Akzo Nobel India Ltd

About [ edit ]

Akzo Nobel India is engaged in the Business of Manufacture of paints and varnishes, enamels or lacquers.

  • Market Cap 9,970 Cr.
  • Current Price 2,180
  • High / Low 2,530 / 1,751
  • Stock P/E 51.5
  • Book Value 267
  • Dividend Yield 0.92 %
  • ROCE 27.2 %
  • ROE 20.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.80%

Cons

  • Stock is trading at 8.16 times its book value
  • The company has delivered a poor sales growth of 1.74% over past five years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
700 716 714 783 706 720 634 727 581 258 607 775
631 643 649 682 602 616 561 611 494 271 502 640
Operating Profit 70 72 65 101 103 103 73 116 87 -13 105 135
OPM % 10% 10% 9% 13% 15% 14% 11% 16% 15% -5% 17% 17%
Other Income 204 9 9 10 15 8 7 11 7 6 6 6
Interest 2 1 0 2 1 3 3 3 1 3 3 3
Depreciation 15 15 15 16 18 20 20 19 19 18 19 20
Profit before tax 258 66 58 92 99 89 56 104 74 -27 89 117
Tax % 8% 34% 37% 35% 29% 36% 13% 26% 27% 25% 26% 25%
Net Profit 238 44 37 60 70 57 49 77 54 -20 66 87
EPS in Rs 50.97 9.32 8.07 13.26 15.45 12.55 10.81 16.91 11.86 -4.45 14.55 19.19

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
850 890 1,040 1,917 2,152 2,332 2,442 2,640 2,572 2,719 2,918 2,662 2,221
749 772 907 1,742 1,964 2,141 2,181 2,337 2,244 2,420 2,576 2,291 1,907
Operating Profit 101 118 133 175 188 192 261 304 328 299 342 370 314
OPM % 12% 13% 13% 9% 9% 8% 11% 12% 13% 11% 12% 14% 14%
Other Income 302 105 110 112 138 57 68 67 66 241 43 41 25
Interest 3 1 2 4 9 2 2 2 3 4 4 9 10
Depreciation 21 21 22 37 39 44 53 54 54 58 65 79 76
Profit before tax 379 200 220 246 279 203 275 314 337 478 316 323 253
Tax % 22% 20% 20% 18% 22% 26% 32% 32% 27% 16% 33% 27%
Net Profit 295 159 177 202 219 150 186 214 247 401 211 237 187
EPS in Rs 77.11 46.89 32.19 39.93 45.91 52.94 85.85 46.33 52.13 41.15
Dividend Payout % 21% 37% 38% 36% 171% 233% 50% 153% 42% 26% 52% 27%
Compounded Sales Growth
10 Years:12%
5 Years:2%
3 Years:1%
TTM:-20%
Compounded Profit Growth
10 Years:10%
5 Years:10%
3 Years:3%
TTM:-23%
Stock Price CAGR
10 Years:10%
5 Years:10%
3 Years:4%
1 Year:19%
Return on Equity
10 Years:16%
5 Years:21%
3 Years:23%
Last Year:20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
38 37 37 37 47 47 47 47 47 47 46 46 46
Reserves 933 955 1,055 1,393 1,059 801 873 1,116 962 1,244 1,090 1,192 1,171
Borrowings 0 0 0 0 0 0 0 3 3 3 3 64 63
361 381 448 778 1,200 1,191 879 878 872 938 959 1,024 909
Total Liabilities 1,332 1,373 1,540 2,208 2,305 2,039 1,799 2,043 1,884 2,231 2,097 2,325 2,189
133 138 142 356 355 502 516 523 519 539 530 574 557
CWIP 2 2 14 15 106 31 12 9 23 27 17 16 14
Investments 915 960 985 1,004 947 629 394 600 336 573 377 84 87
283 272 398 833 898 877 876 911 1,006 1,092 1,173 1,652 1,532
Total Assets 1,332 1,373 1,540 2,208 2,305 2,039 1,799 2,043 1,884 2,231 2,097 2,325 2,189

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 111 36 137 208 171 155 263 143 181 141 375
283 76 27 -27 33 250 239 -156 225 -6 185 4
-54 -142 -48 -72 -231 -438 -410 -113 -392 -126 -360 -157
Net Cash Flow 231 45 16 38 10 -17 -16 -6 -24 50 -34 222

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 13% 12% 14% 13% 15% 16% 25% 26% 27% 40% 24% 27%
Debtor Days 32 33 25 43 43 48 42 49 58 53 56 54
Inventory Turnover 4.01 4.28 4.66 4.74 4.04 4.36 4.13 4.14 3.66 4.08 4.60 3.58

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
72.96 74.76 74.76 74.76 74.76 74.76 74.76 74.76 74.76 74.76 74.76 74.76
1.52 1.45 1.44 1.43 1.36 1.34 1.32 1.26 0.86 0.83 0.81 1.43
8.98 7.73 7.94 8.23 8.37 8.52 8.45 8.59 8.61 11.36 11.44 10.97
16.54 16.07 15.86 15.58 15.52 15.39 15.47 15.40 15.77 13.05 12.99 12.85

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