ASIAN PAINTS LTD
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BSE Code:
500820
NSE Code:
ASIANPAINT
Business Profile
Business Profile
Asian Paints, established in 1942, stands as India's largest paint company and the third largest paint company in Asia, with a turnover of Rs 36.7 billion (around USD 851 million). Asia Paints was formerly known as Asian Paints (India). Asian Paints operates in Berger International, Apco Coatings, SCIB Paints and Taubmans.
Asian Paints is one of the few vertically integrated paint companies in India with an in-house manufacturing facility of Pthalic-Anhydride and Pentaerythritol. Asian Paints has extensively computerized its operations in India using the cutting edge solution provided by SAP and i2.
Asian paints` products include wall paints, metal paints, wood finishes, primers and others. The company exists both in decorative and industrial coating segment. The industrial coating segment comprises automotive coating, powder coating and protective coating.
Besides Asian Paints, the group operates around the world through its subsidiaries Berger International, Apco Coatings and SCIB Chemicals. The company also has a 50:50 joint venture with Pittsburgh Paints and Glass Industries (PPG) of USA.
Forbes Global magazine USA ranked Asian Paints amongst the 200 Best Small Companies in the World for 2002 and 2003 and presented the 'Best under a Billion' award, to the company.
Asian Paints has launched a supplier portal that includes an automated digital document exchange facility that will improve the efficiency and effectiveness of interaction with suppliers. An employee portal has also been set up. Customer Relations Management (CRM) tools are being used in Asian Paints Helpline and Home Solutions initiatives.
Asian Paints with a strong presence in the Indian sub-continent, Southeast Asia, Far East, Middle East, South Pacific, Caribbean, Africa and Europe
Financials
Net Sales rose 22.67% to Rs 7,402.08 million for the quarter ended June 2007 from Rs 6,033.98 million for the quarter ended June 2006.Total income rose 22.83% to Rs 7,489.86 million for the quarter ended June 2007, from Rs 6,097.77 million for the quarter ended June 2006.The earnings per share (EPS) of the company stood at Rs 7.74 the quarter ended June 2007 .
Recent Developments
15-JUN-07
Asian Paints said on Friday that Asian Paints (International), Mauritius, a wholly owned subsidiary of the company, entered into a share purchase agreement for sale of its entire stake in Asia Paints (Queensland) on Jun. 14, 2007, subject to due diligence.
Future Plans
Asian Paints, plans to set up new production plants and expand the existing ones for augmenting its capacity. It plans to double the production at its Sriperumbudur facility in Tamil Nadu from the present 50,000 Kl to 1,00,000 KL, in the next one year