| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 965 | 995 | −3.0% |
| EBITDA | 115 | 134 | −14.4% |
| EBITDA margin | 11.9% | 13.5% | −1.6 pts |
| Profit before tax | 118 | 122 | −3.9% |
| Net profit | 79.7 | 91.0 | −12.4% |
| EPS | ₹17.51 | ₹19.98 | −12.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,258 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 270 | 270 | 248 | 274 | 315 | ||
| 988 | — | — | — | — | ||
| 3,591 | 3,599 | 4,091 | 3,962 | 3,802 | ||
| — | −12.0% | +3.3% | +4.2% | — | ||
| 489 | 508 | 642 | 632 | 525 | ||
| 13.6% | 14.1% | 15.7% | 16.0% | 13.8% | ||
| 412 | 433 | 552 | 550 | 443 | ||
| 1,963 | 1,974 | 429 | 427 | 335 | ||
| 54.7% | 54.8% | 10.5% | 10.8% | 8.8% | ||
| ₹430.95 | ₹433.41 | ₹94.31 | ₹93.67 | ₹73.59 | ||
| — | +359.6% | +0.7% | +27.3% | — | ||
| — | 93.3 | 311 | 485 | 486 | ||
| — | −1,199 | −107 | −119 | −104 | ||
| −1,106 | −1,106 | 204 | 367 | 382 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,257.8 | |
| - Cash, Equiv & ST Investments | 314.7 | 273.7 | 248.2 | 269.8 | 269.8 | |
| Enterprise Value | — | — | — | — | 988.0 | |
| Revenue | 3,802.1 | 3,961.6 | 4,091.2 | 3,599.2 | 3,590.9 | |
| Growth %, YoY | — | +4.2 | +3.3 | -12.0 | — | |
| EBITDA | 525.1 | 632.0 | 641.5 | 508.5 | 489.1 | |
| Margin % | 13.81 | 15.95 | 15.68 | 14.13 | 13.62 | |
| EBIT | 442.6 | 549.7 | 552.1 | 433.2 | 411.7 | |
| Net Income | 335.1 | 426.6 | 429.5 | 1,973.8 | 1,962.5 | |
| Margin % | 8.81 | 10.77 | 10.50 | 54.84 | 54.65 | |
| EPS, Adj (current shares) | 73.59 | 93.67 | 94.31 | 433.41 | 430.95 | |
| Growth %, YoY | — | +27.3 | +0.7 | +359.6 | — | |
| Cash from Operations | 486.2 | 485.5 | 311.0 | 93.3 | — | |
| Capital Expenditures | -104.3 | -118.5 | -106.5 | -1,199.0 | — | |
| Free Cash Flow | 382.0 | 366.9 | 204.5 | -1,105.7 | -1,105.7 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
JSW Dulux (NSE: JSWDULUX) had a market capitalisation of ₹1,204 crore at the 29 October 2026 close (₹264.40 a share), a PE ratio of 0.6 on the last four quarters' profit and a price-to-book ratio of 0.49. In FY26 its consolidated net profit was ₹1,974 crore on revenue of ₹3,599 crore; in Q1 FY27 (April–June 2026) it was ₹79.7 crore, down 12.4% year on year. It had no borrowings on 31 March 2026. Promoters held 61.20% of the shares on 30 September 2026.
JSW Dulux's PE ratio is 0.6 at the 29 October 2026 close (₹264.40 a share): a market capitalisation of ₹1,204 crore divided by consolidated net profit of ₹1,963 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹1,974 crore) it is 0.6. These four quarters include net exceptional items of ₹1,846 crore (one-off gains reported separately), so the ratio on recurring profit would differ.
JSW Dulux's price-to-book (PB) ratio is 0.49 at the 29 October 2026 close: a market capitalisation of ₹1,204 crore divided by shareholders' equity (book value) of ₹2,452 crore on 31 March 2026. That is a book value of ₹538.35 per share against a share price of ₹264.40.
In FY26, JSW Dulux's return on equity (ROE) was 104.4% and its return on capital employed (ROCE) was 20.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 32.3% and ROCE 36.6%.
