428M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | — | — | $45M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Asian Paints Stock Performance
Asian Paints has current market cap of $25B, and enterprise value of $25B.
Market Cap Evolution
Asian Paints' stock price is $26.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25B | $25B | 1.3% | XXX | XXX | XXX | $0.45 |
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Start Free TrialAsian Paints Valuation Multiples
Asian Paints trades at 6.6x EV/Revenue multiple, and 35.5x EV/EBITDA.
EV / Revenue (LTM)
Asian Paints Financial Valuation Multiples
As of April 19, 2026, Asian Paints has market cap of $25B and EV of $25B.
Equity research analysts estimate Asian Paints' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Asian Paints has a P/E ratio of 53.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $25B | XXX | $25B | XXX | XXX | XXX |
| EV (current) | $25B | XXX | $25B | XXX | XXX | XXX |
| EV/Revenue | 6.6x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBITDA | 35.5x | XXX | 35.5x | XXX | XXX | XXX |
| EV/EBIT | 43.1x | XXX | 42.3x | XXX | XXX | XXX |
| EV/Gross Profit | 15.0x | XXX | 16.4x | XXX | XXX | XXX |
| P/E | 53.7x | XXX | 59.3x | XXX | XXX | XXX |
| EV/FCF | 56.9x | XXX | 72.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Asian Paints Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Asian Paints Margins & Growth Rates
Asian Paints' revenue in the last 12 month grew by 9%.
Asian Paints' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Asian Paints' rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Asian Paints' rule of X is 37% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Asian Paints Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | (0%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 37% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | 10% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Asian Paints Public Comps
See public comps and valuation multiples for other Specialty Stores comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Asian Paints | XXX | XXX | XXX | XXX | XXX | XXX |
| Ulta Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Tractor Supply | XXX | XXX | XXX | XXX | XXX | XXX |
| Williams Sonoma | XXX | XXX | XXX | XXX | XXX | XXX |
| Casey's | XXX | XXX | XXX | XXX | XXX | XXX |
| Burlington Stores | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Asian Paints M&A Activity
Asian Paints acquired XXX companies to date.
Last acquisition by Asian Paints was on XXXXXXXX, XXXXX. Asian Paints acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Asian Paints
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAsian Paints Investment Activity
Asian Paints invested in XXX companies to date.
Asian Paints made its latest investment on XXXXXXXX, XXXXX. Asian Paints invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Asian Paints
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Asian Paints
| When was Asian Paints founded? | Asian Paints was founded in 1945. |
| Where is Asian Paints headquartered? | Asian Paints is headquartered in India. |
| How many employees does Asian Paints have? | As of today, Asian Paints has over 11K employees. |
| Who is the CEO of Asian Paints? | Asian Paints' CEO is Amit Syngle. |
| Is Asian Paints publicly listed? | Yes, Asian Paints is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Asian Paints? | Asian Paints trades under ASIANPAINT ticker. |
| When did Asian Paints go public? | Asian Paints went public in 1995. |
| Who are competitors of Asian Paints? | Asian Paints main competitors are Ulta Beauty, Tractor Supply, Williams Sonoma, Casey's. |
| What is the current market cap of Asian Paints? | Asian Paints' current market cap is $25B. |
| What is the current revenue of Asian Paints? | Asian Paints' last 12 months revenue is $4B. |
| What is the current revenue growth of Asian Paints? | Asian Paints revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Asian Paints? | Current revenue multiple of Asian Paints is 6.6x. |
| Is Asian Paints profitable? | Yes, Asian Paints is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Asian Paints? | Asian Paints' last 12 months EBITDA is $706M. |
| What is Asian Paints' EBITDA margin? | Asian Paints' last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Asian Paints? | Current EBITDA multiple of Asian Paints is 35.5x. |
| What is the current FCF of Asian Paints? | Asian Paints' last 12 months FCF is $440M. |
| What is Asian Paints' FCF margin? | Asian Paints' last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Asian Paints? | Current FCF multiple of Asian Paints is 56.9x. |
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