JSWDULUX · NSE
JSW Dulux Limited
₹3,188.8
+3.73% (+₹114.8)
Prev. close
₹3,074
Volume
21,480
Delivery %
54.7%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About JSW Dulux Limited
JSW Dulux Limited manufactures, distributes, and sells paints and coatings in India and internationally. It offers paints, enamels or lacquers, and varnishes for interior, exterior, waterproofing, and woodcare and metal applications; waterproofing paint products; weathershield paint for institutions/builders; and automotive and specialty, industrial, powder, and marine and protective coatings. The company's products are used in oil and gas, power, infrastructure, and wind energy projects; automobile; automotive OEM, consumer electronics, vehicle refinishes, and specialty coating businesses; and residential, commercial and industrial buildings. It offers its products primarily under the Dulux, International, Sikkens, and Interpon brands. The company was formerly known as Akzo Nobel India Limited and changed its name to JSW Dulux Limited in March 2026. JSW Dulux Limited was founded in 1792 and is based in Mumbai, India. JSW Dulux Limited operates as a subsidiary of JSW Paints Limited.
Details
Sector
Basic Materials
Industry
Specialty Chemicals
CEO
Mr. Rajiv Rajgopal MBA
Headquarters
Mumbai
Employees
1,300
Website
akzonobel.co.inExchange
View on NSE ↗Key stats
Market cap
₹14,521.89 Cr
P/E ratio (TTM)
7.4
Dividend yield
1.63%
EPS (TTM)
₹430.97
Beta (1Y · daily vs NIFTY 50)
0.41
Beta (5Y · monthly vs NIFTY 50)
0.41
Shares float
1.52 Cr
EPS · quarter ended Jun 2026
₹17.51
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.7% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,421.35 Cr | ₹3,148.58 Cr | ₹3,802.08 Cr | ₹3,961.58 Cr | ₹4,091.21 Cr | ₹3,599.20 Cr | |
| EBITDA | ₹364.02 Cr | ₹457.17 Cr | ₹552.42 Cr | ₹667.80 Cr | ₹669.15 Cr | ₹2,452.85 Cr |
| ₹207.64 Cr | ₹290.06 Cr | ₹335.10 Cr | ₹426.60 Cr | ₹429.50 Cr | ₹1,973.80 Cr | |
| Diluted EPS | ₹45.6 | ₹63.7 | ₹73.58 | ₹93.68 | ₹94.31 | ₹433.42 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,530.00 Cr | ₹2,592.00 Cr | ₹2,740.00 Cr | ₹2,904.00 Cr | ₹2,903.00 Cr | ₹3,795.00 Cr | |
| ₹63.90 Cr | ₹70.50 Cr | ₹69.70 Cr | ₹60.40 Cr | ₹62.10 Cr | ₹79.10 Cr | |
| Stockholders' equity | ₹1,289.00 Cr | ₹1,260.00 Cr | ₹1,317.00 Cr | ₹1,330.00 Cr | ₹1,331.00 Cr | ₹2,452.00 Cr |
Long-term debt, Current (short-term) debt, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹283.00 Cr | ₹121.00 Cr | ₹486.00 Cr | ₹486.00 Cr | ₹312.00 Cr | ₹93.00 Cr | |
| Investing cash flow | ₹-224.90 Cr | ₹230.41 Cr | ₹-15.08 Cr | ₹-86.03 Cr | ₹122.66 Cr | ₹803.67 Cr |
| ₹-174.00 Cr | ₹-346.00 Cr | ₹-302.00 Cr | ₹-439.00 Cr | ₹-460.00 Cr | ₹-875.00 Cr | |
| Capital expenditure | ₹-28.00 Cr | ₹-63.00 Cr | ₹-104.00 Cr | ₹-118.00 Cr | ₹-106.00 Cr | ₹-1,199.00 Cr |
| End cash position | — | — | ₹314.73 Cr | ₹273.66 Cr | ₹248.23 Cr | ₹269.82 Cr |
Change in working capital, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Jun 25(16Q) | Sep 25 | Dec 25–Jun 26(3Q) |
|---|---|---|---|
| Promoter | 74.76% | 69.76% | 61.20% |
| Public | 25.24% | 30.24% | 38.80% |
| Employee trusts | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Basic Materials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹3.17 L Cr | ₹11,014 | 36.9 | 4.13 | 10.7% | 0.31 | +16.6% | -12.8% |
| JSW Steel Limited | ₹3.06 L Cr | ₹1,275.6 | 12.4 | 3.06 | 22.3% | 1.19 | +9.3% | +13.8% |
| Hindustan Zinc Limited | ₹2.42 L Cr | ₹596 | 14.2 | 10.69 | 61.1% | 0.39 | +18.6% | +31.0% |
| Asian Paints Limited | ₹2.35 L Cr | ₹2,451.3 | 49.3 | 11.01 | 20.2% | 0.18 | +5.1% | -1.1% |
| Tata Steel Limited | ₹2.28 L Cr | ₹187.29 | 20.7 | 2.23 | 10.6% | 0.90 | +6.2% | +9.3% |
| Hindalco Industries Limited | ₹2.18 L Cr | ₹986.5 | 13.3 | 1.59 | 9.8% | 0.73 | +15.0% | +31.5% |
| Grasim Industries Limited | ₹2.15 L Cr | ₹3,209.2 | 37.9 | 2.08 | 4.8% | 2.20 | +18.2% | +11.5% |
| Solar Industries India Limited | ₹1.71 L Cr | ₹18,815 | 86.1 | 27.25 | 26.7% | 0.29 | +30.6% | +27.0% |
| Vedanta Aluminium Metal Limited | ₹1.60 L Cr | ₹416.5 | 42.1 | — | — | — | — | — |
| Pidilite Industries Limited | ₹1.58 L Cr | ₹1,572.1 | 59.8 | 14.58 | 22.6% | 0.04 | +11.1% | -48.5% |
| JINDAL STEEL LIMITED | ₹1.11 L Cr | ₹1,103 | 41.1 | 2.19 | 6.6% | 0.44 | +5.5% | +4.7% |
| JSW Dulux Limited | ₹14,035.52 Cr | ₹3,074 | 7.2 | 5.73 | 80.5% | 0.03 | -11.4% | — |
Ranked by market cap within Basic Materials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Show all 13
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
28 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
JSW Dulux faces Rs. 10,60,96,432 litigation notice from Karnataka GST Department
JSW Dulux Limited received a notice from the Karnataka GST Department for a disallowance of Input Tax Credit totaling Rs. 10,60,96,432 for April 2022 to March 2023. The company is preparing its response to the notice, which includes tax, interest, and penalty amounts. This highlights ongoing regulatory scrutiny of GST compliance.