₹3,080.2
▲ +132.08 +4.48%
17 Jul 2026
NSE Listed · Paints/Varnish
JSW Dulux Limited (JSWDULUX)
Volume: 4,038Avg Vol 1W: 13,528Avg Vol 1M: 20,82252W Range:₹2,658.7₹3,915.5
Key Ratios
Checked 3h agoMarket Cap₹14,027 Cr
Current Price₹3,080.2
Previous Close₹2,948.12
High / Low (52w)₹3,915.5 / ₹2,658.7
Volume4,038
Avg Vol (1W)13,528
Avg Vol (1M)20,822
Stock P/E38.84
Book Value₹538.81
Dividend Yield6.68%
ROE17.68%
ROA52.01%
Revenue (TTM)—
Revenue Growth—
Profit Margin54.71%
Total Debt—
Shares Outstanding5 Cr
Face Value₹10
EPS (TTM)₹27.6
P/B5.72
Debt / Equity0.04
50 DMA₹3,149.56
200 DMA₹3,009.01
Day change+4.48%
Price Chart
₹3,080.2▼ 8.22% · 1Y
2025-11-242026-07-16
20-day avg volume: 20K shares
Pros
- Healthy return on equity of 17.7%.
- Pays a dividend yield of 6.7%.
- Company is almost debt-free.
- Net profit is growing year over year.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,036 Cr | ₹982 Cr | ₹1,051 Cr | ₹1,014 Cr | ₹995 Cr | ₹835 Cr | ₹894 Cr | ₹883 Cr |
| EBITDA | ₹157 Cr | ₹133 Cr | ₹150 Cr | ₹140 Cr | ₹125 Cr | ₹100 Cr | ₹132 Cr | ₹174 Cr |
| Net Profit | ₹115 Cr | ₹98 Cr | ₹109 Cr | ₹108 Cr | ₹91 Cr | ₹1,683 Cr | ₹74 Cr | ₹126 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,961 Cr | ₹2,699 Cr | ₹2,445 Cr | ₹3,171 Cr | ₹3,830 Cr | ₹3,997 Cr | ₹4,097 Cr | ₹3,698 Cr |
| EBITDA | ₹319 Cr | ₹338 Cr | ₹289 Cr | ₹379 Cr | ₹470 Cr | ₹586 Cr | ₹580 Cr | ₹532 Cr |
| Net Profit | ₹211 Cr | ₹237 Cr | ₹208 Cr | ₹290 Cr | ₹335 Cr | ₹427 Cr | ₹430 Cr | ₹1,974 Cr |
| EPS | 45.96 | 52.13 | 45.6 | 63.7 | 73.58 | 93.68 | 94.31 | 433.42 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹2,098 Cr | ₹2,326 Cr | ₹2,530 Cr | ₹2,592 Cr | ₹2,741 Cr | ₹2,904 Cr | ₹2,903 Cr | ₹3,795 Cr |
| Total Liabilities | ₹962 Cr | ₹1,088 Cr | ₹1,242 Cr | ₹1,332 Cr | ₹1,424 Cr | ₹1,574 Cr | ₹1,573 Cr | ₹1,344 Cr |
| Equity | ₹1,136 Cr | ₹1,238 Cr | ₹1,288 Cr | ₹1,260 Cr | ₹1,316 Cr | ₹1,330 Cr | ₹1,330 Cr | ₹2,452 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹263 Cr | ₹485 Cr | ₹365 Cr | ₹235 Cr | ₹629 Cr | ₹656 Cr | ₹478 Cr | ₹168 Cr |
| Investing | ₹185 Cr | ₹4 Cr | ₹-225 Cr | ₹230 Cr | ₹-15 Cr | ₹-86 Cr | ₹122 Cr | ₹804 Cr |
| Financing | ₹-360 Cr | ₹-157 Cr | ₹-174 Cr | ₹-346 Cr | ₹-302 Cr | ₹-439 Cr | ₹-459 Cr | ₹-875 Cr |
| Free Cash Flow | ₹263 Cr | ₹485 Cr | ₹365 Cr | ₹235 Cr | ₹629 Cr | ₹656 Cr | ₹478 Cr | ₹168 Cr |
Shareholding
Promoter 61.2% Institutions 30.22% Public 8.58%
Efficiency & Working Capital
ROCE39.1%
Interest Coverage36.9
Dividend Payout—
Debtor Days61 d
Inventory Days58 d
Payable Days77 d
Cash Conversion Cycle42 d
Working Capital Days119 d
Shareholding Details
As of 2026-03-31
Promoter61.2%
FII8.4%
DII21.8%
Institutions30.2%
Public8.6%
Promoter Pledge0%
No. of Shareholders48,493
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.8% | 74.8% | 74.8% | 74.8% | 74.8% | 74.8% | 74.8% | 74.8% | 74.8% | 69.8% | 61.2% | 61.2% |
| FIIs | 3.2% | 3.1% | 3.2% | 3.4% | 3.6% | 3.7% | 3.8% | 3.7% | 3.7% | 8% | 8.7% | 8.4% |
| DIIs | 8.8% | 8.6% | 8.6% | 8.4% | 8.3% | 8.1% | 8.1% | 8.5% | 8.6% | 13.8% | 20.6% | 21.8% |
| Public | 13.3% | 13.5% | 13.5% | 13.5% | 13.3% | 13.4% | 13.3% | 13.1% | 13% | 8.5% | 9.6% | 8.6% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 45,231 | 46,657 | 47,322 | 46,712 | 46,662 | 45,906 | 48,266 | 48,140 | 48,922 | 48,226 | 50,314 | 48,493 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Jsw Paints Limited | Shareholding of Promoter and Promoter Group | 61.2% | 2.79 Cr |
| Hdfc Mutual Fund - Hdfc Childrens Fund | Public Shareholding | 6.4% | 29,16,421 |
| Icici Prudential Value Fund | Public Shareholding | 3.9% | 17,75,425 |
| Aditya Birla Sun Life Trustee Private Limited A/c - Aditya Birla Sun Life Large Cap Fund | Public Shareholding | 2.1% | 9,70,042 |
