JSW Dulux Ltd Share Price ₹3,168 | P/E 35.7

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of JSW Dulux Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	951	999	956	1,033	973	1,036	982	1,050	1,014	995	835	894	883
Expenses +	797	837	814	866	812	867	836	884	855	861	724	759	756
Operating Profit	155	162	142	166	162	169	146	167	159	134	111	136	127
OPM %	16%	16%	15%	16%	17%	16%	15%	16%	16%	14%	13%	15%	14%
Other Income +	6	8	9	8	10	10	9	6	3	9	1,882	-13	2
Interest	6	3	3	3	3	2	2	3	2	3	2	3	4
Depreciation	22	19	21	20	22	22	22	23	22	18	18	19	20
Profit before tax	133	148	127	152	147	154	132	146	137	122	1,972	101	104
Tax %	28%	26%	26%	25%	26%	26%	26%	26%	22%	26%	15%	27%	33%
Net Profit +	95	110	94	114	109	115	98	109	108	91	1,683	74	70
EPS in Rs	20.95	24.13	20.68	24.99	23.89	25.16	21.50	23.85	23.61	19.98	369.50	16.27	15.35

Financials of JSW Dulux Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	2,442	2,640	2,572	2,719	2,918	2,662	2,421	3,149	3,802	3,962	4,091	3,599
Expenses +	2,181	2,380	2,244	2,420	2,576	2,291	2,078	2,714	3,276	3,328	3,449	3,092
Operating Profit	261	260	329	300	342	370	343	434	526	633	642	508
OPM %	11%	10%	13%	11%	12%	14%	14%	14%	14%	16%	16%	14%
Other Income +	68	110	65	240	43	41	21	23	26	35	27	1,880
Interest	2	2	3	4	4	9	10	14	14	12	10	12
Depreciation	53	54	54	58	65	79	76	76	82	82	89	75
Profit before tax	275	314	337	478	316	323	278	367	456	573	570	2,300
Tax %	32%	32%	27%	16%	33%	27%	25%	21%	26%	26%	25%	17%
Net Profit +	186	214	247	401	211	237	208	290	335	427	429	1,918
EPS in Rs	39.93	45.91	52.94	85.85	46.33	52.13	45.59	63.68	73.58	93.70	94.11	421.10
Dividend Payout %	50%	153%	42%	26%	52%	27%	110%	118%	88%	80%	106%	0%

Financials of JSW Dulux Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	47	47	47	47	46	46	46	46	46	46	46	46
Reserves	873	1,116	962	1,244	1,090	1,192	1,242	1,213	1,270	1,284	1,283	2,208
Borrowings +	0	3	3	3	3	64	64	70	70	60	62	71
Other Liabilities +	879	878	872	938	959	1,024	1,178	1,261	1,354	1,513	1,511	1,315
Total Liabilities	1,799	2,043	1,884	2,231	2,097	2,325	2,529	2,590	2,739	2,903	2,902	3,640
Fixed Assets +	516	523	519	539	530	574	543	520	511	526	481	1,580
CWIP	12	9	23	27	17	16	16	42	73	119	67	74
Investments	394	600	336	573	377	84	0	0	0	0	0	0
Other Assets +	876	911	1,006	1,092	1,173	1,652	1,969	2,029	2,156	2,258	2,354	1,987
Total Assets	1,799	2,043	1,884	2,231	2,097	2,325	2,529	2,590	2,739	2,903	2,902	3,640

Financials of JSW Dulux Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	155	263	143	181	141	375	283	121	486	486	311	84
Cash from Investing Activity +	239	-156	225	-6	185	4	-225	230	-15	-87	123	748
Cash from Financing Activity +	-410	-113	-392	-126	-360	-157	-174	-346	-302	-439	-460	-875
Net Cash Flow	-16	-6	-24	50	-34	222	-116	6	170	-41	-26	-44
Free Cash Flow	107	234	68	78	99	327	255	58	382	367	204	-1,100
CFO/OP	87%	145%	78%	119%	77%	131%	106%	54%	119%	104%	74%	31%

Financials of JSW Dulux Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	42	49	58	53	56	54	62	57	53	53	52
Inventory Days	95	89	107	84	85	107	135	129	95	100	95
Days Payable	119	145	164	159	131	171	220	164	138	164	151
Cash Conversion Cycle	17	-7	1	-22	9	-10	-23	22	11	-10	-3
Working Capital Days	-12	-59	15	10	20	-3	-14	14	4	-2	22
ROCE %	25%	26%	27%	40%	24%	27%	22%	28%	35%	42%	42%