Asian Paints Financial Statements

Asian Paints (ASIANPAINT) reported revenue of ₹344.78B in FY2025 with net income of ₹37.10B. Total assets stood at ₹303.71B and free cash flow was ₹26.19B.

Asian Paints Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		217.13B	291.01B	344.89B	361.83B	344.78B
Cost of Rev. Cost of Revenue		-120.97B	-183.01B	-211.57B	-200.90B	-195.16B
Gross Profit		96.16B	108.01B	133.32B	160.92B	149.62B
SGA Sales, General & Admin		-47.60B	-59.97B	-70.72B	-78.20B	-83.84B
Op. Income Operating Income		40.64B	39.87B	54.02B	74.20B	55.52B
PBT Profit Before Tax		42.76B	41.88B	56.89B	72.15B	49.62B
Net Income		31.39B	30.85B	41.95B	55.58B	37.10B
Dil. Shares Diluted Shares		959.20M	959.10M	958.93M	958.99M	958.87M
Diluted EPS		32.73	31.59	42.82	56.94	38.25

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Asian Paints's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Asian Paints Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		120.27B	151.52B	165.35B	175.37B	169.92B
Non-curr. assets Total non-current assets		83.43B	78.32B	92.63B	123.87B	133.80B
Total assets		203.70B	229.84B	257.98B	299.24B	303.71B
Curr. liabilities Total current liabilities		59.26B	75.71B	78.96B	85.01B	81.41B
Non-curr. liab. Total non-current liabilities		12.15B	12.14B	14.56B	19.99B	21.71B
Total liabilities		71.40B	87.85B	93.52B	105.00B	103.12B
Total equity		132.29B	141.99B	164.46B	194.24B	200.59B
Total liab. & eq. Total liabilities & equity		203.70B	229.84B	257.98B	299.24B	303.71B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Asian Paints's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Asian Paints Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		43.04B	41.88B	56.89B	72.15B	51.03B
Operating CF Cash flow Operating Activities		36.83B	9.86B	41.93B	61.04B	44.24B
Capex Investments in PPE		-2.82B	-5.38B	-12.73B	-24.96B	-18.05B
Investing CF Cash flow Investing Activities		-5.48B	-3.22B	-12.75B	-25.18B	-8.74B
Dividend Paid		-4.99B	-17.63B	-19.36B	-25.51B	-31.40B
Financing CF Cash flow Financing Activities		-6.50B	-18.08B	-21.40B	-29.83B	-37.53B
Cash (start) Cash at beginning of period		9.29B	34.21B	22.83B	30.54B	36.27B
Cash (end) Cash at end of period		34.21B	22.83B	30.54B	36.27B	33.57B
FCF Free Cash Flow		34.01B	4.48B	29.20B	36.08B	26.19B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Asian Paints's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025