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IndiaPulse

JSW Dulux Limited (JSWDULUX)

Small Cap

Chemicals stocks · Small cap · NSE

JSW Dulux Limited operates in Paints, within the Chemicals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹3,174.5
+6.90 · +0.22%
Quote04 Sept, 03:51 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Chemicals P/E 34.2 (n=45)
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Investable fundamentals, management trust is supportive, price trend is neutral, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
UNDERVALUED
67

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Healthy Trust
76

low confidence · 0/0 claims checked

Technical
Bullish
62

Timing lens: price trend and sector relative strength.

Result consistency
weak
44

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -3% YoY · PAT -12% YoY · margin compression · +9% QoQ

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹965 Cr-3.0%+9.3%
EBITDA₹115 Cr-14.2%-9.4%
Operating margin12.0%-200 bps-200 bps
PAT₹80 Cr-12.1%-36.5%
PAT margin8.3%-86 bps-598 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

Business and thesis

Issuer presentation review pending

JSW Dulux Limited operates in Paints, within the Chemicals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

62Bullish

SMA20 +4.8% / mo · MACD +

Stock trend: 65
Sector RS: 57
Sector 3M: +0.0% vs Nifty -1.5%

Technical chart

JSWDULUXdaily · 1Y · AUTO+5.9%
Latest close ₹3174.50 on 2026-09-04

Daily history is available from 2026-04-15; the requested 1Y window is partially covered.

Bar
+0.2%
RSI
60
MACD hist
4.83
52W pos
61%
2026-09-04O ₹3167.60H ₹3209.50L ₹3155.60C ₹3174.50Vol 24,093 sh
₹2.83k₹2.97k₹3.12k₹3.26k₹3.40k52H52L3174.502026-032026-06VolRSIMACD2026-042026-052026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Bullish setup

Trend is constructive — long-term trend unclear. RSI 60.

  • SMA20 rising (~4.6% over last month) — short-term momentum positive.
  • RSI(14) at 60 — rising, no extreme reading.
  • MACD above signal, histogram expanding — bullish momentum building.
  • 6% off 52W high · 11% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Valuation & score drivers

U-Score 67 · UNDERVALUED · pillar breakdown, sector model, fair-value anchor

67U-SCORE
Financial Turnaround

Fundamental score breakdown

UNDERVALUED
Valuation20/30
Growth10/25
Quality12/20
Balance Sheet11/15
Cash Flow9/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
67

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

67/100 · UNDERVALUED

Positive drivers

  • FCF yield is supportive at 6.2%.
  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 83.6%.

Main drags

  • Growth is weaker at 10/25; verify the latest quarterly trend.
  • Quality is weaker at 12/20; verify the latest quarterly trend.
  • Valuation is weaker at 20/30; verify the latest quarterly trend.
Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
37.7
PB
5.9
EV/EBITDA
25.7
ROE
19.1%
ROCE
22.7%
FCF Yield
6.2%
Debt/Equity
0.0
MoS
+83.6%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 05 Sept 2026
v4.3-runtime-valuation
Final score
67
Previous: 67
Verdict
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+83.6%
Previous: +83.6%

Score history

12 stored score snapshots. Latest stored move: -2 points.

05 Sept 2026
v4.3-runtime-valuation
68
68
69
69
69
69
69
69
69
69
69
67

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹2,283.97
-39.0% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹19,392.3
+83.6% MoS
PEG
4.71

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
76Healthy Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Healthy Trust: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 70th percentile within Chemicals. Main check: results consistency is weak at 44/100.

High Trust Lite: Promoter holding is 61.2%. Key concern: Promoter holding fell 8.6%.

Computed 05 Sept 2026
management-trust-v1
95 docs text-extracted · 40 concalls text-extracted
Score band
Healthy Trust

Generally investable credibility. Look for weak sub-scores before increasing position size.

Relative rank
81st percentile

overall median 67 · Chemicals: 70th pctile, median 73 · Small: 83rd pctile, median 66

Evidence depth
Financial-only

95 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Healthy Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
68
acceptable · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
44
weak · quarterly consistency

Trust positives

  • Promoter holding is 61.2%.
  • Promoter pledge is zero.
  • FCF yield is 6.2%.
  • 12 years of positive FCF.

Trust risks

  • Promoter holding fell 8.6%.
  • ROCE trend is -13%.
  • 0/4 latest quarters had positive YoY revenue growth.
  • 1 of the latest 4 quarters had PAT decline worse than 25% YoY.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
37.70
P/B
5.90
EV/EBITDA
25.68
Market Cap
14457.00Cr

Profitability

ROE
19.10%
ROCE
22.70%
ROA
11.33%
Dividend Y
1.58%

Growth (CAGR)

Revenue 5Y
8.00%
EPS 5Y
12.00%
Revenue 3Y
-2.00%
EPS 3Y
2.00%

Balance Sheet

Debt/Equity
0.03
Interest Coverage
40.75×
Altman Z
8.49
Book Value
538.00

Cash Flow

FCF Yield
6.20%
FCF Positive Y
12/5
OCF
93.00 Cr
EPS TTM
430.94

Shareholding

Promoter Hold
61.20%
Promoter Pledge
0.00%
Momentum 52W
48%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
Latest: 4,069+2.7% vs prev
04069Mar 2016: 2,640Mar 2017: 2,572Mar 2018: 2,719Mar 2019: 2,918Mar 2020: 2,662Mar 2021: 2,421Mar 2022: 3,149Mar 2023: 3,802Mar 2024: 3,962Mar 2025: 4,069FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25

Net Profit

₹ Cr
Latest: 430+0.7% vs prev
0430.0Mar 2016: 214Mar 2017: 247Mar 2018: 400Mar 2019: 211Mar 2020: 237Mar 2021: 208Mar 2022: 290Mar 2023: 335Mar 2024: 427Mar 2025: 430FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25

Return on Equity

%
Latest: 32.3+0.6% vs prev
032.3Mar 2016: 18.4%Mar 2017: 24.5%Mar 2018: 31.0%Mar 2019: 18.6%Mar 2020: 19.1%Mar 2021: 16.1%Mar 2022: 23.0%Mar 2023: 25.4%Mar 2024: 32.1%Mar 2025: 32.3%FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25

Peers

Business-comparable names in Chemicals, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.