List of Top Best Paint Company In India | Detailed Guide

Here is the Top Best Paint company in India based on Market capitalization

  • Asian Paints Ltd
  • Berger Paints Ltd
  • Kansai Nerolac Paints Ltd
  • Akzo Nobel India Ltd
  • Shalimar Paints Ltd

BRIEF ABOUT PAINT SECTOR IN INDIA

The Indian paint sector is estimated at around Rs 50,000 crore.

It is classified into two main segments

  • Decorative paint
  • Industrial paint

Decorative paints include

  • Exterior wall paints,
  • Interior wall paints,
  • Wood finishes,
  • Enamel
  • Ancillary products such as primers, putties, etc.

Industrial paints include

  • Automotive coatings,
  • Powder coatings
  • Protective coatings.

The Decorative segment accounts for the majority of the Paint Industry’s value which is around 75% and the industrial segment accounts for the rest 25%.

INDIAN PAINT SECTOR-DYNAMICS

  • Growth closely linked to GDP Growth.companies operated in these sectors easily grow 1 to 1.5 times real GDP growth.
  • Paint consumption per capita in India is very low, at 3.75 kgs. In global, this figure is 12-15 kgs
  • 70:30 ratio for the organized sector to the unorganized sector

List of Top Paint Companies in India

#1. Asian Paint Ltd

Asian Paint is the No.1 Paint Company in India listed on BSE and NSE with a market cap of Rs.1,57,169 Cr in 2020.

IndustryChemical
Founded1 February 1942; 78 years ago
FounderChampaklal Choksey, Chimanlal Choksi, Suryakant Dani and Arvind Vaki
ChairmanAshwin Dani
CEOAmit Single

Asian Paints started its operation in 1942. At that time, most famous paint companies operating in India. Over the course of 25 years, Asian paints became a leading paint company in India.

Market Share : Over 50% in the organised domestic paints market

Asian Paint is the No.1 paint company in India and 3 times bigger than the nearest competitor.

It has 50+ years of marketing leadership in India

It is the 3rd largest paint company in Asia.

MANUFACTURING FACILITY

It operates in 16 countries and has 27 paint manufacturing facilities in the world, servicing consumers in over 65 countries.

Installed Paint Capacity : 17.3 lakh kilolitre per annum

BUSINESS SEGMENTS

  • Decorative coating
  • International operation
  • Industrial coating
  • Home Improveement Business
Asian Paints Ltd-paint company in india revenue break-up(%)
Sorce : Annual Report

In Decorative paints, It is present in all the four segments – interior and exterior wall finish, enamels, and wood finishes. Its product portfolio also includes waterproofing, wall coverings, adhesives, and painting tool.

In the last 20 years, Asian paints increased market share by over 20% in the decorative segment

Market Share : 60%

It is present in the Industrial coatings space with high-performance, high-quality offerings that serve to protect surfaces through 50:50 Joint Ventures with PPG Industries Inc., USA

Market share: About 20% (Automotive industrial coatings segment)

It is also presented in the home improvement and décor space in India through Sleek (kitchens and wardrobes) and Ess Ess (Bath Fittings)

ASIAN PAINTS’ BRAND

ASIAN PAINTS COMPANY IN INDIA BRAND

PRODUCTS OFFERING

Paints | Chemicals | Wall coverings | Textures Painting aid | Waterproofing solutions | Wall stickers | Mechanised tools | Kitchen fittings | Bath fittings and sanitaryware | Sanitizers and surface disinfectants | Adhesives | Kitchens & Wardrobes

SERVICES

Home Painting Services | Interior Design Services | Experience Retail Stores | Colour Consultancy | Projects | Sanitization services

Asian Paint is one of the biggest wealth creators in Indian history.

ASIAN PAINT WEALTH CREATOR
source:www.economictimes.indiatimes.com

Asian Paints sell most products at a 5 to 10% premium to competition while gaining share. It shows the strong economic moat in the business.

