NSE JSWDULUX · BSE 500710 · Chemical Manufacturing · NIFTY 500
JSW Dulux Ltd Share Price
₹3,128.10
▼ −₹29.68 · 0.94%
NSE · as of 24 Sep 2026, 9:21 AM · BSE ₹3,131.00
Today's range
₹3,111.50Low₹3,165.80High
52-week range
₹2,649.05Low · 1 Feb 2026₹3,746.70High · 2 Dec 2025
JSW Dulux Ltd Overview
Where the price stands, how it has moved and how it sits against its averages.
JSW Dulux Ltd shares last traded at ₹3,128.10 on the NSE, down 0.94% on the day. That is 16.5% below the 52-week high of ₹3,746.70 and 18.1% above the 52-week low of ₹2,649.05. The stock trades at 7.49× earnings, below the sector average of 20.26. Its market value is ₹14,256 Cr.
Price returns
1 Day▼ −0.94%
5 Days▲ +2.56%
This month▼ −0.11%
3 Months▼ −2.09%
6 Months▲ +8.06%
This year▼ −0.52%
1 Year▼ −6.83%
Against the market: 1 Month ▲ +5.36% · 3 Months ▲ +0.74% · 6 Months ▲ +8.70% · This year ▲ +13.30% · 1 Year ▲ +2.22%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 3 of 6
- 10-day average₹3,146.36 ▼ price 0.6% below
- 20-day average₹3,145.26 ▼ price 0.5% below
- 5-day average₹3,128.28 ▼ price 0.0% below
- Today's price₹3,128.10
- 100-day average₹3,078.83 ▲ price 1.6% above
- 50-day average₹3,077.87 ▲ price 1.6% above
- 300-day average₹3,066.15 ▲ price 2.0% above
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
JSW Dulux Ltd Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
4,091
3,599
1,974
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹3,599 Cr | ▼ −12.0% | ₹1,974 Cr | 54.8% | ₹433.42 | ₹50.00 |
| FY 2025 | ₹4,091 Cr | ▲ +3.3% | ₹430 Cr | 10.5% | ₹94.31 | ₹100.00 |
| FY 2024 | ₹3,962 Cr | ▲ +4.2% | ₹427 Cr | 10.8% | ₹93.68 | ₹75.00 |
| FY 2023 | ₹3,802 Cr | ▲ +20.8% | ₹335 Cr | 8.8% | ₹73.58 | ₹65.00 |
| FY 2022 | ₹3,149 Cr | ▲ +30.0% | ₹290 Cr | 9.2% | ₹63.70 | ₹75.00 |
| FY 2021 | ₹2,421 Cr | ▼ −9.0% | ₹208 Cr | 8.6% | ₹45.59 | ₹50.00 |
| FY 2020 | ₹2,662 Cr | — | ₹237 Cr | 8.9% | ₹55.02 | ₹14.00 |
1,051
965
1,683
80
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹965 Cr | ▲ +12.0% | ₹80 Cr | 8.3% | ₹17.51 |
| Q4 FY26 | ₹862 Cr | ▼ −5.1% | ₹126 Cr | 14.6% | ₹27.60 |
| Q3 FY26 | ₹908 Cr | ▲ +8.7% | ₹74 Cr | 8.2% | ₹16.32 |
| Q2 FY26 | ₹835 Cr | ▼ −15.9% | ₹1,683 Cr | 201.6% | ₹369.52 |
| Q1 FY26 | ₹993 Cr | ▼ −2.8% | ₹91 Cr | 9.2% | ₹19.98 |
| Q4 FY25 | ₹1,022 Cr | ▼ −2.7% | ₹108 Cr | 10.6% | ₹23.80 |
| Q3 FY25 | ₹1,051 Cr | — | ₹109 Cr | 10.3% | ₹23.85 |
Balance sheet — FY26
Owes (liabilities)Shareholders' equity
35%
65%
- Total assets₹3,795 Cr
- Total liabilities₹1,344 Cr
- Shareholders' equity₹2,452 Cr
- Total debt₹79 Cr
- Cash & investments₹310 Cr
- Current ratio1.56×
- Revenue growth, 5 yr8.25% a year
- EPS growth, 5 yr56.90% a year
- Operating margin (TTM)63.25%
- Net margin (TTM)54.99%
Cash flow — FY26
Operating activities
▲ ₹93 Cr
Investing activities
▲ ₹804 Cr
Financing activities
▼ −₹875 Cr
Free cash flow
▼ −₹1,106 Cr
Net change in cash
▲ ₹22 Cr
