Asian PaintsNSE:ASIANPAINT +3.06%98 Gross Margin % is 44.70% as of Mar. 2026, which is 5% above its 10-year median of 42.51. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 98/100 and a GF Value™ of ₹2,960.86 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,560 Chemicals companies, Asian Paints ranks better than 86.15% on this metric.
The historical rank and industry rank for Asian Paints's Gross Margin % or its related term are showing as below:
NSE:ASIANPAINT'
s Gross Margin % Range Over the Past 10 Years
Min: 36.5 Med: 42.51 Max: 43.83
Current: 43.68
During the past 13 years, the highestGross Margin % of Asian Paints was 43.83%. The lowest was 36.50%. And the median was 42.51%.
NSE:ASIANPAINT's Gross Margin % is ranked better than 86.15% of 1560
companies
in the Chemicals industry
Industry Median: 23.36
vs NSE:ASIANPAINT: 43.68
Asian Paints had a gross margin of 44.70% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Asian Paints was 1.50% per year.
Asian Paints (NSE:ASIANPAINT) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Asian Paints had a gross margin of 44.70% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Asian Paints Gross Margin % Related Terms
Asian Paints Gross Margin % Historical Data
* Premium members only.
The historical data trend for Asian Paints's Gross Margin % 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: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Asian Paints's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Asian Paints's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Asian Paints (NSE:ASIANPAINT) has a Gross Margin % of 44.70% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Asian Paints and its competitors. This is near median its historical median of 42.51. Over the past decade, Asian Paints' Gross Margin % has ranged from 36.50 to 43.83. According to the industry distribution chart, Asian Paints ranks #216 out of 1560 companies in the Chemicals industry, placing it in the top 13.8%.
Is Asian Paints' Gross Margin % too high?
Asian Paints' current Gross Margin % of 44.70% is near median its 10-year median of 42.51. Over the past 10 years, this metric has ranged from a low of 36.50 to a high of 43.83. The Chemicals industry median Gross Margin % is 23.36. Asian Paints' value of 44.70% is 91.4% above this industry median. Based on the distribution chart, Asian Paints ranks #216 out of 1560 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. 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' Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #216 out of 1560 companies for Gross Margin %. This places Asian Paints in the top 14% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.36. Asian Paints' value of 44.70% is 91.4% above this benchmark. Historically, Asian Paints' own Gross Margin % has ranged from 36.50 to 43.83 over the past decade. While the company's 10-year median is 42.51 vs. the industry median of 23.36, 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 Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.36, based on 1,560 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asian Paints's current Gross Margin % of 44.70% is 91.4% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Asian Paints and its competitors. For the Chemicals industry, the median Gross Margin % is 23.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current Gross Margin % is 44.70%, which is near median its own 10-year median of 42.51. 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 ₹2,960.86, compared to a current price of ₹2,716.40 — trading 8.3% below its estimated fair value. The current Gross Margin % is 44.70%, which is near median its 10-year median of 42.51 and 91.4% above the Chemicals industry median of 23.36. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Asian Paints (NSE:ASIANPAINT), the current Gross Margin % is 44.70% 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 ₹2,716.40 is trading 8.3% below its estimated GF Value™ of ₹2,960.86.
GuruFocus considers Asian Paints to be Fairly Valued.
Key valuation signals for NSE:ASIANPAINT:
Gross Margin %: 44.70% (near median its 10-year median of 42.51)
GF Value™: ₹2,960.86 vs. price of ₹2,716.40 (8.3% below fair value)
Industry Position: 91.4% above the Chemicals median (#216 of 1560)
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
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