Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Asian Paints's shares outstanding for the quarter that ended in Mar. 2026 was 959 Mil.
Asian Paints's quarterly shares outstanding
increased
from Dec. 2025 (959 Mil) to Mar. 2026 (959 Mil).
It means Asian Paintsissued new shares from Dec. 2025 to Mar. 2026 .
Asian Paints's annual shares outstanding
declined
from Mar. 2025 (959 Mil) to Mar. 2026 (959 Mil).
It means Asian Paintsbought back shares from Mar. 2025 to Mar. 2026 .
Asian Paints (NSE:ASIANPAINT) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Asian Paints Shares Outstanding (EOP) Related Terms
Asian Paints Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Asian Paints's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ASIANPAINT vs LIN, SHW, ECL: Shares Outstanding (EOP) Comparison
For the Specialty Chemicals subindustry, Asian Paints's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asian Paints Shares Outstanding (EOP) vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Asian Paints's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 959 Mil mean?
Asian Paints (NSE:ASIANPAINT) has a Shares Outstanding (EOP) of 959 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Asian Paints and its competitors.
Is Asian Paints' Shares Outstanding (EOP) too high?
Asian Paints' current Shares Outstanding (EOP) is 959 Mil. Overall, Asian Paints has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' Shares Outstanding (EOP) compare to LIN and SHW?
Asian Paints' Shares Outstanding (EOP) of 959 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Chemicals company?
A good Shares Outstanding (EOP) depends on the Chemicals industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Asian Paints and its competitors. Asian Paints's current Shares Outstanding (EOP) is 959 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Paints stock overvalued right now?
Based on GuruFocus' analysis, Asian Paints (NSE:ASIANPAINT) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,965.25, compared to a current price of ₹2,737.80 — trading 7.7% below its estimated fair value. The current Shares Outstanding (EOP) is 959 Mil. Asian Paints' overall GF Score™ is 99/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Asian Paints (NSE:ASIANPAINT), the current Shares Outstanding (EOP) is 959 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued.
The current stock price of ₹2,737.80 is trading 7.7% below its estimated GF Value™ of ₹2,965.25.
GuruFocus considers Asian Paints to be Fairly Valued.
Key valuation signals for NSE:ASIANPAINT:
Shares Outstanding (EOP): 959 Mil
GF Value™: ₹2,965.25 vs. price of ₹2,737.80 (7.7% below fair value)
No single metric tells the full story. See the NSE:ASIANPAINT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Paints Ltd is in the business of colour, decor, design and protection and operates through Decorative, International, Home Decor, and Industrial segments. The Decorative segment offers interior and exterior wall finishes, wood finishes, waterproofing, enamels, adhesives, tools, and undercoats. The Home Decor segment offers modular kitchens and wardrobes, bath fittings and sanitaryware, decorative lightings, uPVC windows and doors, wall coverings, furniture, fabric and furnishings, and rugs. The International segment caters to customers across Asia, the Middle East, Africa and the South Pacific. The Industrial segment provides automotive, general industrial, packaging, marine, industrial protective coatings, and powder coatings. The majority of revenue comes from India.
99GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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