What is JSW Dulux Ltd (JSWDULUX) share price return in the past 10 years?

JSW Dulux Ltd share price has appreciated 7.9% annually (CAGR) over the past ten years.

What is the share price of JSW Dulux Ltd (JSWDULUX)?

Company share prices are keep on changing according to the market conditions. The current trading price of JSW Dulux Ltd (JSWDULUX) on 24-Jun-2026 16:59:59 at 16:59 is 3226.15.

What is the P/E ratio of JSW Dulux?

The latest standalone P/E ratio of JSW Dulux as of 24-Jun-2026 is 7.66.

What is the P/B ratio of JSW Dulux Ltd (JSWDULUX)?

The latest standalone P/B ratio of JSW Dulux Ltd (JSWDULUX) as of 24-Jun-2026 is 6.14.

What is the 52-week high and low of JSW Dulux Ltd (JSWDULUX)?

The 52-week high of JSW Dulux Ltd (JSWDULUX) is Rs. 3909.25 and the 52-week low is Rs. 2649.05.

JSW Dulux Ltd (JSWDULUX) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: JSW Dulux Ltd (JSWDULUX)
Brand: JSW Dulux

Key Metrics

Valuation Multiples

Market Cap

₹14,692 Cr.

Current Price

₹3,226.2

52-Week Low / High

₹2,649 / 3,909

TTM EPS

₹421.1

TTM Sales

₹3,599 Cr.

Book Value per Share

₹525.5

P/E Ratio

7.66

Lower than its 5-year historical median

Industry PE

44.2

Price to Book (P/B)

6.14

Lower than its 5-year historical median

Price to Sales (P/S)

4.08

Higher than its 5-year historical median

EV/EBITDA

26.69

Higher than its 5-year historical median

Dividend Yield

6.39%

Profitability Efficiency

Return on Equity (ROE)

103.09%

Outperforms industry median

Return on Capital Employed (ROCE)

124.27%

Outperforms industry median

Return on Assets (ROA)

38.86%

Operating Profit Margin

14.2%

Net Profit Margin

53.28%

Gross Profit Margin

14.7%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-11.55%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

-20.85%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

347.43%

Asset Quality

Promoter Holding

61.20%

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

0.00%

Reserves

₹2,348 Cr.

Equity

₹45.5 Cr.

Face Value

₹10

All Time Low / High

₹25.00 / 4649.00

JSW Dulux stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 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.

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.

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.

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.

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.

10 Year X-Ray : Login to view analysis.

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

Value Creation ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
ROCE % ⓘ	30.1%	24.9%	26.4%	28%	22.9%	30%	36.6%	44.3%	43.7%	124.3%	-
Value Creation Index ⓘ	1.2	0.9	1.0	1.1	0.7	1.2	1.7	2.3	2.2	8.2	-
Growth Parameters ⓘ
Sales ⓘ	2,573	2,719	2,918	2,662	2,421	3,149	3,802	3,962	4,069	3,599	3,599
Sales YoY Gr.	-	5.7%	7.3%	-8.8%	-9%	30%	20.8%	4.2%	2.7%	-11.6%	-
Adj EPS ⓘ	52.5	44.9	46.7	53.4	47	64.4	74	93.9	94.2	135.3	421.1
YoY Gr.	-	-14.5%	4.1%	14.3%	-11.9%	36.9%	15%	26.9%	0.3%	43.6%	-
BVPS (₹) ⓘ	215.7	276	248.6	271.6	282.6	276.2	288.9	291.9	291.8	525.9	525.5
Adj Net Profit ⓘ	245	209	213	243	214	293	337	428	429	616	1,918
Cash Flow from Ops. ⓘ	143	181	141	375	283	121	486	486	312	83.5	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	3.8%	8.3%	-1.8%	-11.6%
Adj EPS ⓘ	11.1%	23.5%	22.3%	43.6%
BVPSⓘ	10.4%	13.2%	22.1%	80.3%
Share Price	7.9%	6.9%	9.6%	-0.4%

Key Financial Parameters ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
Return on Equity % ⓘ	22.6	18.2	17.5	20.5	17	23	26.2	32.4	32.3	33.1	80.1
Op. Profit Mgn % ⓘ	12.8	11.1	11.8	14.2	14.4	13.8	13.9	16	15.8	14.2	14
Net Profit Mgn % ⓘ	9.5	7.7	7.3	9.1	8.8	9.3	8.9	10.8	10.5	17.1	53.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	116	210	291	337	392	337	306	313	301	343	92
Cash Conv. Cycle ⓘ	-3	2	10	15	5	15	17	6	4	15	29

