5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

JSW Dulux Ltd.

•
akzonobel.co.inBSE: 500710NSE: JSWDULUX
Market Cap₹ 14,467 Cr.
Current Price
High / Low₹ 3,745 / 2,659
Stock P/E7.4
Book Value₹ 555
Price to Book5.40
Dividend Yield6.48 %
ROCE124.3 %
ROE103.1 %
Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Coatings: 100.0%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence
76%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 56.0% CAGR over last 5 years
  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 70.7%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 55.9%
  • Latest quarter profit grew 48.9% YoY, showing strong momentum
  • Company has been maintaining a healthy dividend payout of 48.9%

CONS

  • Promoter holding has decreased over last 2 years: -13.6pp
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.32x)
  • Working capital days have increased from 27 to 59 days
  • Stock is trading at 5.4x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesChemicalsPaints
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.Name
1.ASIANPAINT2482.1049.97238082.481.111559.4539.6010541.9418.1228.2220.93
2.BERGEPAINT471.6045.2054988.690.85405.0128.563583.7511.9723.1417.28
3.KANSAINER191.2025.7715463.851.31228.415.952373.599.7912.4413.83
4.JSWDULUX3176.657.3714466.566.4879.70-12.42965.00-3.02125.8211.93
5.INDIGOPNTS1108.2032.885289.730.4541.7060.04369.6719.6918.3716.78
6.SIRCA430.2036.462443.230.4616.2114.09130.0013.8020.2818.62
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
9999561,0339731,0369821,0501,014995835908883965
837814866812867836884855861724772756873
Operating Profit16214216616216914616715913411113612792
OPM %16.22%14.83%16.11%16.62%16.30%14.90%15.89%15.67%13.52%13.25%14.94%14.36%9.54%
898101096391,882-13281
Interest3333223232343
Depreciation19212022222223221818192020
Profit before Tax1481271521471541321461371221,972101104173
Tax %25.54%25.77%24.88%26.04%25.73%25.72%25.72%21.76%25.71%14.67%26.63%32.98%21.86%
Net Profit1109411410911598109108911,6837470136
24.1220.7024.9923.8925.1721.4923.8523.6019.98369.5016.2715.3529.76

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
2,5722,7192,9182,6622,4213,1493,8023,9624,0693,5993,591
2,2602,4232,5762,2832,0812,7183,2773,3303,4283,0923,126
Operating Profit312296342379340430525632641508465
OPM %12.14%10.89%11.72%14.24%14.05%13.67%13.81%15.96%15.76%14.10%12.95%
6949433224272736281,8801,952
Interest344910141412101212
Depreciation5458657976768282897577
Profit before Tax3242833163232783674565735702,3002,351
Tax %27.68%27.37%33.14%26.55%25.38%20.92%26.50%25.55%24.77%16.61%16.52%
Net Profit2342062112372082903354274291,9181,962
EPS52.9385.8545.9652.1345.6063.6873.5893.7894.20421.47—
Dividend Payout %43.89%49.95%51.87%26.83%109.59%117.67%88.26%79.97%106.16%48.88%—

COMPOUNDED SALES GROWTH

10 Years:
3%
5 Years:
8%
3 Years:
-2%

COMPOUNDED PROFIT GROWTH

10 Years:
25%
5 Years:
56%
3 Years:
79%

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
—

RETURN ON EQUITY

10 Years:
31%
5 Years:
43%
3 Years:
56%
Last Year:
103%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Jul 3

₹ 5

Rs.50.0000 per share(500%)Final Dividend

2025

Aug 11

₹ 15.60

Rs.156.0000 per share(1560%)Special Dividend

2025

Jul 25

₹ 3

Rs.30.0000 per share(300%)Final Dividend

2024

Nov 19

₹ 7

Rs.70.0000 per share(700%)Interim Dividend

2024

Jul 25

₹ 2.50

Rs.25.0000 per share(250%)Final Dividend

2024

Feb 16

₹ 5

Rs.50.0000 per share(500%)Interim Dividend

2023

Jul 27

₹ 4

Rs.40.0000 per share(400%)Final Dividend

2023

Feb 21

₹ 2.50

Rs.25.0000 per share(250%)Interim Dividend

2022

Jul 28

₹ 3.50

Rs.35.0000 per share(350%)Final Dividend

2022

Feb 22

₹ 4

Rs.40.0000 per share(400%)Interim Dividend

2021

Aug 5

₹ 3

Rs.30.0000 per share(300%)Final Dividend

2021

Feb 17

₹ 2

Rs.20.0000 per share(200%)Interim Dividend

2018

Jul 25

₹ 2.20

Rs.22.0000 per share(220%)Dividend

2017

Aug 4

₹ 2.20

Rs.22.0000 per share(220%)Dividend

2016

Jul 19

₹ 2

Rs.20.0000 per share(200%)Dividend

2016

Jul 19

₹ 5

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital47474646464646464646
9621,2441,0901,1921,2421,2131,2701,2841,2832,349
19221977768075565469
Trade Payables623664606677798845863998957754
2331,4861,6461,7301,8321,9482,1472,3272,0052,307
Total Liabilities1,8843,4623,4073,7203,9944,1324,4014,7104,3455,524
5195395305745435205115264811,613
Capital Work in Progress232717161642731196749
33657337784000000
405351392424488664598612605571
0000000575585603
Cash & Bank348462553732458563523300257
5661,8882,0302,0702,2132,4482,6562,3552,3082,432
Total Assets1,8843,4623,4073,7203,9944,1324,4014,7104,3455,524

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
25635826548636523462848631284
Cash from Investing225-61854-225230-15-86122748
Cash from Financing-392-126-360-157-174-346-302-439-460-875
-2450-34222-1166169-40-26-44

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.7674.7674.7674.7674.7669.7661.2061.2061.20
3.633.753.843.683.707.978.668.438.49
8.288.118.058.498.5613.7720.5821.7921.96
Government0.000.000.000.000.000.000.000.000.00
13.3313.3913.3413.0712.988.509.558.588.34

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07
Action(s) initiated or orders passed

2026-09-07 - JSW Dulux Limited has informed the Exchange about Action(s) initiated or orders passed

2026-09-07
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-09-07 - JSW Dulux Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-09-04
Credit Rating- New

2026-09-04 - JSW Dulux Limited has informed the Exchange about Credit Rating- New

2026-09-01
Action(s) initiated or orders passed

2026-09-01 - JSW Dulux Limited has informed the Exchange about Action(s) initiated or orders passed

2026-08-26
Action(s) initiated or orders passed

2026-08-26 - JSW Dulux Limited has informed the Exchange about Action(s) initiated or orders passed

2026-08-25
Action(s) initiated or orders passed

2026-08-25 - JSW Dulux Limited has informed the Exchange about Action(s) initiated or orders passed

2026-08-22
Copy of Newspaper Publication

2026-08-22 - JSW Dulux Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-21
Resignation of Director/KMP/SMP

2026-08-21 - JSW Dulux Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-21
Shareholders meeting

2026-08-21 - JSW Dulux Limited has informed the Exchange regarding Notice of Postal Ballot

News

Recent coverage and analyst commentary for JSWDULUX

Loading news…

🤖

AI Stock Analyst

JSW Dulux Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login