JSW Dulux Limited

NSE: JSWDULUX · Unclassified

₹272.10-1.16%06 Nov 2026

Check figures: unusual quarterly results in SEP '25 (₹1,682.80 cr vs a typical ₹76.86 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about JSW Dulux Limited — computed from its filings, no language model

Market cap₹1,239 cr

Current price₹272.10

High / Low₹363 / ₹260

P/E3.5

P/B0.53

Book value₹510.2

ROE15.1%

ROCE21.2%

Debt / equity0.00

Dividend yield68.36%

EPS (TTM)₹77.11

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,719	2,662	2,421	3,149	3,802	3,962	4,091	3,599
EBITDA	299	379	341	432	525	632	642	508
Operating margin	11.0%	14.2%	14.1%	13.7%	13.8%	16.0%	15.7%	14.1%
Interest	4	9	10	14	14	12	10	12
Depreciation	58	79	76	76	82	82	89	75
Profit before tax	283	323	278	367	456	573	570	2,365
Tax	78	86	71	77	121	146	140	392
Net profit	0	0	208	290	335	427	429	1,974
EPS ₹	85.75	52.13	45.60	63.70	73.58	93.68	94.31	433.42
Operating cash flow	—	—	—	121	486	485	311	93
Capex	—	—	—	63	104	119	107	1,199
Dividend paid	—	—	—	319	273	410	433	847
Total assets	—	—	—	—	2,740	2,904	2,903	3,795
Equity	—	—	—	—	1,316	1,330	1,330	2,452

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '18	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2,719	720	634	727	581	258	607	775	781	626	741	914	867	938	926	987	951	999	956	1,033	973	1,036	982	1,050	1,022	995	835	908	883	965	962
Operating profit	299	103	73	116	87	-13	105	135	114	91	95	128	119	121	106	143	155	162	142	166	162	169	146	167	159	134	111	136	127	115	111
Operating margin	11.0%	14.4%	11.5%	16.0%	15.0%	-4.9%	17.2%	17.4%	14.6%	14.5%	12.8%	14.0%	13.8%	12.9%	11.5%	14.5%	16.3%	16.2%	14.8%	16.1%	16.6%	16.3%	14.9%	15.9%	15.6%	13.5%	13.3%	15.0%	14.4%	11.9%	11.5%
Other income	44	8	7	7	16	6	6	6	6	10	3	5	5	4	5	12	6	8	9	8	10	10	9	6	3	9	8	15	67	26	2
Interest	4	3	3	3	1	3	3	3	1	3	3	3	6	2	3	3	6	3	3	3	3	2	1	3	2	3	2	3	4	3	4
Depreciation	58	20	20	19	19	18	19	20	19	18	20	19	19	19	20	21	22	19	21	20	22	22	22	23	22	18	18	19	20	20	20
Profit before tax	283	89	56	104	74	-27	89	117	99	80	75	110	101	103	88	132	133	148	127	152	147	154	132	146	138	122	1,972	101	170	118	89
Tax	78	31	7	27	20	-7	23	30	25	4	20	27	27	27	23	34	37	38	33	38	38	40	34	38	29	31	289	27	44	38	17
Net profit	0	0	49	0	0	0	66	87	74	76	56	84	75	77	65	97	95	110	94	114	109	0	98	109	108	91	1,683	74	126	80	71
EPS ₹	85.75	12.55	10.81	16.91	11.86	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	369.51	16.32	27.60	17.51	15.68
Revenue YoY	—	—	—	—	—	-64.1%	-4.3%	6.5%	34.4%	142.3%	22.1%	18.0%	11.0%	49.7%	25.0%	7.9%	9.7%	6.6%	3.3%	4.7%	2.3%	3.7%	2.7%	1.7%	5.0%	-4.0%	-15.0%	-13.6%	-13.6%	-3.0%	15.2%
Profit YoY	—	—	—	—	—	—	34.6%	—	—	—	-15.9%	-4.1%	0.5%	1.3%	17.4%	16.2%	27.8%	42.9%	44.1%	16.8%	13.9%	-100.0%	3.9%	-4.6%	-0.2%	—	1619.6%	-31.6%	15.9%	-12.4%	-95.8%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

