A fundamental analysis of Akzo Nobel India Ltd. (AKZOINDIA) covering revenue trends, profitability, valuation, and shareholding patterns.
Akzo Nobel India Revenue Trend
Revenue for Akzo Nobel India Ltd. fell 12.6% year-over-year to ₹3,599 Cr in FY2026.
Zooming out, the 10-year revenue CAGR of 2.1% is tepid at best, barely keeping pace with inflation.
At ₹3,599 Cr, Akzo Nobel India Ltd. sits in the mid-sized bracket among paints companies in India.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹3,599 Cr | -12.6% |
| FY2025 | ₹4,119 Cr | +3.0% |
| FY2024 | ₹3,997 Cr | +4.4% |
| FY2023 | ₹3,830 Cr | +20.8% |
| FY2022 | ₹3,171 Cr | — |
View Akzo Nobel India Ltd.'s full 10-year revenue trend with CAGR analysis →
Akzo Nobel India Profitability
Akzo Nobel India Ltd. posted net profit of ₹1,974 Cr in FY2026, a 359.6% year-over-year increase.
Net margin widened sharply to 54.8% in FY2026, up from 10.4% in FY2025.
On a per-share basis, diluted EPS came in at ₹433.42 in FY2026, compared to ₹94.31 in the prior year.
Is Akzo Nobel India Undervalued
The P/E Ratio model pegs Akzo Nobel India Ltd.'s fair value at ₹15,359, which is 414.2% upside from the current price.
Shares of Akzo Nobel India Ltd. are currently trading at ₹2,986.80.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models, with the full breakdown and assumptions available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹15,359 | 414.2% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Akzo Nobel India Ltd. with detailed assumptions →
Akzo Nobel India Shareholding Pattern
Promoters have trimmed their stake from 74.8% to 61.2% over the last 4 quarters.
Foreign investors held 8.7% of the company as of December 2025, a notable rise from 3.7% a year earlier.
DII ownership stood at 20.6% as of December 2025, up from 8.5% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Dec 2025 | 61.2% | 8.7% | 20.6% | 9.6% |
| Sep 2025 | 69.8% | 8.0% | 13.8% | 8.5% |
| Jun 2025 | 74.8% | 3.7% | 8.6% | 13.0% |
| Mar 2025 | 74.8% | 3.7% | 8.5% | 13.1% |
Track quarterly shareholding changes for Akzo Nobel India Ltd. →
Akzo Nobel India Balance Sheet
Proportional view as of 13 Apr 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 |
Akzo Nobel India — The Bottom Line
Here is the bottom line on Akzo Nobel India Ltd. (AKZOINDIA) based on the latest available financials.
FY2026 revenue came in at ₹3,599 Cr, down 12.6% year-over-year.
Long-term revenue has compounded at 2.1% annually over 10 years.
The business is profitable, with net income of ₹1,974 Cr and a net margin of 54.8%.
The P/E Ratio model implies 414.2% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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