JSW Dulux Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 19.1%)
- ✓Efficient capital deployment (ROCE 22.7%)
- ✓Attractively valued vs sector (P/E 38.3x vs industry 48x)
- ✓Virtually debt-free
- ✓Regular dividends — yield 1.7%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,709 | ₹4.1L Cr | 80 | 26.61 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,690 | ₹2.6L Cr | 58.1 | 12.06 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,564 -0.82% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹13,855 | ₹88K Cr | 60.9 | 18.02 | 37.4 | 42 | 0.34 |
| HAVELLS Havells India Limited | ₹1,209 | ₹75K Cr | 44.7 | 8.01 | 19 | 24.9 | 0.03 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹595 | ₹59K Cr | 43 | 9.74 | 24.8 | 20.5 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹506 +3.2% | ₹58K Cr | 49.3 | 8.54 | 17.8 | 22.2 | 0.11 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
JSWDULUX · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% | 74.76% |
| FII | 3.20% | 3.42% | 3.63% | 3.75% | 3.84% | 3.68% |
| DII | 8.56% | 8.36% | 8.28% | 8.11% | 8.05% | 8.49% |
| Public | 13.49% | 13.47% | 13.33% | 13.39% | 13.35% | 13.08% |
Corporate Events
Dividend - Rs 50 Per Share
Special Dividend - Rs 156 Per Share
Dividend - Rs 30 Per Share
Interim Dividend - Rs 70 Per Share
Record: 19 Nov 2024
Annual General Meeting/Dividend - Rs 25 Per Share
Interim Dividend - Rs 50 Per Share
Annual General Meeting/Dividend - Rs 40 Per Share
Latest News
All news →JSW Dulux announces newspaper publication for special window.
*JSW Dulux announces newspaper publication for special window.* This appears to be a regulatory or procedural disclosure related to a special window, likely for shareholders or creditors. No financial figures or strategic developments were disclosed. Impact on trading is expected to be minimal. 📊 *STOCKS:* | 🏢 *SECTOR:* Corporate | #LOWIMPACT #CorporateFiling
JSW Dulux publishes statutory newspaper notice
*JSW Dulux publishes statutory newspaper notice.* This is a routine compliance requirement under corporate regulations. No financial or operational impact is indicated. The filing does not disclose any new business developments. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹883 Cr ▼1.2% | ₹894 Cr ▲7.1% | ₹835 Cr ▼16.1% | ₹995 Cr ▼1.9% | ₹1.0K Cr ▼3.4% | ₹1.1K Cr ▲6.9% | ₹982 Cr ▼5.2% | ₹1.0K Cr |
