Akzo Nobel India Limited (IN:AKZOINDIA)
:AKZOINDIA
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Akzo Nobel India Limited
(AKZOINDIA)
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Rating:64Neutral
Price Target:
₹3,132.00
▼(-1.56% Downside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weaker FY2026 financial quality—declining revenue, margin compression, and profits not supported by cash flow—despite a very strong, low-debt balance sheet. Valuation is a major offset with a low P/E and healthy dividend yield, while technical indicators are broadly neutral.
Positive Factors
Conservative balance sheet
Very low leverage and strengthened equity provide durable financial flexibility: the company can fund working capital, capex or absorb demand shocks without taking on material debt. This conservatism reduces solvency risk and supports multi-month resilience and strategic optionality.
Negative Factors
Weak cash generation
Significantly weaker cash conversion means reported profits are not translating into cash. This limits internal funding for dividends, capex and working capital needs, and raises the risk that short-term earnings shocks will strain liquidity or force external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and strengthened equity provide durable financial flexibility: the company can fund working capital, capex or absorb demand shocks without taking on material debt. This conservatism reduces solvency risk and supports multi-month resilience and strategic optionality.
Read all positive factors
Akzo Nobel India Limited (AKZOINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹131.83B
Dividend Yield3.04%
Average Volume (3M)825.00
Price to Earnings (P/E)6.6
Beta (1Y)0.39
Revenue Growth-11.49%
EPS Growth359.56%
CountryIN
Employees1,500
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)437.15
Shares Outstanding45,540,314
10 Day Avg. Volume793
30 Day Avg. Volume825
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)5.28
Price to Sales (P/S)3.60
P/FCF Ratio278.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)96.7
Revenue Forecast (FY)₹40.34B
Akzo Nobel India Limited Business Overview & Revenue Model
Company Description
Akzo Nobel India Limited manufactures, distributes, and sells paints and coatings in India and internationally. It offers marine and protective, powder, industrial, and automotive and specialty coatings; paints, varnishes, enamels, lacquers, and e...
How the Company Makes Money
Akzo Nobel India primarily makes money by selling paints and coatings in India. Its revenue model is largely product-sales driven across two main streams: (1) Decorative paints (consumer-facing): earnings come from the sale of interior and exterio...
Akzo Nobel India Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.76B | 35.99B | 40.65B | 39.37B | 37.77B | 31.09B |
| Gross Profit | 13.92B | 11.02B | 16.04B | 15.69B | 14.83B | 12.26B |
| EBITDA | 24.70B | 5.08B | 6.68B | 6.66B | 5.49B | 4.54B |
| Net Income | 19.91B | 19.74B | 4.29B | 4.27B | 3.35B | 2.90B |
Balance Sheet | ||||||
| Total Assets | 36.51B | 37.95B | 29.03B | 29.04B | 27.41B | 25.92B |
| Cash, Cash Equivalents and Short-Term Investments | 2.83B | 3.24B | 2.87B | 5.14B | 5.53B | 4.47B |
| Total Debt | 1.25B | 791.00M | 621.00M | 604.00M | 697.00M | 705.00M |
| Total Liabilities | 13.95B | 13.44B | 15.73B | 15.74B | 14.24B | 13.32B |
| Stockholders Equity | 22.55B | 24.52B | 13.30B | 13.30B | 13.16B | 12.60B |
Cash Flow | ||||||
| Free Cash Flow | -2.19B | 466.00M | 2.04B | 3.67B | 3.82B | 580.00M |
| Operating Cash Flow | -1.95B | 936.00M | 3.11B | 4.86B | 4.86B | 1.21B |
| Investing Cash Flow | 10.57B | 7.93B | 1.23B | -860.00M | -151.00M | 2.30B |
| Financing Cash Flow | -8.60B | -8.65B | -4.59B | -4.39B | -3.02B | -3.46B |
Akzo Nobel India Limited Technical Analysis
Negative
3181.65
Price Trends
2928.24
Negative
2972.92
Negative
3180.95
Negative
Market Momentum
-8.95
Positive
43.73
Neutral
23.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKZOINDIA, the sentiment is Negative. The current price of 3181.65 is above the 20-day moving average (MA) of 2952.23, above the 50-day MA of 2928.24, and above the 200-day MA of 3180.95, indicating a bearish trend. The MACD of -8.95 indicates Positive momentum. The RSI at 43.73 is Neutral, neither overbought nor oversold. The STOCH value of 23.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AKZOINDIA.
Akzo Nobel India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹195.54B | 14.74 | ― | 0.39% | 0.09% | 8.15% | |
69 Neutral | ₹176.25B | 30.08 | ― | 1.11% | 2.93% | -48.42% | |
65 Neutral | ₹47.83B | 37.48 | ― | 0.30% | 4.80% | 2.29% | |
64 Neutral | ₹131.83B | 6.56 | ― | 3.04% | -11.49% | 359.56% | |
62 Neutral | ₹23.88B | 34.51 | ― | 0.30% | 31.68% | 30.03% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:AKZOINDIA
Akzo Nobel India Limited
2,894.70
-397.66
-12.08%
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Godawari Power & Ispat Ltd.
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-10.28%
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420.40
93.12
28.45%
Akzo Nobel India Limited Corporate Events
JSW Dulux opens special window to dematerialise physical shares
Apr 10, 2026
JSW Dulux Limited has notified the stock exchanges that it has published newspaper advertisements announcing a special window for the transfer and dematerialisation of physical share certificates. The notice, carried in an English and a Bengali da...
JSW Dulux Releases Investor Presentation Ahead of March 16 Call
Mar 16, 2026
JSW Dulux Limited has released an investor presentation and scheduled an investor call on 16 March 2026 to engage with shareholders and market participants. The presentation, made available on the company’s website, signals an effort to enha...
Akzo Nobel India Renames Itself JSW Dulux After Regulatory Nod
Mar 11, 2026
JSW Dulux Limited has received approval from India’s Ministry of Corporate Affairs to change its corporate name from Akzo Nobel India Limited to JSW Dulux Limited, effective 11 March 2026. The company’s Memorandum and Articles of Assoc...
Akzo Nobel India Plans Investor Meet in Mumbai on March 16
Mar 11, 2026
Akzo Nobel India Limited has scheduled a group investor meeting with analysts and institutional investors on 16 March 2026 in Mumbai, organized by ICICI Securities, to engage with the financial community. The company has clarified that the meeting...
Akzo Nobel India Discloses Draft Tax Assessment Proposing Rs 111.63 Crore Additions
Mar 9, 2026
Akzo Nobel India Limited has disclosed that the Income Tax Department’s Assessing Officer has issued a draft assessment order for assessment year 2023-24, proposing additions of Rs 111.63 crore to the company’s taxable income under cor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.