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Akzo Nobel

Akzo Nobel

3,356.60
-28.40
(-0.84%)
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Key Fundamentals
Add Ratio
Market Cap
15,286.06 Cr
EPS
94.31
PE Ratio
7.75
Dividend Yield
2.95 %
Industry
Consumer Goods
52 Week High
3,957.90
52 Week Low
3,022.00
PB Ratio
6.84
Debt to Equity
0.05
Sector
Paints
Analyst Rating and Forecast
- By Refinitiv from2 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+50.00 %
+50.00 %
Hold
Hold+50.00 %
+50.00 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

View All News
Caret
neutral
Morgan Stanley Publishes Post-Offer Advertisement for Akzo Nobel India Open Offer Completion10 days ago
Morgan Stanley India published a post-offer advertisement on November 14, 2025, marking the completion of an open offer to acquire up to 1,18,40,482 equity shares (26.0% voting share capital) of Akzo Nobel India Limited at INR 3231.77 per share by SWP Paints Limited and associated entities. The advertisement was published in Financial Express and Dainik Statesman newspapers and shared with stock exchanges, completing regulatory requirements under SEBI takeover regulations.
neutral
JSW Paints Enters Debenture Trust Deed for AkzoNobel India Acquisition FinancingNov 13, 2025
JSW Paints Limited entered into a debenture trust deed with Axis Trustee Services Limited on October 30, 2025, to raise funds for acquiring AkzoNobel India Limited. The arrangement involves issuance of INR-denominated, senior, unsecured, rated, listed and redeemable non-convertible debentures for up to INR 3,300 crores. JSW Paints has a share purchase agreement dated June 27, 2025, with existing promoters Imperial Chemical Industries Limited and AkzoNobel Coatings International B.V. to acquire their entire shareholding in AkzoNobel India. Upon completion, JSW will become the promoter of AkzoNobel India and exercise control over the company. The debenture trust deed imposes certain restrictions on AkzoNobel India's business activities including limitations on amalgamations, asset disposals, creating security over assets, incurring financial indebtedness, and material changes to business nature. These restrictions will be effective from the acquisition closing date and require debenture trustee consent or compliance with specified parameters for certain corporate actions.
neutral
AkzoNobel India Reports 3% Volume Growth Despite 1.5% Revenue Decline in Q2FY26Nov 13, 2025
AkzoNobel India Limited reported quarterly results showing 3% volume growth across decorative and industrial coatings segments, though overall revenue declined 1.5% to INR 834.9 crores. The company achieved mid-single digit growth in premium decorative paints and premium automotive specialty coatings. Gross margins stood at 41.3%, impacted by product mix and raw material inflation in coatings business. EBIT margin remained stable at 11.1% due to disciplined cost management. The company implemented price corrections of 1.5-2% in September and October to improve competitiveness. Management cited weather disruptions and competitive intensity as challenges, particularly in mass market segments. Cash generation improved significantly with INR 277 crores generated. The results exclude Powder Coatings and International Research Center businesses which were divested in July 2025. Management expects double-digit volume growth and high single-digit revenue growth in the next quarter, maintaining EBITDA margin guidance of 14-16%. The company is preparing for integration with JSW Group following the acquisition.
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Peer Comparison Compare Peers on Screener

Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
Asian Paints
2,879.20
#1 2,76,172.23
69.18
#1 34,478.20
-4.71
#1 3,710
46.78
75.72
Berger Paints
579.30
67,540.28
63.67
11,639.50
3.35
1,183
-23.53
63.88
Kansai Nerolac Paints
231.99
18,756.45
17.42
7,962.10
0.87
1,109
11.27
27.09
Akzo Nobel
3,356.60
#4 15,286.06
#2 7.75
#4 4,118.80
#6 3.04
#4 430
#1 1,618.90
53.30
Indigo Paints
1,276.35
6,085.08
43.06
1,359.20
2.95
142
13.45
69.38
Sirca Paints
516.80
2,832.52
51.99
379.20
19.21
49
36.09
52.63
Shalimar Paints
67.20
562.54
#1 -8.97
608.90
12.14
-80
28.06
28.88
Kamdhenu Ventures
6.97
219.11
40.11
266.70
-8.85
7
-16.67
13.69
Siddhika Coatings
230.20
142.24
16.02
51.80
#1 32.48
9
20.80
57.73
Retina Paints
64.02
98.23
139.58
21.00
21.39
1
88.89
35.94

