Asian Paints (NSE:ASIANPAINT) ROCE %: 26.35% (As of Mar. 2026)


NSE:ASIANPAINT Asian Paints Ltd NSE:ASIANPAINT
98 GF Score
Price ₹2,645.20
GF Value ₹2,952.58
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Asian Paints ROCE %?

Asian Paints NSE:ASIANPAINT -0.84% 98 ROCE % is 26.35% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Asian Paints's annualized ROCE % for the quarter that ended in Mar. 2026 was 26.35%.

Asian Paints  (NSE:ASIANPAINT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Asian Paints ROCE % Related Terms

Asian Paints ROCE % Historical Data

* Premium members only.

The historical data trend for Asian Paints's ROCE % 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 ROCE % Chart

Asian Paints Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.69 35.02 38.41 24.42 26.03

Asian Paints Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 19.34 27.95 24.80 26.56 26.35
NSE:ASIANPAINT
98GF Score
Asian Paints Ltd NSE:ASIANPAINT
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Asian Paints ROCE % Calculation

Asian Paints's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=61988.5/( ( (303713.7 - 81412.3) + (345344.9 - 91370.3) )/ 2 )
=61988.5/( (222301.4+253974.6)/ 2 )
=61988.5/238138
=26.03 %

Asian Paints's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=66928.8/( ( (0 - 0) + (345344.9 - 91370.3) )/ 1 )
=66928.8/( ( 0 + 253974.6 )/ 1 )
=66928.8/253974.6
=26.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 26.35% mean?
Asian Paints (NSE:ASIANPAINT) has a ROCE % of 26.35% as of Mar. 2026.
Is Asian Paints' ROCE % too high?
Asian Paints' current ROCE % is 26.35%. The Chemicals industry median ROCE % is 6.42. Asian Paints' value of 26.35% is 310.4% above this industry median. 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' ROCE % compare to LIN and SHW?
Asian Paints' ROCE % of 26.35% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. Asian Paints' value of 26.35% is 310.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Chemicals company?
The median ROCE % among Chemicals companies is 6.42, based on 1,590 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asian Paints's current ROCE % of 26.35% is 310.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median ROCE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Paints's current ROCE % is 26.35%. 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 ROCE % is 26.35% and 310.4% above the Chemicals industry median of 6.42. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Asian Paints (NSE:ASIANPAINT), the current ROCE % is 26.35% 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:

  • ROCE %: 26.35%
  • GF Value™: ₹2,952.58 vs. price of ₹2,645.20 (10.4% below fair value)
  • GF Score™: 98/100 with 2 warning signs
  • Industry Position: 310.4% above the Chemicals median

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.
98GF Score

Get the complete analysis for NSE:ASIANPAINT

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

₹2,645.20
Price
₹2,952.58
GF Value