Why is JSW Dulux Ltd ?
1
Poor long term growth as Net Sales has grown by an annual rate of 5.10% and Operating profit at 2.27% over the last 5 years
2
Negative results in Jun 26
- ROCE(HY) Lowest at 21.01%
- PBT LESS OI(Q) At Rs 92.10 cr has Fallen at -12.5% (vs previous 4Q average)
- PAT(Q) At Rs 79.70 cr has Fallen at -19.3% (vs previous 4Q average)
3
Stock is technically in a Mildly Bearish range
- The technical trend has deteriorated from Mildly Bullish on 31-Aug-26
- A key technical factor - KST has been Bearish since 31 Aug 2026
4
Below par performance in long term as well as near term
- Along with generating -6.95% returns in the last 1 year, the stock has also underperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Paints)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is JSW Dulux for you?
Medium Risk, Medium Return
Absolute
Risk Adjusted
Volatility
JSW Dulux
-9.42%
-0.24
29.07%
Sensex
-11.8%
-0.48
13.44%
Quality key factors
Factor
Value
Sales Growth (5y)
5.10%
EBIT Growth (5y)
2.27%
EBIT to Interest (avg)
38.66
Debt to EBITDA (avg)
0.13
Net Debt to Equity (avg)
-0.10
Sales to Capital Employed (avg)
2.44
Tax Ratio
16.87%
Dividend Payout Ratio
105.94%
Pledged Shares
0
Institutional Holding
30.46%
ROCE (avg)
46.47%
ROE (avg)
25.77%
Valuation Key Factors 
Factor
Value
P/E Ratio
35
Industry P/E
42
Price to Book Value
5.55
EV to EBIT
32.43
EV to EBITDA
27.29
EV to Capital Employed
6.05
EV to Sales
3.73
PEG Ratio
NA
Dividend Yield
1.72%
ROCE (Latest)
19.63%
ROE (Latest)
16.12%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
1What is working for the Company
NO KEY POSITIVE TRIGGERS
-8What is not working for the Company
ROCE(HY)
Lowest at 21.01%
PBT LESS OI(Q)
At Rs 92.10 cr has Fallen at -12.5% (vs previous 4Q average
PAT(Q)
At Rs 79.70 cr has Fallen at -19.3% (vs previous 4Q average
DEBTORS TURNOVER RATIO(HY)
Lowest at 5.98 times
OPERATING PROFIT TO NET SALES (Q)
Lowest at 11.93%
Loading Valuation Snapshot...
Here's what is not working for JSW Dulux
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 92.10 cr has Fallen at -12.5% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 105.28 CrMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 79.70 cr has Fallen at -19.3% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 98.80 CrMOJO Watch
Near term PAT trend is very negative
PAT (Rs Cr)
Operating Profit Margin - Quarterly
Lowest at 11.93%
in the last five quartersMOJO Watch
Company's efficiency has deteriorated
Operating Profit to Sales
Debtors Turnover Ratio- Half Yearly
Lowest at 5.98 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio