Akzo Nobel India Limited (AKZOINDIA) AI Stock Analysis

• Market Cap: ₹154.63B
• Dividend Yield: 2.66%
• Average Volume (3M): 825.00
• Price to Earnings (P/E): 38.1
• Beta (1Y): 0.44
• Revenue Growth: 1.28%
• EPS Growth: -5.89%
• Country: IN
• Employees: 1,500
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 19.98
• Shares Outstanding: 45,540,314
• 10 Day Avg. Volume: 793
• 30 Day Avg. Volume: 825
• PEG Ratio: 55.67
• Price to Book (P/B): 12.09
• Price to Sales (P/S): 3.93
• P/FCF Ratio: 78.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹3,758.00
• Price Target Upside: 12.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: ₹3,758.00 ▲(12.13% Upside)

The overall stock score of 72 reflects strong financial performance, with consistent revenue growth and a solid balance sheet. Technical analysis indicates a neutral trend, while the valuation suggests the stock may be slightly overvalued. The absence of earnings call and corporate events data limits additional insights.

Akzo Nobel India Limited Business Overview & Revenue Model

Company Description

Akzo Nobel India Limited manufactures, distributes, and sells paints and coatings in India and internationally. It offers marine and protective, powder, industrial, and automotive and specialty coatings; paints, varnishes, enamels, lacquers, and emulsions for interior, exterior, and wood care applications, as well as for institutions/builders; and waterproofing paint products. The company's products are used in oil and gas, power, infrastructure, and wind energy projects; architecture, and functional and domestic appliances; vehicle refinishes business; packaging industry, including food, caps and closures, and beer and beverages; and roofing, building, aluminum composite panels, and domestic appliance sectors. It offers its products primarily under the Dulux, Sikkens, International, and Interpon brands. The company was formerly known as ICI India Limited and changed its name to Akzo Nobel India Limited in February 2010. Akzo Nobel India Limited was founded in 1911 and is based in Gurugram, India. Akzo Nobel India Limited is a subsidiary of Akzo Nobel N.V.

How the Company Makes Money

Akzo Nobel India Limited generates revenue primarily through the sale of its decorative paints and coatings. The company's key revenue streams include the sale of premium interior and exterior paints, specialty coatings for various industries, and related products. It sells these products through a wide distribution network that includes retail outlets, dealers, and direct sales to contractors and professionals. Additionally, the company benefits from its association with AkzoNobel N.V., which provides access to advanced research, development capabilities, and global supply chains. Strategic partnerships with local businesses and adherence to sustainability practices also contribute positively to its financial performance.

Akzo Nobel India Limited Financial Statement Overview

Summary

Akzo Nobel India Limited exhibits strong financial health with consistent revenue growth and profitability. The balance sheet is solid, characterized by low leverage and high equity. Cash flow generation remains adequate, although there is room for improvement in free cash flow growth. The company is well-positioned in the specialty chemicals industry, but should focus on maintaining cash reserves and managing non-operating expenses to sustain its growth trajectory.

Income Statement

Akzo Nobel India Limited demonstrated strong revenue growth with a consistent increase over the years, reaching a total revenue of ₹40,912 Crores in 2025. The Gross Profit Margin improved to approximately 43.34%, indicating efficient cost management. The Net Profit Margin remained stable at 10.5%, reflecting healthy profitability despite competitive pressures in the specialty chemicals industry. EBIT Margin improved significantly to 35.09%, showcasing operational efficiency. EBITDA Margin, however, showed a minor decline, necessitating attention to non-operating expenses.

Balance Sheet

The company's balance sheet is robust with a declining trend in Total Debt, resulting in a favorable Debt-to-Equity ratio of 0.05. The Return on Equity (ROE) stood at 32.28%, indicating effective utilization of equity. The Equity Ratio of 45.82% suggests a healthy proportion of total assets financed by shareholders' equity. Although the balance sheet is strong, the decline in Cash and Cash Equivalents over recent years might require strategic cash management.

