JSW Dulux Peer Comparison

NSE: AKZOINDIA | BSE: 500710

₹3,051.00

₹45.90 (1.53%)

As on 12-Oct-2026IST

Market cap

₹13,906 Cr

Revenue (TTM)

₹3,591 Cr

P/E Ratio

7.1

P/B Ratio

5.5

Div. Yield

6.7 %

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	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Market cap (₹ Cr)	13,906	14,406	4,858	2,320	660
Revenue (₹ Cr)	3,591	8,263	1,466	508	559
Net Profit (₹ Cr)	1,962.50	588.66	163.25	67.02	-69.44
Net Margin (%)	52.95	7.00	11.01	13.05	-12.30
RoE (%)	16.31	9.81	14.89	14.60	-24.21
Price to Earnings	7.09	24.00	30.19	34.62	--
Price-To-Book	5.50	2.08	4.12	4.72	5.51

Income Statement (₹ Cr)

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Operating Revenue	3,590.90	8,263.47	1,465.82	508.25	558.79
Total Income	3,706.00	8,411.74	1,483.02	513.51	564.64
Total Expenditure	3,101.80	7,263.65	1,193.34	407.94	585.73
EBITDA	489.10	999.82	272.48	100.32	-26.94
Depreciation	77.40	238.01	61.00	10.96	20.09
EBIT	411.70	761.81	211.48	89.36	-47.03
Interest	12.00	32.95	2.81	4.60	24.10
Other Income	115.10	148.27	17.20	5.26	5.85
Exceptional Items	1,845.90	-63.15	-6.13	0.00	-4.60
Profit before Tax	2,360.70	813.98	219.74	90.02	-69.88
Provision for Tax	398.20	225.32	56.48	23.00	-0.44
Profit after Tax	1,962.50	588.66	163.25	67.02	-69.44

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Shareholder's Funds	2,451.60	6,713.78	1,153.97	475.12	251.18
Minority Interest	0.00	11.48	-2.35	0.00	0.00
Non-Current Liabilities	200.50	365.11	107.65	39.45	13.41
Current Liabilities	1,143.20	1,657.15	367.33	74.37	375.97
Total Liabilities	5,600.50	8,711.11	--	610.41	642.62

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Non-Current Assets	1,561.30	2,317.67	748.93	180.16	275.75
Current Assets	1,787.10	5,773.67	811.39	387.39	305.55
Total Assets	5,600.50	8,711.11	--	610.41	642.62
Total Debt*	0.00	82.68	--	32.32	157.03
Net Current Assets	643.90	4,116.52	444.06	313.02	-70.42
Contingent Liabilities	53.70	44.79	--	--	39.17

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Cash From Operating Activities	93.20	894.37	--	44.41	23.35
Cash Flow from Investing Activities	803.70	-382.65	--	-69.75	-0.52
Cash from Financing Activities	-875.40	-403.30	--	38.83	-24.71
Net Cash Inflow / Outflow	21.50	108.42	--	13.50	-1.88

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
ROCE (%)	125.82	12.44	--	20.28	-12.18
ROE (%)	16.31	9.81	14.89	14.60	-24.21
ROA (%)	58.59	6.95	10.74	12.89	-10.34
EBIT Margin (%)	11.47	9.22	14.43	17.58	-8.42
Net Margin (%)	52.95	7.00	11.01	13.05	-12.30
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Revenue Growth (%)	-11.12	5.24	9.51	24.19	-10.74
EBIT Growth (%)	-21.01	7.39	22.72	30.96	22.43
Net Profit Growth (%)	383.49	-46.49	15.32	26.33	2.07
EPS Growth (%)	-5.42	3.47	16.75	21.92	8.56
Book Value Growth (%)	84.38	4.53	--	35.92	-30.80

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Price / Earnings	36.22	22.26	29.35	34.62	-10.17
Price / Book Value	5.50	2.08	4.12	4.72	5.51
Dividend Yield (%)	6.75	1.40	0.49	0.49	0.00
EV/EBITDA	27.77	11.90	16.62	22.37	-28.57
Market Cap (₹ Cr)	12,925.09	13,509.49	--	2,280.50	302.15

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Debt to Equity	0.00	0.00	0.00	0.05	0.00
Short term debt to equity ratio	--	0.01	--	--	0.62
Current Ratio	1.56	3.48	2.21	5.21	0.81
Quick Ratio	1.06	2.56	1.72	3.72	0.54
Interest Coverage	197.73	25.70	79.20	20.57	-1.90

	JSW Dulux	Kansai Nerolac	Indigo Paints	SIRCA Paints India	Shalimar Paints
Debtors to sales (%)	16.79	17.76	19.48	30.55	24.76
Asset Turnover	1.07	0.98	0.96	0.98	0.83
Receivable days	60.23	57.19	--	92.10	79.33
Inventory Days	59.62	64.70	--	81.02	65.67
Payable days	144.42	79.48	--	63.38	173.97
Cash Conversion Cycle	-24.57	42.40	--	109.74	-28.96

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.