Top 6 Best Paint Company Stocks In India With Good Dividend Yield

Best Paint Company Stocks In India

Decorative paint accounts for more than 75% of the domestic paint market, which is estimated to be worth Rs 50,000 crores. The decorative paint market includes exterior and interior wall paints, wood finishes, enamels, and supplementary items such as primers, putties, and other coatings.

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While the chip shortage has had an impact on a number of industries, including automobiles and consumer electronics, The Indian paint industry is the newest victim of the supply deficit.

Best Paint Company Stocks In India
Best Paint Company Stocks In India

The following is a list of the top Paint companies in India, ranked by total sales. In this article let us talk about 6 Best Paint Company Stocks In India

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Asian Paints  

BSE Code:500820
NSE Code:ASIANPAINT

Asian Paints, which was founded in 1945 and has a market valuation of Rs 308,118.31 crore, is a Large Cap company in the Building Materials category. The company had a net profit after tax of Rs 576.82 crore in the most recent quarter.

Over three years, the stock returned 169.1%, compared to 70.85% for the Nifty 100. One of Asian paint’s most valuable assets is its extensive distribution network of dealers and merchants. Over the years, it has benefited the corporation in building a healthy mix of urban and rural sales. The expansion of the home improvement business is centered on this network. Last quarter, more dealers joined up for multi-product distribution.

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Asian Paint is a well-known paint brand in India. Over the course of 25 years, Asian Paints has grown to become India’s largest paint company. Asian Paint is India’s largest paint company in terms of size.

Last year, Asian Paints Ltd. issued an equity dividend of Rs 17.85 per share. At the current share price of Rs 3296.30, this corresponds to a dividend yield of 0.54 percent. [Best Paint Company Stocks In India]

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Net Sales Turnover: Rs 18516.86 Cr
Net Sales in June quarter: Rs 4785.91 Cr

Berger Paints

BSE Code:509480
NSE Code:BERGEPAINT

India In the last 16 years, just 1.73 percent of trading sessions witnessed intraday declines of greater over 5%. Over three years, the stock returned 206.49 percent, compared to 72.05 percent for the Nifty 100 index.

Berger Paints (India) Ltd., a Large Cap company in the Building Materials business, was founded in 1923 and has a market cap of Rs 79,753.04 crore. In the previous year, Berger Paints (India) Ltd. paid an equity dividend of Rs 2.80 per share. At the current share price of Rs 832.20, this corresponds to a dividend yield of 0.34 percent.

Berger Paints India Limited is India’s second-largest paint company, with a reputation for being one of the country’s fastest-growing. With approximately 3450 workers (excluding subsidiaries) and a nationwide distribution network of over 25,000 dealers, the company is one of the largest in the industry. [Best Paint Company Stocks In India]

Net Sales Turnover: Rs 6021.41 Cr
Net Sales June quarter: Rs 1619.21 Cr

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Kansai Nerolac Paints

BSE Code:500165
NSE Code:KANSAINER

Kansai Nerolac Paints Ltd., a Large Cap company in the Building Materials category, was founded in 1920 and has a market cap of Rs 34,803.44 crore. Over three years, the stock returned 63.29 percent, compared to 72.05 percent for the Nifty 100 index.

In the last 16 years, just 2.03 percent of trading sessions witnessed intraday declines of greater over 5%. In the last 12 months, Kansai Nerolac Paints Ltd. has paid an equity dividend of Rs 5.25 per share. At the current share price of Rs 640.00, this corresponds to a dividend yield of 0.82 percent.

In Osaka, Japan’s Kansai Paints Co. Ltd. and GNPL signed a TAA in 1986 for the production of Cathodic Electrodeposition Primer and other advanced coatings for automotive applications. The first firm in India to use this technology was GNPL. [Best Paint Company Stocks In India]

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Sales Turnover: Rs 4690.00 Cr
Net June Sales Turnover: Rs 1301.19 Cr

Akzo Nobel India

BSE Code:500710
NSE Code:AKZOINDIA

In the last 16 years, just 1.49 percent of trading sessions witnessed intraday declines of more over 5%. Over three years, the stock returned 43.84 percent, compared to 90.24 percent for the Nifty Midcap 100. With a market value of Rs 10,230.63 crore, Akzo Nobel India Ltd., formed in 1954, is a Mid Cap company in the Building Materials category. Three more AkzoNobel Group companies operating in India were merged into Akzo Nobel India Small in 2012, making it India’s only integrated Paints & Coatings company with a limited Chemicals portfolio.

The chemicals part of the corporation was spun off in 2018, leaving the company only focused on paints & coatings. In the last 12 months, Akzo Nobel India Ltd. declared an equity dividend of Rs 50.00 per share. At the current share price of Rs 2240.00, this translates to a dividend yield of 2.23 percent. [Best Paint Company Stocks In India]

Sales Turnover: Rs 2421.40 Cr
Net Sales Turnover: Rs 626.38 Cr

Indigo Paints

BSE Code:543258
NSE Code:INDIGOPNTS

The firm has sufficient cash on hand to pay its potential liabilities. The corporation is debt-free for the first time in five years. Indigo Paints Ltd., a Small Cap company in the Building Materials sector with a market valuation of Rs 11,898.67 crore, was created in the year 2000.

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Indigo Paints rebranded in reaction to changing times and trends, demonstrating the company’s innovative spirit. A few years ago, it consolidated all of its several brands for various product categories into a single umbrella brand called “INDIGO.” [Best Paint Company Stocks In India]

Sales Turnover: Rs 723.32 Cr

Nippon Paint (India)

India Nippon Electricals Ltd., a Small Worth company in the Auto Ancillaries sector with a market valuation of Rs 822.51 crore, was founded in 1984. Nippon Paint, based in Osaka, is the sole company that offers paint solutions for all types of surfaces. Nippon Paint India is the best paint brand in India according to several parameters.

Over three years, the stock returned -13.43 percent, compared to 88.19 percent for the Nifty Smallcap 100. The stock has returned -13.43 percent over the last three years, while the Nifty Auto has returned 19.93 percent. With a market capitalization of Rs 822.51 crore, India Nippon Electricals Ltd., founded in 1984, is a Small Worth company in the Auto Ancillaries industry. The number one paint firm in Asia and one of the top paint makers in the world. [Best Paint Company Stocks In India]

Shalimar Paints 

BSE Code:509874
NSE Code:SHALPAINTS

Shalimar Paints, which was founded in 1902 and has a market valuation of Rs 527.53 crore, is a Small Cap company in the Building Materials industry. The company has had a negative return on investment for the past three years (ROI). Over three years, the stock returned 18.25 percent, compared to 88.19 percent for the Nifty Small cap 100. Sales decreased by 3.54 percent. For the first time in the last three years, the company’s revenue has decreased. [Best Paint Company Stocks In India]

Sales Turnover: Rs 325.56 Cr
Net June Sales Turnover: Rs 65.17 Cr

Top 6 Best Paint Company Stocks In India With Good Dividend Yield

Top 6 Best Paint Company Stocks In India With Good Dividend Yield

Disclaimer

Investors must therefore exercise due caution. Teknikalraman and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

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