JSW Dulux Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,988	2,232	2,418	2,527	2,740	3,059
Operating profit	175	189	192	261	305	348
Operating margin	8.8%	8.4%	7.9%	10.3%	11.1%	11.4%
Other income	103	138	57	65	40	50
Interest	12	9	1	1	1	3
Depreciation	37	39	44	53	53	57
Profit before tax	246	279	203	275	300	342
Tax	45	60	53	89	98	95
Net profit	202	219	150	186	202	247

Quarters

showing latest 8 of 39 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	239	257	220	228	250	235	240	237	247	285	242	301	341	304	371	972	563	523	605	540	574	576	656	612	641	607	687	592	658	657	748	677	703	761	813	782	791	704	712
Operating profit	31	38	20	22	29	34	27	31	38	46	30	31	48	23	28	76	53	36	50	49	49	38	42	63	66	53	80	61	74	60	86	86	98	69	104	77	67	64	99
Operating margin	12.9%	14.9%	9.1%	9.9%	11.7%	14.5%	11.3%	13.2%	15.5%	16.1%	12.6%	10.2%	14.0%	7.7%	7.4%	7.8%	9.5%	6.9%	8.2%	9.1%	8.5%	6.5%	6.4%	10.4%	10.4%	8.7%	11.7%	10.4%	11.2%	9.1%	11.4%	12.7%	13.9%	9.1%	12.8%	9.9%	8.4%	9.1%	13.9%
Other income	6	1	2	63	13	4	62	20	10	18	20	10	34	15	15	38	36	27	24	51	10	20	4	23	29	15	7	14	8	15	9	9	12	11	9	17	7	8	18
Interest	0	1	0	1	0	2	1	0	0	0	0	0	9	0	0	3	1	0	0	7	0	1	0	0	1	0	0	0	0	0	0	0	1	0	1	1	0	1	1
Depreciation	6	6	6	5	5	6	6	6	5	5	5	6	6	6	7	18	9	10	10	10	10	10	12	12	13	13	13	14	13	14	14	13	13	13	13	17	15	16	14
Profit before tax	31	14	15	79	37	228	84	46	43	59	45	47	85	32	36	93	79	53	64	83	49	46	34	74	84	55	74	61	68	61	90	81	97	67	99	80	60	56	102
Tax	10	7	6	8	10	53	15	5	13	15	8	8	17	6	7	15	18	8	13	21	14	13	7	19	29	20	23	17	22	20	27	29	32	25	30	7	19	17	20
Net profit	21	6	10	71	27	175	69	42	30	44	37	38	68	26	29	78	61	45	51	62	35	34	27	55	55	36	51	45	45	41	63	53	64	42	69	73	41	39	83
EPS ₹	5.23	1.89	2.52	18.49	7.04	45.78	18.18	11.05	8.21	11.93	9.91	10.42	18.46	7.14	7.94	16.31	12.70	9.53	10.86	13.38	7.46	7.23	5.79	11.72	11.83	7.66	10.87	9.57	9.71	8.78	13.55	11.30	13.77	8.91	14.70	15.60	8.85	8.31	17.71
Revenue YoY	—	—	—	—	4.6%	-8.5%	5.6%	-5.2%	5.4%	18.6%	1.9%	21.5%	19.6%	25.8%	23.5%	—	65.2%	72.2%	63.0%	-44.4%	1.9%	10.1%	8.5%	13.2%	11.8%	5.3%	4.7%	-3.2%	2.7%	8.2%	8.9%	14.4%	6.8%	15.9%	8.7%	15.4%	12.5%	-7.4%	-12.4%
Profit YoY	—	—	—	—	26.4%	2646.8%	-2.4%	55.5%	-82.7%	-36.5%	-12.7%	26.8%	54.7%	-28.0%	-23.8%	—	-10.4%	70.3%	73.1%	-20.1%	-42.8%	-24.7%	-46.7%	-12.5%	58.5%	6.0%	87.9%	-18.3%	-17.9%	14.6%	24.6%	17.8%	41.8%	1.5%	8.4%	38.2%	-35.8%	-6.7%	20.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	24.2%	25.3%	25.5%	28.0%	29.7%	30.9%	32.1%	23.8%	22.5%	22.1%	23.7%	30.5%	88.3%	86.7%	80.5%	80.1%	15.1%
ROCE	—	—	—	—	—	—	—	—	—	—	33.7%	35.3%	35.7%	39.1%	41.3%	42.9%	44.0%	44.5%	41.7%	41.4%	43.6%	41.2%	105.9%	103.9%	97.0%	96.8%	21.2%
Net margin	1.9%	2.2%	3.0%	6.9%	9.4%	10.9%	10.0%	9.5%	9.2%	8.4%	8.2%	8.5%	8.8%	9.5%	10.2%	10.5%	10.8%	7.9%	8.0%	7.8%	7.7%	10.0%	51.0%	52.0%	54.5%	54.7%	9.4%
EBITDA margin	14.2%	12.0%	13.6%	14.1%	14.1%	15.9%	14.9%	13.9%	13.7%	13.4%	13.0%	13.2%	13.8%	14.7%	15.4%	15.9%	16.0%	16.0%	16.0%	15.9%	15.7%	15.0%	14.6%	14.4%	14.0%	13.6%	13.2%
Debt / equity	—	—	—	—	—	—	—	—	—	—	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
Interest coverage	35.60	22.27	26.19	27.03	28.14	39.53	36.82	36.52	26.29	28.53	28.64	31.19	33.40	34.11	38.28	38.17	46.84	51.15	57.59	56.43	59.27	54.96	221.62	227.54	196.33	196.42	34.53
Asset turnover	—	—	—	—	—	—	—	—	—	—	1.36	1.39	1.39	1.41	1.36	1.38	1.36	1.38	1.27	1.28	1.41	1.39	1.07	1.03	0.95	0.95	0.96

