What the business is, and whether it's a good one at a fair price.
Makes and sells decorative and industrial paints in India under the Dulux brand, following JSW Paints' acquisition of a 61.2% stake from Akzo Nobel in December 2025 (the company was renamed from Akzo Nobel India to JSW Dulux in March 2026). The single reported Paints segment generated Rs 3,599.2 cr of retained business revenue in FY26 with 7% volume growth, split between decorative paints for retail/households and industrial coatings for steel, marine, protective and auto OEM customers. The industrial coatings business leverages JSW Group ownership — management notes roughly 70% of industrial coatings go on steel — with marquee wins cited including a Porsche OEM tie-up and the Navi Mumbai Airport project. The company operates 5 plants, employs about 1,156 people plus 476 workers, and reaches 6,640 dealers across more than 5,000 towns, with management targeting expansion to 6,000+ towns including tier 2/3/4 markets. The premium portfolio mix stands at 44% versus an industry average of 22%; in Q4 FY26 deliberate price corrections in premium categories (from 7-9% premiums down to near-market levels) drove 23% blended volume growth but only 6.2% revenue growth, after which a 9.7% price hike was implemented to offset raw material inflation running at 24-25%. Materials are the dominant cost at 51.9% of revenue, with employees at 8.7% and other operating expenses at 18.6%, and the company is debt-free.
Measured from the filed financials, judged against its Paints peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from JSW DULUX LIMITED's filed financials and exchange disclosures
JSW DULUX LIMITED is a Consumer Durables company listed on NSE and BSE, trading under the symbol JSWDULUX.
Yes. Over the trailing twelve months JSW DULUX LIMITED reported a net profit of ₹1,963 Cr on revenue of ₹3,591 Cr.
Yes. The dividend yield is 5.90% at the current price. It paid out 43% of its profit as dividend in FY26.
Effectively yes. It holds ₹270 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, JSW DULUX LIMITED ranks 1 of 7 in Paints — cheaper than 100% of them, against an industry median of 35.8×. This is a position, not a valuation judgement.
On a typical session JSW DULUX LIMITED moves 0.86% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by JSW DULUX LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
