Akzo Nobel India Limited, which has changed its name to another name, is among the leading paint companies in India with its existence lasting for more than 70 years now. It is involved in the business of decorative paints and industrial coatings through some of its major brands which include Dulux, International and Sikkens. The range of products it offers includes decorative paints, automotive & specialty coatings, marine & protective coatings, and industrial coatings.
The shares of JSW Dulux are currently trading at Rs. 3,163.60, up by 0.84% . The company has a market capitalization of Rs. 14,407.13 crore. The stock’s 52 week high is Rs. 3,745.00 and its 52 week low is Rs. 2,658.70. In the past 6 months the stock has delivered a return of 5.46%.
Stock Split Details
JSW Dulux Limited, formerly known as Akzo Nobel India Limited, has announced a 1:10 stock split of its equity shares. Under the sub-division, the existing face value of Rs. 10 per share will be reduced to Rs. 1 per share. Accordingly, shareholders holding one existing equity share will receive 10 shares after the split, without changing the overall value of their holding.
The stock split was approved by shareholders on September 20, 2026, while the company has fixed October 22, 2026, as the record date for determining eligible shareholders. The subdivision is therefore expected to increase the number of outstanding shares and reduce the face value per share from Rs. 10 to Rs. 1
Why Is JSW Dulux Splitting Its Shares
A stock split changes the denomination of the company’s equity shares by dividing existing shares into a larger number of shares with a lower face value. In JSW Dulux’s case, the Rs. 10 face-value share will become 10 shares of Rs. 1 each. While the number of shares held by investors will increase, the market price adjusts proportionately around the split, leaving the overall value of the holding broadly unchanged at the time of the adjustment. The corporate action can also make the per-share trading price lower, which may make the stock accessible to investors who consider the absolute share price when deciding their investment size.
Financial performance
Looking at the quarterly results of JSW Dulux Limited, the company’s consolidated revenue from operations stood at Rs. 965.00 crore in Q1 FY27, compared with Rs. 995.10 crore in Q1 FY26, registering a decline of around 3.02% YoY. On a sequential basis, revenue increased by around 9.25% QoQ from Rs. 883.30 crore in Q4 FY26.
In Q1 FY27, the company’s operating profit stood at Rs. 115.10 crore, compared with Rs. 116.20 crore in Q1 FY26, while operating profit declined around 9.37% QoQ from Rs. 127.00 crore in Q4 FY26. The operating profit margin stood at around 11.93% during the quarter.
JSW Dulux reported a consolidated profit before tax of Rs. 117.70 crore in Q1 FY27, compared with Rs. 122.50 crore in Q1 FY26, representing a decline of around 3.92% YoY. On a sequential basis, PBT declined around 30.64% from Rs. 169.70 crore in Q4 FY26.
The company’s consolidated net profit stood at Rs. 79.70 crore in Q1 FY27, compared with Rs. 91.00 crore in Q1 FY26, registering a decline of around 12.42% YoY. Compared with Q4 FY26, net profit declined around 36.60% from Rs. 125.70 crore.
The company’s basic EPS stood at Rs. 17.51 in Q1 FY27, compared with Rs. 19.98 in Q1 FY26. On a sequential basis, EPS increased from Rs. 14.46 in Q4 FY26, based on the reported quarterly figures.
What Does the Stock Split Mean for Investors
It should be noted that the future corporate move will change the number and par value of stocks, but not the creation of additional economic value for current stockholders.
Stockholders, who will own eligible shares on October 22, 2026 (record date), will get the subdivided shares using the approved 1:10 ratio. As a result of the share split, the number of shares will rise, whereas the market price will be adjusted accordingly.
In summary, the most important event for stockholders is the change in the share par value and number, while the rest of the activities of the firm are unrelated to the share split.
Investor Perspective
The split of 1:10 is a corporate action for the modification of the equity structure of JSW Dulux. October 22, 2026 has been set as the record date. For the investors, what matters is the record date and the date following the split when stocks will be traded on an ex-split basis. The split by itself does not make any changes in the operations of the company and will not bring additional profits to the shareholders.