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Akzo Nobel India Ltd - Stock Valuation and Financial Performance

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

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Akzo Nobel India Share Price

 ₹3,643.35 43.40 1.21%
as on 11-Jul'25 16:59

Akzo Nobel India Ltd - Stock Valuation and Financial Performance

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

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Akzo Nobel India Share Price

 ₹3,643.35 43.40 1.21%
as on 11-Jul'25 16:59

DeciZen - make an informed investing decision on Akzo Nobel India

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Strong
Check Price chart

Akzo Nobel India stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
38.71
Market Cap:
16,591.9 Cr.
52-wk low:
2,775
52-wk high:
4,649

Is Akzo Nobel India Ltd an attractive stock to invest in?

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 Overvalued zone.

3. Is Akzo Nobel India Ltd 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

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

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ30.4%30.1%24.9%26.4%28%22.9%30%36.6%44.3%43.7%-
Value Creation
Index ⓘ		1.31.20.91.01.10.71.21.72.32.2-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ2,6402,5732,7192,9182,6622,4213,1493,8023,9624,0914,091
Sales YoY Gr.--2.6%5.7%7.3%-8.8%-9%30%20.8%4.2%3.3%-
Adj EPS ⓘ45.952.544.946.753.44764.47493.994.194.1
YoY Gr.-14.3%-14.5%4.1%14.3%-11.9%36.9%15%26.9%0.1%-
BVPS (₹) ⓘ248.6215.7276248.6271.6282.6276.2288.9291.9291.8291.5
Adj Net
Profit ⓘ		214245209213243214293337428428429
Cash Flow from Ops. ⓘ263143181141375283121486486311-
Debt/CF from Ops. ⓘ0000000000-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ5%9%9.1%3.3%
Adj EPS ⓘ8.3%12%13.5%0.1%
BVPSⓘ1.8%1.4%1.8%-0%
Share Price 10.8% 14.5% 23.6% 26%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		20.622.618.217.520.5172326.232.432.232.3
Op. Profit
Mgn % ⓘ		11.512.811.111.814.214.413.813.91615.715.7
Net Profit
Mgn % ⓘ		8.19.57.77.39.18.89.38.910.810.510.5
Debt to
Equity ⓘ		00000000000
Working Cap
Days ⓘ		10411621029133739233730631329987
Cash Conv.
Cycle ⓘ		1-321015515176419

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 32.30%

Net Profit is growing at healthy rate in last 3 years 13.48%

Sales growth has been subdued in last 3 years 9.12%

Sales growth is not so good in last 4 quarters at 3.29%

Latest Financials - Akzo Nobel India Ltd.

Standalone Consolidated
TTM EPS (₹) 94.1 94.3
TTM Sales (₹ Cr.) 4,091 4,091
BVPS (₹.) ⓘ 291.5 291.8
Reserves (₹ Cr.) ⓘ 1,282 1,284
P/BV ⓘ 12.50 12.48
PE ⓘ 38.71 38.63
From the Market
52 Week Low / High (₹) 2775.00 / 4649.00
All Time Low / High (₹) 25.00 / 4649.00
Market Cap (₹ Cr.) 16,592
Equity (₹ Cr.) 45.5
Face Value (₹) 10
Industry PE ⓘ 54.8

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 (%)