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 2,661.80 | 2,421.40 | 3,148.60 | 3,802.10 | 3,961.60 | 4,091.20 | 3,599.20 |
| Cost of revenue | 1,541.30 | 1,422.10 | 2,008.20 | 2,446.10 | 2,385.70 | 2,480.80 | 2,210.00 |
| Gross profit | 1,120.50 | 999.30 | 1,140.40 | 1,356.00 | 1,575.90 | 1,610.40 | 1,389.20 |
| Operating expenses | 2,366.90 | 2,147.70 | 2,786.00 | 3,357.00 | 3,410.10 | 3,538.40 | 1,316.70 |
| Operating income | 294.90 | 273.70 | 362.60 | 445.10 | 551.50 | 552.80 | 2,282.50 |
| Depreciation | 79.00 | 75.50 | 75.90 | 82.50 | 82.30 | 89.40 | 75.30 |
| Profit before tax | 323.20 | 278.20 | 366.80 | 455.90 | 573.00 | 569.90 | 2,365.50 |
| Tax | 72.63 | 70.60 | 76.70 | 120.80 | 146.40 | 140.40 | 391.70 |
| Net profit | 237.40 | 207.60 | 290.10 | 335.10 | 426.60 | 429.50 | 1,973.80 |
| EPS (₹) | 55.02 | 45.59 | 63.70 | 73.58 | 93.68 | 94.31 | 433.42 |
| Dividend per share (₹) | 14.00 | 50.00 | 75.00 | 65.00 | 75.00 | 100.00 | 50.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 2,325.80 | 2,530.10 | 2,591.60 | 2,740.50 | 2,903.90 | 2,903.40 | 3,795.30 |
| Current assets | 1,550.30 | 1,747.80 | 1,760.40 | 1,868.20 | 1,921.60 | 2,001.40 | 1,787.10 |
| Cash & short-term investments | 619.30 | 719.90 | 459.80 | 552.60 | 514.20 | 286.80 | 309.70 |
| Inventory | 438.60 | 494.50 | 676.70 | 606.70 | 629.00 | 631.50 | 585.30 |
| Property, plant & equipment | 582.00 | 553.20 | 556.60 | 579.50 | 642.10 | 546.10 | 509.10 |
| Total liabilities | 1,087.80 | 1,241.80 | 1,332.10 | 1,424.20 | 1,574.00 | 1,573.20 | 1,343.70 |
| Current liabilities | 947.70 | 1,091.30 | 1,183.80 | 1,263.90 | 1,423.50 | 1,450.10 | 1,143.20 |
| Total debt | 64.30 | 63.90 | 70.50 | 69.70 | 60.40 | 62.10 | 79.10 |
| Total equity | 1,238.00 | 1,288.30 | 1,259.50 | 1,316.30 | 1,329.90 | 1,330.20 | 2,451.60 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 374.10 | 283.20 | 121.40 | 486.20 | 485.50 | 311.00 | 93.20 |
| From investing | 4.40 | −224.90 | 230.40 | −15.10 | −86.00 | 122.70 | 803.70 |
| From financing | −157.30 | −173.70 | −345.90 | −301.70 | −439.40 | −459.50 | −875.40 |
| Capital expenditure | −47.80 | −28.10 | −63.40 | −104.30 | −118.50 | −106.50 | −1,199.00 |
| Dividends paid | −109.80 | −154.80 | −318.80 | −273.20 | −409.90 | −432.60 | −847.00 |
| Net change in cash | 221.20 | −115.40 | 5.90 | 169.70 | −41.00 | −25.50 | 21.60 |
What Analysts Say
2 analysts
Recommendations from 2 analysts who cover JSW Dulux Ltd.
Buy
average rating 2.50 on a 1–5 scale
Strong buyBuyHoldSellStrong sell
▲ 1 bullish (50.0%) · 1 hold (50.0%) · ▼ 0 bearish (0.0%)
Votes
Strong Buy
0 (0%)
Buy
1 (50%)
Hold
1 (50%)
Sell
0 (0%)
Strong Sell
0 (0%)
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | — |
| Buy | 1 | 1 | 1 | 1 | 1 | — |
| Hold | 1 | 1 | 1 | 1 | 1 | — |
| Sell | 0 | 0 | 0 | 0 | 0 | — |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | — |
Analyst ratings are opinions, not a guarantee of returns.
