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Akzo Nobel India Limited
(AKZOINDIA)
Akzo Nobel India Limited (AKZOINDIA) vs. iShares MSCI India ETF (INDA)
Akzo Nobel India Limited Business Overview & Revenue Model
Akzo Nobel India Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.50B | 40.91B | 39.37B | 37.77B | 31.09B | 23.97B |
| Gross Profit | 17.37B | 17.73B | 16.74B | 14.83B | 12.26B | 9.88B |
| EBITDA | 6.32B | 6.42B | 6.67B | 5.52B | 4.54B | 3.64B |
| Net Income | 4.06B | 4.29B | 4.27B | 3.35B | 2.90B | 2.08B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 29.03B | 29.04B | 27.41B | 25.92B | 25.30B |
| Cash, Cash Equivalents and Short-Term Investments | 2.88B | 2.87B | 5.14B | 5.53B | 4.47B | 7.19B |
| Total Debt | 0.00 | 621.00M | 604.00M | 697.00M | 705.00M | 787.00M |
| Total Liabilities | -13.30B | 15.73B | 15.74B | 14.24B | 13.32B | 12.42B |
| Stockholders Equity | 13.30B | 13.30B | 13.30B | 13.16B | 12.60B | 12.88B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.04B | 3.67B | 3.82B | 580.00M | 2.55B |
| Operating Cash Flow | 0.00 | 3.11B | 4.86B | 4.86B | 1.21B | 2.83B |
| Investing Cash Flow | 0.00 | 1.23B | -860.00M | -151.00M | 2.30B | -2.25B |
| Financing Cash Flow | 0.00 | -4.59B | -4.39B | -3.02B | -3.46B | -1.74B |
Akzo Nobel India Limited Technical Analysis
Akzo Nobel India Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹188.14B | 16.43 | ― | 1.11% | 1.06% | 83.53% | |
75 Outperform | ₹173.04B | 22.22 | ― | 0.39% | -0.96% | -11.90% | |
74 Outperform | ₹57.24B | 39.73 | ― | 0.30% | 0.14% | 2.95% | |
69 Neutral | ₹142.60B | 7.16 | ― | 3.04% | -3.03% | 357.65% | |
64 Neutral | ₹26.67B | 44.74 | ― | 0.30% | 28.27% | 23.68% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Akzo Nobel India Limited Corporate Events
Akzo Nobel India Limited has disclosed an update on a pending tax litigation with the Karnataka GST Department concerning disallowance of input tax credit for the period April 2021 to March 2022. Following a show cause notice in September 2025 that initially proposed a demand of about Rs 14.96 crore, the Deputy Commissioner, Large Taxpayers Unit, has now issued an order dated 29 December 2025, reducing the demand to approximately Rs 2.46 crore, including tax, interest and penalty. The order remains open to further submissions, and the company is in the process of responding within the prescribed timeframe, indicating that the matter is not yet concluded but that the potential financial exposure has been significantly lowered from the original claim.
Akzo Nobel India Limited has updated the stock exchanges on the status of a tax dispute with the Karnataka GST Department regarding disallowance of input tax credit for the period April 2021 to March 2022. The company had earlier received a show cause notice raising a demand of about Rs 14.96 crore, but following its submissions and supporting documents, the Deputy Commissioner, Large Taxpayers Unit, Karnataka GST Department has now issued an order reducing the total demand to approximately Rs 2.46 crore, including tax, interest and penalty. The order remains open for further submissions, and Akzo Nobel India is in the process of responding within the stipulated timeframe, indicating that while the potential liability has been significantly reduced, the matter is not yet fully concluded and may still influence the company’s tax position until resolved.
Akzo Nobel India Limited has disclosed an update on a pending indirect tax litigation following an order from the Haryana GST Department relating to input tax credit (ITC) disallowance for the period April 2018 to March 2021. The initial show-cause notice had proposed a demand of Rs 49.73 lakh, but after the company’s submissions and review by the Assistant Commissioner, the aggregate demand in the order has been reduced to Rs 39.09 lakh, comprising tax of Rs 19.54 lakh along with applicable interest and an equivalent penalty. The order remains open to further representation, and the company is in the process of responding within the prescribed timeframe, indicating that the matter is still under dispute and the final financial impact on the company will depend on the outcome of subsequent proceedings.
