Incorporated in 1954, Akzo Noble India Ltd isin the business of manufacturing, trading, and selling paints and related products. It also provides research and development servicesto its Holding Company and other group companies[1]
Business Overview:[1]ANL is a part of the Akzo Nobel group, the world's largest coating company. It supplies essential protection and essential color to industries and consumers.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Asian Paints | 2756.90 | 65.76 | 264441.23 | 0.89 | 1018.23 | 20.45 | 8531.27 | 6.28 | 25.72 | 34378.17 | 18.04 | 4018.77 | 993.59 | 13.47 | 13.18 | 0.18 |
| 2. | Berger Paints | 517.65 | 54.56 | 60356.23 | 0.72 | 206.38 | -23.50 | 2827.49 | 1.91 | 24.90 | 11707.34 | 15.21 | 1105.49 | 206.29 | 9.60 | 13.39 | 0.11 |
| 3. | Kansai Nerolac | 231.10 | 28.72 | 18684.90 | 1.08 | 133.31 | 9.89 | 1954.18 | 0.14 | 13.03 | 7854.75 | 11.70 | 651.00 | 134.93 | 2.90 | 7.57 | 0.04 |
| 4. | Akzo Nobel | 3094.90 | 36.09 | 14094.30 | 3.22 | 1682.70 | -14.84 | 834.90 | -15.01 | 41.66 | 3902.60 | 14.63 | 390.47 | 83.37 | 6.23 | 14.76 | 0.03 |
| 5. | Indigo Paints | 1245.80 | 40.89 | 5939.42 | 0.29 | 25.53 | 5.85 | 298.50 | 3.45 | 19.51 | 1288.05 | 18.06 | 145.25 | 25.53 | 5.47 | 11.15 | 0.02 |
| 6. | Sirca Paints | 489.00 | 47.93 | 2777.18 | 0.31 | 18.10 | 36.30 | 131.17 | 24.38 | 19.98 | 435.04 | 19.40 | 57.93 | 18.10 | 6.24 | 12.27 | 0.10 |
| 7. | Shalimar Paints | 71.00 | – | 594.36 | 0.00 | -14.14 | 27.93 | 133.81 | -7.55 | -12.80 | 614.36 | -5.95 | -64.41 | -14.14 | 2.06 | -11.69 | 0.67 |
| – | Median: 10 Co. | 360.05 | 40.89 | 4358.3 | 0.52 | 21.82 | 7.87 | 216.16 | 3.5 | 19.75 | 951.2 | 14.92 | 101.59 | 21.82 | 4.33 | 11.71 | 0.11 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 926 | 987 | 951 | 999 | 956 | 1,033 | 973 | 1,036 | 982 | 1,050 | 1,022 | 995 | 835 |
Expenses | 820 | 844 | 797 | 837 | 814 | 866 | 812 | 867 | 836 | 884 | 863 | 861 | 724 |
Operating Profit | 106 | 143 | 155 | 162 | 142 | 166 | 162 | 169 | 146 | 167 | 159 | 134 | 111 |
Other Income | 5 | 12 | 6 | 8 | 9 | 8 | 10 | 10 | 9 | 6 | 3 | 9 | 1,882 |
Profit before tax | 88 | 132 | 133 | 148 | 127 | 152 | 147 | 154 | 132 | 146 | 137 | 122 | 1,972 |
Tax % | 26% | 26% | 28% | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 22% | 26% | 15% |
Net Profit | 65 | 97 | 95 | 110 | 94 | 114 | 109 | 115 | 98 | 109 | 108 | 91 | 1,683 |
EPS in Rs | 14.36 | 21.39 | 20.95 | 24.13 | 20.68 | 24.99 | 23.89 | 25.16 | 21.50 | 23.85 | 23.61 | 19.98 | 369.50 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,332 | 2,442 | 2,640 | 2,572 | 2,719 | 2,918 | 2,662 | 2,421 | 3,149 | 3,802 | 3,962 | 4,091 | 3,903 |
Expenses | 2,141 | 2,181 | 2,380 | 2,244 | 2,420 | 2,576 | 2,291 | 2,078 | 2,714 | 3,276 | 3,328 | 3,449 | 3,332 |
Operating Profit | 192 | 261 | 260 | 329 | 300 | 342 | 370 | 343 | 434 | 526 | 633 | 642 | 571 |
Other Income | 57 | 68 | 110 | 65 | 240 | 43 | 41 | 21 | 23 | 26 | 35 | 27 | 1,900 |
Interest | 2 | 2 | 2 | 3 | 4 | 4 | 9 | 10 | 14 | 14 | 12 | 10 | 11 |
Depreciation | 44 | 53 | 54 | 54 | 58 | 65 | 79 | 76 | 76 | 82 | 82 | 89 | 82 |
Profit before tax | 203 | 275 | 314 | 337 | 478 | 316 | 323 | 278 | 367 | 456 | 573 | 570 | 2,378 |
Net Profit | 150 | 186 | 214 | 247 | 401 | 211 | 237 | 208 | 290 | 335 | 427 | 429 | 1,990 |
