Asian PaintsNSE:ASIANPAINT +1.03%98 Current Ratio is 2.21 as of Mar. 2026, which is 9% above its 10-year median of 2.02. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 98/100 and a GF Value™ of ₹2,961.96 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,609 Chemicals companies, Asian Paints ranks better than 58.42% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Asian Paints's current ratio for the quarter that ended in Mar. 2026 was 2.21.
Asian Paints has a current ratio of 2.21. It generally indicates good short-term financial strength.
The historical rank and industry rank for Asian Paints's Current Ratio or its related term are showing as below:
NSE:ASIANPAINT'
s Current Ratio Range Over the Past 10 Years
Min: 1.47 Med: 2.02 Max: 2.21
Current: 2.21
During the past 13 years, Asian Paints's highest Current Ratio was 2.21. The lowest was 1.47. And the median was 2.02.
NSE:ASIANPAINT's Current Ratio is ranked better than 58.42% of 1609
companies
in the Chemicals industry
Industry Median: 1.89
vs NSE:ASIANPAINT: 2.21
Asian Paints (NSE:ASIANPAINT) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Asian Paints Current Ratio Related Terms
Asian Paints Current Ratio Historical Data
* Premium members only.
The historical data trend for Asian Paints's Current Ratio 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: Current Ratio Comparison
For the Specialty Chemicals subindustry, Asian Paints's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's Current Ratio distribution charts can be found below:
* The bar in red indicates where Asian Paints's Current Ratio falls into.
* 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.
Asian Paints (NSE:ASIANPAINT) has a Current Ratio of 2.21 as of Mar. 2026. This is near median its historical median of 2.02. Over the past decade, Asian Paints' Current Ratio has ranged from 1.47 to 2.21. According to the industry distribution chart, Asian Paints ranks #669 out of 1609 companies in the Chemicals industry, placing it in the top 41.6%.
Is Asian Paints' Current Ratio too high?
Asian Paints' current Current Ratio of 2.21 is near median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 2.21. The Chemicals industry median Current Ratio is 1.89. Asian Paints' value of 2.21 is 16.9% above this industry median. Based on the distribution chart, Asian Paints ranks #669 out of 1609 companies in the Chemicals industry, which is above the industry midpoint. Overall, Asian Paints has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' Current Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #669 out of 1609 companies for Current Ratio. This puts Asian Paints in the upper half of its industry. The industry median Current Ratio is 1.89. Asian Paints' value of 2.21 is 16.9% above this benchmark. Historically, Asian Paints' own Current Ratio has ranged from 1.47 to 2.21 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.89, Asian Paints has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Chemicals company?
The median Current Ratio among Chemicals companies is 1.89, based on 1,609 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asian Paints's current Current Ratio of 2.21 is 16.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median Current Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current Current Ratio is 2.21, which is near median its own 10-year median of 2.02. 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 ₹2,961.96, compared to a current price of ₹2,744.50 — trading 7.3% below its estimated fair value. The current Current Ratio is 2.21, which is near median its 10-year median of 2.02 and 16.9% above the Chemicals industry median of 1.89. Asian Paints' overall GF Score™ is 98/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Asian Paints (NSE:ASIANPAINT), the current Current Ratio is 2.21 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 ₹2,744.50 is trading 7.3% below its estimated GF Value™ of ₹2,961.96.
GuruFocus considers Asian Paints to be Fairly Valued.
Key valuation signals for NSE:ASIANPAINT:
Current Ratio: 2.21 (near median its 10-year median of 2.02)
GF Value™: ₹2,961.96 vs. price of ₹2,744.50 (7.3% below fair value)
Industry Position: 16.9% above the Chemicals median (#669 of 1609)
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.
98GF Score
Get the complete analysis for NSE:ASIANPAINT
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:ASIANPAINT has been successfully added to your 