Akzo Nobel India has disclosed an update on a pending tax litigation with the Bihar GST Department relating to disallowance of input tax credit for April 2021 to March 2022. Following a show cause notice that initially proposed an aggregate demand of Rs 23.04 lakh, the Deputy Commissioner of State, Bihar GST Department, has now issued an order reducing the total demand to Rs 2.30 lakh, comprising tax of Rs 1.21 lakh, interest of Rs 0.79 lakh and penalty of Rs 0.30 lakh. The company has stated that the order remains open for further submissions and it is in the process of responding within the prescribed timeframe, indicating that the matter is still under dispute but the financial exposure has been significantly curtailed compared with the original notice.
Akzo Nobel India Limited has announced that, in compliance with SEBI’s Prohibition of Insider Trading Regulations and its own insider trading prevention policy, the trading window for dealing in its securities will be closed for designated persons, their immediate relatives and connected persons from 1 January 2026. The window will remain shut until 48 hours after the company announces its unaudited financial results for the quarter and nine months ended 31 December 2025, with the date of the board meeting to consider these results to be communicated later, a standard governance measure aimed at preventing insider trading and ensuring fair disclosure for investors.
Akzo Nobel India Limited has announced that an indirect tax dispute with the Gujarat GST Department has been resolved in its favour, eliminating a previously disclosed demand. The case related to a show cause notice issued in June 2025 over alleged issuance of duplicate e-way bills for the period April 2018 to March 2019, involving a claimed liability of Rs 4.36 lakh plus applicable interest and penalties. After the company submitted its reply with supporting documents, the Superintendent of the Gujarat GST Department issued an order on 23 December 2025, received by the company on 26 December 2025, fully dropping the tax, interest and penalty demand. The outcome removes a contingent exposure for Akzo Nobel India, signalling a positive resolution of the pending litigation and avoiding any adverse financial or compliance impact from this specific matter.
Akzo Nobel India Limited has completed a significant management change following the acquisition of 60.76% of its shares by JSW Paints Limited. This acquisition marks a major shift in the company’s ownership structure, with the former promoters, Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V., being reclassified from the ‘promoter and promoter group’ category to the ‘public’ category. This strategic move is expected to impact the company’s market positioning and stakeholder dynamics, as JSW Paints Limited now holds a controlling stake of 61.2% in the company.
Akzo Nobel India Limited has announced the completion of a significant share acquisition by JSW Paints Limited, which now holds 60.76% of the company’s shares. This acquisition results in JSW Paints being classified as the new promoter of the company, while the previous promoters, Imperial Chemical Industries Limited and Akzo Nobel Coatings International B.V., have stepped down from their roles. This reclassification is in compliance with SEBI regulations and marks a strategic shift in the company’s ownership structure, potentially impacting its future market positioning and operations.
Akzo Nobel India Limited announced the outcome of its board meeting, highlighting the completion of a share purchase agreement with JSW Paints Limited for the acquisition of its entire shareholding. To ensure business continuity, Akzo Nobel India has entered into agreements with its parent company, Akzo Nobel N.V., for the use of intellectual property and corporate branding. These agreements are designed to maintain operational stability and leverage the brand’s global reputation, potentially strengthening the company’s market position.
Akzo Nobel India Limited announced the outcome of its board meeting regarding the acquisition of its shares by JSW Paints Limited. The company has entered into agreements with its parent company, Akzo Nobel N.V., to use certain intellectual property rights and the corporate brand to ensure business continuity. These agreements are part of the strategic steps following the share purchase agreement, aimed at maintaining operational stability and leveraging brand assets.
Akzo Nobel India Limited has announced the publication of its financial results for the quarter and half year ended September 30, 2025, in major newspapers. This disclosure is part of the company’s compliance with regulatory requirements and aims to keep stakeholders informed about its financial performance, which could influence investor decisions and market perceptions.
Akzo Nobel India Limited has announced a pre-offer advertisement and corrigendum to a detailed public statement for its shareholders. This announcement is part of regulatory compliance under SEBI’s SAST Regulations, indicating ongoing corporate actions that may impact shareholder interests and company operations.
Akzo Nobel India Limited has announced the recommendation of its Committee of Independent Directors (IDC) regarding an open offer made by JSW Paints Limited and its partners. The offer involves the acquisition of a significant portion of Akzo Nobel’s shares, representing 26% of the company’s voting share capital, at a substantial price per share. This move could potentially impact the company’s market positioning and shareholder value, as it represents a significant investment by JSW Paints and its partners.