Akzo Nobel India Ltd Stock Analysis

BSE: 500710 | NSE: AKZOINDIA | Paints | Mid Cap

BSE Share Price Aug 08, 18:01
1923.40 19.65 (1.03%)

DeciZen - Make an Informed Decision on Akzo Nobel India

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Akzo Nobel India Price Chart

P/E Ratio (SA) :
29.79
Market Cap :
8,669.7 Cr.
52-wk low :
1,685
52-wk high :
2,319
Bole Toh?

1. Is Akzo Nobel India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Akzo Nobel India Ltd is a good quality company.

2. Is Akzo Nobel India Ltd undervalued or overvalued?

The key valuation ratios of Akzo Nobel India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Akzo Nobel India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Akzo Nobel India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Akzo Nobel India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Akzo Nobel India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 17.8%16%21%20.7%23.9%35.3%17.8%21%17.5%23.8%-
Value Creation Index 0.30.20.60.50.81.60.30.60.3NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,2322,4182,5272,6402,8372,9682,9182,6622,4213,1493,460
YoY Gr. Rt. %-8.3%4.5%4.5%7.5%4.6%-1.7%-8.8%-9%30%-
Adj EPS 47.233.339.645.955.286.646.753.44764.463.9
YoY Gr. Rt. %--29.3%18.7%16.1%20.3%56.9%-46.1%14.3%-11.9%36.9%-
BVPS (₹) 236.3181.2196.7248.6215.7276248.6271.6282.6276.2292.9
Adj Net Profit 220156185214258404213243214293291
Cash Flow from Ops. 208171155263143181141375283121-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.9%2.1%2.6%30%
Adj EPS 3.5%3.1%11.3%36.9%
BVPS 1.85.13.6-2.3
Share Price 8% 1.3% 3.1% -13.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 17.315.920.920.623.735.217.520.5172322.5
Op. Profit Mgn % 8.58.310.311.512.310.711.814.214.413.813.4
Net Profit Mgn % 9.96.47.38.19.113.67.39.18.89.38.4
Debt to Equity 0000000000-
Working Cap Days 1161101061041061932913373923370
Cash Conv. Cycle -2-331-11-610155150

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.50%

Net Profit is growing at healthy rate in last 3 years 11.28%

Sales growth is good in last 4 quarters at 25.19%

Sales growth has been subdued in last 3 years 2.56%

Latest Financials - Akzo Nobel India Ltd.

Standalone Consolidated
TTM EPS (₹) 63.9 63.9
TTM Sales (₹ Cr.) 3,460 3,460
BVPS (₹.) 292.9 293
Reserves (₹ Cr.) 1,289 1,290
P/BV 6.50 6.53
PE 29.79 29.94
From the Market
52 Week Low / High (₹) 1685.00 / 2319.00
All Time Low / High (₹) 25.00 / 2515.00
Market Cap (₹ Cr.) 8,670
Equity (₹ Cr.) 45.5
Face Value (₹) 10
Industry PE 84.8

Management X-Ray of Akzo Nobel India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Akzo Nobel India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Akzo Nobel India Ltd

Akzo Nobel India Limited (‘the Company’) was incorporated in India on 12 March 1954 as Indian Explosives Limited. It is currently known as Akzo Nobel India Limited with effect from 15 February 2010 under Section 23(1) of the Companies Act, 1956.

Akzo Nobel is the world's largest coatings company, with leading market positions and brands in countries around the world. The company creates everyday essentials to make people’s lives more liveable and inspiring, present in India for over many decades. As a leading paints and coatings company, it supplies essential protection and essential colour to industries and consumers. Backed by a pioneering heritage, its innovative products and sustainable technologies are designed to meet the growing demands of its fast-changing planet, while making life easier. Ranked as a leader in sustainability, it is dedicated to energising cities and communities while creating a protected, colourful world where life is improved by what it does.

Company’s history

In the year 1911, the ICI Group commenced its operations in India. Brunner Mond & Co, one of the four companies that combined in 1926 to form ICI in the UK, opened a trading office in Calcutta (now Kolkata) to sell alkalis and dyes. In 1923, it became Brunner Mond & Co (India) and, in 1929, the name was changed to Imperial Chemical Industries (India) Ltd. This was followed by a period of sustained expansion, diversification and growth leading to 1954, with the formation of Indian Explosives Ltd, promoted jointly by ICI PLC and the Government of India. Its name was changed to IEL Limited in 1985 and to ICI India Limited in 1989. The Government of India’s holding became nil in 2003.

Along with the other group companies of ICI PLC in India, it sponsored the establishment of the ICI India Research and Technology Centre in Thane in 1976. Over the years, it saw more consolidation, restructuring and divestment. The highlights of this period include the merger of three other group companies of ICI plc in India - The Alkali and Chemical Corporation of India Ltd, Chemicals and Fibres India Limited and Crescent Dyes and Chemicals Limited - in 1984. Nalco Chemicals India Ltd was formed in 1987. A paints plant as well as a polyurethanes systems house were commissioned at Thane in 1997; another paints plant was commissioned at Mohali near Chandigarh; the Uniqema Innovation Centre opened at Thane in the following year.

Business area of the company

The Company is engaged in the business of manufacturing, trading and selling of paints and related products. The Company also provides research and development services to the holding company and its group companies.

Product and services

  • Decorative Paints 
  • Waterproofing Solutions 
  • Woodcare & Specialty Products 
  • Automotive & Specialty Coatings
  • Marine & Protective Coatings 
  • Powder Coatings 
  • Industrial Coatings

Awards and Recognitions

FY2016-17

  • The company has received the Globe Platinum Awards for ‘Pioneering Coatings Technology’,
  • The company’s Chairman Nihal Kaviratne CBE was awarded for ‘Business Excellence’ at the World Business Conclave in Hong Kong.

FY2017-18

  • The company has received ICSI (Institute of Company Secretaries of India) CSR Excellence Award 2017 in ‘Emerging Companies’ category.

FY2018-19

  • The company won three awards at the prestigious Asia Best CSR Award 2018 organized by CMO Asia for Best CSR Practice, Education and Skill Development.

FY2019-20

  • The Golden Globe Tiger Award 2019 in Kuala Lumpur for undertaking CSR project in Vocational Skill Training in Painting.
  • Honored with Excellence in Supply Chain Planning in an event organised by The Alden Global, the 7th Inflection Conference & Awards in India.
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