Scribd Logo
Upload

Welcome to Scribd!

  • 5 views

    Riddhi's FMS Assignment

    Uploaded by

    Kushal Carnage
    Asian Paints Ltd is India's largest paint company. It was founded in 1942 in Mumbai by four friends and has since expanded to 15 countries. For Q1 2023, Asian Paints reported sales of INR 91,537.9 million and net income of INR 15,503.7 million, up from the previous year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Riddhi's FMS Assignment

    Uploaded by

    Kushal Carnage
    5 views3 pages
    Asian Paints Ltd is India's largest paint company. It was founded in 1942 in Mumbai by four friends and has since expanded to 15 countries. For Q1 2023, Asian Paints reported sales of INR 91,537.9 million and net income of INR 15,503.7 million, up from the previous year.

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Asian Paints Ltd is India's largest paint company. It was founded in 1942 in Mumbai by four friends and has since expanded to 15 countries. For Q1 2023, Asian Paints reported sales of INR 91,537.9 million and net income of INR 15,503.7 million, up from the previous year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5 views3 pages

    Riddhi's FMS Assignment

    Uploaded by

    Kushal Carnage
    Asian Paints Ltd is India's largest paint company. It was founded in 1942 in Mumbai by four friends and has since expanded to 15 countries. For Q1 2023, Asian Paints reported sales of INR 91,537.9 million and net income of INR 15,503.7 million, up from the previous year.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    ASIAN PAINTS

    Asian Paints Ltd is an Indian multinational paint company,


    headquartered in Mumbai, Maharashtra, India.[1] The company is
    engaged in the business of manufacturing, selling and distribution of
    paints, coatings, products related to home décor, bath fittings and
    providing of related services.

    Asian Paints is India's largest paints company by market share.[4][5][6] It


    is the holding company of Berger International.[7] The company's
    manufacturing operations encompass 15 countries of the world
    including India, with considerable presence in the Indian subcontinent
    and the Middle East.[8]

    The company was started in a garage in Gaiwadi, Girgaon, Mumbai


    by four Gujarati friends Champaklal Choksey, Chimanlal Choksi,
    Suryakant Dani and Arvind Vakil.[1] They all belong to Jain families,
    and founded the company in February 1942. During World War II and
    the Quit India Movement of 1942, a temporary ban on paint imports
    left only foreign companies and Shalimar Paints in the market. Asian
    Paints took up the market and reported an annual turnover of ₹23
    crore in 1952 but with only 2% PBT margin. By 1967, it became the
    leading paints manufacturer in the country.[
     Date Price Open High Low
    Volume Chg%
          
    Aug 04, 2023 3,339.65 3,338.15 3,373.30 3,323.00 519.25K 0.10%

         
    -
    Aug 03, 2023 3,336.35 3,370.00 3,379.95 3,317.95 711.07K
    0.79%
          
    Aug 02, 2023 3,362.90 3,341.20 3,371.95 3,330.65 857.22K 0.60%

         
    -
    Aug 01, 2023 3,342.95 3,372.00 3,385.00 3,338.00 698.67K
    1.02%

         
    -
    Jul 31, 2023 3,377.35 3,323.20 3,388.00 3,323.15 933.89K
    0.39%
          
    Jul 28, 2023 3,390.70 3,375.00 3,399.00 3,364.50 553.75K 0.63%

         
    -
    Jul 27, 2023 3,369.40 3,390.00 3,414.00 3,351.00 874.08K
    0.11%

          
    Jul 25, 2023 3,400.40 3,547.90 3,547.90 3,350.00 2.56M -4.04%
          
    Jul 24, 2023 3,543.70 3,506.00 3,568.00 3,498.50 680.25K 0.74%
          
    Jul 21, 2023 3,517.70 3,535.95 3,537.95 3,505.00 857.98K -0.24%
          
    Jul 20, 2023 3,526.00 3,510.05 3,535.00 3,494.95 589.85K 0.32%
          
    Jul 19, 2023 3,514.65 3,520.00 3,530.00 3,482.50 620.29K 0.03%
          
    Jul 18, 2023 3,513.45 3,460.00 3,523.00 3,455.60 962.49K 1.53%
          
    Jul 17, 2023 3,460.40 3,429.75 3,473.00 3,425.00 817.69K 0.89%
          
    Jul 14, 2023 3,429.75 3,398.55 3,439.00 3,387.00 832.84K 0.92%
          
    Jul 13, 2023 3,398.55 3,425.00 3,425.00 3,384.35 750.13K -0.24%
          
    Jul 12, 2023 3,406.75 3,408.00 3,414.40 3,362.25 1.03M 0.42%
          
    Jul 11, 2023 3,392.55 3,349.95 3,399.95 3,345.00 772.16K 1.48%
          
    Jul 10, 2023 3,343.15 3,345.00 3,372.05 3,293.95 548.84K -0.02%
     Summary
     Highest3,568.00 Lowest3,293.95 Difference274.05 Average3,416.97
    Chg. %-0.12

    ASPN Financial Summary


    Asian Paints Limited reported earnings results for the first quarter ended June
    30, 2023. For the first quarter, the company reported sales was INR 91,537.9
    million compared to INR 85,788.8 million a year ago. Revenue was INR
    93,793.8 million compared to INR 87,059.1 million a year ago. Net income was
    INR 15,503.7 million compared to INR 10,169.3 million a year ago. Basic
    earnings per share from continuing operations was INR 16.17 compared to INR
    10.6 a year ago. Diluted earnings per share from continuing operations was INR
    16.17 compared to INR 10.6 a year ago.

    ASPN Income Statement


    ASPN
    Gross margin TTM 39.44%
    Operating margin TTM 17.24%
    Net Profit margin TTM 13.26%
    Return on Investment TTM 25.8%

    You might also like