Automatic Screeners on ScanX

Community
Support 1 Breached
Growth Rate
Revenue Growth
3.04 %
Net Income Growth
0.68 %
Cash Flow Change
-35.94 %
ROE
0.65 %
ROCE
0.86 %
EBITDA Margin (Avg.)
-2.75 %

Quarterly Financial Results

Quarterly Financials
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
725
722
793
721
728
641
738
597
265
613
780
787
636
744
919
874
942
931
999
958
1,007
965
1,041
984
1,046
991
1,057
1,025
1,004
2,717
Expenses
643
649
682
602
616
561
611
503
271
502
640
668
536
646
787
748
817
820
844
797
837
815
866
812
867
836
884
863
861
724
EBITDA
82
74
111
119
111
80
127
94
-7
110
141
120
100
98
133
126
125
111
155
161
170
151
175
172
179
156
173
162
144
1,993
Operating Profit %
10 %
9 %
13 %
15 %
14 %
11 %
16 %
13 %
-5 %
17 %
17 %
15 %
14 %
13 %
14 %
14 %
13 %
11 %
14 %
16 %
16 %
15 %
16 %
17 %
16 %
15 %
16 %
16 %
14 %
13 %
Depreciation
15
15
17
19
20
20
19
19
18
19
20
19
18
20
19
19
19
20
21
23
19
21
20
22
22
22
23
22
18
18
Interest
1
1
2
1
3
3
3
1
3
3
3
2
3
3
3
6
2
3
3
6
3
3
3
3
3
2
3
3
3
2
Profit Before Tax
66
58
92
99
89
56
104
74
-27
89
117
99
80
75
110
102
104
88
132
133
148
127
152
147
154
132
146
138
123
1,972
Tax
22
21
32
29
31
7
27
20
-7
23
30
25
4
20
27
27
27
23
34
37
38
33
38
38
40
34
38
29
32
289
Net Profit
44
37
60
70
57
49
77
54
-20
66
87
74
76
56
84
75
77
65
97
95
110
94
114
109
115
98
109
108
91
1,683
EPS in ₹
9.32
8.01
13.26
15.45
12.55
10.81
16.91
11.87
-4.45
14.56
19.18
16.31
16.67
12.24
18.40
16.39
16.88
14.37
21.39
20.94
24.12
20.70
24.99
23.87
25.17
21.49
23.85
23.80
19.98
369.52
Above figures are in Rs. Crores

Balance Sheet

Balance Sheet
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
2,044
1,885
2,233
2,098
2,326
2,530
2,592
2,741
2,904
2,903
Fixed Assets
523
519
539
530
574
543
520
511
526
481
Current Assets
1,382
1,203
1,530
1,410
1,550
1,748
1,760
1,868
1,922
2,001
Capital Work in Progress
9
23
27
17
16
17
42
73
119
67
Investments
600
336
573
377
84
1
0
0
0
0
Other Assets
912
1,007
1,094
1,174
1,652
1,970
2,030
2,157
2,259
2,355
Total Liabilities
2,044
1,885
2,233
2,098
2,326
2,530
2,592
2,741
2,904
2,903
Current Liabilities
793
793
869
885
948
1,105
1,184
1,264
1,424
1,450
Non Current Liabilities
88
82
73
77
140
137
148
160
151
123
Total Equity
1,163
1,010
1,291
1,136
1,238
1,288
1,260
1,316
1,330
1,330
Reserve & Surplus
1,117
963
1,244
1,091
1,193
1,243
1,214
1,271
1,284
1,285
Share Capital
47
47
47
46
46
46
46
46
46
46
Above figures are in Rs. Crores

Cash Flow

Cash Flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-6
-24
51
-36
221
-115
6
170
-41
-26
Investing Activities
-156
225
-6
185
4
-225
230
-15
-87
123
Operating Activities
263
143
183
139
374
283
121
486
486
311
Financing Activities
-113
-392
-126
-360
-157
-174
-346
-302
-439
-460
Above figures are in Rs. Crores