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	2,573	2,719	2,918	2,662	2,421	3,149	3,802	3,962	4,069	3,599
Operating Expenses ⓘ +	2,260	2,423	2,576	2,283	2,081	2,718	3,277	3,330	3,428	3,092
Manufacturing Costs	280	298	313	336	305	369	415	464	463	374
Material Costs	1,389	1,526	1,691	1,443	1,323	1,878	2,290	2,223	2,318	2,109
Employee Cost	245	276	265	255	251	263	300	327	336	312
Other Costs ⓘ	347	323	307	249	202	208	272	315	311	297
Operating Profit ⓘ	312	296	342	379	340	430	525	632	641	508
Operating Profit Margin (%)	12.1%	10.9%	11.7%	14.2%	14.0%	13.7%	13.8%	16.0%	15.8%	14.1%
Other Income ⓘ +	65	47	43	38	24	25	27	36	28	33
Exceptional Items ⓘ	4	2	1	-5	0	2	0	0	0	1,846
Interest ⓘ	3	4	5	9	10	15	14	13	10	12
Depreciation ⓘ	54	58	65	79	76	76	83	82	89	75
Profit Before Tax ⓘ	324	283	316	323	278	367	456	573	570	2,300
Tax ⓘ	90	78	105	86	71	77	121	146	141	382
Profit After Tax	234	206	211	237	208	290	335	427	429	1,918
PAT Margin (%)	9.1%	7.6%	7.2%	8.9%	8.6%	9.2%	8.8%	10.8%	10.5%	53.3%
Adjusted EPS (₹)	50.1	44.1	46.3	52.2	45.6	63.7	73.7	93.8	94.2	421.5
Dividend Payout Ratio (%)	43.90%	50%	51.90%	26.80%	109.60%	117.70%	88.30%	80%	106.20%	48.90%

Valuation of JSW Dulux - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	1,009	1,290	1,136	1,237	1,288	1,259	1,316	1,329	1,329	2,394
Share Capital ⓘ	47	47	46	46	46	46	46	46	46	46
Reserves ⓘ	962	1,244	1,090	1,192	1,242	1,213	1,270	1,284	1,283	2,349
Debt +	3	3	3	0	0	0	0	0	0	0
Long Term Debt	3	3	3	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	623	664	606	677	799	845	863	998	957	754
Others Liabilities ⓘ	249	1,505	1,663	1,806	1,908	2,028	2,222	2,383	2,060	2,377
Total Liabilities ⓘ	1,884	3,462	3,407	3,720	3,994	4,132	4,401	4,710	4,345	5,525
Fixed Assets
Net Fixed Assets ⓘ +	519	539	530	574	543	520	511	526	481	1,621
Gross Block	624	697	752	856	877	924	965	1,028	890	2,045
Accumulated Depreciation	105	158	222	282	334	404	454	502	409	424
CWIP ⓘ	23	27	17	16	17	42	73	119	67	49
Investments ⓘ	336	573	377	84	1	0	0	0	0	0
Inventories	405	351	392	424	488	664	598	612	605	571
Trade Receivables	412	395	444	396	413	496	552	575	585	603
Cash Equivalents ⓘ	34	84	62	553	733	458	563	523	300	257
Others Assets ⓘ	154	1,493	1,586	1,674	1,800	1,953	2,104	2,355	2,308	2,424
Total Assets ⓘ	1,884	3,462	3,407	3,720	3,994	4,132	4,401	4,710	4,345	5,525

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	143	181	141	375	283	121	486	486	312	84
PBT ⓘ	342	542	316	323	278	367	456	573	570	2,300
Adjustment ⓘ	9	-225	55	71	66	36	73	63	77	-1,769
Changes in Working Capital ⓘ	-96	40	-105	91	20	-169	99	21	-170	-372
Tax Paid ⓘ	-112	-177	-124	-111	-82	-113	-143	-171	-165	-75
Cash Flow From Investing Activity ⓘ +	225	-6	185	4	-225	230	-15	-86	122	748
Capex	-75	-103	-42	-48	-28	-63	-104	-119	-107	-1,180
Net Investments	296	93	221	45	-219	275	64	-1	198	2,189
Others ⓘ	4	4	6	8	22	19	25	34	30	-261
Cash Flow From Financing Activity ⓘ +	-392	-126	-360	-157	-174	-346	-302	-439	-460	-875
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	-2	-2	-9	-8	-12	-12	-12	-9	-10
Dividend Paid ⓘ	-324	-103	-100	-110	-155	-319	-273	-410	-433	-847
Others ⓘ	-67	-21	-258	-39	-11	-15	-17	-18	-18	-18
Net Cash Flow ⓘ	-24	50	-34	222	-116	6	169	-40	-26	-44

