Asian Paints Declares 1.3% Rise In Q4 Net, Highest Dividend After 2013; Shares Trade In Red

Large cap paints sector company Asian Paints on May 9 declared a marginal surge of 1.3% in its net profit to Rs 1275.3 crore for the March 2024 quarter as against Rs 1258.41 crore declared in the corresponding quarter of last year. The Board of Directors of Asian Paints recommended highest dividend after 2013 at Rs 28.15 per equity share of the face value of Re 1 each for the financial year ended March 31, 2024. Current market price of Asian Paints share on BSE is Rs 2744.95 per share with intraday fall of 3.49% at the time of writing the story. More details below:

Asian Paints Recommends Dividend: As per the BSE filing of the company dated today, "recommended payment of final dividend of Rs. 28.15 (Rupees twenty-eight and paise fifteen only) per equity share of the face value of Re. 1 (Rupee one) each for the financial year ended 31 st March 2024, subject to the approval of the shareholders at the ensuing 78th Annual General Meeting of the Company."

The total dividend for the financial year ended 31 st March 2024, aggregates to Rs. 33.30 (Rupees thirty-three and paise thirty only) per equity share of the face value of Re. 1 (Rupee one) each (dividend payout ratio of 60%), including the interim dividend of Rs. 5.15 (Rupees five and paise fifteen only) per equity share as approved by the Board of Directors at their meeting held on 26th October 2023, which was paid thereafter, added the BSE filing.

Asian Paints Q4: The total revenue of Asian Paints fell by 0.64% to Rs 8,730.76 crore as against Rs 8,787.34 crore in the similar quarter of last year. The company's EBITDA for the quarter under review declined 9.3% to Rs 1,692 crore and EBITDA margins fell by 170 bps YoY to 21.1%.

Asian Paints Share Performance & Return: The 52-week high price of Asian Paints shares on BSE is Rs 3566.90 per share (as on 24/07/2023) and 52-week low price is Rs 2722.30 per share (as on 09/05/2024), respectively. Asian Paints has a ROE of 32.85, PE of 49.20, and EPS (TTM) of 55.73. Asian Paints shares fell 8% in last 1-week, declined 19% YTD, slipped 11% in last 6-months, and fell 10% in last 1-year. In last 5-years, Asian Paints shares zoomed 101%.

Asian Paints Bonus Share, Stock Split History: Asian Paints split face value of shares 1 time since July 30, 2013. Asian Paints last split the face value of its shares from Rs 10 to Re 1 in 2013.The share has been trading ex-split from July 30, 2013. The large cap paint stock declared 2 bonus issues since August 2, 2000. Its last bonus was declared in the ratio 1:2 with ex-date of August 22, 2003.

About: Asian Paints is India's leading paint and decor company and ranked among the top 8 coatings companies in the world with a consolidated turnover of ₹ 34,489 crores (₹ 345 billion) with a market capital of approx. ₹ 3,100 billion. Asian Paints along with its subsidiaries have operations in 15 countries across the world with 27 paint manufacturing facilities, servicing consumers in over 60+ countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints also offers a wide range of Home Décor products and is an emerging strong player in the Home Improvement and Décor space in India.