Asian Paint Ltd-paint company in india

BONUS SHARE ISSUE HISTORY

DateBonus Ratio
28-05-20031:2
30-05-20003:5
18-10-19951:1
06-05-19853:5

FINANCIAL DATA OF CURRENT YEAR

  • Market Cap:  157,169 Cr.
  • Current Price:  1,639
  • 52 weeks High / Low  1916.70 / 1291.25
  • Book Value:  104.99
  • Stock P/E: 57.89
  • Dividend Yield: 0.64 %
  • ROCE: 35.13 %
  • ROE: 23.98 %
  • Sales Growth (3Yrs): 10.66 %

PAST 10 YEARS FINANCIAL PERFORMANCE OF ASIAN PAINTS LTD

Year20102020CAGR
Growth(%)
Sales6433.5420593.8712.34%
Profit835.642714.9312.51%
Share Price203.891,63923.17%

#2. Berger Paints Ltd

Berger paints Ltd is the 2nd largest paint company in India listed on BSE and NSE with a market cap of Rs 49,615 Cr. in 2020

IndustryPaints
FoundedDecember 17, 1923; 96 years ago
FounderLewis Berger
MD & CEOMr. Abhijit Roy

Berger Paints Ltd is the second-largest player in the domestic decorative paints industry.

It is the market leader in the protective coating segment; it also has a small presence in the automotive and powder coating segments.

The company is one of the top 5 paint companies in Asia and one of the top 15 paint companies in the world

It has 20 manufacturing factories worldwide

The company also has an international presence in 4 countries (Nepal, Bangladesh, Poland, and Russia)

88 YEARS OF JOURNEY OF BERGER PAINTS LTD

Berger Paint Ltd-paint company in india
www.bergerpaints.com

BRANDS

Silk | Luxol | Weathercoat | Rangoli | Illusions | Jadoo

BONUS SHARE ISSUE HISTORY

DateBonus Ratio
30-05-20162:5
06-06-20063:5
30-01-20041:2
07-10-19981:1
15-06-19737:15
15-06-19671:2

FINANCIAL DATA OF CURRENT YEAR

  • Market Cap:  49,615 Cr.
  • Current Price:  510.85
  • 52 weeks High / Low  597.45 / 300.05
  • Book Value:  25.27Stock
  • P/E: 74.71
  • Dividend Yield: 0.37 %
  • ROCE: 28.20 %
  • ROE: 21.00 %
  • Sales Growth (3Yrs): 12.80 %

PAST 10 YEARS FINANCIAL PERFORMANCE OF BERGER PAINTS LTD

Year20102020CAGR
Growth(%)
Sales1828.696,48313.49%
Profit120.3966418.62%
Share Price21.00510.2537.58%

#3. Kansai Nerolac Paints Ltd

Kansai Nerolac Paints Ltd is the 3rd largest paint company in India with a market cap of Rs. 21,538 Cr. in 2020

IndustryPaints
Founded1920
Parent CompanyKansai Paint
MDH.M.Bharuka 

It was founded in 1920 and subsidiary of Kansai paint of japan

Kansai Nerolac Paints Limited is the largest industrial paint with a market share of over 40% and the third-largest decorative paint company with a modest market share of 13% in India

It has the third-largest market share with 15.4% in the Indian paint industry

Kansai Nerolac is the second largest coating company in India

BONUS SHARE ISSUE HISTORY

DateBonus Ratio
03-05-20101:1
30-04-20042:3
22-09-19941:2
29-04-19785:7
29-04-19742:5

FINANCIAL DATA OF CURRENT YEAR

  • Market Cap:  21,538 Cr.
  • Current Price:  399.65
  • 52 weeks High / Low  573.00 / 293.70
  • Book Value:  69.77
  • Stock P/E: 41.87
  • Dividend Yield: 0.79 %
  • ROCE: 18.19 %
  • ROE: 14.33 %
  • Sales Growth (3Yrs): 9.22 %

PAST 10 YEARS FINANCIAL PERFORMANCE OF KANSAI NEROLAC PAINTS LTD

Year20102020CAGR
Growth(%)
Sales1,6644943.1711.50%
Profit166535.412.42%
Share Price54387.4522%

#4. Akzo Nobel India Ltd

Akzo Nobel India Ltd is the 4th largest paint company in India with a market cap of Rs. 8,636 Cr. in 2020

