Best Paint Stocks to Buy in India – List of Top Paint Industry Shares of 2024Last Updated Date: Jan 02, 2024
Find out Best Paint Stocks to Buy in India. The wall Paint Companies in India never go out of business.
New houses are built, old houses are kept under maintenance, and public places remain attractive because of the decorative wall paints.
So, if you are planning to start investing in stocks from 2024, paint companies are a safe option.
However, comparing market trends and exploring each paint company can be tedious, so we have done the hard work for you! Here is a list of the Top Paint Stocks to buy in India in 2024.
Know about Paint Sector in India
Before diving into the list, you must know a little bit about what you are investing in!
The paint sector in India is over a hundred years old and has seen rapid growth post the World War II scenario.
It estimates that the domestic paint industry is about a Rs 500 billion industry, and you have a lot of safe Paint Sector Stocks to buy.
Now that you know that paints are a safe stock to hold, here we have ranked the Best Paint Companies in India for you.
Best Paint Stocks in India – List of Top 10 Paint Sector Stocks to Buy Today
Check out the Paint Share Price & Ranking of Best Paint Shares to buy Today or Tomorrow or for Long Term –
The paint sector is indeed huge, and in the stock market, the industry has been doing extremely well.
When it comes to comparing the best paint shares in India, 6 top companies have been performing extremely well over the past decades.
Starting from Asian Paints which reached an all-high market cap of 358.20.
Berger paints reached 872.95, Kansai Nerolac Paint to 680, Indigo paints to 3329.95, Akzo Nobel India to 2530, to finally Shalimar paints to 126.
Check out these best pigment shares to buy, in the paint sector:
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Asian Paints – Top Paint Company in India by Market Share
Founded in 1942, Asian paints is undoubtedly one of the best pigments stocks to buy in India.
It is not only the largest paint company in India but is also the third-largest paint company in Asia. The services provided by Asian paints are restricted to wall paints.
Still, they also deal with manufacturing, selling, and distributing wall coatings. Also for bath fittings, and other products and services related to home décor.
The wide grasp of this company is both on the urban and the rural market in India. It has the largest number of distributors.
They also have a great marketing strategy and an ever-increasing market hold.
It makes Asian Paints the most profitable paint company in India.
Asian Paints is at the top of our Best Pigment Stocks to Buy list, with a market capitalization of 308,11.831 crore Rs.
The net sales turnover of this pigments company is Rs 18516.86 Cr. It has a Net Sale of Rs 4785.91 Cr in the last June Quarter.
In the recent quarter, it declares that Asian Paints generated a net profit of 576.82 crore Rs after tax.
Why should you invest in Asian Paints stocks?
The greatest motivation for you to buy this stock must be that over the last 3 years, the stock Asian paints stock has returned 169.1 % to its holders, which is why it is also declared as the top paint company in India by market share.
Last year, Asian Paints Ltd. had declared the equity dividend @ Rs 17.85 per share.
Considering the current price of the share is Rs 3296.30, the dividend yield is a good 0.54 %- which is why Asian Paints has been declared as the Top Paint Company in India by Market Share
Asian Paints Stock predictions say that the stock prices will rise in the next few months.
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Berger Paints – Best Pigment Shares to buy
Though Berger Paints was originally founded in 1760, its existence was established in India in 1923 in Kolkata.
Berger Paints has established its presence in five countries, including India, Russia, Poland, Nepal, and Bangladesh.
Berger Paints is one of the greatest paint industries in India.
It has a distribution network of 25,000+ dealers all across the country.
The Headquarters of Berger paints are located in Kolkata, with 7 manufacturing units and 85+ sales offices.
Berger offers the customers a vibrant portfolio of paints and great benefits to all its stakeholders.
The most striking feature of the Berger Paint stock is that just about 1.73 % of the trading sessions.
It has recorded in the last 16 years noticed an intraday drop of more than 5%, and that is why it is on the list of the Best Pigment Shares to buy in India.
With a market capitalization of 79,75.304 crore Rs, Berger paints is one of India’s largest firms in the Building Materials industry.
The net sales turnover of this pigments company is Rs 6021.41 Cr with a Net Sale of Rs 1619.21 Cr in the last June Quarter.
Why should you invest in Berger Paints stocks?
One of the biggest reasons why experts recommend this stock is that over the last 3 years, the Berger paints stock has returned 206.49 % to its holders.
Last year, Berger Paints India Ltd. declared an equity dividend of Rs 2.80 per share.
Considering the share’s current price is Rs 832.20, the dividend yield is 0.34 %, which makes it one of the most chosen Paint Stocks in India for 2022.
Kansai Nerolac Paints – Top Paint Sector Stocks
Kansai Nerolac Paints was founded in 1920, with its headquarters in Mumbai.
