JSW Dulux logo

JSW Dulux share price

NSE: JSWDULUXBSE: 500710Consumer DurablesSmall Cap

Formerly Akzo Nobel India
Last close ₹286.60down ₹15.60 (5.16%)BSE ₹286.40

Share price at the NSE close on 23 Oct 2026. Previous close ₹302.20.

52-week range of traded prices to 23 Oct 2026
₹265.87Low, 1 Feb 2026₹374.50High, 2 Dec 2025
Market cap
₹13,052 Cr464th largest listed
P/E
6.7
P/E without one-offs
111.9
P/B
5.3
Dividend yield
1.74%
ROE
103.8%
ROE without one-offs
6.2%
ROCE
16.8%
Debt to equity
0.00
Volume, NSE
2,54,13650.9% delivered

Share price

Daily closes since Jan 2007, adjusted for splits and bonuses

−14.0%over a year

ResultsSplit, bonus, rights or demerger20-session average 3,35,227 shares a day, 53.5% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 11 Aug

Revenue
₹965 Crup 9.26%
Net profit
₹80 Crdown 36.58%
Net margin
8.3%

Revenue by year

Net profit by year, a loss in red

The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.

₹ croreSep 2024Filed 7 NovDec 2024Filed 7 FebMar 2025Filed 17 JulJun 2025Filed 4 AugSep 2025Filed 7 NovDec 2025Filed 2 FebMar 2026Filed 13 MayJun 2026Filed 11 Aug
Revenue9821,0501,022995835908883965
Net profit98109108911,6837412680
Net margin10.0%10.3%10.6%9.1%201.6%8.2%14.2%8.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

One segment, Paints, carries all the revenue in the year to Mar 2026.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history

Price to earnings

At or below today's level on 92% of 2,480 trading days over the last 10 years.

LowestHighest
Its median35.4Industry median34.7
Price to book

At or below today's level on 0.1% of 1,973 trading days since Nov 2018.

LowestHighest
Its median8.0Industry median2.6
EV to EBITDA26.0

At or below today's level on 74% of 1,973 trading days since Nov 2018.

LowestHighest
Its median22.9Industry median25.8
Dividend yield

At or below today's level on 42% of 2,449 trading days over the last 10 years.

LowestHighest
Its median2.39%Industry median1.02%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−13.7%+359.6%−82.8%7.2%
3 years+11.7%+80.6%−40.6%4.4%
5 years+8.4%+56.9%−33.5%4.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters61.20%
  • Foreign institutions8.01%
  • Indian institutions22.05%
  • Individuals and others8.74%
Holder
JSW PAINTS LIMITEDPromoter61.20%
Goldman Sachs Funds - Goldman Sachs India Equity PortfolioForeign portfolio investors, category I1.89%
The New India Assurance Company LimitedInsurance companies1.72%
Investor Education and Protection Fund Authority Ministry of Corporate AffairsInvestor education fund1.00%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

49 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 14 of the 22 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Bought for the first time
1
Added
10
Cut
12
Held unchanged
24
Sold out
34
Fund
HDFC Mutual Fund logoHDFC Small Cap FundHDFC Mutual Fund17,44,4481.32%₹537.1 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Value FundICICI Prudential Mutual Fund13,02,6570.70%₹401.1 Cr
Nippon India Mutual Fund logoNippon India Multi Cap FundNippon India Mutual Fund9,13,8520.52%₹281.4 Cr
Aditya Birla Sun Life Mutual Fund logoAditya Birla Sun Life Large Cap FundAditya Birla Sun Life Mutual Fund7,41,4940.82%₹228.3 Cr
HDFC Mutual Fund logoHDFC Multi Cap FundHDFC Mutual Fund5,75,0000.91%₹177.0 Cr
HDFC Mutual Fund logoHDFC Childrens FundHDFC Mutual Fund4,63,6751.38%₹142.8 Cr
HDFC Mutual Fund logoHDFC Aggressive Hybrid FundHDFC Mutual Fund3,00,0000.44%₹92.4 Cr
Tata Mutual Fund logoTata Small Cap FundTata Mutual Fund2,87,4840.67%₹88.5 Cr
Nippon India Mutual Fund logoNippon India Multi Asset Allocation FundNippon India Mutual Fund1,91,9280.33%₹59.1 Cr
Tata Mutual Fund logoTata Large & Mid Cap FundTata Mutual Fund1,81,8000.77%₹56.0 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Paints, 10 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to JSW Dulux in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Asian Paints logoAsian PaintsASIANPAINT2,21,28746.410.430.7+9.8%+32.5%23.4%24.7%1.19%
Berger Paints (I) logoBerger Paints (I)BERGEPAINT54,37744.77.928.6+5.2%+6.6%18.6%20.0%0.86%
Kansai Nerolac Paints logoKansai Nerolac PaintsKANSAINER14,65624.42.214.5+5.2%−47.0%9.1%11.3%1.38%
Indigo Paints logoIndigo PaintsINDIGOPNTS4,84029.84.217.7+9.5%+14.7%14.9%18.3%0.49%
Sirca Paints India logoSirca Paints IndiaSIRCA2,32734.74.922.9+24.1%+26.3%16.3%17.6%0.49%
Shalimar Paints logoShalimar PaintsSHALPAINTS648–2.6–−10.6%–−24.5%−11.5%0.00%
Kamdhenu Ventures logoKamdhenu VenturesKAMOPAINTS125–0.732.2−7.9%––−1.0%0.00%
Siddhika Coatings logoSiddhika CoatingsSIDDHIKA12011.52.6–+15.1%+21.7%24.3%–2.06%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹20.60 a share, year to Mar 2026.
Ex-dateTypePer share
3 Jul 2026Final₹50.00
11 Aug 2025Special₹156.00
25 Jul 2025Final₹30.00
19 Nov 2024Interim₹70.00
25 Jul 2024Final₹25.00
16 Feb 2024Interim₹50.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

JSW Dulux share price by year

Each calendar year to 2025.JSW Dulux share price history

YearClose at year endChangeHighest closeLowest close
2025317.73−11.5%387.25309.95
2024358.88+37.6%451.85228.63
2023260.75+17.5%289.99212.58
2022221.96+8.5%235.18170.16
2021204.55−14.8%248.06196.59
2020239.95+21.7%247.83176.66
2019197.12+12.7%222.43160.08
2018174.93−4.6%198.30149.32
2017183.44+30.9%203.70132.98
2016140.18−0.2%172.00124.08
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026305.00305.00280.00286.60286.792,54,13650.9%
22 Oct 2026300.00304.80284.50302.20299.041,92,33254.9%
21 Oct 20263,058.603,087.902,966.002,994.803,002.5859,31574.8%
19 Oct 20263,094.003,128.503,026.003,058.603,072.3128,27040.9%
16 Oct 20263,037.003,070.003,024.003,045.003,045.8420,92260.5%
15 Oct 20263,097.003,097.003,025.003,036.603,055.0819,69560.1%
14 Oct 20263,078.003,150.003,056.803,098.303,113.2820,99350.3%
13 Oct 20263,059.003,079.003,028.203,066.303,062.9311,37954.9%
12 Oct 20263,038.103,087.903,006.303,051.003,060.0914,36246.1%
9 Oct 20262,990.003,029.502,978.103,005.103,004.1012,74951.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
22 Oct 2026Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Legal name
JSW Dulux Limited
NSE symbol
JSWDULUX
BSE code
500710
ISIN
INE133A01029
Industry
Consumer Durables
Listed
Jun 1965 on BSE, Jun 2001 on NSE
Face value
₹1
Former symbols
AKZOINDIA, ICI
CIN
L24292WB1954PLC021516
Corporate identity number, the registrar of companies' code for it