| Op. Profit | ₹127 Cr ▼6.6% | ₹136 Cr ▲22.5% | ₹111 Cr ▼17.2% | ₹134 Cr ▼15.7% | ₹159 Cr ▼4.8% | ₹167 Cr ▲14.4% | ₹146 Cr ▼13.6% | ₹169 Cr |
| OPM | 14.0% ▼6.7% | 15.0% ▲15.4% | 13.0% ▼7.1% | 14.0% ▼12.5% | 16.0% ▲0.0% | 16.0% ▲6.7% | 15.0% ▼6.3% | 16.0% |
| Net Profit | ₹126 Cr ▲70.3% | ₹74 Cr ▼95.6% | ₹1.7K Cr ▲1749.5% | ₹91 Cr ▼15.7% | ₹108 Cr ▼0.9% | ₹109 Cr ▲11.2% | ₹98 Cr ▼14.8% | ₹115 Cr |
| EPS (₹) | 27.6 ▲69.1% | 16.32 ▼95.6% | 369.52 ▲1749.4% | 19.98 ▼16.1% | 23.8 ▼0.2% | 23.85 ▲10.9% | 21.5 ▼14.5% | 25.16 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.6K Cr ▼11.6% | ₹4.1K Cr ▲2.7% | ₹4.0K Cr ▲4.2% | ₹3.8K Cr ▲20.7% | ₹3.1K Cr ▲30.1% | ₹2.4K Cr ▼9.1% | ₹2.7K Cr ▼8.8% | ₹2.9K Cr ▲7.3% | ₹2.7K Cr ▲5.7% | ₹2.6K Cr |
| Expenses | ₹3.1K Cr ▼9.8% | ₹3.4K Cr ▲3.0% | ₹3.3K Cr ▲1.6% | ₹3.3K Cr ▲20.7% | ₹2.7K Cr ▲30.6% | ₹2.1K Cr ▼9.3% | ₹2.3K Cr ▼11.1% | ₹2.6K Cr ▲6.4% | ₹2.4K Cr ▲7.8% | ₹2.2K Cr |
| Op. Profit | ₹509 Cr ▼20.7% | ₹642 Cr ▲1.4% | ₹633 Cr ▲20.3% | ₹526 Cr ▲21.2% | ₹434 Cr ▲26.5% | ₹343 Cr ▼7.3% | ₹370 Cr ▲8.2% | ₹342 Cr ▲14.4% | ₹299 Cr ▼9.1% | ₹329 Cr |
| OPM | 14.0% ▼12.5% | 16.0% ▲0.0% | 16.0% ▲14.3% | 14.0% ▲0.0% | 14.0% ▲0.0% | 14.0% ▲0.0% | 14.0% ▲16.7% | 12.0% ▲9.1% | 11.0% ▼15.4% | 13.0% |
| Other Income | ₹1.9K Cr ▲7100.0% | ₹27 Cr ▼22.9% | ₹35 Cr ▲34.6% | ₹26 Cr ▲13.0% | ₹23 Cr ▲9.5% | ₹21 Cr ▼48.8% | ₹41 Cr ▼4.7% | ₹43 Cr ▼82.1% | ₹240 Cr ▲269.2% | ₹65 Cr |
| Interest | ₹12 Cr ▲20.0% | ₹10 Cr ▼16.7% | ₹12 Cr ▼14.3% | ₹14 Cr ▲0.0% | ₹14 Cr ▲40.0% | ₹10 Cr ▲11.1% | ₹9 Cr ▲125.0% | ₹4 Cr ▲0.0% | ₹4 Cr ▲33.3% | ₹3 Cr |
| Depreciation | ₹75 Cr ▼15.7% | ₹89 Cr ▲8.5% | ₹82 Cr ▲0.0% | ₹82 Cr ▲7.9% | ₹76 Cr ▲0.0% | ₹76 Cr ▼3.8% | ₹79 Cr ▲21.5% | ₹65 Cr ▲12.1% | ₹58 Cr ▲7.4% | ₹54 Cr |
| PBT | ₹2.4K Cr ▲315.1% | ₹570 Cr ▼0.5% | ₹573 Cr ▲25.7% | ₹456 Cr ▲24.3% | ₹367 Cr ▲32.0% | ₹278 Cr ▼13.9% | ₹323 Cr ▲2.2% | ₹316 Cr ▼33.9% | ₹478 Cr ▲41.8% | ₹337 Cr |
| Tax % | 17.0% ▼32.0% | 25.0% ▼3.8% | 26.0% ▲0.0% | 26.0% ▲23.8% | 21.0% ▼16.0% | 25.0% ▼7.4% | 27.0% ▼18.2% | 33.0% ▲106.3% | 16.0% ▼40.7% | 27.0% |