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
74.76 %
69.76 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
3.14 %
0.00 %
3.42 %
3.62 %
3.74 %
3.85 %
3.67 %
3.70 %
7.97 %
DIIs
10.96 %
10.85 %
10.74 %
10.62 %
10.48 %
10.35 %
9.55 %
9.21 %
8.99 %
8.68 %
8.61 %
8.44 %
8.37 %
8.28 %
8.11 %
8.05 %
8.50 %
8.57 %
13.77 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
6.82 %
6.86 %
6.95 %
6.76 %
6.86 %
6.91 %
7.37 %
7.10 %
7.02 %
7.06 %
6.98 %
6.91 %
6.80 %
6.86 %
6.86 %
6.80 %
6.61 %
6.50 %
6.34 %
Others
7.46 %
7.53 %
7.55 %
7.87 %
7.90 %
7.98 %
8.32 %
8.94 %
9.23 %
9.50 %
6.51 %
9.89 %
6.65 %
6.47 %
6.53 %
6.54 %
6.47 %
6.48 %
2.16 %
No of Share Holders
0
39,934
41,318
42,585
43,411
45,780
45,746
45,480
43,735
45,231
46,657
47,322
46,712
46,662
45,906
48,266
48,140
48,922
48,226

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 22 22 24 14 50 75 65 75 100
Dividend Yield (%) 0.00 1.23 1.22 1.08 0.61 2.62 3.25 2.73 2.08 2.95

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
19 Feb 2021 DIVIDEND Dividend
₹ 20.00 /share
 17 Feb 2021 2,270.60 2,144.80
06 Aug 2021 DIVIDEND Dividend
₹ 30.00 /share
 05 Aug 2021 2,265.80 2,219.80
23 Feb 2022 DIVIDEND Dividend
₹ 40.00 /share
 22 Feb 2022 1,886.90 1,920.25
29 Jul 2022 DIVIDEND Dividend
₹ 35.00 /share
 28 Jul 2022 1,732.10 1,983.75
21 Feb 2023 DIVIDEND Dividend
₹ 25.00 /share
 21 Feb 2023 2,229.65 2,205.50
27 Jul 2023 DIVIDEND Dividend
₹ 40.00 /share
 27 Jul 2023 2,440.90 2,712.65
03 Aug 2023 ANNUAL GENERAL MEETING Annual General Meeting
NA
 03 Aug 2023 2,440.90 2,777.90
16 Feb 2024 DIVIDEND Dividend
₹ 50.00 /share
 16 Feb 2024 2,729.00 2,803.15
25 Jul 2024 DIVIDEND Dividend
₹ 25.00 /share
 25 Jul 2024 2,553.95 2,827.45
01 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
 01 Aug 2024 2,553.95 2,974.60
07 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 07 Nov 2024 4,212.20 4,224.15
20 Nov 2024 DIVIDEND Dividend
₹ 70.00 /share
 19 Nov 2024 4,224.15 3,645.60
07 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 07 Feb 2025 3,735.35 3,628.45
14 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 14 May 2025 3,454.30 3,485.20
25 Jul 2025 DIVIDEND Dividend
₹ 30.00 /share
 25 Jul 2025 3,485.20 3,872.50
04 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 04 Aug 2025 3,636.20 3,635.90
04 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
 04 Aug 2025 3,485.20 3,635.90
11 Aug 2025 DIVIDEND Dividend
₹ 156.00 /share
 11 Aug 2025 3,635.90 3,646.75
06 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
 06 Nov 2025 3,347.15 3,240.90

