Technology

Asian Paints (APL) is Indias leading paint manufacturer and marketer, with a
dominant share in the decorative segment(with market share of 45-50% in the
organised domestic paints segment while second-largest player has market share
of about 15%).Further, the company is virtually
debt free and also the cash flow has improved from `1,187cr in FY2015 to
`2,214r in FY2019. APL has maintained good return on equity (ROE) track
record for last 3 Years at 25.5%. Hence Buy.

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