| Net Profit | ₹2.0K Cr ▲359.1% | ₹430 Cr ▲0.7% | ₹427 Cr ▲27.5% | ₹335 Cr ▲15.5% | ₹290 Cr ▲39.4% | ₹208 Cr ▼12.2% | ₹237 Cr ▲12.3% | ₹211 Cr ▼47.3% | ₹400 Cr ▲61.9% | ₹247 Cr |
| EPS (₹) | 433.42 ▲359.6% | 94.31 ▲0.7% | 93.68 ▲27.3% | 73.58 ▲15.5% | 63.7 ▲39.7% | 45.59 ▼12.5% | 52.13 ▲12.5% | 46.33 ▼46.0% | 85.75 ▲62.0% | 52.94 |
| Div Payout | 47.0% ▼55.7% | 106.0% ▲32.5% | 80.0% ▼9.1% | 88.0% ▼25.4% | 118.0% ▲7.3% | 110.0% ▲307.4% | 27.0% ▼48.1% | 52.0% ▲100.0% | 26.0% ▼38.1% | 42.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹46 Cr ▲0.0% | ₹46 Cr ▲0.0% | ₹46 Cr ▲0.0% | ₹46 Cr ▲0.0% | ₹46 Cr ▲0.0% | ₹46 Cr ▲0.0% | ₹46 Cr ▲0.0% | ₹46 Cr ▼2.1% | ₹47 Cr ▲0.0% | ₹47 Cr |
| Reserves | ₹2.4K Cr ▲87.2% | ₹1.3K Cr ▲0.1% | ₹1.3K Cr ▲1.0% | ₹1.3K Cr ▲4.7% | ₹1.2K Cr ▼2.3% | ₹1.2K Cr ▲4.3% | ₹1.2K Cr ▲9.3% | ₹1.1K Cr ▼12.3% | ₹1.2K Cr ▲29.2% | ₹963 Cr |
| Borrowings | ₹79 Cr ▲27.4% | ₹62 Cr ▲3.3% | ₹60 Cr ▼14.3% | ₹70 Cr ▲0.0% | ₹70 Cr ▲9.4% | ₹64 Cr ▲0.0% | ₹64 Cr ▲2033.3% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr |
| Other Liabilities | ₹1.3K Cr ▼16.3% | ₹1.5K Cr ▼0.2% | ₹1.5K Cr ▲11.8% | ₹1.4K Cr ▲7.3% | ₹1.3K Cr ▲7.1% | ₹1.2K Cr ▲15.0% | ₹1.0K Cr ▲6.8% | ₹959 Cr ▲2.1% | ₹939 Cr ▲7.7% | ₹872 Cr |
| Total Liabilities | ₹3.8K Cr ▲30.7% | ₹2.9K Cr ▼0.0% | ₹2.9K Cr ▲6.0% | ₹2.7K Cr ▲5.7% | ₹2.6K Cr ▲2.5% | ₹2.5K Cr ▲8.8% | ₹2.3K Cr ▲10.9% | ₹2.1K Cr ▼6.0% | ₹2.2K Cr ▲18.5% | ₹1.9K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.6K Cr ▲235.3% | ₹481 Cr ▼8.6% | ₹526 Cr ▲2.9% | ₹511 Cr ▼1.7% | ₹520 Cr ▼4.2% | ₹543 Cr ▼5.4% | ₹574 Cr ▲8.3% | ₹530 Cr ▼1.7% | ₹539 Cr ▲3.9% | ₹519 Cr |
| CWIP | ₹49 Cr ▼26.9% | ₹67 Cr ▼43.7% | ₹119 Cr ▲63.0% | ₹73 Cr ▲73.8% | ₹42 Cr ▲162.5% | ₹16 Cr ▲0.0% | ₹16 Cr ▼5.9% | ₹17 Cr ▼37.0% | ₹27 Cr ▲17.4% | ₹23 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹84 Cr ▼77.7% | ₹377 Cr ▼34.2% | ₹573 Cr ▲70.5% | ₹336 Cr |
| Other Assets | ₹2.1K Cr ▼9.4% | ₹2.4K Cr ▲4.2% | ₹2.3K Cr ▲4.7% | ₹2.2K Cr ▲6.3% | ₹2.0K Cr ▲3.0% | ₹2.0K Cr ▲19.2% | ₹1.7K Cr ▲40.7% | ₹1.2K Cr ▲7.3% | ₹1.1K Cr ▲8.6% | ₹1.0K Cr |