Valuation of Akzo Nobel India

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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
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,6402,5732,7192,9182,6622,4213,1493,8023,9624,091
Operating Expenses ⓘ 2,3372,2602,4232,5762,2832,0812,7183,2773,3303,450
Manufacturing Costs277280298313336305369415464463
Material Costs1,4861,3891,5261,6911,4431,3231,8782,2902,2232,318
Employee Cost 233245276265255251263300327336
Other Costs ⓘ 341347323307249202208272315333
Operating Profit ⓘ 304312296342379340430525632641
Operating Profit Margin (%) 11.5%12.1%10.9%11.7%14.2%14.0%13.7%13.8%16.0%15.7%
Other Income ⓘ 57654743382425273628
Interest ⓘ 234591015141310
Depreciation ⓘ 54545865797676838289
Exceptional Items ⓘ 10421-502000
Profit Before Tax ⓘ 314324283316323278367456573570
Tax ⓘ 1009078105867177121146141
Profit After Tax 214234206211237208290335427429
PAT Margin (%) 8.1%9.1%7.6%7.2%8.9%8.6%9.2%8.8%10.8%10.5%
Adjusted EPS (₹)45.950.144.146.352.245.663.773.793.894.2
Dividend Payout Ratio (%)153%44%50%52%27%110%118%88%80%106%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 1,1631,0091,2901,1361,2371,2881,2591,3161,3291,329
Share Capital ⓘ 47474746464646464646
Reserves ⓘ 1,1169621,2441,0901,1921,2421,2131,2701,2841,283
Minority Interest0000000000
Debt3333000000
Long Term Debt3333000000
Short Term Debt0000000000
Trade Payables589623664606677799845863998957
Others Liabilities ⓘ 2892491,5051,6631,8061,9082,0282,2222,3832,060
Total Liabilities ⓘ 2,0431,8843,4623,4073,7203,9944,1324,4014,7104,345

Fixed Assets

Gross Block5776246977528568779249651,028890
Accumulated Depreciation54105158222282334404454502409
Net Fixed Assetsⓘ 523519539530574543520511526481
CWIP ⓘ 92327171617427311967
Investmentsⓘ 6003365733778410000
Inventories361405351392424488664598612605
Trade Receivables352412395444396413496552575585
Cash Equivalents 55348462553733458563523300
Others Assetsⓘ 1431541,4931,5861,6741,8001,9532,1042,3552,308
Total Assets ⓘ 2,0431,8843,4623,4073,7203,9944,1324,4014,7104,345

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ 263143181141375283121486486311
PBT ⓘ 314342542316323278367456573570
Adjustment ⓘ 99-22555716636736376
Changes in Working Capital ⓘ 53-9640-1059120-1699921-170
Tax Paid ⓘ -113-112-177-124-111-82-113-143-171-165
Cash Flow From Investing Activity ⓘ -156225-61854-225230-15-86123
Capex -29-75-103-42-48-28-63-104-119-107
Net Investments -1292969322145-21927564-1199
Others ⓘ 244682219253430
Cash Flow From Financing Activityⓘ -113-392-126-360-157-174-346-302-439-460
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -1-2-2-2-9-8-12-12-12-9
Dividend Paid ⓘ -93-324-103-100-110-155-319-273-410-433
Others ⓘ -19-67-21-258-39-11-15-17-18-18
Net Cash Flow ⓘ -6-2450-34222-1166169-40-26

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.621.5917.9217.4220.0416.4722.8126.0732.332.28
ROCE (%)30.3930.0724.9126.3628.0322.8829.9936.5644.3243.65
Asset Turnover Ratio1.531.461.040.850.750.630.770.890.870.9
PAT to CFO Conversion(x)1.230.610.880.671.581.360.421.451.140.72
Working Capital Days
Receivable Days39495352586153505252
Inventory Days45494946566967615654
Payable Days122153147129152193152131147149

Akzo Nobel India Ltd Stock News

Akzo Nobel India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Akzo Nobel India on 11-Jul-2025 16:59 is ₹3,643.4.
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 11-Jul-2025 16:59 the market cap of Akzo Nobel India stood at ₹16,591.9.
The latest P/E ratio of Akzo Nobel India as of 11-Jul-2025 16:59 is 38.71.
The latest P/B ratio of Akzo Nobel India as of 11-Jul-2025 16:59 is 12.50.
The 52-week high of Akzo Nobel India is ₹4,649 and the 52-week low is ₹2,775.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Akzo Nobel India is ₹4,091 ( 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.
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