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Akzo Nobel India Limited
(AKZOINDIA)
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Rating:70Outperform
Price Target:
₹3,486.00
▲(9.57% Upside)
Action:Upgraded
Date:08/17/26
Overall score reflects a strong valuation (low P/E and high dividend yield) and supportive technical momentum (price above key moving averages with positive MACD). These positives are balanced by mixed financial performance: revenue and margins weakened, FY2026 profit appears distorted by a likely one-off, and cash flow conversion is weak versus reported earnings.
Positive Factors
Conservative Balance Sheet
Minimal leverage reduces interest and refinancing risk, giving Akzo Nobel India financial flexibility to withstand downturns and fund operations or investment without relying heavily on additional debt.
Negative Factors
Revenue Contraction
The reversal from prior growth weakens operating leverage and signals pressure on demand, market share or product mix. Sustained contraction could limit scale benefits and make earnings recovery dependent on renewed volume growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Minimal leverage reduces interest and refinancing risk, giving Akzo Nobel India financial flexibility to withstand downturns and fund operations or investment without relying heavily on additional debt.
Read all positive factors
Akzo Nobel India Limited (AKZOINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹143.07B
Dividend Yield8.24%
Average Volume (3M)2.11K
Price to Earnings (P/E)6.9
Beta (1Y)0.50
Revenue Growth-11.34%
EPS Growth383.49%
CountryIN
Employees1,500
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)437.15
Shares Outstanding45,540,314
10 Day Avg. Volume1,307
30 Day Avg. Volume2,108
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)5.28
Price to Sales (P/S)3.60
P/FCF Ratio278.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)90.25
Revenue Forecast (FY)₹40.33B
Akzo Nobel India Limited Business Overview & Revenue Model
Company Description
Akzo Nobel India Limited specializes in the production, distribution, and sale of paint and coating solutions, serving both the Indian domestic market and international clientele. The company offers a comprehensive range of products, including mar...
How the Company Makes Money
Akzo Nobel India Limited primarily makes money by manufacturing, marketing, and selling paints and coatings in India. Its revenue model is largely product-sales driven and can be understood through two main streams: (1) Decorative paints: The comp...
Akzo Nobel India Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.76B | 35.99B | 40.65B | 39.37B | 37.77B | 31.09B |
| Gross Profit | 13.92B | 11.02B | 16.04B | 15.69B | 14.83B | 12.26B |
| EBITDA | 24.70B | 24.53B | 6.68B | 6.66B | 5.49B | 4.54B |
| Net Income | 19.91B | 19.74B | 4.29B | 4.27B | 3.35B | 2.90B |
Balance Sheet | ||||||
| Total Assets | 36.51B | 37.95B | 29.03B | 29.04B | 27.41B | 25.92B |
| Cash, Cash Equivalents and Short-Term Investments | 2.83B | 3.36B | 2.87B | 5.14B | 5.53B | 4.47B |
| Total Debt | 1.25B | 791.00M | 621.00M | 604.00M | 697.00M | 705.00M |
| Total Liabilities | 13.95B | 13.44B | 15.73B | 15.74B | 14.24B | 13.32B |
| Stockholders Equity | 22.55B | 24.52B | 13.30B | 13.30B | 13.16B | 12.60B |
Cash Flow | ||||||
| Free Cash Flow | -2.19B | 466.00M | 2.04B | 3.67B | 3.82B | 580.00M |
| Operating Cash Flow | -1.95B | 936.00M | 3.11B | 4.86B | 4.86B | 1.21B |
| Investing Cash Flow | 10.57B | 7.93B | 1.23B | -860.00M | -151.00M | 2.30B |
| Financing Cash Flow | -8.60B | -8.65B | -4.59B | -4.39B | -3.02B | -3.46B |
Akzo Nobel India Limited Technical Analysis
Negative
3181.65
Price Trends
3062.66
Positive
3049.45
Positive
3034.56
Positive
Market Momentum
17.68
Positive
42.93
Neutral
38.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKZOINDIA, the sentiment is Negative. The current price of 3181.65 is above the 20-day moving average (MA) of 3138.06, above the 50-day MA of 3062.66, and above the 200-day MA of 3034.56, indicating a neutral trend. The MACD of 17.68 indicates Positive momentum. The RSI at 42.93 is Neutral, neither overbought nor oversold. The STOCH value of 38.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AKZOINDIA.
Akzo Nobel India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹521.44B | 42.93 | ― | 0.89% | 5.22% | 6.57% | |
70 Outperform | ₹143.07B | 6.89 | ― | 8.24% | -11.34% | 383.49% | |
67 Neutral | ₹153.32B | 23.94 | ― | 0.70% | 6.65% | 62.42% | |
66 Neutral | ₹2.31T | 48.61 | ― | 1.14% | 9.78% | 32.48% | |
66 Neutral | ₹148.09B | 24.91 | ― | 1.35% | 5.24% | -47.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹6.90B | -9.88 | ― | 1.75% | -10.48% | 0.50% |
* General Sector Average
IN:AKZOINDIA
Akzo Nobel India Limited
3,079.65
-264.75
-7.92%
IN:ASIANPAINT
Asian Paints Ltd.
2,419.00
-34.16
-1.39%
IN:BASF
BASF India Limited
3,560.55
-1,038.32
-22.58%
IN:BERGEPAINT
Berger Paints India Limited
447.90
-84.03
-15.80%
IN:KANSAINER
Kansai Nerolac Paints Limited
185.20
-64.67
-25.88%
IN:SHALPAINTS
Shalimar Paints Ltd
82.81
-1.37
-1.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.