JSW Dulux Ltd vs Peers
Side by side with other chemical manufacturing companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| JSW Dulux Ltd | ₹3,128.10 | ▼ −0.94% | ₹14,256 Cr | 7.49 | 5.87 | 48.62% | 54.99% | 1.58% | This stock |
| Asian Paints | ₹2,398.10 | ▼ −2.24% | ₹2,30,025 Cr | 58.09 | 12.06 | 24.22% | 12.35% | 1.02% | Bearish |
| Solar Industries India | ₹19,573.30 | ▼ −0.74% | ₹1,77,119 Cr | 99.61 | 26.62 | 30.43% | 17.65% | 0.06% | Neutral |
| Pidilite Industries | ₹1,524.15 | ▼ −3.90% | ₹1,55,140 Cr | 64.76 | 14.71 | 21.84% | 16.92% | 0.73% | Moderately Bearish |
| SRF | ₹2,525.35 | ▼ −0.58% | ₹74,858 Cr | 44.57 | 6.07 | 15.85% | 11.62% | 0.31% | Bearish |
| Linde India | ₹6,202.75 | ▼ −1.36% | ₹52,900 Cr | 110.53 | 14.22 | — | 21.69% | 0.06% | Bearish |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
JSW Dulux Ltd Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
JSW Dulux LtdBenchmarkComfortable → stretched
Valuation Is the price reasonable?
P/E (TTM)Price ÷ yearly earnings per share
7.49
▼ 63% below the sector average of 20.26
P/E, 12-month rangeLow 6.56 · high 37.81
3%
Today's P/E sits 3% of the way from its low to its high
P/BPrice ÷ book value per share
5.87
P/SPrice ÷ sales per share
4.03
P/CFPrice ÷ cash flow per share
7.06
PEGP/E ÷ earnings growth (≈1 is fair)
0.09
Profitability Of every ₹100 of sales, how much is kept?
Gross marginKept after the cost of goods
39.92%
▲ above its 5-yr average of 38.02%
Operating marginKept after running costs
63.25%
▲ above its 5-yr average of 22.55%
Pre-tax marginKept before tax
66.14%
▲ above its 5-yr average of 23.28%
Net marginKept as profit
54.99%
▲ above its 5-yr average of 18.57%
Returns & efficiency How well does it use its money?
Return on equityProfit on shareholders' money
104.38%
▲ above its 5-yr average of 48.62%
Return on assetsProfit on everything it owns
58.93%
▲ above its 5-yr average of 24.16%
Return on investmentProfit on long-term capital
96.16%
▲ above its 5-yr average of 43.94%
Growth Is the business getting bigger?
Revenue — last 12 months
−11.8%
▼ shrinking
Revenue — 3 yr, a year
−1.8%
▼ shrinking
Revenue — 5 yr, a year
+8.3%
▲ growing
EPS — last 12 months
+383.6%
▲ growing (off the scale)
EPS — 3 yr, a year
+80.6%
▲ growing (off the scale)
EPS — 5 yr, a year
+56.9%
▲ growing (off the scale)
Dividend — 3 yr, a year
−8.4%
▼ shrinking
Book value — 5 yr, a year
+13.7%
▲ growing
Financial strength Can it pay its bills and debts?
Debt to equityBorrowings for every ₹1 of shareholders' money
0.03×
Current ratioShort-term assets for every ₹1 due within a year
1.56×
Quick ratioLike the current ratio, without inventory
1.05×
Interest coverOperating profit ÷ interest to pay
34.31×
Payout ratioShare of profit paid as dividend
47.53%
Per share What each share stands for
EPS (TTM)
₹430.95
Book value
₹538.81
Cash flow
₹448.02
Dividend
₹50.00
Revenue
₹783.88
The share price is 5.81× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 109 metrics from the data provider
Valuation
P/E excluding extraordinary items, most recent fiscal year7.29
Current Dividend Yield - Common Stock Primary Issue, LTM1.58
Price to Book - most recent fiscal year5.87
P/E Basic excluding extraordinary items - TTM7.49
P/E including extraordinary items - TTM7.33
P/E excluding extraordinary items low, trailing 12 months6.56
Price to Tangible Book - most fiscal year11.08
Dividend Yield - 5 Year Average2.90
Price to sales - most recent fiscal year4.00
Dividend Yield - indicated annual dividend divided by closing price1.58
Price to Cash Flow per share - trailing 12 month7.06
Peg Ratio0.09
P/E Normalized, most recent fiscal year39.30
P/E excluding extraordinary items high, trailing 12 months37.81
P/E excluding extraordinary items, most recent fiscal year quarter7.33
Price to sales - trailing 12 month4.03
Net Debt, LFY−2,306.00
Per share
Dividend Per Share - 5 year average73.00
Cash Flow per share - trailing 12 month448.02
Cash Flow per share - most recent fiscal year449.95
EPS including extraordinary items - trailing 12 month430.95
EPS including extraordinary items - most recent fiscal year433.42