Financial Ratio

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	21.59	17.92	17.42	20.04	16.47	22.81	26.07	32.3	32.28	103.09
ROCE (%)	30.07	24.91	26.36	28.03	22.88	29.99	36.56	44.32	43.65	124.27
Asset Turnover Ratio	1.46	1.04	0.85	0.75	0.63	0.77	0.89	0.87	0.9	0.73
PAT to CFO Conversion(x)	0.61	0.88	0.67	1.58	1.36	0.42	1.45	1.14	0.73	0.04
Working Capital Days
Receivable Days	48.60	52.80	52.50	57.60	61	52.70	50.30	52	52	60.20
Inventory Days	48.70	49.40	46.40	55.90	68.70	66.80	60.60	55.70	54.50	59.60
Payable Days	152.50	147.20	128.60	152.40	192.90	152.40	131.10	147.40	149.20	144.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

JSW Dulux Ltd FAQs

The current trading price of JSW Dulux on 24-Jun-2026 16:59 is ₹3,226.2.

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 23-Jun-2026 the market cap of JSW Dulux stood at ₹14,692 Cr

The latest P/E ratio of JSW Dulux as of 23-Jun-2026 is 7.66.

The latest P/B ratio of JSW Dulux as of 23-Jun-2026 is 6.14.

The 52-week high of JSW Dulux is ₹3,909.3 and the 52-week low is ₹2,649.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Dulux is ₹3,599 ( Cr.) .

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

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

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

About JSW Dulux Ltd

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

Akzo Nobel India is the world's largest coatings company, with leading market positions and brands in countries around the world. The company supplies essential protection and essential colour to industries and consumers. Backed by a pioneering heritage, the company’s 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, the company is dedicated to energising cities and communities while creating a protected, colourful world where life is improved by what it does.

History of the company:

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. The Government of India’s holding became nil in 2003. The name of the Company was changed to IEL Limited in 1985, to ICI India Limited in 1989 and to Akzo Nobel India Limited in 2010.

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. 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

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

Product and services

For Home Owners

Interior
Exterior
Woodcare and Metal
Waterproofing

For Institutions / Builders

Dulux Professional

For Industrial Users

Automotive & Specialty Coatings
Industrial Coatings
Powder Coatings
Marine & Protective 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.

FY2020-21

Best Innovation Award from World Auto Forum for its Auto Coatings product Auto Express Clear.
Logistics Technology Project of the Year in 33rd Inflection Web conference and Awards organised by Alden Global Value Advisors.

FY2021-22

The company was recognized at the CII-ITC Sustainability Awards 2021 for ‘Commendation for Significant Achievement in Corporate Social Responsibility’ and the 2022 Communitas Award for ‘Excellence in Corporate Social Responsibility’ with a special focus on driving diversity and inclusion in local communities.
2021 CII-ITC Sustainability Award for significant excellence in CSR Domain.
2022 Communitas Award for its CSR projects undertaken in 2021-22 with special emphasis on Diversity & Inclusion in skilling youth belonging to the vulnerable sections of society.

FY2022-23

Special Jury Commendation for Skill Development and Livelihood - FICCI Corporate Social Responsibility Award 2021.
Best Corporate in Small and Emerging Category- ICSI CSR Excellence Award 2022.
Top 50 India’s Best Workplaces in Manufacturing 2023 - Great Place to Work Institute, India.
Most Trusted Brands of India 2023 (Dulux) - Marksmen Daily.

FY2023-24

The company’s decorative paints brand Dulux was recognized with ‘Most Trusted Brands of India’ award for the second straight year, a strong validation of the trust Indian consumers repose on the superior quality Dulux products and services, innovation and customer service.
The company has been honoured to jointly win the Gold Award for ‘Excellence in Business Responsibility and Sustainable Reporting - Mid Cap (Manufacturing Sector)’ in the third edition of Institute of Chartered Accountants of India’s Sustainability Reporting Awards 2022-23.

FY2024-25

The company has received Certificate of Achievement at 2nd North-East CSR Award 2024 organised by TISS (Guwahati) for providing Skill training to youth rehabilitated from drug use.
The company has received 2024 CII CII-ITC Sustainability Award-significant excellence in CSR Domain.
The company is in final jury round of FICCI CSR Award 2024 (Skill Training Category).

JSW Dulux Ltd (JSWDULUX)

JSW Dulux Ltd (JSWDULUX)

JSW Dulux stock performance