JSW Dulux Limited share price
NSE: JSWDULUX · ISIN INE133A01011
Key numbers
- Market cap
- ₹ 14,571 Cr
- Current price
- ₹ 3,199.60
- 52-week high / low
- ₹ 3,745 / 2,659
- Stock P/E
- 7.4
- Book value
- ₹ 538.3
- Dividend yield
- 1.56%
- ROCE
- 121.1%
- ROE
- 104.4%
- Debt to equity
- 0.03
- Sales growth (3 yrs)
- -1.8%
- Profit growth (3 yrs)
- 80.6%
- 1-year return
- -5.6%
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.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 1,014 | 993 | 908 | 883 | 965 |
| Operating profit | 159 | 135 | 136 | 127 | 115 |
| Net profit | 108 | 91 | 74 | 126 | 80 |
| EPS (₹) | 23.80 | 19.98 | 16.32 | 27.60 | 17.51 |
Concall summary (2026-08-18)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- On behalf of ICICI Securities, we welcome you all to Q1 FY27 results webinar of JSW Dulux L imited.
- I guess the earlier target was we want to be in top three paint companies with Dulux as well as the paint, JSW Dulux Limited August 12, 2026 both businesses put together.
Growth & demand
- Now, we have delivered a volume growth of close to about 25%.
- And if you were to just adjust for the price, we would still have a volume growth of close to about 18%.
Margins & costs
- The gross margin was 360.8 crores against last year's 353.6, which is a 2%. growth.
- But given the crude prices, I have said that the EBITDA margin would be in the range of 13% to 15%.
Capex & expansion
- But remember that we have decided to reinvest in the growth.
- Second, remember that when you look at our discount, it also includes distributor commission.
Balance sheet & cash
- One is the interest on IT fund of about 21.5 crores and a dividend income from ICI R&T, which is for the property sale of assets which were under that entity of about 55.9 crores.
- One of items, one is the dividend income, which we received from the ICI R&T, which is a wholly owned subsidiary.
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