Akzo Nobel India Limited (AKZOINDIA) Fair Value & Analysis

Basic Materials · IN · Market cap ₹136B

A solid business, but screening 53% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹1,828). The favourable scenario is already priced in.
• Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 3, 2026.

How to read this chart

60‑month range ₹1,457 – ₹4,031 · fair‑value band ₹1,058 – ₹1,828 · the ₹2,942 price screens above the ₹1,391 fair value. Dashed = 300-day average. As of Aug 3, 2026.

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Analysis

Akzo Nobel India Limited (AKZOINDIA) currently trades at ₹2,942, while our model-based Fair Value estimate is ₹1,391, implying the stock looks roughly 52.7% overvalued today. We read business quality at 55/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Akzo Nobel India Limited generated revenue of ₹37.6B at a net margin of 52.0%. Revenue declined 13.6% year over year. It earns a return on equity of 108.2%. The stock trades on a trailing P/E of 6.9. Fundamentals as of Aug 3, 2026

Our scenario range runs from ₹1,058 (bear case) to ₹1,828 (bull case); at ₹2,942, the current price sits above that range. The share trades about 20% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -67% fair-value upside, at -53%, AKZOINDIA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (₹6,900) versus Asset-Based (₹360.69). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Akzo Nobel India Limited manufactures, distributes, and sells paints and coatings in India and internationally. It offers paints, emulsions, lacquers, and varnishes for interior, exterior, waterproofing, and wood care applications; waterproofing paint products; weathershield paint for institutions/builders/contractors; automotive and specialty, industrial, …

Full company description

Akzo Nobel India Limited manufactures, distributes, and sells paints and coatings in India and internationally. It offers paints, emulsions, lacquers, and varnishes for interior, exterior, waterproofing, and wood care applications; waterproofing paint products; weathershield paint for institutions/builders/contractors; automotive and specialty, industrial, powder, and marine and protective coatings. The company's products are used in oil and gas, power, infrastructure, and wind energy projects; architecture, automobile, and functional and domestic appliances; automotive OEM coating, consumer electronics coating, vehicle refinishes, and specialty coating businesses; packaging industry, including food, caps and closures, and beer and beverages; and roofing, building, aluminum composite panels, and domestic appliance sectors. It offers its products primarily under the Dulux, Sikkens, International, and Interpon brands. The company was formerly known as ICI India Limited and changed its name to Akzo Nobel India Limited in February 2010. Akzo Nobel India Limited was founded in 1792 and is based in Gurugram, India. Akzo Nobel India Limited is a subsidiary of Imperial Chemical Industries PLC.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Akzo Nobel India Limited reported revenue of ₹36.0B in FY2026 versus ₹31.1B in FY2022, a compound +3.7%/yr. Reported net income was ₹19.7B in FY2026, compounding +61.5%/yr from FY2022.

AKZOINDIA screens 53% overvalued. Compare with Linde plc →

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.