Asian PaintsNSE:ASIANPAINT -0.84%98 ROA % is 13.58% as of Mar. 2026, which is 15% below its 10-year median of 15.98. GuruFocus rates NSE:ASIANPAINT with a GF Score™ of 98/100 and a GF Value™ of ₹2,952.58 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,614 Chemicals companies, Asian Paints ranks better than 94.67% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Asian Paints's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹46,885 Mil.
Asian Paints's average Total Assets over the quarter that ended in Mar. 2026 was ₹345,345 Mil. Therefore, Asian Paints's annualized ROA % for the quarter that ended in Mar. 2026 was 13.58%.
The historical rank and industry rank for Asian Paints's ROA % or its related term are showing as below:
NSE:ASIANPAINT'
s ROA % Range Over the Past 10 Years
Min: 12.16 Med: 15.98 Max: 19.6
Current: 13.48
During the past 13 years, Asian Paints's highest ROA % was 19.60%. The lowest was 12.16%. And the median was 15.98%.
NSE:ASIANPAINT's ROA % is ranked better than 94.67% of 1614
companies
in the Chemicals industry
Industry Median: 2.9
vs NSE:ASIANPAINT: 13.48
Asian Paints (NSE:ASIANPAINT) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Asian Paints ROA % Related Terms
Asian Paints ROA % Historical Data
* Premium members only.
The historical data trend for Asian Paints's ROA % 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.
For the Specialty Chemicals subindustry, Asian Paints's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asian Paints's ROA % distribution charts can be found below:
* The bar in red indicates where Asian Paints's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Asian Paints (NSE:ASIANPAINT) has a ROA % of 13.58% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Asian Paints and its competitors. This is 15% below median its historical median of 15.98. Over the past decade, Asian Paints' ROA % has ranged from 12.16 to 19.60. According to the industry distribution chart, Asian Paints ranks #86 out of 1614 companies in the Chemicals industry, placing it in the top 5.3%.
Is Asian Paints' ROA % too high?
Asian Paints' current ROA % of 13.58% is 15% below median its 10-year median of 15.98. Over the past 10 years, this metric has ranged from a low of 12.16 to a high of 19.60. The Chemicals industry median ROA % is 2.90. Asian Paints' value of 13.58% is 368.3% above this industry median. Based on the distribution chart, Asian Paints ranks #86 out of 1614 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 Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Paints' ROA % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Asian Paints ranks #86 out of 1614 companies for ROA %. This places Asian Paints in the top 5% of its industry — outperforming the majority of peers. The industry median ROA % is 2.90. Asian Paints' value of 13.58% is 368.3% above this benchmark. Historically, Asian Paints' own ROA % has ranged from 12.16 to 19.60 over the past decade. While the company's 10-year median is 15.98 vs. the industry median of 2.90, 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 ROA % for a Chemicals company?
The median ROA % among Chemicals companies is 2.90, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asian Paints's current ROA % of 13.58% is 368.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Asian Paints and its competitors. For the Chemicals industry, the median ROA % is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current ROA % is 13.58%, which is 15% below median its own 10-year median of 15.98. 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 Modestly Undervalued. The stock's GF Value™ is ₹2,952.58, compared to a current price of ₹2,645.20 — trading 10.4% below its estimated fair value. The current ROA % is 13.58%, which is 15% below median its 10-year median of 15.98 and 368.3% above the Chemicals industry median of 2.90. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Asian Paints (NSE:ASIANPAINT), the current ROA % is 13.58% 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 ₹2,645.20 is trading 10.4% below its estimated GF Value™ of ₹2,952.58.
GuruFocus considers Asian Paints to be Modestly Undervalued.
Key valuation signals for NSE:ASIANPAINT:
ROA %: 13.58% (15% below median its 10-year median of 15.98)
GF Value™: ₹2,952.58 vs. price of ₹2,645.20 (10.4% below fair value)
Industry Position: 368.3% above the Chemicals median (#86 of 1614)
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
ROA % 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 