| Total Assets | ₹3.8K Cr ▲30.7% | ₹2.9K Cr ▼0.0% | ₹2.9K Cr ▲6.0% | ₹2.7K Cr ▲5.7% | ₹2.6K Cr ▲2.5% | ₹2.5K Cr ▲8.8% | ₹2.3K Cr ▲10.9% | ₹2.1K Cr ▼6.0% | ₹2.2K Cr ▲18.5% | ₹1.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹93 Cr ▼70.2% | ₹312 Cr ▼35.8% | ₹486 Cr ▲0.0% | ₹486 Cr ▲301.7% | ₹121 Cr ▼57.2% | ₹283 Cr ▼24.3% | ₹374 Cr ▲169.1% | ₹139 Cr ▼24.0% | ₹183 Cr ▲28.0% | ₹143 Cr |
| Investing CF | ₹804 Cr ▲559.0% | ₹122 Cr ▲240.2% | ₹-87 Cr ▼480.0% | ₹-15 Cr ▼106.5% | ₹230 Cr ▲202.2% | ₹-225 Cr ▼5725.0% | ₹4 Cr ▼97.8% | ₹185 Cr ▲3183.3% | ₹-6 Cr ▼102.7% | ₹225 Cr |
| Financing CF | ₹-875 Cr ▼90.2% | ₹-460 Cr ▼4.8% | ₹-439 Cr ▼45.4% | ₹-302 Cr ▲12.7% | ₹-346 Cr ▼98.9% | ₹-174 Cr ▼10.8% | ₹-157 Cr ▲56.4% | ₹-360 Cr ▼185.7% | ₹-126 Cr ▲67.9% | ₹-392 Cr |
| Net Cash Flow | ₹22 Cr ▲184.6% | ₹-26 Cr ▲36.6% | ₹-41 Cr ▼124.1% | ₹170 Cr ▲2733.3% | ₹6 Cr ▲105.2% | ₹-115 Cr ▼152.0% | ₹221 Cr ▲713.9% | ₹-36 Cr ▼170.6% | ₹51 Cr ▲312.5% | ₹-24 Cr |
| Free Cash Flow | ₹-1.0K Cr ▼601.9% | ₹206 Cr ▼43.9% | ₹367 Cr ▼3.9% | ₹382 Cr ▲558.6% | ₹58 Cr ▼77.3% | ₹255 Cr ▼21.8% | ₹326 Cr ▲236.1% | ₹97 Cr ▲21.3% | ₹80 Cr ▲17.6% | ₹68 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61d ▲17.3% | 52d ▼1.9% | 53d ▲0.0% | 53d ▼7.0% | 57d ▼8.1% | 62d ▲14.8% | 54d ▼3.6% | 56d ▲5.7% | 53d ▼8.6% | 58d |
| Inventory Days | 99d ▲4.2% | 95d ▼5.0% | 100d ▲5.3% | 95d ▼26.4% | 129d ▼4.4% | 135d ▲26.2% | 107d ▲25.9% | 85d ▲1.2% | 84d ▼21.5% | 107d |
| Days Payable | 131d ▼13.2% | 151d ▼7.9% | 164d ▲18.8% | 138d ▼15.9% | 164d ▼25.5% | 220d ▲28.7% | 171d ▲30.5% | 131d ▼17.6% | 159d ▼3.0% | 164d |
| Cash Conv. Cycle | 29d ▲1066.7% | -3d ▲70.0% | -10d ▼190.9% | 11d ▼50.0% | 22d ▲195.7% | -23d ▼130.0% | -10d ▼211.1% | 9d ▲140.9% | -22d ▼2300.0% | 1d |
| Working Capital Days | 32d ▲45.5% | 22d ▲1200.0% | -2d ▼150.0% | 4d ▼71.4% | 14d ▲200.0% | -14d ▼180.0% | -5d ▼125.0% | 20d ▲100.0% | 10d ▼33.3% | 15d |
| ROCE | 23.0% ▼45.2% | 42.0% ▲0.0% | 42.0% ▲20.0% | 35.0% ▲25.0% | 28.0% ▲27.3% | 22.0% ▼18.5% | 27.0% ▲12.5% | 24.0% ▼40.0% | 40.0% ▲48.1% | 27.0% |
Source: Screener.in · Lower days = better efficiency
About JSW Dulux Limited
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]
Consumer Durables · Consumer Durables