| Nippon Life India Trustee Ltd-a/c Nippon India Multi Cap Fund | Public Shareholding | 2.1% | 9,39,648 |
| Goldman Sachs Funds - Goldman Sachs India Equity Portfolio | Public Shareholding | 1.9% | 8,61,855 |
| The New India Assurance Company Limited | Public Shareholding | 1.7% | 7,84,052 |
| Tata Mutual Fund - Tata Small Cap Fund | Public Shareholding | 1.4% | 6,38,168 |
| Imperial Chemical Industries Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Akzo Nobel Coatings International B.v | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Akzo Nobel Chemicals International B.v. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Panter B.v. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Akzo Nobel ( C ) Holdings B.v. | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Jsw Paints Limited | 0 | 0% | 2026-03-31 |
| Imperial Chemical Industries Ltd | 0 | 0% | 2026-03-31 |
| Akzo Nobel Coatings International B.v | 0 | 0% | 2026-03-31 |
| Akzo Nobel Chemicals International B.v. | 0 | 0% | 2026-03-31 |
| Panter B.v. | 0 | 0% | 2026-03-31 |
| Akzo Nobel ( C ) Holdings B.v. | 0 | 0% | 2026-03-31 |
| Hdfc Mutual Fund - Hdfc Childrens Fund | 0 | 0% | 2026-03-31 |
| Icici Prudential Value Fund | 0 | 0% | 2026-03-31 |
| Aditya Birla Sun Life Trustee Private Limited A/c - Aditya Birla Sun Life Large Cap Fund | 0 | 0% | 2026-03-31 |
| Nippon Life India Trustee Ltd-a/c Nippon India Multi Cap Fund | 0 | 0% | 2026-03-31 |
| Tata Mutual Fund - Tata Small Cap Fund | 0 | 0% | 2026-03-31 |
| The New India Assurance Company Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| PARTH SAJJAN JINDAL | Chairman(Non Exe)&Dir(Non-Ind) | 2026 |
| Rajiv Rajgopal | Joint Managing Director & CEO | 2026 |
| R Krishna | Executive Director / Whole Time Director / CFO | 2026 |
| Rohit Ghanshyamdas Totla | E D & Wholetime Director | 2026 |
| Hemant Sahai | Independent Director | 2026 |
| Namrata Kaul | Independent Director | 2026 |
| Anil Chaudhry | Independent Director | 2026 |
| S Khosla | Independent Director | 2026 |
| Sutapa Banerjee | Independent Director | 2026 |
| Kaustubh Kulkarni | Non-Exec & Non-Independent Dir | 2026 |
| Rajiv Lochan Jha | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Coatings | ₹2,880 Cr | 100% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Domestic | ₹3,461 Cr | 96.2% |
| Overseas | ₹138 Cr | 3.8% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 127 | 46 | 46 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2026-07-03 | ₹50.0 (500.0%) | Final |
| dividend | 2026-07-03 | ₹50 (500%) | Final |
| dividend | 2025-08-11 | ₹156 (1560%) | Special |
| dividend | 2025-07-25 | ₹30 (300%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 2,581 | 0 | 0 | 18 | 21 | 4,501 |
| 2026 | 0 | 0 | 0 | 0 | 0 | 1,152 |
| 2026 | 0 | 0 | 0 | 0 | 0 | 59 |
Insider / Designated-Person Trades
4 recent disclosure(s)
Imperial Chemical Industries LimitedDisposal · 40,97,025
Imperial Chemical Industries LimitedDisposal · 1,66,03,504
Akzo Nobel Coatings International B.V.Disposal · 1,10,66,791
Imperial Chemical Industries LimitedDisposal · 22,77,015
Substantial Acquisitions (SAST)
7 disclosure(s)
Market17/12/2025 · 40,97,025
Market17/12/2025 · 4,07,248
Off Market10/12/2025 · 2,76,70,295
Off Market10/12/2025 · 2,76,20,295
Off Market10/12/2025 · 1,66,03,504
Off Market10/12/2025 · 1,10,66,791
Company Information
Incorporated1954
ChairmanPARTH SAJJAN JINDAL
AuditorPrice Waterhouse Chartered Accountants LLP
Investor Email[email protected], [email protected]
📍 801A South City Business Park, 770 Anandapur Easter.Metropoli, Kolkata, West Bengal, 700701
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