Akzo Nobel India Ltd. is the world’s largest coatings company. It is engaged in supplying essential protection and colour to industries and consumers. It was incorporated in 1954, with its headquarters in Kolkata. The global headquarters are in the Netherlands. For FY 2021-2022, the company’s total revenue was Rs 3,171.30 crore, up 29.73% from the previous financial year, 2020-2021. Akzo Nobel India Ltd.’s market capitalisation on 10 October 2022 stood at Rs 10,072 crore.
The company is listed on the Bombay Stock Exchange with the code 500710, and on the National Stock Exchange with the code AKZOINDIA. It is also listed on the Bangalore Stock Exchange, Calcutta Stock Exchange, Cochin Stock Exchange, and Madras Stock Exchange, among others.
Akzo Nobel Ltd. is active in over 150 countries. It manufactures decoratives and emulsions, lacquers, adhesives, and coatings for homeowners, industrial users, institutions, and builders. The company has manufacturing plants in Thane, Mohali, Hyderabad, Bhind, Bengaluru, Kolkata, and New Mumbai. Its world-class portfolio of brands includes International, Dulux, Interpon, and Sikkens.
For the quarter that ended June 2022, the company’s total income was Rs 941.80 crore, up 7.98% from Rs 872.20 crore recorded in the quarter that ended March 2022. Akzo Nobel India Ltd. spent less than 1% of its operating expenses towards interest expenses and 8.38% towards employee expenses for the FY 2021-2022.
The company’s board of directors includes Mr Oscar Wezenbeek, Mr R Krishna, Mr Hemant Sahai, Mr Amit Jain, Mr Rajiv Rajgopal, and Mrs Smriti Rekha Vijay. The auditors are Price Waterhouse Chartered Accountants LLP. As on 30 June 2022, the company had a total of 4.55 crore shares outstanding.
On 30 June 2022, the company’s shareholding pattern indicated a 74.76% promoter stake, 1.75% foreign institutional investor stake, 10.37% domestic institutional investor stake, and 13.12% public stake. Imperial Chemical Industries Ltd. was the leading promoter with a 50.46% stake, followed by Akzo Nobel Coatings International B V with a 24.30% stake.
On 10 October 2022, Akzo Nobel India Ltd.’s share price closed at Rs 2,231 on BSE and Rs 2,211.70 on NSE. The company’s 52-week high share price was Rs 2,300, and the 52-week low share price was Rs 1,687.60.
The company’s peers include Asian Paints, Berger Paints, Kansai Nerolac, and Indigo Paints.
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