Financial

In the financial year 2009-10, Asian PPG recorded consolidated gross sales of INR 4903.94 million, with a compounded annual growth rate (CAGR) in sales of 15.1% over the last five years. The company has been a profit-making venture in every year since the first couple of years since inception.

The company is known in business for its ethical approach, its adherence to the law of the land, fair and equitable treatment of all employees, and for its financially prudent approach.

Credit rating agency CRISIL has assigned its highest rating "P1+" for short term and "AA- / Stable" for long term.

Asian PPG has a conservative financial policy with low reliance on debt. Asian PPG’s low gearing, coupled with healthy operating profitability, has resulted in healthy debt protection measures. Its debt structure comprises mainly short-term debt contracted to fund the working capital requirement.

Last sections you visited