Is JSW Dulux the Best Stock in Its Sector? A Look at the Numbers

Is JSW Dulux the best stock in its sector? The stock trades on the NSE at Rs 3,098 as of 15 October 2026, within its 52-week range of Rs 2,658.70 to Rs 3,745.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.

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About JSW Dulux

JSW Dulux Ltd, formerly Akzo Nobel India, is a paint company that sells decorative and industrial coatings under the Dulux brand. Its decorative paints reach homes through a dealer network, and it also supplies coatings to industrial customers, with the JSW group now holding control. At a market capitalisation of Rs 14,102 Cr, it is tracked as part of the Paints sector on Univest.

Is JSW Dulux the Best Stock in Its Sector?

JSW Dulux makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. JSW Dulux's 7.19x P/E is below the 43.11x Industry P/E, Berger Paints India at 45.51x and Asian Paints at 46.58x, while its 17.68% ROE is lower than Asian Paints at 20.24%, though higher than Berger Paints India at 16.29%, and its debt to equity ratio of 0.03 is below Berger Paints India at 0.09 and Asian Paints at 0.18.

Metric	JSW Dulux
CMP (NSE)	Rs 3,098.30
52-Week High / Low	Rs 3,745.00 / Rs 2,658.70
Market Cap	Rs 14,102 Cr
P/E (TTM) vs Industry P/E	7.19x vs 43.11x
P/B	5.75
ROE	17.68%
EPS (TTM)	Rs 430.94
Dividend Yield	6.65%
Debt to Equity	0.03

Compare JSW Dulux Against Other Paints Sector Stocks

How JSW Dulux Compares Against Its Paints Sector Peers

The table below sets JSW Dulux against 2 other Paints sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
JSW Dulux	14,102	7.19	17.68%	0.03
Berger Paints India	55,455	45.51	16.29%	0.09
Asian Paints	2,25,316	46.58	20.24%	0.18
Peer average (2 companies)	-	46.05	18.27%	0.14

Measured against the peer averages, JSW Dulux's P/E is 84 percent below the 46.05x average, and its ROE is 0.59 percentage points below the 18.27% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.

What Makes JSW Dulux Worth Watching in Paints

• Scale: At Rs 14,102 Cr, its market capitalisation is smaller than Berger Paints India (Rs 55,455 Cr) and Asian Paints (Rs 2,25,316 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
• Sector drivers: Housing activity, repainting demand and new product launches under the Dulux and JSW brands shape its volumes.
• Key risk: The trailing earnings per share looks unusually high, and the dividend yield of about 6.65% may reflect a one time payout, so the low P/E should be read with caution until recurring earnings are clear.

JSW Dulux Valuation: Is It Justified?

At a P/B ratio of 5.75, the market pays about Rs 5.75 for every rupee of book value, and the EPS (TTM) of Rs 430.94 is the earnings base behind the P/E. The stock trades about 17 percent below its 52-week high and about 17 percent above its 52-week low. The dividend yield of 6.65% adds a meaningful income component on top of any price movement. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.

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Download the Univest iOS App or Univest Android App to track JSW Dulux and other Paints sector stocks.

How to Track JSW Dulux Before You Invest

Before deciding whether JSW Dulux deserves its label as the best stock in its sector for your own portfolio, compare it directly against Paints sector peers using the steps below.

1. Open the Univest Screener and search for JSW Dulux to view live price, valuation ratios, and peer comparisons within the Paints sector.
2. Compare its P/E, P/B, and ROE against other Paints sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

JSW Dulux gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Paints depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is JSW Dulux the best stock in its sector?

Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. JSW Dulux has a 17.68% ROE and trades at 7.19x P/E against a 43.11x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 18.27% peer average and its P/E is below the 46.05x peer average. Its debt to equity ratio of 0.03 is below the 0.14 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.

What is the current share price of JSW Dulux?

Ans. JSW Dulux was trading at Rs 3,098.30 on the NSE as of 15 October 2026, and its 52-week range runs from Rs 2,658.70 to Rs 3,745.00. That leaves the share price 17 percent short of the 52-week high and 17 percent clear of the 52-week low. Its market capitalisation is Rs 14,102 Cr and its EPS (TTM) is Rs 430.94, which is the earnings figure behind the 7.19x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.

What sector does JSW Dulux belong to?

Ans. JSW Dulux is classified under the Paints sector on Univest, and that group of listed companies is the reference point for the 43.11x Industry P/E used in this article. The 2 named peers compared here are Berger Paints India and Asian Paints, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Paints sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.

How does JSW Dulux compare to its sector peers on P/E?

Ans. JSW Dulux's P/E of 7.19x is below the 46.05x average of the 2 named peers, with Berger Paints India at 45.51x and Asian Paints at 46.58x. It also sits below the 43.11x Industry P/E, which is the benchmark for the wider Paints sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 5.75 gives one more view of how the market values its book value.

What is JSW Dulux's return on equity?

Ans. JSW Dulux reported a return on equity of 17.68%, which is below the 18.27% average of its named peers, with Berger Paints India at 16.29% and Asian Paints at 20.24%. ROE shows how much profit a company generates on every rupee of shareholders' equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.03 against a peer average of 0.14. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.

Should I invest in JSW Dulux based on its sector position?

Ans. Sector position is only one input into an investment decision. JSW Dulux has a 17.68% ROE and a 7.19x P/E, which make it worth researching further, and its dividend yield is 6.65%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.