Paints sector
8 companies · ₹3.5 L cr · 6 with AI deep dives
5y revenue CAGR
median 11.07%(p25 9.85% · p75 11.99%)
5y avg ROCE
median 19.03%(p25 13.9% · p75 25.45%)
Debt / equity
median 0.09x(p25 0.04x · p75 0.13x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30headwindWest Asia conflict drove unprecedented crude-linked raw material cost surge sector-wide5 managements
The escalation of the West Asia conflict in late Q4 FY26 was the single most cited headwind. Key crude-linked inputs spiked sharply: Indigo Paints quantified 'key raw material…
- INDIGOPNTS (Q4FY26): “The month of March 2026 saw an unprecedented spike in raw material costs, coupled with…”
mixed4 managements🔒headwind4 managements🔒mixed4 managements🔒tailwind4 managements🔒tailwind4 managements🔒tailwind3 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Asian Paints Ltd | ₹2.6 L cr | Unlock | latent operating leverageroce compounderroce compounder consumerearnings quality strong | |
| Berger Paints India Ltd | ₹58,271 cr | Unlock | roce compounderearnings quality strongnet cash | |
| Kansai Nerolac Paints Ltd | ₹15,980 cr | Unlock | net cash | |
| JSW Dulux Ltd | ₹13,325 cr | Unlock | latent operating leverageroce compounderroce compounder consumerearnings quality weak | |
| Indigo Paints Ltd | ₹5,091 cr | Unlock | capex coming onlineearnings quality strongnet cash | |
| Sirca Paints India Ltd | ₹2,212 cr | Unlock | latent operating leveragenet cash | |
| Shalimar Paints Ltd | ₹570 cr | Unlock | levering up | |
| Kamdhenu Ventures Ltd | ₹152 cr | Unlock | earnings quality weak |