Is Akzo Nobel India 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 .

Is Akzo Nobel India 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 Overvalued zone .

What is Akzo Nobel India share price return in the past 10 years?

Akzo Nobel India Ltd share price has appreciated 12.9% annually (CAGR) over the past ten years.

Is Akzo Nobel India a good buy now?

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

Akzo Nobel India Ltd - Stock Valuation and Financial Performance

Name: Akzo Nobel India
Brand: Akzo Nobel India

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

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Akzo Nobel India Share Price

₹4,393.45 591.10 15.55%
as on 31-Oct'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	21%	31.3%	30.4%	30.1%	24.9%	26.4%	28%	22.9%	30%	36.6%	-
Value Creation Index ⓘ	0.5	1.3	1.3	1.2	0.9	1.0	1.1	0.7	1.2	1.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,418	2,527	2,640	2,573	2,719	2,918	2,662	2,421	3,149	3,802	3,999
Sales YoY Gr.	-	4.5%	4.5%	-2.6%	5.7%	7.3%	-8.8%	-9%	30%	20.8%	-
Adj EPS ⓘ	33.3	39.6	45.9	52.5	44.9	46.7	53.4	47	64.4	74	94.7
YoY Gr.	-	18.7%	16.1%	14.3%	-14.5%	4.1%	14.3%	-11.9%	36.9%	15%	-
BVPS (₹) ⓘ	181.2	196.7	248.6	215.7	276	248.6	271.6	282.6	276.2	288.9	316.8
Adj Net Profit ⓘ	156	185	214	245	209	213	243	214	293	337	431
Cash Flow from Ops. ⓘ	171	155	263	143	181	141	375	283	121	486	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.2%	6.9%	12.6%	20.8%
Adj EPS ⓘ	9.3%	10.5%	11.5%	15%
BVPSⓘ	5.3%	0.9%	2.1%	4.6%
Share Price	12.9%	16.1%	28.3%	84.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	15.9	20.9	20.6	22.6	18.2	17.5	20.5	17	23	26.2	31.3
Op. Profit Mgn % ⓘ	8.3	10.3	11.5	12.8	11.1	11.8	14.2	14.4	13.8	13.9	16
Net Profit Mgn % ⓘ	6.4	7.3	8.1	9.5	7.7	7.3	9.1	8.8	9.3	8.9	10.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	110	106	104	116	210	291	337	392	337	306	90
Cash Conv. Cycle ⓘ	-3	3	1	-3	2	10	15	5	15	17	25

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 31.30%

Sales growth is growing at healthy rate in last 3 years 12.62%

Net Profit is growing at healthy rate in last 3 years 11.52%

Sales growth is not so good in last 4 quarters at 3.48%

Latest Financials - Akzo Nobel India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	94.7	94.7
TTM Sales (₹ Cr.)	3,999	3,999
BVPS (₹.) ⓘ	316.8	316.9
Reserves (₹ Cr.) ⓘ	1,397	1,398
P/BV ⓘ	13.87	13.86
PE ⓘ	46.38	46.39

From the Market
52 Week Low / High (₹)	2265.10 / 4649.00
All Time Low / High (₹)	25.00 / 4649.00
Market Cap (₹ Cr.)	20,008
Equity (₹ Cr.)	45.5
Face Value (₹)	10
Industry PE ⓘ	54.5

