Best Paints and Pigments Stocks

Track decorative, industrial, and specialty pigment makers benefiting from India’s real estate and auto demand.

Name	Price (Rs)	Market Cap (Rs Cr)	ROE (%)	ROCE (%)	Debt/Eq (x)	Sales var 3yrs (%)	Profit var 3yrs (%)	P/E (x)	P/BV (x)	EV/EBITDA (x)
Asian Paints	2,358.00	2,26,178.84	18.90	24.97	0.04	5.23	8.60	62.88	11.66	34.20
Berger Paints (India)	536.45	62,544.43	19.18	23.64	0.02	9.63	12.50	54.78	11.19	29.69
Kansai Nerolac Paints	246.30	19,913.42	17.79	13.00	0.02	7.09	12.68	17.58	3.10	17.21
Akzo Nobel India	3,326.45	15,148.76	32.31	39.88	0.00	9.12	14.24	37.32	10.63	24.03
Sudarshan Chemical Industries	1,313.00	10,319.72	1.62	3.64	0.61	14.98	7.04	140.37	8.50	21.63
Indigo Paints	1,058.90	5,048.38	13.75	17.25	0.01	NM	NM	35.68	5.38	17.73
Kiri Industries	588.10	3,529.93	8.15	0.36	0.35	-20.93	-12.02	19.32	1.19	75.21
Sirca Paints India	480.90	2,731.17	14.03	16.73	0.00	23.20	20.95	51.48	8.38	17.50
Vidhi Specialty Food Ingredients	350.30	1,749.57	14.41	20.17	0.21	-10.71	-9.51	36.72	6.05	33.01
Indokem	549.25	1,531.76	7.56	7.54	0.53	NM	NM	292.47	26.80	65.00
Shree Pushkar Chemicals & Fertilisers	421.40	1,362.71	10.87	12.34	0.18	11.35	1.81	20.42	2.69	9.88
Ultramarine & Pigments	460.55	1,344.81	7.71	9.89	0.09	12.31	8.78	17.09	1.24	10.82
Heubach Colorants India	530.50	1,224.49	9.83	14.16	0.00	-0.58	11.64	19.33	2.47	11.53
Amal	969.55	1,198.62	29.53	34.40	0.00	46.00	197.77	31.34	12.09	18.79
Bhageria Industries	180.00	785.60	7.28	9.43	0.08	-0.37	-16.97	17.18	1.48	7.31
Bodal Chemicals	61.89	779.47	1.67	6.43	0.82	-5.24	-46.15	26.69	0.72	9.42
Shalimar Paints	82.88	693.80	-38.86	-18.02	0.74	18.71	NM	NM	2.00	NM
Shankar Lal Rampal Dye-Chem	74.40	475.91	10.39	14.91	0.16	9.83	-25.06	39.18	4.57	22.46
Dynemic Products	330.00	410.14	6.68	12.84	0.43	13.41	1.61	24.08	1.96	8.71
Vipul Organics	200.00	354.98	6.94	12.28	0.72	6.92	-13.98	77.70	4.39	14.63
Asahi Songwon Colors	290.40	342.30	7.74	11.40	0.65	10.63	0.68	19.29	1.34	9.59
Sadhana Nitro Chem	9.43	310.63	2.69	6.61	0.84	7.92	6.72	64.46	1.12	17.72
Poddar Pigments	278.00	294.96	6.27	8.19	0.03	7.63	2.40	15.22	0.78	7.14
Indian Toners & Developers	266.00	276.42	12.54	14.99	0.00	1.23	0.82	10.65	1.75	4.99
Kamdhenu Ventures	8.66	272.23	4.01	6.77	0.14	NM	888.34	45.84	1.68	17.58

Data Source: Dion Global
Note: Company data is consolidated; Exceptional items, minority interest excluded

Oct 7, 2025, 4:01 PM IST

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The largest company, by revenues, in the Paints and Pigments sector is Asian Paints. Its revenues for the most recent year ended is Rs 33,905.62 cr.

Asian Paints has a market capitalisation of Rs 2,26,178.84 cr. Over the previous 12 months, Asian Paints’s share price declined 23.04%.

You can get the latest share price and detailed financials of Asian Paints here.

Also, you can see the latest share price performance of all paints and pigments stocks here.

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Why Use This Screener?

This screener identifies stocks with recurring demand from home improvement and manufacturing.

Linked to Real Estate Growth

Interior and exterior paints companies like Sudarshan Chemical Industries, Asian Paints, Berger Paints (India), and others see cyclical demand with new housing and repainting.

High Brand Loyalty and Pricing Power

Premium paints with anti-dust, waterproof, and sheen effects fetch strong margins in the paints and pigments industry.

Auto and Industrial Paints Add Diversification

Original equipment manufacturers and infrastructure companies add steady bulk demand for protective coatings.

Specialty Pigments Support Export Revenue

Fine chemical pigments used in inks, cosmetics, and plastics boost topline.

FAQs on Best Paints and Pigments Stocks

Is the industry competitive?

Yes, the industry is very competitive. It is because there are strong entry barriers due to a few dominant players with high brand recall and distribution.