Check Before You Invest : JSW Dulux Ltd

Q: Which industry/sub-sector does JSW Dulux Ltd belong to?

JSW Dulux Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Paints segment.

Q: Is JSW Dulux Ltd a good quality company?

JSW Dulux Ltd is a good quality company, based on a consistently good multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is JSW Dulux Ltd undervalued or overvalued?

JSW Dulux Ltd appears Fair, as its key valuation ratios are in line with their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 6.92, Historic Median: 32.90. Price to Book, Current: 5.54, Historic Median: 8.05. Price to Sales, Current: 3.68, Historic Median: 3.25. EV to EBITDA, Current: 24.05, Historic Median: 19.86

Q: Is JSW Dulux Ltd a good buy now?

JSW Dulux Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of JSW Dulux Ltd?

JSW Dulux Ltd revenue growth is 3.3% for FY-2025, which is below its 5-year CAGR of 8.98%, indicating slower growth.

Q: Gross Profit margin of JSW Dulux Ltd?

JSW Dulux Ltd Gross profit margin which is the profit after deduction of direct costs, is 16.1% for FY-2025, which is above its 5-year median of 14.6%, indicating increasing margins.

Q: Operating Profit Margin of JSW Dulux Ltd?

JSW Dulux Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 15.69% for FY-2025, which is above its 5-year median of 14.43% indicating increasing margins.

Q: Net Profit Margin of JSW Dulux Ltd?

JSW Dulux Ltd Net Profit Margin is 10.48% for FY-2025, is above its 5-year median of 9.21%, indicating increasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 16.1, Historic Median: 14.6. Operating Profit Margin (%), Current: 15.69, Historic Median: 14.43. Net Profit Margin (%), Current: 10.48, Historic Median: 9.21

Q: Return on Asset of JSW Dulux Ltd?

JSW Dulux Ltd Return on Asset is 9.47%, which is above its 5-year historical median of 7.85%, indicating improved asset utilization efficiency.

Q: Return on capital employed (ROCE) of JSW Dulux Ltd?

JSW Dulux Ltd Return on capital employed is 43.65% for FY-2025, which is above its 5-year historical median of 36.56%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Check Before You Invest : JSW Dulux Ltd

Snapshot

Q.1 Which industry/sub-sector does JSW Dulux Ltd belong to?

JSW Dulux Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Paints segment.

Q.2 Is JSW Dulux Ltd a good quality company?

JSW Dulux Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is JSW Dulux Ltd undervalued or overvalued?

JSW Dulux Ltd appears Fair, as its key valuation ratios are in line with their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	6.92	32.90
Price to Book	5.54	8.05
Price to Sales	3.68	3.25
EV to EBITDA	24.05	19.86

Q.4 Is JSW Dulux Ltd a good buy now?

JSW Dulux Ltd is a neutral opportunity now, based on stable price trend analysis suggesting prices may move sideways. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of JSW Dulux Ltd?

JSW Dulux Ltd revenue growth is 3.3% for FY-2025, which is below its 5-year CAGR of 8.98%, indicating slower growth.

Q.2 Gross Profit margin of JSW Dulux Ltd?

JSW Dulux Ltd Gross profit margin which is the profit after deduction of direct costs, is 16.1% for FY-2025, which is above its 5-year median of 14.6%, indicating increasing margins.

Q.3 Operating Profit Margin of JSW Dulux Ltd?

JSW Dulux Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 15.69% for FY-2025, which is above its 5-year median of 14.43% indicating increasing margins.

Q.4 Net Profit Margin of JSW Dulux Ltd?

JSW Dulux Ltd Net Profit Margin is 10.48% for FY-2025, is above its 5-year median of 9.21%, indicating increasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	16.1	14.6
Operating Profit Margin (%)	15.69	14.43
Net Profit Margin (%)	10.48	9.21

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of JSW Dulux Ltd?

JSW Dulux Ltd Return on Asset is 9.47%, which is above its 5-year historical median of 7.85%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of JSW Dulux Ltd?

JSW Dulux Ltd Return on capital employed is 43.65% for FY-2025, which is above its 5-year historical median of 36.56%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Q.7 Return on Equity (ROE) of JSW Dulux Ltd?

JSW Dulux Ltd Return on equity is 32.28% for FY-2025, which is above its 5-year historical median of 26.07%, indicating the business is making better use of its shareholders capital.

Q.8 Cash conversion cycle of JSW Dulux Ltd?

JSW Dulux Ltd Cash conversion cycle is 4 days, below its 5-year historical median of 6 days, indicating improved working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.9	0.87
ROE (%)	32.28	26.07
ROCE (%)	43.65	36.56
Cash Conversion Cycle	4 days	6 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of JSW Dulux Ltd?

JSW Dulux Ltd Debt-to-Equity ratio is 0.00, which is lower the industry average of 0.06, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of JSW Dulux Ltd?

JSW Dulux Ltd Debt to cash flow from operations is 0, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of JSW Dulux Ltd?

Q.1 Promoter shareholding and pledge status of JSW Dulux Ltd?

Promoters hold 61.20% of the JSW Dulux Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does JSW Dulux Ltd performance compare with that of its Peers?

Q.1 Revenue growth of JSW Dulux Ltd vs industry peers?

JSW Dulux Ltd revenue CAGR is 8.98%, compared to the industry median CAGR of 11.74%, indicating slower growth and losing its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	3.3	11.7
Gross Profit Growth (%)	0.6	16.6
Operating Profit Growth (%)	1.4	15.8
Net Profit Growth (%)	0.5	19.2

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.9	0.89
ROE (%)	32.28	13.49
ROCE (%)	43.65	18.35
Cash Conversion Cycle (days)	3.99	53

Valuation & price assessment

Q.1 Stock return of JSW Dulux Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 7.4% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	7.4%	5.2%	6.1%	-19.5%

Q.2 Valuation ratios of JSW Dulux Ltd vs historical?

The current P/E ratio of 6.92 is lower than its historical median of 32.90, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	6.92	32.90	50.53
Price to Book	5.54	8.05	8.05
Price to Sales	3.68	3.25	5.71
EV to EBITDA	24.05	19.86	32.09

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Check Before You Invest : JSW Dulux Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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