Paint Companies
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Paint Companies

<span style="font-weight: bold; font-size: 10pt;">CW profiles the top companies in this category...</span><span style="font-weight: bold;"><br /> <br /> <span style="font-size: 12pt;">Largest Paint Company ASIAN PAINTS</span></span><br /> Asian Paints is among the largest paint companies in India with a market share of 53 per cent. The company has 25 manufacturing plants in 17 countries and has a strong dealership network of over 45,000 across India. Its business segments comprise of decorative and industrial paints, which contribute 81 and 13 per cent, respectively. Its decorative segment accounts to 70 per cent of the overall paints market. At present, the company's current capacity stands at 11.3 lakh kilo litre with a utilisation rate of 75 to 80 per cent. <p></p> <p>In order to grow its market share, Asian Paints is undergoing greenfield expansion plan of setting up a 4,000,000 kilo litre plant at Vishakhapatnam in Andhra Pradesh and to set up 600,000 kilo litre plant at Mysuru in Karnataka. Both these projects will achieve capacity of 300,000 kilo litre per annum in the first phase, ie, 2019.</p> <p>Over the years, Asian Paints has posted consistent performance and has even overcome the demonetisation impact in no time. It is a price leader in the market, and the price changes made by Asian Paints are usually followed by the peer companies. In FY2017, the company's revenue grew by 14 per cent to Rs 14,360 crore and its net profit grew by 13 per cent to Rs 1,803 crore. With respect to consistency in growth, the company's revenues have grown at a five-year CAGR of 10.60 per cent and profit-after-tax has witnessed a five-year CAGR of 15 per cent.</p> <p> <span style="font-weight: bold; font-size: 12pt;">Fastest Growing Paint Company</span><span style="font-weight: bold;"><br /> <span style="font-size: 12pt;">Kansai Nerolac</span></span><br /> Kansai Nerolac is a market leader, with 35 per cent market share in the industrial paint segment, and is the third largest coating manufacturer in the country with a market share of 14 per cent. The business segments consist of decorative and automotive paints. For the past few years, demand for the decorative segment has been growing faster than the automotive segment. Thus, the company has increased its revenue contribution in the decorative segment to 55 per cent in FY17 from 50 per cent in FY09. At present, the decorative and automotive segment contributes 55 per cent and 45 per cent towards the company's overall revenue.</p> <p>Kansai Nerolac has four manufacturing facilities with a capacity of 364,000 kilo litre, which it is planning to increase to 500,000 kilo litre. Expanding the capacity will help the company cater to the growing demand for the industrial and decorative divisions going forward.</p> <p>Moreover, the company has a strong OEM client base, which account to 30-35 per cent of the sales with Maruti Suzuki (having highest market share in passenger car) being one of its largest clients. The automotive segment, which had remained subdued over the past few years, has been improving with the improving economy. Moreover, increasing disposable income and higher rapid urbanisation will continue to boost the decorative segment. On the financial front, the company has posted a top-line of Rs 4,531.05 crore in FY17 as against Rs 3,830.22 crore in FY16. PAT for FY17 stood at Rs 505.94 crore as against Rs 215.90 crore in FY16. The company's five-year top-line CAGR is 15 per cent and the five-year CAGR for PAT stands at 23.72 per cent.</p>

<span style="font-weight: bold; font-size: 10pt;">CW profiles the top companies in this category...</span><span style="font-weight: bold;"><br /> <br /> <span style="font-size: 12pt;">Largest Paint Company ASIAN PAINTS</span></span><br /> Asian Paints is among the largest paint companies in India with a market share of 53 per cent. The company has 25 manufacturing plants in 17 countries and has a strong dealership network of over 45,000 across India. Its business segments comprise of decorative and industrial paints, which contribute 81 and 13 per cent, respectively. Its decorative segment accounts to 70 per cent of the overall paints market. At present, the company's current capacity stands at 11.3 lakh kilo litre with a utilisation rate of 75 to 80 per cent. <p></p> <p>In order to grow its market share, Asian Paints is undergoing greenfield expansion plan of setting up a 4,000,000 kilo litre plant at Vishakhapatnam in Andhra Pradesh and to set up 600,000 kilo litre plant at Mysuru in Karnataka. Both these projects will achieve capacity of 300,000 kilo litre per annum in the first phase, ie, 2019.</p> <p>Over the years, Asian Paints has posted consistent performance and has even overcome the demonetisation impact in no time. It is a price leader in the market, and the price changes made by Asian Paints are usually followed by the peer companies. In FY2017, the company's revenue grew by 14 per cent to Rs 14,360 crore and its net profit grew by 13 per cent to Rs 1,803 crore. With respect to consistency in growth, the company's revenues have grown at a five-year CAGR of 10.60 per cent and profit-after-tax has witnessed a five-year CAGR of 15 per cent.</p> <p> <span style="font-weight: bold; font-size: 12pt;">Fastest Growing Paint Company</span><span style="font-weight: bold;"><br /> <span style="font-size: 12pt;">Kansai Nerolac</span></span><br /> Kansai Nerolac is a market leader, with 35 per cent market share in the industrial paint segment, and is the third largest coating manufacturer in the country with a market share of 14 per cent. The business segments consist of decorative and automotive paints. For the past few years, demand for the decorative segment has been growing faster than the automotive segment. Thus, the company has increased its revenue contribution in the decorative segment to 55 per cent in FY17 from 50 per cent in FY09. At present, the decorative and automotive segment contributes 55 per cent and 45 per cent towards the company's overall revenue.</p> <p>Kansai Nerolac has four manufacturing facilities with a capacity of 364,000 kilo litre, which it is planning to increase to 500,000 kilo litre. Expanding the capacity will help the company cater to the growing demand for the industrial and decorative divisions going forward.</p> <p>Moreover, the company has a strong OEM client base, which account to 30-35 per cent of the sales with Maruti Suzuki (having highest market share in passenger car) being one of its largest clients. The automotive segment, which had remained subdued over the past few years, has been improving with the improving economy. Moreover, increasing disposable income and higher rapid urbanisation will continue to boost the decorative segment. On the financial front, the company has posted a top-line of Rs 4,531.05 crore in FY17 as against Rs 3,830.22 crore in FY16. PAT for FY17 stood at Rs 505.94 crore as against Rs 215.90 crore in FY16. The company's five-year top-line CAGR is 15 per cent and the five-year CAGR for PAT stands at 23.72 per cent.</p>

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