Asian Paints (NSE:ASIANPAINT) EV-to-OCF: (As of Sep. 08, 2026)

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NSE:ASIANPAINT Asian Paints Ltd NSE:ASIANPAINT
99 GF Score
Price ₹2,481.60
GF Value ₹2,943.71
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Asian Paints EV-to-OCF?

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Asian Paints's Enterprise Value is ₹2,337,288 Mil. Asian Paints's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was ₹0 Mil. Therefore, Asian Paints's EV-to-OCF for today is .

The historical rank and industry rank for Asian Paints's EV-to-OCF or its related term are showing as below:

NSE:ASIANPAINT' s EV-to-OCF Range Over the Past 10 Years
Min: 33.62   Med: 0   Max: 33.62
Current: 33.62

During the past 13 years, the highest EV-to-OCF of Asian Paints was 33.62. The lowest was 33.62. And the median was .

NSE:ASIANPAINT's EV-to-OCF is ranked worse than
80.8% of 1615 companies
in the Chemicals industry
Industry Median: 11.5 vs NSE:ASIANPAINT: 33.62

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-08), Asian Paints's stock price is ₹2481.60. Asian Paints's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹49.680. Therefore, Asian Paints's PE Ratio (TTM) for today is 49.95.


Asian Paints  (NSE:ASIANPAINT) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Asian Paints's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2481.60/49.680
=49.95

Asian Paints's share price for today is ₹2481.60.
Asian Paints's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹49.680.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Asian Paints EV-to-OCF Related Terms


Asian Paints EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Asian Paints's EV-to-OCF 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.

Asian Paints EV-to-OCF Chart

Asian Paints Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 297.50 62.61 44.34 50.27 28.71

Asian Paints Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 28.71 0.00

NSE:ASIANPAINT vs LIN, SHW, ECL: EV-to-OCF Comparison

For the Specialty Chemicals subindustry, Asian Paints's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asian Paints's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Asian Paints's EV-to-OCF falls into.


NSE:ASIANPAINT
99GF Score
Asian Paints Ltd NSE:ASIANPAINT
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asian Paints EV-to-OCF Calculation

Asian Paints's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=2337288.448/0
=

Asian Paints's current Enterprise Value is ₹2,337,288 Mil.
Asian Paints's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

* 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.

Is Asian Paints (NSE:ASIANPAINT) Overvalued in 2026?

Based on GuruFocus' analysis, Asian Paints stock appears to be undervalued. The current stock price of ₹2,481.60 is trading 15.7% below its estimated GF Value™ of ₹2,943.71. GuruFocus considers Asian Paints to be Modestly Undervalued.

Key valuation signals for NSE:ASIANPAINT:

  • EV-to-OCF:
  • GF Value™: ₹2,943.71 vs. price of ₹2,481.60 (15.7% below fair value)
  • GF Score™: 99/100 with 2 warning signs

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 Business Description

Other Exchanges 500820:India
Address 6A & 6B, Shantinagar, Santacruz (East), Mumbai, MH, IND, 400 055
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

Get the complete analysis for NSE:ASIANPAINT

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,481.60
Price
₹2,943.71
GF Value