Seat Number: ZK64418

A PROJECT REPORT ON

“Study Of Financial Analysis Of Asian

Paints Ltd."

Submitted by

Mr. Tawar Mohammad Mohtashim

BBA III Year (VI Semester)

Guided by:-

DR. PALLAVI.P.KAWALE
ASSISTANT PROFESSOR,

Department of Management

Submitted To,

SSBES
INSTITUTE OF TECHNOLOGY & MANAGEMENT,
NANDED

AFFILIATED TO,

S. R. T. M. UNIVERSITY, NANDED.

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(2023-2024)

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 ACKNOWLEDGEMENT

I would like to thank DR. PALLAVI.P.KAWALE

for his/her valuable guidance in making my project successful.

I also thank Dr. M. S. Altamash Sir, HOD Management

Department, & staff members whose contribution cannot be
overemphasized. With all their encouragement and well wishes, my
project proved to be fruitful.

I am thankful to Dr. S. B. Thorat, Director, SSBES’ ITM, Nanded

for motivating and guiding us for completion of BBA degree.

Date: -

Place:-

Tawar Mohammad Mohtashim

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 DECLARATION

I hereby declare that the information gathered during the period

2023-24 shall be strictly utilized only for the project report. The
project which is to be completed as per the rules of SRTM University
Nanded for full time BBA course that I am pursuing in Institute of
Technology & Management, Nanded.

I honestly express that the information is not collected with any

commercial intention and motivation. The sole motive is to learn the
real business practices and prepare project on it. Thus the sole
objective to collecting information is of academic purpose and assures
that collected information shall be put to use only for the project
report and nothing else.

Date: -

Place:-

Tawar Mohammad Mohtashim

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 KINDLY COLLECT THE CERTIFICATE F.ROM
RESPECTIVE GUIDE TOMORROW BY CHECKING
YOUR PROJECT

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 INDEX

Sr. No Topic Name Page No.

1. Introduction

2. Objectives of Study

3. Research Methodology

4. Data Analysis & Interpretation

5. Findings, Conclusion & Suggestions

Bibliography

Annexure

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Asian Paints Ltd is an Indian multinational paint company,
headquartered in Mumbai, Maharashtra, India. The company is
engaged in the business of manufacturing, selling and
distribution of paints, coatings, products related to home décor,
bath fittings and providing related services.
Asian Paints is India's largest paints company by market
share. It is the holding company of Berger International. The
company's manufacturing operations encompass 15 countries
of the world including India, with considerable presence in
the Indian subcontinent and the Middle East.
History
The company was started in a garage in
Gaiwadi, Girgaon, Mumbai by four Gujarati friends Champaklal
Choksey, Chimanlal Choksi, Suryakant Dani and Arvind
Vakil. They all belong to Jain families, and founded the
company in February 1942. During World War II and the Quit
India Movement of 1942, a temporary ban on paint imports left
only foreign companies and Shalimar Paints in the market.
Asian Paints took up the market and reported an annual
turnover of ₹23 crore in 1952 but with only 2% PBT margin. By
1967, it became the leading paints manufacturer in the country.
The four families together held the majority shares of the
company. But disputes started over the global rights in 1990s
when the company expanded beyond India. The disputes

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resulted in Choksey selling their 13.7% shares and exiting in
1997. Champaklal died in July 1997 and his son Atul took over.
After failed collaboration talks with the British company Imperial
Chemical Industries, Choksey's shares were mutually bought
by the remaining three families and Unit Trust of India. As of
2008, the Choksi, Dani and Vakil families hold a share of
47.81%. Ashwin Dani, the non-executive director of Asian
Paints, died on September 28, 2023, at the age of 79

Manufacturing locations
The company along with its subsidiaries have 26 manufacturing
facilities across 16 countries serving customer globally in over 65
countries.
Number
of
S.N Countri
Manufact Location/operating Brand
o. es
uring
plants

Ankleshwar & Sarigam (Gujarat), Patancheru (Tel

angana), Kasna (Uttar
Pradesh), Sriperumbudur (Tamil
1 India 10
Nadu), Rohtak (Haryana), Khandala & Taloja
(Maharashtra), Mysuru (Karnataka), Visakhapata
m (Andhra Pradesh)

Sri
2 2 Asian Paints Causeway
Lanka

3 Nepal 2 Asian Paints

Banglad
4 1 Asian Paints
esh

5 Indones 1 Asian Paints

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 ia

6 Fiji 1 Apco Coatings & Taubmans

Samoa
7 1 Taubmans
Islands

Vanuat
8 Apco Coatings
u

Solomo
9 n Apco Coatings
Islands

10 Oman 1 Asian Paints Berger

11 Bahrain 1 Asian Paints Berger

12 UAE 1 Asian Paints Berger

13 Egypt 2 SCIB Paints

14 Ethiopia 3 Kadisco Asian Paints

26
Total

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Ownership structure

The company has 12 institutional owners and shareholders that

are investing through Securities Exchange Commission (SEC).
Largest stakeholders include Bridge Builder International Equity
Fund, and Touchstone Sands Capital Emerging Markets
Growth Fund.

Shareholding pattern
As of 18 September 2023

Category of Shareholder Shareholding

Promoter Group 52.63%

FII 17.48%

DII 10.06%

Public 19.82%

Others 0.01%

Total 100%

In 2022, Asian Paints Q1 net profit up 79% to ₹1,017 crore; revenue up 55%.

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Objectives:

1. Market Leadership: Asian Paints aims to maintain its market

leadership by expanding market share and consistently
delivering high-quality products and services.

2. Innovation: The company focuses on continuous innovation

to develop new products and solutions, staying ahead of
industry trends and enhancing customer satisfaction.

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3. Sustainability and CSR: Asian Paints is committed to
sustainable practices and social responsibility, aiming to
minimize environmental impact and contribute positively to
communities.

Research Methodology :
The research methodology employed to study Asian Paints Ltd
could involve the following steps:

1. Literature Review: Conduct a comprehensive review of

existing literature, including academic journals, industry reports,
and company publications, to gather background information
about Asian Paints, its history, operations, financial
performance, market position, and recent developments.

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2. Data Collection: Gather primary data through methods such
as interviews, surveys, and observations, as well as secondary
data from sources like financial databases, industry
associations, and government reports. This data may include
information about Asian Paints' market share, sales figures,
customer preferences, competitive landscape, and regulatory
environment.

3. Analysis: Analyze the collected data using appropriate

analytical techniques, such as financial ratio analysis, SWOT
analysis, Porter's Five Forces analysis, or market trend
analysis. This analysis can help identify Asian Paints' strengths,
weaknesses, opportunities, and threats, as well as market
trends and competitive dynamics.

4. Case Study: Develop a case study approach to examine

specific aspects of Asian Paints' business, such as its
marketing strategies, innovation initiatives, or sustainability
practices. This may involve analyzing real-life examples,
success stories, or challenges faced by the company.

5. Comparison and Benchmarking: Compare Asian Paints'

performance with that of its competitors or industry benchmarks
to assess its relative strengths and weaknesses. This
comparative analysis can provide insights into Asian Paints'
market position, operational efficiency, and areas for
improvement.

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6. Interpretation and Conclusion: Interpret the findings of the
research to draw meaningful conclusions about Asian Paints'
business performance, competitive position, strategic direction,
and future prospects. Highlight key insights and
recommendations based on the research findings to guide
decision-making.

7. Report Writing: Prepare a research report documenting the

research methodology, data analysis, findings, conclusions,
and recommendations. Ensure the report is well-structured,
concise, and supported by evidence from the research findings.

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