# JSW Dulux share price today (JSW Dulux Ltd, NSE: JSWDULUX)

> JSW Dulux share price today: ₹263.70 at the NSE close on 4 November 2026. JSW Dulux (NSE: JSWDULUX) is worth ₹12,027 crore and trades at a P/E of 31.4. > JSW Dulux Ltd's P/E is near the low end of its own history, higher than only 27% of past readings, and its quarterly results are still getting worse. JSWDULUX · Building Materials - Paints · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/jsw-dulux-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹263.70
- P/E: 31.4× (lower than 73% of the last 9.3 years)
- Revenue (Jun 2026): ₹965 Cr (−3.0% on a year ago)
- Profit (Jun 2026): ₹80.0 Cr (−12.1% on a year ago)
- Operating margin: 12.0% (−2.0 points on a year ago)
- ROCE: 23%, FY26
- ROIC: 16.4%, against a 12.0% cost of capital: +4.4 points

The main question: the P/E is near the low end of its own history, higher than only 27% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the JSW Dulux share price today? JSW Dulux Ltd's share price was ₹263.70 at the close on 4 November 2026. It has been falling for 1 week. That is 14.5% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running. Since its first close in our records, on 10 April 2026, it has traded between ₹264 and ₹329, and at that close it was at the low of that range. Over the last 7 months the share price moved −11% while the NIFTY 500 moved −3%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at JSW Dulux this quarter? Three changes stood out: indian funds and insurers (DIIs) raised their stake for 7 quarters in a row, lowest operating margin in 14 quarters and revenue down on a year earlier for 5 quarters in a row. 1. Indian funds and insurers (DIIs) raised their stake for 7 quarters in a row From 8.1% to 22.1% of the company by the September 2026 quarter. 2. Lowest operating margin in 14 quarters Operating margin was 12% in the June 2026 quarter, against 14% a year earlier. Why: Operating margin fell because costly decorative raw materials bought earlier raised costs. From the earnings call on 12 Aug 2026. 3. Revenue down on a year earlier for 5 quarters in a row In the June 2026 quarter revenue was ₹965 crore, -3% on a year earlier. Why: Reported revenue fell because some businesses were carved out and kept by AkzoNobel, so the sales figures are not comparable. On a comparable basis, sales grew. Next results: check whether decorative growth spreads beyond premium products and nearby categories. From the earnings call on 12 Aug 2026. ## What are JSW Dulux's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), JSW Dulux reported revenue of ₹965 crore, down 3.0% from ₹995 crore a year earlier, and a profit of ₹80.0 crore, down 12.1% from ₹91.0 crore. ### JSW Dulux results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹965 crore | ₹995 crore | −3.0% |
| Profit | ₹80.0 crore | ₹91.0 crore | −12.1% |
| Earnings per share | ₹1.75 | ₹2.00 | −12.5% |
| Operating margin | 12.0% | 14.0% | −2.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). JSW Dulux's management discussed these results on a call held on 12 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the JSW Dulux share price history? JSW Dulux closed at ₹263.70 on 4 November 2026. Its highest weekly close since April 2026 was ₹329.18 on 19 June 2026. ### JSW Dulux share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹264.40 | −0.3% |
| 1 month ago · 1 Oct 2026 | ₹302.06 | −12.7% |
| 6 months ago · 8 May 2026 | ₹294.94 | −10.6% |
| Earliest weekly close in our records · 10 Apr 2026 | ₹297.57 | −11.4% |
| Highest weekly close since April 2026 · 19 Jun 2026 | ₹329.18 | −19.9% |
| Lowest weekly close since April 2026 · 4 Nov 2026 | ₹263.70 | 0.0% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (36 weekly closes from 10 April 2026 to 4 November 2026.)