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	46	46	46	46	46	46	46	46	46
Other equity / reserves	1,197	1,271	1,293	1,284	1,380	1,285	2,210	2,406	2,278
Total equity	1,242	1,316	1,338	1,330	1,426	1,330	2,255	2,452	2,323
Borrowings	0	0	0	0	0	0	0	0	0
Current liabilities	1,275	1,264	1,369	1,424	1,577	1,369	1,272	1,143	1,321
Non-current liabilities	156	160	149	150	164	123	123	201	227
Total assets	2,673	2,740	2,856	2,904	3,166	2,903	3,651	3,795	3,871
Property, plant & equipment	511	507	509	523	560	479	427	461	462
Capital work-in-progress	54	73	68	119	92	67	0	49	57
Investments	0	0	0	0	0	0	0	0	0
Inventories	705	598	606	611	743	605	611	571	812
Receivables	558	552	565	575	624	585	535	603	670
Cash & equivalents	185	315	270	274	429	248	250	270	81

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	121	486	485	311	93
Cash from investing	230	-15	-86	123	804
Cash from financing	-346	-302	-439	-460	-875
Capex	63	104	119	107	1,199
Free cash flow	58	382	367	204	-1,106
Dividends paid	319	273	410	433	847

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹462 cr12%

CWIP

₹57 cr1%

Inventories

₹812 cr21%

Receivables

₹670 cr17%

Cash & equivalents

₹81 cr2%

Other assets

₹1,789 cr46%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
JSW Dulux Limited	1,239	272.10	3.5	0.53	15.1%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-10.1%

6 months-8.3%

1 year-17.6%

3Y CAGR+3.7%

5Y CAGR+5.3%

10Y CAGR+5.2%

50-day avg₹301.82

200-day avg₹300.90

RSI (14)28

FAQs

What is the share price of JSW Dulux Limited?

JSW Dulux Limited (JSWDULUX) closed at ₹272.10 on NSE on 06 Nov 2026.

What is the market cap of JSW Dulux Limited?

₹1,239 crore at the latest close.

What is the P/E ratio of JSW Dulux Limited?

3.5, on trailing-twelve-month earnings from its filings.

How fast is JSW Dulux Limited growing?

JSW Dulux Limited: revenue has compounded at -1.8% a year over three years; net profit at 80.6% a year. Latest-quarter revenue is up 15.2% year on year, profit down 95.8%.

How profitable is JSW Dulux Limited?

On a trailing-twelve-month basis return on equity is 15.1%, return on capital employed 21.2%, operating margin 13.2%, net margin 9.4%.

How much debt does JSW Dulux Limited have?

JSW Dulux Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹81 cr (balance sheet of 2026-09-30). Operating profit covers interest 34.5 times.

Financials parsed from JSW Dulux Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.