Asian Paints Limited, together with its subsidiaries, manufactures, sells, and distributes paints and coatings for decorative and industrial use in India and internationally. It operates in Paints and Home Improvement segments. The company offers decorative coatings for interior and exterior walls, metal finishes, and wood finishes; paints; wall coverings; textures painting aid; waterproofing; wall stickers; mechanised tools; adhesives; modular kitchens; wardrobes; bath fittings and sanitaryware; home décor products; sanitizers and surface disinfectants; furniture, furnishings; and lightings, as well as enamels and thinners. The company offers its products under the Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans, and Kadisco Asian Paints through a network of dealers and retail stores, as well as operates asianpaints.com, an online shop. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.
P/B ratio for Asian Paints Limited (ASIANPAINT.NS)
P/B ratio as of 2023: 14.70
According to Asian Paints Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 14.70. At the end of 2022 the company had a P/B ratio of 16.56.
P/B ratio history for Asian Paints Limited from 2003 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 14.70 |
| 2022 | 16.56 |
| 2021 | 21.38 |
| 2020 | 19.00 |
| 2019 | 15.77 |
| 2018 | 15.03 |
| 2017 | 13.11 |
| 2016 | 13.54 |
| 2015 | 14.85 |
| 2014 | 16.40 |
| 2013 | 13.01 |
| 2012 | 14.02 |
| 2011 | 11.31 |
| 2010 | 11.07 |
| 2009 | 11.43 |
| 2008 | 6.27 |
| 2007 | 11.71 |
| 2006 | 9.40 |
| 2005 | 9.58 |
| 2004 | 6.63 |
| 2003 | 5.46 |