Asian Paints was founded by four friends as a small beginning in 1942. Since then it has grown as India’s largest paint company and Asia’s third largest paint company. Asian Paints has operations in 17 countries and has 24 paint manufacturing facilities scattered around the world. Apart from Asian Paints, the group has subsidiaries around the world, with good brand names like - Berger International Limited, Apco Coatings, SCIB Paints and Taubmans.Asian Paints manufactures a wide range of paints, which find way in Decorative and Industrial use. Its products are used in Interior Wall Finishes, Exterior Wall Finishes, Enamels and Wood Finishes. It has many innovative painting ideas like Colour Worlds), Home Solutions Colour Next Royale Play Special Effect Paints.
It has formed 50:50 joined ventures with PPG Inc ,USA and operates through ‘PPG Asian Paints Pvt Ltd this company caters to the protective, industrial powder, industrial containers and industrial coatings markets It is no wonder that Asian Paints has fared in Forbes Asia’s ‘Fab 50’ list of Companies in Asia.
As per the balance sheet ending Mar 12 the book value of the share was Rs. 259.36 The company’s dividend history is good last year on 08/05/2012 it announced Final dividend of 305% and on 29/10/2012 it announced an interim dividend of 85%. The face value of the shares is Rs.10. The latest market news about this stock is a share split is being considered by the management.
Its shares made a high of rs.5050 on March 21st. currently it trades around Rs. 4705. For an investor with a long time outlook this share could be suitable.
Disclaimer: I do not have any interest in the company nor own any shares.
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