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Commentary (9 May 2024 @ 06:00):

Asian Paints Limited, together with its subsidiaries, manufactures, sells, and distributes paints and coatings for decorative and industrial use in India and internationally...

Stats
Today's Volume	3.55M
Average Volume	1.21M
Market Cap	2 599.52B
EPS	INR0 ( 2024-05-08 )
Next earnings date	( INR0 ) 2024-07-22
Last Dividend	INR21.25 ( 2023-06-09 )
Next Dividend	INR0 ( N/A )
P/E	47.71
ATR14	INR5.38 (0.20%)

Volume Correlation

Long: 0.07 (neutral)

Short: -0.10 (neutral)

Signal:(53.985) Neutral

Asian Paints Limited Correlation

10 Most Positive Correlations
BRFL.NS	0.9
GALAXYSURF.NS	0.891
DALALSTCOM.NS	0.881
AARTIIND.NS	0.872
PIDILITIND.NS	0.868
DEVYANI.NS	0.864
HIMATSEIDE.NS	0.859
BAJAJFINSV.NS	0.856
DYNPRO.NS	0.853
DEEPAKNTR.NS	0.851

10 Most Negative Correlations
JIKIND.NS	-0.888
ACI.NS	-0.873
GENCON.NS	-0.868
MAGNUM.NS	-0.865
MBAPL.NS	-0.861
DFMFOODS.NS	-0.844
HEXAWARE.NS	-0.842
LTGILTBEES.NS	-0.841
LSIL.NS	-0.835
SUNFLAG.NS	-0.823

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Asian Paints Limited Correlation - Currency/Commodity

-0.87
( strong negative )

-0.07
( neutral )

-0.73
( moderate negative )

-0.28
( neutral )

-0.40
( neutral )

0.66
( moderate )

Asian Paints Limited Financials

Annual	2022
Revenue:	INR343.68B
Gross Profit:	INR132.11B (38.44 %)
EPS:	INR42.83

FY	2022
Revenue:	INR343.68B
Gross Profit:	INR132.11B (38.44 %)
EPS:	INR42.83

FY	2022
Revenue:	INR289.41B
Gross Profit:	INR105.64B (36.50 %)
EPS:	INR31.60

FY	2021
Revenue:	INR215.03B
Gross Profit:	INR93.46B (43.46 %)
EPS:	INR32.73

Financial Reports:

No articles found.

Asian Paints Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0 (N/A)	INR4.40 (N/A)	INR0 (N/A)	INR21.25 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Asian Paints Limited Dividend Information - Dividend Junior

Dividend Sustainability Score: 4.36 - low (44.76%) | Divividend Growth Potential Score: 3.34 - Decrease likely (33.14%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.367	2002-07-11
Last Dividend	INR21.25	2023-06-09
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	45	--
Total Paid Out	INR140.80	--
Avg. Dividend % Per Year	0.43%	--
Score	2.78	--
Div. Sustainability Score	4.36
Div.Growth Potential Score	3.34
Div. Directional Score	3.85	--

Next Divdend (Est)
(2024-08-29)

INR22.66 Estimate 3.79 %

Dividend Stability

0.30 Poor

Dividend Score

2.78

Pay Frequency

Semi-Annually

Yearly Payout

Year	Amount	Yield
2002	INR0	0.00%
2003	INR0	0.00%
2004	INR0	0.00%
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR8.90	0.73%
2019	INR11.00	0.80%
2020	INR12.00	0.67%
2021	INR18.15	0.65%
2022	INR19.90	0.58%
2023	INR21.25	0.70%
2024	INR0	0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
SIYSIL.NS	Dividend Junior	2023-07-24	Semi-Annually	18	1.37%
MBAPL.NS	Dividend Junior	2023-09-18	Annually	8	0.44%
GUJAPOLLO.NS	Ex Dividend Junior	2023-09-22	Annually	18	0.48%
BAYERCROP.NS	Dividend Junior	2023-08-03	Annually	15	1.25%
PRESSMN.NS	Dividend Knight	2023-07-07	Annually	12	2.06%
KAMDHENU.NS	Dividend Junior	2023-08-14	Sporadic	17	0.32%
EDELWEISS.NS	Dividend Junior	2023-09-18	Annually	17	2.38%
ADSL.NS	Dividend Junior	2023-08-10	Sporadic	16	0.91%
SUBROS.NS	Dividend Junior	2023-08-22	Annually	20	0.22%
NAHARCAP.NS	No Dividend Player	2023-09-08	Annually	17	0.70%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.153	1.500	6.93	10.00	[0 - 0.5]
returnOnAssetsTTM	0	1.200	0	0	[0 - 0.3]
returnOnEquityTTM	0.329	1.500	7.46	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0	0.800	-5.00	-4.00	[1 - 3]
quickRatioTTM	0	0.800	-4.71	-3.76	[0.8 - 2.5]
cashRatioTTM	0	1.500	-1.111	-1.667	[0.2 - 2]
debtRatioTTM	0	-1.500	0	0	[0 - 0.6]
interestCoverageTTM	39.06	1.000	10.00	10.00	[3 - 30]
operatingCashFlowPerShareTTM	13.22	2.00	5.59	10.00	[0 - 30]
freeCashFlowPerShareTTM	13.22	2.00	3.39	6.78	[0 - 20]
debtEquityRatioTTM	0	-1.500	0	0	[0 - 2.5]
grossProfitMarginTTM	0.429	1.000	6.18	6.18	[0.2 - 0.8]
operatingProfitMarginTTM	0.209	1.000	7.81	7.81	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0	1.000	-1.111	-1.111	[0.2 - 2]
assetTurnoverTTM	0	0.800	-3.33	-2.67	[0.5 - 2]
Total Score				4.36

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	50.17	1.000	5.03	0	[1 - 100]
returnOnEquityTTM	0.329	2.50	8.37	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	13.22	2.00	5.59	6.78	[0 - 30]
dividendYielPercentageTTM	0.928	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	13.22	2.00	5.59	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	-14.53	1.500	-10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0358	1.000	-1.605	0	[0.1 - 0.5]
Total Score				3.34

Asian Paints Limited

Asian Paints Limited, together with its subsidiaries, manufactures, sells, and distributes paints and coatings for decorative and industrial use in India and internationally. It operates in Paints and Home Improvement segments. The company offers decorative coatings for interior and exterior walls, metal finishes, and wood finishes; paints; wall coverings; textures painting aid; waterproofing; wall stickers; mechanised tools; adhesives; modular kitchens; wardrobes; bath fittings and sanitaryware; home décor products; sanitizers and surface disinfectants; furniture, furnishings; and lightings, as well as enamels and thinners. The company offers its products under the Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans, and Kadisco Asian Paints through a network of dealers and retail stores, as well as operates asianpaints.com, an online shop. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.