EPS in Rs | 32.19 | 39.93 | 45.91 | 52.94 | 85.85 | 46.33 | 52.13 | 45.59 | 63.68 | 73.58 | 93.70 | 94.11 | 436.94 |
Dividend Payout % | 233% | 50% | 153% | 42% | 26% | 52% | 27% | 110% | 118% | 88% | 80% | 106% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 47 | 47 | 47 | 47 | 47 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
Reserves | 801 | 873 | 1,116 | 962 | 1,244 | 1,090 | 1,192 | 1,242 | 1,213 | 1,270 | 1,284 | 1,283 | 2,208 |
Borrowings | 0 | 0 | 3 | 3 | 3 | 3 | 64 | 64 | 70 | 70 | 60 | 62 | 71 |
Other Liabilities | 1,191 | 879 | 878 | 872 | 938 | 959 | 1,024 | 1,178 | 1,261 | 1,354 | 1,513 | 1,511 | 1,315 |
Total Liabilities | 2,039 | 1,799 | 2,043 | 1,884 | 2,231 | 2,097 | 2,325 | 2,529 | 2,590 | 2,739 | 2,903 | 2,902 | 3,640 |
Fixed Assets | 502 | 516 | 523 | 519 | 539 | 530 | 574 | 543 | 520 | 511 | 526 | 481 | 1,580 |
Gross Block | 905 | 959 | 577 | 624 | 697 | 752 | 856 | 877 | 905 | 965 | 1,009 | 871 | – |
Accumulated Depreciation | 402 | 443 | 54 | 105 | 158 | 222 | 282 | 334 | 385 | 454 | 484 | 390 | – |
CWIP | 31 | 12 | 9 | 23 | 27 | 17 | 16 | 16 | 42 | 73 | 119 | 67 | 74 |
Investments | 629 | 394 | 600 | 336 | 573 | 377 | 84 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 877 | 876 | 911 | 1,006 | 1,092 | 1,173 | 1,652 | 1,969 | 2,029 | 2,156 | 2,258 | 2,354 | 1,987 |
Total Assets | 2,039 | 1,799 | 2,043 | 1,884 | 2,231 | 2,097 | 2,325 | 2,529 | 2,590 | 2,739 | 2,903 | 2,902 | 3,640 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 171 | 155 | 263 | 143 | 181 | 141 | 375 | 283 | 121 | 486 | 486 | 311 |
Cash from Investing Activity | 250 | 239 | -156 | 225 | -6 | 185 | 4 | -225 | 230 | -15 | -87 | 123 |
Cash from Financing Activity | -438 | -410 | -113 | -392 | -126 | -360 | -157 | -174 | -346 | -302 | -439 | -460 |
Net Cash Flow | -17 | -16 | -6 | -24 | 50 | -34 | 222 | -116 | 6 | 170 | -41 | -26 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 48 | 42 | 49 | 58 | 53 | 56 | 54 | 62 | 57 | 53 | 53 | 52 |
Inventory Days | 86 | 95 | 89 | 107 | 84 | 85 | 107 | 135 | 129 | 95 | 100 | 95 |
Days Payable | 130 | 119 | 145 | 164 | 159 | 131 | 171 | 220 | 164 | 138 | 164 | 151 |
Cash Conversion Cycle | 4 | 17 | -7 | 1 | -22 | 9 | -10 | -23 | 22 | 11 | -10 | -3 |
Working Capital Days | -62 | -12 | -59 | 15 | 10 | 20 | -3 | -14 | 14 | 4 | -2 | 22 |
ROCE % | 16% | 25% | 26% | 27% | 40% | 24% | 27% | 22% | 28% | 35% | 42% | 42% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Aug 2025
May 2025
Mar 2025
Feb 2025
Nov 2024
Nov 2024
Aug 2024
Aug 2024
May 2024
Feb 2024
Nov 2023
Aug 2023
Aug 2023
May 2023
Feb 2023
Nov 2022
Aug 2022
Jun 2022
Aug 2021
Mar 2020
Sep 2019
Stock Analysis
Akzo Nobel India Limited is a manufacturer of paints and related products, part of the global Akzo Nobel group, recognized as the world's largest coatings company.
Akzo Nobel India benefits from its association with the global Akzo Nobel group, a leader in the coatings industry. The company has historically demonstrated a good return on equity and offers a notable dividend yield. Past performance also includes new product launches and strategic restructuring efforts.
Currently no data available for Order Book.
The company has recorded poor sales growth over the past five years. Additionally, promoter holding decreased in the most recent quarter.
Currently no data available for Key Dates To Watch.
Corporate Announcements
