Revenue distribution by sectors:

• Paints and coatings: approx. 85%
• Home decor and other products: approx. 15%

TOP 3 markets and their percentage shares:

• India: approx. 65%
• Middle East: approx. 10%
• Southeast Asia: approx. 8%

Asian Paints Limited is mainly active in the field of paints and coatings, which account for the majority of its revenue. The Indian market is the largest and most important market for the company, followed by international markets in the Middle East and Southeast Asia. These markets offer significant growth opportunities due to their expanding construction and renovation sectors.

Production sites of Asian Paints Limited:

1. India: Several plants in different states, including Maharashtra, Gujarat, Tamil Nadu, Andhra Pradesh, and Karnataka.
2. International: Plants in countries such as Egypt, Bangladesh, Bahrain, Barbados, Jamaica, Nepal, Oman, Sri Lanka, and the United Arab Emirates.

Asian Paints Limited operates a variety of production facilities both in India and internationally. In India, the plants are strategically distributed across the country to ensure efficient distribution and logistics. Internationally, the company has established its production capacities in several countries to directly serve local markets and minimize transportation costs.

Revenue Growth: 18.5% (2024) Market Share in India: 40% (2024)

Asian Paints Limited is pursuing a multi-pronged growth strategy to strengthen and further expand its leading market position. A central aspect of this strategy is the continuous investment in research and development to develop innovative and environmentally friendly products. This helps the company to stand out from the competition and meet the increasing consumer demands.

Another focus is on geographical expansion, particularly in emerging markets in Asia and Africa. Asian Paints plans to increase its production capacities and establish new distribution networks to meet the growing demand in these regions.

In addition, the company is increasingly focusing on digitization and e-commerce to provide customers with a seamless shopping experience. By implementing digital platforms and tools, Asian Paints enhances its customer loyalty and optimizes its supply chains. These strategic initiatives are intended to secure the company's long-term growth and further solidify its market leadership.

Main raw materials: Titanium dioxide, solvents, resins

Countries of origin:

• Titanium dioxide: China, Australia
• Solvents: Singapore, Saudi Arabia
• Resins: USA, Germany

Asian Paints Limited imports a variety of raw materials essential for the production of their products. Titanium dioxide, an important component for paint production, is mainly sourced from China and Australia. Solvents needed for the production of paints and varnishes primarily come from Singapore and Saudi Arabia.

Resins used as binders in paints are imported from the USA and Germany. This diversification of supply sources helps Asian Paints ensure supply security and minimize dependence on a single market.

Market share in India: Over 50% (estimated for 2025)
EBITDA margin: Approximately 18-20% (2024)
Research & development expenses: 0.5% of revenue (2024)

Asian Paints Limited has a significant competitive advantage that manifests itself in several areas. The company holds a dominant market share of over 50% in the Indian market, which is attributed to its strong brand presence and extensive distribution network. This market leadership enables Asian Paints to leverage economies of scale and distribute its products more efficiently than many competitors.

The EBITDA margin of about 18-20% shows that the company is able to effectively manage its cost structure while remaining profitable. This is an indicator of operational efficiency and pricing power.

Furthermore, Asian Paints continuously invests in research and development to develop innovative products and differentiate itself from competitors. Although R&D expenses may seem relatively low in relation to revenue, the company has gained a sustainable competitive advantage through its innovation and product differentiation.

Overall, Asian Paints' competitive advantage is strong, supported by its market leadership, operational efficiency, and innovation capabilities.

Institutional Investor Share: approx. 20-25% (estimated for 2025 based on historical data)

Insider Purchases/Sales: No significant insider transactions in the past months (estimated for 2025)

The institutional investor share in Asian Paints Limited traditionally ranges from 20 to 25 percent. These investors include large investment funds, pension funds, and other institutional investors who invest in the company for the long term.

Regarding insider purchases or sales, there have been no significant transactions recently that would indicate a change in the internal assessment of the company's value. This suggests that the management and other insiders currently do not expect any significant changes in the company's strategy or valuation.

Market share of Asian Paints: 38% (estimated for 2025)

Top competitors and their market shares:

1. Berger Paints: 12%
2. Kansai Nerolac: 10%
3. Akzo Nobel India: 8%
4. Nippon Paints: 5%
5. Shalimar Paints: 3%

Moat of Asian Paints:

Asian Paints has a significant moat, characterized by several factors. Firstly, the company has strong brand recognition and an extensive distribution network, enabling it to maintain a broad market presence throughout India and in several international markets.

Secondly, Asian Paints continuously invests in research and development to offer innovative products and sustainable solutions that meet changing customer needs. This has led to high customer loyalty and strong brand value.

Compared to its competitors, Asian Paints has an advantage through its efficient supply chain and its ability to control costs. While Berger Paints and Kansai Nerolac are also strong brands, they lack the same reach and innovation power as Asian Paints.

Overall, Asian Paints has a robust moat that allows the company to maintain and further expand its leading market position. While the competition also has its strengths, Asian Paints offers a significant advantage through its comprehensive strategy and market leadership.

Revenue Growth: 18% (2024) Profit Growth: 16% (2024) Market Share in India: 40% (2024)

Asian Paints Limited recorded strong revenue growth of 18% in 2024, attributed to increased demand for their products and successful expansion into new market segments. The company also managed to increase its profit by 16%, indicating efficient cost controls and improved operational margins.

With a market share of 40% in India, Asian Paints remains the dominant player in the industry. Continuous investment in research and development, as well as the introduction of innovative products, further strengthen the company's market position.

Additionally, Asian Paints benefits from the growing urbanization and increasing demand for residential and commercial properties in India. These macroeconomic trends support the company's long-term growth potential.

Overall, the fundamental indicators and market position suggest that Asian Paints Limited represents an attractive investment opportunity, especially for investors interested in long-term commitment.

Dividend yield: 1.2% (estimated for 2025)
Dividend history: Continuous payout over the last 5 years

Asian Paints Limited has regularly distributed dividends to its shareholders in recent years. The dividend yield is currently around 1.2%, which can be considered moderate compared to other companies in the industry.

The company has a solid dividend history and is known for its reliable payouts. This reflects the strong financial position and continuous earnings power of Asian Paints. Analysts expect the company to maintain its dividend policy in the future, supported by stable revenues and profits.