JSW Dulux Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 19.1%)
- Efficient capital deployment (ROCE 22.7%)
- Virtually debt-free
- Regular dividends — yield 1.6%
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹5,020 | ₹4.5L Cr | 76.4 | 28.36 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,527 | ₹2.4L Cr | 49.7 | 11.33 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,690 +1.57% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹14,240 | ₹87K Cr | 46.4 | 18.52 | 18.9 | 29.2 | 0.34 |
| HAVELLS Havells India Limited | ₹1,154 | ₹72K Cr | 43.5 | 7.64 | 19 | 24.9 | 0.03 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹599 | ₹62K Cr | 42.3 | 9.8 | 24.8 | 21.2 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹510 −1.10% | ₹57K Cr | 46.1 | 8.6 | 17.3 | 21.6 | 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
To consider and approve the financial results for the period ended Jun 30, 2026 and stock split of equity shares - update
To consider and approve the financial results for the period ended Jun 30, 2026
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 newsJSW Dulux hosts analyst and investor meet
JSW Dulux Limited conducted an analyst and institutional investor meet to discuss business updates. No major financial announcements or guidance revisions were disclosed. The session focused on operational performance and strategic initiatives. 📊 *STOCKS:* $JSWDULUX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnalystMeet
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 DurablesConsumer Durables