By 2015, Kansai Nerolac Paints became the third largest paint industry. It has a market share of 15.4% among the Top Paint Sector Stocks.
Kansai Nerolac Paints is one of the fastest-growing paint industries in India. It is involved in a lot of other businesses in the industrial, automotive, and powder coating fields.
Kansai Nerolac develops and supplies paint systems used on the finishing lines of electrical components, automotive parts, and vehicles. Such as from cycles to buses, material handling equipment, and furniture.
This Paint has 6 paint manufacturing plants in Jaipur, Bawal, Lote, Hosur, Sayaka, Goindwal, and the 7th one at Visakhapatnam.
Why should you invest in Kansai Nerolac Paints stocks?
The most striking feature of the Kansai Nerolac Paint stock is that not more than 2.03 % of the trading sessions, recorded in the last 16 years noticed an intraday drop of more than 5%.
With a market capitalization of 34,80.344 crore Rs, Kansai Nerolac paints is on the list of the good stocks for investment in 2022.
The net sales turnover of this pigments company is Rs 4690.00 Cr. It was a Net Sale of Rs 1301.19 Cr in the last June Quarter.
Kansai Nerolac Paints is a highly suggested one.
It records that over the last 3 years, the Kansai Nerolac paints stock has returned 63.29 % to its holders.
Moreover, last year, Kansai Nerolac Paints India Ltd. declared an equity dividend of Rs 5.25 per share.
Considering the current Paint share price of Rs 640.00, the dividend yield is 0.82 %, making it one of the most chosen Paint Stocks in India for 2022.
Akzo Nobel India – Top Paint Companies in India
Akzo Nobel India Ltd., a Mid Cap business name in the Building Materials industry, was founded in 1954.
In 2012, AkzoNobel became India’s only integrated Paints and Coatings company.
It had a relatively limited Chemical portfolio when the three additional AkzoNobel Group firms united under the umbrella of AkzoNobel India Limited.
In 2018, the company got rid of the chemical manufacturing division and drove its focus on paints and coatings.
Dulux is the brand name of Akzo Nobel paints, and that is the name that most commoners recognize.
Akzo Nobel has a corporate office in Gurgaon with its plants in Hyderabad, Mohali, New Mumbai, Bengaluru, and Bhind.
Akzo Nobel is emerging as one of the Top Paint Companies in India. Not more than 1.49 % of the trading sessions. It recorded in the last 16 years noticed an intraday drop of more than 5%.
With a share market capitalization of 10,23.063 crore Rs, Akzo Nobel India should be on the list of your considerations for investment in 2022.
The net sales turnover of this pigments company is Rs 2421.40 Cr. It has a Net Sale of Rs 626.38 Cr in the last June Quarter.
Why should you invest in Akzo Nobel stocks?
The experts suggest Akzo Nobel India. The recorded figures of Akzo Nobel over the last 3 years state that the Akzo Nobel India stock.
It has returned 43.84 % to its holders. Moreover, last year, Akzo Nobel India India Ltd. declared the equity dividend @Rs 50.00 per share.
Considering the current Paint Stock Price of Rs 2240.00, the dividend yield is 2.23 %.
Indigo Paints – Paint Industry Stocks to Buy
Indigo Paints Ltd., is a Small Cap business with a market capitalization of 11,89.867 crores in the Chemicals sector.
It was founded in 2000 with its headquarters in Pune. Indigo paints limited has three manufacturing units located at Jodhpur, Kochi, and Pudukkottai.
Indigo Paints has been a fairly new company but has still constantly changed itself with changing market trends.
It also notes that the company has recently declared itself debt-free after being in debt for 5 years.
It makes it quite a competent candidate for the Paint Industry Stocks to Buy. Indigo Paints merged all of the different product categories into one brand name- Indigo.
According to experts, was a smart move when it came to establishing the company brand.
Why should you invest in Indigo Paints stocks?
Indigo Paints also deals with the manufacturing, selling, and distributing of emulsion, enamels, and wood coating apart from paints, putties, distemper, and other construction material.
Though the company had a modest beginning, in the year 2021, it rose to the 5th position in the list of the Top Paint Industry Shares in India. The sales turnover of indigo Paints is 723.32 Cr.
It was fairly recently- on 2nd February 2021 when Indigo Paints Limited made its debut on the NSE and the BSE.
Its share price was placed at Rs 2,607.5 per share, which was 75% over the premium of its initial issue price of Rs 1490.
On the day of its listing, the stock surged a booming 20% over its listing price. It also hit the upper circuit for Rs 3,129 per share.
