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JSW Dulux Limited (JSWDULUX.BO)

INR2,950.35 +59.80 (+2.07%)
IN BSE Industrials Industrial - Specialties
Address Gurgaon, IN
CEO Rajiv Rajgopal
IPO 2026-04-06
ISIN INE133A01011

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Also trades on Bombay Stock Exchange · AKZOINDIA.BO (INR) Bombay Stock Exchange · JSWDULUX.BO (INR) National Stock Exchange of India · AKZOINDIA.NS (INR) National Stock Exchange of India · JSWDULUX.NS (INR)
Description

Based in Gurgaon, India, JSW Dulux Ltd., established in 1911, is a prominent manufacturer and seller of various paints and coatings. Its comprehensive product line includes decorative finishes, specialized automotive coatings, powder coatings, industrial applications, and marine and protective solutions.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,950.35 +59.80 (+2.07%)
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Volume Profile
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Liquidity & share structure
Average Volume
368.5K
Beta
0.39
Float Shares
21.85M
Free Float %
48.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+7.86% +4.88% +6.61% +7.22% -5.12% -0.84% -5.11% +28.01% +38.10% +105.28% +2,223.06%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,950.35
DCF (Unlevered) 1,416.93 -52.0%
DCF (Levered) 787.80 -73.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
9.24
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Specialties: +7.4%
    -11.5% Q1'26: -11.3% (vs Q1'25)
  • EPS growth Industrial - Specialties: +14.1%
    +359.6% Q1'26: +16.0% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Specialties: +45.6%
    -8.5% Q1'26: -24.8% (vs Q1'25)
  • EBIT margin Industrial - Specialties: +10.1%
    +12.0% Q1'26: +12.1% (vs Q1'25)
  • ROIC Industrial - Specialties: +6.4%
    +16.4% Q1'26: +14.4% (vs Q1'25)
  • Share dilution Industrial - Specialties: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Specialties: -0.19×
    0.16× Q1'26: 0.16× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.41) × ERP
WACC = 99% × Ke + 1% × Kd (15.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,416.93 Current price: 2,950.35
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
40.65B
est: 40.92B (-0.7%)
35.99B
35.99B – 35.99B
-12.0% YoY
40.34B
40.34B – 40.34B
+12.1% YoY
44.73B
44.73B – 44.73B
+10.9% YoY
EBITDA
6.68B
est: 5.97B (+11.9%)
5.26B
5.26B – 5.26B
-12.0% YoY
5.89B
5.89B – 5.89B
+12.1% YoY
6.53B
6.53B – 6.53B
+10.9% YoY
EBIT
5.79B
est: 5.26B (+10.1%)
4.62B
4.62B – 4.62B
-12.0% YoY
5.18B
5.18B – 5.18B
+12.1% YoY
5.75B
5.75B – 5.75B
+10.9% YoY
Net Income
4.30B
est: 4.31B (-0.4%)
3.27B
3.27B – 3.27B
-24.0% YoY
4.40B
4.40B – 4.40B
+34.5% YoY
4.90B
4.90B – 4.90B
+11.4% YoY
SGA
4.56B
est: 5.08B (-10.1%)
4.47B
4.47B – 4.47B
-12.0% YoY
5.01B
5.01B – 5.01B
+12.1% YoY
5.55B
5.55B – 5.55B
+10.9% YoY
EPS
94.31
est: 94.65 (-0.4%)
71.90
71.90 – 71.90
-24.0% YoY
96.70
96.70 – 96.70
+34.5% YoY
107.70
107.70 – 107.70
+11.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-27 A- 4/5 3/5 5/5 5/5 3/5 3/5 1/5
2026-05-26 B+ 3/5 1/5 5/5 5/5 3/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
45.81M
OE per share TTM
1.00
Owner's Yield
0.03%
Maintenance CapEx ratio
7.65%
Maint CapEx / Avg PPE
16.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 23 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 2.07M 0.06%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 70.9K 0.48%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 159.8K 0.26%
4 Vanguard FTSE Emerging Markets ETF VWO 0.00% 7.89M 0.06%
5 iShares Core MSCI Emerging Markets IMI Index ETF XEC.TO 0.00% 122.4K 0.28%
6 Vanguard ESG International Stock ETF VSGX 0.00% 130.5K 0.10%
7 Vanguard Total International Stock ETF VXUS 0.00% 6.39M 0.05%
8 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 12.7K 0.22%
9 iShares Core MSCI All-Country World ex Canada Index ETF XAW.TO 0.00% 15.8K 0.22%
10 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 7.3K 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.28M
Shares Outstanding
45.54M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Rajiv Rajgopal MD, Chairman of the Board & Director of Decorative Paints - South Asia 47M male
Rohit Ghanshyamdas Totla Director of Sales & Marketing-Decorative Paints and Whole-Time Director 26M male
Krishna Rallapalli Wholetime Director & Chief Financial Officer 19M male
Shrikant Choubey GM & Head of Project Management Group 3M male
Sanatan Hajra Head of RD&I male
Sumit Khatuja Hub Manager male
Vandana Krishnia Head of Marketing female
Neelima Kataria Director of HR female
Rajiv Lochan Jha Company Secretary & Compliance Officer male
Roop Loomba Senior Legal Counsel female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits