NSE: JSWDULUX | BSE: 500710

Strong Performer, Getting Expensive

Download real time

3167.40 43.90 (1.41%)

37,428 NSE+BSE Volume

NSE 14 Aug, 2026 3:31 PM (IST)

14,506.1

Market Cap

Above industry Median

Beta 1Year

Very Low volatility

JSW Dulux Ltd. share price target and research reports

Name: Latest research reports of JSW Dulux Ltd. authored by Asit C Mehta Investment Interrmediates and published by - Trendlyne research reports.
Item: JSW Dulux Ltd.
Rating: 1
Author: Asit C Mehta Investment Interrmediates

Latest analyst research reports with target prices and PDF download for JSWDULUX, BSE:500710 JSW Dulux Ltd.

Search Inside the pdf :

JSW Dulux Ltd.

07 Jan 2025

3167.40

1.41%

Potential transactions announced, likely to enable the sale of decorative paints business

Sell: JSW Dulux Ltd.

Asit C Mehta Investment Interrmediates

A potential sale of the Company’s Powder Coatings business and its International Research Centre (R&D operations) to a separate indirect wholly owned subsidiary of the parent. Potential acquisition of Decorative Paints Intellectual Property/ies (owned by the parent) by Akzo Nobel India.

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

04 Nov 2023

3167.40

1.41%

Continues to be an outperformer in paints

Sell: JSW Dulux Ltd.

Target

ICICI Securities Limited

Akzo’s reported Q2FY24 was largely in line with peers with a) low-single-digit revenue growth due to erratic monsoon and shift of pre-Diwali sales to Q3FY24 and b) >300bps EBITDA margin expansion led by lower commodity prices. We reckon it continues to gain value market shares in Paints.

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

04 Aug 2023

3167.40

1.41%

Re-appointment of Rajiv Rajgopal as MD for five years; a rerating catalyst

Sell: JSW Dulux Ltd.

Recommendation Target

ICICI Securities Limited

While Akzo reported strong Q1FY24 led by strong growth across segments, we are enthused by board recommendation to re-appointment Mr. Rajiv Rajgopal as MD for five years. Rajiv had turned around Akzo Nobel India and initiated multiple investments such as increase in distribution and portfolio expansion.

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

24 May 2023

3167.40

1.41%

India Update

Buy: JSW Dulux Ltd.

ICICI Securities Limited

The Union ministry of commerce is in talks with regulators and other departments to put in place systems that will level the field between exports through e-commerce and traditional channels, when it comes to tax refunds.

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

24 May 2023

3167.40

1.41%

Likely step-jump in brand spends in FY24- 25 while protecting margins; DCF accretive

Buy: JSW Dulux Ltd.

Target

ICICI Securities Limited

Covid and RM inflation forced Akzo to cut down its ad-spend by ~200bps over FY21 23. However, with correction in commodity prices, Akzo plans to expand its ad-spend to-sales from ~1.7% in FY22-23 to ~3.5% over FY24-25. We believe it will allow Akzo to support its premium portfolio and accelerate market share gains.

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

10 Feb 2023

3167.40

1.41%

Continuing market share gain trajectory

Buy: JSW Dulux Ltd.

ICICI Securities Limited

Akzo Nobel reported market share gains for 5th consecutive quarter due to sustained efforts in distribution expansion, new product launches and good execution. Furthermore, we are enthused that it was also able to achieve this profitably - EBITDA margin expanded (50bps) whereas peers like Kansai and Berger reported EBITDA margin decline of 102bps and 239bps, respectively.

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

07 Nov 2022

3167.40

1.41%

Fourth quarter of market share gains. Period. It's not a turnaround anymore.

Buy: JSW Dulux Ltd.

Recommendation Target

ICICI Securities Limited

Akzo Nobel (revenues +25%) outperformed peers - Asian Paints (+19.4%), Kansai (+19.2%) and Indigo (+23.7%). It was broad-based revenue growth (decoratives, industrials, automotive), in our opinion.

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

07 Nov 2022

3167.40

1.41%

All-round beat in P&L. Can't say the same about Balance Sheet though

Buy: JSW Dulux Ltd.

Recommendation Target

ICICI Securities Limited

Britannia’s volumes +5%, price+mix +17%, revenues +22% - all surprised consensus positively. We believe amidst a not-so-buoyant demand backdrop, it continues to drive (1) market shares gains (15-year high) in weak markets and (2) distribution expansion (rural markets).

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

27 Sep 2022

3167.40

1.41%

Pick of the week Akzo Nobel India Ltd 27-09-2022

Buy: JSW Dulux Ltd.

SBI Securities

JSW Dulux Ltd. is trading above all available SMAs

JSW Dulux Ltd.

08 Aug 2022

3167.40

1.41%

Third straight quarter of market share gains in decorative paints

Accumulate: JSW Dulux Ltd.

ICICI Securities Limited

Akzo’s revenue growth (49.7%) was higher than peers like Kansai (46.2%) and Indigo (43.6%) and it has likely gained market shares in decorative paints for third consecutive quarter.

JSW Dulux Ltd. is trading above all available SMAs

Is Akzo Nobel India Ltd. worth buying?

108 Votes:

Buy 80.56%

Sell 10.19%

Hold 9.26%