EBITD per share - trailing 12 month107.42
Revenue/share - trailing 12 month783.88
EPS excluding extraordinary items - trailing 12 month430.95
EPS Basic excluding extraordinary items - most recent fiscal year433.42
EPS Basic excluding extraordinary items - trailing 12 month430.95
Book value per share - most recent fiscal year538.34
Dividend per share - most recent fiscal year50.00
Revenue/share - most recent fiscal year790.33
EPS Normalized - most recent fiscal year80.44
Book value (tangible) per share - most recent fiscal year285.20
Dividends per share - trailing 12 month50.00
EPS excluding extraordinary items - most recent fiscal year433.42
Cash per share - most recent fiscal year68.01
Margins
Operating margin - trailing 12 month63.25
Gross Margin - 5 year average38.02
Operating margin - 1st historical fiscal year63.42
Operating Margin - 5 year average22.55
Net Profit Margin % - 1st historical fiscal year54.84
Gross Margin - 1st historical fiscal year38.60
Net Profit Margin % - trailing 12 month54.99
Net Profit Margin - 5 year average18.57
Pretax Margin - 5 year average23.28
Pretax margin - 1st historical fiscal year65.72
Pretax margin - trailing 12 month66.14
Free Operating Cash Flow/Revenue, 5 Year Average−12.77
Gross Margin - trailing 12 month39.92
Growth
EPS Change %, TTM over TTM383.55
Revenue growth rate, 5 year8.25
EPS growth rate, 5 year56.90
Revenue Change % - most recent quarter 1 year ago−2.83
Growth rate% - dividend, 3 year−8.37
Growth rate% - EPS, 3 year80.60
Revenue/share (5 yr growth)8.25
Tangible Book Value, Total Equity, 5 Year CAGR0.26
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR1.96
Capital Spending growth rate, 5 year111.85
Revenue Change %, TTM over TTM−11.83
Growth rate% - Revenue, 3 year−1.81
Book value per share growth rate, 5 year13.73
EPS Change % - most recent quarter 1 year ago−12.36
Net Profit Margin growth rate, 5 year44.94
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR8.03
Total Debt, 5 Year CAGR4.36
Financial strength
Free Cash Flow - most recent fiscal year−19,528.00
LT debt/equity - most recent fiscal year0.03
Quick ratio - most recent fiscal year1.05
Payout ratio - trailing 12 month11.60
Current ratio - most recent fiscal year1.56
Current EV/Free Cash Flow, LFY4,569.11
Total debt/total equity - most recent fiscal year0.03
Net Interest coverage - trailing 12 month34.31
Payout ratio - most recent fiscal year47.53
Returns & efficiency
Return on average equity - 5 year average48.62
Net Income/employee - trailing 12 month1,69,76,640.00
Revenue/employee - most recent fiscal year2,63,38,820.00
Return on investment - most recent fiscal year96.16
Return on average assets - most recent fiscal year58.93
Receivables turnover - most recent fiscal year6.06
Inventory turnover - most recent fiscal year3.63
Revenue/employee - trailing 12 month3,08,74,570.00
Return on average assets - 5 year average24.16
Net Income/employee - most recent fiscal year1,44,44,200.00
Asset turnover - most recent fiscal year1.07
Return on average equity - most recent fiscal year104.38
Return on investment - 5 year average43.94
Price & volume
Market Cap14,224.54
52 week Low Date1 Feb 2026
Price - 1 Day % Change0.76
Relative (S&P500) price percent change - 13 week0.74
Avg trading volume last 10 days0.03
Price - 13 week price percent change−2.09
Price - 52 week price percent change−6.83
Avg Trading Volume Last 3 months0.49
Price - 5 Day % Change2.56
Price % Change Month To Date−0.11
Relative (S&P500) price percent change - 04 week5.36
52 week High Date2 Dec 2025
Price - 26 week price percent change8.06
PDATE23 Sep 2026
Price - YTD price percent change−0.52
Relative (S&P500) price percent change - 52 week2.22
NPRICE3,160.90
Relative (S&P500) price percent change - 26 week8.70
52 week Low2,658.70
52 week High3,745.00
Beta0.38
Relative (S&P500) price percent change - Year to Date13.30
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
₹100.00
₹50.00
- Dividend yield1.58%
- Payout ratio47.53%
- 5-year average dividend₹73.00 a share
- Latest dividend₹50.00 per share · 3 Jul 2026
Corporate calendar
- MeetingPostal Ballot