IndustryPaints
Founded1646
ChairmanAmit Jain
MDRajiv Rajgopal

Akzo Nobel India has been present in India for over 60 years and currently operates in the Paints & Coatings segment

Akzo in India enjoys a 9% market share in decorative paints in India serviced through its network of 9,000 plus dealers and 90 depots and six manufacturing facilities

BRANDS

BUSINESS SEGMENTS

Paints Business: Paints business has a presence in premium as well as mass-market segments, with strong positioning in the premium segment. It is focused on the buildings and infrastructure end-user segment, serving both consumers and professional painters

Coatings Business :

  • Marine Coatings
  • Protective Coatings
  • Powder Coatings
  • Automotive and Specialty Coatings (ASC)

BONUS SHARE ISSUE HISTORY

DateBonus Ratio
03-08-19781:3
03-08-19662:5

FINANCIAL DATA OF CURRENT YEAR

  • Market Cap:  8,636 Cr.
  • Current Price:  1,896
  • 52 weeks High / Low  2515.00 / 1629.15
  • Book Value:  242.86
  • Stock P/E: 34.51
  • Dividend Yield: 1.27 %
  • ROCE: 24.15 %
  • ROE: 15.97 %
  • Sales Growth (3Yrs): 3.40 %

PAST 10 YEARS FINANCIAL PERFORMANCE

Year20102020CAGR
Return(%)
Sales889.52,78612.10%
Profit159.32544.78%
Share Price602.251,896.4012.15%

#5. Shalimar Paints Ltd

Shalimar Paints Ltd is the 5th largest paint company in India with a market cap of 319.56 Cr. in 2020

IndustryPaints
Founded1902
ChairmanGautam Kanjilal

Shalimar Paints Ltd was incorporated in 1902. It is engaged in manufacturing a wide range of paints in both decorative and industrial paint segments.

BRAND PORTFOLIO

SPL has a diversified brand portfolio catering to various segments.

The Major brands are

  • ‘Superlac HiGloss Enamel’ & ‘G.P. Synthetic Enamel’ in decorative enamels
  • ‘Super Shaktiman’, ‘Xtra Exterior Emulsion’ in exterior wall finishes,
  • ‘Master Emulsion’ & ‘No.1 Silk Emulsion’ in interior wall finishes
  • ‘No.1’ (specifically catering to the rural demand) in acrylic distemper

MANUFACTURING FACILITY

SPL has strategically located manufacturing facilities (Nasik, Sikandrabad, and Chennai) and has nine regional offices, three regional distribution centers, 34 depots, and a network of around 3500+ active distributors.

The sales in the decorative segment are mostly retail, made through dealers.

In the industrial segment, most of the sales are made to original equipment manufacturers (OEMs)/institutional clients as per their specifications.

BONUS SHARE ISSUE HISTORY

DateBonus Ratio
11-09-19823:10

FINANCIAL DATA OF CURRENT YEAR

  • Market Cap:  337.75 Cr.
  • Current Price:  62.20
  • 52 weeks High / Low  111.65 / 42.35
  • Book Value:  55.31
  • Stock P/E: –
  • Dividend Yield: 0.00 %
  • ROCE: -17.66 %
  • ROE: -29.76 %
  • Sales Growth (3Yrs): -9.17 %

PAST 10 YEARS FINANCIAL PERFORMANCE

Year20102020CAGR
Growth(%)
Sales319.413500.92%
Profit10-59
Share Price38.762.204.86%

Quick View about Paints Company in India

Frequently Asked Questions

Which is the No.1 paint company in India?

Asian Paint Ltd is the No.1 paint company in India. It is No.1 in all parameters like market cap, sales, and profit.

Year-2020Asian PaintsBerger Paints
Market CapRs.1,57,169 CrRs 49,615 Cr
Sales20,593.87 Cr6,483 Cr
Profit2,714.93 Cr664 Cr

From the table, you can see that Asian Paint is three times bigger in all parameters than its rival Berger Paints.

This Post Has 2 Comments

  1. Brijesh

    Your language in the blog is very easy to understand.

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