Akzo Nobel India Limited (AKZOINDIA) AI Stock Analysis

• Market Cap: ₹165.04B
• Dividend Yield: 2.64%
• Average Volume (3M): 825.00
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.42
• Revenue Growth: -3.03%
• EPS Growth: 357.65%
• Country: IN
• Employees: 1,500
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 369.52
• Shares Outstanding: 45,540,314
• 10 Day Avg. Volume: 793
• 30 Day Avg. Volume: 825
• PEG Ratio: 55.67
• Price to Book (P/B): 12.09
• Price to Sales (P/S): 3.93
• P/FCF Ratio: 78.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹3,651.00 ▲(1.44% Upside)

Akzo Nobel India Limited's strong financial performance is the primary driver of its stock score, supported by robust revenue growth and profitability. However, technical indicators suggest a cautious outlook with potential short-term bearish sentiment. The valuation indicates a relatively high P/E ratio, which may deter value-focused investors, although the dividend yield offers some appeal.

Positive Factors

Revenue Growth

Consistent revenue growth highlights the company's ability to expand its market presence and product adoption, ensuring long-term business stability.

Operational Efficiency

Improved EBIT margin indicates effective cost management and operational efficiency, contributing to sustained profitability in a competitive market.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability and provides flexibility for strategic investments and growth opportunities.

Negative Factors

Cash Flow Management

Declining free cash flow growth may limit the company's ability to invest in new projects and respond to market changes, impacting long-term growth.

Earnings Decline

A decline in earnings per share growth suggests potential challenges in maintaining profitability, which could affect investor confidence and future earnings potential.

Cash Reserves

Reduced cash reserves may constrain the company's ability to manage unforeseen expenses or invest in opportunities, impacting financial resilience.

Akzo Nobel India Limited Business Overview & Revenue Model

Company Description

Akzo Nobel India Limited (AKZOINDIA) is a leading paints and coatings company in India, primarily engaged in the manufacturing and distribution of decorative paints, performance coatings, and specialty chemicals. As a subsidiary of AkzoNobel, a global leader in the field, AKZOINDIA caters to a diverse array of sectors, including construction, automotive, and industrial applications. The company's core product offerings include a wide range of decorative paints, industrial coatings, and powder coatings, which are designed to meet the evolving needs of consumers and businesses in both domestic and international markets.

How the Company Makes Money

Akzo Nobel India Limited generates revenue primarily through the sale of its paints and coatings products across various segments. The company's revenue model is based on both direct sales to consumers and business-to-business transactions, allowing it to capture a wide customer base. Key revenue streams include decorative paints for residential and commercial applications, industrial coatings for automotive and general manufacturing sectors, and specialty chemicals for specific applications. Significant partnerships with retailers, distributors, and construction companies also enhance its market reach and contribute to consistent revenue growth. Additionally, AKZOINDIA benefits from its parent company's research and development capabilities, enabling the introduction of innovative products that meet regulatory standards and consumer preferences, further driving sales and profitability.

Akzo Nobel India Limited Financial Statement Overview

Summary

Akzo Nobel India Limited exhibits strong financial health with consistent revenue growth and profitability. The balance sheet is solid, characterized by low leverage and high equity. Cash flow generation remains adequate, although there is room for improvement in free cash flow growth. The company is well-positioned in the specialty chemicals industry, but should focus on maintaining cash reserves and managing non-operating expenses to sustain its growth trajectory.

Income Statement

Akzo Nobel India Limited demonstrated strong revenue growth with a consistent increase over the years, reaching a total revenue of ₹40,912 Crores in 2025. The Gross Profit Margin improved to approximately 43.34%, indicating efficient cost management. The Net Profit Margin remained stable at 10.5%, reflecting healthy profitability despite competitive pressures in the specialty chemicals industry. EBIT Margin improved significantly to 35.09%, showcasing operational efficiency. EBITDA Margin, however, showed a minor decline, necessitating attention to non-operating expenses.

Balance Sheet

The company's balance sheet is robust with a declining trend in Total Debt, resulting in a favorable Debt-to-Equity ratio of 0.05. The Return on Equity (ROE) stood at 32.28%, indicating effective utilization of equity. The Equity Ratio of 45.82% suggests a healthy proportion of total assets financed by shareholders' equity. Although the balance sheet is strong, the decline in Cash and Cash Equivalents over recent years might require strategic cash management.

Cash Flow

Akzo Nobel India's Operating Cash Flow to Net Income Ratio is 0.72, reflecting adequate cash generation from operations. Free Cash Flow to Net Income Ratio was 0.48, showing positive free cash flow generation. However, Free Cash Flow Growth Rate showed a decline, requiring enhanced focus on cash flow optimization and capital allocation strategies.

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

• Technical Analysis Sentiment: Positive
• Last Price: 3599.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKZOINDIA, the sentiment is Positive. The current price of 3599 is above the 20-day moving average (MA) of 3469.01, above the 50-day MA of 3377.75, and above the 200-day MA of 3322.81, indicating a bullish trend. The MACD of 70.15 indicates Negative momentum. The RSI at 65.84 is Neutral, neither overbought nor oversold. The STOCH value of 78.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AKZOINDIA.

Akzo Nobel India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KANSAINER	75 Outperform	₹181.63B	15.86	―	1.11%	1.06%	83.53%
GPIL	75 Outperform	₹162.32B	20.85	―	0.41%	-0.96%	-11.90%
INDIGOPNTS	74 Outperform	₹58.08B	40.31	―	0.29%	0.14%	2.95%
AKZOINDIA	69 Neutral	₹165.04B	8.29	―	2.64%	-3.03%	357.65%
SIRCA	64 Neutral	₹26.47B	46.01	―	0.31%	28.27%	23.68%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Akzo Nobel India Limited Corporate Events

Akzo Nobel India Finalizes Share Acquisition and Secures Brand Agreements

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 Announces Strategic Agreements Post-Acquisition Deal

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 Publishes Financial Results for September 2025

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 Issues Pre-Offer Advertisement

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 Evaluates JSW Paints’ Open Offer

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.

Akzo Nobel India Announces Trading Window Closure

Akzo Nobel India Limited announced the closure of its trading window in compliance with SEBI regulations, effective from October 1, 2025, until 48 hours after the release of its unaudited financial results for the quarter and six months ending September 30, 2025. This move is part of the company’s policy to prevent insider trading, ensuring transparency and regulatory compliance, which is crucial for maintaining investor trust and market integrity.