## What is the latest news on JSW Dulux? 4 Nov 2026: JSW Dulux closed at ₹263.70, down 0.3% on the week and down 12.7% on the month. 22 Oct 2026: Share split: face value cut from ₹10 to ₹1 a share (ex-date). ### Earlier

- 12 Aug 2026: JSW Dulux held its results call for April to June 2026. Management guided: Operating margin in the 13-15% range, given crude prices. - 3 Jul 2026: ex-date for a dividend of ₹50 a share. - Results for April to June 2026: Revenue down 3.0% and profit down 12.1% on a year earlier. ## What dividend does JSW Dulux pay? JSW Dulux paid ₹5 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.90% at the ₹263.70 close on 4 November 2026. The last was a dividend of ₹50 a share, ex-date 3 July 2026. ### JSW Dulux dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 3 Jul 2026 | ₹50 | Dividend | same day |
| 11 Aug 2025 | ₹156 | Special | same day |
| 25 Jul 2025 | ₹30 | Dividend | same day |
| 19 Nov 2024 | ₹70 | Interim | 20 Nov 2024 |
| 25 Jul 2024 | ₹25 | Dividend | n/a |
| 16 Feb 2024 | ₹50 | Interim | same day |
| 27 Jul 2023 | ₹40 | Dividend | n/a |
| 21 Feb 2023 | ₹25 | Interim | same day |
| 28 Jul 2022 | ₹35 | Dividend | n/a |
| 22 Feb 2022 | ₹40 | Interim | 23 Feb 2022 |
| 5 Aug 2021 | ₹30 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 1 of the last 12 months' payments came before a split or bonus; the 12-month total above is on today’s share count. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. JSW Dulux Ltd paid out 47% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did JSW Dulux management say on the latest results call? On the call for April to June 2026, held on 12 August 2026, JSW Dulux's management guided: Operating margin in the 13-15% range, given crude prices. > “However, given crude prices, I have said that the EBITDA margin would be in the range of 13-15%. That is the kind of margin I think we should be able to achieve for the reasons I mentioned.”
> Rajiv Rajgopal, on the call for April to June 2026

### What management guided

- Double-digit growth in both volume and value, decorative market-share gains and absolute operating profit delivery remain objectives. - The coming quarter expected in a similar growth band; precise quarterly prediction limited by July rainfall. - Active presence to approximately 4,500 towns this year; direct or hybrid model in approximately 20 top towns, with distributors retained where effective. - ERP migration from the inherited AkzoNobel ecosystem by year-end. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/370/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 12 August 2026.)

## What to watch in JSW Dulux's next results? When JSW Dulux reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Gross-margin recovery after high-cost decorative inventory clears - check whether raw-material relief converts into operating profit. - What to check (from the call)
- Gross-margin recovery after high-cost decorative inventory clears - check whether raw-material relief converts into operating profit. - Mass-market and economy traction - check whether decorative growth broadens beyond premium and adjacencies. - Project Akshaya execution - check ERP cutover, cross-manufacturing rollout and incremental savings. ## Which stock lists is JSW Dulux on? JSW Dulux is on one of our India lists: Dividend stocks. [Dividend stocks Regular dividend yield (%): 1.9](https://www.sectoralpha.in/dividend-stocks-india)