Announcements

Post-Offer Advertisement10 days ago
Regulation 30 AndNov 13, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 12, 2025
Disclosure Under Regulation 30 And 30A Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (LODR) Read With Clause 5 And Clause 5A Of Para A Of Part A Of Schedule III Of LODRNov 12, 2025
Board Meeting Outcome for Akzo Nobel India Board Approves Related Party Transactions With Akzo Nobel N.V.Nov 12, 2025
Re-Lodgement Of Transfer Requests Of Physical Shares - Monthly UpdateNov 11, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 07, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 07, 2025
Unaudited Results For The Quarter And Half Year Ended 30 Sep 2025Nov 06, 2025
Board Meeting Outcome for Akzo Nobel India Announces Unaudited Financial Results For Quarter And Half Year Ended 30Th September 2025Nov 06, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 29, 2025
Receipt Of Show Cause Notice From West Bengal GST DeptOct 23, 2025
Updates on Open OfferOct 20, 2025
Announcement under Regulation 30 (LODR)-Public Announcement-Open OfferOct 17, 2025
Board Meeting Intimation for Quarterly Financial ResultsOct 15, 2025
Open Offer UpdateOct 14, 2025
Letter of OfferOct 14, 2025
Show Cause Notice From Maharashtra GST DeptOct 10, 2025
Re-Lodgement Of Transfer Requests Of Physical Shares - Monthly UpdateOct 08, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Show Cause Notice From Gujarat GST DeptOct 04, 2025
Receipt Of Show Cause Notice From Tamil Nadu GST DeptOct 01, 2025
Receipt Of Show Cause Notice From Punjab GST DeptOct 01, 2025
Receipt Of 2Nd Show Cause Notice From Karnataka GST DeptOct 01, 2025
Receipt Of Show Cause Notice From Karnataka GST DeptOct 01, 2025
Receipt Of Show Cause Notice From Telangana GST DeptOct 01, 2025
Closure of Trading WindowSep 29, 2025
Receipt Of Show Cause Notice From Kerala GST DeptSep 26, 2025
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Sep 26, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 25, 2025
Sale Of Shares By One Of The PromotersSep 25, 2025
Receipt Of Show Cause Notice From MP GST DeptSep 25, 2025
Receipt Of Show Cause Notice From Bihar GST DeptSep 25, 2025
Approval Of Competition Commission Of India (CCI)Sep 17, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 12, 2025
Re-Lodgement Of Transfer Requests Of Physical Shares- Monthly UpdateSep 11, 2025
Re-Lodgement Of Transfer Requests Of Physical Shares - Monthly UpdateSep 11, 2025
Receipt Of Show Cause Notice From Bihar GST DeptSep 11, 2025
Demand Order From GST Dept Navi MumbaiAug 30, 2025
Receipt Of Amnesty Order From Karnataka GST DeptAug 26, 2025
Receipt Of Appeal Order From Chandigarh Central Excise And Service Tax DeptAug 13, 2025
Transcript Of 71St AGM Of The CompanyAug 11, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 08, 2025
Receipt Of Appeal Order From Tamil Nadu GST DeptAug 07, 2025
Appointment Of Secretarial AuditorAug 05, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 05, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 05, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 05, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 05, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
HDFC Small Cap Fund Direct- Growth
0.38%
242186
0.20%
0.19%
HDFC Multi Cap Fund Direct - Growth
0.53%
225471
0.35%
0.34%
NJ ELSS Tax Saver Scheme Direct - Growth
4.80%
45406
4.80%
4.80%
UTI MNC Fund Direct-Growth
0.79%
5000
0.03%
0.01%
UTI Dividend Yield Fund Direct-Growth
0.90%
4833
0.00%
0.01%
Baroda BNP Paribas Business Conglomerates Fund Direct-Growth
1.02%
1800
0.03%
1.02%
Baroda BNP Paribas Value Fund Direct - Growth
0.84%
1572
0.02%
0.84%
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth
0.14%
171
-0.01%
0.14%
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth
0.14%
162
-0.01%
0.14%
Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth
0.19%
50
-0.01%
0.19%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth
0.14%
49
-0.01%
0.14%
HDFC Nifty Smallcap 250 Index Fund Direct-Growth
0.14%
39
-0.01%
0.14%
Motilal Oswal Nifty 500 Index Fund Direct - Growth
0.01%
19
0.00%
0.01%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth
0.14%
17
-0.01%
0.14%
SBI Nifty 500 Index Fund Direct-Growth
0.01%
-12
0.00%
0.01%
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth
0.03%
-7
-0.01%
0.03%
Kotak Nifty Smallcap 250 Index Fund Direct-Growth
0.14%
6
-0.01%
0.14%
SBI Nifty Smallcap 250 Index Fund Direct - Growth
0.14%
6
-0.01%
0.14%
Groww Nifty Smallcap 250 Index Fund Direct - Growth
0.14%
6
-0.01%
0.14%
ICICI Prudential Nifty 500 Index Fund Direct-Growth
0.01%
2
0.00%
0.01%
HDFC Nifty500 Multicap 50:25:25 Index Fund Direct-Growth
0.03%
-2
-0.01%
0.03%
Groww Nifty Total Market Index Fund Direct - Growth
0.01%
1
0.00%
0.00%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
-0.01%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.00%
0
0.00%
-0.42%
HDFC Housing Opportunities Fund Direct - Growth
2.20%
0
-0.11%
-0.19%

Technical Indicators

RSI(14)
Neutral
58.10
ATR(14)
Less Volatile
67.02
STOCH(9,6)
Overbought
82.87
STOCH RSI(14)
Overbought
95.53
MACD(12,26)
Bullish
15.14
ADX(14)
Weak Trend
23.40
UO(9)
Bearish
60.43
ROC(12)
Uptrend And Accelerating
4.49
WillR(14)
Overbought
-16.48
Bearish
5
Neutral
2
Bullish
2
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