A fundamental analysis of JSW Dulux Limited (JSWDULUX) covering revenue trends, profitability, valuation, and shareholding patterns.
JSW Dulux Revenue Trend
Revenue fell 12.0% year-over-year to ₹3,599 Cr in FY2026 for JSW Dulux Limited.
Stepping back, JSW Dulux Limited's 2.1% revenue CAGR over 10 years is tepid, barely outpacing inflation.
JSW Dulux Limited's ₹3,599 Cr revenue base puts it in the mid-sized bracket among paints companies in India.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹3,599 Cr | -12.0% |
| FY2025 | ₹4,091 Cr | +3.3% |
| FY2024 | ₹3,962 Cr | +3.4% |
| FY2023 | ₹3,830 Cr | +20.8% |
| FY2022 | ₹3,171 Cr | — |
View JSW Dulux Limited's full 10-year revenue trend with CAGR analysis →
JSW Dulux Profitability
In FY2026, JSW Dulux Limited earned ₹1,974 Cr in net profit, representing 359.6% year-over-year growth.
Net margin widened to 54.8% in FY2026 — an improvement from the 10.5% recorded in FY2025.
Looking at per-share numbers, diluted EPS was ₹433.42 in FY2026 — up from ₹94.31.
Is JSW Dulux Undervalued
JSW Dulux Limited shares are currently trading at ₹3,015.50.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
JSW Dulux Shareholding Pattern
Promoters trimmed their stake from 69.8% to 61.2% over the last 4 quarters.
Foreign investors held 8.5% of the company as of June 2026, up year-over-year from 8.0%.
The DII stake stands at 22.0% as of June 2026, versus 13.8% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 61.2% | 8.5% | 22.0% | 8.3% |
| Mar 2026 | 61.2% | 8.4% | 21.8% | 8.6% |
| Dec 2025 | 61.2% | 8.7% | 20.6% | 9.6% |
| Sep 2025 | 69.8% | 8.0% | 13.8% | 8.5% |
Track quarterly shareholding changes for JSW Dulux Limited →
JSW Dulux Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹37.95B at the end of FY2026, up 30.7% from ₹29.03B a year earlier.
Intangibles & Goodwill is the largest block at 30.4%, followed by Other Assets at 20.8% and Receivables at 15.9%.
Equity makes up 64.6% of liabilities and equity, with debt at 2.1% and operating liabilities at 33.3%. Over the year, debt is up 27.4% and equity is up 84.3%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 2.70B |
| Receivables | 6.03B |
| Inventories | 5.71B |
| Property, Plant & Equipment | 4.08B |
| Intangibles & Goodwill | 11.53B |
| Other Assets | 7.90B |
| Category | Value |
|---|---|
| Equity | 24.52B |
| Short-term Debt | 160.00M |
| Long-term Debt | 631.00M |
| Trade Payables | 7.57B |
| Other Liabilities | 5.08B |
JSW Dulux — The Bottom Line
Here's the bottom line on JSW Dulux Limited (JSWDULUX) based on the latest available financials.
Revenue of ₹3,599 Cr in FY2026, down 12.0% year-over-year.
Long-term revenue has been compounding at 2.1% annually over 10 years.
The company is profitable, with a net margin of 54.8% and net income of ₹1,974 Cr.
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