BSE:500710

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Executive Summary

Akzo Nobel India Limited manufactures and sells paints and coatings in India and internationally. More Details

Risk Analysis

Unstable dividend track record



Snowflake Analysis

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Akzo Nobel India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500710 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 500710's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

4.5%

500710

2.4%

IN Chemicals

2.3%

IN Market


1 Year Return

9.5%

500710

27.0%

IN Chemicals

8.9%

IN Market

Return vs Industry: 500710 underperformed the Indian Chemicals industry which returned 25.5% over the past year.

Return vs Market: 500710 exceeded the Indian Market which returned 7.4% over the past year.


Shareholder returns

500710IndustryMarket
7 Day4.5%2.4%2.3%
30 Day6.1%6.4%8.9%
90 Day-0.5%7.8%10.2%
1 Year10.2%9.5%30.1%27.0%11.0%8.9%
3 Year22.4%18.5%41.4%34.4%6.2%1.0%
5 Year82.9%67.3%153.9%135.9%53.0%41.5%

Long-Term Price Volatility Vs. Market

How volatile is Akzo Nobel India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Akzo Nobel India undervalued compared to its fair value and its price relative to the market?

54.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500710 (₹2122.55) is trading above our estimate of fair value (₹200.67)

Significantly Below Fair Value: 500710 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500710 is poor value based on its PE Ratio (54.6x) compared to the IN Chemicals industry average (16.3x).

PE vs Market: 500710 is poor value based on its PE Ratio (54.6x) compared to the Indian market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500710's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500710 is overvalued based on its PB Ratio (7.9x) compared to the IN Chemicals industry average (1.2x).


Next Steps

Future Growth

How is Akzo Nobel India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.8%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Akzo Nobel India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Akzo Nobel India performed over the past 5 years?

0.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500710 has high quality earnings.

Growing Profit Margin: 500710's current net profit margins (8.1%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: 500710's earnings have grown by 0.1% per year over the past 5 years.

Accelerating Growth: 500710's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 500710 had negative earnings growth (-25.4%) over the past year, making it difficult to compare to the Chemicals industry average (-4.6%).


Return on Equity

High ROE: 500710's Return on Equity (14.5%) is considered low.


Next Steps

Financial Health

How is Akzo Nobel India's financial position?


Financial Position Analysis

Short Term Liabilities: 500710's short term assets (₹13.8B) exceed its short term liabilities (₹8.3B).

Long Term Liabilities: 500710's short term assets (₹13.8B) exceed its long term liabilities (₹1.4B).


Debt to Equity History and Analysis

Debt Level: 500710 is debt free.

Reducing Debt: 500710 had no debt 5 years ago.

Debt Coverage: 500710 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 500710 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Akzo Nobel India current dividend yield, its reliability and sustainability?

0.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500710's dividend (0.66%) is higher than the bottom 25% of dividend payers in the Indian market (0.53%).

High Dividend: 500710's dividend (0.66%) is low compared to the top 25% of dividend payers in the Indian market (2.15%).


Stability and Growth of Payments

Stable Dividend: 500710's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500710's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36%), 500710's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Rajiv Rajagopal (52 yo)

2yrs

Tenure

₹24,290,000

Compensation

Mr. Rajiv Rajagopal, MBA, is a Managing Director and Director of Akzo Nobel India Limited since November 1, 2018. He served as Director of Sales & Marketing - Deco at Akzo Nobel India Limited from February...


CEO Compensation Analysis

Compensation vs Market: Rajiv's total compensation ($USD327.10K) is below average for companies of similar size in the Indian market ($USD620.31K).

Compensation vs Earnings: Rajiv's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rajiv Rajagopal
MD & Director2yrs₹24.29mno data
Lakshay Kataria
CFO & Whole Time Director1.75yrs₹14.44mno data
Harshi Rastogi
Accounting & Tax Controllerno data₹7.00mno data
Rohit Totla
Director of Sales0.67yrno datano data
Shrikant Choubey
GM & Head of Project Management Group11.83yrs₹2.97mno data
Shrikant Kulkarni
Head of Sales & Marketing - South Asia and Marketing Manager global - Pharma segment (BUPC)no datano datano data
A. Bhattacharya
Sales Head of Marine & Protective Coatingsno datano datano data
A. Kumar
Head of Manufacturingno datano datano data
Sumit Khatuja
Head of Manufacturing0.67yrno datano data
T. Ghoshal
Works Manager of Pankino data₹3.57mno data
Prasanth Chandrasekharan
Sales Manager of ASCno datano datano data

1.8yrs

Average Tenure

60yo

Average Age

Experienced Management: 500710's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rajiv Rajagopal
MD & Director2yrs₹24.29mno data
Lakshay Kataria
CFO & Whole Time Director1.75yrs₹14.44mno data
Arvind Uppal
Independent Director9.58yrs₹1.45mno data
Amit Jain
Chairman3.25yrs₹1.60mno data
Rahul Bhatnagar
Independent Director1.25yrs₹850.00kno data
Hemant Sahai
Independent Director2.25yrs₹1.35mno data
Sucheta Govil
Alternate Director7.5yrsno datano data
Oscar Christian Maria Wezenbeek
Non-Executive Director1.5yrsno datano data
Smriti Vijay
Independent Director1.25yrs₹850.00kno data

2.0yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 500710's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Akzo Nobel India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Akzo Nobel India Limited
  • Ticker: 500710
  • Exchange: BSE
  • Founded: 1646
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₹95.846b
  • Shares outstanding: 45.54m
  • Website: https://www.akzonobel.co.in

Number of Employees


Location

  • Akzo Nobel India Limited
  • Magnum Towers
  • 9th Floor
  • Gurugram
  • Haryana
  • 122011
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500710BSE (Mumbai Stock Exchange)YesEquity SharesININROct 1998
AKZOINDIANSEI (National Stock Exchange of India)YesEquity SharesININROct 1998

Biography

Akzo Nobel India Limited manufactures and sells paints and coatings in India and internationally. The company offers marine coatings, protective coatings, powder coatings, industrial coatings, and automoti...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 13:00
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.