Asian Paints is a market leader in the domestic decorative paint segment. It has added capacities on a consistent basis, with current capacity at 9,44,000 kilo liters (kl) per annum. It is prudent when it comes to its operations, leverage and business expansion. Despite continual focus on growth, the company has managed to keep its debt-to-equity ratio at a lower level. The debt-to-equity ratio was a mere 0.09 times in FY 2013. Debt is nil if cash and current investment is taken into consideration. Considering Asian Paints's consistent track record of profitability and leadership position, it may not be a surprise if the company announces a bonus issue a couple of years down the line.
