Akzo Nobel India Ltd - Stock Valuation and Financial Performance

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

Akzo Nobel India Share Price

3,584.50 1.65 0.05%
as on 10-Dec'24 16:59

DeciZen - make an informed investing decision on Akzo Nobel India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Akzo Nobel India stock performance -

mw4me loader
P/E Ratio (SA):
37.52
Market Cap:
16,323.9 Cr.
52-wk low:
2,265.1
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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 21%31.3%30.4%30.1%24.9%26.4%28%22.9%30%36.6%-
Value Creation
Index
0.51.31.31.20.91.01.10.71.21.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,4182,5272,6402,5732,7192,9182,6622,4213,1493,8024,025
Sales YoY Gr.-4.5%4.5%-2.6%5.7%7.3%-8.8%-9%30%20.8%-
Adj EPS 33.339.645.952.544.946.753.44764.47495.5
YoY Gr.-18.7%16.1%14.3%-14.5%4.1%14.3%-11.9%36.9%15%-
BVPS (₹) 181.2196.7248.6215.7276248.6271.6282.6276.2288.9312.7
Adj Net
Profit
156185214245209213243214293337435
Cash Flow from Ops. 171155263143181141375283121486-
Debt/CF from Ops. 0000000000-

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%
BVPS5.3%0.9%2.1%4.6%
Share Price 9.9% 13.4% 20.2% 42.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.920.920.622.618.217.520.5172326.231.8
Op. Profit
Mgn %
8.310.311.512.811.111.814.214.413.813.916
Net Profit
Mgn %
6.47.38.19.57.77.39.18.89.38.910.8
Debt to
Equity
00000000000
Working Cap
Days
11010610411621029133739233730695
Cash Conv.
Cycle
-331-3210155151726

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 31.80%

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 3.35%

Latest Financials - Akzo Nobel India Ltd.

Standalone Consolidated
TTM EPS (₹) 95.5 95.5
TTM Sales (₹ Cr.) 4,025 4,025
BVPS (₹.) 312.7 312.8
Reserves (₹ Cr.) 1,495 1,379
P/BV 11.46 11.46
PE 37.52 37.53
From the Market
52 Week Low / High (₹) 2265.10 / 4649.00
All Time Low / High (₹) 25.00 / 4649.00
Market Cap (₹ Cr.) 16,324
Equity (₹ Cr.) 45.5
Face Value (₹) 10
Industry PE 49.7

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

Key Ratios of Akzo Nobel India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,5272,6402,5732,7192,9182,6622,4213,1493,8023,962
Operating Expenses 2,2672,3372,2602,4232,5762,2832,0812,7183,2773,330
Manufacturing Costs353277280298313336305369415464
Material Costs1,2721,4861,3891,5261,6911,4431,3231,8782,2902,223
Employee Cost 206233245276265255251263300327
Other Costs 437341347323307249202208272315
Operating Profit 260304312296342379340430525632
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 66576547433824252736
Interest 22345910151413
Depreciation 53545458657976768382
Exceptional Items 310421-50200
Profit Before Tax 275314324283316323278367456573
Tax 891009078105867177121146
Profit After Tax 186214234206211237208290335427
PAT Margin (%) 7.4%8.1%9.1%7.6%7.2%8.9%8.6%9.2%8.8%10.8%
Adjusted EPS (₹)39.945.950.144.146.352.245.663.773.793.8
Dividend Payout Ratio (%)50%153%44%50%52%27%110%118%88%80%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9201,1631,0091,2901,1361,2371,2881,2591,3161,329
Share Capital 47474747464646464646
Reserves 8731,1169621,2441,0901,1921,2421,2131,2701,284
Minority Interest0000000000
Debt0333300000
Long Term Debt0333300000
Short Term Debt0000000000
Trade Payables459589623664606677799845863998
Others Liabilities 4202892491,5051,6631,8061,9082,0282,2222,383
Total Liabilities 1,7992,0431,8843,4623,4073,7203,9944,1324,4014,710

Fixed Assets

Gross Block9595776246977528568779249651,028
Accumulated Depreciation44354105158222282334404454502
Net Fixed Assets516523519539530574543520511526
CWIP 12923271716174273119
Investments 394600336573377841000
Inventories365361405351392424488664598612
Trade Receivables278352412395444396413496552575
Cash Equivalents 6055348462553733458563523
Others Assets1731431541,4931,5861,6741,8001,9532,1042,355
Total Assets 1,7992,0431,8843,4623,4073,7203,9944,1324,4014,710

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 155263143181141375283121486486
PBT 275314342542316323278367456573
Adjustment -1299-225557166367363
Changes in Working Capital -3553-9640-1059120-1699921
Tax Paid -73-113-112-177-124-111-82-113-143-171
Cash Flow From Investing Activity 239-156225-61854-225230-15-86
Capex -49-29-75-103-42-48-28-63-104-119
Net Investments 287-1292969322145-21927564-1
Others 02446822192534
Cash Flow From Financing Activity -410-113-392-126-360-157-174-346-302-439
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
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 -16-6-2450-34222-1166169-40
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)21.1220.621.5917.9217.4220.0416.4722.8126.0732.3
ROCE (%)31.3430.3930.0724.9126.3628.0322.8829.9936.5644.32
Asset Turnover Ratio1.461.531.461.040.850.750.630.770.890.87
PAT to CFO Conversion(x)0.831.230.610.880.671.581.360.421.451.14
Working Capital Days
Receivable Days38394953525861535052
Inventory Days45454949465669676156
Payable Days131122153147129152193152131147

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 10-Dec-2024 16:59 is ₹3,584.5.
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 10-Dec-2024 16:59 the market cap of Akzo Nobel India stood at ₹16,323.9.
The latest P/E ratio of Akzo Nobel India as of 10-Dec-2024 16:59 is 37.52.
The latest P/B ratio of Akzo Nobel India as of 10-Dec-2024 16:59 is 11.46.
The 52-week high of Akzo Nobel India is ₹4,649 and the 52-week low is ₹2,265.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Akzo Nobel India is ₹4,025 ( 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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