Management X-Ray of Akzo Nobel India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Akzo Nobel India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Akzo Nobel India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,527	2,640	2,573	2,719	2,918	2,662	2,421	3,149	3,802	3,962
Operating Expenses ⓘ	2,267	2,337	2,260	2,423	2,576	2,283	2,081	2,718	3,277	3,330
Manufacturing Costs	353	277	280	298	313	336	305	369	415	464
Material Costs	1,272	1,486	1,389	1,526	1,691	1,443	1,323	1,878	2,290	2,223
Employee Cost	206	233	245	276	265	255	251	263	300	327
Other Costs ⓘ	437	341	347	323	307	249	202	208	272	315
Operating Profit ⓘ	260	304	312	296	342	379	340	430	525	632
Operating Profit Margin (%)	10.3%	11.5%	12.1%	10.9%	11.7%	14.2%	14.0%	13.7%	13.8%	16.0%
Other Income ⓘ	66	57	65	47	43	38	24	25	27	36
Interest ⓘ	2	2	3	4	5	9	10	15	14	13
Depreciation ⓘ	53	54	54	58	65	79	76	76	83	82
Exceptional Items ⓘ	3	10	4	2	1	-5	0	2	0	0
Profit Before Tax ⓘ	275	314	324	283	316	323	278	367	456	573
Tax ⓘ	89	100	90	78	105	86	71	77	121	146
Profit After Tax	186	214	234	206	211	237	208	290	335	427
PAT Margin (%)	7.4%	8.1%	9.1%	7.6%	7.2%	8.9%	8.6%	9.2%	8.8%	10.8%
Adjusted EPS (₹)	39.9	45.9	50.1	44.1	46.3	52.2	45.6	63.7	73.7	93.8
Dividend Payout Ratio (%)	50%	153%	44%	50%	52%	27%	110%	118%	88%	80%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	920	1,163	1,009	1,290	1,136	1,237	1,288	1,259	1,316	1,329
Share Capital ⓘ	47	47	47	47	46	46	46	46	46	46
Reserves ⓘ	873	1,116	962	1,244	1,090	1,192	1,242	1,213	1,270	1,284
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	3	3	3	3	0	0	0	0	0
Long Term Debt	0	3	3	3	3	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	459	589	623	664	606	677	799	845	863	998
Others Liabilities ⓘ	420	289	249	1,505	1,663	1,806	1,908	2,028	2,222	2,383
Total Liabilities ⓘ	1,799	2,043	1,884	3,462	3,407	3,720	3,994	4,132	4,401	4,710
Fixed Assets
Gross Block	959	577	624	697	752	856	877	924	965	1,028
Accumulated Depreciation	443	54	105	158	222	282	334	404	454	502
Net Fixed Assetsⓘ	516	523	519	539	530	574	543	520	511	526
CWIP ⓘ	12	9	23	27	17	16	17	42	73	119
Investmentsⓘ	394	600	336	573	377	84	1	0	0	0
Inventories	365	361	405	351	392	424	488	664	598	612
Trade Receivables	278	352	412	395	444	396	413	496	552	575
Cash Equivalents	60	55	34	84	62	553	733	458	563	523
Others Assetsⓘ	173	143	154	1,493	1,586	1,674	1,800	1,953	2,104	2,355
Total Assets ⓘ	1,799	2,043	1,884	3,462	3,407	3,720	3,994	4,132	4,401	4,710

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	155	263	143	181	141	375	283	121	486	486
PBT ⓘ	275	314	342	542	316	323	278	367	456	573
Adjustment ⓘ	-12	9	9	-225	55	71	66	36	73	63
Changes in Working Capital ⓘ	-35	53	-96	40	-105	91	20	-169	99	21
Tax Paid ⓘ	-73	-113	-112	-177	-124	-111	-82	-113	-143	-171
Cash Flow From Investing Activity ⓘ	239	-156	225	-6	185	4	-225	230	-15	-86
Capex	-49	-29	-75	-103	-42	-48	-28	-63	-104	-119
Net Investments	287	-129	296	93	221	45	-219	275	64	-1
Others ⓘ	0	2	4	4	6	8	22	19	25	34
Cash Flow From Financing Activityⓘ	-410	-113	-392	-126	-360	-157	-174	-346	-302	-439
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-2	-1	-2	-2	-2	-9	-8	-12	-12	-12
Dividend Paid ⓘ	-350	-93	-324	-103	-100	-110	-155	-319	-273	-410
Others ⓘ	-58	-19	-67	-21	-258	-39	-11	-15	-17	-18
Net Cash Flow ⓘ	-16	-6	-24	50	-34	222	-116	6	169	-40

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21.12	20.6	21.59	17.92	17.42	20.04	16.47	22.81	26.07	32.3
ROCE (%)	31.34	30.39	30.07	24.91	26.36	28.03	22.88	29.99	36.56	44.32
Asset Turnover Ratio	1.46	1.53	1.46	1.04	0.85	0.75	0.63	0.77	0.89	0.87
PAT to CFO Conversion(x)	0.83	1.23	0.61	0.88	0.67	1.58	1.36	0.42	1.45	1.14
Working Capital Days
Receivable Days	38	39	49	53	52	58	61	53	50	52
Inventory Days	45	45	49	49	46	56	69	67	61	56
Payable Days	131	122	153	147	129	152	193	152	131	147

Akzo Nobel India Ltd Stock News

Akzo Nobel India Ltd FAQs

What is the share price of Akzo Nobel India?

Company share prices are keep on changing according to the market conditions. The closing price of Akzo Nobel India on 31-Oct-2024 16:01 is ₹4,393.5.

What is the market cap of Akzo Nobel India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Oct-2024 16:01 the market cap of Akzo Nobel India stood at ₹20,007.9.

What is the P/E ratio of Akzo Nobel India?

The latest P/E ratio of Akzo Nobel India as of 31-Oct-2024 16:01 is 46.38.

What is the P/B ratio of Akzo Nobel India?

The latest P/B ratio of Akzo Nobel India as of 31-Oct-2024 16:01 is 13.87.

What is the 52-week high and low of Akzo Nobel India?

The 52-week high of Akzo Nobel India is ₹4,649 and the 52-week low is ₹2,265.1.

What is the TTM revenue of Akzo Nobel India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Akzo Nobel India is ₹3,999 ( Cr.) .

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.