Akzo Nobel India Ltd
About
Akzo Nobel India, a subsidiary of the Dutch company by the same name, has been operating in the country for more than 70 years in the paints and coatings industry. Its brands—Dulux, International, Sikkens, and Interpon—are used in over 150 countries across the world. The company has divided its business into three major segments: for homeowners, for institutions or builders, and for industrial uses. It provides waterproofing, wood care and metal, interior and exterior work, powder coatings, marine and protective coatings, automotive and specialty coatings, and more. Intersleek, one of its marine coatings, allows ships to cut emissions and reduce fuel emissions. The company is currently headquartered in Gurugram and managed by Rajiv Rajgopal.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3992 4.5% | 3822 17.1% | 3264 32.6% | 2462 -9.8% | 2729 -8.3% | 2976 1.4% | 2936 10.6% | 2655 -1.7% | 2701 3.6% | 2607 4.7% | 2489 5.6% | 2358 9.2% | 2161 75.1% | 1234 7.8% | 1144 -4.9% | 1203 - |
| Net Operating Income (INR Cr) | 3962 4.20% | 3802 20.76% | 3149 30.03% | 2421 -9.03% | 2662 -8.79% | 2918 7.32% | 2719 5.71% | 2573 -2.56% | 2640 0.00% | 2527 4.51% | 2418 8.33% | 2232 12.28% | 1988 81.24% | 1097 5.29% | 1042 4.40% | 906 -3.49% |
| Profit (INR Cr) | 427 27.3% | 335 15.5% | 290 39.7% | 208 -12.6% | 237 12.5% | 211 -47.3% | 400 62.0% | 247 15.3% | 214 15.0% | 186 24.0% | 150 -31.4% | 219 8.4% | 202 14.3% | 177 10.9% | 159 -46.0% | 295 - |
| Assets (INR Cr) | 1496 0.2% | 1493 4.9% | 1423 -1.1% | 1438 3.5% | 1389 14.5% | 1213 -10.6% | 1358 24.5% | 1091 -11.5% | 1233 23.7% | 996 7.2% | 930 -21.6% | 1186 -22.1% | 1523 31.3% | 1160 16.9% | 992 2.2% | 971 - |
| Net Worth (INR Cr) | 1329 1.0% | 1315 4.5% | 1258 -2.2% | 1287 4.1% | 1237 9.0% | 1135 -12.0% | 1290 27.9% | 1008 -13.2% | 1162 0.0% | 919 8.5% | 846 -23.3% | 1104 -23.3% | 1440 32.1% | 1090 10.0% | 991 2.2% | 970 27.4% |
| Employee Cost (INR Cr) | 328 9.0% | 301 14.1% | 264 4.9% | 252 -4.8% | 265 -0.4% | 266 -5.2% | 280 12.7% | 249 5.3% | 236 14.7% | 206 6.1% | 194 10.6% | 175 19.0% | 147 111.6% | 70 17.2% | 59 36.4% | 44 - |
| Interest Cost (INR Cr) | 13 | 14 | 15 | 10 | 9 | 5 | 4 | 3 | 2 | 2 | 2 | 9 | 4 | 2 | 1 | 3 |
| Cash & Bank Balance (INR Cr) | 524 | 564 | 459 | 733 | 553 | 63 | 87 | 35 | 56 | 60 | 72 | 86 | 74 | 30 | 14 | 15 |
| Total Debt (INR Cr) | 60 | 70 | 71 | 64 | 64 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 10.7% | 8.8% | 8.9% | 8.4% | 8.7% | 7.1% | 13.6% | 9.3% | 7.9% | 7.2% | 6.0% | 9.3% | 9.3% | 14.3% | 13.9% | 24.5% |
| Profit As % Of Assets | 28.5% | 22.4% | 20.4% | 14.4% | 17.1% | 17.4% | 29.5% | 22.7% | 17.4% | 18.7% | 16.2% | 18.5% | 13.3% | 15.2% | 16.1% | 30.4% |
| Profit As % Of Networth | 32.1% | 25.5% | 23.1% | 16.1% | 19.2% | 18.6% | 31.0% | 24.5% | 18.4% | 20.3% | 17.8% | 19.8% | 14.0% | 16.2% | 16.1% | 30.4% |
| Interest Cost to EBITDA % | 2.0% | 2.7% | 3.4% | 3.0% | 2.5% | 1.3% | 1.2% | 1.0% | 0.7% | 0.6% | 0.8% | 4.7% | 2.2% | 1.1% | 0.9% | 2.9% |
| Debt to Equity Ratio | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | - | - | - | - |
| RONW | 32.3% | 26.0% | 22.8% | 16.5% | 20.0% | 17.4% | 34.8% | 19.0% | 15.9% | 16.6% | 10.2% | 9.1% | 10.3% | 11.7% | 9.7% | 9.9% |
| ROCE | 39.2% | 32.3% | 26.7% | 20.4% | 25.6% | 24.9% | 39.3% | 24.3% | 22.1% | 22.7% | 14.6% | 13.7% | 11.9% | 14.0% | 12.1% | 13.1% |