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Asian Paints - Thrust On Growth, Brand Strength: Systematix

We maintain Buy rating on Asian Paints with target price of Rs 3,280 (11% upside), valuing the stock at 53 times FY26E P/E with 6% EPS CAGR over FY25EFY27E.

<div class="paragraphs"><p>An Asian Paints container outside a hardware store in Mumbai. (Photo: Vijay Sartape/NDTV Profit)</p></div>
An Asian Paints container outside a hardware store in Mumbai. (Photo: Vijay Sartape/NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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