Cash Flow

Akzo Nobel India's Operating Cash Flow to Net Income Ratio is 0.72, reflecting adequate cash generation from operations. Free Cash Flow to Net Income Ratio was 0.48, showing positive free cash flow generation. However, Free Cash Flow Growth Rate showed a decline, requiring enhanced focus on cash flow optimization and capital allocation strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.50B	40.91B	39.37B	37.77B	31.09B	23.97B
Gross Profit	17.37B	17.73B	16.74B	14.83B	12.26B	9.88B
EBITDA	6.32B	6.42B	6.67B	5.52B	4.54B	3.64B
Net Income	4.06B	4.29B	4.27B	3.35B	2.90B	2.08B
Balance Sheet
Total Assets	0.00	29.03B	29.04B	27.41B	25.92B	25.30B
Cash, Cash Equivalents and Short-Term Investments	2.88B	2.87B	5.14B	5.53B	4.47B	7.19B
Total Debt	0.00	621.00M	604.00M	697.00M	705.00M	639.00M
Total Liabilities	-13.30B	15.73B	15.74B	14.24B	13.32B	12.42B
Stockholders Equity	13.30B	13.30B	13.30B	13.16B	12.60B	12.88B
Cash Flow
Free Cash Flow	0.00	2.04B	3.67B	3.82B	580.00M	2.55B
Operating Cash Flow	0.00	3.11B	4.86B	4.86B	1.21B	2.83B
Investing Cash Flow	0.00	1.23B	-860.00M	-151.00M	2.30B	-2.25B
Financing Cash Flow	0.00	-4.59B	-4.39B	-3.02B	-3.46B	-1.74B

Akzo Nobel India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3351.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AKZOINDIA, the sentiment is Positive. The current price of 3351.5 is below the 20-day moving average (MA) of 3353.73, below the 50-day MA of 3390.45, and above the 200-day MA of 3330.38, indicating a bullish trend. The MACD of -4.84 indicates Negative momentum. The RSI at 55.91 is Neutral, neither overbought nor oversold. The STOCH value of 68.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AKZOINDIA.

Akzo Nobel India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KANSAINER	75 Outperform	₹204.67B	18.06	―	0.99%	0.95%	67.04%
INDIGOPNTS	73 Outperform	₹49.09B	34.67	―	0.34%	0.75%	-0.74%
AKZOINDIA	72 Outperform	₹154.63B	38.09	―	2.66%	1.28%	-5.89%
GPIL	70 Outperform	₹167.07B	21.94	―	0.40%	-2.12%	-22.09%
SIRCA	64 Neutral	₹27.05B	50.98	―	0.30%	29.03%	-17.42%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Akzo Nobel India Limited Corporate Events

Akzo Nobel India Faces Revised Tax Demand Amid Ongoing Litigation

Akzo Nobel India Limited has received a demand order from the Service Tax Department in Mumbai related to pending litigation over Cenvat credit on service tax for Goods Transport Agency services. The demand order, which follows show cause notices from 2014, requires the company to pay a revised amount of Rs. 48,56,366, including tax, interest, and penalties. The company is currently preparing to respond to this order, which may impact its financial obligations and requires ongoing monitoring until resolution.

Akzo Nobel India Releases Q2 2025 Financial Results

Akzo Nobel India Limited has released an investor presentation detailing its unaudited financial results for the quarter ending June 30, 2025. This announcement, approved by the Board of Directors, reflects the company’s ongoing commitment to transparency and provides insights into its financial performance, which could influence its market positioning and stakeholder confidence.

Akzo Nobel India Faces Tax Dispute Appeal

Akzo Nobel India Limited has received an Order-in-Appeal from the Telangana GST Department regarding a tax dispute involving a demand of ₹2.9 crores, along with interest and penalties. The company is actively responding to the appeal, which may impact its financial obligations and requires further submissions to the relevant authorities.