## Is JSW Dulux profitable? JSW Dulux Ltd earned ₹80.0 Cr of net profit in the Jun 2026 quarter, −12.1% on the same quarter a year earlier. Full-year FY26 profit was ₹1,974 Cr. Over 10 years profit has grown 24.9% a year on average. That is 8.3% of the quarter's revenue. The same quarter a year earlier earned ₹91.0 Cr. For the full year, FY26 profit was ₹1,974 Cr (+359.1% on the year before). Why profit moved: revenue changed −3.0% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +397.5% and revenue −11.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does JSW Dulux make, and is it growing? JSW Dulux Ltd reported ₹965 Cr of revenue in the Jun 2026 quarter, −3.0% on the same quarter a year earlier. Over 10 years it has grown 3.1% a year on average. The last full year, FY26, came in at ₹3,599 Cr. The last four reported quarters add to ₹3,577 Cr. FY26 revenue was ₹3,599 Cr, −11.6% on the year before. Recent pace: the last four quarters grew −11.4% on average, against 3.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −11.5%, against −5.4% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +383.5%, against +113.2% a year (accelerating). ## How much of every ₹100 of sales does JSW Dulux keep? JSW Dulux Ltd's operating margin was 12.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 12 years it has been between −20.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed −5.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is JSW Dulux's profit turning into cash? Over the last 3 years, 31% of JSW Dulux Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹93.0 Cr of operating cash against ₹1,974 Cr of profit. After ₹1,189 Cr of spending on assets, free cash was −₹1,096 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 31% of profit came in as cash: the cash cycle got 52 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: less of the profit turns into cash than it should, and the cash cycle is 52 days longer. The next section looks at where the cash is stuck. ## Where does JSW Dulux's cash go? JSW Dulux Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 29 days in FY26, up from −23 days in FY21. It spent ₹1,324 Cr on assets over the last 3 years. Customers take 61 days to pay, and stock sits for 99 days on average. At FY26 sales of ₹3,599 Cr, each day of that cycle ties up about ₹9.9 Cr, so roughly ₹286 Cr is tied up in the business at any time. FY26: customers took 61 days to pay and stock sat for 99 days, about 3.3 months of sales sitting as stock, for a full cycle of 29 days, longer than FY21's −23. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 99 days. Customers pay about 61 days after that. Suppliers are paid at 131 days. Together that makes the 29-day cycle. Spending on assets: ₹1,324 Cr over the last 3 years, against ₹246 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹49.0 Cr (FY26): assets paid for that are not earning yet. In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit. ## What is JSW Dulux's P/E ratio, and how does it compare with its own history? JSW Dulux Ltd's P/E is 31.4×, near the low end of its own history: it has been lower only 27% of the time. Its usual P/E (the middle reading) is 35.4×, over 9.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the JSW Dulux business getting better or worse? JSW Dulux Ltd's business is getting better. EPS growth hit its low 6 quarters ago at −65.3% and has recovered to +383.6%, with ROCE steady at 37.4%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does JSW Dulux earn on its capital? JSW Dulux Ltd earned a ROCE of 23% in FY26. That is up from a low of 13% in FY09. Its return on capital used (ROIC) is 4.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 54.8% net margin and 0.95× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 54.8% net margin × 0.95× asset turnover × 1.55× leverage (assets divided by equity) ≈ 80.7% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 16.4% − 12.0% = +4.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 16.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 26.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does JSW Dulux have too much debt? JSW Dulux Ltd has total debt of ₹79.0 Cr against shareholder equity of ₹2,452 Cr as of Jun 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.06 in FY22 to 0.03 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the JSW Dulux shareholding pattern? Domestic institutions raised their stake in JSW Dulux Ltd by 13.9 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 22.1% of the company. Promoters moved −13.6 points over the same period, to 61.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +13.9 points over 8 quarters, to 22.1%; Promoters: −13.6 points over 8 quarters, to 61.2%; Foreign institutions: +4.3 points over 8 quarters, to 8.0%. Why the owners changed: domestic institutions drove it (+13.9 points), with the other side taken by promoters (−13.6 points). They raised their stake step by step. ## How far is JSW Dulux from balance-sheet trouble? For JSW Dulux Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does JSW Dulux rank in its industry? 