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CRISIL reaffirms ratings of Asian Paints’ bank facilities

01 Nov 2013 Evaluate

Credit rating agency, CRISIL has reaffirmed AAA rating to long-term bank facilities of Asian Paints. The rating agency has also reaffirmed A1+ rating to the company’s short term bank facilities.

The company has received the said rating reaffirmation on the back of its leadership position in the domestic paints sector, healthy operating margin, and robust financial risk profile, marked by healthy capital structure and surplus liquidity. However, the rating strengths are partially offset by Asian Paints’ susceptibility to volatility in raw material prices.

Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.

Asian Paints Share Price

2463.40 23.05 (0.94%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Asian Paints 2463.40
Berger Paints India 468.80
Kansai Nerolac Paint 203.05
JSW Dulux 2930.65
Indigo Paints 839.55
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