JSWDULUXConsumer Durables

JSW Dulux Limited

Paints · ISIN INE133A01011 · BSE 500710 · NSE EQ · FV ₹10
Last price
₹3,074
-0.26%today
What this company does

JSW Dulux Limited operates in Paints, part of the Consumer Durables sector. It booked ₹965 cr of revenue in its latest quarter (Q1 FY27) and kept 8.3% of sales as profit. It is the 4th largest of 8 Paints companies we track, by market value.

The Company is engaged in the business of consequence of amendments made to Ind AS 12 as the manufacturing, trading and selling of paints and related products.
Their stated vision

is to achieve zero injuries and harm through operational excellence.

In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 25–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns51

How much profit it earns on the money it employs

Balance sheet86

How much it owes, and whether earnings cover the interest

Cash quality44

Whether reported profit actually arrives as cash

Growth & consistency61

Whether sales and profit have grown, and how steadily

Valuation38

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 61%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Profit down 12% vs last year
! Operating cash flow is negative

What if I invest in JSWDULUX?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,074 -0.26%
latest close · 2026-09-17
1-year return
+39.7%
52-wk low ₹1,68852-wk high ₹3,239
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio43.9High
LowAverageHigh
P/B ratio5.71High
Below bookModerateHigh
EV / EBITDA24.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.0%Fair
WeakFairStrong ▸15%
Return on capital18.1%Strong
WeakFairStrong
Net margin8.3%Decent
ThinDecentStrong
EBITDA margin14.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover45.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.56Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹13,999 cr
Book value
₹538
EPS
₹17.51
latest quarter
Net debt
₹-270 cr
more cash than debt
Enterprise value
₹13,729 cr
EBITDA
₹563 cr
annualised
EBIT
₹481 cr
annualised
Operating margin
12.5%
Return on assets
8.4%
Earnings yield
2.28%
P/S
3.63
Sales / share
₹847.6
Tax rate
32.2%
Face value
₹10
Shares
4.6 cr
Working capital
₹644 cr
Current assets
₹1,787 cr
Current liabilities
₹1,143 cr
Delivery %
59.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹2,378₹2,980, midpoint ₹2,679

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹965 cr
Other Income₹26 cr
Total Income₹991 cr
Cost of Materials₹636 cr
Purchases of Stock-in-Trade₹44 cr
Inventory Change (±)₹-76 cr
Employee Benefit Expense₹83 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹20 cr
Other Expenses₹163 cr
Total Expenses₹873 cr
Profit before Tax₹118 cr
Tax Expense₹38 cr
Net Profit₹80 cr
Net margin on total income8.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹604 cr61.0%
Employee benefit expense₹83 cr8.3%
Finance costs₹3 cr0.3%
Depreciation & amortisation₹20 cr2.1%
Other expenses₹163 cr16.5%
Tax expense₹38 cr3.8%
Profit for the period₹80 cr8.0%
Total income ₹991 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue908 cr883 cr965 cr
Total income922 cr950 cr991 cr
Expenses793 cr781 cr873 cr
Profit before tax101 cr170 cr118 cr
Tax27 cr44 cr38 cr
Net profit (owners' share)74 cr126 cr80 cr
Net margin (owners' share, on revenue)8.2%14.2%8.3%
EPS (₹)16.3227.6017.51
YoY (latest quarter): total income -1.3% · net profit -12.4%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,795 cr
Shareholder equity
₹2,452 cr
parent shareholders
Total debt
₹0 cr
Cash
₹270 cr
Cash flow · H1 FY26
Operating
₹-195 cr
Investing
₹1,057 cr
Financing
₹-860 cr
Peer comparison
Paints · by market value
CompanyPriceMarket capP/E
Asian Paints Limited₹2,454₹2.35 L cr38.2
Berger Paints (I) Limited₹449₹52,307 cr32.3
Kansai Nerolac Paints Limited₹184₹14,896 cr16.1
JSW Dulux Limitedthis company₹3,074₹13,999 cr43.9
Indigo Paints Limited₹1,099₹5,239 cr31.4
Sirca Paints India Limited₹407₹2,309 cr35.7
Shalimar Paints Limited₹81₹675 cr
Kamdhenu Ventures Limited₹4₹143 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.63%
trailing 12 months
Dividend / share (TTM)
₹50
Last dividend
₹50
ex 3 Jul 2026
ActionDetailEx-date
Dividend₹50 / share3 Jul 2026
Dividend₹156 / share11 Aug 2025
Dividend₹30 / share25 Jul 2025
Dividend₹70 / share19 Nov 2024
Dividend₹25 / share25 Jul 2024
Dividend₹50 / share16 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
61.2%
FII / Foreign
8.5%
DII / Domestic
22.0%
Retail / others
8.3%
Promoter stake down 13.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldImperial Chemical Industries Limited · Other40.97 L · ₹1296.1 cr17 Dec 25
SoldAkzo Nobel Coatings International B.V. · Promoters1.11 cr · ₹3056.8 cr10 Dec 25
SoldImperial Chemical Industries Limited · Promoters1.66 cr · ₹4586.1 cr10 Dec 25
Bulk / block deals
short · NSE906 Aug 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 61.2% between them · as of 2026-06-30
JSW PAINTS LIMITED61.20%
AKZO NOBEL CHEMICALS INTERNATIONAL B.V.no shares
AKZO NOBEL ( C ) HOLDINGS B.V.no shares
AKZO NOBEL COATINGS INTERNATIONAL B.Vno shares
IMPERIAL CHEMICAL INDUSTRIES LTDno shares
PANTER B.V.no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.