JSW Dulux Ltd

JSW Dulux Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

JSW Dulux Ltd

₹ 3,152 8.47%
29 May - close price
akzonobel.co.in BSE: 500710 NSE: JSWDULUX
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.

Website BSE NSE
  • Market Cap ₹ 14,357 Cr.
  • Current Price ₹ 3,152
  • High / Low ₹ 3,916 / 2,649
  • Stock P/E 33.1
  • Book Value ₹ 495
  • Dividend Yield 3.17 %
  • ROCE 38.2 %
  • ROE 32.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%

Cons

  • The company has delivered a poor sales growth of 8.25% over past five years.
  • Earnings include an other income of Rs.1,944 Cr.
  • Promoter holding has decreased over last 3 years: -13.6%

* 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 Nifty500 Shariah BSE Consumer Discretionary BSE 250 SmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
951 999 956 1,033 973 1,036 982 1,050 1,014 995 835 894 883
797 837 814 866 812 867 836 884 855 861 724 758 756
Operating Profit 155 162 142 166 162 169 146 167 159 134 111 136 127
OPM % 16% 16% 15% 16% 17% 16% 15% 16% 16% 14% 13% 15% 14%
6 8 9 8 10 10 9 6 3 9 1,882 -14 67
Interest 6 3 3 3 3 2 2 3 2 3 2 3 4
Depreciation 22 19 21 20 22 22 22 23 22 18 18 19 20
Profit before tax 133 148 127 152 147 154 132 146 138 122 1,972 101 170
Tax % 28% 26% 26% 25% 26% 26% 26% 26% 21% 26% 15% 27% 26%
95 110 94 114 109 115 98 109 108 91 1,683 74 126
EPS in Rs 20.95 24.13 20.68 24.99 23.87 25.16 21.50 23.85 23.80 19.98 369.52 16.32 27.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
856 2,640 2,572 2,719 2,918 2,662 2,421 3,149 3,802 3,962 4,091 3,599
1,024 2,380 2,244 2,420 2,576 2,291 2,078 2,714 3,276 3,328 3,449 3,091
Operating Profit -168 260 329 299 342 370 343 434 526 633 642 508
OPM % -20% 10% 13% 11% 12% 14% 14% 14% 14% 16% 16% 14%
571 110 65 240 43 41 21 23 26 35 27 1,944
Interest 3 2 3 4 4 9 10 14 14 12 10 12
Depreciation 21 54 54 58 65 79 76 76 82 82 89 75
Profit before tax 379 314 337 478 316 323 278 367 456 573 570 2,366
Tax % 22% 32% 27% 16% 33% 27% 25% 21% 26% 26% 25% 17%
295 214 247 400 211 237 208 290 335 427 430 1,974
EPS in Rs 77.22 45.91 52.94 85.75 46.33 52.13 45.59 63.70 73.58 93.68 94.31 433.42
Dividend Payout % 21% 153% 42% 26% 52% 27% 110% 118% 88% 80% 106% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 8%
3 Years: -2%
TTM: -12%
Compounded Profit Growth
10 Years: 9%
5 Years: 16%
3 Years: 9%
TTM: 1%
Stock Price CAGR
10 Years: 7%
5 Years: 7%
3 Years: 9%
1 Year: -6%
Return on Equity
10 Years: 25%
5 Years: 29%
3 Years: 32%
Last Year: 33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 38 47 47 47 46 46 46 46 46 46 46 46
Reserves 933 1,116 963 1,244 1,091 1,192 1,243 1,214 1,271 1,284 1,285 2,210
0 3 3 3 3 64 64 70 70 60 62 71
361 878 872 939 959 1,024 1,178 1,262 1,354 1,514 1,511 1,324
Total Liabilities 1,332 2,044 1,884 2,233 2,098 2,326 2,530 2,592 2,740 2,904 2,903 3,651
133 523 519 539 530 574 543 520 511 526 481 1,580
CWIP 2 9 23 27 17 16 16 42 73 119 67 74
Investments 915 600 336 573 377 84 0 0 0 0 0 0
283 912 1,007 1,094 1,174 1,652 1,970 2,030 2,157 2,259 2,355 1,997
Total Assets 1,332 2,044 1,884 2,233 2,098 2,326 2,530 2,592 2,740 2,904 2,903 3,651

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2 263 143 183 139 374 283 121 486 486 311 93
283 -156 225 -6 185 4 -225 230 -15 -87 123 804
-54 -113 -392 -126 -360 -157 -174 -346 -302 -439 -460 -875
Net Cash Flow 231 -6 -24 51 -36 221 -115 6 170 -41 -26 22
Free Cash Flow 208 234 68 80 97 326 255 58 382 367 204 -1,022
CFO/OP -52% 145% 78% 120% 77% 131% 106% 54% 119% 104% 74% 33%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 32 49 58 53 56 54 62 57 53 53 52
Inventory Days 81 89 107 84 85 107 135 129 95 100 95
Days Payable 150 145 164 159 131 171 220 164 138 164 151
Cash Conversion Cycle -37 -7 1 -22 9 -10 -23 22 11 -10 -3
Working Capital Days -37 -1 15 10 20 -5 -14 14 4 -2 22
ROCE % 13% 27% 40% 24% 27% 22% 28% 35% 42% 42%

Insights

In beta
Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Gross Investment in Tinting/Color Solution Machines (Leased)
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Number of Active Dealers/Distributors
Number
Renewable Energy Share in Manufacturing
% ・Standalone data
Town Presence Reach
Number
Installed Solar Capacity
KWA ・Standalone data

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 74.76% 69.76% 61.20% 61.20%
3.15% 3.14% 3.20% 3.42% 3.63% 3.75% 3.84% 3.68% 3.70% 7.97% 8.66% 8.43%
8.75% 8.61% 8.56% 8.36% 8.28% 8.11% 8.05% 8.49% 8.56% 13.77% 20.58% 21.79%
13.34% 13.49% 13.49% 13.47% 13.33% 13.39% 13.35% 13.08% 12.98% 8.50% 9.56% 8.58%
No. of Shareholders 45,23146,65747,32246,71246,66245,90648,26648,14048,92248,22650,31448,493

* 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.

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