Shalimar Paints – Top 10 Paint Stocks
Shalimar Paints, founded in 1902, is a company in the Building Materials sector. It is a small-cap industry with a market capitalization of Rs 52.753 Cr.
The company had not been performing well for the past three years; it offered a negative ROI (return on investment).
The return of the Shalimar Paints stock was just 18.25 % over three years against a sharp contrast of 88.19 % for the Nifty Smallcap 100.
Even though there has been a 3.54 % decrease in sales in the past year, the company’s sales turnover is Rs 325.56 Cr.
With the Net June Sales Turnover given at Rs 65.17 Cr.
The Paint Company Share Price of Shalimar paints is Rs 132.90. It expects to soon catch up in the market race to secure a position in India’s Top 10 Paint Stocks.
Why should you invest in Shalimar Paints stocks?
One prominent question in the minds of traders is whether they should invest in Shalimar Paints.
The answer is a big ‘Yes.’ There are many reasons one should surely look for investing in the funds.
Firstly, the foundation of the stock is very strong, and it is a very trusted company. Secondly, the fund size reached 126 in the last year, which is a huge jump.
Lastly, it is a very less volatile stock that only changed 0.65% in the last 52 weeks. It makes it a very stable and secure stock to invest in.
Shalimar Paints is a very good stock for Intraday Trading as well. Overall, this is one of the best paint stocks one should go for.
Jenson & Nicholson – Paint Shares in India
Jenson & Nicholson Paints Private Limited (JNPL) is an upcoming name in the paint industry.
It is a joint venture of Sheenlac Paints along with Jenson & Nicholson. In 1992, the company was set up in India. It is currently the 2nd oldest paint company in the country.
In 2016, there was a collaboration between Jenson & Nicholson India Limited and Sheenlac to form a brand-new venture named – Jenson & Nicholson Paints Private Limited (JNPL).
The intent of the new venture was very clear, which was to revive the overall brand. Then go on to build different alternatives in case of the decorative retail paint market in the country.
Hence, the JNPL started its journey to revamp and renew the brand – Jenson & Nicholson.
However, the brand’s falling presence in the market was a concern. It took several years to position and re-brand the brand.
At the moment, the entire ownership of the brand is with Sheenlac. The experts here are trying to leave no stone unturned to revive the brand.
Jenson & Nicholson Paints Private Limited has now started to go very aggressive in terms of the R&D efforts, for producing innovative products for the target audience.
Sarika Paints – Top Paint Stocks to buy
Sarika paints were established on 6th July 1989 as one of the Private Limited companies under the 1956 companies act in Gujarat.
Later on, the company was converted into a Public Limited Company via a special resolution passed on 4th March 1992.
First, the company constituted a new incorporation certificate. Then the registrar of companies issues the name change on the 16th March 1992.
The company’s primary goal was to set up a manufacturing project of different types of paints, intermediate projects, resins, varnishes, decorative, chemicals, adhesives, industrial coatings, etc.
The company’s major objective was to purchase sell, export different types of products, colors, chemicals, decorative, etc.
How to Find a Paint Stock for Trading?
If you want to trade in Paint stocks, you can find the list of companies listed in the NSE and BSE and place an order for the stocks you wish to hold.
The disclaimer here is that the stock market is volatile and changes very frequently.
Though the experts predict trends based on close observations and careful analysis, the investor’s discretion is advised.
Make sure you check the trends in the earnings of the company.
Its strength as compared to its peers, debt-to-equity ratio, and price-earnings ratio on your own to avoid careless or reckless trading.
Also, if you are new to the stock market, learn the basics to avoid fooling by misguiding brokers.
How to Invest in Paint Sector Stocks in India?
If you have decided to Invest in Paint Stocks, you need to know about the industry and keep up with the regular trends by checking on the news updates.
If you are a beginner, you will need to open an investing account i.e a trading account.
Once you learn the stock market basics, you can hop on to start trading.
Make sure to check the changing trends of the market and the proposals or schemes introduced by the companies whose stocks you are interested in.
Also, keep a check of the related sectors whose stocks can affect the paint sector, like the petroleum industry (as both have the same raw material)
Investing in the stock market is an activity you are never bored of. There is always a new sector, new company, or a new stock to invest in.
Now that we have analyzed the Top Paint Companies in India for you, you can choose for yourself, weighing all the pros and cons, and go on trading to get good returns.
Top Paint Companies in India – Conclusion
The Indian paint sector estimates to grow exponentially at an 8% estimated CAGR over the coming period.
There is an immense demand for the infrastructural activities and construction industry, which has been one of the prominent driving factors of paint.
Hence, this is the correct time to keep a look at the dip in the market for paint stocks and invest immediately.
These stocks are blue-chip stocks, which will surely give you a good % of return in the future after a few years.
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