- BoardQuarterly Results & Stock Split
- MeetingAnnual General Meeting
- Dividend₹50.00 per share · 500% · Final dividend
- BoardAudited Results & Final Dividend
- MeetingPostal Ballot
- BoardEmployees Stock Option Plan
- MeetingPostal Ballot
Show 14 older events
- BoardQuarterly Results
- BoardQuarterly Results
- Dividend₹156.00 per share · 1,560% · Special special dividend
- MeetingAnnual General Meeting
- BoardQuarterly Results & Interim Dividend
- Dividend₹30.00 per share · 300% · Final dividend
- BoardAudited Results & Final Dividend
- MeetingPostal Ballot
- BoardQuarterly Results
- Dividend₹70.00 per share · 700% · Interim dividend
- Dividend₹25.00 per share · 250% · Final dividend
- Dividend₹50.00 per share · 500% · Interim dividend
- Dividend₹40.00 per share · 400% · Final dividend
- Dividend₹25.00 per share · 250% · Interim dividend
About JSW Dulux Ltd
Chemical Manufacturing
JSW Dulux Limited, formerly Akzo Nobel India Limited, is an India-based company. The Company is engaged in the business of manufacturing paints, coatings and allied products. Its business units include Decorative Paints, Automotive & Specialty Coatings (ASC), Powder Coatings, Industrial Coatings, Marine & Protective Coatings. The decorative paint business offers paints, lacquers, and varnishes. It also supplies a range of tinting machines, color concepts and training initiatives for the building and renovation industry. ASC provides coating solutions for various industries in India, such as automotive original equipment manufacturer coatings, consumer electronics coatings, vehicle refinishes and specialty coatings. Its powder coating brands are Interpon and Resicoat. The industrial coatings business includes coil and extrusion coatings, packaging coatings, wood finishes and adhesives. Its portfolio brands include Dulux, International, Sikkens and Interpon.
Key people
- Rajiv RajgopalChief Executive Officer, Joint Managing Director, Director
- Krishna RallapalliChief Financial Officer, Whole Time Director
- Rajiv Lochan JhaCompliance Officer, General Counsel, Company Secretary
- Rohit Ghanshyamdas TotlaWhole Time Director
Company facts
- NSE symbolJSWDULUX
- BSE code500710
- ISININE133A01011
- IndustryChemical Manufacturing
- IndexNIFTY 500
- Market cap₹14,256 Cr
- Revenue (FY26)₹3,599 Cr
- Net profit (FY26)₹1,974 Cr
Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →
Frequently Asked Questions
JSW Dulux Ltd (NSE: JSWDULUX) last traded at ₹3,128.10 on the NSE, down 0.94% (₹29.68) on the day, as of 24 Sep 2026, 9:21 AM. On the BSE it was ₹3,131.00. The day's range was ₹3,111.50 – ₹3,165.80.
JSW Dulux Ltd's 52-week high is ₹3,746.70 (2 Dec 2025) and its 52-week low is ₹2,649.05 (1 Feb 2026). At ₹3,128.10 the share is 16.5% below its high and 18.1% above its low.
JSW Dulux Ltd's market capitalisation is ₹14,256 Cr (₹14,256 Cr). It is part of the NIFTY 500 index.
JSW Dulux Ltd's P/E ratio (trailing 12 months) is 7.49. The sector average is 20.26, so investors pay 63% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹430.95.
JSW Dulux Ltd shares are down 6.83% over the last year, down 0.52% so far this year, up 8.06% over 6 months, down 2.09% over 3 months. Over the last year the stock did 2.22% better than the market.
In FY26 (year to Mar 2026), JSW Dulux Ltd reported revenue of ₹3,599 Cr (down 12.03% on the year before) and a net profit of ₹1,974 Cr. Earnings per share were ₹433.42.
Yes. JSW Dulux Ltd's latest dividend is ₹50.00 per share (500%, final dividend), with an ex-date of 3 Jul 2026. The dividend yield is 1.58%. It has paid 8 dividends in the records shown on this page.
Of 2 analysts covering JSW Dulux Ltd, 1 are bullish (0 strong buy, 1 buy), 1 say hold and 0 are bearish. The consensus is Buy (average rating 2.50 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.
As of Jun 2026: Promoter 61.20%, FII 8.49%, MF 18.66%, Other 11.65%.
JSW Dulux Ltd's listed peers in Chemical Manufacturing include Asian Paints, Solar Industries India, Pidilite Industries, SRF, Linde India. By market capitalisation it ranks #6 of 6 in this group.