50.3 out of 100, rank 3 of 7 in Building Materials - Paints, with 81% of the evidence available. JSW Dulux Ltd scores 50.3 out of 100 against the 7 companies it is compared with in Building Materials - Paints, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.2 + 16.1 + 4 + 8 = 50.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is JSW Dulux compared with? JSW Dulux ranks 3 of 7 Building Materials - Paints companies on the 4-Factor Sector Score, with 50.3 out of 100. 1. [Sirca Paints India Ltd](https://www.sectoralpha.in/stocks/sirca-paints-india-ltd) SIRCA · losing its lead · Evidence leans up · 96% evidence 63.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 24.2% · Profit 28.9% · Operating margin change -1 points · 88% evidence Capital efficiency 16.4/25 · ROCE 20.3% · Operating margin 19% · 100% evidence Valuation 12.7/20 · P/E 34.4× · PEG 1.23 · 100% evidence Relative strength 9.6/20 · Lead over its industry -5.7% · Lead over NIFTY 500 -3.8% · 1 year -21.9% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.6 + 16.4 + 12.7 + 9.6 = 63.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Asian Paints Ltd](https://www.sectoralpha.in/stocks/asian-paints-ltd) ASIANPAINT · quiet · Evidence leans up · 100% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 12.4% · Profit 23.7% · Operating margin change -2 points · 100% evidence Capital efficiency 22.3/25 · ROCE 26.3% · Operating margin 16% · 100% evidence Valuation 9.9/20 · P/E 45× · PEG 1.8 · 100% evidence Relative strength 2.5/20 · Lead over its industry -6.9% · Lead over NIFTY 500 -5.1% · 1 year -7.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.2 + 22.3 + 9.9 + 2.5 = 56.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. JSW Dulux Ltd this page JSWDULUX · quiet · Evidence leans up · 81% evidence 50.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue -11.5% · Profit 100% · Operating margin change -2 points · 88% evidence Capital efficiency 16.1/25 · ROCE 22.7% · Operating margin 12% · 100% evidence Valuation 4.0/20 · P/E 31.4× · PEG 3.75 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year n/a · 25% evidence · 3 of 12 weeks ahead Exact sum: 22.2 + 16.1 + 4 + 8 = 50.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Indigo Paints Ltd](https://www.sectoralpha.in/stocks/indigo-paints-ltd) INDIGOPNTS · losing its lead · Evidence leans up · 85% evidence 50.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue 11.9% · Profit 4.9% · Operating margin change -6 points · 100% evidence Capital efficiency 12.8/25 · ROCE 18.6% · Operating margin 9% · 100% evidence Valuation 12.8/20 · P/E 31× · PEG 1.92 · 100% evidence Relative strength 11.3/20 · Lead over its industry n/a · Lead over NIFTY 500 1% · 1 year -0.3% · 25% evidence · 9 of 12 weeks ahead Exact sum: 13.3 + 12.8 + 12.8 + 11.3 = 50.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Berger Paints India Ltd](https://www.sectoralpha.in/stocks/berger-paints-india-ltd) BERGEPAINT · basing · Evidence leans down · 96% evidence 48.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 5.2% · Profit 6.4% · Operating margin change 0 points · 88% evidence Capital efficiency 18.8/25 · ROCE 21.6% · Operating margin 17% · 100% evidence Valuation 6.7/20 · P/E 44.2× · PEG 4.15 · 100% evidence Relative strength 9.0/20 · Lead over its industry -3.1% · Lead over NIFTY 500 -1.3% · 1 year -14.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.1 + 18.8 + 6.7 + 9 = 48.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 6. [Kansai Nerolac Paints Ltd](https://www.sectoralpha.in/stocks/kansai-nerolac-paints-ltd) KANSAINER · basing · Evidence leans down · 78% evidence 41.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 5.3% · Profit -46.5% · Operating margin change 0 points · 83% evidence Capital efficiency 10.2/25 · ROCE 12% · Operating margin 14% · 76% evidence Valuation 14.1/20 · P/E 22.1× · PEG n/a · 50% evidence Relative strength 3.0/20 · Lead over its industry -11.9% · Lead over NIFTY 500 -10.3% · 1 year -28.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13.8 + 10.2 + 14.1 + 3 = 41.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Shalimar Paints Ltd](https://www.sectoralpha.in/stocks/shalimar-paints-ltd) SHALPAINTS · leader · Evidence leans down · 71% evidence 35.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.7/35 · Revenue -12% · Profit -33.3% · Operating margin change -15.3 points · 74% evidence Capital efficiency 0.0/25 · ROCE -7.9% · Operating margin -20% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 20.0/20 · Lead over its industry 30.8% · Lead over NIFTY 500 32% · 1 year 1.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 5.7 + 0 + 10 + 20 = 35.7 · What this means: Relative strength against the index is 32%, and revenue and profit growth are weak. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Building Materials - Paints](https://www.sectoralpha.in/sectors/building-materials-paints), all 7 compared on one page. ## Which companies are close to JSW Dulux in size? JSW Dulux is the 4th largest of 7 Building Materials - Paints companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Asian Paints, Berger Paints India and Kansai Nerolac Paints. Just below it: Indigo Paints, Sirca Paints India and Shalimar Paints. ### Building Materials - Paints companies close in size

