Asian Paints Ltd (500820) Fair Value & Analysis
Materials · IN · Market cap ₹3.0T (≈ $32.1B)
What is Asian Paints Ltd really worth?
A solid business, but trading 354% above our fair value of ₹557.43.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹858.22). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹339.28 to ₹858.22) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹2,121 – ₹3,575 · fair‑value band ₹339.28 – ₹858.22 · the ₹2,528 price screens above the ₹557.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Asian Paints Ltd (500820) currently trades at ₹2,528, while our model-based Fair Value estimate is ₹557.43, implying the stock looks roughly 353.5% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Materials sector. Bull case: the Growth Earnings group reads highest at a median of ₹493.56 per share, and 0 of the 26 models we run sit above the ₹2,528 price. Bear case: the Asset-Based group reads lowest at ₹109.15, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
The stock trades on a trailing P/E of 96.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹339.28 (bear case) to ₹858.22 (bull case); at ₹2,528, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 19% above its 52-week low. For context, the median of 10 Materials peers we cover trades at −58% fair-value upside, at −78%, 500820 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2024 figures, and about 12 months have passed since. In that time the company retained roughly ₹31.62 per share, which is 5.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (₹493.56) versus Asset-Based (₹109.15). Highest evidence: FCF DCF (78).
Notify me when 500820 reaches fair value
Put 500820 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 55
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Asian Paints Ltd reported revenue of ₹339B in FY2024 versus ₹217B in FY2020, a compound +11.8%/yr. Reported net income was ₹36.7B in FY2024, compounding +4.0%/yr from FY2020.
500820 screens 354% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 695 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $485.35 | $222.03 | −54% |
| The Sherwin-Williams Company SHW | $344.86 | $143.38 | −58% |
| Ecolab Inc ECL | $286.75 | $96.18 | −66% |
| Air Products and Chemicals, Inc APD | $308.09 | $122.14 | −60% |
| Givaudan SA GIVN | CHF 3,282 | CHF 1,498 | −54% |
| Wanhua Chemical Group 600309 | ¥77.66 | ¥68.03 | −12% |
| Novozymes A/S NSISB | kr 456.40 | kr 169.99 | −63% |
| PPG Industries, Inc PPG | $114.22 | $71.31 | −38% |
| DSM-Firmenich AG DSFIR | €90.68 | €33.20 | −63% |
| Sociedad Química y Minera de Chile S.A SQM | $79.01 | $27.14 | −66% |
Compare Asian Paints Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Asian Paints Ltd (500820) overvalued or undervalued?
What is the fair value of 500820?
What is the quality score of 500820?
What is the net profit margin of 500820?
Does Asian Paints Ltd pay a dividend?
Watch Asian Paints Ltd in the live analysis
One click puts Asian Paints Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.