JSW Dulux's market capitalisation was ₹1,204 crore at the 29 October 2026 close: 4.55 crore shares at ₹264.40 each.
Yes. JSW Dulux had no borrowings on 31 March 2026 (consolidated balance sheet), and it held ₹324 crore of cash, bank balances and current investments.
JSW Dulux's debt-to-equity ratio was 0.00 on 31 March 2026: no borrowings against total equity of ₹2,452 crore. A year earlier, on 31 March 2025, it was 0.00.
JSW Dulux's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,452 crore on 31 March 2026, up 84.3% from ₹1,330 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,204 crore at the 29 October 2026 close.
JSW Dulux's book value per share was ₹538.35 on 31 March 2026: shareholders' equity of ₹2,452 crore divided by the 4.55 crore shares in issue, up 84.3% from ₹292.10 a year earlier. The share price at the 29 October 2026 close was ₹264.40.
In FY26, JSW Dulux generated ₹93.3 crore of cash from operations and spent ₹1,199 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹1,106 crore. In FY25 it was ₹204 crore.
JSW Dulux's basic earnings per share (EPS) were ₹433.42 in FY26, against ₹94.31 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹430.94.
In 2026, JSW Dulux has declared one dividend: ₹50 with record date 3 July 2026.
JSW Dulux will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
JSW Dulux's dividend yield is 18.91% at the 29 October 2026 close: dividends of ₹50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹264.40. They were ₹50 on 3 July 2026.
Promoters held 61.20% of JSW Dulux on 30 September 2026, unchanged from the previous quarter and down 8.56 percentage points from 69.76% a year earlier, according to the shareholding pattern filed with NSE.
JSW Dulux's latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹79.7 crore, down 12.4% from ₹91 crore in Q1 FY26; revenue from operations ₹965 crore, down 3.0% year on year.
On 30 September 2026, JSW Dulux's shares were held by promoters 61.20%, foreign portfolio investors (FII/FPI) 8.01%, domestic institutions (DII) 22.05% (including mutual funds at 18.93%) and retail and other non-institutional investors 8.74%. Over the year, FII holding was up 0.04 percentage points from 7.97% and DII holding was up 8.28 percentage points from 13.77%.
In FY26 (April 2025–March 2026), JSW Dulux's consolidated net profit was ₹1,974 crore, up 359.6% from ₹429 crore in FY25, on revenue from operations of ₹3,599 crore (down 12.0%). Over three years, from FY23, net profit was up 489.0%.
At the 29 October 2026 closing prices, on FY26 net profit, JSW Dulux's PE ratio is 0.6, the lowest of the four: Asian Paints 51.4, Berger Paints India 48.1 and Kansai Nerolac Paints 24.2, a peer average of 41.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Asian Paints, Berger Paints India and Kansai Nerolac Paints: JSW Dulux's operating margin of 12.0% is the third highest of the four (Asian Paints 15.4%, Berger Paints India 12.1%, Kansai Nerolac Paints 9.3%; peer average 12.3%); its return on equity of 104.4% is the highest of the four (Asian Paints 21.2%, Berger Paints India 17.2%, Kansai Nerolac Paints 9.0%; peer average 15.8%); its revenue growth over three years of −1.8% a year is the lowest of the four (Asian Paints 1.1% a year, Berger Paints India 4.0% a year, Kansai Nerolac Paints 2.2% a year; peer average 2.4% a year).
In FY26, JSW Dulux earned net profit of ₹1,974 crore on revenue of ₹3,599 crore, against ₹4,325 crore on ₹35,584 crore for Asian Paints. JSW Dulux's operating margin was 12.0% (Asian Paints 15.4%) and its return on equity 104.4% (Asian Paints 21.2%). At the 29 October 2026 close, JSW Dulux's market capitalisation was ₹1,204 crore against ₹2,22,534 crore for Asian Paints, and its PE ratio on FY26 profit 0.6 against 51.4.
From JSW Dulux's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.