1. [Asian Paints Ltd](https://www.sectoralpha.in/stocks/asian-paints-ltd) ₹2,22,534 crore
2. [Berger Paints India Ltd](https://www.sectoralpha.in/stocks/berger-paints-india-ltd) ₹54,231 crore
3. [Kansai Nerolac Paints Ltd](https://www.sectoralpha.in/stocks/kansai-nerolac-paints-ltd) ₹14,259 crore
4. JSW Dulux Ltd ₹13,436 crore
5. [Indigo Paints Ltd](https://www.sectoralpha.in/stocks/indigo-paints-ltd) ₹4,760 crore
6. [Sirca Paints India Ltd](https://www.sectoralpha.in/stocks/sirca-paints-india-ltd) ₹2,303 crore
7. [Shalimar Paints Ltd](https://www.sectoralpha.in/stocks/shalimar-paints-ltd) ₹666 crore

[All 7 Building Materials - Paints companies, largest first](https://www.sectoralpha.in/sectors/building-materials-paints#all-companies)

### Companies close in size in other industries

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2. [Gallantt Ispat Ltd.](https://www.sectoralpha.in/stocks/gallantt-ispat-ltd) ₹13,465 crore · Steel Products
3. JSW Dulux Ltd ₹13,436 crore
4. [Niva Bupa Health Insurance Company Ltd](https://www.sectoralpha.in/stocks/niva-bupa-health-insurance-company-ltd) ₹13,435 crore · Finance - Insurance
5. [Paradeep Phosphates Ltd](https://www.sectoralpha.in/stocks/paradeep-phosphates-ltd) ₹13,407 crore · Fertilisers

## What else do people ask about JSW Dulux? ### What is JSW Dulux's share price today? JSW Dulux Ltd's share price is ₹263.70. The whole company is worth ₹12,027 Cr on the market. It is at its lowest price of the past 52 weeks (range ₹264 to ₹329), 14.5% below its 200-day average. The price has been falling for 1 weeks (as of 4 November 2026). ### What were JSW Dulux's latest quarterly results? JSW Dulux Ltd reported revenue of ₹965 Cr and net profit of ₹80.0 Cr for the Jun 2026 quarter. Revenue fell 3.0% and profit fell 12.1% compared with a year earlier. Earnings per share were ₹1.75. The operating margin was 12.0%, 2.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is JSW Dulux's market cap? JSW Dulux Ltd's market capitalisation is ₹12,027 Cr at a share price of ₹263.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is JSW Dulux performing? JSW Dulux Ltd's share price has been falling for 1 weeks. In its latest quarter, revenue fell 3.0% and profit fell 12.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 4 November 2026). ### Will JSW Dulux's share price go up? This page does not forecast JSW Dulux Ltd's share price. What it shows instead: the share price is ₹263.70, and it has been falling for 1 weeks. Its P/E of 31.4× is higher than 27% of its own last 9 years (as of 4 November 2026). ### Who owns JSW Dulux? Promoters own 61.2% of JSW Dulux Ltd, foreign institutions 8.0%, domestic institutions 22.1% and the public 8.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 13.9 percentage points over 8 quarters (as of 4 November 2026). ### Does JSW Dulux have too much debt? No, JSW Dulux Ltd has little debt: its debt is 0.03× its equity, and its operating profit is 42 times its interest bill. FY26 borrowings were ₹79.0 Cr against equity of ₹2,452 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is JSW Dulux in its business cycle? JSW Dulux Ltd's FY26 operating margin was 14.0%, against a 12-year range of −20.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the JSW Dulux story? The main question: the P/E is near the low end of its own history, higher than only 27% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is JSW Dulux a stock worth studying right now? What the numbers show: JSW Dulux Ltd's P/E is near the low end of its own history, higher than only 27% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a JSW Dulux share price forecast for 2026? What management itself guided: Operating margin in the 13-15% range, given crude prices. ## Lists

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