Akzo Nobel India Ltd
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]
- Market Cap ₹ 15,086 Cr.
- Current Price ₹ 3,304
- High / Low ₹ 4,674 / 3,022
- Stock P/E 37.2
- Book Value ₹ 292
- Dividend Yield 3.03 %
- ROCE 41.6 %
- ROE 32.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.03%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%
- Company has been maintaining a healthy dividend payout of 91.4%
Cons
- Stock is trading at 11.3 times its book value
- Promoter holding has decreased over last quarter: -5.00%
- The company has delivered a poor sales growth of 8.98% over past five years.
* 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Paints
Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 894 | 856 | 2,640 | 2,572 | 2,719 | 2,918 | 2,662 | 2,421 | 3,149 | 3,802 | 3,962 | 4,091 | 4,050 | |
| 808 | 1,024 | 2,380 | 2,244 | 2,420 | 2,576 | 2,291 | 2,078 | 2,714 | 3,276 | 3,328 | 3,449 | 3,440 | |
| Operating Profit | 86 | -168 | 260 | 329 | 299 | 342 | 370 | 343 | 434 | 526 | 633 | 642 | 610 |
| OPM % | 10% | -20% | 10% | 13% | 11% | 12% | 14% | 14% | 14% | 14% | 16% | 16% | 15% |
| 31 | 571 | 110 | 65 | 240 | 43 | 41 | 21 | 23 | 26 | 35 | 27 | 27 | |
| Interest | 3 | 3 | 2 | 3 | 4 | 4 | 9 | 10 | 14 | 14 | 12 | 10 | 10 |
| Depreciation | 23 | 21 | 54 | 54 | 58 | 65 | 79 | 76 | 76 | 82 | 82 | 89 | 89 |
| Profit before tax | 90 | 379 | 314 | 337 | 478 | 316 | 323 | 278 | 367 | 456 | 573 | 570 | 538 |
| Tax % | 34% | 22% | 32% | 27% | 16% | 33% | 27% | 25% | 21% | 26% | 26% | 25% | |
| 60 | 295 | 214 | 247 | 400 | 211 | 237 | 208 | 290 | 335 | 427 | 430 | 406 | |
| EPS in Rs | 15.55 | 77.22 | 45.91 | 52.94 | 85.75 | 46.33 | 52.13 | 45.59 | 63.70 | 73.58 | 93.68 | 94.31 | 89.13 |
| Dividend Payout % | 51% | 21% | 153% | 42% | 26% | 52% | 27% | 110% | 118% | 88% | 80% | 106% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 9% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 14% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 11% |
| 3 Years: | 16% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 30% |
| Last Year: | 32% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 47 | 47 | 47 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| Reserves | 724 | 933 | 1,116 | 963 | 1,244 | 1,091 | 1,192 | 1,243 | 1,214 | 1,271 | 1,284 | 1,285 |
| 1 | 0 | 3 | 3 | 3 | 3 | 64 | 64 | 70 | 70 | 60 | 62 | |
| 395 | 361 | 878 | 872 | 939 | 959 | 1,024 | 1,178 | 1,262 | 1,354 | 1,514 | 1,511 | |
| Total Liabilities | 1,159 | 1,332 | 2,044 | 1,884 | 2,233 | 2,098 | 2,326 | 2,530 | 2,592 | 2,740 | 2,904 | 2,903 |
| 142 | 133 | 523 | 519 | 539 | 530 | 574 | 543 | 520 | 511 | 526 | 481 | |
| CWIP | 18 | 2 | 9 | 23 | 27 | 17 | 16 | 16 | 42 | 73 | 119 | 67 |
| Investments | 684 | 915 | 600 | 336 | 573 | 377 | 84 | 0 | 0 | 0 | 0 | 0 |
| 316 | 283 | 912 | 1,007 | 1,094 | 1,174 | 1,652 | 1,970 | 2,030 | 2,157 | 2,259 | 2,355 | |
| Total Assets | 1,159 | 1,332 | 2,044 | 1,884 | 2,233 | 2,098 | 2,326 | 2,530 | 2,592 | 2,740 | 2,904 | 2,903 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83 | 2 | 263 | 143 | 183 | 139 | 374 | 283 | 121 | 486 | 486 | 311 | |
| 102 | 283 | -156 | 225 | -6 | 185 | 4 | -225 | 230 | -15 | -87 | 123 | |
| -265 | -54 | -113 | -392 | -126 | -360 | -157 | -174 | -346 | -302 | -439 | -460 | |
| Net Cash Flow | -80 | 231 | -6 | -24 | 51 | -36 | 221 | -115 | 6 | 170 | -41 | -26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2008 | Mar 2009 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 32 | 49 | 58 | 53 | 56 | 54 | 62 | 57 | 53 | 53 | 52 |
| Inventory Days | 91 | 81 | 89 | 107 | 84 | 85 | 107 | 135 | 129 | 95 | 100 | 95 |
| Days Payable | 185 | 150 | 145 | 164 | 159 | 131 | 171 | 220 | 164 | 138 | 164 | 151 |
| Cash Conversion Cycle | -51 | -37 | -7 | 1 | -22 | 9 | -10 | -23 | 22 | 11 | -10 | -3 |
| Working Capital Days | -35 | -37 | -1 | 15 | 10 | 20 | -5 | -14 | 14 | 4 | -2 | 22 |
| ROCE % | 12% | 13% | 27% | 40% | 24% | 27% | 22% | 28% | 35% | 42% | 42% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3h - Of investor call scheduled at 3pm on 7th November 2025
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Receipt Of Show Cause Notice From West Bengal GST Dept
23 Oct - Received GST show-cause notice (23.10.2025) alleging Rs.62,75,220 disallowed ITC for Apr 2021-Mar 2022.
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Updates on Open Offer
20 Oct - JSW Paints open offer for 1,18,40,482 shares (26%) at INR3,231.77; tendering Oct 23–Nov 6, 2025.
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Announcement under Regulation 30 (LODR)-Public Announcement-Open Offer
17 Oct - IDC recommendation published Oct 17, 2025 on JSW Paints' open offer for 1,18,40,482 shares (26%) at INR 3,231.77.
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Board Meeting Intimation for Quarterly Financial Results
15 Oct - Board meeting on 6 Nov 2025 to approve unaudited standalone and consolidated Q2/H1 results for September 30, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Nov 2024Transcript PPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Aug 2021TranscriptNotesPPT
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Mar 2020TranscriptPPT
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Sep 2019Transcript PPT
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.