Akzo Nobel India Ltd

Akzo Nobel India Ltd

₹ 3,384 0.76%
17 Nov 10:05 a.m.
About

Incorporated in 1954, Akzo Noble India Ltd is
in the business of manufacturing, trading, and selling paints and related products. It also provides research and development services
to its Holding Company and other group companies[1]

Key Points

Business Overview:[1]
ANL is a part of the Akzo Nobel group, the world's largest coating company. It supplies essential protection and essential color to industries and consumers.

  • Market Cap 15,412 Cr.
  • Current Price 3,384
  • High / Low 3,958 / 3,022
  • Stock P/E 39.5
  • Book Value 495
  • Dividend Yield 2.93 %
  • ROCE 41.7 %
  • ROE 32.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%
  • Company has been maintaining a healthy dividend payout of 91.5%

Cons

  • Promoter holding has decreased over last quarter: -5.00%
  • The company has delivered a poor sales growth of 8.98% over past five years.
  • Earnings include an other income of Rs.1,900 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
926 987 951 999 956 1,033 973 1,036 982 1,050 1,022 995 835
820 844 797 837 814 866 812 867 836 884 863 861 724
Operating Profit 106 143 155 162 142 166 162 169 146 167 159 134 111
OPM % 11% 14% 16% 16% 15% 16% 17% 16% 15% 16% 16% 14% 13%
5 12 6 8 9 8 10 10 9 6 3 9 1,882
Interest 3 3 6 3 3 3 3 2 2 3 2 3 2
Depreciation 20 21 22 19 21 20 22 22 22 23 22 18 18
Profit before tax 88 132 133 148 127 152 147 154 132 146 137 122 1,972
Tax % 26% 26% 28% 26% 26% 25% 26% 26% 26% 26% 22% 26% 15%
65 97 95 110 94 114 109 115 98 109 108 91 1,683
EPS in Rs 14.36 21.39 20.95 24.13 20.68 24.99 23.89 25.16 21.50 23.85 23.61 19.98 369.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,332 2,442 2,640 2,572 2,719 2,918 2,662 2,421 3,149 3,802 3,962 4,091 3,903
2,141 2,181 2,380 2,244 2,420 2,576 2,291 2,078 2,714 3,276 3,328 3,449 3,332
Operating Profit 192 261 260 329 300 342 370 343 434 526 633 642 571
OPM % 8% 11% 10% 13% 11% 12% 14% 14% 14% 14% 16% 16% 15%
57 68 110 65 240 43 41 21 23 26 35 27 1,900
Interest 2 2 2 3 4 4 9 10 14 14 12 10 11
Depreciation 44 53 54 54 58 65 79 76 76 82 82 89 82
Profit before tax 203 275 314 337 478 316 323 278 367 456 573 570 2,378
Tax % 26% 32% 32% 27% 16% 33% 27% 25% 21% 26% 26% 25%
150 186 214 247 401 211 237 208 290 335 427 429 1,990
EPS in Rs 32.19 39.93 45.91 52.94 85.85 46.33 52.13 45.59 63.68 73.58 93.70 94.11 436.94
Dividend Payout % 233% 50% 153% 42% 26% 52% 27% 110% 118% 88% 80% 106%
Compounded Sales Growth
10 Years: 5%
5 Years: 9%
3 Years: 9%
TTM: -3%
Compounded Profit Growth
10 Years: 11%
5 Years: 13%
3 Years: 14%
TTM: -10%
Stock Price CAGR
10 Years: 10%
5 Years: 10%
3 Years: 13%
1 Year: -8%
Return on Equity
10 Years: 24%
5 Years: 26%
3 Years: 30%
Last Year: 32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 47 47 47 47 47 46 46 46 46 46 46 46 46
Reserves 801 873 1,116 962 1,244 1,090 1,192 1,242 1,213 1,270 1,284 1,283 2,208
0 0 3 3 3 3 64 64 70 70 60 62 71
1,191 879 878 872 938 959 1,024 1,178 1,261 1,354 1,513 1,511 1,315
Total Liabilities 2,039 1,799 2,043 1,884 2,231 2,097 2,325 2,529 2,590 2,739 2,903 2,902 3,640
502 516 523 519 539 530 574 543 520 511 526 481 1,580
CWIP 31 12 9 23 27 17 16 16 42 73 119 67 74
Investments 629 394 600 336 573 377 84 0 0 0 0 0 0
877 876 911 1,006 1,092 1,173 1,652 1,969 2,029 2,156 2,258 2,354 1,987
Total Assets 2,039 1,799 2,043 1,884 2,231 2,097 2,325 2,529 2,590 2,739 2,903 2,902 3,640

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
171 155 263 143 181 141 375 283 121 486 486 311
250 239 -156 225 -6 185 4 -225 230 -15 -87 123
-438 -410 -113 -392 -126 -360 -157 -174 -346 -302 -439 -460
Net Cash Flow -17 -16 -6 -24 50 -34 222 -116 6 170 -41 -26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 48 42 49 58 53 56 54 62 57 53 53 52
Inventory Days 86 95 89 107 84 85 107 135 129 95 100 95
Days Payable 130 119 145 164 159 131 171 220 164 138 164 151
Cash Conversion Cycle 4 17 -7 1 -22 9 -10 -23 22 11 -10 -3
Working Capital Days -62 -12 -59 15 10 20 -3 -14 14 4 -2 22
ROCE % 16% 25% 26% 27% 40% 24% 27% 22% 28% 35% 42% 42%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 69.76%
2.71% 2.97% 3.15% 3.14% 3.20% 3.42% 3.63% 3.75% 3.84% 3.68% 3.70% 7.97%
9.21% 8.99% 8.75% 8.61% 8.56% 8.36% 8.28% 8.11% 8.05% 8.49% 8.56% 13.77%
13.33% 13.27% 13.34% 13.49% 13.49% 13.47% 13.33% 13.39% 13.35% 13.08% 12.98% 8.50%
No. of Shareholders 43,94043,73545,23146,65747,32246,71246,66245,90648,26648,14048,92248,226

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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